Veritex Holdings Soars 17.44% on Huntington Bancshares Acquisition

On July 14, 2025, Veritex Holdings saw a significant pre-market rise of 17.44%, driven by the announcement of its acquisition by Huntington Bancshares in an all-stock transaction valued at $1.9 billion.

Huntington Bancshares' acquisition of Veritex Holdings is a strategic move to expand its presence in high-growth Texas markets, particularly Dallas/Fort Worth and Houston. The deal, valued at $1.9 billion, involves Huntington issuing 1.95 shares for each Veritex share, implying $33.91 per share. This acquisition adds $13 billion in assets, $9 billion in loans, and $11 billion in deposits to Huntington's portfolio, significantly accelerating its growth in the region.

The transaction is expected to close in early Q4 2025 and is seen as modestly accretive to earnings with a tangible book value dilution payback period of approximately one year. Huntington's preliminary Q2 2025 results show strong fundamentals, with EPS growing 13% year-over-year to $0.34, net interest income increasing 12% to $1.5 billion, and robust loan and deposit growth of 8% and 6% respectively. The deal also includes a $10 million philanthropic investment, demonstrating Huntington's commitment to the community and potentially smoothing the regulatory approval process.