Key takeaway: The Columbus, Ohio, company completed the Cadence system conversion in late June, which should serve as a springboard to higher growth in the third and fourth quarters, executives said.
Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence.
Expert quote: "This was the largest conversion we've ever done. It was the fastest we've ever done, and it was the best we've done, at least in my tenure." — Huntington Chairman and CEO Steve Steinour
While higher funding costs left their mark on Huntington Bancshares' second-quarter results, the Columbus, Ohio-based company is forecasting a strong finish to 2026 now that its most recent merger-related conversion is complete.
Business should pick up in the third quarter before peaking during the final three months of 2026, Chief Financial Officer Zach Wasserman said Thursday on a conference call with **** ysts.
#conversion #huntington #we 've
Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence.
Expert quote: "This was the largest conversion we've ever done. It was the fastest we've ever done, and it was the best we've done, at least in my tenure." — Huntington Chairman and CEO Steve Steinour
While higher funding costs left their mark on Huntington Bancshares' second-quarter results, the Columbus, Ohio-based company is forecasting a strong finish to 2026 now that its most recent merger-related conversion is complete.
Business should pick up in the third quarter before peaking during the final three months of 2026, Chief Financial Officer Zach Wasserman said Thursday on a conference call with **** ysts.
#conversion #huntington #we 've
2 months ago
