WaFd, Inc. Enters $3.9 Billion Reverse Merger with EverBank Financial Corp
WaFd, Inc. and EverBank Financial Corp announced a $3.9 billion reverse merger transaction. The combination is expected to enhance the performance and returns of both financial institutions.
WaFd, Inc. (NASDAQ: WAFD) and EverBank Financial Corp have entered into a definitive agreement for a $3.9 billion reverse merger transaction. The combination is expected to position the combined entity for strong performance and returns.
The merger is anticipated to result in significant earnings per share (EPS) accretion starting in 2027. Both WaFd and EverBank operate in the financial services sector, and the deal aims to leverage synergies and strengthen market presence.
EverBank Financial Corp is the parent company of EverBank, N.A., while WaFd, Inc. is the parent company of the Seattle-based bank. Further details regarding the transaction and its expected closing date will be disclosed upon completion of regulatory approvals and shareholder votes.