M&A
confidence high
sentiment positive
materiality 0.85
Home BancShares to acquire Happy Bancshares for ~$919M in stock; triple accretive
HOME BANCSHARES INC
- All-stock deal: 2.17 HOMB shares per Happy share; aggregate value ~$919M.
- Transaction expected to close in Q1 2022; subject to shareholder and regulatory approvals.
- Triple accretive: EPS accretion of 5.5% in 2022, 9.2% in 2023; book value +5.1%.
- Pro forma bank: ~$23.3B assets, $18.7B deposits, 222 branches in 5 states.
- J. Pat Hickman to join HOMB board; Mikel Williamson joins Centennial Bank executive team.