BankFinancial — Merger or Acquisition (August 2025)
11 slides from BankFinancial's merger presentation, Aug 11, 2025
Slide 1: First Financial to strategically expand in Chicago with acquisition of BankFinancial
1 First Financial to strategically expand in Chicago with acquisition of BankFinancial August 11, 2025 Exhibit 99.2
Slide 2: Forward-looking statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1
Slide 3: Forward-looking statements and no offer or solicitation
These factors are not necessarily all of the factors that could cause First Financial, BankFinancial, or the combined company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unkno
Slide 4: Transaction highlights
+2% Earnings per Share accretion De minimis TBV dilution Enhances key profitability metrics, including ~100bps improvement in Efficiency Ratio and ~75bps improvement in ROTCE Acquisition of a low cost, granular core deposit franchise with $1.4Bn of assets and +100 year presence in Chicago ma
Slide 5: Overview of BankFinancial
5 Overview of BankFinancial Key franchise highlights Financial summary Loan & Deposit composition Total Assets $1.4Bn Total Deposits $1.2Bn Headquarters Burr Ridge, Illinois Chairman & Chief Executive Officer Morgan Gasior Year Founded 1924 Branches 18 Full-Service Retail Branches Ticker BFIN (NASDA
Slide 6: Complementary Chicago presence
6 Complementary Chicago presence Select large employers Milwaukee Chicago INDIANA Indianapolis KENTUCKY Columbus OHIO MICHIGAN Lansing Louisville Cincinnati Grand Rapids Joliet Chicago Evanston Skokie Hoffman Estates Naperville Bollingbrook Tinley Park Gary Wheaton Complementary to existing presence
Slide 7: Summary financial impacts
7 Summary financial impacts Key Items Pro Forma Financial Impacts Excluding Day 2 CECL Double Count Pro Forma Financial Impacts Including Day 2 CECL Double Count Earnings per Share (Fully Phased-In) +2.0% +2.1% TBV per Share at Closing (0.1)% (0.4)% TBV Earnback (Crossover Method) 0.1 Years 0.8 Year
Slide 8: Transaction terms
8 Transaction terms Consideration & Deal Value Transaction Multiples Closing & Other • Consideration Mix – 100% FFBC common stock • Exchange Ratio – Fixed exchange ratio of 0.4800x ‒ Approximately 6 million shares issued to BankFinancial in transaction • Transaction Value – $142 million deal value,
Slide 9: Key transaction assumptions
9 Key transaction assumptions Key Merger Assumptions Fair Value Adjustments Other • Cost Savings – Approximately 45% of BankFinancial’s annual operating expense ‒ 75% phase-in during 2026 and 100% in 2027 and thereafter • One-Time Merger Expenses – $25 million pre-tax; fully reflected in pro forma i
Slide 10: Key takeaways
10 Key takeaways Consistent operating philosophies drives low execution risk Financially attractive with immediate accretion to earnings and minimal TBV impact Strategically expands presence in economically robust Chicago market with strong core deposit franchise Significant excess capital and liqui
Slide 11: First Financial Bancorp
11 First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202