$79.240
-0.261 (-0.33%)收盤時
THFF 資訊
THFF 事件
First Illinois to Merge with First Financial in $111.3M Deal
First Financial and First Illinois, the holding company for Hickory Point Bank and Trust, jointly announced today the execution of a definitive agreement under which First Illinois will merge with and into First Financial in a stock/cash transaction valued at approximately $111.3M based on First Financial's stock price of $79.07 on August 26. The combined company will have approximately $6.9B in total assets, $4.9B in total loans and $5.5B in total deposits. Hickory Point Bank is a community bank that operates 8 branches in the central Illinois communities of Decatur, Springfield and Champaign. As of June 30, Hickory Point Bank had approximately $717M in total assets, $438M in total loans and $627M in total deposits. Under the terms of the merger agreement, First Illinois stockholders will be entitled to elect to receive either the per share stock consideration of 0.5727 shares of First Financial common stock for each share of First Illinois common stock outstanding or the per share cash consideration of $44.35, subject to 70% of First Illinois common stock being exchanged for stock and 30% being exchanged for cash. Based on First Financial's closing stock price of $79.07 on August 26, the implied per share purchase price is $45.00 with an aggregate transaction value of approximately $111.3M. The transaction has been unanimously approved by each company's board of directors and is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including, but not limited to, receipt of regulatory and First Illinois stockholder approvals. Directors of First Illinois have entered into voting agreements to vote their shares in favor of the merger and related proposals. For additional information about the proposed merger of First Illinois with and into First Financial, stockholders are encouraged to carefully read the definitive agreement that will be filed with the Securities and Exchange Commission.
Q2 Tangible Book Value Per Share at $46.98
Reports Q2 tangible book value per share $46.98. Reports Q2 net charge-offs .24%.
Tangible Book Value per Share Increases to $45.13
Tangible Book Value per share was $45.13 as of March 31, 2026, compared to $38.13 as of March 31, 2025, an increase of $7.00 per share or 18.36%. The net interest margin for the quarter ended March 31, 2026, was 4.23% compared to the 4.11% reported at March 31, 2025.
First Financial to purchase CedarStone Financial for $19.12 per share in cash
First Financial and CedarStone Financial announced the execution of a definitive agreement under which First Financial will acquire CedarStone. First Financial will pay $19.12 per share in cash for each share of CedarStone's common stock outstanding. The aggregate value of the transaction is $25.0 million. Upon completion of the merger, CedarStone Bank, a wholly owned subsidiary of CedarStone will merge into First Financial Bank, a wholly owned subsidiary of First Financial. CedarStone, headquartered in Lebanon, Tennessee, has approximately $358 million in assets and operates 3 bank branches in Tennessee. Through its branch network, CedarStone services the communities of Lebanon, Mount Juliet and Nashville. First Financial, headquartered in Terre Haute, Indiana, has assets of approximately $5.7 billion and operates 79 banking centers in Georgia, Illinois, Indiana, Kentucky and Tennessee through First Financial Bank. If the proposed merger is completed as expected, it is anticipated that First Financial will have total combined consolidated assets of approximately $6.1 billion. The transaction is expected to close in the first quarter of 2026 and is subject to customary closing conditions, including, but not limited to, receipt of regulatory and CedarStone stockholder approvals.
First Financial Announces Q3 EPS of $1.75, Exceeding Consensus Estimate of $1.59
Return on average assets was 1.48% compared to 0.64% for the three months ended September 30, 2024. Provision for credit losses was $2M compared to provision of $9.4M for the third quarter 2024. Book Value per share was $52.50 as of September 30, 2025. The Corporation's efficiency ratio was 56.63% for the quarter ending September 30, 2025, versus 64.43% for the same period in 2024.
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