Bank merger and acquisition
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Fifth Third to Buy Comerica: A Bold Bet on Scale & Diversification
ZACKSยท 2025-10-07 17:25
Key Takeaways Fifth Third will acquire Comerica in an all-stock deal worth $10.9 billion, closing in early 2026.The impending merger expands FITB's footprint to 17 of the 20 fastest-growing U.S. markets. FITB targets $850M in annual cost synergies and expects the deal to lift EPS 9% by 2027. In one of the most consequential banking moves of 2025, Fifth Third Bancorp ((FITB) entered a definitive merger agreement to acquire Comerica Incorporated ((CMA) in an all-stock transaction valued at $10.9 billion. The ...
Glacier Bancorp (GBCI) Earnings Call Presentation
2025-06-25 06:51
Transaction Overview - Glacier Bancorp, Inc will acquire Guaranty Bancshares, Inc, expanding into Texas [8] - The transaction marks Glacier's entrance into Texas, a complementary state of operation [8] - Guaranty Bank & Trust will operate as Glacier's 18th separate bank division [8] - The deal is expected to be immediately accretive to EPS with minimal dilution to tangible book value per share and an earnback period of less than 1 year [8] - The deal is expected to have an internal rate of return (IRR) of approximately 20% [8] - Cost savings are estimated at 20% of GNTY's noninterest expense [8] Guaranty Bancshares Overview - Guaranty Bank & Trust has $3.2 billion in assets and 33 branches located throughout East Texas, Dallas/Fort Worth, Houston, Austin and Bryan/College Station [8] - Guaranty has $2.704 billion in deposits, with a 31.3% noninterest bearing deposits to total deposits [20] - Guaranty's net interest margin (NIM) is 3.70% [11] - Guaranty's gross loans HFI is $2.108 billion [20]