M&A · Financials · National Commercial Banks
Glacier Bancorp, Inc. to acquire Guaranty Bancshares Inc
Announced Jun 24, 2025 · Closed Oct 1, 2025
Deal value$476M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$41.58 per share
Transaction
- Acquirer
- Glacier Bancorp, Inc. (GBCI)
- Target
- Guaranty Bancshares Inc (GNTY)
- Buyer type
- Strategic
- Offer price per share
- $41.58
- Enterprise value
- —
- Status
- Closed Oct 1, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Stifel
- Stifel fee
- $8.1M
Sector context · Financials
- Comparable deals
- 60 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 11.7x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedJun 24, 2025
- Proxy filedAug 14, 2025
- Definitive proxyAug 14, 2025
- Shareholder voteSep 17, 2025
- ClosedOct 1, 2025
Valuation · fairness opinions
Discounted cash flow$34.82$45.21
Discounted cash flow$32.78$43.38
Discounted cash flow$38.66$49.62
Offer $41.58
Implied value per Guaranty Bancshares Inc share by analysis, from Stifel · DCF discount rate 12.5%–14.5%.