Blue Ridge Bankshares rises on buyout deal with HomeTrust Bancshares
BRBS•Deal terms and expected impact
BRBS shareholders will receive 0.086 share of HTB for each share held, valuing Blue Ridge at $448.1 million, or $4.28 per share.
The deal creates a combined commercial bank with over $7 billion in assets and over 60 locations across the U.S. Southeast.
HTB shares fall 5.1%.
The transaction is expected to close early in Q1 2027 and boost EPS by roughly 30% assuming anticipated cost savings are fully achieved beginning in 2028.
As of last close, BRBS stock was up 0.9% year to date.
Blue Ridge shares rise on HomeTrust buyout
Community lender Blue Ridge Bankshares' BRBS.A shares rise 7.1% to $3.95.
HomeTrust Bancshares HTB.N will buy BRBS in a $448.1 million all-stock deal to expand footprint into Virginia markets.
