M&A
confidence high
sentiment positive
materiality 0.75
Ameris Bancorp acquires Balboa Capital, all-cash deal; originations >$415M in 2021
Ameris Bancorp
- All-cash acquisition of Balboa Capital, a provider of online business lending solutions.
- Expected to be accretive to earnings with manageable tangible book value dilution and 4-year earn-back.
- Balboa Capital's 2021 originations expected to exceed $415M; company founded 1988, headquartered Costa Mesa, CA.
- Acquisition boosts Ameris Bank's small business lending, point-of-sale financing, and digital lending capabilities.