First Financial Corporation Reports Third Quarter Results
First Financial Corporation (NASDAQ:THFF) reported third quarter 2025 results: net income $20.8M versus $8.7M in Q3 2024 and diluted EPS $1.75 versus $0.74. Net interest income hit a record $54.6M (+15.8% YoY) and net interest margin rose to 4.25%. Average loans grew to $3.93B (+6.02% YoY) and total loans outstanding reached $3.97B (+6.79% YoY). Provision for credit losses fell to $2.0M from $9.4M a year earlier; pre-tax, pre-provision income was $27.7M.
Deposits declined modestly to $4.62B; shareholders’ equity increased to $622.2M; book value per share was $52.50 and tangible book value per share was $42.75. Nonperforming loans rose to $19.3M (0.49% of loans).
First Financial Corporation (NASDAQ:THFF) ha riportato i risultati del terzo trimestre 2025: utile netto $20,8 milioni rispetto a $8,7 milioni nel Q3 2024 e EPS diluito $1,75 rispetto a $0,74. Entrate nette d'interessi hanno raggiunto un massimo storico di $54,6 milioni (+15,8% su base annua) e margine di interesse netto è salito al 4,25%. Prestiti medi sono aumentati a $3,93 miliardi (+6,02% su base annua) e i prestiti totali in essere hanno raggiunto $3,97 miliardi (+6,79% YoY). La provision for credit losses si è ridotta a $2,0 milioni da $9,4 milioni di un anno prima; prima delle imposte, reddito prima della prescrizione era $27,7 milioni.
I depositi sono diminuiti modestamente a $4,62 miliardi; il patrimonio dei azionisti è aumentato a $622,2 milioni; valore contabile per azione era $52,50 e valore contabile tangibile per azione era $42,75. I prestiti in sofferenza sono aumentati a $19,3 milioni (0,49% dei prestiti).
First Financial Corporation (NASDAQ:THFF) reportó los resultados del tercer trimestre de 2025: utilidad neta $20,8 millones frente a $8,7 millones en el 3T 2024 y EPS diluido $1,75 frente a $0,74. Ingreso neto por intereses alcanzó un récord de $54,6 millones (+15,8% interanual) y margen de interés neto subió a 4,25%. Préstamos promedio aumentaron a $3,93 mil millones (+6,02% interanual) y los préstamos totales en circulación alcanzaron $3,97 mil millones (+6,79% interanual). La reserva para pérdidas crediticias cayó a $2,0 millones desde $9,4 millones un año antes; antes de impuestos, ingreso antes de provisiones fue $27,7 millones.
Los depósitos descendieron ligeramente a $4,62 mil millones; el patrimonio de los accionistas se incrementó a $622,2 millones; el valor en libros por acción era $52,50 y el valor contable tangible por acción era $42,75. Las cuentas incobrables aumentaron a $19,3 millones (0,49% de los préstamos).
First Financial Corporation (NASDAQ:THFF)는 2025년 3분기 실적을 발표했습니다: 순이익 $20.8M 대 2024년 3분기 $8.7M 및 희석 주당순이익 $1.75 대 $0.74. 순이자수익은 사상 최대치인 $54.6M를 기록했고(+전년동기 대비 +15.8%), 순이자마진은 4.25%로 상승했습니다. 평균 대출은 $3.93B로 증가(+전년동기 대비 +6.02%), 총 대출 잔액도 $3.97B로(+전년동기 대비 +6.79%) 달성했습니다. 신용손실 적립금은 작년 같은 기간의 $9.4M에서 $2.0M로 감소했습니다; 세전, 대손충당전 이익은 $27.7M였습니다.
예금은 소폭 감소하여 $4.62B; 주주지분은 증가하여 $622.2M; 주당 장부가치는 $52.50, 실질 장부가치는 $42.75였습니다. 부실대출은 $19.3M으로 증가했고(대출의 0.49%).
First Financial Corporation (NASDAQ:THFF) a affiché les résultats du troisième trimestre 2025 : résultat net $20,8 M contre $8,7 M au T3 2024 et EPS dilué $1,75 contre $0,74. Revenu net d’intérêts a atteint un niveau record de $54,6 M (+YoY 15,8%) et marge nette d’intérêts a monté à 4,25%. Prêts moyens ont augmenté à $3,93 Md (+YoY 6,02%) et les prêts totaux en circulation ont atteint $3,97 Md (+YoY 6,79%). La provision pour pertes sur créances a diminué à $2,0 M contre $9,4 M un an plus tôt ; avant impôts, le revenu avant provision était $27,7 M.
Les dépôts ont diminué modestement à $4,62 Md ; les fonds propres des actionnaires ont augmenté à $622,2 M ; la valeur comptable par action était $52,50 et la valeur comptable tangible par action était $42,75. Les prêts non performants ont augmenté à $19,3 M (0,49% des prêts).
First Financial Corporation (NASDAQ:THFF) meldete die Ergebnisse des dritten Quartals 2025: Nettogewinn $20,8 Mio. gegenüber $8,7 Mio. im Q3 2024 und verwässertes EPS $1,75 gegenüber $0,74. Nettodurchschnittserträge aus Zinsen erreichten einen Rekord von $54,6 Mio. (+YoY 15,8%) und Nettomarge aus Zinsen stieg auf 4,25%. Durchschnittliche Kredite wuchsen auf $3,93 Mrd. (+ YoY 6,02%) und die gesamten ausstehenden Kredite erreichten $3,97 Mrd. (+ YoY 6,79%). Die Rückstellungen für Kreditverluste sanken auf $2,0 Mio. von $9,4 Mio. vor einem Jahr; vor Steuern, Einkommen vor Zuschüssen war $27,7 Mio..
Einlagen sanken moderat auf $4,62 Mrd.; das Eigenkapital der Aktionäre stieg auf $622,2 Mio.; Buchwert je Aktie betrug $52,50 und der immaterielle Buchwert je Aktie betrug $42,75. Ausstehende notleidende Kredite stiegen auf $19,3 Mio. (0,49% der Kredite).
First Financial Corporation (NASDAQ:THFF) أظهرت نتائج الربع الثالث من عام 2025: صافي الدخل 20.8 مليون دولار مقابل 8.7 مليون دولار في الربع الثالث 2024 و ربحية السهم المخفف 1.75 دولار مقابل 0.74 دولار. دخل الفوائد الصافية سجل مستوى قياسيًا قدره $54.6 مليون (+9.2% سنويًا تقريبًا) وارتفع هامش الفوائد الصافية إلى 4.25%. الإقراض المتوسط ارتفع إلى $3.93 مليار (+6.02% سنويًا) وبلغ إجمالي القروض القائمة $3.97 مليار (+6.79% سنويًا). ارتفع احتياطي الديون الائتمانية لمواجهة الخسائر إلى $2.0 مليون من $9.4 مليون قبل عام؛ قبل الضريبة، كان الدخل قبل المخصصات $27.7 مليون.
انخفضت الودائع بشكل طفيف إلى $4.62 مليار؛ زاد رأس المال للمساهمين إلى $622.2 مليون؛ وكانت القيمة الدفترية لكل سهم $52.50 والقيمة الدفترية الملموسة للسهم $42.75. ارتفعت القروض غير العاملة إلى $19.3 مليون (0.49% من القروض).
First Financial Corporation (NASDAQ:THFF) 公布了2025年第三季度业绩：净利润$2080万美元对比2024年Q3的$870万美元，且摊薄后每股收益$1.75对比$0.74。净利息收入创下记录，达到$54.6M（同比+15.8%），净利息收益率上升至4.25%。平均贷款增至$3.93B（同比+6.02%），总在手贷款达到$3.97B（同比+6.79%）。信用损失准备金降至$2.0M，较一年前的$9.4M下降；税前、准备前的收入为$27.7M。
存款略降至$4.62B；股东权益增至$622.2M；每股账面价值为$52.50，实质账面价值每股为$42.75。不良贷款增加至$19.3M（占贷款的0.49%）。
- Net income of $20.8M in Q3 2025 (vs $8.7M Q3 2024)
- Record net interest income $54.6M (+15.8% YoY)
- Average loans +6.02% YoY to $3.93B
- Nonperforming loans increased to $19.3M (0.49% of loans)
- Deposits down 2.42% YoY to $4.59B
- Effective tax rate rose to 20.18% from 16.44%
Insights
Strong quarterly profit growth driven by higher net interest income and lower credit provisions.
First Financial Corporation reported third-quarter net income of
Credit costs declined materially; the quarter’s provision for credit losses was
Watch the stability of loan quality and deposit trends over the next two to four quarters. Monitor quarterly provision levels, the nonperforming loan ratio, and net interest margin in upcoming reports through
TERRE HAUTE, Ind., Oct. 28, 2025 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced results for the third quarter of 2025.
- Net income was
$20.8 million compared to$8.7 million reported for the same period of 2024; - Diluted net income per common share of
$1.75 compared to$0.74 for the same period of 2024; - Return on average assets was
1.48% compared to0.64% for the three months ended September 30, 2024; - Provision for credit losses was
$2.0 million compared to provision of$9.4 million for the third quarter 2024; and - Pre-tax, pre-provision net income was
$27.7 million compared to$19.9 million for the same period in 2024.1
The Corporation further reported results for the nine months ended September 30, 2025:
- Net income was
$57.8 million compared to$31.0 million reported for the same period of 2024; - Diluted net income per common share of
$4.87 compared to$2.63 for the same period of 2024; - Return on average assets was
1.39% compared to0.82% for the nine months ended September 30, 2024; - Provision for credit losses was
$5.9 million compared to provision of$14.2 million for the nine months ended September 30, 2024; and - Pre-tax, pre-provision net income was
$78.3 million compared to$51.1 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 third quarter of 2025 were
Total Loans Outstanding
Total loans outstanding as of September 30, 2025, were
Norman D. Lowery, President and Chief Executive Officer, commented “We are satisfied with our third quarter performance, marking the eighth consecutive quarter of loan growth and maintaining robust pipelines. Additionally, we achieved another record in net interest income with our net margin increasing to
Average Total Deposits
Average total deposits for the quarter ended September 30, 2025, were
Total Deposits
Total deposits were
Shareholders’ Equity
Shareholders’ equity at September 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 third quarter of 2025 was a record
Net Interest Margin
The net interest margin for the quarter ended September 30, 2025, was
Nonperforming Loans
Nonperforming loans as of September 30, 2025, were
Credit Loss Provision
The provision for credit losses for the three months ended September 30, 2025, was
Net Charge-Offs
In the third quarter of 2025 net charge-offs were
Allowance for Credit Losses
The Corporation’s allowance for credit losses as of September 30, 2025, was
Non-Interest Income
Non-interest income for the three months ended September 30, 2025 and 2024 was
Non-Interest Expense
Non-interest expense for the three months ended September 30, 2025, was
Efficiency Ratio
The Corporation’s efficiency ratio was
Income Taxes
Income tax expense for the three months ended September 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 79 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 | Nine Months Ended | ||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| END OF PERIOD BALANCES | |||||||||||||||
| Assets | $ | 5,669,686 | $ | 5,602,969 | $ | 5,483,351 | $ | 5,669,686 | $ | 5,483,351 | |||||
| Deposits | $ | 4,615,305 | $ | 4,662,889 | $ | 4,717,489 | $ | 4,615,305 | $ | 4,717,489 | |||||
| Loans, including net deferred loan costs | $ | 3,967,401 | $ | 3,896,563 | $ | 3,715,235 | $ | 3,967,401 | $ | 3,715,235 | |||||
| Allowance for Credit Losses | $ | 47,411 | $ | 47,087 | $ | 46,169 | $ | 47,411 | $ | 46,169 | |||||
| Total Equity | $ | 622,218 | $ | 587,668 | $ | 565,951 | $ | 622,218 | $ | 565,951 | |||||
| Tangible Common Equity(a) | $ | 506,604 | $ | 470,894 | $ | 446,786 | $ | 506,604 | $ | 446,786 | |||||
| AVERAGE BALANCES | |||||||||||||||
| Total Assets | $ | 5,593,870 | $ | 5,529,225 | $ | 5,483,572 | $ | 5,543,954 | $ | 5,033,748 | |||||
| Earning Assets | $ | 5,270,173 | $ | 5,213,220 | $ | 5,165,520 | $ | 5,225,957 | $ | 4,762,940 | |||||
| Investments | $ | 1,248,519 | $ | 1,244,208 | $ | 1,342,037 | $ | 1,253,009 | $ | 1,309,879 | |||||
| Loans | $ | 3,928,817 | $ | 3,877,246 | $ | 3,705,779 | $ | 3,882,605 | $ | 3,361,207 | |||||
| Total Deposits | $ | 4,591,531 | $ | 4,651,051 | $ | 4,705,614 | $ | 4,631,155 | $ | 4,288,426 | |||||
| Interest-Bearing Deposits | $ | 3,783,393 | $ | 3,843,143 | $ | 4,403,454 | $ | 3,821,405 | $ | 3,714,432 | |||||
| Interest-Bearing Liabilities | $ | 359,579 | $ | 269,338 | $ | 157,227 | $ | 296,667 | $ | 176,985 | |||||
| Total Equity | $ | 601,034 | $ | 576,288 | $ | 546,912 | $ | 580,688 | $ | 529,174 | |||||
| INCOME STATEMENT DATA | |||||||||||||||
| Net Interest Income | $ | 54,603 | $ | 52,671 | $ | 47,170 | $ | 159,249 | $ | 125,384 | |||||
| Net Interest Income Fully Tax Equivalent(b) | $ | 56,033 | $ | 54,091 | $ | 48,630 | $ | 163,497 | $ | 129,600 | |||||
| Provision for Credit Losses | $ | 1,950 | $ | 1,950 | $ | 9,400 | $ | 5,850 | $ | 14,166 | |||||
| Non-interest Income | $ | 11,149 | $ | 10,381 | $ | 11,223 | $ | 32,041 | $ | 30,559 | |||||
| Non-interest Expense | $ | 38,048 | $ | 38,276 | $ | 38,564 | $ | 113,083 | $ | 104,637 | |||||
| Net Income | $ | 20,762 | $ | 18,586 | $ | 8,741 | $ | 57,754 | $ | 31,034 | |||||
| PER SHARE DATA | |||||||||||||||
| Basic and Diluted Net Income Per Common Share | $ | 1.75 | $ | 1.57 | $ | 0.74 | $ | 4.87 | $ | 2.63 | |||||
| Cash Dividends Declared Per Common Share | $ | 0.51 | $ | 0.51 | $ | 0.45 | $ | 1.53 | $ | 1.35 | |||||
| Book Value Per Common Share | $ | 52.50 | $ | 49.59 | $ | 47.93 | $ | 52.50 | $ | 47.93 | |||||
| Tangible Book Value Per Common Share(c) | $ | 40.96 | $ | 38.78 | $ | 36.22 | $ | 42.75 | $ | 37.84 | |||||
| Basic Weighted Average Common Shares Outstanding | 11,851 | 11,851 | 11,808 | 11,848 | 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 | Nine Months Ended | |||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||
| Return on average assets | 1.48 | % | 1.34 | % | 0.64 | % | 1.39 | % | 0.82 | % | |
| Return on average common shareholder's equity | 13.82 | % | 12.90 | % | 6.39 | % | 13.23 | % | 7.80 | % | |
| Efficiency ratio | 56.63 | % | 59.37 | % | 64.43 | % | 57.83 | % | 65.33 | % | |
| Average equity to average assets | 10.74 | % | 10.42 | % | 9.97 | % | 10.47 | % | 10.51 | % | |
| Net interest margin(a) | 4.25 | % | 4.15 | % | 3.78 | % | 4.17 | % | 3.63 | % | |
| Net charge-offs to average loans and leases | 0.17 | % | 0.18 | % | 0.49 | % | 0.18 | % | 0.43 | % | |
| Credit loss reserve to loans and leases | 1.20 | % | 1.21 | % | 1.24 | % | 1.20 | % | 1.24 | % | |
| Credit loss reserve to nonperforming loans | 246.14 | % | 480.72 | % | 326.65 | % | 246.14 | % | 326.65 | % | |
| Nonperforming loans to loans and leases | 0.49 | % | 0.25 | % | 0.38 | % | 0.49 | % | 0.38 | % | |
| Tier 1 leverage | 11.05 | % | 10.91 | % | 10.25 | % | 11.05 | % | 10.25 | % | |
| Risk-based capital - Tier 1 | 13.12 | % | 12.86 | % | 12.31 | % | 13.12 | % | 12.31 | % | |
_______________
(a) Net interest margin is calculated on a tax equivalent basis.
