U.S. Bancorp has entered into a definitive agreement to acquire BTIG, LLC, a financial services firm specializing in investment banking, institutional sales and trading, research, and prime brokerage. The transaction, valued at up to $1 billion, includes a target purchase price of $725 million—comprised of $362.5 million in cash and over 6.6 million shares of common stock—paid at closing. An additional $275 million in cash may be paid over three years if certain performance targets are met. The deal is expected to close in the second quarter of 2026, pending regulatory approvals and closing conditions. The acquisition will add new capabilities to U.S. Bancorp’s capital markets business, including institutional equity sales and trading, equity capital markets, and M&A advisory, and is expected to accelerate the company’s growth in markets-based products and enhance support for institutional clients. The transaction is projected to have negligible impact on 2026 earnings per share and a modest effect on the company’s capital ratio at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-011142), on January 13, 2026, and is solely responsible for the information contained therein.