First Financial Corporation Reports 2025 Results
MWN-AI** Summary
First Financial Corporation (NASDAQ: THFF) reported strong financial results for both the fourth quarter and full year of 2025, marking a significant year-over-year improvement. For Q4 2025, the net income surged to $21.5 million, up from $16.2 million in Q4 2024, while diluted net income per share rose to $1.81 from $1.37. The return on average assets improved to 1.52%, up from 1.18% in the same quarter last year. The corporation's provision for credit losses increased slightly to $2.4 million compared to $2.0 million a year ago.
For the entire year, First Financial's net income reached $79.2 million, a notable rise from $47.3 million in 2024, with diluted net income per share jumping to $6.68 from $4.00. Return on average assets for the year was 1.42%, a considerable increase from 0.92% in 2024. The allowance for credit losses for the year was reduced to $8.2 million from $16.2 million, highlighting improved asset quality.
Loans continued to show organic growth, with average total loans climbing to $3.97 billion, marking a 4.84% increase from the previous year. Total loans outstanding also rose to $4.06 billion, demonstrating the corporation's effective lending strategy.
Despite a decline in average total deposits, which fell to $4.64 billion from $4.76 billion, total deposits remained robust at $4.55 billion as of December 31, 2025. The bank also observed a record net interest income of $60.6 million for Q4, a significant increase from the previous year's $49.6 million.
Overall, First Financial Corporation's performance in 2025 reflects solid growth in net income and asset quality, positioning the bank favorably as it moves into 2026, with a strong capital base and ability to navigate the current market environment.
MWN-AI** Analysis
First Financial Corporation (NASDAQ:THFF) has demonstrated notable growth and resilience in its 2025 financial results, showcasing a robust expansion in net income, earnings per share, and loan growth, despite facing challenges in deposit levels and non-interest income fluctuations.
The fourth quarter net income surged to $21.5 million, up from $16.2 million year-over-year, reflecting a strong return on average assets at 1.52%, compared to 1.18% for the prior year. Importantly, the bank reported a commendable record in net interest income ($60.6 million), resulting from a healthy net interest margin increasing to 4.66%. This improvement is indicative of robust loan demand, particularly in commercial and auto loans, revealing strong lending activity that can be leveraged for future growth.
However, it is essential for investors to be cautious of the slight decline in total deposits, dropping to $4.55 billion from $4.72 billion, signaling potential liquidity challenges or increased competition in attracting depositors. Additionally, the non-interest income experienced a decline due to restructuring losses, which could pose questions about revenue diversification.
Furthermore, the increase in allowance for credit losses indicates a proactive approach to managing potential defaults, although nonperforming loans slightly rose to 0.36%. Investors should be aware of credit quality while assessing future earnings.
Looking ahead, First Financial is well-positioned as it embarks on 2026 with strong momentum, capital reserves, and continued loan growth. The efficiency ratio improved significantly to 58.17%, showcasing enhanced operational effectiveness. Given the stock's performance and the company’s strategic focus on sustainable growth, THFF appears to be a solid investment option.
Investors should consider the company’s historical performance, market conditions, and peer comparisons to gauge potential investment opportunities while remaining mindful of deposit trends and credit management strategies.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TERRE HAUTE, Ind., Feb. 03, 2026 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced results for the fourth quarter of 2025.
- Net income was $21.5 million compared to $16.2 million reported for the same period of 2024;
- Diluted net income per common share of $1.81 compared to $1.37 for the same period of 2024;
- Return on average assets was 1.52% compared to 1.18% for the three months ended December 31, 2024;
- Provision for credit losses was $2.4 million compared to provision of $2.0 million for the fourth quarter 2024; and
- Pre-tax, pre-provision net income was $29.4 million compared to $22.3 million for the same period in 2024.1
The Corporation further reported results for the year ended December 31, 2025:
- Net income was $79.2 million compared to $47.3 million reported for the same period of 2024;
- Diluted net income per common share of $6.68 compared to $4.00 for the same period of 2024;
- Return on average assets was 1.42% compared to 0.92% for the twelve months ended December 31, 2024;
- Provision for credit losses was $8.2 million compared to provision of $16.2 million for the twelve months ended December 31, 2024; and
- Pre-tax, pre-provision net income was $107.7 million compared to $73.4 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 fourth quarter of 2025 were $3.97 billion versus $3.79 billion for the comparable period in 2024, an increase of $183 million or 4.84%. On a linked quarter basis, average loans increased $45 million or 1.15% from $3.93 billion as of September 30, 2025.
