Blue Ridge Bankshares rises on buyout deal with HomeTrust Bancshares
17/08/2026 15:06
BUZZ-Blue Ridge Bankshares rises on buyout deal with HomeTrust Bancshares ** Community lender Blue Ridge Bankshares' BRBS.A shares rise 7.1% to $3.95
** HomeTrust Bancshares HTB.N will buy BRBS in a $448.1 million all-stock deal to expand footprint into Virginia markets
** BRBS shareholders will receive 0.086 share of HTB for each share held, valuing Blue Ridge at $448.1 million, or $4.28 per share
** Deal creates combined commercial bank with over $7 billion in assets and over 60 locations across the U.S. Southeast
** HTB shares fall 5.1%
** Transaction expected to close early in Q1 2027 and boost EPS by roughly 30% assuming anticipated cost savings are fully achieved beginning in 2028
** As of last close, BRBS stock up 0.9% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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