Huntington Bancshares integrates Cadence Bank assets following acquisition
What happened
The acquisition deal between Cadence Bank and Huntington Bancshares closed on February 1, 2026, adding $36.9 billion in loans and $43.5 billion in deposits to Huntington Bancshares. In the second quarter, Huntington Bancshares reported net interest income of $2.1 billion, an 8.5% sequential increase driven by commercial and industrial loans. Commercial real estate balances modestly declined during the quarter.
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Why it matters
The integration expands Huntington Bancshares' corporate footprint and funding base, which includes local deposits spread equally across customer types. Despite having a 4% yield, Huntington Bancshares has prioritized $3 billion in buybacks over raising its quarterly dividend, which has been frozen since 2021.
Cadence Bank and Huntington Bancshares are pursuing an acquisition to expand their corporate footprint in Texas.
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Who's involved
- Cadence BankThe acquired commercial bank, which contributed $36.9 billion in loans and $43.5 billion in deposits.
- Huntington BancsharesThe bank holding company that acquired Cadence Bank and is integrating its assets.
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The entities involved
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Cadence Bank
commercial bank headquartered in Tupelo, Mississippi, and Houston, Texas
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Huntington Bancshares
bank holding company headquartered in Ohio
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