Total Loans Outstanding
Total loans outstanding as of December 31, 2025, were $4.06 billion compared to $3.84 billion as of December 31, 2024, an increase of $218 million or 5.69%. On a linked quarter basis, total loans increased $87.9 million or 2.22% from $3.97 billion as of September 30, 2025. Organic growth was primarily driven by increases in Commercial Construction and Development, Commercial Real Estate, and Consumer Auto loans.
Norman D. Lowery, President and Chief Executive Officer, commented “We are pleased with our fourth quarter and full year 2025 performance, marking the ninth consecutive quarter of loan growth and surpassing $4 billion in loans for the first time. Additionally, we achieved another record in net interest income and record net income for 2025. We have good momentum as we enter 2026, our capital remains strong and we believe we are well positioned for the current market environment.”
Average Total Deposits
Average total deposits for the quarter ended December 31, 2025, were $4.64 billion versus $4.76 billion as of December 31, 2024, a decrease of $116 million, or 2.44%. On a linked quarter basis, average deposits increased $50 million or 1.08% from $4.59 billion as of September 30, 2025.
Total Deposits
Total deposits were $4.55 billion as of December 31, 2025, compared to $4.72 billion as of December 31, 2024. On a linked quarter basis, total deposits decreased $64.2 million or 1.39% from $4.62 billion as of September 30, 2025. Non-interest bearing deposits were $916.5 million, and time deposits were $704.0 million as of December 31, 2025, compared to $859.0 million and $749.4 million, respectively for the same period of 2024.
Shareholders’ Equity
Shareholders’ equity at December 31, 2025, was $650.9 million compared to $549.0 million on December 31, 2024. During the last twelve months, the Corporation has not repurchased any shares of its common stock. 518,860 shares remain available for repurchase under the current repurchase authorization. The Corporation paid a $0.51 per share quarterly dividend in October and declared a $0.56 quarterly dividend, which was paid on January 15, 2026.
Book Value Per Share
Book Value per share was $54.78 as of December 31, 2025, compared to $46.36 as of December 31, 2024, an increase of $8.42 per share, or 18.17%. Tangible Book Value per share was $45.15 as of December 31, 2025, compared to $36.10 as of December 31, 2024, an increase of $9.05 per share or 25.07%.
Tangible Common Equity to Tangible Asset Ratio
The Corporation’s tangible common equity to tangible asset ratio was 9.51% at December 31, 2025, compared to 7.86% at December 31, 2024.
Net Interest Income
Net interest income for the fourth quarter of 2025 was a record $60.6 million, compared to $49.6 million reported for the same period of 2024, an increase of $11.0 million, or 22.2%. Interest income increased $8.9 million and interest expense decreased $2.2 million year over year. The quarter included $4.6 million interest recovery and fees on non-accrual from the resolution of an impaired credit acquired in a merger in 2019.
Net Interest Margin
The net interest margin for the quarter ended December 31, 2025, was 4.66% compared to the 3.94% reported at December 31, 2024.
Nonperforming Loans
Nonperforming loans as of December 31, 2025, were $14.8 million versus $13.3 million as of December 31, 2024. The ratio of nonperforming loans to total loans and leases was 0.36% as of December 31, 2025, versus 0.35% as of December 31, 2024. On a linked quarter basis, nonperforming loans were $19.3 million, and the ratio of nonperforming loans to total loans and leases was 0.49% as of September 30, 2025.
Credit Loss Provision
The provision for credit losses for the three months ended December 31, 2025, was $2.4 million, compared to $2.0 million for the same period 2024.
Net Charge-Offs
In the fourth quarter of 2025 net charge-offs were $1.8 million compared to $1.4 million in the same period of 2024.
Allowance for Credit Losses
The Corporation’s allowance for credit losses as of December 31, 2025, was $48.0 million compared to $46.7 million as of December 31, 2024. The allowance for credit losses as a percent of total loans was 1.18% as of December 31, 2025, compared to 1.22% as of December 31, 2024. On a linked quarter basis, the allowance for credit losses as a percent of total loans decreased two basis points from 1.20% as of September 30, 2025.
Non-Interest Income
Non-interest income for the three months ended December 31, 2025 and 2024 was $9.9 million and $12.2 million, respectively. The quarter included $4.6 million of losses associated with an investment portfolio restructuring in which $80 million of securities were sold and reinvested at an approximately two percent higher yield. There was also a $2.4 million accrual adjustment with the Corporation’s transition to paid time-off from the existing vacation and sick time accruals.
Non-Interest Expense
Non-interest expense for the three months ended December 31, 2025, was $41.8 million compared to $39.8 million in 2024. The quarter included $1.4 million of expenses related to the pending acquisition of CedarStone Financial announced on November 6, 2025, and an additional $1.3 million of one-time expenses.
Efficiency Ratio
The Corporation’s efficiency ratio was 58.17% for the quarter ending December 31, 2025, versus 62.98% for the same period in 2024.
Income Taxes
Income tax expense for the three months ended December 31, 2025, was $4.9 million versus $3.8 million for the same period in 2024. The effective tax rate for 2025 was 19.76% compared to 17.28% for 2024.
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 | Year Ended | |||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||
| END OF PERIOD BALANCES | ||||||||||||||
| Assets | $ | 5,756,126 | $ | 5,669,686 | $ | 5,560,348 | $ | 5,756,126 | $ | 5,560,348 | ||||
| Deposits | $ | 4,551,111 | $ | 4,615,305 | $ | 4,718,914 | $ | 4,551,111 | $ | 4,718,914 | ||||
| Loans, including net deferred loan costs | $ | 4,055,303 | $ | 3,967,401 | $ | 3,837,141 | $ | 4,055,303 | $ | 3,837,141 | ||||
| Allowance for Credit Losses | $ | 47,995 | $ | 47,411 | $ | 46,732 | $ | 47,995 | $ | 46,732 | ||||
| Total Equity | $ | 649,725 | $ | 622,218 | $ | 549,041 | $ | 649,725 | $ | 549,041 | ||||
| Tangible Common Equity(a) | $ | 535,262 | $ | 506,604 | $ | 427,470 | $ | 535,262 | $ | 427,470 | ||||
| AVERAGE BALANCES | ||||||||||||||
| Total Assets | $ | 5,654,790 | $ | 5,593,870 | $ | 5,516,036 | $ | 5,571,663 | $ | 5,154,320 | ||||
| Earning Assets | $ | 5,334,253 | $ | 5,270,173 | $ | 5,196,352 | $ | 5,253,031 | $ | 4,871,293 | ||||
| Investments | $ | 1,258,077 | $ | 1,248,519 | $ | 1,311,415 | $ | 1,254,276 | $ | 1,310,263 | ||||
| Loans | $ | 3,973,985 | $ | 3,928,817 | $ | 3,790,515 | $ | 3,905,450 | $ | 3,468,534 | ||||
| Total Deposits | $ | 4,641,267 | $ | 4,591,531 | $ | 4,757,438 | $ | 4,633,683 | $ | 4,405,679 | ||||
| Interest-Bearing Deposits | $ | 3,790,653 | $ | 3,783,393 | $ | 3,925,740 | $ | 3,813,717 | $ | 3,767,259 | ||||
| Interest-Bearing Liabilities | $ | 326,493 | $ | 359,579 | $ | 134,553 | $ | 304,146 | $ | 166,377 | ||||
| Total Equity | $ | 640,172 | $ | 601,034 | $ | 556,330 | $ | 595,559 | $ | 535,963 | ||||
| INCOME STATEMENT DATA | ||||||||||||||
| Net Interest Income | $ | 60,619 | $ | 54,603 | $ | 49,602 | $ | 219,868 | $ | 174,986 | ||||
| Net Interest Income Fully Tax Equivalent(b) | $ | 62,003 | $ | 56,033 | $ | 50,985 | $ | 225,500 | $ | 180,586 | ||||
| Provision for Credit Losses | $ | 2,350 | $ | 1,950 | $ | 2,000 | $ | 8,200 | $ | 16,166 | ||||
| Non-interest Income | $ | 9,931 | $ | 11,149 | $ | 12,213 | $ | 41,972 | $ | 42,772 | ||||
| Non-interest Expense | $ | 41,843 | $ | 38,048 | $ | 39,801 | $ | 154,926 | $ | 144,438 | ||||
| Net Income | $ | 21,454 | $ | 20,762 | $ | 16,241 | $ | 79,208 | $ | 47,275 | ||||
| PER SHARE DATA | ||||||||||||||
| Basic and Diluted Net Income Per Common Share | $ | 1.81 | $ | 1.75 | $ | 1.37 | $ | 6.68 | $ | 4.00 | ||||
| Cash Dividends Declared Per Common Share | $ | 0.56 | $ | 0.51 | $ | 0.51 | $ | 2.09 | $ | 1.86 | ||||
| Book Value Per Common Share | $ | 54.78 | $ | 52.50 | $ | 46.36 | $ | 54.78 | $ | 46.36 | ||||
| Tangible Book Value Per Common Share(c) | $ | 44.31 | $ | 40.96 | $ | 36.77 | $ | 45.15 | $ | 36.10 | ||||
| Basic Weighted Average Common Shares Outstanding | 11,865 | 11,851 | 11,824 | 11,852 | 11,812 |
____________________
(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 75%.
