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AI brief of an SEC Form 8-K · Huntington Bancshares (HBAN)

Huntington to buy Veritex in $1.9 billion all-stock deal; Q2 EPS $0.34 up 13% from a year ago

Positive Impact 5 of 5 m&a Written later

Huntington Bancshares agreed to acquire Texas bank holding company Veritex Holdings in an all-stock merger, with Huntington issuing 1.95 shares for each Veritex share. The deal implies $33.91 per Veritex share and an aggregate transaction value of $1.9 billion, and it is expected to close early in the fourth quarter of 2025 subject to regulatory approvals. Huntington also released preliminary second-quarter 2025 results, showing EPS up over 13% year over year, while the company said the deal is slightly dilutive to tangible book value per share.

Key points

  • Huntington will issue 1.95 shares for each Veritex share; based on Huntington's $17.39 closing price on July 11, 2025, the deal implies $33.91 per Veritex share
  • Expected to close early in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions
  • Preliminary Q2 2025 EPS of $0.34, unchanged from the prior quarter and up over 13% from the year-ago quarter; net interest income of $1.5 billion, up 12% from the year-ago quarter
  • Tangible book value per share of $9.13, up $0.33 from the prior quarter and $1.24 from a year ago; full results are due July 18, 2025

The filing

CompanyHuntington Bancshares (HBAN)
Form8-K, current report
Filed with the SECJul 14, 2025, 8:14 AM ET
Accession number0001140361-25-025732

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 14, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.