2018 Q3 Bank M&A Review

BIRMINGHAM, Ala. – October. 26, 2018 – Integrated Legacy Solutions (ILS), the leading provider of technology for image and data migrations and conversions to the financial services industry, today released its quarterly overview of bank merger and acquisition data for the third quarter of 2018. Derived from data provided by the Federal Reserve System, the research quantifies all U.S. bank M&A activity occurring between July 2018 and September 2018 to monitor larger trends in the space, including total mergers and acquisitions, activity by state and region, the asset sizes of acquired and acquiring banks and transaction pricing, among other insights.

There were a total of 74 bank M&A deals closed in Q3 2018, a 42% increase from Q3 of 2017 as well as a 14% increase from Q1 and Q2 of this year. This quarter measures up similarly to Q3 of 2014 and 15 which were both great years. In fact, Q3 of 2018 is the best quarter seen since 2016 and is a great reflection on the current upswing in the economy. While closed M&A deal activity was higher this quarter, the number of M&A deals announced by U.S. banks in Q3 is trending downwards with only 58 total deals announced (a 38% decrease from the previous quarters announced). However, with those 58 deals that puts the market back close to the 2015 and 2016 markets. In fact, as of today 2018’s M&A activity is already 82% of 2017’s total deals.

To download a copy of the ILS 2018 Q3 M&A Review with charts and tables click: HERE