Cadence Bank Shares Gain Following Acquisition by Huntington

Dow Jones
Oct 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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