(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 | Year Ended | ||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Return on average assets | 1.52 | % | 1.48 | % | 1.18 | % | 1.42 | % | 0.92 | % | ||||
| Return on average common shareholder's equity | 13.41 | % | 13.82 | % | 11.68 | % | 13.30 | % | 8.82 | % | ||||
| Efficiency ratio | 58.17 | % | 56.63 | % | 62.98 | % | 57.92 | % | 64.67 | % | ||||
| Average equity to average assets | 11.32 | % | 10.74 | % | 10.09 | % | 10.69 | % | 10.40 | % | ||||
| Net interest margin(a) | 4.66 | % | 4.25 | % | 3.94 | % | 4.29 | % | 3.71 | % | ||||
| Net charge-offs to average loans and leases | 0.18 | % | 0.17 | % | 0.15 | % | 0.18 | % | 0.35 | % | ||||
| Credit loss reserve to loans and leases | 1.18 | % | 1.20 | % | 1.22 | % | 1.18 | % | 1.22 | % | ||||
| Credit loss reserve to nonperforming loans | 325.30 | % | 246.14 | % | 351.37 | % | 325.30 | % | 351.37 | % | ||||
| Nonperforming loans to loans and leases | 0.36 | % | 0.49 | % | 0.35 | % | 0.36 | % | 0.35 | % | ||||
| Tier 1 leverage | 11.25 | % | 11.05 | % | 10.38 | % | 11.25 | % | 10.38 | % | ||||
| Risk-based capital - Tier 1 | 13.21 | % | 13.12 | % | 12.43 | % | 13.21 | % | 12.43 | % |
____________________
(a) Net interest margin is calculated on a tax equivalent basis.
| Asset Quality | Three Months Ended | Year Ended | ||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Accruing loans and leases past due 30-89 days | $ | 17,294 | $ | 14,388 | $ | 22,486 | $ | 17,294 | $ | 22,486 | ||||
| Accruing loans and leases past due 90 days or more | $ | 1,083 | $ | 1,792 | $ | 1,821 | $ | 1,083 | $ | 1,821 | ||||
| Nonaccrual loans and leases | $ | 13,671 | $ | 17,470 | $ | 11,479 | $ | 13,671 | $ | 11,479 | ||||
| Other real estate owned | $ | 94 | $ | 138 | $ | 523 | $ | 94 | $ | 523 | ||||
| Nonperforming loans and other real estate owned | $ | 14,848 | $ | 19,400 | $ | 13,823 | $ | 14,848 | $ | 13,823 | ||||
| Total nonperforming assets | $ | 17,698 | $ | 22,243 | $ | 16,719 | $ | 17,698 | $ | 16,719 | ||||
| Gross charge-offs | $ | 3,415 | $ | 3,226 | $ | 3,070 | $ | 12,810 | $ | 19,289 | ||||
| Recoveries | $ | 1,649 | $ | 1,600 | $ | 1,633 | $ | 5,873 | $ | 7,082 | ||||
| Net charge-offs/(recoveries) | $ | 1,766 | $ | 1,626 | $ | 1,437 | $ | 6,937 | $ | 12,207 | ||||
| Non-GAAP Reconciliations | Three Months Ended December 31, | ||||
| 2025 | 2024 | ||||
| ($ in thousands, except EPS) | |||||
| Income before Income Taxes | $ | 26,357 | $ | 20,014 | |
| Provision for credit losses | 2,350 | 2,000 | |||
| Provision for unfunded commitments | 700 | 300 | |||
| Pre-tax, Pre-provision Income | $ | 29,407 | $ | 22,314 | |
| Non-GAAP Reconciliations | Year Ended December 31, | ||||
| 2025 | 2024 | ||||
| ($ in thousands, except EPS) | |||||
| Income before Income Taxes | $ | 98,714 | $ | 57,154 | |
| Provision for credit losses | 8,200 | 16,166 | |||
| Provision for unfunded commitments | 800 | 100 | |||
| Pre-tax, Pre-provision Income | $ | 107,714 | $ | 73,420 | |
| CONSOLIDATED BALANCE SHEETS (Dollar amounts in thousands, except per share data) | |||||||
