First Financial Corporation · NASDAQ:THFF

First Financial — Merger or Acquisition (November 2023)

8 slides from First Financial's merger presentation, Nov 13, 2023

  1. Slide 1: First Financial Corporation Announcing Acquisition of SimplyBank

    First Financial Corporation Announcing Acquisition of SimplyBank November 13, 2023

  2. Slide 2: Forward-Looking Statements Disclosure

    2 Forward-Looking Statements Disclosure Certain statements contained in this presentation, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, c

  3. Slide 3: Important Additional Information About the Merger

    3 Important Additional Information About the Merger No Offer or Sale This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful pri

  4. Slide 4: SimplyBank Overview

    (1) 2Q23 results reflect one-time settlement proceeds of $3.0 million (2) Deposit data as of June 30, 2022; Market Rank excludes banks with total assets greater than $10 billion (3) Total references weighted-average projected growth by deposits Note: Earnings metrics adjusted for S-Corp. status at a

  5. Slide 5: Transaction Overview

    (1) Based on SimplyBank’s financial data as of September 30, 2023 (2) Assumes remove of all purchase accounting adjustments for rate marks (AOCI, loans, deposits and FHLB borrowings) 5 Transaction Overview Including AOCI & Rate Marks Excluding AOCI & Rate Marks(2) Pro Forma Capital Ratios at Close T

  6. Slide 6: Pro Forma Overview

    Non-interest Bearing 20% IB, MMDA & Savings 66% Retail CDs 7% Jumbo CDs 7% (1) Pro forma financials are estimated at close and include the impact of purchase accounting adjustments (2) Pro forma loan & deposit composition, yield on loans and cost of deposits reference bank-level loan and deposit dat

  7. Slide 7: Transaction Rationale

    7 Transaction Rationale ▪ Expands footprint into Southeastern Tennessee and Northern Georgia ▪ Deploy our non-lending products across SimplyBank’s current footprint and clientele ▪ Boosts earnings profile while maintaining a strong capital position Strategic Markets Financials Risk Profile ▪ Expands

  8. Slide 8: Thank you

    8 First Financial Corporation Thank you

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