Huntington Bancshares (HBAN) Enters Into a Definitive Agreement to Acquire Cadence Bank

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the Best Low Priced Stocks to Buy According to Analysts. On October 27, the company announced that it had entered into a definitive agreement for the acquisition of Cadence Bank, a $53 billion regional bank.

Huntington Bancshares (HBAN) Enters Into a Definitive Agreement to Acquire Cadence Bank

This marks a significant milestone in Huntington Bancshares Incorporated (NASDAQ:HBAN)’s strategic growth. This partnership, along with the acquisition of Veritex Community Bank, would give the company 5th deposit market share in Dallas, 5th deposit market share in Houston, and 8th deposit market share throughout the state of Texas.

This partnership will help Huntington Bancshares Incorporated (NASDAQ:HBAN) achieve a foothold in high-growth markets, creating a strong platform for further organic growth and investment.

Huntington Bancshares Incorporated (NASDAQ:HBAN) plans to maintain Cadence’s broad branch network, with no branch closures and a focus on making investments. In a separate release, the company highlighted that its Q3 2025 results demonstrated the strength of its differentiated operating model, thanks to the targeted growth investments and execution of core strategies.

While we acknowledge the potential of HBAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HBAN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.