Key facts
- Huntington Bancshares' acquisition of Cadence Bank on February 2 significantly increased its commercial real estate (CRE) holdings.
- The addition of Cadence's CRE loans boosted Huntington's CRE book by 60% to $24.3 billion.
- Commercial real estate now constitutes 12.9% of Huntington's total loans and leases, a 2.7 percentage point increase.
- The report notes that delinquencies in the CRE sector have reached an eight-year high.
Huntington Bancshares' commercial real estate (CRE) holdings have surged following its acquisition of Cadence Bank on February 2. The addition of Cadence's CRE loans propelled Huntington's CRE book by 60% quarter-on-quarter to $24.3 billion. Consequently, CRE now accounts for 12.9% of the bank's total loans and leases, an increase of 2.7 percentage points. This expansion occurs against a backdrop of an eight-year high in CRE delinquencies.