|Bid||50.25 x 1100|
|Ask||0.00 x 1800|
|Day's Range||50.46 - 51.00|
|52 Week Range||38.28 - 51.33|
|PE Ratio (TTM)||14.49|
|Earnings Date||Jul 18, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||0.96 (2.22%)|
|1y Target Est||50.74|
Review | Preview The rollback of some postcrisis financial regulations will help small and mid-size banks get bigger—and leave fewer of them. Barron’s saw the potential in early December (“Lifting the Lid on Regional Banks’ Share Prices,” Dec. 2, 2017), as the legislation emerged from the Senate Banking Committee. By raising the threshold for stricter supervision under Dodd-Frank from $50 million in assets to $250 million, the new law effectively removes a disincentive for mergers and acquisitions.
MB Financial, Inc. is the Chicago-based holding company for MB Financial Bank, N.A. (“MB”) which has approximately $20 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. Learn more about MB by visiting www.mbfinancial.com. Safe Harbor Statement: Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, such statements are subject to numerous factors that could cause actual results to differ materially from those anticipated in the statements, as discussed in MB Financial’s filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements and MB Financial undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.
Ratings of MB Financial (MBFI) under review for an upgrade by Moody's Investors Service, following announcement of the stock-cash acquisition deal with Fifth Third (FITB).
Moody's Investors Service has placed the ratings of MB Financial, Inc. (senior unsecured shelf (P)Ba1) and its lead bank MB Financial Bank, National Association (MB Financial, issuer rating Ba1) on review for upgrade following the company's announcement that it has entered into a definitive agreement to be acquired by Fifth Third Bancorp (Fifth Third, senior unsecured Baa1) for $4.7 billion.
LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free research report on MB Financial, Inc. (NASDAQ: MBFI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MBFI as the Company's latest news hit the wire. On May 21, 2018, Fifth Third Bancorp (NASDAQ: FITB) announced that it has signed an agreement to acquire MB Financial, Inc. (MBFI), after which MB Financial will merge into Fifth Third. The merger is expected to significantly strengthen Fifth Third's presence in Chicago.
The US’s banks have largely sat out the mergers and acquisitions wave of recent years. for Chicago’s MB Financial on Monday morning, shares in other Chicago-area banks began to move, too. Wintrust, a similar-sized bank based in Rosemont, Illinois, ended the day up almost 4 per cent, while First Midwest of Itasca closed up 3 per cent.
NEW YORK , May 22, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of MB Financial, Inc. ("MBFI" or ...
NEW ORLEANS , May 22, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
Fifth Third agreed to buy MB Financial in a deal that values the company at 2.76x tangible book value and tangible book value dilution of 7.7 percent, George said in a note. Investors may have reason to be "struggling" with the TBV dilution and the new M&A deal puts at risk the improving pace of organic capital return.
On Monday, Fifth Third Bancorp (FITB) announced that it will buy fellow bank MB Financial (MBFI) for $54.20 per share in a cash-and-stock deal valued at $4.7 billion. While, M&A has been a popular way to boost growth during the slow recovery from the financial crisis, banks have been left out of the party. Congress is also on the cusp of rolling back the financial rules put in place after the financial crisis, as well.
To: All Persons or Entities who purchased MB Financial, Inc. (“MB Financial” or the “Company”) (MBFI) stock prior to May 21, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of MB Financial to Fifth Third Bancorp. Under the terms of the transaction, MB Financial shareholders will receive 1.45 shares of Fifth Third stock and $5.54 in cash for each share of MB Financial stock they own.
Fifth Third Bancorp said Monday it has agreed to buy MB Financial Inc. in a mostly stock deal, further expanding Fifth Third’s presence in Chicago. The companies valued the transaction at $4.7 billion, though a sharp drop in Fifth Third’s stock pushed that value down. Analysts questioned the deal’s price tag, which is at a 24% premium to MB Financial’s value on Friday.
Fifth Third Bancorp’s $4.7 billion deal to acquire small Chicago-based lender MB Financial is a sign that positive animal spirits have returned to the banking world. Investors should expect many more mergers and acquisitions. Rather, it has everything to do with Fifth Third’s high share price, capital reserves and confidence level.
As part of the deal announced on Monday, each MB Financial shareholder will get $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial's last close. Shares of MB Financial were up 14 percent at $49.75 in early trade, while Fifth Third shares were down 7.2 percent at $31.12. D.A. Davidson analyst Kevin Reevey said that Fifth Third was limited in their ability to expand in Ohio and that the acquisition of Chicago-based MB Financial was the most logical move for them, from a geographical standpoint, in order to expand their deposit franchise.
Shares of Fifth Third Bancorp tumbled 8.2% in afternoon trade Monday, putting them on track for the biggest one-day selloff in two years, after the regional bank's deal to buy MB Financial Inc. in a $4.7 billion deal pushed Instinet analyst Bill Carcache to turn bearish. Carcache cut his rating to reduce, after being at neutral since January 2017, and slashed his stock price target to $31 from $36, as he said the deal represents a "painful blow" to Fifth Third's existing shareholders. "At issue, in our view, is the high cost of the [MB Financial] acquisition," Carcache wrote in a note to clients.
U.S. regional bank Fifth Third Bancorp has agreed to buy smaller rival MB Financial Inc in a stock-and-cash deal valued at about $4.7 billion, as it looks to expand in Chicago and broaden its middle market customer base. As part of the deal announced on Monday, each MB Financial shareholder will get $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial's last close. Shares of MB Financial were up 14 percent at $49.75 in early trade, while Fifth Third shares were down 7.2 percent at $31.12.
The investment community was surprised that Fifth Third Bancorp is making a big acquisition of a Chicago bank in a deal announced Monday, but they were even more surprised by the price it'll pay.
The deal will have Fifth Third Bancorp using a mix of stock and cash to buyout MB Financial Inc. The total value of the offering is sitting at $4.7 billion, with the split between stock and cash being 90% and 10%, respectively. The offer for MB Financial Inc will have holders of MBFI stock receiving 1.45 shares of FITB stock and $5.54 in cash for each share that they own. “We expect our investment to generate an IRR of approximately 18.5 percent and to be accretive to our operating EPS in the first year, with accretion of nearly 7 percent in the second year, once cost savings are fully realized,” Greg Carmichael, Chairman, President and CEO of Fifth Third Bancorp, said in a statement.
MILWAUKEE , May 21, 2018 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of Directors of MB Financial, Inc. (NYSE: MBFI) for possible breaches of fiduciary duty and other violations of ...