Huntington Bancshares Announces Acquisition of Veritex and Preliminary Q2 Results

Details

for $1.9 billion in a stock transaction, expected to close in Q4 2025. The acquisition is anticipated to be modestly accretive to earnings per share and neutral to regulatory capital. Huntington also reported preliminary Q2 2025 results, showing an EPS of $0.34, net interest income of $1.5 billion, and a tangible book value per share of $9.13.

Items reported

Exhibits (2)

About Huntington Bancshares Inc.

Huntington Bancshares Inc. is a diversified regional bank holding company, primarily engaged in providing a comprehensive range of financial services. Its primary function is to offer traditional banking products such as deposits, lending, and wealth management to consumers and businesses. Beyond conventional banking, Huntington Bancshares extends its services to areas such as insurance, investment management, and specialized financial advice, impacting sectors including retail, commercial, and small business banking. The institution operates through an extensive network of branches and ATMs, mostly concentrated across the Midwest and other strategic regions in the United States, fostering community engagement and local economic growth. Known for its customer-focused approach, Huntington Bancshares is lauded for transparent practices and innovative solutions like the 24-Hour Grace overdraft protection. In the financial markets, it plays a significant role, especially within the regional banking sector, offering stability and steady growth potential amidst evolving economic landscapes.