FIRST FINANCIAL CORP /IN/ (THFF) Form 8-K — Oct 27, 2026
First Financial Corporation (NASDAQ: THFF) reported record third quarter 2026 net income of $27.4 million, or $2.31 per diluted share, up from $20.8 million and $1.75 in the year-ago quarter. Net interest income hit a record $63.5 million, up 16.3% year over year, with net interest margin expanding to 4.51% from 4.25%, and return on average assets rose to 1.79% from 1.48%. Credit quality was strong: the company recorded a $750 thousand benefit from credit losses, nonperforming loans improved to 0.48% of loans, and the efficiency ratio improved to 53.96%.
Key figures
- Eps
- $2.31 (Q3 2026 diluted, vs $1.75 Q3 2025)
- Revenue
- $63.5 million net interest income (Q3 2026, record)
- Net Income
- $27.4 million (Q3 2026) vs $20.8 million (Q3 2025); $70.0 million nine months
- Total Assets
- $6.06 billion
- Cash Position
- $92.5 million cash and due from banks
- Shares Outstanding
- 11891896
- Total loans
- $4.41 billion (+11.20% YoY)
- Pending merger
- First Illinois Corporation — 0.5727 FFC shares or $44.35 cash per share, 70% stock / 30% cash, expected close Q1 2027
- Total deposits
- $4.87 billion
- Tier 1 leverage
- 11.20%
- Efficiency ratio
- 53.96% vs 56.63% year ago
- Quarterly dividend
- $0.56 per share
- Net interest margin
- 4.51% (Q3 2026) vs 4.25% (Q3 2025)
- Book value per share
- $55.54
- Credit losses benefit
- $750 thousand Q3 2026 vs $2.0 million provision Q3 2025
- Return on average assets
- 1.79% (Q3 2026)
- Nonperforming loans ratio
- 0.48%
- Pre tax pre provision income
- $33.7 million Q3 2026 vs $27.7 million Q3 2025
- Tangible book value per share
- $47.47
- Shares available for repurchase
- 518860
AI analysis
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