First Financial (US:THFF)2026-02-03 15:45Loan Performance - Average total loans for Q4 2025 were $3.97 billion, an increase of $183 million or 4.84% from Q4 2024[5] - Total loans outstanding as of December 31, 2025, were $4.06 billion, up $218 million or 5.69% year-over-year[6] Income and Profitability - Net income for Q4 2025 was $21.5 million, compared to $16.2 million for Q4 2024, representing a 32.1% increase[8] - Diluted net income per common share for 2025 was $6.68, up from $4.00 in 2024, an increase of 67%[8] - Net interest income for Q4 2025 reached a record $60.6 million, an increase of $11 million or 22.2% from Q4 2024[14] - Net interest income for the year ended December 31, 2025, was $219,868,000, up from $174,986,000 in 2024, reflecting a significant increase in interest income from loans[32] - Basic and diluted earnings per share increased to $6.68 for the year ended December 31, 2025, compared to $4.00 in 2024, demonstrating strong profitability growth[32] Deposits and Equity - Average total deposits for Q4 2025 were $4.64 billion, a decrease of $116 million or 2.44% from Q4 2024[9] - Shareholders' equity at December 31, 2025, was $650.9 million, up from $549.0 million a year earlier[11] - Book value per share increased to $54.78 as of December 31, 2025, an increase of $8.42 or 18.17% from the previous year[12] Efficiency and Cost Management - The efficiency ratio improved to 58.17% for Q4 2025, down from 62.98% in Q4 2024[22] - The efficiency ratio improved to 58.17% in Q4 2025 from 56.63% in Q3 2025, indicating better cost management[28] Credit Quality - The provision for credit losses for Q4 2025 was $2.4 million, compared to $2.0 million for Q4 2024[17] - Provision for credit losses for the year ended December 31, 2025, was $8,200,000, down from $16,166,000 in 2024, reflecting a more favorable credit environment[32] - Nonperforming loans and other real estate owned totaled $14,848,000 in Q4 2025, a decrease from $19,400,000 in Q3 2025, showing improvement in asset quality[29] - The net charge-offs to average loans and leases ratio was 0.18% in Q4 2025, up from 0.17% in Q3 2025, suggesting a slight increase in credit losses[28] Capital Position - Tier 1 leverage ratio improved to 11.25% in Q4 2025 from 11.05% in Q3 2025, indicating a stronger capital position[28] Total Assets and Non-Interest Income - Total assets reached $5,756,126,000 as of December 31, 2025, compared to $5,560,348,000 in 2024, indicating growth in the company's asset base[31] - Total non-interest income for the year ended December 31, 2025, was $41,972,000, slightly down from $42,772,000 in 2024, indicating stable revenue from non-interest sources[32]