First Financial Corporation Reports Second Quarter Results
First Financial Corporation (NASDAQ:THFF) reported strong Q2 2025 financial results, with net income of $18.6 million, up from $11.4 million in Q2 2024. The company achieved diluted EPS of $1.57, compared to $0.96 in the same period last year.
Key highlights include a record net interest income of $52.7 million, up 34% year-over-year, and an improved net interest margin of 4.15%. The bank's loan portfolio grew to $3.90 billion, a 21.62% increase from Q2 2024, partly due to the SimplyBank acquisition. Asset quality improved with nonperforming loans decreasing to $9.8 million from $15.9 million year-over-year.
Total deposits reached $4.66 billion, up from $4.13 billion in Q2 2024, while the efficiency ratio improved to 59.37% from 64.56%. The bank maintained strong capital ratios with a Tier 1 leverage ratio of 10.91%.
First Financial Corporation (NASDAQ:THFF) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un utile netto di 18,6 milioni di dollari, in aumento rispetto agli 11,4 milioni di dollari del secondo trimestre 2024. La società ha raggiunto un utile per azione diluito di 1,57 dollari, rispetto a 0,96 dollari nello stesso periodo dell'anno precedente.
Tra i punti salienti si segnalano un reddito netto da interessi record di 52,7 milioni di dollari, in crescita del 34% su base annua, e un miglioramento del margine netto da interessi al 4,15%. Il portafoglio prestiti della banca è cresciuto fino a 3,90 miliardi di dollari, con un incremento del 21,62% rispetto al secondo trimestre 2024, in parte grazie all'acquisizione di SimplyBank. La qualità degli attivi è migliorata con i prestiti in sofferenza che sono diminuiti a 9,8 milioni di dollari dai 15,9 milioni dell'anno precedente.
I depositi totali hanno raggiunto 4,66 miliardi di dollari, in aumento rispetto ai 4,13 miliardi del secondo trimestre 2024, mentre il rapporto di efficienza è migliorato al 59,37% dal 64,56%. La banca ha mantenuto solidi coefficienti patrimoniali con un rapporto di leva Tier 1 del 10,91%.
First Financial Corporation (NASDAQ:THFF) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 18.6 millones de dólares, frente a los 11.4 millones en el segundo trimestre de 2024. La compañía logró un EPS diluido de 1.57 dólares, en comparación con 0.96 en el mismo período del año anterior.
Los aspectos más destacados incluyen un ingreso neto por intereses récord de 52.7 millones de dólares, un aumento del 34% interanual, y un margen neto por intereses mejorado del 4.15%. La cartera de préstamos del banco creció hasta 3.90 mil millones de dólares, un aumento del 21.62% respecto al segundo trimestre de 2024, en parte debido a la adquisición de SimplyBank. La calidad de los activos mejoró con préstamos morosos que disminuyeron a 9.8 millones desde 15.9 millones año tras año.
Los depósitos totales alcanzaron 4.66 mil millones de dólares, frente a 4.13 mil millones en el segundo trimestre de 2024, mientras que la ratio de eficiencia mejoró al 59.37% desde 64.56%. El banco mantuvo sólidos índices de capital con una ratio de apalancamiento Tier 1 del 10.91%.
First Financial Corporation (NASDAQ:THFF)는 2025년 2분기에 강력한 재무 실적을 보고했습니다. 순이익은 1,860만 달러로 2024년 2분기의 1,140만 달러에서 증가했습니다. 회사는 희석 주당순이익(EPS) 1.57달러를 기록했으며, 이는 전년 동기 0.96달러에 비해 상승한 수치입니다.
주요 성과로는 전년 대비 34% 증가한 기록적인 순이자수익 5,270만 달러와 4.15%로 개선된 순이자마진이 포함됩니다. 은행의 대출 포트폴리오는 SimplyBank 인수 덕분에 2024년 2분기 대비 21.62% 증가한 39억 달러에 달했습니다. 자산 건전성도 개선되어 부실 대출이 전년 대비 1,590만 달러에서 980만 달러로 감소했습니다.
