M&A · Financials · State Commercial Banks
Huntington Bancshares Inc to acquire Veritex Holdings, Inc.
Announced Jul 14, 2025 · Closed Oct 20, 2025
Deal value$1.90B
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$33.91 per share
Transaction
- Acquirer
- Huntington Bancshares Inc (HBAN)
- Target
- Veritex Holdings, Inc. (VBTX)
- Buyer type
- Strategic
- Offer price per share
- $33.91
- Enterprise value
- —
- Status
- Closed Oct 20, 2025
Deal protections
- Break fee (target pays)
- $56.0M · 2.9%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Evercore, Commerce Street Capital
- To the target
- Stifel
- Stifel fee
- $3.5M
Sector context · Financials
- Comparable deals
- 60 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 11.7x
- Break fee
- 2.9% vs. 3.7% sector median
Timeline
- AnnouncedJul 14, 2025
- Proxy filedAug 15, 2025
- Definitive proxyAug 15, 2025
- Shareholder voteSep 22, 2025
- ClosedOct 20, 2025
Valuation · fairness opinions
Discounted cash flow$22.11$30.04
Discounted cash flow$14.63$20.28
Offer $33.91
Implied value per Veritex Holdings, Inc. share by analysis, from Stifel · DCF discount rate 12%–14%.