Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

S&P Bank M&A 2023 Deal Tracker: Only 4 Deals Announced In May

ValueWalk 
0 0 16.06.23
S&P Bank M&A 2023 Deal Tracker: Only 4 Deals Announced In May: https://www.valuewalk.com/wp-content/uploads/2023/06/bank-MA-2.jpg
 

According to the S&P Global Market Intelligence, US bank M&A deals hit another monthly low in 2023 with only four deals announced in May.

bank M&A

Key highlights from the analysis include:

  • In the year through May 31, there were 32 US bank M&A deals announced, fewer than half of the 66 deals announced over the same period in 2022.
  • Aggregate disclosed deal value fell to $580.2 million, from $2.99 billion in the year-ago period.
  • Three of the banks targeted in May were headquartered in the Midwest, pushing the region’s total number of targets this year to 19. LCNB Corp. (NASDAQ:LCNB)’s announcement on May 18 to acquire Cincinnati Bancorp Inc (OTCMKTS:CNNB) also marked the fourth time an Ohio bank has been targeted this year, making it the second-most popular target after Illinois at five.
  • The median deal value-to-tangible common equity ratio for bank deals announced in the first five months of 2023 was 130.6%.
bank M&A

Source valuewalk

Like: 0
Share

Comments

Not a member yet? Sign up for free!