$WAFD (WAFD) — 8-K: WaFd to merge with EverBank in $3.9 billion reverse merger, 29% EPS accretion expected in 2027

WaFd, Inc. and EverBank Financial Corp entered into a definitive merger agreement under which EverBank Financial Corp will merge into WaFd, Inc., with WaFd continuing as the resulting financial holding company and renaming to EverBank Financial Corp under ticker EVBK. EverBank Financial Corp will be designated as the accounting acquirer, and WaFd Bank will merge into EverBank, N.A. The transaction is expected to produce return on tangible common equity of approximately 15% after full cost synergies, approximately 29% EPS accretion for WaFd shareholders in 2027, and a tangible book value dilution earn-back period of under two years.

WaFd, Inc. and EverBank Financial Corp entered into a definitive merger agreement under which EverBank Financial Corp will merge into WaFd, Inc., with WaFd continuing as the resulting financial holdin