Huntington Bancshares Inc
HBAN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.# | LOCK|Y>n | LOCK|mf@$>$ |
Huntington: Veritex Holdings Acquisition Will Expand Its Texas Market, but Price Is a Bit High
Huntington Bancshares announced that it expects to purchase Texas-based Veritex Holdings for $1.9 billion in an all-stock acquisition and targets to close in fourth-quarter 2025. In addition, the firm announced preliminary results, which included 8% revenue growth and 13% earnings per share growth.
