WaFd Projects 29% 2027 EPS Accretion From Proposed EverBank Merger

WaFd expects its proposed $3.9 billion reverse merger with EverBank to lift its 2027 earnings per share by about 29% after full cost synergies, while reshaping ownership of the combined bank. The projected gain depends on the full realization of expected cost synergies, or savings tied to the transaction. The companies also project a return on tangible common equity of about 15% for the combined bank after synergies. They estimate that tangible-book-value dilution would be recovered in about two years.

Source: TokenPost