CFOs face a challenging landscape in 2025, with strategic M&A representing a crucial avenue for growth. Huntington Bancshares plans to acquire Veritex Holdings for $1.9 billion, enhancing its presence in Texas. The acquisition is projected to close in early Q4 2025, adding significant assets, loans, and deposits to Huntington. CFO Zachary Wasserman emphasized the importance of strategic fit and local market opportunities in this expansion, aligning with broader expectations for increased M&A activity in 2025, according to KPMG's survey results.
"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."
"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."
KPMG's recent midyear M&A survey finds that 74% of dealmakers expect M&A in 2025 to be more active than in 2024.
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.
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