secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001140361-26-003083
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 3.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/0001140361-26-003083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000114036126003083/ef20064500_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer