Quarterly ResultMay 6, 2026, 09:41 AM

First Financial Q1 Net Income +7.6% to $19.8M; EPS $1.67

AI Summary

First Financial Corporation reported a strong first quarter for 2026, with net income increasing 7.6% to $19.8 million and diluted earnings per share rising 7.7% to $1.67. The company's net interest income also saw significant growth, climbing 9.5% to $56.9 million. This performance was supported by a 6.5% increase in total assets to $6.13 billion and a 9.0% growth in total loans to $4.42 billion, partly driven by the acquisition of CedarStone Financial, Inc. completed on March 1, 2026.

Key Highlights

Net Income for Q1 2026 increased 7.6% to $19.8 million from $18.4 million in Q1 2025.
Basic and Diluted Earnings per Share rose 7.7% to $1.67 in Q1 2026 from $1.55 in Q1 2025.
Net Interest Income grew 9.5% to $56.9 million in Q1 2026, up from $52.0 million in Q1 2025.
Total Assets increased 6.5% to $6.13 billion as of March 31, 2026, from $5.76 billion at December 31, 2025.
Total Loans (gross) grew 9.0% to $4.42 billion as of March 31, 2026, from $4.05 billion at December 31, 2025.
The acquisition of CedarStone Financial, Inc. was completed on March 1, 2026.
Cash dividends per share increased 9.8% to $0.56 in Q1 2026 from $0.51 in Q1 2025.
Provision for credit losses increased 30.8% to $2.55 million in Q1 2026 from $1.95 million in Q1 2025.

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THFF

Major Banks

FIRST FINANCIAL CORP /IN/

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