06:14 AM EDT, 10/28/2025 (MT Newswires) -- Barclays ( BCS ) said Tuesday that its US consumer banking unit, Barclays Bank Delaware, has agreed to acquire Best Egg for $800 million.

The company said the acquisition complements its partnership-driven US credit card business while also enhancing its digital and risk capabilities in the US consumer finance market.

The transaction, which is set to be completed in Q2, is expected to be accretive to Barclays' ( BCS ) and US Consumer Bank's return on tangible equity and earnings per share in 2027, with attractive returns comparable to its three highest-returning UK businesses, the company said.

The company said Best Egg, which facilitates more than $7 billion in annual personal loan originations and services about $11 billion in loans, operates a capital-light, fee-based model through securitization programs and partnerships with asset managers.

Barclays ( BCS ) said it plans to continue the model, with a small portion of new lending remaining on its balance sheet.

The British lender said the acquisition, along with the planned sale of its American Airlines co-brand credit card receivables, will result in a net 6-basis-point increase in the Group's CET1 ratio in Q2 of next year.