총 예금은 2024년 2분기의 41억 3천만 달러에서 증가한 46억 6천만 달러에 도달했으며, 효율성 비율은 64.56%에서 59.37%로 개선되었습니다. 은행은 Tier 1 레버리지 비율 10.91%로 견고한 자본 비율을 유지했습니다.
First Financial Corporation (NASDAQ:THFF) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec un revenu net de 18,6 millions de dollars, en hausse par rapport à 11,4 millions de dollars au deuxième trimestre 2024. La société a réalisé un bénéfice dilué par action (BPA) de 1,57 dollar, contre 0,96 dollar sur la même période l'année précédente.
Les points clés incluent un revenu net d'intérêts record de 52,7 millions de dollars, en hausse de 34 % d'une année sur l'autre, et une marge nette d'intérêt améliorée à 4,15 %. Le portefeuille de prêts de la banque a augmenté pour atteindre 3,90 milliards de dollars, soit une hausse de 21,62 % par rapport au deuxième trimestre 2024, en partie grâce à l'acquisition de SimplyBank. La qualité des actifs s'est améliorée avec une baisse des prêts non performants à 9,8 millions de dollars contre 15,9 millions d'une année sur l'autre.
Les dépôts totaux ont atteint 4,66 milliards de dollars, contre 4,13 milliards au deuxième trimestre 2024, tandis que le ratio d'efficacité s'est amélioré à 59,37 % contre 64,56 %. La banque a maintenu de solides ratios de capital avec un ratio de levier Tier 1 de 10,91 %.
First Financial Corporation (NASDAQ:THFF) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 18,6 Millionen US-Dollar, gegenüber 11,4 Millionen US-Dollar im zweiten Quartal 2024. Das Unternehmen erzielte ein verwässertes Ergebnis je Aktie (EPS) von 1,57 US-Dollar, verglichen mit 0,96 US-Dollar im gleichen Zeitraum des Vorjahres.
Zu den wichtigsten Highlights zählen ein rekordverdächtiges Nettozinsergebnis von 52,7 Millionen US-Dollar, ein Anstieg von 34 % im Jahresvergleich, sowie eine verbesserte Nettozinsmarge von 4,15 %. Das Kreditportfolio der Bank wuchs auf 3,90 Milliarden US-Dollar, ein Anstieg von 21,62 % gegenüber dem zweiten Quartal 2024, teilweise bedingt durch die Übernahme von SimplyBank. Die Vermögensqualität verbesserte sich, da notleidende Kredite von 15,9 Millionen auf 9,8 Millionen US-Dollar zurückgingen.
Die Gesamteinlagen erreichten 4,66 Milliarden US-Dollar, gegenüber 4,13 Milliarden US-Dollar im zweiten Quartal 2024, während sich die Effizienzquote von 64,56 % auf 59,37 % verbesserte. Die Bank hielt starke Kapitalquoten mit einer Tier-1-Leverage-Ratio von 10,91 % aufrecht.
- Net income increased 63% to $18.6 million vs $11.4 million in Q2 2024
- Record net interest income of $52.7 million, up 34% year-over-year
- Net interest margin expanded to 4.15% from 3.57%
- Nonperforming loans decreased to $9.8 million from $15.9 million year-over-year
- Efficiency ratio improved to 59.37% from 64.56%
- Book value per share increased 10.40% to $49.59
- Tangible common equity to tangible asset ratio declined to 8.58% from 9.14% year-over-year
- Tier 1 leverage ratio decreased to 10.91% from 12.14% in Q2 2024
Insights
First Financial posted strong Q2 results with 63% higher net income YoY, expanding margins, and improved asset quality.
First Financial Corporation delivered impressive Q2 2025 results, with
The bank's net interest margin expanded significantly to
Loan growth has been a key driver, with average total loans increasing by
Asset quality metrics showed significant improvement, with nonperforming loans decreasing to
The bank's efficiency ratio improved to
The SimplyBank acquisition has been successfully integrated, contributing to both loan and deposit growth, with deposits up
TERRE HAUTE, Ind., July 22, 2025 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced results for the second quarter of 2025.
