BTIG Acquired by U.S. Bancorp | Financial Services M&A Deal

U.S. Bancorp has completed the acquisition of BTIG, a investment banking business in the United States, for $1 billion. U.S. Bancorp acquisitions add BTIG’s institutional sales and trading, research, and prime brokerage capabilities to its financial services platform acquisition strategy. BTIG acquisition strengthens U.S. Bancorp’s capital markets offering with high-touch equity execution for institutional and corporate clients. The strategic acquisition is structured as a platform acquisition with a target purchase price of $725 million at closing plus up to $275 million of contingent cash over three years tied to performance targets, with negligible 2026 EPS impact and a Common Equity Tier 1 ratio decrease of about 12 basis points at closing.