First Financial Corporation Indiana (THFF) Financials

$79.91 +2.24 (+2.88%)

Closing price 07/28/2026 04:00 PM Eastern

Extended Trading

$80.02 +0.11 (+0.14%)

As of 07/28/2026 04:10 PM Eastern

Annual Income Statements for First Financial Corporation Indiana

This table shows First Financial Corporation Indiana's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	30	38	29	47	49	54	53	71	61	47	79
Consolidated Net Income / (Loss)	30	38	29	47	49	54	53	71	61	47	79
Net Income / (Loss) Continuing Operations	30	38	29	47	49	54	53	71	61	47	79
Total Pre-Tax Income	41	58	50	58	61	66	66	88	72	57	99
Total Revenue	144	152	144	155	170	189	185	212	210	218	262
Net Interest Income / (Expense)	105	105	108	117	132	146	143	165	167	175	220
Total Interest Income	109	109	114	126	149	160	152	183	228	265	306
Loans and Leases Interest Income	84	86	91	101	125	137	128	146	190	226	268
Investment Securities Interest Income	23	22	22	24	23	21	22	31	35	35	34
Other Interest Income	1.65	1.48	1.38	1.29	1.47	2.31	2.33	6.02	3.54	3.71	3.32
Total Interest Expense	4.17	4.41	6.34	9.65	17	14	8.80	18	61	90	86
Deposits Interest Expense	3.93	4.16	6.01	9.03	16	13	8.16	17	52	81	72
Short-Term Borrowings Interest Expense	0.07	0.13	0.25	0.50	1.11	0.57	0.39	1.24	5.37	4.28	6.50
Other Interest Expense	0.17	0.11	0.08	0.11	0.65	0.77	0.25	0.27	4.07	4.40	6.79
Total Non-Interest Income	39	47	36	38	38	42	42	47	43	43	42
Trust Fees by Commissions	5.59	5.21	5.00	5.29	5.04	4.84	5.26	5.16	5.16	5.47	5.78
Other Service Charges	32	27	29	31	31	30	31	39	36	35	39
Net Realized & Unrealized Capital Gains on Investments	2.02	15	1.75	1.83	2.62	6.86	5.00	2.00	0.97	1.26	-3.15
Other Non-Interest Income	-	-	-	0.00	0.00	0.34	0.55	0.56	0.68	0.66	0.76
Provision for Credit Losses	4.70	3.30	5.30	5.77	4.70	11	2.47	-2.03	7.30	16	8.20
Total Non-Interest Expense	98	90	89	91	104	113	117	126	130	144	155
Salaries and Employee Benefits	60	50	50	51	55	62	64	66	69	75	79
Net Occupancy & Equipment Expense	14	14	14	14	16	19	19	22	23	27	29
Property & Liability Insurance Claims	1.77	1.30	0.92	0.93	0.69	0.32	1.29	2.33	2.91	2.79	2.85
Other Operating Expenses	23	25	24	26	33	32	33	36	35	40	43
Income Tax Expense	10	20	21	11	12	12	13	17	12	9.88	20
Basic Earnings per Share	$2.35	$3.12	$2.38	$3.80	$3.80	$3.93	$4.02	$5.82	$5.08	$4.00	$6.68
Weighted Average Basic Shares Outstanding	12.84M	12.32M	12.23M	12.26M	12.87M	13.72M	13.19M	12.21M	11.94M	11.81M	11.85M
Diluted Earnings per Share	$2.35	$3.12	$2.38	$3.80	$3.80	$3.93	$4.02	$5.82	$5.08	$4.00	$6.68
Weighted Average Diluted Shares Outstanding	12.84M	12.32M	12.23M	12.26M	12.87M	13.72M	13.19M	12.21M	11.94M	11.81M	11.85M
Weighted Average Basic & Diluted Shares Outstanding	12.84M	12.32M	12.23M	12.26M	12.87M	13.72M	13.19M	12.07M	11.85M	-	11.89M
Cash Dividends to Common per Share	$0.98	$1.00	$2.51	$1.02	$1.03	$1.05	$1.16	$1.28	-	$1.86	$2.09

This table shows First Financial Corporation Indiana's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	16	12	11	11	8.74	16	18	19	21	21	20
Consolidated Net Income / (Loss)	16	12	11	11	8.74	16	18	19	21	21	20
Net Income / (Loss) Continuing Operations	16	12	11	11	8.74	16	18	19	21	21	20
Total Pre-Tax Income	19	14	13	14	10	20	24	23	26	26	25
Total Revenue	53	51	48	49	58	62	62	63	66	71	68
Net Interest Income / (Expense)	41	40	39	39	47	50	52	53	55	61	57
Total Interest Income	59	59	59	61	72	73	73	74	77	82	78
Loans and Leases Interest Income	49	49	50	51	61	63	64	65	67	72	68
Investment Securities Interest Income	8.83	8.65	8.53	8.43	9.03	8.77	8.61	8.54	8.67	8.66	9.40
Other Interest Income	0.75	0.68	0.82	0.88	1.29	0.72	0.81	0.87	0.90	0.74	1.03
Total Interest Expense	18	19	20	21	25	23	21	22	22	21	21
Deposits Interest Expense	14	17	18	20	22	21	18	18	18	18	17
Short-Term Borrowings Interest Expense	1.92	1.35	0.98	0.96	0.99	1.36	1.69	1.40	1.92	1.50	2.35
Other Interest Expense	2.02	1.23	1.78	0.82	1.34	0.47	1.17	1.61	2.12	1.88	2.03
Total Non-Interest Income	12	11	9.43	9.91	11	12	11	10	11	9.93	11
Trust Fees by Commissions	1.14	1.51	1.33	1.32	1.25	1.57	1.39	1.49	1.28	1.62	1.49
Other Service Charges	10	8.95	7.74	8.15	9.28	10	8.68	8.28	9.18	12	9.25
Net Realized & Unrealized Capital Gains on Investments	0.32	0.15	0.18	0.30	0.51	0.27	0.23	0.43	0.52	-4.32	0.29
Other Non-Interest Income	0.00	0.63	0.18	0.14	0.18	0.16	0.21	0.18	0.18	0.19	0.19
Provision for Credit Losses	1.20	2.50	1.80	2.97	9.40	2.00	1.95	1.95	1.95	2.35	2.55
Total Non-Interest Expense	32	34	33	33	39	40	37	38	38	42	41
Salaries and Employee Benefits	17	17	17	17	19	21	19	20	20	20	21
Net Occupancy & Equipment Expense	5.97	5.85	6.50	6.51	6.84	7.38	7.18	7.06	7.55	7.67	8.30
Property & Liability Insurance Claims	0.61	0.93	0.66	0.50	0.56	1.07	0.75	0.80	0.69	0.61	0.69
Other Operating Expenses	8.52	10	8.93	8.26	13	10	9.58	11	10	13	11
Income Tax Expense	3.03	1.68	2.21	2.21	1.69	3.77	5.37	4.24	4.99	4.90	4.92
Basic Earnings per Share	$1.37	$1.05	$0.93	$0.96	$0.74	$1.37	$1.55	$1.57	$1.75	$1.81	$1.67
Weighted Average Basic Shares Outstanding	11.90M	11.94M	11.80M	11.81M	11.81M	11.81M	11.84M	11.85M	11.85M	11.85M	11.89M
Diluted Earnings per Share	$1.37	$1.05	$0.93	$0.96	$0.74	$1.37	$1.55	$1.57	$1.75	$1.81	$1.67
Weighted Average Diluted Shares Outstanding	11.90M	11.94M	11.80M	11.81M	11.81M	11.81M	11.84M	11.85M	11.85M	11.85M	11.89M
Weighted Average Basic & Diluted Shares Outstanding	11.75M	11.85M	11.81M	11.81M	11.81M	0.00	11.85M	11.85M	11.85M	11.89M	11.89M
Cash Dividends to Common per Share	-	-	$0.45	$0.45	$0.45	-	$0.51	$0.51	$0.51	-	$0.56

