08:30 AM EDT, 07/14/2025 (MT Newswires) -- Huntington Bancshares ( HBAN ) has entered into an agreement to acquire Veritex ( VBTX ) in an all-stock deal valued at $1.9 billion, the companies said Monday.

Under the terms of the deal, Huntington will issue 1.95 shares for each outstanding share of Veritex ( VBTX ). The consideration implies $33.91 per Veritex ( VBTX ) share, according to a joint statement.

The deal is expected to be "modestly" accretive to Huntington's earnings per share and close in early Q4, subject to regulatory approvals and customary closing conditions, the companies said.

Veritex ( VBTX ) teams and branches will operate under the Huntington Bank name and brand following its conversion, the companies added.