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COLUMBUS/DALLAS - Huntington Bancshares Incorporated (NASDAQ:HBAN) and Veritex Holdings, Inc. (NASDAQ:VBTX) announced Friday that they have received all required regulatory approvals for their proposed merger, with the transaction expected to close on October 20, 2025. According to InvestingPro data, Huntington, currently valued at $25.26 billion, has seen its stock surge nearly 30% over the past six months, reflecting strong investor confidence in its growth strategy.
The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved the merger of Veritex into Huntington, as well as the merger of Veritex Community Bank into The Huntington National Bank.
Veritex shareholders previously approved the transaction at a special meeting held on September 22, 2025. The merger remains subject to satisfaction or waiver of customary closing conditions outlined in the merger agreement.
Huntington, headquartered in Columbus, Ohio, is a $208 billion asset regional bank holding company founded in 1866. The bank operates 971 branches across 13 states, offering banking, payments, wealth management, and risk management services. Trading at a P/E ratio of 12.85, Huntington has maintained dividend payments for 55 consecutive years, demonstrating remarkable financial stability.
Veritex, based in Dallas, Texas, operates as a bank holding company through its subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and Houston metropolitan area.
The announcement comes after months of regulatory review following the initial merger agreement between the two financial institutions. The combined entity will maintain Huntington’s name and corporate structure, with Huntington continuing as the surviving corporation.
This information is based on a press release statement issued by the companies.
In other recent news, Huntington Bancshares received approval from the Federal Reserve to acquire Veritex Holdings, enabling the company to expand its operations into Texas. This merger will integrate Huntington’s $207.7 billion in consolidated assets with Veritex’s $12.5 billion in assets. Additionally, Huntington Bancshares announced a decrease in its prime rate from 7.5 percent to 7.25 percent, effective September 18, 2025. Analysts have provided mixed assessments of the company’s stock. Keefe, Bruyette & Woods maintained a Market Perform rating, noting continued loan growth momentum with third-quarter expectations surpassing forecasts. Meanwhile, BofA Securities raised its price target for Huntington Bancshares to $20.00, maintaining a Buy rating, citing confidence in revenue growth and increased investor interest. KBW also reiterated its Market Perform rating, highlighting strong business momentum and growth in loans and deposits. These developments reflect a dynamic period for Huntington Bancshares as it navigates strategic expansions and financial adjustments.
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