Company: HBAN
Filing Date: 2025-10-28
Form Type: 425
Source: 0001140361-25-039508
Chunk: 13

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 425
Chunk 13
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's a great question. We have targeted growth in Texas, and that was the genesis of the Veritex partnership. We like Texas for lots of reasons, including its history of growth and the outlook. And as we -- we're very, very strong and substantial in the Midwest. As we looked at extending, Texas was the ideal next location for us to focus on since we've been investing in North and South Carolina and growing organically at a great rate in those 2 states. So we feel very fortunate to have had the opportunity to combine with Veritex and now Cadence. The Texaplex complex that Brant described is illustrative of just the focus that we've had. This is exactly where we ideally would like to be with our distribution and our colleagues in terms of economic activity in the state of Texas. It is really fortunate for us that Cadence chose us as a partner because they have strong share -- lead share in Mississippi, strong share in a couple of other states, top 10 share, and they also have some very high-growth cities that we'll have footholds in. And much like we've done -- we are doing in North and South Carolina, we expect to grow those organically in the years ahead. So very, very optimistic about our ability to grow successfully in -- frankly, in all these markets, and we're excited and thrilled to be there. Brantley J. Standridge Senior EVP and President of Consumer & Regional Banking Manan, on Slide 7 of the presentation, what we've tried to highlight is the model -- the operating model that we've described can be successful in markets where we have a lot of scale, and it also can be quite successful in markets where we've historically had limited scale. And so Texas, obviously, will have a lot more scale now, and we can accelerate that growth, but it doesn't take away from the high-growth areas that we have, where we have limited scale. This model works there and can create growth, and you see that highlighted on Slide 7. Manan Gosalia Morgan Stanley, Research Division Great. And then maybe as a follow-up. Can you talk a little bit more about the integration process? You disclosed Veritex. Now you're buying Cadence, which is also in the process of integrating a couple of acquisitions. Does that make the integration process a little bit more challenging or maybe it takes a little bit longer. Can you just speak to that? Brantley J. Standridge Senior EVP and