No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 7, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Huntington CFO on the strategic $1.9 billion deal to expand Texas footprint

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 4 mins read
A A
Huntington CFO on the strategic .9 billion deal to expand Texas footprint
Share on FacebookShare on TwitterShare on LInkedIn



Good morning. For CFOs navigating 2025’s uncertain landscape, strategic M&A remains one of the few levers for rapid growth—if executed with precision.

I spoke with Zachary Wasserman, CFO of Huntington Bancshares, a $210 billion regional bank holding company based in Columbus, Ohio, about how their latest Texas expansion fits into this new playbook.

Huntington (No. 375 on the Fortune 500) recently announced a definitive agreement to acquire Dallas-based Veritex Holdings, the parent company of Veritex Community Bank, for $1.9 billion in an all-stock deal. The transaction is expected to close in early Q4 2025. As of March 31, Veritex had approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits.

“This will significantly boost our Texas footprint,” Wasserman said. “Dallas-Fort Worth and Houston are tremendous growth markets, and Veritex’s deep local relationships are a perfect complement.” He described the acquisition as a springboard for growth, not only through expanding commercial lending but also by bringing Huntington’s full suite of services in treasury management, wealth, and capital markets to Veritex customers. “We’re excited to bring all of our branch banking and consumer digital offerings, including mortgage products, to these markets,” he added.

Even amid continued uncertainty, strategic M&A remains attractive. “Organic growth is always our top priority, and you can see that in our Q2 results—over 8% revenue growth and 20% EPS growth,” Wasserman explained. “But when acquisitions offer a compelling fit in strategy, culture, and financials, they can be a powerful accelerant. Texas is now our third-largest state, and with its economic growth, this deal positions us for significant expansion.”

KPMG’s recent midyear M&A survey finds that 74% of dealmakers expect M&A in 2025 to be more active than in 2024. Nearly 65% of dealmakers said they have changed their deal plans since the start of the year, with 22% saying they will do more deals, versus 18% saying they will do fewer deals. 

Post-acquisition integration is a top priority, Wasserman noted. “Our experience with prior acquisitions has made this a well-oiled process.” The Huntington executive team recently visited Dallas-Fort Worth and Houston to meet new colleagues and begin integration planning. Wasserman also said the missions and cultures of Huntington and Veritex are well aligned, which he believes is essential for a successful integration.

Q2 earnings

Huntington reported net income of $536 million for the second quarter, with earnings per share of $0.34, an increase of $0.04 year over year. The bank saw 12% growth in net interest income and a 3% increase from the previous quarter, driven by 8% total loan growth year over year, with 10% growth in commercial loans, and a net interest margin (NIM) expansion to 3.11% from 3% in the previous year.

“Most of the NIM expansion comes from optimized funding costs as rates have declined over the past year,” Wasserman said.

As the second quarter progressed, client uncertainty faded, Wasserman noted. “Tariff prospects improved, capital markets stabilized, and equity markets rebounded,” he said. “The economy continues to grow, prompting commercial clients to invest in their businesses, while consumers remain resilient.”

For the remainder of the year, Huntington’s strategy focuses on growing its fee-based businesses, including wealth management, payments, and capital markets. “The biggest risk continues to be the macro economy and geopolitical environment,” Wasserman said. “But what we’re seeing on the ground indicates a strong second half of the year.”

Sheryl [email protected]

Leaderboard

Brandy Richardson, CFO of Tailored Brands, Inc., an omnichannel specialty retailer of menswear, will be leaving to pursue another opportunity, effective July 25. Tailored Brands has launched a search for a successor. In the interim, the existing finance team will report to John Tighe, president and forthcoming chief executive officer. 

Adam Carson was appointed CFO of Finzly, a provider of modern payment infrastructure for financial institutions. Carson brings 20 years of experience. As CFO of Cyence, he helped navigate the company’s acquisition by Guidewire Software and played a key role in Barracuda Networks’ IPO as VP of finance and investor relations.

Big Deal

Nasdaq Verafin, which offers cloud-based solutions to help banks detect and combat financial crime, has launched a new team of digital workers. The organization announced its Agentic AI Workforce this morning—a suite that enables banks to execute complex tasks, including decision-making, with minimal supervision. According to Nasdaq Verafin, these digital workers are also designed to support anti-money laundering compliance by automating high-volume, low-value processes.

Verafin’s recent Global Financial Crime Report, based on a survey of more than 200 industry professionals, found that 75% of respondents increased their headcount in the past year to enhance financial crime prevention. However, nearly half still reported inadequate resources and technology for combating financial crime.

