Huntington Bancshares Completes All-Stock Acquisition of Cadence

Huntington Bancshares ( (HBAN) ) just unveiled an update.

On February 1, 2026, Huntington Bancshares completed its previously announced all-stock acquisition of Cadence Bank, merging Cadence into The Huntington National Bank and issuing approximately 462 million Huntington common shares as consideration, while converting Cadence preferred stock and equity awards into corresponding Huntington instruments. The transaction, formally announced by press release on February 2, 2026, creates a combined institution with about $279 billion in assets, $221 billion in deposits, and $187 billion in loans as of December 31, 2025, and elevates Huntington to the eighth-largest bank in Texas and the leading bank in Mississippi by deposit market share, with roughly 1,400 branches in 21 states and a commitment to maintain and invest in Cadence’s 390-branch network. In connection with the merger, Huntington created a new Series L preferred stock class represented by 6.9 million depositary shares ranking pari passu with its existing preferred stock, and expanded its board to 15 members by appointing three former Cadence directors—James D. “Dan” Rollins III, Virginia Hepner and Alice Rodriguez—with Rollins assuming the role of non-executive vice chairman and adviser, signaling an effort to preserve Cadence leadership expertise and support Huntington’s strategic push into high-growth markets across Texas and the South.

The most recent analyst rating on (HBAN) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Huntington Bancshares stock, see the HBAN Stock Forecast page.

Spark’s Take on HBAN Stock

According to Spark, TipRanks’ AI Analyst, HBAN is a Outperform.

The score is driven primarily by strong financial performance (profitability and cash generation) and constructive earnings outlook with solid credit guidance. Valuation and dividend yield are supportive. The main offsets are mixed near-term technical momentum and execution/leverage risk tied to integration and the recent debt issuance.

To see Spark’s full report on HBAN stock, click here.

More about Huntington Bancshares

Huntington Bancshares Incorporated is a $279 billion-asset regional bank holding company headquartered in Columbus, Ohio. Through The Huntington National Bank and its affiliates, it provides a comprehensive suite of banking, payments, wealth management, and risk management products and services to consumers, small and middle-market businesses, corporations, municipalities, and other organizations. The bank operates nearly 1,400 branches across 21 U.S. states, with certain specialized businesses active in broader geographies.

Average Trading Volume: 30,005,434

Technical Sentiment Signal: Buy

Current Market Cap: $27.53B

For detailed information about HBAN stock, go to TipRanks’ Stock Analysis page.