WAFD: A $75B-asset merger delivers strong EPS accretion, cost synergies, and national scale

WaFd Inc., parent of WaFd Bank, plans to move its holding company headquarters to Bellevue, Washington, within 18 months. The move follows a $3.9B reverse merger with EverBank, which will trade as EVBK on Nasdaq. WaFd reported $27.6B in total assets as of June 30, 2026. The company cited Bellevue's business-friendly environment and Seattle's challenges as reasons for the relocation.

WaFd (WAFD) is merging with EverBank (EVER) in a $3.9 billion deal, creating a $75 billion bank with 254 branches. The merger, expected to close in early 2027, will see WaFd rebrand as EverBank and trade under the ticker EVBK. EverBank shareholders will own 59.2% of the combined company.

EverBank Financial will merge with WaFd, Inc. (WAFD) in a $3.9B deal, creating a regional bank with $75B in assets. WaFd will retain its Nasdaq listing but adopt EverBank's name and EVBK ticker. The combined entity aims to leverage EverBank's digital platform and WaFd's branch network, targeting 15% return on tangible equity post-synergies. Regulatory and shareholder approvals are pending.

WaFd, Inc. will merge with EverBank Financial Corp, rebranding as EverBank Financial Corporation. The deal, pending regulatory approval, is expected to close in early 2027. WaFd's CEO anticipates improved shareholder returns and strategic benefits. Both banks aim to shift focus toward commercial banking and wealth management.

WaFd (WAFD) and EverBank agreed to a $3.9b reverse merger, creating EverBank Financial Corp with ~$75b in assets. The deal aims to expand commercial banking, diversify offerings, and increase EPS for WaFd shareholders. The merger is expected to close in Q1 2027, subject to approvals.

WaFd Inc. (WAFD) and EverBank Financial Corp. (EVER) announced a merger to address their respective challenges. The combined entity, valued at $75B, aims to generate $788M in net income in 2027, a 14.5% increase. The deal is expected to close in Q1 2027, with the merged company focusing on commercial loans and selling WaFd's residential portfolio. According to Piper Sandler, the merger is expected to be highly accretive to WaFd's earnings per share.