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First Financial Corporation operates as the bank holding company for First Financial Bank N.A. that provides various financial services for individuals and businesses in west-central Indiana, east-central Illinois, western Kentucky, central and eastern Tennessee, and northern Georgia in the United States. The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits; checking and savings accounts; personal and business certificates of deposit; and digital banking services. It also provides commercial loans primarily to expand a business or finance asset purchases; real estate mortgages, including residential real estate and residential real estate construction loans; home equity loans and lines, secured loans, cash/CD secured loans, and unsecured loans; mortgage refinance; personal and auto loans; and credit cards. In addition, the company offers lease financing, trust account, and depositor services; business services, including accounts receivable and payable, merchant services, fraud protection, money management, and workplace rewards; and wealth services. The company was formerly known as Terre Haute First Corporation and changed its name to First Financial Corporation in December 1984. First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $262M | - | $79M | $86M | 12.2% | 20.2% | 67.5% |
| 2024 | $218M | - | $47M | $54M | 8.6% | 3.7% | -22.1% |
| 2023 | $210M | - | $61M | $80M | 11.5% | -0.8% | -14.7% |
| 2022 | $212M | - | $71M | $77M | 15.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 211.76 | 209.96 | 217.76 | 261.84 |
| Pretax Income | 87.76 | 72.49 | 57.15 | 98.71 |
| Tax Provision | 16.65 | 11.82 | 9.88 | 19.51 |
| Net Income | 71.11 | 60.67 | 47.27 | 79.21 |
| Net Income Common Stockholders | 71.11 | 60.67 | 47.27 | 79.21 |
| Interest Expense | 18.26 | 61.13 | 89.76 | 85.72 |
| Interest Income | 183.30 | 228.40 | 264.74 | 305.59 |
| Selling General And Administration | 67.88 | 71.43 | 77.34 | 81.98 |
| Normalized Income | 71.11 | 60.67 | 47.27 | 79.21 |
| Basic EPS | 5.82 | 5.08 | 4 | 0 |
| Diluted EPS | 5.82 | 5.08 | 4 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.19 | 0.16 | 0.17 | 0.20 |
| Net Income From Continuing Operation Net Minority Interest | 71.11 | 60.67 | 47.27 | 79.21 |
| Reconciled Depreciation | 6.11 | 6.53 | 9.95 | 12.22 |
| Net Interest Income | 165.04 | 167.26 | 174.99 | 219.87 |
| Net Income From Continuing And Discontinued Operation | 71.11 | 60.67 | 47.27 | 79.21 |
| Diluted Average Shares | 12.21 | 11.94 | 11.81 | 0 |
| Basic Average Shares | 12.21 | 11.94 | 11.81 | 0 |
| Diluted NI Availto Com Stockholders | 71.11 | 60.67 | 47.27 | 79.21 |
| Net Income Including Noncontrolling Interests | 71.11 | 60.67 | 47.27 | 79.21 |
| Net Income Continuous Operations | 71.11 | 60.67 | 47.27 | 79.21 |
| Gain On Sale Of Security | 0 | 0 | 0.10 | -4.60 |
| General And Administrative Expense | 67.88 | 71.43 | 77.34 | 81.98 |
| Insurance And Claims | 2.33 | 2.91 | 2.79 | 2.85 |
| Salaries And Wages | 65.56 | 68.53 | 74.56 | 79.13 |
| Operating Revenue | 211.76 | 209.96 | 217.76 | 261.84 |
| Occupancy And Equipment | 22.16 | 23.37 | 27.23 | 29.45 |
| Other Non Interest Expense | 35.99 | 35.37 | 39.87 | 43.49 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Financial Corporationthis co. | THFF | $772M | 9.55↓ discount | 1.19 | 12.2% | - |
| First Community Bankshares, Inc. | FCBC | $804M | 16.14 | 1.56 | 9.7% | - |
| Capital City Bank Group, Inc. | CCBG | $788M | 13.05 | 1.41 | 11.1% | - |
| OppFi Inc. | OPFI | $785M | 9.28 | 4.29 | 8.5% | - |
| Bowhead Specialty Holdings Inc. | BOW |
| $784M |
| 15.01 |
| 1.74 |
| 12.0% |
| 9.66 |
| Velocity Financial, Inc. | VEL | $752M | 6.97 | 1.11 | 15.5% | - |
| Southern Missouri Bancorp, Inc. | SMBC | $751M | 11.80 | 1.34 | 10.8% | - |
| Great Southern Bancorp, Inc. | GSBC | $741M | 10.72 | 1.16 | 11.2% | - |
| Peapack-Gladstone Financial Corporation | PGC | $737M | 16.84 | 1.10 | 5.7% | - |
| Peer Median | - | 12.42 | 1.37 | 10.9% | 9.66 | |