Entering text into the input field will update the search result below

Bryn Mawr Trust to buy Royal Bancshares

Jan. 31, 2017 9:33 AM ETWSFS Financial Corporation (WSFS) StockRBPABBy: Stephen Alpher, SA News Editor
  • There's some M&A activity in the Philadelphia suburbs this morning, with Bryn Mawr Bank (BMTC) agreeing to purchase Royal Bancshares of Pennsylvania (RBPAA) in a $127.7M all-stock deal.
  • The acquisition will add about $602M in loans and $630M in deposits to the Bryn Mawr balance sheet.
  • The deal terms represent 165.9% of Royal's adjusted tangible book valuer per share and 25x adjusted 2016 net income.
  • The purchase is expected to immediately be accretive to BMT's tangible book value per share, and to EPS during the first year (excluding merger-related expenses).
  • The stock prices of both banks are modestly lower in opening action.

Recommended For You

More Trending News

About WSFS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
WSFS--
WSFS Financial Corporation