NYSE:CADE 27 October 2025 - 11 February 2026

On Oct. 27, Huntington Bancshares announced it will absorb Cadence Bank in a stock-for-stock merger finimize.com sec.gov. Cadence is a $53 billion-asset regional bank based in Houston/Tupelo, with 390 branches in eight states sec.gov bankingdive.com. Under the deal Huntington will issue 2.475 of its shares per Cadence share. Based on HBAN’s Oct. 24 close of $16.07, the exchange price equals $39.77 per Cadence share finimize.com bankingdive.com. This values Cadence at $7.4 billion in total finimize.com bankingdive.com. The combined bank will have about $276 billion in assets, $220 billion in deposits, and $184 billion in loans and leases reuters.com bankingdive.com. It will rank roughly top-10 in the U.S. by deposits. Notably, Huntington immediately becomes a major player in Texas – #5 in Dallas and Houston deposits, and among the top-ten across Texas and the South sec.gov bankingdive.com. The deal also gives Huntington leading position in Mississippi and strong footholds in Alabama and Arkansas sec.gov bankingdive.com. Huntington already closed its Veritex acquisition on Oct. 20, so this is a second Texas expansion in weeks sec.gov bankingdive.com.