NASDAQ : THFF
First Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 76.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 910.32M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 290.43M | 267.80M | 226.26M | 189.64M | 146.29M | 128.00M |
| Interest Income on Investments | 40.40M | 37.79M | 38.48M | 38.76M | 37.01M | 24.20M |
| Total Interest Income | 330.83M | 305.59M | 264.74M | 228.40M | 183.30M | 152.20M |
| Interest Paid on Deposits | 70.23M | 72.43M | 81.07M | 51.69M | 16.74M | 8.16M |
| Interest Paid on Borrowings | 18.30M | 13.29M | 8.69M | 9.44M | 1.52M | 639.00K |
| Total Interest Expense | 88.53M | 85.72M | 89.76M | 61.13M | 18.26M | 8.80M |
| Net Interest Income | 242.30M | 219.87M | 174.99M | 167.26M | 165.04M | 143.40M |
| Trust Income | 6.00M | 5.78M | 5.47M | 5.16M | 5.16M | 5.25M |
| Gain (Loss) on Sale of Investments | -4.73M | -4.60M | 103.00K | -1.00K | 3.00K | 114.00K |
| Other Non-Interest Income | 8.34M | 7.95M | 6.39M | 8.50M | 16.02M | 7.01M |
| Total Non-Interest Income | 43.20M | 41.97M | 42.77M | 42.70M | 50.72M | 42.08M |
| Revenues Before Loan Losses | 285.50M | 261.84M | 217.76M | 209.96M | 215.76M | 185.49M |
| Provision for Loan Losses | 5.35M | 8.20M | 16.17M | 7.29M | -2.02M | 2.47M |
| Revenue | 280.14M | 253.64M | 201.59M | 202.67M | 217.78M | 183.02M |
| Salaries and Employee Benefits | 81.26M | 76.54M | 71.56M | 66.11M | 63.28M | 62.27M |
| Federal Deposit Insurance | 2.65M | 2.85M | 2.79M | 2.91M | 2.33M | 1.29M |
| Selling, General & Administrative | 35.13M | 32.05M | 30.23M | 25.78M | 24.43M | 21.16M |
| Other Non-Interest Expense | 47.59M | 43.49M | 39.87M | 35.37M | 35.99M | 32.69M |
| Total Non-Interest Expense | 166.63M | 154.93M | 144.44M | 130.18M | 126.02M | 117.41M |
| EBT Excluding Unusual Items | 113.52M | 98.71M | 57.15M | 72.49M | 91.76M | 65.61M |
| Legal Settlements | -4.00M | |||||
| Pretax Income | 113.55M | 98.71M | 57.15M | 72.49M | 87.76M | 65.61M |
| Income Tax Expense | 22.11M | 19.51M | 9.88M | 11.82M | 16.65M | 12.63M |
| Net Income | 91.44M | 79.21M | 47.27M | 60.67M | 71.11M | 52.99M |
| Net Income to Common | 91.44M | 79.21M | 47.27M | 60.67M | 71.11M | 52.99M |
| Basic Shares Outstanding | 11.88M | 11.85M | 11.81M | 11.94M | 12.21M | 13.19M |
| Diluted Shares Outstanding | 11.88M | 11.85M | 11.81M | 11.94M | 12.21M | 13.19M |
| EPS (Basic) | 7.70 | 6.68 | 4.00 | 5.08 | 5.82 | 4.02 |
| EPS (Diluted) | 7.70 | 6.68 | 4.00 | 5.08 | 5.82 | 4.02 |
| Dividend Per Share | 2.24 | 2.09 | 1.86 | 0.99 | 1.08 | 1.06 |
| Effective Tax Rate | 19.47% | 19.76% | 17.29% | 16.31% | 18.97% | 19.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.16M | 130.84M | 94.35M | 77.04M | 231.89M | 688.34M |
| Investment Securities | 1.10B | 463.62M | 477.98M | 500.94M | 497.07M | 542.41M |
| Trading Asset Securities | 2.71M | 3.06M | 2.88M | 2.84M | ||
| Mortgage-Backed Securities | 685.90M | 718.01M | 758.20M | 833.41M | 817.10M | |
| Total Investments | 1.10B | 1.15B | 1.20B | 1.26B | 1.33B | 1.36B |
| Gross Loans | 4.41B | 4.05B | 3.83B | 3.17B | 3.07B | 2.81B |
| Allowance for Loan Losses | -49.72M | -47.99M | -46.73M | -39.77M | -39.78M | -48.30M |
