M&A · Financials · State Commercial Banks
HomeTrust Bancshares, Inc. to acquire Blue Ridge Bankshares, Inc.
Announced Aug 17, 2026 · Pending Nov 3, 2026
Deal value$448M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$4.28 per share
Transaction
- Acquirer
- HomeTrust Bancshares, Inc. (HTB)
- Target
- Blue Ridge Bankshares, Inc. (BRBS)
- Buyer type
- Strategic
- Offer price per share
- $4.28
- Enterprise value
- —
- Status
- Pending Nov 3, 2026
Deal protections
- Break fee (target pays)
- $18.0M · 4.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Piper Sandler
- To the target
- Stephens
- Piper Sandler fee
- $3.8M
Sector context · Financials
- Comparable deals
- 81 in the prior 24 months
- Premium
- Sector median 33.5%
- EV / Adj. EBITDA
- Sector median 13.7x
- Break fee
- 4.0% vs. 3.7% sector median
Timeline
- AnnouncedAug 17, 2026
- Proxy filedNov 3, 2026
- Definitive proxyNov 3, 2026
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Precedent transactionsPiper Sandler$1.63$2.88
Precedent transactionsPiper Sandler$2.38$4.18
Trading comparables$3.68$4.92
Trading comparables$3.20$4.28
Trading comparables$1.98$2.35
Trading comparables$3.43$4.23
Trading comparables$2.98$3.68
Offer $4.28
Implied value per Blue Ridge Bankshares, Inc. share by analysis, from Piper Sandler · DCF discount rate 9.5%–11.5%.