This table details how cash moves in and out of First Financial Corporation Indiana's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	11	-14	-0.91	0.28	53	530	31	-466	-146	17	37
Net Cash From Operating Activities	41	41	50	57	50	77	55	79	86	60	90
Net Cash From Continuing Operating Activities	41	41	50	57	50	77	55	79	86	60	90
Net Income / (Loss) Continuing Operations	30	38	29	47	49	54	53	71	61	47	79
Consolidated Net Income / (Loss)	30	38	29	47	49	54	53	71	61	47	79
Provision For Loan Losses	4.70	3.30	5.30	5.77	4.70	11	2.47	-2.03	7.30	16	8.20
Depreciation Expense	5.49	4.97	4.43	4.16	4.83	6.09	6.15	6.11	6.53	9.95	12
Amortization Expense	2.94	3.70	3.79	3.62	4.85	7.18	8.43	6.55	5.06	4.56	3.90
Non-Cash Adjustments to Reconcile Net Income	-1.93	-8.61	8.10	-1.63	-12	-1.79	-16	1.38	10	-16	-12
Changes in Operating Assets and Liabilities, net	-0.14	-0.58	-0.60	-1.06	-0.90	1.57	0.98	-4.34	-3.59	-2.06	-0.83
Net Cash From Investing Activities	20	-44	-27	-34	-33	-16	-312	-434	-22	-66	-126
Net Cash From Continuing Investing Activities	20	-44	-27	-34	-33	-16	-312	-434	-22	-66	-126
Purchase of Property, Leasehold Improvements and Equipment	-3.39	-3.05	-2.98	-2.01	-1.10	-3.91	-3.84	-1.43	-6.54	-6.11	-3.98
Purchase of Investment Securities	-149	-231	-184	-177	-214	-313	-623	-618	-30	-42	-111
Sale and/or Maturity of Investments	174	171	153	145	189	293	304	195	5.84	-17	-12
Net Increase in Fed Funds Sold	-1.82	2.86	6.95	0.00	-7.50	7.20	10	-9.07	9.09	-0.54	0.35
Net Cash From Financing Activities	-50	-11	-24	-23	36	469	288	-111	-210	23	73
Net Cash From Continuing Financing Activities	-50	-11	-24	-23	36	469	288	-111	-210	23	73
Net Change in Deposits	-15	-14	30	-22	104	482	368	-40	-278	6.56	-168
Issuance of Debt	37	54	170	116	217	17	0.00	0.00	2,080	1,525	2,850
Repayment of Debt	-37	-67	-170	-116	-217	-42	-1.00	-6.40	-1,981	-1,607	-2,690
Repurchase of Common Equity	-8.70	-19	-0.50	-0.39	-0.32	-9.22	-42	-28	-12	-0.38	-0.80
Payment of Dividends	-13	-12	-31	-12	-13	-14	-14	-14	-15	-21	-24
Other Financing Activities, Net	-14	47	-23	12	-55	36	-23	-22	-3.65	120	105
Cash Interest Paid	4.24	4.43	6.34	9.41	16	15	9.14	18	59	89	86
Cash Income Taxes Paid	13	19	11	7.19	9.60	7.55	15	14	11	10	13

This table details how cash moves in and out of First Financial Corporation Indiana's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-7.43	165	-7.53	5.84	2.24	16	-7.32	11	-9.83	43	-33
Net Cash From Operating Activities	28	-5.83	12	8.78	23	16	21	13	27	30	23
Net Cash From Continuing Operating Activities	28	-5.83	12	8.78	23	16	21	13	27	30	23
Net Income / (Loss) Continuing Operations	16	-0.98	11	11	8.74	16	18	19	21	21	20
Consolidated Net Income / (Loss)	16	-0.98	11	11	8.74	16	18	19	21	21	20
Provision For Loan Losses	1.20	11	1.80	2.97	9.40	2.00	1.95	1.95	1.95	2.35	2.55
Depreciation Expense	1.65	5.04	1.66	1.65	3.31	3.33	3.26	3.21	2.64	3.12	2.83
Amortization Expense	1.27	0.74	1.20	1.21	1.08	1.07	1.05	0.98	0.95	0.92	0.79
Non-Cash Adjustments to Reconcile Net Income	8.06	-20	-3.15	-8.42	0.77	-4.73	-3.61	-12	0.56	2.77	-3.36
Net Cash From Investing Activities	41	-69	-1.00	-24	55	-96	10	-28	-64	-44	-70
Net Cash From Continuing Investing Activities	41	-69	-1.00	-24	55	-96	10	-28	-64	-44	-70
Purchase of Property, Leasehold Improvements and Equipment	-1.69	-0.83	-0.96	-0.34	-3.77	-1.04	-0.57	-1.13	-1.09	-1.20	-0.69
Purchase of Investment Securities	70	15	-0.01	17	-3.34	-2.21	-0.02	-3.07	-24	-67	-153
Sale and/or Maturity of Investments	-27	-75	-0.31	-17	40	-94	10	-24	-40	24	83
Net Increase in Fed Funds Sold	-0.33	-9.22	0.28	-24	23	0.54	0.39	-0.43	0.70	-0.32	0.48
Net Cash From Financing Activities	-77	240	-19	21	-76	97	-38	26	27	57	14
Net Cash From Continuing Financing Activities	-77	240	-19	21	-76	97	-38	26	27	57	14
Net Change in Deposits	-22	334	15	27	-37	1.62	-79	23	-48	-64	-22
Issuance of Debt	750	95	750	400	375	-	350	425	1,075	1,000	1,200
Repayment of Debt	-800	-252	-800	-350	-455	-2.38	-253	-427	-1,027	-982	-1,208
Repurchase of Common Equity	-8.44	11	-0.38	-	-	-	-0.80	-	-	-	-0.33
Payment of Dividends	-	-5.87	-5.30	-5.32	-5.31	-5.31	-6.03	-6.04	-6.04	-6.04	-6.65
Other Financing Activities, Net	3.88	58	22	-51	46	103	-49	12	33	110	52

