NewsMV

EverBank and WaFd agree to $3.9 billion reverse merger, combined company to list on Nasdaq as EVBK

9/9/2026

A $3.9 billion definitive merger agreement announced Monday will fold EverBank Financial Corp into WaFd, Inc., creating a combined holding company that rebrands as EverBank Financial Corp and lists on Nasdaq as EVBK.

WaFd is the legal survivor at the holding company level while EverBank carries the accounting-acquirer designation.

Regulatory approval and a WaFd shareholder vote stand between the announcement and an expected early-2027 close. The ownership split frames the setup from day one.

When the transaction closes, EverBank investors, including funds managed by Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street, and Bayview Asset Management, along with TIAA, are expected to hold roughly 59.2% of the combined entity.