Veritex to be acquired by Huntington in $1.9B all-stock merger; 1.95x HBAN per share

Veritex Holdings, Inc.

Huntington to issue 1.95 shares per Veritex share; implies ~$33.91/share based on HBAN close of $17.39 on 7/11/25, total value ~$1.9B.
Deal expected to close early Q4 2025, subject to regulatory approvals and customary conditions; Veritex branches will operate under Huntington brand.
Veritex reported ~$13B assets, $9B loans, and $11B deposits as of March 31, 2025; operates 30+ branches in Dallas/Fort Worth and Houston.
Huntington preliminary Q2 2025 EPS $0.34 (flat QoQ, +13% YoY); NII $1.5B (+3% QoQ, +12% YoY); net charge-offs 0.20%.
Veritex CEO Malcolm Holland to join Huntington as non-executive Chairman of Texas; Huntington commits $10M to Texas philanthropic investments.

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