---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-003083"
form_type: "8-K"
ticker: "HBAN"
cik: "0000049196"
company_name: "HUNTINGTON BANCSHARES INC /MD/"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:47:59.253667+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Huntington completes Cadence Bank acquisition; issues ~462M shares, adds 3 directors

## Summary
- Effective Feb 1, 2026, each Cadence share converted to 2.475 Huntington common shares.
- Total consideration ~462M Huntington common shares; combined assets ~$279B, deposits $221B, loans $187B.
- 390 Cadence branches retained; no branch closures; network expands to 21 states with ~1,400 locations.
- Board expanded to 15; appointed former Cadence directors James Rollins, Virginia Hepner, Alice Rodriguez.
- Rollins receives $10M lump sum, $6M yr1/$5M yr2/$4M yr3 annual fees; Series L preferred 6.9M depositary shares issued.

## SEC filing metadata
- accession: 0001140361-26-003083
- form_type: 8-K
- ticker: HBAN
- cik: 0000049196
- company_name: HUNTINGTON BANCSHARES INC /MD/
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.03, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/0001140361-26-003083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/ef20064500_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-003083
- JSON: https://secwatch.observer/filing/0001140361-26-003083.json
- Plain text: https://secwatch.observer/filing/0001140361-26-003083.txt

## Source-grounded claims
- claim_id: ffb87a720ee2c818632e412dc36b026a05bce861
  claim: HUNTINGTON BANCSHARES INC /MD/: Filed Articles Supplementary to establish Huntington Series L Preferred Stock (effective 2026-02-01).
  evidence_excerpt: In connection with the Merger, the Company filed the Articles Supplementary with the Maryland Department, supplementing the Charter by establishing the Huntington Series L Preferred Stock consisting of 6,900 authorized shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/0001140361-26-003083-index.htm
- claim_id: 5c429779c467213e2f234720c86faa80cccbd6d8
  claim: HUNTINGTON BANCSHARES INC /MD/ completed an acquisition involving Cadence Bank for 462 million shares of Huntington Common Stock and shares of Huntington Series L Preferred Stock (closed 2026-02-01).
  evidence_excerpt: of the Merger Agreement, a copy of which is filed as Exhibit 2.1 and incorporated herein by reference. The total aggregate consideration payable in the Merger was approximately 462 million shares of Huntington Common Stock. The issuance of shares of Huntington Common Stock and Huntington Series L Preferred Stock in connection with the Merger was registered under
  evidence_url: https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/0001140361-26-003083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.