- Net income was
$18.6 million compared to$11.4 million reported for the same period of 2024; - Diluted net income per common share of
$1.57 compared to$0.96 for the same period of 2024; - Return on average assets was
1.34% compared to0.94% for the three months ended June 30, 2024; - Provision for credit losses was
$2.0 million compared to provision of$3.0 million for the second quarter 2024; and - Pre-tax, pre-provision net income was
$24.9 million compared to$16.2 million for the same period in 2024.1
The Corporation further reported results for the six months ended June 30, 2025:
- Net income was
$37.0 million compared to$22.3 million reported for the same period of 2024; - Diluted net income per common share of
$3.12 compared to$1.89 for the same period of 2024; - Return on average assets was
1.34% compared to0.93% for the six months ended June 30, 2024; - Provision for credit losses was
$3.9 million compared to provision of$4.8 million for the six months ended June 30, 2024; and - Pre-tax, pre-provision net income was
$50.6 million compared to$31.2 million for the same period in 2024.1
________________________
1 Non-GAAP financial measure that Management believes is useful for investors and management to understand pre-tax profitability before giving effect to credit loss expense and to provide additional perspective on the Corporation’s performance over time as well as comparison to the Corporation’s peers and evaluating the financial results of the Corporation – please refer to the Non GAAP reconciliations contained in this release.
Average Total Loans
Average total loans for the second quarter of 2025 were
Total Loans Outstanding
Total loans outstanding as of June 30, 2025, were
Norman D. Lowery, President and Chief Executive Officer, commented “We are pleased with our second quarter results, as we have experienced our 7th consecutive quarter of loan growth. We also had another record quarter of net interest income and saw our net margin expand to
Average Total Deposits
Average total deposits for the quarter ended June 30, 2025, were
Total Deposits
Total deposits were
Shareholders’ Equity
Shareholders’ equity at June 30, 2025, was
Book Value Per Share
Book Value per share was
Tangible Common Equity to Tangible Asset Ratio
The Corporation’s tangible common equity to tangible asset ratio was
Net Interest Income
Net interest income for the second quarter of 2025 was a record
Net Interest Margin
The net interest margin for the quarter ended June 30, 2025, was
Nonperforming Loans
Nonperforming loans as of June 30, 2025, were
Credit Loss Provision
The provision for credit losses for the three months ended June 30, 2025, was
Net Charge-Offs
In the second quarter of 2025 net charge-offs were
Allowance for Credit Losses
The Corporation’s allowance for credit losses as of June 30, 2025, was
Non-Interest Income
Non-interest income for the three months ended June 30, 2025 and 2024 was
Non-Interest Expense
Non-interest expense for the three months ended June 30, 2025, was
Efficiency Ratio
The Corporation’s efficiency ratio was
Income Taxes
Income tax expense for the three months ended June 30, 2025, was
About First Financial Corporation
First Financial Corporation (NASDAQ:THFF) is the holding company for First Financial Bank N.A., which is the fifth oldest national bank in the United States, operating 83 banking centers in Illinois, Indiana, Kentucky, Tennessee, and Georgia. Additional information is available at www.first-online.bank.
