US Bancorp announced it has entered into a definitive agreement to acquire BTIG, a global financial services firm specializing in investment banking, institutional sales and trading, research, and prime brokerage. The bolt-on acquisition is intended to expand U.S. Bancorp’s capital markets capabilities, adding equity sales and trading, equity capital markets, electronic trading, and M&A advisory services to better serve institutional and corporate clients.

The transaction, signed on January 12, 2026, is expected to close in the second quarter of 2026, subject to regulatory approvals. Targeted consideration is up to $1 billion, including a $725 million purchase price at closing and potential additional earn-out payments. U.S. Bancorp expects minimal impact on 2026 earnings and no change to near-term capital return plans.

Source: U.S. Bancorp, Business Wire, January 13, 2026