| December 31, | December 31, | ||||||
| 2025 | 2024 | ||||||
| (unaudited) | |||||||
| ASSETS | |||||||
| Cash and due from banks | $ | 130,369 | $ | 93,526 | |||
| Federal funds sold | 475 | 820 | |||||
| Securities available-for-sale | 1,149,526 | 1,195,990 | |||||
| Loans: | |||||||
| Commercial | 2,375,344 | 2,196,351 | |||||
| Residential | 986,955 | 967,386 | |||||
| Consumer | 688,135 | 668,058 | |||||
| 4,050,434 | 3,831,795 | ||||||
| (Less) plus: | |||||||
| Net deferred loan costs | 4,869 | 5,346 | |||||
| Allowance for credit losses | (47,995 | ) | (46,732 | ) | |||
| 4,007,308 | 3,790,409 | ||||||
| Restricted stock | 18,536 | 17,555 | |||||
| Accrued interest receivable | 27,762 | 26,934 | |||||
| Premises and equipment, net | 78,582 | 81,508 | |||||
| Bank-owned life insurance | 131,286 | 128,766 | |||||
| Goodwill | 98,229 | 100,026 | |||||
| Other intangible assets | 16,234 | 21,545 | |||||
| Other real estate owned | 94 | 523 | |||||
| Other assets | 97,725 | 102,746 | |||||
| TOTAL ASSETS | $ | 5,756,126 | $ | 5,560,348 | |||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||
| Deposits: | |||||||
| Non-interest-bearing | $ | 916,473 | $ | 859,014 | |||
| Interest-bearing: | |||||||
| Certificates of deposit exceeding the FDIC insurance limits | 135,605 | 144,982 | |||||
| Other interest-bearing deposits | 3,499,033 | 3,714,918 | |||||
| 4,551,111 | 4,718,914 | ||||||
| Short-term borrowings | 292,468 | 187,057 | |||||
| FHLB advances | 188,208 | 28,120 | |||||
| Other liabilities | 73,470 | 77,216 | |||||
| TOTAL LIABILITIES | 5,105,257 | 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-11,880,759 in 2025 and 11,842,539 in 2024 | 2,021 | 2,018 | |||||
| Additional paid-in capital | 147,442 | 145,927 | |||||
| Retained earnings | 741,793 | 687,366 | |||||
| Accumulated other comprehensive income/(loss) | (86,681 | ) | (132,285 | ) | |||
| Less: Treasury shares at cost-4,309,398 in 2025 and 4,322,484 in 2024 | (153,706 | ) | (153,985 | ) | |||
| TOTAL SHAREHOLDERS’ EQUITY | 650,869 | 549,041 | |||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,756,126 | $ | 5,560,348 | |||
| CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Dollar amounts in thousands, except per share data) | |||||||||||
| Year Ended | |||||||||||
| December 31, | |||||||||||
| 2025 | 2024 | 2023 | |||||||||
| (unaudited) | |||||||||||
| INTEREST INCOME: | |||||||||||
| Loans, including related fees | $ | 267,795 | $ | 226,262 | $ | 189,641 | |||||
| Securities: | |||||||||||
| Taxable | 23,822 | 24,237 | 24,643 | ||||||||
| Tax-exempt | 10,650 | 10,533 | 10,573 | ||||||||
| Other | 3,321 | 3,710 | 3,540 | ||||||||
| TOTAL INTEREST INCOME | 305,588 | 264,742 | 228,397 | ||||||||
| INTEREST EXPENSE: | |||||||||||
| Deposits | 72,433 | 81,071 | 51,694 | ||||||||
| Short-term borrowings | 6,502 | 4,284 | 5,370 | ||||||||
| Other borrowings | 6,785 | 4,401 | 4,071 | ||||||||
| TOTAL INTEREST EXPENSE | 85,720 | 89,756 | 61,135 | ||||||||
| NET INTEREST INCOME | 219,868 | 174,986 | 167,262 | ||||||||
