Regional lenders at the heart of last year’s banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny.
The banks, generally with assets between $10 billion and $100 billion, have struck 38 deals so far this year, compared with 29 during the same period last year, according to Dealogic data.
More than two-thirds of lenders in the KBW Regional Banking Index (.KRX), opens new tab have a greater than 50% chance of being acquired over the next 12 months, according to a Reuters analysis of StarMine M&A data provided by LSEG. The model assigns target scores based on fundamentals, share price valuations and other factors.
Source: REUTER
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