M&A
confidence high
sentiment positive
materiality 0.75
Axos Bank to acquire Verdant Commercial Capital for $43.5M; expects EPS accretion of 2-3% in FY2026
Axos Financial, Inc.
- Axos Bank signs agreement to buy 100% of Verdant, an equipment leasing company with $1.1B loan/lease portfolio as of Aug 31, 2025.
- Purchase price includes $4M premium to book value (10% premium); $43.5M paid in cash at close expected Sept 30, 2025.
- Earn-out: seller can receive up to $50M in performance-based cash if VCC ROE exceeds 15% over four years.
- Transaction expected to be accretive to EPS by 2-3% in fiscal 2026 and 5-6% in fiscal 2027 after funding cost savings.
- Axos plans to cross-sell commercial deposits and floorplan lending across Verdant's six industry verticals.