WaFd outlines EverBank merger, targets $75 billion pro forma bank franchise

Reuters2026/09/07 21:58

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WaFd outlined a planned all-stock merger with EverBank to create a $75 billion-asset, multi-channel banking franchise.
Pro forma balance sheet: $58 billion loans, $59 billion deposits, 82% insured.
Target metrics include about 29% EPS accretion in 2027E, 15%+ ROATCE, 45% efficiency ratio.
Transaction terms call for issuing 103,100,000 shares; pro forma ownership 59.2% EverBank, 40.8% WaFd.
Combined company to be renamed EverBank Financial Corp with ticker EVBK; anticipated closing in 1Q’27.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WaFd Inc. published the original content used to generate this news brief on September 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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WaFd outlines EverBank merger, targets $75 billion pro forma bank franchise

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