Cadence Bank Shares Gain Following Acquisition by Huntington

Dow Jones
10/27
 

By Connor Hart

 

Shares of Cadence Bank rose after Huntington Bancshares said it will buy the midsize southern bank for $7.4 billion.

Cadence's stock rose 4% to $37.95 in premarket trading Monday. Through Friday's close, shares are up 8.3% so far this year.

The all-stock deal, which was reported earlier Monday by The Wall Street Journal, will give Huntington around $276 billion in assets. It will also further expand Huntington's presence deeper into the South, particularly Texas, where the bank last week completed a separate acquisition of a smaller Dallas-based bank called Veritex Holdings.

Cadence Bank Chief Executive James "Dan" Rollins III said the deal will help the bank do more to support those it serves. "This is a defining moment for Cadence Bank and we're confident this alignment will create lasting value across our footprint and beyond," he added.

Shares of Huntington were down 3.2% at $15.55 ahead of the opening bell.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

October 27, 2025 07:18 ET (11:18 GMT)

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