Huntington Bancshares has agreed to acquire Cadence Bank in an all-stock transaction valued at USD 7.4 billion, the Columbus, Ohio-based regional bank announced on 27 October 2025. Under the deal, Cadence Bank shareholders would receive 2.475 Huntington shares for each Cadence share they hold.
Cadence Bank, headquartered in Houston, Texas, and Tupelo, Mississippi, held approximately USD 53 billion in assets at the time of the announcement. Huntington said the transaction is expected to be 10% accretive to its earnings per share.
CADENCE'S FOOTPRINT
Cadence operates across Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas.
APPROVALS AND TIMELINE
The transaction is subject to approval from shareholders of both Huntington and Cadence as well as regulatory clearances from federal and state banking supervisors. Huntington said it expects the transaction to close in the first quarter of 2026, with systems conversion expected in the second quarter of 2026. The combined bank would have a franchise spanning 21 states from the Midwest to the South and Texas.
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