Key Takeaways First Financial will acquire BankFinancial in an all-stock deal valued at about $142 million.Acquisition will add 18 BankFinancial centers, strengthening its Chicagoland market reach.Move aligns with First Financials broader Midwest expansion strategy across key states.First Financial Corporation Indiana (THFF) has entered into an agreement to acquire BankFinancial Corporation (BFIN) , a Chicago-based financial institution, in an all-stock transaction valued at approximately $142 million. The ...

Table of Contents Commission File Number 0-16759 FIRST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | Indiana | 35-1546989 | | --- | --- | | (State or other jurisdiction | (I.R.S. Employer | | incorporation or organization) | Identification No.) | UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June 30, 2025 ☐ TRANSITION RE ...

Core Insights - First Financial's shares have increased approximately 19% over the past year, reaching a new 52-week high due to significant improvements in operating returns [1] Group 1 - The company has demonstrated solid performance in the stock market, attributed to its effective operational strategies [1] - The positive trend in operating returns has been consistently highlighted, indicating a favorable outlook for the company's financial health [1]

Core Insights - First Financial Corp. reported a revenue of $63.05 million for the quarter ended June 2025, reflecting a year-over-year increase of 28.2% [1] - The earnings per share (EPS) for the quarter was $1.57, up from $0.96 in the same quarter last year, resulting in an EPS surprise of +9.79% against the consensus estimate of $1.43 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $62.3 million by +1.21% [1] Financial Metrics - The net interest margin for First Financial Corp. was 4.2%, slightly above the average estimate of 4.1% from two analysts [4] - The efficiency ratio was reported at 59.4%, better than the average estimate of 60.2% from two analysts [4] - Total non-interest income was $10.38 million, which fell short of the estimated $10.65 million by two analysts [4] - The gain on the sale of mortgage loans was $0.43 million, exceeding the average estimate of $0.35 million from two analysts [4] Stock Performance - Over the past month, shares of First Financial Corp. have returned +6%, compared to a +5.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

First Financial Corp. (THFF) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.79%. A quarter ago, it was expected that this holding company for First Financial Bank would post earnings of $1.29 per share when it actually produced earnings of $1.55, delivering a surprise of +20.16%.O ...

One First Financial Plaza, Terre Haute, Indiana 47807 (812) 238-6000 First Financial Corporation Reports Second Quarter Results Terre Haute, Indiana, July 22, 2025 – First Financial Corporation (NASDAQ:THFF) today announced results for the second quarter of 2025. The Corporation further reported results for the six months ended June 30, 2025: 1 Non-GAAP financial measure that Management believes is useful for investors and management to understand pre- tax profitability before giving ef ect to credit loss e ...

Company Overview - First Financial Corp. (THFF) is headquartered in Terre Haute and operates in the Finance sector [3] - The stock has experienced a price change of 10% since the beginning of the year [3] Dividend Information - First Financial Corp. currently pays a dividend of $0.51 per share, resulting in a dividend yield of 4.01%, which is higher than the Banks - Midwest industry's yield of 3.21% and the S&P 500's yield of 1.59% [3] - The annualized dividend of $2.04 represents a 51.1% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, averaging an annual increase of 15.55% [4] - The current payout ratio is 44%, indicating that the company pays out 44% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, First Financial Corp. anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $6.02 per share, reflecting a year-over-year growth rate of 50.50% [5] Investment Appeal - First Financial Corp. is viewed as a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [7]

Core Viewpoint - First Financial (NASDAQ: THFF) has shown strong performance with a 35% increase in share price over the past year, attributed to its acquisition of SimplyBank which has significantly improved its funding profile and expanded its net interest margin [1] Company Performance - The acquisition of SimplyBank has led to a meaningful enhancement in First Financial's funding profile [1] - The expansion of net interest margin has been very strong following the acquisition [1] Investment Insights - The article reflects a contrarian investment approach based on macro views and stock-specific turnaround stories aimed at achieving outsized returns with a favorable risk/reward profile [1]

