Huntington completes Cadence Bank merger, issuing about 462 million shares

Huntington Bancshares completed its acquisition of Cadence Bank effective February 1, 2026, with Cadence merging into The Huntington National Bank. Each Cadence common share was converted into 2.475 Huntington common shares, and the board expanded to 15 directors with three former Cadence directors added.

Key points

• Each Cadence common share converted into 2.475 Huntington common shares; the total consideration was approximately 462 million Huntington shares.
• Huntington issued 6,900 shares of its 5.50% Series L Preferred Stock, represented by 6,900,000 depositary shares, to former Cadence preferred holders.
• Three former Cadence directors, James D. Rollins III, Virginia A. Hepner and Alice Rodriguez, joined the board, which grew to 15 members.
• Cadence customer accounts are expected to convert to Huntington systems in mid-2026; the company said it intends to keep Cadence's 390 branches open.

The filing

Items reported: 2.01 Acquisition or Disposition Completed3.03 Change to Shareholder Rights5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

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 February 02, 2026.

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.