This table presents First Financial Corporation Indiana's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2024	12/31/2024	12/31/2025
Total Assets	2,980	2,989	3,001	3,009	4,023	4,561	5,175	4,989	5,560	5,560	5,756
Cash and Due from Banks	89	75	74	74	127	657	688	223	94	94	130
Federal Funds Sold	9.82	6.95	0.00	0.00	7.50	0.30	0.31	9.37	0.82	0.82	0.48
Trading Account Securities	891	854	815	785	927	1,021	-	1,330	1,196	1,196	1,150
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,020	3,790	3,790	4,007
Loans and Leases	-	-	-	-	-	-	-	3,060	3,837	3,837	4,055
Allowance for Loan and Lease Losses	-	-	-	-	-	-	-	40	47	47	48
Premises and Equipment, Net	51	49	48	47	63	62	70	66	82	82	79
Goodwill	39	34	34	34	79	79	86	87	100	100	98
Intangible Assets	3.18	2.11	1.63	1.20	11	8.97	8.02	6.71	22	22	16
Other Assets	1,897	1,967	2,027	2,067	2,810	2,732	180	247	277	277	275
Total Liabilities & Shareholders' Equity	2,980	2,989	3,001	3,009	4,023	4,561	5,175	4,989	5,560	5,560	5,756
Total Liabilities	2,569	2,574	2,587	2,566	3,466	3,964	989	4,514	5,011	5,011	5,105
Non-Interest Bearing Deposits	563	564	425	432	547	733	915	858	859	859	916
Interest Bearing Deposits	1,879	1,864	2,034	2,005	2,728	3,023	-	3,511	3,860	3,860	3,635
Federal Funds Purchased and Securities Sold	34	81	58	70	80	116	-	71	187	187	292
Long-Term Debt	-	-	0.00	0.00	31	5.86	-	9.59	28	28	188
Other Long-Term Liabilities	80	64	71	60	79	86	74	65	77	77	73
Total Equity & Noncontrolling Interests	410	414	414	443	558	597	583	475	549	549	651
Total Preferred & Common Equity	410	414	414	443	558	597	583	475	549	549	651
Total Common Equity	410	414	414	443	558	597	583	475	549	549	651
Common Stock	75	76	77	79	142	143	144	145	148	148	149
Retained Earnings	396	422	420	457	492	521	559	615	687	687	742
Treasury Stock	-51	-70	-69	-69	-69	-77	-118	-145	-154	-154	-154
Accumulated Other Comprehensive Income / (Loss)	-9.40	-14	-15	-23	-7.50	9.76	-2.43	-140	-132	-132	-87

This table presents First Financial Corporation Indiana's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	5,009	4,867	4,877	4,785	4,853	4,891	5,485	5,549	5,603	5,670	6,129
Cash and Due from Banks	328	83	82	75	69	75	77	86	97	87	97
Federal Funds Sold	8.22	13	0.36	0.69	0.00	24	1.36	0.43	0.85	0.16	0.00
Trading Account Securities	1,332	1,341	1,299	1,225	1,218	1,206	1,272	1,182	1,170	1,186	1,171
Loans and Leases, Net of Allowance	2,931	0.00	3,087	3,071	3,152	3,158	3,662	3,802	3,844	3,915	4,364
Loans and Leases	2,970	-	3,127	3,110	3,192	3,197	3,708	3,849	3,891	3,962	4,416
Allowance for Loan and Lease Losses	39	-	40	39	40	38	46	47	47	47	52
Premises and Equipment, Net	68	68	67	67	67	66	82	80	80	79	89
Goodwill	87	87	87	87	87	87	97	100	98	98	98
Intangible Assets	7.02	6.40	6.08	5.82	5.35	5.12	23	20	19	17	20
Other Assets	248	229	249	253	254	270	269	278	294	286	290
Total Liabilities & Shareholders' Equity	5,009	4,867	4,877	4,785	4,853	4,891	5,485	5,549	5,603	5,670	6,129
Total Liabilities	4,571	883	4,380	4,315	4,332	4,360	4,919	4,977	5,015	5,047	5,473
Non-Interest Bearing Deposits	894	830	817	771	738	748	832	856	860	850	1,140
Interest Bearing Deposits	3,513	-	3,246	3,270	3,367	3,384	3,886	3,784	3,803	3,765	3,703
Federal Funds Purchased and Securities Sold	-	-	129	133	89	38	84	138	150	183	350
Long-Term Debt	9.59	-	135	85	59	109	30	125	-	170	209
Other Long-Term Liabilities	64	53	54	56	79	81	86	75	80	79	72
Total Equity & Noncontrolling Interests	439	505	497	470	521	531	566	572	588	622	655
Total Preferred & Common Equity	439	505	497	470	521	531	566	572	588	622	655
Total Common Equity	439	505	497	470	521	531	566	572	588	622	655
Common Stock	145	145	146	146	146	147	147	148	148	149	150
Retained Earnings	607	631	640	657	668	674	677	700	712	727	755
Treasury Stock	-146	-145	-148	-156	-155	-155	-155	-155	-155	-155	-154
Accumulated Other Comprehensive Income / (Loss)	-167	-126	-141	-176	-138	-135	-103	-121	-118	-99	-95

