HUNTINGTON BANCSHARES INC /MD/ (HBAN) Company Report

Total assets reached $53.28 B at September 30, 2025, driven by net loans of $36.31 B and deposits of $43.92 B.
Net income for Q3 2025 was $129.8 M, translating to diluted EPS of $0.67.
Nine-month net income stood at $397.7 M, compared with $390.9 M in the same period of 2024.
Total shareholders’ equity grew to $6.08 B as of September 30, 2025, up from $5.57 B a year earlier.

5 days ago

8-K

The Partner Companies secures $100+M strategic investment from Tensile Capital

HBAN

New Projects/Investments

Debt Issuance

The Partner Companies completed a $300+ million total capital raise, including a $100+ million equity investment from Tensile Capital Management and a $200+ million syndicated credit facility led by Huntington Bank to finance growth across its operations.
The financing will fuel expansion of TPC’s 11 specialized manufacturing brands serving aerospace, defense, medical, energy and technology customers.
Tensile’s evergreen fund structure provides long-duration capital aligned with TPC’s strategy to invest in technology, capacity expansion and future acquisitions.
Since 2020, TPC has grown through five strategic acquisitions: L&T Precision (Dec 2020), Photofabrication Engineering (Apr 2021), Pinnacle Precision (May 2022), UPG (Apr 2023) and Precision Eforming (Jul 2025).

Nov 18, 2025, 3:00 PM

Press Release

Huntington Bancshares enters merger agreement with Cadence Bank

HBAN

M&A

Convertible Preferred Issuance

On October 26, 2025, Huntington Bancshares Incorporated and its subsidiary The Huntington National Bank signed a definitive Merger Agreement to combine Cadence Bank with Huntington National Bank, subject to customary closing conditions and regulatory approvals.
At closing, each share of Cadence common stock will convert into 2.475 shares of Huntington common stock (with cash in lieu of fractional shares), and each share of Cadence’s 5.50% Series A preferred stock will convert into 1/1,000 of a newly created Huntington preferred share series.
The merger was unanimously approved by the boards of Huntington, Huntington National Bank and Cadence and is intended to qualify as a tax-free reorganization under Section 368(a) of the Internal Revenue Code.
Huntington has authorized a new 5.50% Series L Non-Cumulative Perpetual Preferred Stock with a $25,000 liquidation preference per share, detailing dividend, redemption and ranking terms in its Articles Supplementary.

Oct 30, 2025, 8:37 PM

8-K

Huntington Bancshares to acquire Cadence Bancorp in all-stock transaction

HBAN

M&A

Huntington and Cadence to combine via an all-stock transaction, with Cadence shareholders receiving 2.475 Huntington shares per Cadence share, equating to 77% / 23% pro forma ownership and a total consideration of $7.4 billion (1.7× TBV).
The deal establishes Huntington as the 10th largest U.S. bank, expanding its footprint to 21 states, serving half of the U.S. population, and delivering top-five deposit share in Houston and Dallas.
Identified $365 million in pre-tax cost synergies (30% of Cadence’s 2027 non-interest expense), with 75% realized in 2026 and full run-rate in 2027, supporting an upgrade of pro forma 2027 ROTCE to 18–19% and 10% EPS accretion.
Transaction expected to close in Q1 2026, subject to shareholder and regulatory approvals, with minimal impact on CET1 capital (est. 9.2% at close).

Oct 27, 2025, 12:30 PM

Transcript

Huntington Bancshares to Acquire Cadence Bank

HBAN

M&A

All-stock transaction: Huntington Bancshares will acquire Cadence Bank at a fixed exchange ratio of 2.475 Huntington shares per Cadence share, valuing the deal at $7.4 billion; pro forma ownership of 77% Huntington / 23% Cadence.
Valuation and financial impact: Implied 1.7x Price/TBVPS, 11.7x Price/2026E EPS (8.2x synergy-adjusted), 7% TBVPS dilution to $9.33 per share with a 3-year earn-back, 10% EPS accretion, and 18–19% ROTCE by 2027.
Closing timeline: Subject to regulatory and shareholder approvals, expected to close in mid-1Q26.
Strategic rationale: Creates a multi-region franchise with ~1,450 branches, $276 billion in assets, expanding Huntington’s presence in high-growth Southern and Western markets.
Governance: Dan Rollins and two Cadence directors will join Huntington’s board; no existing Cadence branch closures planned.

Oct 27, 2025, 12:30 PM

Presentation

Huntington Bancshares to acquire Cadence Bancorp

HBAN

M&A

Huntington will acquire Cadence in an all-stock transaction at 2.475 Huntington shares per Cadence share, creating a pro forma ownership split of 77% Huntington/23% Cadence.
The $7.4 billion deal values Cadence at 1.7× tangible book and 11.7× 2026 EPS (8.2× synergy-adjusted), and is expected to be 10% accretive to 2027 EPS with a 200 bp ROTCE boost to 18–19%.
Post-close, the combined bank will have 144 branches and $26 billion in deposits in Texas (ranked #8 by deposits; #5 in Dallas and Houston).
Huntington has identified $365 million in pre-tax cost synergies (75% realization by 2026, full run-rate in 2027); all projections exclude revenue synergies.
The transaction is expected to close in Q1 2026, subject to shareholder and regulatory approvals.

