First Financial Corporation Indiana (NASDAQ:THFF) Plans $0.56 Quarterly Dividend

Key Points

• First Financial Corporation Indiana declared a quarterly dividend of $0.56 per share, payable October 15 to shareholders of record October 1. The dividend implies an annualized payout of $2.24 and a yield of approximately 2.9%.
• The dividend appears well covered, with a current payout ratio of 37% and an expected future payout ratio of 28.1%; the company has increased its dividend in each of the past two years.
• First Financial reported quarterly EPS of $1.91, exceeding analysts’ $1.79 consensus estimate, while revenue of $71.87 million fell slightly short of expectations.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be paid a dividend of 0.56 per share by the bank on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 1st.

First Financial Corporation Indiana has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. First Financial Corporation Indiana has a payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Financial Corporation Indiana to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 28.1%.

First Financial Corporation Indiana Trading Up 0.3%

NASDAQ THFF opened at $77.09 on Friday. The firm has a market cap of $916.60 million, a PE ratio of 10.80 and a beta of 0.41. First Financial Corporation Indiana has a 1-year low of $51.21 and a 1-year high of $84.17. The stock has a 50-day moving average of $78.93 and a 200-day moving average of $71.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.12. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%.The firm had revenue of $71.87 million during the quarter, compared to analyst estimates of $72.84 million. As a group, sell-side analysts forecast that First Financial Corporation Indiana will post 7.54 EPS for the current year.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, families, businesses, agricultural customers and public-sector organizations.

First Financial Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, commercial banking and treasury-management services. Its additional offerings include wealth management, trust and investment services, helping customers manage both everyday finances and long-term financial needs.

First Financial traces its history to 1834 and serves communities across western and central Indiana and eastern Illinois through a network of banking offices and digital channels.

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