First Financial Corporation  (THFF)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $36.8900 $-0.34 -0.913%
Day's High: $37.2 Week Perf: -0.4 %
Day's Low: $ 36.29 30 Day Perf: -6.42 %
Volume (M): 48 52 Wk High: $ 44.91
Volume (M$): $ 1,785 52 Wk Avg: $36.67
Open: $37.07 52 Wk Low: $31.00

 Market Capitalization (Millions $) 439
 Shares Outstanding (Millions) 12
 Employees 896
 Revenues (TTM) (Millions $) 211
 Net Income (TTM) (Millions $) 67
 Cash Flow (TTM) (Millions $) -259
 Capital Exp. (TTM) (Millions $) 5

First Financial Corporation

First Financial 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, depositor services and insurance services through its four subsidiaries.

First Financial Bank, N.A. is the largest bank in Vigo County, Ind. It operates 11 full-service banking branches within the county; three in Clay County, Ind.; one in Daviess County, Ind.; one in Gibson County, Ind.; one in Greene County, Ind.; three in Knox County, Ind.; four in Parke County, Ind.; one in Putnam County, Ind., four in Sullivan County, Ind.; one in Vanderburgh, County.; four in Vermillion County, Ind.; five in Champaign County, Illinois; one in Clark County, Ill.; three in Coles County, Ill.; two in Crawford County, Ill.; two in Franklin County, Ill.; one in Jasper County, Ill.; two in Jefferson County, Ill.; one in Lawrence County, Ill.; two in Livingston County, Illinois; two in Marion County, Ill.; one in Montgomery County, Ill.; three in McLean County, Illinois; two in Richland County, Ill.; six in Vermilion County, Ill.; and one in Wayne County, Ill. In addition to its branches, it has a main office in downtown Terre Haute and a 50,000-square-foot commercial building on South Third Street in Terre Haute, which serves as the Corporations operations center and provides additional office space. The Morris Plan Company of Terre Haute, Inc. (“Morris Plan”) has one office and is located in Vigo County. Forrest Sherer Inc. is a regional supplier of insurance, surety and other financial products. Forrest Sherer has more than 58 professionals and over 91 years of service to both businesses and households in their market area. The agency has representation agreements with more than 40 regional and national insurers to market their products of property and casualty insurance, surety bonds, employee benefit plans, life insurance and annuities. FFB Risk Management Co., Inc. located in Las Vegas, Nevada is a captive insurance subsidiary which insures various liability and property damage policies for First Financial Corporation subsidiaries.

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.
The Corporation strives to maintain a geographically diverse commercial real estate portfolio. Commercial real estate loans are primarily underwritten based upon the cash flows of the underlying real estate or from the cash flows of the business conducted at the real estate. Generally, these types of loans will be fully guaranteed by the principal owners of the real estate and loan amounts must be supported by adequate collateral value. Commercial real estate loans may be adversely affected by factors in the local market, the regional economy, or industry specific factors. In addition, Commercial Construction loans are a specific type of commercial real estate loan which inherently carry more risk than loans for completed projects. Since these types of loans are underwritten utilizing estimated costs, feasibility studies, and estimated absorption rates, the underlying value of the project may change based upon the inaccuracy of these projections. Commercial construction loans are closely monitored, subject to industry standards, and disbursements are controlled during the construction process.

Retail real estate mortgages that are secured by 1-4 family residences are generally owner occupied and include residential real estate and residential real estate construction loans. The Corporation typically establishes a maximum loan-to-value ratio and generally requires private mortgage insurance if the ratio is exceeded. The Corporation sells substantially all of its long-term fixed mortgages to secondary market purchasers. Mortgages sold to secondary market purchasers are underwritten to specific guidelines. The Corporation originates some mortgages that are maintained in the bank’s loan portfolio. Portfolio loans are generally adjustable rate mortgages and are underwritten to conform to Qualified Mortgage standards. Several factors are considered in underwriting all Mortgages including the value of the underlying real estate, debt-to-income ratio and credit history of the borrower. Repayment is primarily dependent upon the personal income of the borrower and can be impacted by changes in borrower’s circumstances such as changes in employment status and changes in real estate property values. Risk is mitigated by the sale of substantially all long-term fixed rate mortgages, the underwriting of portfolio loans to Qualified Mortgage standards and the fact that mortgages are generally smaller individual amounts spread over a large number of borrowers.

