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AI brief of an SEC Form 8-K · WaFd (WAFD)

WaFd to merge with EverBank in $3.9 billion deal

Mixed Impact 5 of 5 m&a Written later

On September 6, 2026, WaFd entered a merger agreement under which EverBank Financial Corp will merge into WaFd, with WaFd surviving and renamed EverBank Financial Corp. EverBank shareholders would receive WaFd shares, leaving EverBank holders with about 59.175% of the combined company and WaFd holders with about 40.825%, and the deal requires WaFd shareholder and regulatory approvals. WaFd expects approximately 29% EPS accretion in 2027, but its current shareholders would own a smaller share of the company.

Key points

  • Merger agreement dated September 6, 2026; EverBank shareholders approved it by written consent.
  • About 107.7 million WaFd shares estimated to be issued at closing; ownership split is fixed at 59.175% EverBank holders and 40.825% WaFd holders.
  • WaFd would pay a $101,060,629 cash termination fee in certain circumstances; either party may terminate if the merger is not completed by September 6, 2027.
  • Greg Seibly to serve as CEO and Brent Beardall as president; Robert Radway to be chairman; 13-member board. Closing expected in early 2027.

The filing

CompanyWaFd (WAFD)
Form8-K, current report
Filed with the SECSep 8, 2026, 6:05 AM ET
Accession number0001140361-26-035826

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.