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Investing.com -- Huntington Bancshares (NASDAQ:HBAN) has reached an agreement to purchase Cadence Bank (NYSE:CADE) in an all-stock transaction valued at $7.4 billion, according to a Wall Street Journal report on Monday.
The banking sector has seen increased merger activity throughout 2025, with financial institutions pursuing greater scale, efficiency, and stability.
These consolidation efforts come as banks anticipate potential regulatory relief. Mid-sized banking institutions are particularly active in seeking mergers to build the scale necessary to compete against the largest Wall Street banks.
In an interview with the Wall Street Journal, Huntington CEO Steve Steinour described the Cadence acquisition as an "important next stage" for the company.
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