KBRA Financial Intelligence

Unlock Growth Potential With Our Branch Map and Deposit Summary Features

The largest bank mergers and acquisitions (M&A) deal of 2024 to date is Florida-based SouthState Corporation’s (NYSE: SSB) $2 billion bid to acquire Independent Bank Group (NASDAQ: IBTX) in McKinney, Texas. SouthState Bank (KFI Score: B), the commercial bank subsidiary of SouthState Corporation, has 256 branches across the Southeast, while Independent Financial (KFI Score: B), the commercial bank subsidiary of Independent Bank Group, has a 0.87% market share in its current market, according to the FDIC’s latest Summary of Deposits (SOD) survey as of June 30, 2023.

Once the merger is complete, SouthState will extend its reach into Texas and Colorado, and the combined company will have pro forma total deposits of over $50 billion in 349 locations, with an estimated 1.28% market share.

KFI Pro subscribers can access the Branch Map feature to overlay up to 10 banks for pro forma deposit analysis.

Key benefits of the Branch Map:

• Visualize market overlap in the competitive landscape

• Identify growth opportunities through potential M&A

• Branch-level deposit data enables analysis of a bank’s geographic market coverage

Note: Based on SOD data as of June 30, 2023.

KFI Pro subscribers can access the Deposit Summary Report feature to compare bank deposit levels and market share based on a metropolitan statistical area (MSA) or a self-defined regional market.

Note: Based on SOD data as of June 30, 2023.

2Q 2024 Bank Call Report Data Continues to Roll Out!

As of July 15, more than 435 banks have filed their call reports for 2Q 2024. Reported data is available via the KFI web application and KFI Excel add-in within 24 hours after banks file. KFI Pro subscribers should refresh their Excel templates regularly to check if their banks have filed for 2Q.

Interested in learning more about KBRA Financial Intelligence (KFI)? Please contact [email protected] for more details or to schedule a quick demo!