Huntington Bancshares’ Bold Moves: Strong Earnings and a $7.4B Bank Takeover Shake Up HBAN Stock
Huntington Bancshares reported Q3 net income of $629 million, up 22% year-over-year, beating forecasts. The bank announced a $7.4 billion all-stock acquisition of Cadence Bank, expanding into Texas and the Southeast. HBAN shares fell 3–4% pre-market after the merger news, trading around $15. Shares remain about 15% below their 52-week high.