Investor Contact:
Rodger A. McHargue
Chief Financial Officer
P: 812-238-6334
E: rmchargue@first-online.com
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | |||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| END OF PERIOD BALANCES | |||||||||||||||
| Assets | $ | 5,602,969 | $ | 5,549,094 | $ | 4,891,068 | $ | 5,602,969 | $ | 4,891,068 | |||||
| Deposits | $ | 4,662,889 | $ | 4,640,003 | $ | 4,132,327 | $ | 4,662,889 | $ | 4,132,327 | |||||
| Loans, including net deferred loan costs | $ | 3,896,563 | $ | 3,854,020 | $ | 3,204,009 | $ | 3,896,563 | $ | 3,204,009 | |||||
| Allowance for Credit Losses | $ | 47,087 | $ | 46,835 | $ | 38,334 | $ | 47,087 | $ | 38,334 | |||||
| Total Equity | $ | 587,668 | $ | 571,945 | $ | 530,670 | $ | 587,668 | $ | 530,670 | |||||
| Tangible Common Equity (a) | $ | 470,894 | $ | 451,874 | $ | 438,569 | $ | 470,894 | $ | 438,569 | |||||
| AVERAGE BALANCES | |||||||||||||||
| Total Assets | $ | 5,529,225 | $ | 5,508,767 | $ | 4,813,308 | $ | 5,518,996 | $ | 4,808,836 | |||||
| Earning Assets | $ | 5,213,220 | $ | 5,194,478 | $ | 4,556,839 | $ | 5,203,849 | $ | 4,561,650 | |||||
| Investments | $ | 1,244,208 | $ | 1,266,300 | $ | 1,279,278 | $ | 1,255,254 | $ | 1,293,800 | |||||
| Loans | $ | 3,877,246 | $ | 3,841,752 | $ | 3,197,695 | $ | 3,859,499 | $ | 3,188,921 | |||||
| Total Deposits | $ | 4,651,051 | $ | 4,650,883 | $ | 4,113,826 | $ | 4,650,967 | $ | 4,079,832 | |||||
| Interest-Bearing Deposits | $ | 3,843,143 | $ | 3,837,679 | $ | 3,413,752 | $ | 3,840,411 | $ | 3,369,921 | |||||
| Interest-Bearing Liabilities | $ | 269,338 | $ | 261,174 | $ | 152,303 | $ | 265,256 | $ | 186,864 | |||||
| Total Equity | $ | 576,288 | $ | 564,742 | $ | 517,890 | $ | 570,515 | $ | 520,305 | |||||
| INCOME STATEMENT DATA | |||||||||||||||
| Net Interest Income | $ | 52,671 | $ | 51,975 | $ | 39,294 | $ | 104,646 | $ | 78,214 | |||||
| Net Interest Income Fully Tax Equivalent (b) | $ | 54,091 | $ | 53,373 | $ | 40,673 | $ | 107,464 | $ | 80,970 | |||||
| Provision for Credit Losses | $ | 1,950 | $ | 1,950 | $ | 2,966 | $ | 3,900 | $ | 4,766 | |||||
| Non-interest Income | $ | 10,381 | $ | 10,511 | $ | 9,905 | $ | 20,892 | $ | 19,336 | |||||
| Non-interest Expense | $ | 38,276 | $ | 36,759 | $ | 32,651 | $ | 75,035 | $ | 66,073 | |||||
| Net Income | $ | 18,586 | $ | 18,406 | $ | 11,369 | $ | 36,992 | $ | 22,293 | |||||
| PER SHARE DATA | |||||||||||||||
| Basic and Diluted Net Income Per Common Share | $ | 1.57 | $ | 1.55 | $ | 0.96 | $ | 3.12 | $ | 1.89 | |||||
| Cash Dividends Declared Per Common Share | $ | 0.51 | $ | 0.51 | $ | 0.45 | $ | 1.02 | $ | 0.90 | |||||
| Book Value Per Common Share | $ | 49.59 | $ | 48.26 | $ | 44.92 | $ | 49.59 | $ | 44.92 | |||||
| Tangible Book Value Per Common Share (c) | $ | 38.78 | $ | 38.13 | $ | 36.04 | $ | 39.74 | $ | 37.12 | |||||
| Basic Weighted Average Common Shares Outstanding | 11,851 | 11,842 | 11,814 | 11,847 | 11,809 | ||||||||||
________________________
(a) Tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible common equity by excluding goodwill and other intangible assets from shareholder’s equity.
