Have heard from credible sources that US Bank will look to acquire Truist Financial Corporation next year. Anyone else hearing this?
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Truist or Regions Bank - both headquartered in areas we don’t have a big footprint in
Whoever said Truist is in better shape than USB is also high. Next year USB will see explosive growth and the analysts know it…if you need evidence, look at where the options are being priced right now.
Are you high or just bored?
If this happens I would guess most of the USB execs are gone, Truist is much better managed and on the path the surpassing USB via organic growth anyways by 2026.
Seems Truist execs have degrees from places people have actually heard of and not in India.
Broke a$$ bank doing layoffs and offshoring to cut costs but wants to go shopping? LOL!
@1kgd+1vyLt7qa excellent post. USB is in no way positioned for a merger the size this post is about.
The only bank merger guaranteed to happen in 2025 with the change in the administration will be Capital One and Discover Financial, potentially creating a new card brand once the dust settled and Capital One gets whatever new brand name it settles on to the tens of millions of cards subject to the merger.
U.S. Bank may acquire some smaller community banks, that are struggling with commercial real estate loans in geographies where they have market presence already, but they will not be acquiring or merging with Truist or Regions, still got $3.7 billion reasons to clear the balance sheet on what is owed MUFG Bank, may still have some hightened capital requirements to post in 2026 and the Federal Reserve Bank/OCC doesn't care who is in the White House or controls Congress, nor what kind of inept seasons of change leadership is running U.S. Bank.
PNC is probably better positioned to make a spashy acquisition and is much better run than U.S. Bank, more dynamic leadership managing the "brilliantly boring bank", with a share price still north of $200 a share, could easily gobble up and collect short fuse regulatory approval to acquire Truist, Regions, Fifth Third, Key Bank or any combination other than the first two that would fit into underserved areas within their footprint.
Andy adamantly said no to another acquisition in the last earnings call (during q&a). If a merger is in the future, Truist would make sense but unless he outright lied, it's not happening anytime soon.
Maybe they can hire that guy from Enron that pulled all those creative accounting tricks in order to enable another acquisition.
This Bank can’t even afford Union Bank. Had to give stocks and still paying for UB acquisition with debt.
Can’t even afford to give us a regular desk day to day for RTO
We owe money thanks to the Union Bank acquisition. Where are the funds to allow such a purchase going to come from?
We sure as heck can’t manage to expand our footprint organically. Might as well buy another mediocre bank 🤷♂️.
Its a done deal
LOL! With what money? Aren't we still paying off debts from the Union Bank purchase?
Yes. Executives are looking to expand and grow USB in the southeast, so this would make sense.