This table displays calculated financial ratios and metrics derived from First Financial Corporation Indiana's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	12,703,869.00	12,185,737.00	12,223,750.00	12,255,045.00	13,713,355.00	13,714,524.00	12,871,936.00	-	-	11,808,304.00	11,850,645.00
DEI Adjusted Shares Outstanding	12,703,869.00	12,185,737.00	12,223,750.00	12,255,045.00	13,713,355.00	13,714,524.00	12,871,936.00	-	-	11,808,304.00	11,850,645.00
DEI Earnings Per Adjusted Shares Outstanding	2.38	3.15	2.38	3.80	3.56	3.93	4.12	-	-	4.00	6.68
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.32%	5.72%	-5.34%	7.64%	9.90%	11.00%	-1.77%	14.16%	-0.85%	3.71%	20.24%
EBITDA Growth	-14.52%	36.60%	-13.43%	13.02%	7.87%	11.52%	1.76%	25.21%	-13.37%	-14.77%	60.25%
EBIT Growth	-15.37%	43.63%	-14.65%	16.03%	5.67%	7.44%	0.12%	33.75%	-17.40%	-21.16%	72.72%
NOPAT Growth	-10.59%	27.21%	-24.16%	59.91%	4.91%	10.17%	-1.59%	34.20%	-14.68%	-22.08%	67.55%
Net Income Growth	-10.59%	27.21%	-24.16%	59.91%	4.91%	10.17%	-1.59%	34.20%	-14.68%	-22.08%	67.55%
EPS Growth	-7.84%	32.77%	-23.72%	59.66%	0.00%	3.42%	2.29%	44.78%	-12.71%	-21.26%	67.00%
Operating Cash Flow Growth	-28.68%	-0.15%	21.71%	14.59%	-13.14%	55.16%	-28.88%	43.07%	-23.38%	-29.88%	49.76%
Free Cash Flow Firm Growth	-79.90%	227.76%	-35.82%	-42.00%	-655.89%	140.79%	-9,021.73%	206.86%	-102.41%	217.22%	-271.29%
Invested Capital Growth	3.90%	-2.00%	-0.23%	7.04%	32.95%	2.42%	594.45%	-88.42%	31.28%	-9.33%	45.38%
Revenue Q/Q Growth	-1.48%	-0.37%	0.76%	4.08%	4.82%	1.97%	-2.37%	2.56%	-1.59%	5.31%	0.00%
EBITDA Q/Q Growth	-7.29%	3.85%	1.32%	7.67%	3.28%	5.05%	-12.81%	8.95%	-2.24%	6.75%	0.00%
EBIT Q/Q Growth	-7.01%	4.09%	1.94%	9.01%	1.79%	5.33%	-15.34%	11.54%	-6.33%	11.55%	0.00%
NOPAT Q/Q Growth	-6.41%	3.31%	-16.43%	22.13%	7.26%	2.62%	-13.60%	14.72%	-6.33%	8.79%	0.00%
Net Income Q/Q Growth	-6.41%	3.31%	-16.43%	22.13%	7.26%	8.86%	-17.08%	13.91%	-6.33%	8.79%	0.00%
EPS Q/Q Growth	-6.00%	4.35%	-16.78%	22.19%	4.40%	2.34%	-12.23%	15.71%	-6.10%	8.70%	0.00%
Operating Cash Flow Q/Q Growth	-22.06%	17.62%	1.06%	2.91%	-9.38%	21.83%	-18.47%	22.24%	-34.87%	56.03%	0.00%
Free Cash Flow Firm Q/Q Growth	-86.01%	76.78%	26.39%	-7.80%	6.90%	-35.14%	-5,575.88%	2,911.38%	-291.31%	5,849.08%	6.91%
Invested Capital Q/Q Growth	0.27%	-4.16%	-6.76%	-4.34%	-3.91%	-0.19%	596.78%	-9.80%	14.75%	-3.23%	5.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	34.11%	44.08%	40.31%	42.33%	41.55%	41.74%	43.24%	47.42%	41.44%	32.91%	43.86%
EBIT Margin	28.25%	38.38%	34.60%	37.30%	35.86%	34.71%	35.37%	41.44%	34.53%	26.25%	37.70%
Profit (Net Income) Margin	21.02%	25.29%	20.26%	30.10%	28.73%	28.52%	28.57%	33.58%	28.90%	21.71%	30.25%
Tax Burden Percent	74.40%	65.89%	58.55%	80.69%	80.12%	82.16%	80.76%	81.03%	83.69%	82.72%	80.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.60%	34.11%	41.45%	19.31%	19.88%	17.84%	19.24%	18.97%	16.31%	17.28%	19.76%
Return on Invested Capital (ROIC)	7.28%	9.17%	7.04%	10.88%	9.48%	9.04%	2.21%	3.04%	10.82%	7.79%	11.19%
ROIC Less NNEP Spread (ROIC-NNEP)	7.28%	9.17%	7.04%	0.00%	9.48%	9.04%	2.21%	3.04%	10.82%	7.79%	11.19%
Return on Net Nonoperating Assets (RNNOA)	0.23%	0.14%	0.00%	0.00%	0.29%	0.29%	6.77%	10.40%	1.27%	0.99%	2.02%
Return on Equity (ROE)	7.51%	9.32%	7.04%	0.00%	9.77%	9.33%	8.98%	13.44%	12.09%	8.78%	13.20%
Cash Return on Invested Capital (CROIC)	3.45%	11.19%	7.27%	4.08%	-18.81%	6.64%	-147.44%	161.53%	-16.23%	17.58%	-25.80%
Operating Return on Assets (OROA)	1.36%	1.95%	1.66%	1.92%	1.73%	1.53%	1.35%	1.73%	1.47%	1.10%	1.74%
Return on Assets (ROA)	1.01%	1.29%	0.97%	1.55%	1.39%	1.25%	1.09%	1.40%	1.23%	0.91%	1.40%
Return on Common Equity (ROCE)	7.51%	9.32%	7.04%	0.00%	9.77%	9.33%	8.98%	13.44%	12.09%	8.78%	13.20%
Return on Equity Simple (ROE_SIMPLE)	7.36%	9.27%	7.04%	10.52%	8.76%	9.02%	9.10%	14.96%	11.49%	8.61%	12.17%
Net Operating Profit after Tax (NOPAT)	30	38	29	47	49	54	53	71	61	47	79
NOPAT Margin	21.02%	25.29%	20.26%	30.10%	28.73%	28.52%	28.57%	33.58%	28.90%	21.71%	30.25%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	51.56%	42.30%	44.65%	41.68%	41.55%	42.74%	44.98%	41.42%	43.77%	46.74%	41.47%
Operating Expenses to Revenue	68.48%	59.45%	61.72%	58.98%	61.38%	59.72%	63.30%	59.51%	62.00%	66.33%	59.17%
Earnings before Interest and Taxes (EBIT)	41	58	50	58	61	66	66	88	72	57	99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	67	58	66	71	79	80	100	87	72	115
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	1.22	1.11	0.94	0.97	0.79	0.91	1.07	0.92	0.95	1.09
Price to Tangible Book Value (P/TBV)	0.89	1.33	1.21	1.02	1.16	0.93	1.09	1.33	1.11	1.21	1.32
Price to Revenue (P/Rev)	2.29	3.32	3.18	2.69	3.19	2.51	2.87	2.40	2.30	2.38	2.71
Price to Earnings (P/E)	10.89	13.13	15.71	8.92	11.12	8.80	10.03	7.14	7.96	10.98	8.96
Dividend Yield	3.79%	2.39%	6.68%	7.43%	2.60%	3.01%	2.57%	2.53%	2.41%	4.09%	3.41%
Earnings Yield	9.18%	7.62%	6.36%	11.21%	9.00%	11.36%	9.97%	14.01%	12.56%	9.11%	11.17%
Enterprise Value to Invested Capital (EV/IC)	0.57	1.02	0.93	0.77	0.75	0.00	0.00	0.59	0.81	0.78	0.91
Enterprise Value to Revenue (EV/Rev)	1.69	2.78	2.67	2.21	2.58	0.00	0.00	1.35	2.45	2.08	2.93
