Huntington Bancshares Receives Approval for Cadence Bank Merger, Expected to Close by February 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Merger Approval: Huntington Bancshares announced that the Office of the Comptroller of the Currency has approved its merger with Cadence Bank, expected to close on February 1, 2026, which will further solidify its market position.
- Transaction Details Undisclosed: Although the terms of the merger have not been disclosed, this move is anticipated to provide Huntington with greater economies of scale in the competitive financial services market.
- Positive Market Reaction: Huntington Bancshares closed at $17.92 on Monday, up $0.23 from the previous trading day, indicating a favorable market response to the merger announcement.
- Cadence Bank's Strong Performance: Cadence Bank closed at $44.19 on the New York Stock Exchange, reflecting a 1.14% increase, showcasing investor optimism regarding the merger's prospects.
CADE
$44.19+Infinity%1D
Analyst Views on CADE
Wall Street analysts forecast CADE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CADE is 43.67 USD with a low forecast of 39.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
6 Hold
0 Sell
Hold
Current: 43.690
Low
39.00
Averages
43.67
High
49.00
Current: 43.690
Low
39.00
Averages
43.67
High
49.00
About CADE
Cadence Bank (the Bank) is a regional financial services company with approximately 380 branch locations across the South and Texas. The Bank offers comprehensive banking, investment, trust and mortgage products and services to meet the needs of individuals, businesses and corporations. The Bank's services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, small business administration (SBA) lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management. The Bank’s personal banking services include checking, savings and certificates of deposit, credit cards, online and mobile banking, mortgages, and wealth management. It offers various business banking services, including business loans and lines of credit, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
