Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Financials · Savings Institution, Federally Chartered

First Financial Bancorp to acquire BankFinancial Corp

Announced Aug 11, 2025 · Closed Jan 2, 2026

Deal value$142M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock

Transaction

Acquirer
First Financial Bancorp (FFBC)
Target
BankFinancial Corp
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Closed Jan 2, 2026

Deal protections

Not yet read from the merger agreement.

Advisors

To the acquirer
Not disclosed
To the target
Not disclosed

Sector context · Financials

Comparable deals
59 in the prior 24 months
Premium
Sector median 33.5%
EV / Adj. EBITDA
Sector median 11.7x
Break fee
Sector median 3.7%

Timeline

  1. AnnouncedAug 11, 2025
  2. ClosedJan 2, 2026
Sources
  • 8-K · Aug 11, 2025

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.