Oct 27, 2025, 12:30 PM

Transcript

Huntington announces all-stock combination with Cadence Bancorp

HBAN

M&A

Huntington closes Veritex acquisition and announces all-stock combination with Cadence to create a top-10 bank with presence in 21 states and significant scale in Texas.
Transaction details: Cadence shareholders receive 2.475 Huntington shares per Cadence share, resulting in 77%/23% pro forma ownership split and $7.4 billion aggregate consideration at 1.7 × tangible book value.
Financial impact: expected 10% accretion to 2027 EPS, 200 bps increase in ROTCE to 18–19%, and an earn-back period of 3 years; adjusted CET1 of 9.2% at closing.
Cost synergies of $365 million (30% of Cadence’s projected 2027 cash non-interest expense), with 75% realized in 2026 and full run rate in 2027.

Oct 27, 2025, 12:30 PM

Transcript

Huntington Bancshares to acquire Cadence Bancorp

HBAN

M&A

All-stock deal valued at $7.4 billion, exchanging 2.475 Huntington shares per Cadence share for a 77/23 pro forma ownership split; implies 1.7× tangible book, 11.7× 2026 consensus EPS (or 8.2× synergy-adjusted), and is expected to be 10% accretive to 2027 EPS while lifting ROTCE by 200 bps to 18–19%.
Expands Huntington’s footprint with 390 Cadence branches and 1 million customers, bringing the combined bank into 21 states and covering half the U.S. population.
Bolsters Texas scale with 144 branches and $26 billion in deposits (eighth-largest in the state) and secures top-five deposit market share in Houston and Dallas.
Targets $365 million in pre-tax cost synergies (30% of Cadence’s 2027 non-interest expenses), with 75% realized in 2026 and full run-rate by 2027.

Oct 27, 2025, 12:30 PM

Transcript

Huntington Bancshares to Acquire Cadence Bank

HBAN

M&A

Huntington entered into a definitive agreement to acquire $53 B Cadence Bank in an all-stock transaction issuing 2.475 shares of HBAN per Cadence share, valuing Cadence at $39.77/share for an aggregate consideration of $7.4 B.
The combined franchise will have $276 B in assets and $220 B in deposits, creating a top-10 U.S. bank with immediate scale across high-growth Southern and Texas markets.
The deal is expected to be 10% accretive to EPS, mildly dilutive to regulatory capital at close, and 7% dilutive to tangible book value with earn-back in three years (inclusive of merger expenses).
Closing is anticipated in Q1 2026 with conversion and full integration in Q2 2026, subject to regulatory and shareholder approvals.

Oct 27, 2025, 11:15 AM

8-K

Huntington Bancshares to acquire Cadence Bank

HBAN

M&A

Huntington Bancshares will acquire Cadence Bank in a deal that creates a top 10 U.S. bank with $276 billion assets and $220 billion deposits, adding Cadence’s $53 billion in assets and 390 locations across the South and Texas.
The all-stock transaction issues 2.475 HBAN shares per Cadence share, implying $39.77 per share and a $7.4 billion aggregate value; the deal is expected to be 10% EPS accretive and 7% dilutive to tangible book value, with earn-back in three years.
The transaction, subject to regulatory and shareholder approvals, is expected to close in Q1 2026 with branch conversion in Q2 2026 under the Huntington brand.
Upon closing, Huntington will secure 5th deposit market share in Dallas and Houston, become #1 in Mississippi, top 10 in Alabama and Arkansas, and expand presence to 12 of the top 25 MSAs, including six fastest-growing markets.

Oct 27, 2025, 11:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for HUNTINGTON BANCSHARES INC /MD/.

Q3 2025

Oct 17, 2025

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Q2 2025

Jul 18, 2025

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Q1 2025

Apr 17, 2025

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View All Transcripts

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HUNTINGTON BANCSHARES INC /MD/ (HBAN)

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Executives

Stephen Steinour

Amit Dhingra

Brant Standridge

Brendan Lawlor

Donnell White

Helga Houston

Kendall Kowalski

Marcy Hingst

Prashant Nateri

Sarah Pohmer

Scott Kleinman

Timothy Miller

Zachary Wasserman

Board Members

Allie Kline

Chris Inglis

David Porteous

Gary Torgow

Jeffrey Tate

Ken Phelan

Rafael Diaz-Granados

Richard Neu

Roger Sit

Tanny Crane

Teresa Shea

Analyst Coverage

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Jon Arfstrom

Manan Gosalia

Matthew O'Connor

Steven Alexopoulos

John Pancari

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Peter Winter

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