Balance Sheet And LeverageAcquisition reduces the non-funding debt to tangible common equity ratio below the critical two-times threshold, strengthening the balance sheet and lowering leverage-related risk.
Cash Flow And Dividend CoverageTransaction adds a servicing portfolio with a substantially lower average coupon than prevailing mortgage rates, improving cash flow generation and supporting more reliable dividend coverage.
Share Float And LiquidityAll-stock merger materially increases free float through issuance of new shares while preserving book value, which can enhance share liquidity and attract a broader investor base.