(b) Net interest income fully tax equivalent is a non-GAAP financial measure derived from GAAP-based amounts. We calculate net interest income fully tax equivalent by adding back the tax equivalent factor of tax exempt income to net interest income. We calculate the tax equivalent factor of tax exempt income by dividing tax exempt income by the net of tax rate of
(c) Tangible book value per common share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate the factor by dividing average tangible common equity by average shares outstanding. We calculate average tangible common equity by excluding average intangible assets from average shareholder’s equity.
| Key Ratios | Three Months Ended | Six Months Ended | |||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | |||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Return on average assets | 1.34 | % | 1.34 | % | 0.94 | % | 1.34 | % | 0.93 | % | |||||
| Return on average common shareholder's equity | 12.90 | % | 13.04 | % | 8.78 | % | 12.97 | % | 8.57 | % | |||||
| Efficiency ratio | 59.37 | % | 57.54 | % | 64.56 | % | 58.46 | % | 65.87 | % | |||||
| Average equity to average assets | 10.42 | % | 10.25 | % | 10.76 | % | 10.34 | % | 10.82 | % | |||||
| Net interest margin (a) | 4.15 | % | 4.11 | % | 3.57 | % | 4.13 | % | 3.55 | % | |||||
| Net charge-offs to average loans and leases | 0.18 | % | 0.19 | % | 0.59 | % | 0.18 | % | 0.39 | % | |||||
| Credit loss reserve to loans and leases | 1.21 | % | 1.22 | % | 1.20 | % | 1.21 | % | 1.20 | % | |||||
| Credit loss reserve to nonperforming loans | 480.72 | % | 460.57 | % | 240.85 | % | 480.72 | % | 240.85 | % | |||||
| Nonperforming loans to loans and leases | 0.25 | % | 0.26 | % | 0.50 | % | 0.25 | % | 0.50 | % | |||||
| Tier 1 leverage | 10.91 | % | 10.63 | % | 12.14 | % | 10.91 | % | 12.14 | % | |||||
| Risk-based capital - Tier 1 | 12.86 | % | 12.70 | % | 14.82 | % | 12.86 | % | 14.82 | % | |||||
________________________
(a) Net interest margin is calculated on a tax equivalent basis.
| Asset Quality | Three Months Ended | Six Months Ended | |||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | |||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Accruing loans and leases past due 30-89 days | $ | 22,303 | $ | 17,007 | $ | 14,913 | $ | 22,303 | $ | 14,913 | |||||
| Accruing loans and leases past due 90 days or more | $ | 1,917 | $ | 1,109 | $ | 1,353 | $ | 1,917 | $ | 1,353 | |||||
| Nonaccrual loans and leases | $ | 7,878 | $ | 9,060 | $ | 14,563 | $ | 7,878 | $ | 14,563 | |||||
| Other real estate owned | $ | 383 | $ | 560 | $ | 170 | $ | 383 | $ | 170 | |||||
| Nonperforming loans and other real estate owned | $ | 10,178 | $ | 10,729 | $ | 16,086 | $ | 10,178 | $ | 16,086 | |||||
| Total nonperforming assets | $ | 13,087 | $ | 13,631 | $ | 18,978 | $ | 13,087 | $ | 18,978 | |||||
| Gross charge-offs | $ | 2,928 | $ | 3,241 | $ | 6,091 | $ | 6,169 | $ | 9,283 | |||||
| Recoveries | $ | 1,230 | $ | 1,394 | $ | 1,414 | $ | 2,624 | $ | 3,084 | |||||
| Net charge-offs/(recoveries) | $ | 1,698 | $ | 1,847 | $ | 4,677 | $ | 3,545 | $ | 6,199 | |||||
| Non-GAAP Reconciliations | Three Months Ended June 30, | |||||||
| 2025 | 2024 | |||||||
| ($in thousands, except EPS) | ||||||||
