M&A
confidence high
sentiment neutral
materiality 0.85
Huntington completes Cadence acquisition; pro forma diluted EPS $1.28
HUNTINGTON BANCSHARES INC /MD/
- Deal closed Feb 1, 2026; Cadence shareholders received 2.475 HBAN shares per Cadence share in 100% stock transaction.
- Preliminary purchase consideration ~$8.34B; goodwill estimated at $3.48B.
- Pro forma combined assets $280.7B; net income applicable to common $2.53B for year ended Dec 31, 2025.
- Pro forma diluted EPS $1.28 vs Huntington standalone $1.39; no integration savings reflected.
- Cadence audited financials for 2023-2025 filed as Exhibit 99.1; historical goodwill of $1.5B eliminated.