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THFF

First Financial Corporation

THFF

First Financial Corporation • NASDAQ
$58.37 ▼ -1.03% (-0.61)
Market Cap $691.72 M
52w High $63.04
52w Low $42.05
Dividend Yield 2.04%
P/E 9.35
Volume 20.22K
Outstanding Shares 11.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $87.793M ▲ $38.048M ▼ $20.762M ▲ 23.649% ▲ $1.75 ▲ $28.392M ▲
Q2-2025 $84.558M ▲ $38.276M ▲ $18.586M ▲ 21.98% ▼ $1.57 ▲ $26.035M ▼
Q1-2025 $83.543M ▼ $36.759M ▼ $18.406M ▲ 22.032% ▲ $1.55 ▲ $27.034M ▲
Q4-2024 $85.086M ▲ $39.801M ▲ $16.241M ▲ 19.088% ▲ $1.38 ▲ $23.343M ▲
Q3-2024 $82.918M $38.564M $8.741M 10.542% $0.74 $13.738M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.274B ▲ $5.67B ▲ $5.047B ▲ $622.218M ▲
Q2-2025 $810.925M ▼ $5.603B ▲ $5.015B ▲ $587.668M ▲
Q1-2025 $1.269B ▲ $5.549B ▼ $4.977B ▼ $571.945M ▲
Q4-2024 $820.488M ▼ $5.56B ▲ $5.011B ▲ $549.041M ▼
Q3-2024 $1.351B $5.485B $4.919B $565.951M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.762M ▲ $26.852M ▲ $-63.784M ▼ $27.105M ▲ $-9.827M ▼ $28.551M ▲
Q2-2025 $18.586M ▲ $12.72M ▼ $-28.139M ▼ $26.473M ▲ $11.054M ▲ $11.587M ▼
Q1-2025 $18.406M ▲ $21.057M ▲ $10.029M ▲ $-38.401M ▼ $-7.315M ▼ $20.491M ▲
Q4-2024 $16.241M ▲ $15.851M ▼ $-96.255M ▼ $96.618M ▲ $16.214M ▲ $14.813M ▼
Q3-2024 $8.741M $23.302M $55.337M $-76.4M $2.239M $19.534M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Financial Service Other
Financial Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Interchange income
Interchange income
 $0 ▲$0 ▲$0 ▲$0 ▲
Asset management fees
Asset management fees
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing that the bank continues to expand its business base. Profitability, however, peaked a couple of years ago and has eased since then, suggesting some pressure on margins and costs in the more recent interest‑rate environment. Even with that pullback, earnings remain solid and comfortably positive, which points to a fundamentally healthy core franchise. The story here is: slow and steady growth, with recent years reflecting a tougher, more competitive backdrop for regional banks rather than any obvious structural weakness.

Balance Sheet

Balance Sheet The balance sheet has gradually become larger, with total assets trending upward over time, which is consistent with a growing regional bank. Cash levels were very high a few years ago and have since come down, implying that more funds have been put to work in loans and securities rather than sitting idle. Debt remains present but relatively contained, while shareholder equity has been building, which supports a picture of conservative capitalization. Overall, the bank looks like it runs a traditional, balance‑sheet‑driven model with a cautious stance on leverage and an emphasis on deposit funding over wholesale borrowing.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive across the period shown, which is a key strength for any bank. Free cash flow has also stayed positive after accounting for investment spending, and capital expenditures have been modest, reflecting the asset‑light nature of banking and a focus on technology and branch upgrades rather than heavy physical build‑outs. The cash flow profile suggests a business that is dependable, not overly capital‑hungry, and with room to support dividends, buybacks, or small acquisitions when management chooses, subject to regulatory and risk considerations.

Competitive Edge

Competitive Edge First Financial’s edge comes from being a long‑standing community‑focused bank with very deep roots in its core markets. Its funding costs are a major advantage, allowing it to gather relatively inexpensive deposits and compete effectively on loan pricing while still protecting its margins. The bank is known for disciplined underwriting and historically strong credit quality, which is particularly important for a regional lender exposed to local economies. It also has differentiators beyond basic banking, including equipment leasing, tailored commercial lending, and wealth and trust services, all of which help build sticky, relationship‑driven business. The main competitive risks are larger national banks with more tech and marketing muscle, and fast‑moving fintechs that can raise customer expectations for digital experiences.

Innovation and R&D

Innovation and R&D Innovation here is practical rather than flashy. The bank has steadily modernized its digital banking platform, offering mobile and online services, peer‑to‑peer payments, mobile deposit, credit‑monitoring tools, and strengthened security through third‑party authentication partners. For businesses, it provides treasury management and customized solutions, and in equipment finance it positions itself as a consultative partner rather than just a lender. While it is not a technology leader compared with big national institutions or fintechs, it is clearly investing enough to keep its offerings competitive for its regional and community footprint. The key watchpoint is whether it can continue to enhance digital experiences and use data and analytics effectively without overspending or falling behind customer expectations.

Summary

First Financial Corporation looks like a traditional, conservatively run regional bank that has grown steadily while maintaining solid profitability and capital strength. Its core earnings have softened from peak levels, likely due to a more challenging rate and cost environment, but remain healthy. The balance sheet appears sound, with measured use of debt and growing equity. Cash flows are consistent and supportive of ongoing operations and strategic flexibility. Competitively, its long history, community relationships, low‑cost funding, and disciplined lending create a meaningful moat, supplemented by niche strengths in equipment leasing and wealth services. Innovation is incremental but sensible, focused on digital banking, security, and client convenience rather than high‑risk experimentation. Overall, the picture is of a stable, relationship‑driven regional bank adapting gradually to a more digital, competitive world while leaning on its long‑built franchise strengths.

NEWS

November 6, 2025 · 8:30 AM UTC

First Financial Corporation and CedarStone Financial, Inc. Sign Merger Agreement

Read more

September 18, 2025 · 9:30 AM UTC

First Financial Corporation Declares Quarterly Dividend

Read more