Enterprise Value to EBITDA (EV/EBITDA)	4.96	6.31	6.62	5.21	6.22	0.00	0.00	2.84	5.92	6.32	6.68
Enterprise Value to EBIT (EV/EBIT)	5.99	7.25	7.71	5.91	7.20	0.00	0.00	3.25	7.10	7.92	7.77
Enterprise Value to NOPAT (EV/NOPAT)	8.05	11.00	13.17	7.33	8.99	0.00	0.00	4.01	8.48	9.58	9.68
Enterprise Value to Operating Cash Flow (EV/OCF)	5.89	10.26	7.65	5.94	8.80	0.00	0.00	3.62	8.53	7.50	8.48
Enterprise Value to Free Cash Flow (EV/FCFF)	16.99	9.01	12.75	19.56	0.00	0.00	0.00	0.08	0.00	4.25	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.00	0.00	0.00	0.06	0.01	0.00	0.02	0.21	0.05	0.29
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.06	0.01	0.00	0.02	0.21	0.05	0.29
Financial Leverage	0.03	0.02	0.00	0.00	0.03	0.03	3.06	3.42	0.12	0.13	0.18
Leverage Ratio	7.44	7.24	7.23	7.02	7.03	7.43	8.25	9.61	9.81	9.67	9.43
Compound Leverage Factor	7.44	7.24	7.23	7.02	7.03	7.43	8.25	9.61	9.81	9.67	9.43
Debt to Total Capital	3.00%	0.03%	0.00%	0.00%	5.26%	0.97%	0.00%	1.98%	17.06%	4.87%	22.43%
Short-Term Debt to Total Capital	3.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	5.26%	0.97%	0.00%	1.98%	17.06%	4.87%	22.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.00%	99.97%	100.00%	100.00%	94.74%	99.03%	100.00%	98.02%	82.94%	95.13%	77.57%
Debt to EBITDA	0.26	0.00	0.00	0.00	0.44	0.07	0.00	0.10	1.25	0.39	1.64
Net Debt to EBITDA	-1.75	-1.22	0.00	0.00	-1.47	-8.27	0.00	-2.21	0.36	-0.92	0.50
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.44	0.07	0.00	0.10	1.25	0.39	1.64
Debt to NOPAT	0.42	0.00	0.00	0.00	0.63	0.11	0.00	0.13	1.79	0.59	2.38
Net Debt to NOPAT	-2.84	-2.13	0.00	0.00	-2.13	-12.11	0.00	-3.13	0.52	-1.40	0.72
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.63	0.11	0.00	0.13	1.79	0.59	2.38
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	14	47	30	17	-97	40	-3,531	3,773	-91	107	-183
Operating Cash Flow to CapEx	1,215.89%	0.00%	1,682.95%	2,853.85%	4,524.12%	1,981.19%	1,435.91%	5,525.04%	988.31%	988.31%	2,269.77%
Free Cash Flow to Firm to Interest Expense	3.43	10.64	4.75	1.81	-5.55	2.80	-401.35	206.62	-1.49	1.19	-2.13
Operating Cash Flow to Interest Expense	9.90	9.35	7.91	5.96	2.86	5.48	6.26	4.32	0.99	0.67	1.05
Operating Cash Flow Less CapEx to Interest Expense	9.08	12.49	7.44	5.75	2.79	5.20	5.82	4.24	0.89	0.60	1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.05
Fixed Asset Turnover	2.81	3.05	2.95	3.26	3.12	3.03	2.82	3.12	3.15	2.93	3.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	423	415	414	443	589	603	4,187	485	637	577	839
Invested Capital Turnover	0.35	0.36	0.35	0.36	0.33	0.32	0.08	0.09	0.37	0.36	0.37
Increase / (Decrease) in Invested Capital	16	-8.47	-0.96	29	146	14	3,584	-3,702	152	-59	262
Enterprise Value (EV)	243	423	384	341	439	-178	-157	285	515	453	767
Market Capitalization	329	504	458	416	543	474	532	508	483	519	709
Book Value per Share	$32.30	$34.01	$33.83	$36.12	$40.66	$43.53	$45.26	$39.54	$44.92	$46.50	$54.92
Tangible Book Value per Share	$28.94	$31.01	$30.89	$33.22	$34.15	$37.15	$37.94	$31.74	$37.04	$36.20	$45.26
Total Capital	423	415	414	443	589	603	583	485	637	577	839
Total Debt	13	0.13	0.00	0.00	31	5.86	0.00	9.59	109	28	188
Total Long-Term Debt	0.00	0.00	0.00	0.00	31	5.86	0.00	9.59	109	28	188
Net Debt	-86	-82	-74	-74	-104	-652	-688	-222	32	-66	57
Capital Expenditures (CapEx)	3.39	-14	2.98	2.01	1.10	3.91	3.84	1.43	6.11	6.11	3.98
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	13	0.13	0.00	0.00	31	5.86	3,604	9.59	109	28	188
Total Depreciation and Amortization (D&A)	8.43	8.66	8.21	7.79	9.67	13	15	13	15	15	16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.35	$3.12	$2.38	$3.80	$3.80	$3.93	$4.02	$5.82	$5.08	$0.00	$6.68
Adjusted Weighted Average Basic Shares Outstanding	12.66M	12.22M	12.26M	12.29M	13.75M	27.05M	12.47M	12.21M	11.94M	0.00	11.85M
Adjusted Diluted Earnings per Share	$2.35	$3.12	$2.38	$3.80	$3.80	$3.93	$4.02	$5.82	$5.08	$0.00	$6.68
Adjusted Weighted Average Diluted Shares Outstanding	12.66M	12.22M	12.26M	12.29M	13.75M	27.05M	12.47M	12.21M	11.94M	0.00	11.85M
Adjusted Basic & Diluted Earnings per Share	$2.35	$3.12	$2.38	$3.80	$3.80	$3.93	$4.02	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.84M	12.32M	12.23M	12.26M	12.87M	13.72M	13.19M	12.07M	11.85M	0.00	11.89M
Normalized Net Operating Profit after Tax (NOPAT)	30	38	29	47	49	54	53	71	61	47	79
Normalized NOPAT Margin	21.02%	25.29%	20.26%	30.10%	28.73%	28.52%	28.57%	33.58%	28.90%	21.71%	30.25%
Pre Tax Income Margin	28.25%	38.38%	34.60%	37.30%	35.86%	34.71%	35.37%	41.44%	34.53%	26.25%	37.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.74	13.23	7.85	5.99	3.49	4.64	7.46	4.81	1.19	0.64	1.15
NOPAT to Interest Expense	7.24	8.72	4.60	4.83	2.80	3.81	6.02	3.89	0.99	0.53	0.92
EBIT Less CapEx to Interest Expense	8.92	16.37	7.38	5.78	3.43	4.36	7.02	4.73	1.09	0.57	1.11
NOPAT Less CapEx to Interest Expense	6.43	11.86	4.13	4.62	2.73	3.53	5.59	3.82	0.89	0.46	0.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.83%	32.17%	104.89%	26.83%	25.88%	26.51%	26.76%	20.33%	35.02%	44.95%	30.51%
Augmented Payout Ratio	70.64%	82.67%	106.62%	27.66%	26.52%	43.63%	106.92%	59.29%	35.64%	45.74%	31.51%