| Net Loans | 4.36B | 4.00B | 3.79B | 3.13B | 3.03B | 2.76B |
| Property, Plant & Equipment | 87.70M | 85.97M | 81.51M | 67.29M | 66.15M | 69.52M |
| Goodwill | 98.23M | 98.23M | 100.03M | 86.98M | 86.98M | 86.14M |
| Other Intangible Assets | 17.63M | 16.23M | 21.55M | 5.59M | 6.71M | 8.02M |
| Loans Held for Sale | 3.00M | 2.70M | 2.50M | 1.70M | 4.20M | |
| Accrued Interest Receivable | 28.80M | 27.76M | 26.93M | 24.88M | 21.29M | 16.95M |
| Other Real Estate Owned & Foreclosed | 1.42M | 94.00K | 523.00K | 107.00K | 337.00K | 108.00K |
| Other Long-Term Assets | 267.30M | 237.45M | 246.01M | 199.19M | 214.94M | 178.93M |
| Total Assets | 6.06B | 5.76B | 5.56B | 4.85B | 4.99B | 5.18B |
| Interest Bearing Deposits | 3.66B | 3.27B | 3.71B | 3.25B | 3.46B | 3.42B |
| Institutional Deposits | 218.70M | 365.02M | 144.98M | 92.92M | 50.61M | 74.02M |
| Non-Interest Bearing Deposits | 990.99M | 916.47M | 859.01M | 750.34M | 857.92M | 914.93M |
| Total Deposits | 4.87B | 4.55B | 4.72B | 4.09B | 4.37B | 4.41B |
| Short-Term Borrowings | 203.47M | 295.18M | 190.12M | 70.10M | 73.71M | 109.31M |
| Current Portion of Leases | 1.29M | |||||
| Long-Term Debt | 12.50M | 20.83M | ||||
| Federal Home Loan Bank Debt, Long-Term | 262.35M | 175.71M | 7.29M | 108.58M | 9.59M | |
| Long-Term Leases | 6.25M | |||||
| Other Long-Term Liabilities | 69.38M | 63.21M | 74.16M | 54.43M | 61.81M | 73.64M |
| Total Liabilities | 5.40B | 5.11B | 5.01B | 4.32B | 4.51B | 4.59B |
| Common Stock | 2.02M | 2.02M | 2.02M | 2.01M | 2.01M | 2.01M |
| Additional Paid-In Capital | 148.05M | 147.44M | 145.93M | 144.15M | 143.19M | 141.98M |
| Retained Earnings | 791.80M | 741.79M | 687.37M | 663.73M | 614.83M | 559.14M |
| Treasury Stock | -154.04M | -153.71M | -153.99M | -154.83M | -144.76M | -118.12M |
| Comprehensive Income & Other | -127.39M | -86.68M | -132.28M | -127.09M | -139.97M | -2.43M |
| Shareholders' Equity | 660.45M | 650.87M | 549.04M | 527.98M | 475.29M | 582.58M |
| Total Liabilities & Equity | 6.06B | 5.76B | 5.56B | 4.85B | 4.99B | 5.18B |
| Total Debt | 465.82M | 490.93M | 218.24M | 178.68M | 83.30M | 109.31M |
| Net Cash (Debt) | -372.66M | -357.38M | -120.83M | -98.76M | 151.43M | 579.02M |
| Net Cash Per Share | -31.36 | -30.15 | -10.23 | -8.27 | 12.40 | 43.90 |
| Filing Date Shares Outstanding | 11.89M | 11.89M | 11.85M | 11.81M | 12.07M | 12.47M |
| Total Common Shares Outstanding | 11.89M | 11.88M | 11.84M | 11.80M | 12.05M | 12.63M |
| Book Value Per Share | 55.54 | 54.78 | 46.36 | 44.76 | 39.44 | 46.13 |
| Tangible Book Value | 544.59M | 536.41M | 427.47M | 435.40M | 381.59M | 488.42M |
| Tangible Book Value Per Share | 45.79 | 45.15 | 36.10 | 36.91 | 31.66 | 38.67 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 79.21M | 47.27M | 60.67M | 71.11M | 52.99M | |
| Depreciation & Amortization | 12.52M | 10.38M | 7.09M | 6.79M | 6.89M | |
| Gain (Loss) on Sale of Assets | -53.00K | -55.00K | 31.00K | 55.00K | 18.00K | |
| Gain (Loss) on Sale of Investments | 8.50M | 4.46M | 5.06M | 6.55M | 8.32M | |
| Provision for Credit Losses | 8.20M | 16.17M | 7.29M | -2.02M | 2.47M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 1.14M | 960.00K | 113.00K | 4.53M | 7.93M | |
