MyState and Auswide Merge
MyState and Auswide Merge
MyState Bank has reported $8.4 billion in assets and is larger than Auswide, with around $6 billion in assets. MyState also operates TPT Wealth, a trustee and wealth management company, which will see it dominate the merged company.ANZ paid $4.9 billion for essentially the Queensland banking operations of Suncorp.
ANZ支付了490億美元，基本收購Suncorp的昆士蘭銀行業務。
On Monday, Queensland regional bank Auswide (ASX:ABA) and Tasmania's MyState (ASX:MYS) unveiled what could only be called a "mergerette," with a value for the all-paper deal around 80% less than the ANZ buy at approximately $755 million.
週一，昆士蘭區域銀行Auswide（ASX:ABA）和塔斯馬尼亞州的MyState（ASX:MYS）揭示了只能稱爲「小型合併」的交易，全紙交易金額約爲7,550萬美元，比ANZ的購買價低80%左右。
The value of the merger is 105% of the current market value of Bendigo and Adelaide Bank at $7.03 billion.
該合併的價值爲70.3億美元，是Bendigo和Adelaide銀行目前市值的105%。
MyState Bank has reported $8.4 billion in assets and is larger than Auswide, with around $6 billion in assets. MyState also operates TPT Wealth, a trustee and wealth management company, which will see it dominate the merged company.
MyState銀行報告資產840億美元，比Auswide大，約有600億美元的資產。MyState還經營TPt Wealth，一個受託人和财富管理公司，這將使其主導併入的公司。
Auswide shareholders will receive 1.112 New MyState shares per Auswide share, implying 65.9% pro forma ownership of the combined group by existing MyState shareholders.
Auswide股東將按每Auswide股票1.112股新MyState股票收到，意味着現有的MyState股東將持有合併集團的65.9%的對等持股比例。
The two banks expect the merger will add to earnings from 2026 and will offer much-needed scale and efficiency benefits. The merger is targeted for completion by the end of 2024, with regulatory and shareholder approvals required. Both have been scouting for suitable merger partners for years, and even combined will still be a mini-mini-major player.
兩家銀行預計，該合併將從2026年開始增加收益，並將提供急需的規模和效率優勢。合併計劃於2024年底完成，需要獲得監管和股東批准。兩家銀行多年來一直在尋找合適的合併夥伴，即使合併後仍將是一個小型主要參與者。
In late 2011, Tasmania-based MyState acquired the struggling Rockhampton-based financier The Rock.
2011年底，總部位於塔斯馬尼亞州的MyState收購了陷入困境的Rockhampton金融家The Rock。
MyState Limited reported a profitable FY24 with a net profit after tax of $35.3 million (down 8.3%), a steady dividend payout of 11.5 cents for the final and 23 cents for the year to June. Lending grew 2% to $8.0 billion for the year, alongside a significant increase in new customers and the successful launch of new banking services.
MyState有限公司報告了盈利的FY24，稅後淨利潤爲3,530萬美元（下降8.3%），年終11.5美分，6月份爲23美分。貸款額爲80億美元，同比增長2%，新客戶顯著增加，新銀行服務成功推出。
MyState said it expects significant pre-tax cost synergies of between $20 million and $25 million and the merger is expected to be EPS accretive for MyState shareholders, including full run-rate synergies from FY26.
MyState表示，預計將實現2,000萬至2,500萬美元的顯着稅前成本協同效應，並且該合併預計對MyState股東具有每股收益增長效應，包括從FY26開始的全面協同效應。
"MyState expects that operational integration will largely be achieved by the end of FY27 at which point the business will have realised the ongoing benefits of the merger.
“MyState預計，到FY27年底，業務運營整合將基本完成，屆時業務將實現合併的持續效益。
"The main sources of synergies are expected to include the consolidation of technology platforms, the integration of shared services, a refined leadership and management structure, and consolidation of third-party providers.
“實現協同效應的主要來源預計包括技術平台的整合，共享服務的整合，精簡的領導和管理結構以及第三方提供商的整合。
"FY25 earnings will be impacted by upfront transaction and integration costs," MyState warned.
MyState警告說：「FY25的收益將受到前期交易和整合成本的影響。」
An estimated $7 million in savings will come from rationalising the two banks' IT systems – that always carries with it concerns – just look at the difficulties Bank of Queensland has had with integrating Members Equity.
預計將從整合兩家銀行的IT系統中獲得700萬美元的節省 - 這總是存在風險的 - 只需看看昆士蘭銀行在整合Members Equity方面遇到的困難。