M&A
confidence high
sentiment positive
materiality 0.75
Capital Bancorp to acquire Integrated Financial Holdings for $66M in cash and stock, expects 17% EPS accretion
Capital Bancorp Inc
- Deal valued at $66M; IFH shareholders receive $5.36 cash + 1.115 CBNK shares per share; implied $27.66/sh.
- Expected 17% EPS accretion in 2025; TBV dilution ~5% earned back in ~1.8 years.
- Pro forma fee income to exceed 20% of total revenue; combined loan book ~38% C&I/owner-occupied CRE.
- IFH to distribute minority interest in Dogwood State Bank ($7.69/sh value) to its shareholders pre-close.
- Marc McConnell (IFH CEO) to join CBNK board; other IFH executives in leadership roles.