M&A
confidence high
sentiment positive
materiality 0.75
Home BancShares acquires Mountain Commerce Bancorp in $150M all-stock deal
HOME BANCSHARES INC
- HOMB to issue ~5.4M shares valued at ~$150.1M (based on $27.66 VWAP); MCBI shareholders receive 0.85 HOMB shares per MCBI share.
- Deal expected to be triple accretive: 2026 EPS +1.4%, 2027 EPS +3.0%, book value +0.7%, tangible book value +0.2%.
- Pro forma bank will have ~$25B assets, $17B loans, $19.2B deposits, entering Knoxville/Nashville/Johnson City MSAs.
- MCBI founder/CEO Bill Edwards to continue leading Tennessee operations under employment agreement; deal expected close first half 2026.
- Termination fee of $6M under certain conditions; voting agreements cover ~22.5% of MCBI shares.