m_and_a
confidence high
sentiment positive
materiality 0.75
First Financial Bancorp acquires BankFinancial in ~$142M all-stock deal
FIRST FINANCIAL BANCORP /OH/
- Each BankFinancial share converted into 0.48 of a FFBC share; transaction valued at ~$142 million.
- Adds 18 Chicago-area retail branch locations; pro forma deposits will be $2.2 billion.
- Deal expected to be accretive to FFBC EPS; tangible book value per share approximately unchanged at close.
- All BankFinancial bank employees will become First Financial associates upon closing.
- Transaction expected to close in Q4 2025, subject to regulatory approvals and shareholder vote.
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