The consumer portfolio primarily consists of home equity loans and lines (typically secured by a subordinate lien on a 1-4 family residence), secured loans (typically secured by automobiles, boats, recreational vehicles, or motorcycles), cash/CD secured, and unsecured loans. Pricing, loan terms, and loan to value guidelines vary by product line. The underlying value of collateral dependent loans may vary based on a number of economic conditions, including fluctuations in home prices and unemployment levels. Underwriting of consumer loans is based on the individual credit profile and analysis of the debt repayment capacity for each borrower. Payments for consumer loans is typically set-up on equal monthly installments, however, future repayment may be impacted by a change in economic conditions or a change in the personal income levels of individual customers. Overall risks within the consumer portfolio are mitigated by the mix of various loan products, lending in various markets and the overall make-up of the portfolio (small loan sizes and a large number of individual borrowers).

   Company Address: One First Financial Plaza Terre Haute 47807 IN
   Company Phone Number: 238-6000   Stock Exchange / Ticker: NASDAQ THFF
   THFF is expected to report next financial results on March 07, 2024.

Customers Net Income fell by THFF's Customers Net Profit Margin grew to

-8.6 %

11.16 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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First Financial Corporation

First Financial Corporation's Disappointing Q3 Numbers Raise Concerns Amidst Challenging Market Conditions

First Financial Corporation (NASDAQ: THFF) has reported disappointing numbers for the third quarter of the 2023 earnings season, indicating a bearish outlook for the company. With a decrease in profits of -8.67% to $1.37 per share and a decline in revenue of -4.829% to $51.58 million year on year, the company's performance has fallen far behind its competitors in the Regional Banks sector.
While the rest of the Regional Banks sector recorded a 0.95% rise in revenue during the same period compared to the previous year, First Financial Corporation struggled to maintain growth. Even when comparing the recent numbers from the prior reporting season, First Financial Corporation only managed a modest growth in revenue of 1.45% from $50.84 million. Moreover, income saw a meager improvement of 3.01% from $1.33 per share.


First Financial Corporation: Dividend Declaration Ignites Investor Interest Amid Surging Stock Performance

Published Tue, Nov 21 2023 9:00 PM UTC

In an exciting development for shareholders, First Financial Corporation (NASDAQ: THFF) has recently declared a quarterly dividend of 45 cents per share, scheduled to be paid on January 16, 2024. As stated in the press release dated November 21, 2023, this announcement comes as a result of the diligent work of the directors at First Financial Corporation, headquart...

First Financial Corporation

First Financial Corporation Experiences Significant Revenue Decrease of 12.494% Amidst Challenging Business Climate in Q2 2023

Revenue and profits for First Financial Corporation, a leading financial services company, experienced a decline in the second quarter of 2023. The company reported a -20.36% decrease in income per share to $1.33 and a -12.494% year-on-year drop in revenue. These financial results indicate a challenging period for First Financial Corporation, with revenue at $50.84 million, compared to $58.10 million in the previous fiscal period ending June 30, 2022. However, the company's performance remained stable when compared to the previous three months, with income per share unaffected and revenue decreasing by -2.061% to $51.91 million.
Notably, net earnings for the April to June 2023 period totaled $15.987 million, demonstrating a -23.59% decline from $20.924 million during the same period a year earlier. This dip in net earnings is concerning but should be viewed in the context of broader market conditions.

First Financial Corporation

First Financial Corporation's Remarkable Financial Performance Fuels Investors' Confidence and Sets a New Growth Trajectory

First Financial Corporation, a publicly traded company, recently released its financial report for the period ending on March 31, 2023. The report revealed some noteworthy figures that signify the company's growth and progress in the market.
The company showed a respectable elevation in terms of its EPS (Earnings Per Share) in the March 31 2023 report. EPS had grown rapidly by 130.01% year on year to $1.33 per share. This means that the company made $1.33 in earnings for every share that it had in circulation. This figure indicates a significant increase in the company's profitability and strengthened investor confidence.


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