| Asset Quality | Three Months Ended | Nine Months Ended | |||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Accruing loans and leases past due 30-89 days | $ | 14,388 | $ | 22,303 | $ | 16,391 | $ | 14,388 | $ | 16,391 | |||||
| Accruing loans and leases past due 90 days or more | $ | 1,792 | $ | 1,917 | $ | 1,517 | $ | 1,792 | $ | 1,517 | |||||
| Nonaccrual loans and leases | $ | 17,470 | $ | 7,878 | $ | 12,617 | $ | 17,470 | $ | 12,617 | |||||
| Other real estate owned | $ | 138 | $ | 383 | $ | 169 | $ | 138 | $ | 169 | |||||
| Nonperforming loans and other real estate owned | $ | 19,400 | $ | 10,178 | $ | 14,303 | $ | 19,400 | $ | 14,303 | |||||
| Total nonperforming assets | $ | 22,243 | $ | 13,087 | $ | 17,179 | $ | 22,243 | $ | 17,179 | |||||
| Gross charge-offs | $ | 3,226 | $ | 2,928 | $ | 6,936 | $ | 9,395 | $ | 16,219 | |||||
| Recoveries | $ | 1,600 | $ | 1,230 | $ | 2,365 | $ | 4,224 | $ | 5,449 | |||||
| Net charge-offs/(recoveries) | $ | 1,626 | $ | 1,698 | $ | 4,571 | $ | 5,171 | $ | 10,770 | |||||
| Non-GAAP Reconciliations | Three Months Ended September 30, | |||||
| 2025 | 2024 | |||||
| ($in thousands, except EPS) | ||||||
| Income before Income Taxes | $ | 25,754 | $ | 10,429 | ||
| Provision for credit losses | 1,950 | 9,400 | ||||
| Provision for unfunded commitments | — | 100 | ||||
| Pre-tax, Pre-provision Income | $ | 27,704 | $ | 19,929 | ||
| Non-GAAP Reconciliations | Nine Months Ended September 30, | ||||||
| 2025 | 2024 | ||||||
| ($ in thousands, except EPS) | |||||||
| Income before Income Taxes | $ | 72,357 | $ | 37,140 | |||
| Provision for credit losses | 5,850 | 14,166 | |||||
| Provision for unfunded commitments | 100 | (200 | ) | ||||
| Pre-tax, Pre-provision Income | $ | 78,307 | $ | 51,106 | |||
| CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except per share data) | ||||||||
| September 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Cash and due from banks | $ | 87,438 | $ | 93,526 | ||||
| Federal funds sold | 157 | 820 | ||||||
| Securities available-for-sale | 1,186,107 | 1,195,990 | ||||||
| Loans: | ||||||||
| Commercial | 2,282,062 | 2,196,351 | ||||||
| Residential | 997,915 | 967,386 | ||||||
| Consumer | 682,438 | 668,058 | ||||||
| 3,962,415 | 3,831,795 | |||||||
| (Less) plus: | ||||||||
| Net deferred loan costs | 4,986 | 5,346 | ||||||
| Allowance for credit losses | (47,411 | ) | (46,732 | ) | ||||
| 3,919,990 | 3,790,409 | |||||||
| Restricted stock | 18,761 | 17,555 | ||||||
| Accrued interest receivable | 26,526 | 26,934 | ||||||
| Premises and equipment, net | 79,351 | 81,508 | ||||||
| Bank-owned life insurance | 130,747 | 128,766 | ||||||
| Goodwill | 98,229 | 100,026 | ||||||
| Other intangible assets | 17,385 | 21,545 | ||||||
| Other real estate owned | 138 | 523 | ||||||
| Other assets | 104,857 | 102,746 | ||||||
| TOTAL ASSETS | $ | 5,669,686 | $ | 5,560,348 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Deposits: | ||||||||
| Non-interest-bearing | $ | 849,978 | $ | 859,014 | ||||
| Interest-bearing: | ||||||||
| Certificates of deposit exceeding the FDIC insurance limits | 138,603 | 144,982 | ||||||
| Other interest-bearing deposits | 3,626,724 | 3,714,918 | ||||||
| 4,615,305 | 4,718,914 | |||||||
| Short-term borrowings | 182,522 | 187,057 | ||||||
| FHLB advances | 170,453 | 28,120 | ||||||
| Other liabilities | 79,188 | 77,216 | ||||||
| TOTAL LIABILITIES | 5,047,468 | 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 | 146,624 | 145,927 | ||||||
| Retained earnings | 726,989 | 687,366 | ||||||
| Accumulated other comprehensive income/(loss) | (98,635 | ) | (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 | 622,218 | 549,041 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,669,686 | $ | 5,560,348 | ||||
| CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Dollar amounts in thousands, except per share data) | ||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||
| September 30, | September 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| (unaudited) | ||||||||||||
| INTEREST INCOME: | ||||||||||||
| Loans, including related fees | $ | 67,070 | $ | 61,367 | $ | 195,457 | $ | 162,878 | ||||
| Securities: | ||||||||||||
| Taxable | 5,985 | 6,319 | 17,902 | 18,083 | ||||||||
| Tax-exempt | 2,689 | 2,715 | 7,915 | 7,919 | ||||||||
| Other | 900 | 1,294 | 2,579 | 2,989 | ||||||||
| TOTAL INTEREST INCOME | 76,644 | 71,695 | 223,853 | 191,869 | ||||||||
| INTEREST EXPENSE: | ||||||||||||
| Deposits | 18,002 | 22,197 | 54,696 | 59,622 | ||||||||
| Short-term borrowings | 1,916 | 993 | 5,007 | 2,928 | ||||||||
| Other borrowings | 2,123 | 1,335 | 4,901 | 3,935 | ||||||||
| TOTAL INTEREST EXPENSE | 22,041 | 24,525 | 64,604 | 66,485 | ||||||||
| NET INTEREST INCOME | 54,603 | 47,170 | 159,249 | 125,384 | ||||||||
| Provision for credit losses | 1,950 | 9,400 | 5,850 | 14,166 | ||||||||
| NET INTEREST INCOME AFTER PROVISION | ||||||||||||
| FOR LOAN LOSSES | 52,653 | 37,770 | 153,399 | 111,218 | ||||||||
| NON-INTEREST INCOME: | ||||||||||||
| Trust and financial services | 1,278 | 1,251 | 4,161 | 3,903 | ||||||||
| Service charges and fees on deposit accounts | 8,104 | 8,139 | 23,243 | 21,576 | ||||||||
| Other service charges and fees | 251 | 191 | 823 | 700 | ||||||||
| Securities gains (losses), net | 24 | 103 | 21 | 104 | ||||||||
| Interchange income | 176 | 177 | 570 | 490 | ||||||||
| Loan servicing fees | 338 | 274 | 830 | 957 | ||||||||
| Gain on sales of mortgage loans | 494 | 411 | 1,149 | 886 | ||||||||
| Other | 484 | 677 | 1,244 | 1,943 | ||||||||
| TOTAL NON-INTEREST INCOME | 11,149 | 11,223 | 32,041 | 30,559 | ||||||||
| NON-INTEREST EXPENSE: | ||||||||||||
| Salaries and employee benefits | 19,788 | 18,521 | 58,725 | 53,231 | ||||||||
| Occupancy expense | 2,738 | 2,556 | 7,886 | 7,116 | ||||||||
| Equipment expense | 4,811 | 4,280 | 13,903 | 12,736 | ||||||||
| FDIC Expense | 690 | 558 | 2,235 | 1,721 | ||||||||
| Other | 10,021 | 12,649 | 30,334 | 29,833 | ||||||||
| TOTAL NON-INTEREST EXPENSE | 38,048 | 38,564 | 113,083 | 104,637 | ||||||||
| INCOME BEFORE INCOME TAXES | 25,754 | 10,429 | 72,357 | 37,140 | ||||||||
| Provision for income taxes | 4,992 | 1,688 | 14,603 | 6,106 | ||||||||
| NET INCOME | 20,762 | 8,741 | 57,754 | 31,034 | ||||||||
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||
| Change in unrealized gains/(losses) on securities, net of reclassifications and taxes | 19,596 | 31,628 | 33,642 | 24,067 | ||||||||
| Change in funded status of post retirement benefits, net of taxes | 3 | 73 | 8 | 220 | ||||||||
| COMPREHENSIVE INCOME (LOSS) | $ | 40,361 | $ | 40,442 | $ | 91,404 | $ | 55,321 | ||||
| PER SHARE DATA | ||||||||||||
| Basic and Diluted Earnings per Share | $ | 1.75 | $ | 0.74 | $ | 4.87 | $ | 2.63 | ||||
| Weighted average number of shares outstanding (in thousands) | 11,851 | 11,808 | 11,848 | 11,809 | ||||||||
FAQ
What were First Financial (THFF) Q3 2025 earnings and EPS?
How did First Financial's net interest income and margin perform in Q3 2025 (THFF)?
What loan growth did First Financial (THFF) report in Q3 2025?
How did First Financial's provision for credit losses change in Q3 2025 (THFF)?
Did First Financial (THFF) report any change in capital or book value in Q3 2025?
What asset quality trends did First Financial (THFF) report for Q3 2025?
