FIRST FINANCIAL CORP /IN/ — Form 8-K
Filed August 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
First Financial Corporation (Indiana, ~$584M market cap) will acquire First Illinois Corporation (Illinois bank holding company) in an all-stock transaction at Exchange Ratio of 0.5727 Buyer shares per Company share, with a cash alternative of $44.35/share capped at 727,377 shares. Merger consideration is subject to downward adjustment if Company equity falls below $82.4M at close. Effective August 26, 2026, the deal includes bank merger of Hickory Point Bank into First Financial Bank.
Why this rating
Meaningful M&A for Buyer at ~14% revenue-comparable scale. Adds deposit base and loan portfolio. Execution risk on integration and regulatory approvals moderate. Exchange ratio fixed; equity collar absent. Creates modest scale uplift.
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