Welcome to our dedicated page for First Financial news (Ticker: THFF), a resource for investors and traders seeking the latest updates and insights on First Financial stock.
First Financial Corporation (NASDAQ: THFF), one of the oldest banking institutions in the United States, provides essential financial services across the Midwest through its multi-bank holding structure. This dedicated news hub aggregates all official press releases, regulatory filings, and market-moving developments related to THFF’s operations.
Investors and analysts will find comprehensive coverage of earnings announcements, strategic initiatives, and leadership updates. The curated collection includes quarterly results, merger/acquisition activity, product launches, and compliance-related disclosures – all critical for assessing this historic bank’s market position.
Key content categories feature commercial lending expansions, mortgage rate adjustments, trust service innovations, and operational updates from THFF’s 80+ banking centers. Bookmark this page for streamlined access to primary-source materials that influence investment decisions and industry analysis.
First Financial Corporation (NASDAQ:THFF) reported its Q1 2023 results, revealing a net income of $16.0 million, down from $20.9 million in Q1 2022. The diluted earnings per share (EPS) also decreased to $1.33 from $1.67. Return on average assets fell to 1.32% from 1.63% year-over-year. However, pre-tax, pre-provision net income rose to $21.4 million, a slight increase from $19.7 million in the same period last year. Total loans outstanding increased by 9.82% year-over-year, reaching $3.08 billion. Average total deposits decreased by 4.66% to $4.17 billion, with a notable drop of $203.5 million from the previous quarter. The net interest income increased by 17.25% to $44.3 million, with a net interest margin improvement to 3.96%.
First Financial Corporation (NASDAQ:THFF) reported robust results for Q4 and the full year 2022. Net income surged to $16.5 million, up from $7.4 million in 2021, with diluted earnings per share rising to $1.37 from $0.58. For the full year, net income reached $71.1 million, a notable increase from $53.0 million. The return on average assets improved to 1.34%, and pre-tax, pre-provision net income rose to $21.7 million. Total loans grew by 14.5% year-over-year, while total deposits slightly increased by 1.7%. However, shareholder equity decreased by $107.3 million, reflecting a decline in the accumulated other comprehensive income.
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