FIRST FINANCIAL CORP /IN/ THFF

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

First Financial Corporation (the "Corporation") is a financial holding company. The Corporation was originally organized as an Indiana corporation in 1984 to operate as a bank holding company.

The Corporation, which is headquartered in Terre Haute, Indiana, offers a wide variety of financial services including commercial, mortgage and consumer lending, lease financing, trust account services, and depositor services through its subsidiary. At the close of business in 2025 the Corporation and its subsidiaries had 946 full-time equivalent employees.

Commercial loans are predominately loans to expand a business or finance asset purchases. The underlying risk in the Commercial loan segment is primarily a function of the reliability and sustainability of the cash flows of the borrower and secondarily on the underlying collateral securing the transaction. From time to time, the cash flows of borrowers may be less than historical or as planned. In addition, the underlying collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets financed or other business assets and most commercial loans are further supported by a personal guarantee. However, in some instances, short term loans are made on an unsecured basis. Agriculture production loans are typically secured by growing crops and generally secured by other assets such as farm equipment. Production loans are subject to weather and market pricing risks. The Corporation has established underwriting standards and guidelines for all commercial loan types.

Last close 76.67 2026-10-23
Market cap $911.8M 2026-06-30 share count
52-week range 52.45 - 84.17

Valuation FY2025 figures against the last close

P/S3.0x
P/E11.5x
P/FCF10.5x
EV/EBITDA—
Dividend yield2.7%
Diluted EPS6.68

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $305.6M$264.7M$228.4M$183.3M$152.2M$160.5M$149.1M$126.2M$114.2M$109.4M
Interest expense $219.9M$175.0M$167.3M$165.0M$8.8M$14.1M$17.5M$9.6M$6.3M$4.4M
Pre-tax income $98.7M$57.2M$72.5M$87.8M$65.6M$65.5M$61.0M$57.7M$49.8M$58.3M
Income tax $19.5M$9.9M$11.8M$16.7M$12.6M$11.7M$12.1M$11.1M$20.6M$19.9M
Net income $79.2M$47.3M$60.7M$71.1M$53.0M$53.8M$48.9M$46.6M$29.1M$38.4M
EPS, basic 6.684.005.085.824.023.93————
EPS, diluted 6.684.005.085.824.023.933.803.802.383.12
Shares, diluted (wtd. avg.) 11.9M11.8M11.9M12.2M13.2M13.7M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $130.4M$93.5M$76.8M$222.5M$688.0M$657.5M$127.4M$74.4M$74.1M$75.0M
Property, plant and equipment $78.6M$81.5M$67.3M$66.1M$69.5M$62.1M$62.6M$46.6M$48.3M$49.2M
Goodwill $98.2M$100.0M$87.0M$87.0M$86.1M$78.6M$78.6M$34.4M$34.4M$34.4M
Other intangibles $16.2M$21.5M$5.6M$6.7M$8.0M$9.0M$10.6M$1.2M$1.6M$2.1M
Total assets $5.76B$5.56B$4.85B$4.99B$5.18B$4.56B$4.02B$3.01B$3.00B$2.99B
Long-term debt $188.2M$28.1M$108.6M$9.6M$15.9M$6.0K$31.0K$0$0$132.0K
Total liabilities $5.11B$5.01B$4.32B$4.51B$4.59B$3.96B$3.47B$2.57B$2.59B$2.57B
Retained earnings $741.8M$687.4M$663.7M$614.8M$559.1M$521.1M$492.1M$456.7M$420.3M$421.8M
Total equity $650.9M$549.0M$528.0M$475.3M$582.6M$597.0M$547.1M$442.7M$413.6M$414.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $90.4M$60.4M$86.1M$78.8M$55.1M$77.4M$49.9M$57.4M$50.1M$41.2M
Depreciation and amortisation $12.2M$9.9M$6.5M$6.1M$6.2M$6.1M$4.8M$4.2M$4.4M$5.0M
Stock-based compensation ————$807.0K$820.0K$801.0K$745.0K$706.0K$684.0K
Capital expenditure $4.0M$6.1M$6.5M$1.4M$3.8M$3.9M$1.1M$2.0M$3.0M$3.0M
Investing cash flow -$126.2M-$66.1M-$22.1M-$433.7M-$312.2M-$16.2M-$32.9M-$34.3M-$26.7M-$44.0M
Financing cash flow $72.6M$22.5M-$209.8M-$110.6M$287.6M$468.9M$36.0M-$22.8M-$24.4M-$10.8M
Dividends paid $24.2M$21.2M$15.4M$14.5M$14.2M$14.3M$12.6M$12.5M$30.6M$12.4M
Buybacks $795.0K$376.0K$11.5M$27.7M$42.5M$9.2M$315.0K$391.0K$503.0K$19.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000714562-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M 400M Revenue, FY2016: 109.4M Net income, FY2016: 38.4M Revenue, FY2017: 114.2M Net income, FY2017: 29.1M Revenue, FY2018: 126.2M Net income, FY2018: 46.6M Revenue, FY2019: 149.1M Net income, FY2019: 48.9M Revenue, FY2020: 160.5M Net income, FY2020: 53.8M Revenue, FY2021: 152.2M Net income, FY2021: 53M Revenue, FY2022: 183.3M Net income, FY2022: 71.1M Revenue, FY2023: 228.4M Net income, FY2023: 60.7M Revenue, FY2024: 264.7M Net income, FY2024: 47.3M Revenue, FY2025: 305.6M Net income, FY2025: 79.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $109.4M $114.2M $126.2M $149.1M $160.5M $152.2M $183.3M $228.4M $264.7M $305.6M
Gross profit — — — — — — — — — —
Net income $38.4M $29.1M $46.6M $48.9M $53.8M $53.0M $71.1M $60.7M $47.3M $79.2M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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