08:57 AM EDT, 05/20/2024 (MT Newswires) -- Financial stocks were steady premarket Monday, with the Financial Select Sector SPDR Fund (XLF) inactive recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% higher, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged.

SouthState (SSB) said it has agreed to acquire Independent Bank Group ( IBTX ) in an all-stock deal worth approximately $2 billion. Independent Bank Group ( IBTX ) was up more than 5% pre-bell.