| Provision for credit losses | 8,200 | 16,166 | 7,295 | ||||||||
| NET INTEREST INCOME AFTER PROVISION | |||||||||||
| FOR LOAN LOSSES | 211,668 | 158,820 | 159,967 | ||||||||
| NON-INTEREST INCOME: | |||||||||||
| Trust and financial services | 5,777 | 5,468 | 5,155 | ||||||||
| Service charges and fees on deposit accounts | 31,388 | 29,653 | 28,079 | ||||||||
| Other service charges and fees | 1,097 | 999 | 801 | ||||||||
| Securities gains/(losses), net | (4,600 | ) | 103 | (1 | ) | ||||||
| Interchange income | 755 | 655 | 676 | ||||||||
| Loan servicing fees | 1,170 | 1,259 | 1,176 | ||||||||
| Gain on sales of mortgage loans | 1,453 | 1,153 | 966 | ||||||||
| Other | 4,932 | 3,482 | 5,850 | ||||||||
| TOTAL NON-INTEREST INCOME | 41,972 | 42,772 | 42,702 | ||||||||
| NON-INTEREST EXPENSE: | |||||||||||
| Salaries and employee benefits | 79,132 | 74,555 | 68,525 | ||||||||
| Occupancy expense | 10,455 | 9,616 | 9,351 | ||||||||
| Equipment expense | 19,000 | 17,612 | 14,020 | ||||||||
| FDIC Expense | 2,845 | 2,788 | 2,907 | ||||||||
| Other | 43,494 | 39,867 | 35,373 | ||||||||
| TOTAL NON-INTEREST EXPENSE | 154,926 | 144,438 | 130,176 | ||||||||
| INCOME BEFORE INCOME TAXES | 98,714 | 57,154 | 72,493 | ||||||||
| Provision for income taxes | 19,506 | 9,879 | 11,821 | ||||||||
| NET INCOME | 79,208 | 47,275 | 60,672 | ||||||||
| OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||
| Change in unrealized gains/(losses) on securities, net of reclassifications and taxes | 44,449 | (9,807 | ) | 10,896 | |||||||
| Change in funded status of post retirement benefits, net of taxes | 1,155 | 4,609 | 1,991 | ||||||||
| COMPREHENSIVE INCOME (LOSS) | $ | 124,812 | $ | 42,077 | $ | 73,559 | |||||
| PER SHARE DATA | |||||||||||
| Basic and Diluted Earnings per Share | $ | 6.68 | $ | 4.00 | $ | 5.08 | |||||
| Weighted average number of shares outstanding (in thousands) | 11,852 | 11,812 | 11,937 | ||||||||
FAQ**
How did First Financial Corporation Indiana THFF manage to achieve a record net income of $79.2 million for the year ended December 32025, compared to $47.3 million in 2024, and what key factors contributed to this growth?
What strategies are being implemented by First Financial Corporation Indiana THFF to address the slight decrease in average total deposits from $4.76 billion in 20to $4.64 billion in 2025, and what implications does this have for future growth?
Considering the increase in the provision for credit losses from $2.0 million in Q4 2024 to $2.4 million in Q4 2025, what risks is First Financial Corporation Indiana THFF identifying and how are they planning to mitigate these potential credit risks moving forward?
With the impressive improvement in net interest margin from 3.9to 4.66%, what measures is First Financial Corporation Indiana THFF taking to maintain or further enhance this margin in the evolving market conditions of 2026?
**MWN-AI FAQ is based on asking OpenAI questions about First Financial Corporation Indiana (NASDAQ: THFF).
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