| Accrued Interest Receivable | -828.00K | -2.06M | -3.59M | -4.34M | 982.00K | |
| Other Operating Activities | -19.42M | -18.60M | 7.98M | -4.17M | -21.74M | |
| Operating Cash Flow | 90.41M | 60.37M | 86.09M | 78.79M | 55.07M | |
| Capital Expenditures | -3.98M | -6.11M | -6.54M | -1.43M | -3.83M | |
| Cash Acquisitions | 28.15M | -23.09M | ||||
| Investment in Securities | 95.55M | 123.59M | 81.08M | -165.60M | -318.22M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -217.61M | -210.14M | -106.03M | -258.70M | 31.63M | |
| Other Investing Activities | -121.00K | -1.61M | 9.39M | -8.24M | 438.00K | |
| Investing Cash Flow | -126.16M | -66.12M | -22.10M | -433.69M | -312.16M | |
| Short-Term Debt Issued | 105.41M | 119.84M | ||||
| Long-Term Debt Issued | 2.85B | 1.52B | 2.08B | |||
| Total Debt Issued | 2.96B | 1.64B | 2.08B | |||
| Short-Term Debt Repaid | -3.65M | -22.50M | -22.69M | |||
| Long-Term Debt Repaid | -2.69B | -1.61B | -1.98B | -6.40M | -1.00M | |
| Total Debt Repaid | -2.69B | -1.61B | -1.98B | -28.90M | -23.69M | |
| Net Debt Issued (Repaid) | 265.34M | 37.58M | 95.35M | -28.90M | -23.69M | |
| Repurchase of Common Stock | -795.00K | -376.00K | -11.51M | -27.70M | -42.47M | |
| Common Dividends Paid | -24.16M | -21.25M | -15.38M | -14.46M | -14.18M | |
| Net Increase (Decrease) in Deposit Accounts | -167.78M | 6.56M | -278.20M | -39.55M | 367.99M | |
| Financing Cash Flow | 72.59M | 22.52M | -209.75M | -110.61M | 287.65M | |
| Net Cash Flow | 36.84M | 16.77M | -145.76M | -465.51M | 30.56M | |
| Free Cash Flow | 86.42M | 54.26M | 79.55M | 77.36M | 51.23M | |
| Free Cash Flow Margin | 34.07% | 26.91% | 39.25% | 35.52% | 27.99% | |
| Free Cash Flow Per Share | 7.29 | 4.59 | 6.66 | 6.33 | 3.88 | |
| Cash Interest Paid | 86.44M | 88.55M | 59.03M | 18.46M | 9.14M | |
| Cash Income Tax Paid | 13.13M | 10.48M | 11.35M | 13.53M | 15.03M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 933.28M | 716.02M | 545.43M | 505.80M | 553.97M | 582.97M |
| Last Close Price | 76.55 | 58.45 | 42.93 | 38.63 | 39.67 | 37.98 |
| PE Ratio | 10.20 | 9.04 | 11.54 | 8.34 | 7.79 | 11.00 |
| PS Ratio | 3.31 | 2.82 | 2.71 | 2.50 | 2.54 | 3.19 |
| PB Ratio | 1.38 | 1.10 | 0.99 | 0.96 | 1.17 | 1.00 |
| P/FCF Ratio | 9.98 | 8.29 | 10.05 | 6.36 | 7.16 | 11.38 |
| P/OCF Ratio | 9.54 | 7.92 | 9.04 | 5.88 | 7.03 | 10.59 |
| Debt / Equity Ratio | 0.70 | 0.75 | 0.40 | 0.34 | 0.17 | 0.19 |
| Debt / FCF Ratio | 5.68 | 4.02 | 2.25 | 1.08 | 2.13 | |
| Net Debt / Equity Ratio | 0.56 | 0.55 | 0.22 | 0.19 | -0.32 | -0.99 |
| Net Debt / FCF Ratio | 4.13 | 2.23 | 1.24 | -1.96 | -11.30 | |
| Return on Equity (ROE) | 14.26% | 13.20% | 8.78% | 12.10% | 13.44% | 8.98% |
| Return on Assets (ROA) | 1.56% | 1.40% | 0.91% | 1.23% | 1.40% | 1.09% |
| Earnings Yield | 9.81% | 11.06% | 8.67% | 12.00% | 12.84% | 9.09% |
| FCF Yield | 10.02% | 12.07% | 9.95% | 15.73% | 13.96% | 8.79% |
| Dividend Yield | 2.85% | 3.47% | 4.04% | 2.31% | 2.35% | 2.30% |
| Payout Ratio | 29.11% | 30.51% | 44.95% | 25.35% | 20.33% | 26.76% |
| Buyback Yield / Dilution | -0.35% | -0.34% | 1.05% | 2.24% | 7.42% | 3.84% |
| Total Shareholder Return | 2.54% | 3.13% | 5.09% | 4.55% | 9.77% | 6.13% |