“The Agentic AI Workforce will allow compliance teams to shift their focus to the important work of tackling serious financial crimes,” said Rob Norris, SVP and head of product at Nasdaq Verafin.

Going deeper

On a recent episode of the Ripple Effect podcast, Wharton Professor Stefano Puntoni discusses how generative AI is reshaping not just tasks, but also the way employees psychologically relate to their work. Puntoni explores AI’s potential to either strengthen or undermine core human needs such as competence, autonomy, and connection. He also explains why a successful AI strategy requires more than just good technology—it demands clear leadership and authentic communication with employees.

Overheard

“I treat sleep prep like I would a workout or a board meeting, because when sleep slips, everything else does too.”

—Tom Pickett, the CEO of Headspace, a mental health platform, told Fortune in an interview. 



Source link

Tags: BillionCFOdealExpandfootprintHuntingtonStrategicTexas
ShareTweetShare
Previous Post

United resumes Israel flights today but fares stay high

Next Post

How Telegram Is Changing Access to Crypto Finance

Related Posts

edit post
Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

by TheAdviserMagazine
October 7, 2025
0

The Indian IT sector is under scrutiny as the earnings season kicks off. ET Now recently spoke with market expert...

edit post
Aehr Test Systems signals broad-based AI market growth opportunities with .5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

Aehr Test Systems signals broad-based AI market growth opportunities with $15.5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

by TheAdviserMagazine
October 6, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
Central banks keep buying yellow metal despite soaring price

Central banks keep buying yellow metal despite soaring price

by TheAdviserMagazine
October 6, 2025
0

Mumbai: Soaring gold prices have not deterred central banks from purchasing the precious metal as they resumed shopping in August,...

edit post
Introducing Fortune’s first-ever Most Influential Women Asia ranking

Introducing Fortune’s first-ever Most Influential Women Asia ranking

by TheAdviserMagazine
October 6, 2025
0

This year, Fortune’s Asia team is highlighting several women leaders who are showing influence and power beyond the corporate boardroom. ...

edit post
How a 2020 dinner in Davos set the stage for a ‘MAGA’ World Cup

How a 2020 dinner in Davos set the stage for a ‘MAGA’ World Cup

by TheAdviserMagazine
October 6, 2025
0

As the Premier League’s Chelsea was on its way to a shutout victory at the Club World Cup final in July, President Donald...

edit post
AI is becoming the ‘magic fix’ as America places ‘one big bet’ on it not being a bubble, market veteran warns 

AI is becoming the ‘magic fix’ as America places ‘one big bet’ on it not being a bubble, market veteran warns 

by TheAdviserMagazine
October 6, 2025
0

A lot is riding on the AI boom, and it isn’t just the stock market surge. AI is being touted...

Next Post
edit post
How Telegram Is Changing Access to Crypto Finance

How Telegram Is Changing Access to Crypto Finance

edit post
Gold hits new high for the month

Gold hits new high for the month

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
How to Request a Tax Transcript From the IRS

How to Request a Tax Transcript From the IRS

0
edit post
Quantum Computing Risks: How Investment Firms Can Protect Data Now

Quantum Computing Risks: How Investment Firms Can Protect Data Now

0
edit post
How Is TSA Affected by the Government Shutdown?

How Is TSA Affected by the Government Shutdown?

0
edit post
Ökosix will show its biodegradable plastic at TechCrunch Disrupt 2025

Ökosix will show its biodegradable plastic at TechCrunch Disrupt 2025

0
edit post
7 Big Questions Everyone’s Asking

7 Big Questions Everyone’s Asking

0
edit post
AllianceBernstein aims to double UHNW clients by 2029

AllianceBernstein aims to double UHNW clients by 2029

0
edit post
Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

October 7, 2025
edit post
7 Big Questions Everyone’s Asking

7 Big Questions Everyone’s Asking

October 7, 2025
edit post
Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

October 6, 2025
edit post
Aehr Test Systems signals broad-based AI market growth opportunities with .5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

Aehr Test Systems signals broad-based AI market growth opportunities with $15.5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

October 6, 2025
edit post
How Is TSA Affected by the Government Shutdown?

How Is TSA Affected by the Government Shutdown?

October 6, 2025
edit post
Central banks keep buying yellow metal despite soaring price

Central banks keep buying yellow metal despite soaring price

October 6, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal
  • 7 Big Questions Everyone’s Asking
  • Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.