WaFd-EverBank Merger Details: $75B Combined Bank, 15% ROTCE Target, Both CEOs Stay
WAFD sits 42% above its 52-week low of $26.31.
Summary
WaFd and EverBank disclosed new merger details: a $75 billion combined bank with 15% ROTCE target, both CEOs staying, and modest 11% cost synergies on $1.1 billion in combined operating expenses.
Key Events · M&A and Partnerships · WAFD
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Combined Bank to Reach $75B in Assets
The merger creates a $75 billion institution, combining WaFd's 225 branches with EverBank's 40 branches and $10 billion in Florida deposits.
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ROTCE to Rise from 11% to 15%
Return on tangible common equity is projected to improve from just under 11% to almost 15%, a nearly 50% increase in shareholder returns.
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Both CEOs Remain with Combined Company
Brent Beardall and Greg Seibly will both stay, an unusual arrangement that signals leadership continuity and integration stability.
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Modest 11% Cost Synergy Target
Combined operating expenses of $1.1 billion with only 11% targeted synergies suggests a low-disruption integration that preserves jobs.
Analysis · WAFD · Finance
This employee interview adds substantive new details to the reverse merger announced yesterday. The combined entity will reach $75 billion in assets, with return on tangible common equity projected to rise from just under 11% to almost 15% — a nearly 50% improvement in shareholder returns. Both CEOs will remain, an unusual arrangement that signals integration stability. The $1.1 billion combined operating expense base with only 11% targeted synergies suggests a relatively low-cost integration, preserving jobs and minimizing disruption. For a $2.7 billion market cap bank, this transformative deal reshapes the competitive landscape, positioning the combined entity to compete with larger regional banks.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.8% of the 1618 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WAFD was trading at $37.30 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $26.31 to $39.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.