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Global Desk Huntington Bancshares (HBAN) stock fell 5% early Monday, going below its 200-day line and 10-day moving average, as per the report by Investor’s Business Daily. HBAN shares are down 1.2% so far in 2025 through last Friday. Cadence Bank (CADE) stock rose 2.9% early Monday after the deal news. CADE stock has climbed almost 6% in 2025 and is near a 36.65 buy point in its chart pattern. Huntington Bancshares said on Monday it will buy Cadence Bank in an all-stock deal worth $7.4 billion. Huntington will give 2.475 shares of its common stock for each share of Cadence Bank. Based on Huntington’s Friday closing price of $16.07, the deal means $39.77 per Cadence share, valuing the deal at $7.4 billion.Huntington Bank expansion after Cadence dealThe new combined bank will have $276 billion in assets and $220 billion in deposits. The merger will expand Huntington’s reach to 21 states and make it the 5th-largest by deposits in Dallas and Houston and 8th-largest in Texas. Cadence has over 390 branches across Texas and the South.Huntington already has more than 1,000 branches in 14 states. Huntington said it will not close any Cadence branches. They will all operate under the Huntington Bank name. Cadence CEO James D. Rollins III will become non-executive vice chairman of Huntington’s board once the deal is done, as per the report by AP. Two more Cadence board members will also join Huntington’s board. Regional banks compete through big mergersHuntington expects the deal to boost its earnings per share by about 10%, as per the report by Investor’s Business Daily. The deal is expected to close in the first quarter of 2026 after shareholder approval. Cadence branches will start using the Huntington Bank name in Q2 2026. Live EventsThe merger will make Huntington the No. 1 bank in Mississippi and a top 10 bank in Alabama and Arkansas by deposits. It also gives Huntington a presence in Houston, Dallas, Fort Worth, Austin, Atlanta, Nashville, Orlando, and Tampa. Huntington said the merger helps it grow across high-growth southern markets, as per AP. Super regional banks like Huntington are buying smaller banks to compete with Wells Fargo, Bank of America, and JPMorgan Chase.Recently, Capital One bought Discover, creating the largest U.S. credit card company. PNC Financial announced plans to buy FirstBank for $4.1 billion. Fifth Third Bank agreed to buy Comerica for $10.9 billion. Pinnacle Financial said it will buy Synovus Financial in an $8.6 billion stock deal.Earlier this month, Huntington also finished buying Veritex Holdings, which runs 31 branches in Texas. This Huntington-Cadence merger shows regional banks are merging to stay competitive while investors react differently to these large bank deals. FAQsQ1. Why did Huntington Bank buy Cadence Bank?Huntington Bank bought Cadence Bank for $7.4 billion to expand across the southern U.S. and grow its deposits and market share.Q2. How did Huntington Bank’s stock react to the Cadence Bank deal?Huntington Bancshares (HBAN) stock fell about 5% after announcing the $7.4 billion Cadence Bank acquisition.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News oncadence bankhuntington bankPNC FinancialFirstBank dealFifth Third BankComerica mergerPinnacle FinancialSynovus Financialbank mergers 2025billion dollar bank deals (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News oncadence bankhuntington bankPNC FinancialFirstBank dealFifth Third BankComerica mergerPinnacle FinancialSynovus Financialbank mergers 2025billion dollar bank deals(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123
