HBAN stock: Huntington Bancshares heads into the week with a $1.75bn debt raise and Cadence merger clock ticking
Huntington Bancshares shares fell 1.6% Friday to $17.35 after announcing $1.75 billion in new notes, set to settle Jan. 28. The $7.4 billion Cadence Bank merger is expected to close near Feb. 1, with all regulatory approvals secured. Huntington reported Q4 net income of $519 million and kept its quarterly dividend at $0.155 per share. Investors are watching funding costs and integration risks as the deal nears completion.