Financial Performance - Net income for Q1 2025 was $18.4 million, up from $10.9 million in Q1 2024, with basic earnings per share increasing to $1.55 from $0.93[111] - Non-interest income for Q1 2025 was $10.5 million, an increase from $9.4 million in Q1 2024[116] - Non-interest expenses for Q1 2025 were $36.8 million, up from $33.4 million in Q1 2023, reflecting an increase due to acquisition-related operating expenses[117] Interest Income and Margin - Net interest income rose by $13.1 million to $52.0 million in Q1 2025, with a net interest margin of 4.11%, a 16.44% increase from 3.53% in Q1 2024[114] - Net interest income rose by $13.1 million to $52.0 million in Q1 2025, compared to $38.9 million in Q1 2024, reflecting a net interest margin increase to 4.11% from 3.53%[114] - Given a 100 basis point increase in interest rates, net interest income is projected to decrease by 1.41% over the next 12 months[127] Credit Quality - Non-performing loans decreased to $10.2 million at March 31, 2025, down 58.0% from $24.3 million in Q1 2024[120] - The allowance for credit losses was $46.8 million as of March 31, 2025, compared to $46.7 million at December 31, 2024, with a qualitative reserve increase of $363 thousand[108] - The provision for credit losses for Q1 2025 was $2.0 million, compared to $1.8 million in Q1 2024, with net charge-offs of $1.8 million versus $1.5 million in the same period[118] - The non-performing asset ratio was 0.25% of total assets as of March 31, 2025, with net charge-offs at 0.19% of average loans and leases[112] - The ratio of the allowance for credit losses to non-performing loans was 460.6% as of March 31, 2025, compared to 351.4% at December 31, 2024[121] Liquidity and Capital - Liquidity remains strong, with cash and available-for-sale securities representing approximately 22.9% of total assets as of March 31, 2025[112] - The Corporation anticipates $35.8 million in securities to be called within the next 12 months, contributing to liquidity management[130] - The Corporation anticipates $114.2 million in principal payments from mortgage-backed and other securities over the next 12 months, ensuring adequate liquidity[130] - The Corporation's common equity tier 1 capital ratio was 12.70% as of March 31, 2025, up from 12.43% at December 31, 2024, exceeding regulatory requirements[137] - The Corporation's Tier 1 capital ratio was 12.70% as of March 31, 2025, up from 12.43% at December 31, 2024, exceeding regulatory requirements[137] Taxation - The effective income tax rate for Q1 2025 was 22.59%, up from 16.79% in Q1 2024, driven by significantly higher pretax income[119] - The effective income tax rate rose to 22.59% in Q1 2025 compared to 16.79% in Q1 2024, driven by significantly higher pretax income[119] Loan and Deposit Trends - Total loans increased by $17 million to $3.9 billion as of March 31, 2025, while deposits decreased by 1.7% to $4.6 billion[131] - Total loans net of deferred loan costs increased by $17 million to $3.9 billion compared to December 31, 2024, while deposits decreased by 1.7% to $4.6 billion[131] - Shareholders' equity increased by 4.17% or $22.9 million, raising book value per share to $48.26 from $46.36[131] Management Commentary - Management believes the allowance for credit losses is adequate based on current portfolio analysis and economic conditions[109]

Company Overview - First Financial Corp. (THFF) is based in Terre Haute and operates in the Finance sector [3] - The stock has experienced a price change of 6.95% since the beginning of the year [3] Dividend Information - First Financial Corp. currently pays a dividend of $0.51 per share, resulting in a dividend yield of 4.13% [3] - The average dividend yield for the Banks - Midwest industry is 3.28%, while the S&P 500's yield is 1.63% [3] - The company's annualized dividend of $2.04 has increased by 51.1% compared to the previous year [4] - Over the past 5 years, First Financial Corp. has raised its dividend 4 times, averaging an annual increase of 15.55% [4] - The current payout ratio is 44%, indicating that the company pays out 44% of its trailing 12-month EPS as dividends [4] Earnings Growth - The Zacks Consensus Estimate for earnings in 2025 is $6.02 per share, reflecting an expected increase of 50.50% from the previous year [5] Investment Appeal - First Financial Corp. is considered an attractive dividend investment and a compelling opportunity, holding a Zacks Rank of 1 (Strong Buy) [7]