BLUE RIDGE BANKSHARES, INC. 8K

HomeTrust Bancshares, Inc. agreed to acquire Blue Ridge Bankshares, Inc. in an all-stock merger valued at about $448.1 million, expanding into Virginia and creating a $7+ billion-asset regional bank expected to close in early 2027.

On August 17, 2026, HomeTrust Bancshares, Inc. (NYSE: HTB) and Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) announced that they have entered into a definitive merger agreement under which HomeTrust will acquire Blue Ridge in an all‑stock transaction valued at approximately $448.1 million, with Blue Ridge shareholders receiving 0.086 shares of HomeTrust common stock for each Blue Ridge share. Based on HomeTrust’s five‑day VWAP of $49.82 as of August 14, 2026, the consideration equates to about $4.28 per Blue Ridge share, and the combined bank is expected to have over $7 billion in assets and more than 60 locations across the Southeast, significantly expanding HomeTrust’s presence in Virginia. At closing, existing HomeTrust stockholders are expected to own roughly 65% and Blue Ridge shareholders about 35% of the combined company, with two Blue Ridge directors joining the boards of HomeTrust and HomeTrust Bank, and certain Blue Ridge warrant holders exchanging their warrants for HomeTrust stock or new HomeTrust warrants. The transaction, intended to qualify as a tax‑free reorganization, is expected to close early in the first quarter of 2027, subject to regulatory and shareholder approvals, and is projected to be approximately 30% accretive to earnings per share by 2028 following full realization of anticipated cost savings, with an estimated 8.3% dilution to tangible book value per share at closing and a tangible book value earn‑back period of about 3.25 years.

Filing Facts

CIK

842717

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-353285

Alert Tier

8