HomeTrust agrees to buy Blue Ridge Bankshares in $448.1 million all-stock deal
HTB•HomeTrust agrees to buy Blue Ridge Bankshares
- HomeTrust agreed to buy Blue Ridge Bankshares in an all-stock deal valued at about $448.1 million.
- Blue Ridge holders are to receive 0.086 HomeTrust shares per share, implying $4.28 per share based on Aug. 14 pricing.
- The combined bank is expected to exceed $7 billion in assets with more than 60 locations across the Southeast, expanding into Virginia.
- The deal is expected to close in early Q1 2027 and is projected to be about 30% EPS accretive once cost savings are fully realized in 2028.
- HomeTrust estimates 8.3% tangible book value per-share dilution at close, with a roughly 3.25-year earn-back period.
