OtherSep 7, 2026Pending
🇺🇸 United States
EFEverBank Financial CorpWWaFd, Inc.
Financial Institutions › Banks
Equity value$3.9BEquity value
AnnouncedSep 7, 2026
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
WaFd, Inc. agreed to acquire EverBank Financial Corp in a reverse merger valued at $3.9 billion, with EverBank merging into WaFd and EverBank shareholders receiving common stock in WaFd.
Deal rationale
The combination is expected to create a stronger bank with improved profitability, significant EPS accretion, and enhanced value creation for shareholders.
AI-generated from the SEC filingPendingFinancial Institutions › BanksUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $3.9B | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
SStifel
Sell-side
JPJ.P. Morgan
Parties
Target
EFEverBank Financial Corp
- Headquarters
- United States
- Ticker
- —
Acquirer
WWaFd, Inc.
- Headquarters
- United States
- Ticker
- —