This table displays calculated financial ratios and metrics derived from First Financial Corporation Indiana's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	11,808,304.00	11,853,489.00	11,850,645.00	11,850,645.00	11,850,645.00	11,891,896.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	11,808,304.00	11,853,489.00	11,850,645.00	11,850,645.00	11,850,645.00	11,891,896.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	1.38	1.55	1.57	1.75	1.81	1.67
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.47%	-6.25%	-9.98%	-6.54%	10.64%	21.59%	29.23%	28.16%	12.60%	14.13%	9.06%
EBITDA Growth	-13.73%	-9.09%	-28.77%	-26.72%	-33.36%	43.91%	75.66%	64.33%	98.02%	24.48%	0.93%
EBIT Growth	-14.89%	-25.80%	-32.98%	-30.33%	-46.00%	41.96%	81.10%	68.06%	146.95%	31.69%	3.97%
NOPAT Growth	-9.78%	-24.82%	-31.64%	-28.89%	-46.32%	30.76%	68.49%	63.48%	137.52%	32.10%	7.60%
Net Income Growth	-9.78%	-24.82%	-31.64%	-28.89%	-46.32%	30.76%	68.49%	63.48%	137.52%	32.10%	7.60%
EPS Growth	-8.67%	-23.91%	-30.08%	-27.82%	-45.99%	30.48%	66.67%	63.54%	136.49%	32.12%	7.74%
Operating Cash Flow Growth	44.66%	-122.00%	-47.70%	-37.08%	-18.14%	-20.33%	69.32%	44.92%	15.23%	87.85%	7.42%
Free Cash Flow Firm Growth	-101.13%	-103.75%	199.68%	102.60%	-3,474.38%	154.31%	-102.90%	-1,561.16%	-433.12%	-417.93%	-48.74%
Invested Capital Growth	3.20%	31.28%	-85.46%	1.23%	7.51%	-9.33%	20.28%	11.12%	32.91%	45.38%	23.99%
Revenue Q/Q Growth	0.26%	-3.68%	-4.89%	1.75%	18.69%	5.86%	0.00%	0.91%	4.28%	7.30%	-3.40%
EBITDA Q/Q Growth	-0.92%	-10.56%	-5.76%	2.84%	-9.89%	64.78%	0.00%	-3.79%	8.59%	3.59%	-6.74%
EBIT Q/Q Growth	-0.93%	-27.00%	-6.87%	3.45%	-23.21%	91.91%	0.00%	-4.00%	12.83%	2.34%	-6.21%
NOPAT Q/Q Growth	1.86%	-23.73%	-12.05%	4.07%	-23.12%	85.80%	0.00%	0.98%	11.71%	3.33%	-7.69%
Net Income Q/Q Growth	1.86%	-23.73%	-12.05%	4.07%	-23.12%	85.80%	0.00%	0.98%	11.71%	3.33%	-7.69%
EPS Q/Q Growth	3.01%	-23.36%	-11.43%	3.23%	-22.92%	85.14%	0.00%	1.29%	11.47%	3.43%	-7.73%
Operating Cash Flow Q/Q Growth	104.08%	-120.47%	-37.50%	-29.42%	165.49%	-31.98%	0.00%	-39.59%	111.10%	10.89%	-24.03%
Free Cash Flow Firm Q/Q Growth	99.33%	-15,019.54%	2,552.70%	-99.89%	-1,015.97%	329.75%	0.00%	47.01%	-234.20%	-37.01%	38.70%
Invested Capital Q/Q Growth	-12.15%	14.75%	-8.99%	10.34%	-6.70%	-3.23%	0.00%	1.94%	11.59%	5.85%	2.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.12%	39.11%	33.07%	33.42%	25.37%	39.50%	44.94%	42.85%	44.62%	43.08%	41.59%
EBIT Margin	36.59%	27.73%	27.15%	27.61%	17.86%	32.38%	38.05%	36.20%	39.17%	37.36%	36.27%
Profit (Net Income) Margin	30.86%	24.43%	22.59%	23.11%	14.97%	26.27%	29.46%	29.48%	31.58%	30.41%	29.06%
Tax Burden Percent	84.33%	88.10%	83.21%	83.71%	83.81%	81.15%	77.41%	81.42%	80.62%	81.40%	80.11%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	15.67%	11.90%	16.79%	16.29%	16.19%	18.85%	22.59%	18.58%	19.38%	18.60%	19.89%
Return on Invested Capital (ROIC)	12.05%	9.15%	2.03%	7.32%	5.38%	9.43%	0.00%	0.00%	0.00%	11.24%	9.96%
ROIC Less NNEP Spread (ROIC-NNEP)	12.05%	9.15%	2.03%	7.32%	5.38%	9.43%	0.00%	0.00%	0.00%	11.24%	9.96%
Return on Net Nonoperating Assets (RNNOA)	2.43%	1.08%	6.98%	1.73%	0.60%	1.20%	0.00%	0.00%	0.00%	2.03%	2.71%
Return on Equity (ROE)	14.49%	10.23%	9.01%	9.05%	5.97%	10.62%	0.00%	0.00%	0.00%	13.27%	12.67%
Cash Return on Invested Capital (CROIC)	8.71%	-16.23%	151.65%	6.80%	0.31%	17.58%	-18.41%	-10.54%	-28.26%	-25.80%	-11.10%
Operating Return on Assets (OROA)	1.59%	1.18%	1.14%	1.14%	0.72%	1.35%	0.00%	0.00%	0.00%	1.73%	1.66%
Return on Assets (ROA)	1.34%	1.04%	0.95%	0.95%	0.60%	1.10%	0.00%	0.00%	0.00%	1.41%	1.33%
Return on Common Equity (ROCE)	14.49%	10.23%	9.01%	9.05%	5.97%	10.62%	0.00%	0.00%	0.00%	13.27%	12.67%
Return on Equity Simple (ROE_SIMPLE)	13.78%	0.00%	10.68%	9.61%	7.68%	0.00%	0.00%	0.00%	0.00%	0.00%	12.30%
Net Operating Profit after Tax (NOPAT)	16	12	11	11	8.74	16	18	19	21	21	20
NOPAT Margin	30.86%	24.43%	22.59%	23.11%	14.97%	26.27%	29.46%	29.48%	31.58%	30.41%	29.06%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	43.82%	45.46%	49.29%	48.56%	43.42%	46.43%	42.30%	42.42%	41.58%	39.79%	43.52%
Operating Expenses to Revenue	61.13%	67.36%	69.12%	66.37%	66.04%	64.39%	58.83%	60.71%	57.87%	59.31%	59.98%
Earnings before Interest and Taxes (EBIT)	19	14	13	14	10	20	24	23	26	26	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	20	16	16	15	24	28	27	29	30	28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	0.92	0.86	0.81	0.91	0.95	1.00	1.08	1.07	1.09	1.14
Price to Tangible Book Value (P/TBV)	1.03	1.11	1.04	0.98	1.15	1.21	1.27	1.35	1.31	1.32	1.39
Price to Revenue (P/Rev)	1.81	2.30	2.19	2.14	2.48	2.38	0.00	0.00	0.00	2.71	2.78
Price to Earnings (P/E)	5.98	7.96	8.04	8.44	11.80	10.98	0.00	0.00	0.00	8.96	9.24
Dividend Yield	3.34%	2.41%	3.80%	3.95%	3.11%	4.09%	3.84%	3.58%	3.54%	3.41%	3.34%
Earnings Yield	16.73%	12.56%	12.43%	11.85%	8.48%	9.11%	0.00%	0.00%	0.00%	11.17%	10.82%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.81	0.75	0.69	0.78	0.78	0.88	0.93	0.94	0.91	0.99
Enterprise Value to Revenue (EV/Rev)	1.86	2.45	2.13	2.19	2.25	2.08	0.00	0.00	0.00	2.93	3.20
