Icon Capital Corporation | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Stephens & Williams Racing Partnership

Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor And Fairness Opinion

Icon Capital Corporation

$146 Million 04/18/2018 Depository Complete
Lead Bankers: Kade Machen, Justin Evans
Public Companies
Show Tombstone

Transaction Details

  • On April 18, 2018 — BancorpSouth Bank (NYSE: BXS) announced today the signing of a definitive merger agreement with Houston, TX-based Icon Capital Corporation and its wholly owned subsidiary, Icon Bank of Texas, National Association (collectively referred to as “Icon”) pursuant to which Icon will be merged with and into BancorpSouth Bank.
  • The transaction is valued at approximately $145.8 million, approximately 88% stock / 12% cash, based on BancorpSouth Bank’s closing common stock price of $31.10 per share on April 17, 2018
  • On a pro forma basis, BancorpSouth Bank will have approximately $1 billion in loans and $740 million in deposits in Houston
  • Upon completion of the transaction:
  • Icon Co-Founder, Chairman & CEO, Mark Reiley will serve as BancorpSouth Bank’s Houston Area Chairman
  • Icon Co-Founder, President & Vice Chairman John Green will be BancorpSouth Bank’s Houston Division President
Sources: Company filings, SNL Financial and publicly available information
  1. Note: Financial data as of March 31, 2018

    (1) Based on a BXS closing price of $31.10 on April 17, 2018

    (2) Excludes one-time $1.2 million DTA revaluation associated with change in tax legislation

    (3) Reflects bank level financial data

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.