secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000714562-25-000065
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000065/0000714562-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000065/thff-20251106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-25-000065

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