Subscribe to PCE Communications
    Choose Your Subscription

    Banking, Finance & Insurance Q2 2020

    Q2 2020 Banking Finance Insurance

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • CenterState Bank Corporation
    • South State Corporation
    • $3,186.61
    • Opus Bank
    • Pacific Premier Bank
    • $1,088.25
    • Carolina Financial Corporation
    • United Bankshares, Inc.
    • $1,009.60
    • IAS Parent Holdings, Inc.
    • iA Financial Corporation Inc.
    • $719.90
    • Revere Bank
    • Sandy Spring Bank, Inc.
    • $460.71
    • MutualFirst Financial, Inc.
    • Northwest Bancshares, Inc.
    • $362.14
    • ARX Holding Corp.
    • The Progressive Corporation
    • $243.00
    • Pedestal Bancshares Inc.
    • Business First Bancshares, Inc.
    • $187.55
    • American Financial & Automotive Services, Inc.
    • Assurant, Inc.
    • $157.50
    • National Lloyds Corporation
    • Align Financial Group, LLC
    • $143.60

     

    Source S&P Capital IQ as of 7/17/2020 and PCE Proprietary Data

    Subscribe to PCE's Quarterly Industry Reports

    Contacts

    David Jasmund

    Orlando Office

    407-621-2111

    Michael Poole

    Orlando Office

    407-621-2112

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. English, Carleton, "Bank Regulators Ease Up on the Volcker Rule. Next Up Are the Stress-Test Results", Barron's, Jun. 25, 2020.
    2. Golia, Nathan, "Insurtech Funding Rounds: Q2 2020 Edition", Digital Insurance, July 6, 2020.
    3. Childers, Angela, "Economy, COVID-19 claims lead comp market shifts", Business Insurance, July 8, 2020.
    4. Maddipatla, Manoina, Humer, Caroline, "U.S. Health Insurers benefit as elective care cuts offset coronavirus costs," Reuters, April 27, 2020.
    5. Haigh, Adam, "JPMorgan Says Global Liquidity Surge to Boost Stocks and Bonds", Bloomberg, July 5, 2020.
    6. Goldman, Corey, "National General Soars on $4 Billion Allstate Acquisition", The Street, July 8, 2020.
    7. Molina, Brett, "State, Farm, Progressive latest auto insurers to return money to policyholders", USA Today, April 10, 2020.

     

    Please Share This