| Income before Income Taxes | $ | 22,826 | $ | 13,582 | ||||
| Provision for credit losses | 1,950 | 2,966 | ||||||
| Provision for unfunded commitments | 100 | (300 | ) | |||||
| Pre-tax, Pre-provision Income | $ | 24,876 | $ | 16,248 | ||||
| Non-GAAP Reconciliations | Six Months Ended June 30, | |||||||
| 2025 | 2024 | |||||||
| ($ in thousands, except EPS) | ||||||||
| Income before Income Taxes | $ | 46,603 | $ | 26,711 | ||||
| Provision for credit losses | 3,900 | 4,766 | ||||||
| Provision for unfunded commitments | 100 | (300 | ) | |||||
| Pre-tax, Pre-provision Income | $ | 50,603 | $ | 31,177 | ||||
| CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except per share data) | ||||||||
| June 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Cash and due from banks | $ | 97,265 | $ | 93,526 | ||||
| Federal funds sold | 853 | 820 | ||||||
| Securities available-for-sale | 1,169,956 | 1,195,990 | ||||||
| Loans: | ||||||||
| Commercial | 2,222,015 | 2,196,351 | ||||||
| Residential | 987,738 | 967,386 | ||||||
| Consumer | 681,538 | 668,058 | ||||||
| 3,891,291 | 3,831,795 | |||||||
| (Less) plus: | ||||||||
| Net deferred loan costs | 5,272 | 5,346 | ||||||
| Allowance for credit losses | (47,087 | ) | (46,732 | ) | ||||
| 3,849,476 | 3,790,409 | |||||||
| Restricted stock | 17,528 | 17,555 | ||||||
| Accrued interest receivable | 25,888 | 26,934 | ||||||
| Premises and equipment, net | 79,741 | 81,508 | ||||||
| Bank-owned life insurance | 130,072 | 128,766 | ||||||
| Goodwill | 98,229 | 100,026 | ||||||
| Other intangible assets | 18,545 | 21,545 | ||||||
| Other real estate owned | 383 | 523 | ||||||
| Other assets | 115,033 | 102,746 | ||||||
| TOTAL ASSETS | $ | 5,602,969 | $ | 5,560,348 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Deposits: | ||||||||
| Non-interest-bearing | $ | 859,699 | $ | 859,014 | ||||
| Interest-bearing: | ||||||||
| Certificates of deposit exceeding the FDIC insurance limits | 143,780 | 144,982 | ||||||
| Other interest-bearing deposits | 3,659,410 | 3,714,918 | ||||||
| 4,662,889 | 4,718,914 | |||||||
| Short-term borrowings | 149,512 | 187,057 | ||||||
| FHLB advances | 122,677 | 28,120 | ||||||
| Other liabilities | 80,223 | 77,216 | ||||||
| TOTAL LIABILITIES | 5,015,301 | 5,011,307 | ||||||
| Shareholders’ equity | ||||||||
| Common stock, $.125 stated value per share; | ||||||||
| Authorized shares-40,000,000 | ||||||||
| Issued shares-16,190,157 in 2025 and 16,165,023 in 2024 | ||||||||
| Outstanding shares-11,850,645 in 2025 and 11,842,539 in 2024 | 2,020 | 2,018 | ||||||
| Additional paid-in capital | 146,391 | 145,927 | ||||||
| Retained earnings | 712,271 | 687,366 | ||||||
| Accumulated other comprehensive income/(loss) | (118,234 | ) | (132,285 | ) | ||||
| Less: Treasury shares at cost-4,339,512 in 2025 and 4,322,484 in 2024 | (154,780 | ) | (153,985 | ) | ||||
| TOTAL SHAREHOLDERS’ EQUITY | 587,668 | 549,041 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,602,969 | $ | 5,560,348 | ||||
| CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Dollar amounts in thousands, except per share data) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (unaudited) | ||||||||||||||||
| INTEREST INCOME: | ||||||||||||||||