Enterprise Value to EBITDA (EV/EBITDA)	4.45	5.92	5.63	6.14	7.23	6.32	0.00	0.00	0.00	6.68	7.44
Enterprise Value to EBIT (EV/EBIT)	5.12	7.10	6.61	7.32	9.07	7.92	0.00	0.00	0.00	7.77	8.60
Enterprise Value to NOPAT (EV/NOPAT)	6.12	8.48	7.85	8.63	10.69	9.58	0.00	0.00	0.00	9.68	10.63
Enterprise Value to Operating Cash Flow (EV/OCF)	4.28	8.53	5.84	6.32	7.21	7.50	0.00	0.00	0.00	8.48	9.32
Enterprise Value to Free Cash Flow (EV/FCFF)	8.33	0.00	0.13	10.18	259.07	4.25	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.21	0.11	0.20	0.05	0.05	0.22	0.21	0.27	0.29	0.32
Long-Term Debt to Equity	0.18	0.21	0.11	0.20	0.05	0.05	0.22	0.00	0.27	0.29	0.32
Financial Leverage	0.20	0.12	3.45	0.24	0.11	0.13	0.17	0.21	0.17	0.18	0.27
Leverage Ratio	10.78	9.81	9.47	9.51	9.91	9.67	9.52	9.38	9.39	9.43	9.52
Compound Leverage Factor	10.78	9.81	9.47	9.51	9.91	9.67	9.52	9.38	9.39	9.43	9.52
Debt to Total Capital	15.25%	17.06%	10.11%	16.98%	5.11%	4.87%	17.92%	17.27%	21.50%	22.43%	24.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.27%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.25%	17.06%	10.11%	16.98%	5.11%	4.87%	17.92%	0.00%	21.50%	22.43%	24.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.75%	82.94%	89.89%	83.02%	94.89%	95.13%	82.08%	82.73%	78.50%	77.57%	75.84%
Debt to EBITDA	0.95	1.25	0.75	1.52	0.47	0.39	0.00	0.00	0.00	1.64	1.81
Net Debt to EBITDA	0.10	0.36	-0.14	0.13	-0.75	-0.92	0.00	0.00	0.00	0.50	0.97
Long-Term Debt to EBITDA	0.95	1.25	0.75	1.52	0.47	0.39	0.00	0.00	0.00	1.64	1.81
Debt to NOPAT	1.31	1.79	1.05	2.13	0.70	0.59	0.00	0.00	0.00	2.38	2.59
Net Debt to NOPAT	0.14	0.52	-0.19	0.19	-1.11	-1.40	0.00	0.00	0.00	0.72	1.39
Long-Term Debt to NOPAT	1.31	1.79	1.05	2.13	0.70	0.59	0.00	0.00	0.00	2.38	2.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.92	-139	3,415	3.59	-33	76	-99	-53	-176	-240	-147
Operating Cash Flow to CapEx	1,687.43%	-705.45%	1,290.04%	2,596.75%	618.42%	1,527.07%	3,720.32%	1,122.68%	2,468.01%	2,489.63%	3,292.58%
Free Cash Flow to Firm to Interest Expense	-0.05	-7.27	166.74	0.17	-1.34	3.25	-4.71	-2.44	-7.96	-11.39	-7.01
Operating Cash Flow to Interest Expense	1.62	-0.30	0.61	0.41	0.95	0.68	1.00	0.59	1.22	1.41	1.08
Operating Cash Flow Less CapEx to Interest Expense	1.52	-0.35	0.56	0.39	0.80	0.64	0.97	0.54	1.17	1.35	1.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.00	0.00	0.00	0.05	0.05
Fixed Asset Turnover	3.15	3.15	3.03	3.03	2.76	2.93	0.00	0.00	0.00	3.27	3.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	555	637	579	639	596	577	697	710	793	839	864
Invested Capital Turnover	0.39	0.37	0.09	0.32	0.36	0.36	0.00	0.00	0.00	0.37	0.34
Increase / (Decrease) in Invested Capital	17	152	-3,404	7.78	42	-59	118	71	196	262	167
Enterprise Value (EV)	396	515	437	440	465	453	613	661	746	767	857
Market Capitalization	387	483	447	430	513	519	575	636	663	709	745
Book Value per Share	$39.26	$44.92	$44.08	$44.92	$47.90	$46.50	$48.25	$49.59	$52.51	$54.92	$55.10
Tangible Book Value per Share	$31.51	$37.04	$36.26	$37.12	$37.71	$36.20	$38.12	$39.74	$42.75	$45.26	$45.13
Total Capital	555	637	579	639	596	577	697	710	793	839	864
Total Debt	85	109	59	109	30	28	125	123	170	188	209
Total Long-Term Debt	85	109	59	109	30	28	125	0.00	170	188	209
Net Debt	9.22	32	-11	9.50	-48	-66	38	25	83	57	112
Capital Expenditures (CapEx)	1.69	0.83	0.96	0.34	3.77	1.04	0.57	1.13	1.09	1.20	0.69
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	85	109	59	109	30	28	125	123	170	188	209
Total Depreciation and Amortization (D&A)	2.92	5.79	2.86	2.86	4.39	4.40	4.31	4.19	3.59	4.03	3.62
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.37	$1.05	$0.93	$0.96	$0.74	$1.37	$1.55	$1.57	$1.75	$1.81	$1.67
Adjusted Weighted Average Basic Shares Outstanding	11.90M	11.94M	11.80M	11.81M	11.81M	11.81M	11.84M	11.85M	11.85M	11.85M	11.89M
Adjusted Diluted Earnings per Share	$1.37	$1.05	$0.93	$0.96	$0.74	$1.37	$1.55	$1.57	$1.75	$1.81	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	11.90M	11.94M	11.80M	11.81M	11.81M	11.81M	11.84M	11.85M	11.85M	11.85M	11.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.75M	11.85M	11.81M	11.81M	11.81M	0.00	11.85M	11.85M	11.85M	11.89M	11.89M
Normalized Net Operating Profit after Tax (NOPAT)	16	12	11	11	8.74	16	18	19	21	21	20
Normalized NOPAT Margin	30.86%	24.43%	22.59%	23.11%	14.97%	26.27%	29.46%	29.48%	31.58%	30.41%	29.06%
Pre Tax Income Margin	36.59%	27.73%	27.15%	27.61%	17.86%	32.38%	38.05%	36.20%	39.17%	37.36%	36.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.10	0.74	0.64	0.63	0.43	0.86	1.13	1.06	1.17	1.25	1.18
NOPAT to Interest Expense	0.93	0.65	0.53	0.53	0.36	0.70	0.87	0.86	0.94	1.02	0.94
EBIT Less CapEx to Interest Expense	1.00	0.69	0.59	0.62	0.27	0.82	1.10	1.01	1.12	1.19	1.14
NOPAT Less CapEx to Interest Expense	0.83	0.61	0.49	0.51	0.20	0.65	0.85	0.81	0.89	0.96	0.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.75%	35.02%	21.17%	20.82%	36.67%	44.95%	0.00%	0.00%	0.00%	30.51%	30.74%
Augmented Payout Ratio	41.53%	35.64%	41.86%	38.11%	37.53%	45.74%	0.00%	0.00%	0.00%	31.51%	31.16%

