WaFd-EverBank Reverse Merger: 59.2%/40.8% Ownership Split, $75B Combined Bank
WAFD sits 42% above its 52-week low of $26.31.
Summary
WaFd and EverBank disclosed the terms of their reverse merger: EverBank investors will own 59.2% of the combined $75B-asset bank, WaFd stockholders 40.8%, with closing expected in Q1 2027 pending shareholder and regulatory approvals.
Key Events · M&A and Partnerships · WAFD
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Reverse Merger Terms Disclosed
EverBank Financial Corp merges into WaFd, Inc. (legal acquiror), then WaFd Bank merges into EverBank, NA (accounting acquiror). EverBank investors will own 59.2% of the combined company; WaFd stockholders 40.8%.
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Combined Scale
The merged bank will have over $75 billion in assets and $58 billion in deposits, creating the 7th largest midcap bank in the U.S. with more than 250 branches and a national digital platform.
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Leadership and Governance
EverBank CEO Greg Seibly becomes CEO of the combined bank; WaFd CEO Brent Beardall becomes President. The board will have 7 EverBank directors and 6 WaFd directors.
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Approvals and Timeline
Boards of both banks and EverBank's ownership group have approved the deal. Closing requires WaFd shareholder approval plus Federal Reserve and OCC approvals, expected in Q1 2027.
Analysis · WAFD · Finance
This filing quantifies the reverse merger announced yesterday: EverBank investors will own 59.2% of the combined company and WaFd stockholders 40.8%. The combined bank will hold over $75 billion in assets and $58 billion in deposits, making it the 7th largest midcap bank in the U.S. WaFd, Inc. is the legal acquiror but EverBank is the accounting acquiror — a structure that preserves WaFd's public listing under a new name (EverBank Financial Corp, ticker EVBK). The deal requires WaFd shareholder approval plus Federal Reserve and OCC sign-off, with closing expected in Q1 2027. For WaFd shareholders, this is a transformative event: they are ceding majority control to EverBank's private equity owners in exchange for scale, a national digital platform, and a leadership team led by EverBank's CEO Greg Seibly.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 42.4% of the 495 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. 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 9 out of 10.