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Huntington to Acquire Cadence Bank for $7.4 Billion

10/27/2025

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Summary

Story summary

Huntington Bancshares Incorporated announced its agreement to acquire Cadence Bank for $7.4 billion in an all-stock deal, with closing expected in the first quarter of 2026.
The merger will create a top-ten U.S. bank with $276 billion in assets and $220 billion in deposits.
It will expand Huntington's footprint to 21 states, including Houston and Dallas.
Huntington aims to lift its ROTCE target to 18–19% from 16–17%.

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Story summary

Huntington Bancshares Incorporated announced its agreement to acquire Cadence Bank for $7.4 billion in an all-stock deal, with closing expected in the first quarter of 2026.
The merger will create a top-ten U.S. bank with $276 billion in assets and $220 billion in deposits.
It will expand Huntington's footprint to 21 states, including Houston and Dallas.
Huntington aims to lift its ROTCE target to 18–19% from 16–17%.