Financials Breakdown Chart

Key Financial Trends

First Financial Corporation Indiana (NASDAQ: THFF) delivered another profitable quarter in Q1 2026, but the latest results also show some signs of pressure on funding and balance sheet mix that investors will want to watch closely.

For Q1 2026, the bank reported net income of $19.8 million, down from $21.5 million in Q4 2025 and slightly above $18.6 million in Q2 2025. Earnings per share came in at $1.67, versus $1.81 in the prior quarter, indicating that profitability remains solid but has eased a bit sequentially. On the cash flow side, THFF generated $22.6 million in operating cash flow, which is healthy for a regional bank.

The bigger story is the balance sheet. Total assets climbed to $6.13 billion in Q1 2026 from $5.67 billion in Q3 2025 and $5.48 billion in Q3 2024, reflecting meaningful growth. Loans and leases net of allowance increased to $4.36 billion from $3.92 billion a year earlier, which supports revenue growth. However, deposits fell quarter over quarter, and the bank leaned on wholesale funding and debt activity, which may indicate some funding pressure.

Here are the most important takeaways for retail investors:

Net income remains strong: Q1 2026 net income of $19.8 million shows THFF is still generating solid profitability despite some quarterly decline.
Operating cash flow was healthy: The bank produced $22.6 million in operating cash flow in Q1 2026, a positive sign for earnings quality.
Loan growth continues: Net loans and leases rose to $4.36 billion from $3.92 billion a year ago, supporting interest income growth over time.
Interest income expanded year over year: Total interest income reached $77.9 million in Q1 2026, up from $76.6 million in Q3 2025 and $73.0 million in Q1 2025.
Noninterest income remains a meaningful contributor: Q1 2026 noninterest income was $11.2 million, helping diversify revenue beyond lending.
Revenue remained steady sequentially: Total revenue of $68.2 million in Q1 2026 was close to the recent run rate, suggesting stable core earnings power.
Credit costs are manageable but present: The provision for credit losses was $2.55 million in Q1 2026, above some recent quarters, which suggests some caution on asset quality.
Dividend coverage appears reasonable: Cash dividends were $0.56 per share in Q1 2026, and earnings still comfortably covered the payout.
Deposits declined in the latest quarter: Net change in deposits was negative $22.2 million in Q1 2026, a sign funding may be tightening.
Wholesale funding and debt activity remain high: The company issued and repaid very large amounts of debt in the quarter, which can add balance sheet volatility and funding risk.

Looking at the longer trend, THFF has been a consistently profitable bank over the last four years, with quarterly net income generally ranging from the low-to-high teens of millions and occasional quarters above $20 million. That said, the recent pattern shows more asset growth, more funding complexity, and somewhat softer quarter-to-quarter earnings than the strongest periods in 2025.

Bottom line: THFF still looks fundamentally profitable and cash-generative, with loan growth supporting the business. But investors should watch deposit trends, debt usage, and credit provisions closely, because those areas could determine whether earnings stay resilient or begin to face more pressure.

07/29/26 03:04 AM ETAI Generated. May Contain Errors.

First Financial Corporation Indiana Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Financial Corporation Indiana's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First Financial Corporation Indiana's net income appears to be on an upward trend, with a most recent value of $79.21 million in 2025, rising from $30.20 million in 2015. The previous period was $47.28 million in 2024. See First Financial Corporation Indiana's forecast for analyst expectations on what's next for the company.

Over the last 10 years, First Financial Corporation Indiana's total revenue changed from $143.69 million in 2015 to $261.84 million in 2025, a change of 82.2%.

First Financial Corporation Indiana's total liabilities were at $5.11 billion at the end of 2025, a 1.9% increase from 2024, and a 98.7% increase since 2015.

In the past 10 years, First Financial Corporation Indiana's cash and equivalents has ranged from $74.11 million in 2017 to $688.03 million in 2021, and is currently $130.37 million as of their latest financial filing in 2025.

Over the last 10 years, First Financial Corporation Indiana's book value per share changed from 32.30 in 2015 to 54.92 in 2025, a change of 70.0%.

Related Companies

Financial statements for NASDAQ:THFF last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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First Financial Corporation Indiana (THFF) Financials

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First Financial Corporation Indiana (THFF) Financials

Annual Income Statements for First Financial Corporation Indiana

Quarterly Income Statements for First Financial Corporation Indiana

Annual Cash Flow Statements for First Financial Corporation Indiana

Quarterly Cash Flow Statements for First Financial Corporation Indiana

Annual Balance Sheets for First Financial Corporation Indiana

Quarterly Balance Sheets for First Financial Corporation Indiana

Annual Metrics And Ratios for First Financial Corporation Indiana

Quarterly Metrics And Ratios for First Financial Corporation Indiana

Financials Breakdown Chart

Key Financial Trends

First Financial Corporation Indiana Financials - Frequently Asked Questions

When does First Financial Corporation Indiana's fiscal year end?

How has First Financial Corporation Indiana's net income changed over the last 10 years?

How has First Financial Corporation Indiana's revenue changed over the last 10 years?

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How has First Financial Corporation Indiana's book value per share changed over the last 10 years?

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