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Recent Updates — THFF

September 4, 2026View Source ↗

First Financial Corporation filed a Form 8-K to disclose that executives, including CEO Norman D. Lowery and CFO Rodger A. McHargue, will participate in the Raymond James U.S. Bank and Banking on Tech Conferences on September 9, 2026. The filing incorporates by reference an attached investor presentation (Exhibit 99.1) containing forward-looking statements and operational data as of June 30, 2026. Key metrics disclosed include $6.2 billion in total assets, a tangible book value of $46.98 per share, and a Tier 1 Leverage ratio of 10.81%. The presentation highlights the company's acquisition of CedarStone on March 1, 2026, and details its diversified loan portfolio across Indiana, Tennessee, Kentucky, Illinois, and Georgia. First Financial Corporation operates as a multi-bank holding company providing community banking, trust, and wealth management services.

August 27, 2026View Source ↗

First Financial Corporation (NASDAQ: THFF) entered into a definitive merger agreement to acquire First Illinois Corporation, the parent of Hickory Point Bank and Trust, on August 26, 2026. The all-stock/cash transaction is valued at approximately $111.3 million based on THFF's closing price of $79.07 per share. First Illinois shareholders will receive either 0.5727 shares of THFF common stock or $44.35 in cash, with a target mix of 70% stock and 30% cash consideration. The combined entity is expected to hold approximately $6.9 billion in total assets upon closing, which is targeted for the fourth quarter of 2026 pending regulatory and shareholder approvals. First Financial Corporation operates as a community banking holding company with branches across multiple states.

August 27, 2026View Source ↗

First Financial Corporation (NASDAQ: THFF) entered into a definitive Agreement and Plan of Merger with First Illinois Corporation on August 26, 2026. Under the transaction, First Illinois will merge into First Financial, with First Financial as the surviving corporation. The merger consideration allows First Illinois shareholders to elect between receiving $44.35 in cash or 0.5727 shares of THFF common stock per share, with a target mix of 30% cash and 70% stock. Based on THFF’s August 26 closing price of $79.07, the aggregate transaction value is approximately $111.3 million, implying an implied purchase price of $45.00 per share for First Illinois. The combined entity will hold approximately $6.9 billion in total assets and expand THFF’s presence into central Illinois through Hickory Point Bank and Trust’s eight branches. The deal received unanimous board approval from both companies and is expected to close in the fourth quarter of 2026, subject to customary regulatory and shareholder approvals. First Financial Corporation operates as a community bank holding company.

June 30, 2026View Source ↗

On June 29, 2026, First Financial Corporation and its subsidiary, First Financial Bank, entered into new employment agreements effective July 1, 2026, for three key executives: CFO Rodger A. McHargue, Chief Credit Officer Stephen P. Panagouleas, and Chief Lending Officer Mark A. Franklin. Each agreement provides an initial 24-month term. Annual base salaries effective January 1, 2026, are $387,131 for McHargue, $317,228 for Panagouleas, and $319,307 for Franklin. The contracts include severance packages for termination without cause and a change-in-control payout equal to 2.00 times the sum of base salary, prior year bonuses, and two years of benefit costs. The agreements also contain non-compete clauses for one year post-termination within specific radii of Terre Haute and Bloomington, Indiana. The company is a financial holding company that operates a banking business.

June 30, 2026View Source ↗

First Financial Corporation entered into a new employment agreement with President and CEO Norman D. Lowery, effective July 1, 2026. The agreement provides for an initial term of 24 months with an annual base salary of $698,987.00 and participation in executive bonus and fringe benefit plans. The agreement includes specific severance-related components and non-compete provisions within a 50 to 75-mile radius of Terre Haute, Indiana. First Financial Corporation is a financial services company providing banking services through its wholly-owned subsidiary, First Financial Bank.