Key Findings

+ Seventy-one percent of bank executives and directors say a lack of suitable targets is a top barrier to making an acquisition in the current market, up from 50% last year.  + Survey respondents cite geographic expansion (41%), adding a low-cost deposit base (41%) and scale (38%) as the top reasons M&A would be an important part of their bank’s strategy in 2026.  + While pricing remains a significant barrier to deals, 44% of potential buyers indicate they would pay 1.5 times tangible book value, and 20% would pay up to 1.75 times tangible book value for a target that…
On the heels of an active 2025, banks want to make deals in 2026 — but the big question is whether they can find the right M&A partner for the right price. Seventy-one percent of bank leaders taking part in Bank Director’s 2026 Bank M&A Survey, sponsored by Crowe, cite a lack of suitable targets as a top barrier to making an acquisition in the current environment, up from half who said so a year ago. “There is some pent-up demand to move forward with M&A, but then the challenge is finding a suitable target with the right pricing expectations,…

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WRITTEN BY

Laura Alix

Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.