---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-25-000065"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:05:12.668973+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Financial (THFF) to acquire CedarStone for $25M cash ($19.12/sh); expands in Nashville

## Summary
- Aggregate deal value $25.0M; 100% cash consideration; $19.12 per share.
- CedarStone has ~$358M assets, 3 TN branches; First Financial $5.7B assets, 79 branches; combined ~$6.1B.
- Expected close Q1 2026 subject to regulatory and shareholder approvals.
- Transaction metrics: 108% P/TBV, 16.1x P/2025E earnings, ~37% cost saves; TBV dilution ~3.0%, earnback ~2.2 yrs.
- Voting agreements with CedarStone directors and officers supporting the deal.

## SEC filing metadata
- accession: 0000714562-25-000065
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456225000065/0000714562-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456225000065/thff-20251106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-25-000065
- JSON: https://secwatch.observer/filing/0000714562-25-000065.json
- Plain text: https://secwatch.observer/filing/0000714562-25-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.