Jim Cramer talks the banking space with Huntington Bancshares CEO Steve Steinour

Merger and Expansion - Huntington Bank is acquiring Veritex, a Texas-based regional bank, in an all-stock deal valued at just under $2 billion [1] - The acquisition helps Huntington Bank expand in Texas, a market where it was already growing aggressively [2][4] - Huntington Bank aims to target higher growth, pro-business states, including North and South Carolina, where it has already seen success [11][22] Financial Performance and Outlook - Huntington Bank pre-announced solid second-quarter earnings, with better-than-expected net interest income and strong credit quality metrics [2][3] - Huntington Bank had a sensational quarter with a 16% beat, driven by revenue expansion, net interest income growth of 3%, and capital growth [13] - Huntington Bank experienced loan growth of 8% on average over the past year [21] - Huntington Bank's credit quality is outstanding, with charge-offs at 20 basis points [13] Economic Factors and Regulatory Environment - The banking sector is benefiting from a more constructive overall business tone, facilitating deal-making [10] - Accelerated depreciation provisions in the "big beautiful bill" (likely referring to tax legislation) are expected to boost onshore manufacturing and economic activity [19][20] - While uncertainties related to tariffs exist, the core economy is performing well, as reflected in credit quality and loan growth [23][24]