What Happened?
Shares of texas-based bank holding company Veritex Holdings (NASDAQGM:VBTX) jumped 19.4% in the morning session after it was announced that the company will be acquired by Huntington Bancshares (HBAN) in a $1.9 billion all-stock transaction.
The deal saw Huntington exchange 1.95 of its shares for each share of Veritex. Based on Huntington's closing price on July 11, 2025, this implied a value of $33.91 per Veritex share, representing a significant premium for shareholders and explaining the stock's sharp upward move. The acquisition was a strategic move for Huntington to accelerate its growth in key Texas markets, including Dallas/Fort Worth and Houston, where Veritex had a strong presence with over 30 branches. The deal added approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits to Huntington's portfolio. The transaction was expected to close in the fourth quarter of 2025, pending regulatory approvals.
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What Is The Market Telling Us
Veritex Holdings’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for Veritex Holdings and indicate this news significantly impacted the market’s perception of the business.
Veritex Holdings is up 23.9% since the beginning of the year, and at $32.69 per share, has set a new 52-week high. Investors who bought $1,000 worth of Veritex Holdings’s shares 5 years ago would now be looking at an investment worth $2,062.
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