First Financial Corporation Reports Third Quarter Results
First Financial Corporation reported record Q3 2026 net income of $27.4 million ($2.31 diluted EPS), up from $20.8 million ($1.75) a year earlier. Net interest income hit a record $63.5 million, up 16.3% YoY, with the net interest margin expanding to 4.51% from 4.25%; ROAA improved to 1.79%. The release also reiterated two M&A items: the completed March 1, 2026 acquisition of CedarStone Financial ($292M loans, $313M deposits) and the pending First Illinois merger (0.5727 FFC shares or $44.35 cash per share, 70/30 stock-cash, expected to close in Q1 2027).
Key figures
- Eps
- 2.31
- Eps 9m
- 5.89
- Roaa q3
- 1.79%
- Total loans
- 4411800000
- Eps 9m prior
- 4.87
- Total assets
- 6060947000
- Net income 9m
- 69988000
- Net income q3
- 27441000
- Total deposits
- 4865297000
- Efficiency ratio
- 53.96%
- Net income q3 prior
- 20762000
- Net interest margin
- 4.51%
- Book value per share
- 55.54
- Credit loss benefit q3
- 750000
- Net interest income q3
- 63526000
- Net interest income yoy
- 16.3%
- Acquired loans cedarstone
- 292000000
- Nonperforming loans ratio
- 0.48%
- Acquired deposits cedarstone
- 313000000
- Dividend per share quarterly
- 0.56
- Tangible book value per share
- 47.47
- Pretax pretax provision income q3
- 33681000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.