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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 211.76 | 209.96 | 217.76 | 261.84 |
| Operating Revenue | - | 211.76 | 209.96 | 217.76 | 261.84 |
| Selling General And Administration | - | 67.88 | 71.43 | 77.34 | 81.98 |
| Interest Income | - | 183.30 | 228.40 | 264.74 | 305.59 |
| Interest Expense | - | 18.26 | 61.14 | 89.76 | 85.72 |
| Net Interest Income | - | 165.04 | 167.26 | 174.99 | 219.87 |
| Pretax Income | - | 87.76 | 72.49 | 57.15 | 98.71 |
| Tax Provision | - | 16.65 | 11.82 | 9.88 | 19.51 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Net Income From Continuing And Discontinued Operation | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Net Income From Continuing Operation Net Minority Interest | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Net Income | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Net Income Common Stockholders | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Net Income Including Noncontrolling Interests | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Normalized Income | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Diluted NI Availto Com Stockholders | - | 71.11 | 60.67 | 47.28 | 79.21 |
| Basic Average Shares | - | 12.21 | 11.94 | 11.81 | 11.85 |
| Diluted Average Shares | - | 12.21 | 11.94 | 11.81 | 11.85 |
| Reconciled Depreciation | - | 6.11 | 6.53 | 9.95 | 12.22 |
| Gain On Sale Of Security | - | 0 | 0 | 0.10 | -4.60 |
| General And Administrative Expense | - | 67.88 | 71.43 | 77.34 | 81.98 |
| Salaries And Wages | - | 65.56 | 68.53 | 74.56 | 79.13 |
| Insurance And Claims | - | 2.33 | 2.91 | 2.79 | 2.84 |
| Occupancy And Equipment | - | 22.16 | 23.37 | 27.23 | 29.46 |
| 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 | $840M | 10.61↓ discount | 1.29 | 12.2% | - |
| Camden National Corporation | CAC | $852M | 13.08 | 1.22 | 9.4% | - |
| Abacus Global Management, Inc. | ABX | $851M | 23.29 | 2.03 | 8.7% | 11.11 |
| Farmers National Banc Corp. | FMNB | $834M | 15.27 | 1.72 | 11.2% | - |
| Root, Inc. | ROOT |
| - |
| - |
| - |
| - |
| - |
| - |
| $833M |
| 20.67 |
| 2.93 |
| 14.2% |
| - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB | $823M | 14.64 | 1.01 | 6.9% | - |
| Employers Holdings, Inc. | EIG | $811M | 75.12 | 0.85 | 1.1% | - |
| loanDepot, Inc. | LDI | $811M | -12.94 | 3.46 | -26.7% | - |
| Peer Median | - | 14.95 | 1.47 | 7.8% | 11.11 | |