M&A
confidence high
sentiment neutral
materiality 0.70
LINKBANCORP completes Partners Bancorp merger; pro forma total assets $2.77B, EPS $0.50 for 9m 2023
LINKBANCORP, Inc.
- Merger closed Nov 30; Partners shareholders received 1.15 LINK shares per share; total consideration ~$135.8M.
- Pro forma combined assets $2.77B, deposits $2.36B, equity $258M as of Sep 30, 2023.
- Pro forma net income for 9m ended Sep 30, 2023: $18.3M ($0.50 EPS); FY2022: $25.6M ($0.80 EPS).
- Goodwill of $23M and core deposit intangible of $25.3M recorded; merger costs ~$10.9M plus $9.7M CECL provision.