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First Financial Corporation

First Financial Corporation

NASDAQ•THFF
CEO: Mr. Norman D. Lowery
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1992-03-03
First Financial Corporation, through its subsidiaries, provides various financial services. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. It also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans. In addition, the company offers lease financing, trust account, depositor, and insurance services. The company was founded in 1834 and is headquartered in Terre Haute, Indiana.
Contact Information
One First Financial Plaza, Terre Haute, IN, 47807, United States
812-238-6000
www.first-online.bank
Market Cap
$743.63M
P/E (TTM)
10.0
15.1
Dividend Yield
3.3%
52W High
$65.79
52W Low
$42.05
52W Range
87%
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$87.79M+5.88%
4-Quarter Trend

EPS

$1.75+136.49%
4-Quarter Trend

FCF

$28.55M+46.16%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Soars Nine-month net income reached $57.8M, up significantly from $31.0M in 2024; Basic EPS increased to $4.87 for the period.
Net Interest Margin Expansion Net interest income grew $33.9M to $159.2M for nine months; NIM improved significantly to 4.17% compared to 3.63% last year.
Credit Loss Provision Decreases Nine-month provision for credit losses fell $8.3M to $5.9M year-over-year; net charge-offs also declined substantially to $5.2M.
Capital Ratios Remain Strong Corporation's CET1 ratio stood at 13.12% as of September 30, 2025, well exceeding regulatory minimums and conservation buffer requirements.

Risk Factors

Non-Performing Loan Increase Non-accrual loans rose to $17.5M; ACL coverage ratio dropped to 246.1% from 351.4% compared to year-end 2024.
Interest Rate Shock Exposure Rate shock analysis indicates potential NII decrease of 9.49% over 36 months under a worst-case 300 basis point rate increase scenario.
Deposit Base Moderation Total deposits decreased 2.2% to $4.6B since year-end 2024; other borrowings increased $142.3M to $170.5M to fund growth.

Outlook

Adequate Allowance Outlook Management believes current allowance for credit losses is adequate based on portfolio analysis and stable CECL model assumptions for future performance.
Liquidity Position Maintained Liquidity remains strong, relying on $203.1M unused FHLB capacity and $898M Fed line to meet expected short-term and long-term obligations.
Proactive Balance Sheet Stance Corporation proactively positioned balance sheet to mitigate risks stemming from banking sector events, recessionary concerns, and ongoing interest rate activity.

Peer Comparison

Revenue (TTM)

Business First Bancshares, Inc.BFST
$509.73M
+18.0%
Camden National CorporationCAC
$345.48M
+23.3%
First Financial CorporationTHFF
$340.98M
+16.6%

Gross Margin (Latest Quarter)

Horizon Bancorp, Inc.HBNC
115.2%
+59.6pp
First Community Bankshares, Inc.FCBC
90.0%
+4.8pp
First Financial CorporationTHFF
72.7%
+13.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HBNC$896.82M-4.4-25.2%6.8%
BFST$802.58M9.89.8%6.2%
CAC$766.75M13.59.2%10.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.0%
Moderate Growth
4Q Net Income CAGR
8.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$1.71
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $87.79M+5.9%
    |
    EPS: $1.75+136.5%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $84.56M+19.6%
    |
    EPS: $1.57+63.5%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $83.54M+21.4%
    |
    EPS: $1.55+66.7%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 5, 2025|
    Revenue: $307.51M+13.4%
    |
    EPS: $4.00-21.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $82.92M+17.9%
    |
    EPS: $0.74-46.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $70.68M+6.0%
    |
    EPS: $0.96-27.8%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $68.83M+7.4%
    |
    EPS: $0.93-30.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 11, 2024|
    Revenue: $271.10M+17.9%
    |
    EPS: $5.08-12.7%
    Beat