| Loans, including related fees | $ | 64,775 | $ | 51,459 | $ | 128,387 | $ | 101,511 | ||||||||
| Securities: | ||||||||||||||||
| Taxable | 5,915 | 5,833 | 11,917 | 11,764 | ||||||||||||
| Tax-exempt | 2,622 | 2,601 | 5,226 | 5,204 | ||||||||||||
| Other | 865 | 878 | 1,679 | 1,695 | ||||||||||||
| TOTAL INTEREST INCOME | 74,177 | 60,771 | 147,209 | 120,174 | ||||||||||||
| INTEREST EXPENSE: | ||||||||||||||||
| Deposits | 18,495 | 19,694 | 36,694 | 37,425 | ||||||||||||
| Short-term borrowings | 1,398 | 959 | 3,091 | 1,935 | ||||||||||||
| Other borrowings | 1,613 | 824 | 2,778 | 2,600 | ||||||||||||
| TOTAL INTEREST EXPENSE | 21,506 | 21,477 | 42,563 | 41,960 | ||||||||||||
| NET INTEREST INCOME | 52,671 | 39,294 | 104,646 | 78,214 | ||||||||||||
| Provision for credit losses | 1,950 | 2,966 | 3,900 | 4,766 | ||||||||||||
| NET INTEREST INCOME AFTER PROVISION | ||||||||||||||||
| FOR LOAN LOSSES | 50,721 | 36,328 | 100,746 | 73,448 | ||||||||||||
| NON-INTEREST INCOME: | ||||||||||||||||
| Trust and financial services | 1,490 | 1,318 | 2,883 | 2,652 | ||||||||||||
| Service charges and fees on deposit accounts | 7,554 | 6,730 | 15,139 | 13,437 | ||||||||||||
| Other service charges and fees | 256 | 286 | 572 | 509 | ||||||||||||
| Securities gains (losses), net | (3 | ) | — | (3 | ) | — | ||||||||||
| Interchange income | 180 | 135 | 394 | 314 | ||||||||||||
| Loan servicing fees | 326 | 414 | 492 | 683 | ||||||||||||
| Gain on sales of mortgage loans | 430 | 299 | 655 | 475 | ||||||||||||
| Other | 148 | 723 | 760 | 1,266 | ||||||||||||
| TOTAL NON-INTEREST INCOME | 10,381 | 9,905 | 20,892 | 19,336 | ||||||||||||
| NON-INTEREST EXPENSE: | ||||||||||||||||
| Salaries and employee benefits | 19,689 | 17,380 | 38,937 | 34,710 | ||||||||||||
| Occupancy expense | 2,472 | 2,201 | 5,148 | 4,560 | ||||||||||||
| Equipment expense | 4,587 | 4,312 | 9,092 | 8,456 | ||||||||||||
| FDIC Expense | 795 | 501 | 1,545 | 1,163 | ||||||||||||
| Other | 10,733 | 8,257 | 20,313 | 17,184 | ||||||||||||
| TOTAL NON-INTEREST EXPENSE | 38,276 | 32,651 | 75,035 | 66,073 | ||||||||||||
| INCOME BEFORE INCOME TAXES | 22,826 | 13,582 | 46,603 | 26,711 | ||||||||||||
| Provision for income taxes | 4,240 | 2,213 | 9,611 | 4,418 | ||||||||||||
| NET INCOME | 18,586 | 11,369 | 36,992 | 22,293 | ||||||||||||
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||
| Change in unrealized gains/(losses) on securities, net of reclassifications and taxes | 2,946 | 3,535 | 14,046 | (7,561 | ) | |||||||||||
| Change in funded status of post retirement benefits, net of taxes | 2 | 74 | 5 | 147 | ||||||||||||
| COMPREHENSIVE INCOME (LOSS) | $ | 21,534 | $ | 14,978 | $ | 51,043 | $ | 14,879 | ||||||||
| PER SHARE DATA | ||||||||||||||||
| Basic and Diluted Earnings per Share | $ | 1.57 | $ | 0.96 | $ | 3.12 | $ | 1.89 | ||||||||
| Weighted average number of shares outstanding (in thousands) | 11,851 | 11,814 | 11,847 | 11,809 | ||||||||||||
FAQ
What was First Financial's (THFF) earnings per share in Q2 2025?
How much did First Financial's (THFF) net interest income grow in Q2 2025?
What was THFF's loan growth in Q2 2025?
How did First Financial's asset quality perform in Q2 2025?
What was First Financial's deposit base in Q2 2025?
