A Business at a Glance
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FIRST FINANCIAL CORP /IN/
THFF
$919M
Mkt Cap
$77.51
+1.83%
FIRST FINANCIAL CORP /IN/ (THFF) has a current P/E ratio of 12.4, compared to its historical median P/E of 9.7. The stock is currently considered Expensive based on its historical valuation range.
FIRST FINANCIAL CORP /IN/ (THFF) has a 5-year average return on invested capital (ROIC) of 10.4%. This indicates solid capital allocation.
FIRST FINANCIAL CORP /IN/ (THFF) has a market capitalization of $922M. It is classified as a small-cap stock.
Yes, FIRST FINANCIAL CORP /IN/ (THFF) pays a dividend with a trailing twelve-month yield of 2.69%. The company also returns capital through share buybacks, with a buyback yield of 0.04%.
Based on historical P/E analysis, FIRST FINANCIAL CORP /IN/ (THFF) appears expensive. The current P/E of 12.4 is 28% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 5.9%.
FIRST FINANCIAL CORP /IN/ (THFF) operates in the State Commercial Banks industry, within the Financials sector.
FIRST FINANCIAL CORP /IN/ (THFF) reported annual revenue of $348 million in its most recent fiscal year, based on SEC EDGAR filings.
FIRST FINANCIAL CORP /IN/ operates in the State Commercial Banks industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 268M | 348M | 308M | 271M | 230M | 194M |
| Net Income | 81M | 79M | 47M | 61M | 71M | 53M |
| EPS | $6.79 | $6.68 | $4.00 | $5.08 | $5.82 | $4.02 |
| Free Cash Flow | 88M | 86M | 54M | 80M | 77M | 51M |
| ROIC | 9.3% | 11.2% | 7.8% | 10.8% | 13.1% | 8.9% |
| Gross Margin | - | 0.0% | - | - | - | - |
| Debt/Equity | 0.32 | 0.30 | 0.06 | 0.22 | 0.02 | 0.03 |
| Dividends/Share | $2.08 | $2.09 | $1.86 | $0.99 | $1.28 | $1.16 |
| Operating Income | 5.5M | 4.9M | 3.5M | 5.9M | 9.2M | 3.6M |
| Operating Margin | 2.0% | 1.4% | 1.1% | 2.2% | 4.0% | 1.8% |
| ROE | 12.3% | 13.2% | 8.8% | 12.1% | 13.4% | 9.0% |
| Shares Outstanding | 12M | 12M | 12M | 12M | 12M | 13M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 154M | 148M | 156M | 150M | 164M | 188M | 203M | 194M | 230M | 271M | 308M | 348M | 268M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 56M | 60M | 50M | 50M | 51M | 55M | 62M | 64M | 66M | 69M | 75M | 79M | 81M |
| EBIT | 3.0M | 2.7M | 58M | 4.7M | 6.2M | 4.9M | 5.0M | 3.6M | 9.2M | 5.9M | 3.5M | 4.9M | 5.5M |
| Op. Margin | 1.9% | 1.8% | 37.3% | 3.1% | 3.8% | 2.6% | 2.5% | 1.8% | 4.0% | 2.2% | 1.1% | 1.4% | 2.0% |
| Net Income | 34M | 30M | 38M | 29M | 47M | 49M | 54M | 53M | 71M | 61M | 47M | 79M | 81M |
| Net Margin | 21.9% | 20.4% | 24.6% | 19.4% | 28.3% | 26.1% | 26.5% | 27.3% | 30.9% | 22.4% | 15.4% | 22.8% | 30.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 7.9% | 7.3% | 9.2% | 7.0% | 10.9% | 9.9% | 9.4% | 8.9% | 13.1% | 10.8% | 7.8% | 11.2% | 9.3% |
| ROE | 8.7% | 7.5% | 9.3% | 7.0% | 10.9% | 9.9% | 9.4% | 9.0% | 13.4% | 12.1% | 8.8% | 13.2% | 12.3% |
| ROA | 1.1% | 1.0% | 1.3% | 1.0% | 1.6% | 1.4% | 1.3% | 1.1% | 1.4% | 1.2% | 0.9% | 1.4% | 1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 58M | 41M | 41M | 50M | 57M | 50M | 77M | 55M | 79M | 86M | 60M | 90M | 92M |
| Free Cash Flow | 53M | 38M | 38M | 47M | 55M | 49M | 74M | 51M | 77M | 80M | 54M | 86M | 88M |
| Owner Earnings | 51M | 35M | 36M | 45M | 53M | 44M | 71M | 48M | 72M | 79M | 49M | 77M | 24M |
| CapEx | 5.3M | 3.4M | 3.0M | 3.0M | 2.0M | 1.1M | 3.9M | 3.8M | 1.4M | 6.5M | 6.1M | 4.0M | 4.1M |
| Maint. CapEx | 6.0M | 5.5M | 5.0M | 4.4M | 4.1M | 4.8M | 6.1M | 6.2M | 6.1M | 6.5M | 9.9M | 12M | 67M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41K | 0 | 0 | 0 |
| D&A | 6.0M | 5.5M | 5.0M | 4.4M | 4.1M | 4.8M | 6.1M | 6.2M | 6.1M | 6.5M | 9.9M | 12M | 67M |
| CapEx/OCF | 9.2% | 8.2% | 7.4% | 5.9% | 3.5% | 2.2% | 5.0% | 7.0% | 1.8% | 7.6% | 10.1% | N/A | 4.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 13M | 13M | 12M | 31M | 12M | 13M | 14M | 14M | 14M | 15M | 21M | 24M | 25M |
| Dividend Yield | 4.3% | 4.0% | 3.6% | 7.0% | 2.8% | 2.9% | 3.5% | 3.0% | 3.0% | 3.8% | 4.7% | N/A | 2.7% |
| Share Buybacks | 15M | 8.7M | 19M | 503K | 391K | 315K | 9.2M | 42M | 28M | 12M | 376K | 795K | 332K |
| Buyback Yield | 4.4% | 2.7% | 4.0% | 0.1% | 0.1% | 0.1% | 2.1% | 8.3% | 5.6% | 2.4% | 0.1% | 0.0% | 0.0% |
| Stock-Based Comp | 1.1M | 684K | 684K | 706K | 745K | 801K | 820K | 807K | 825K | 895K | 1.3M | 931K | 899K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -65M | -76M | -75M | -889M | -859M | -1.1B | -1.7B | -2.0B | -1.5B | 37M | -61M | 64M | 114M |
| Cash & Equiv. | 78M | 89M | 75M | 74M | 74M | 127M | 657M | 688M | 223M | 77M | 94M | 130M | 97M |
| Long-Term Debt | 13M | 13M | 132K | 0 | 0 | 31K | 6K | 16M | 9.6M | 109M | 28M | 188M | 209M |
| Debt/Equity | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.22 | 0.06 | 0.30 | 0.32 |
| Interest Coverage | 0.5 | 0.6 | 14.2 | 0.7 | 0.6 | 0.3 | 0.3 | 0.4 | 0.5 | 0.1 | 0.0 | 0.0 | 0.0 |
| Equity | 394M | 410M | 414M | 414M | 443M | 547M | 597M | 583M | 475M | 528M | 549M | 651M | 655M |
| Total Assets | 3.0B | 3.0B | 3.0B | 3.0B | 3.0B | 4.0B | 4.6B | 5.2B | 5.0B | 4.9B | 5.6B | 5.8B | 6.1B |
| Total Liabilities | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | 3.5B | 4.0B | 4.6B | 4.5B | 4.3B | 5.0B | 5.1B | 5.5B |
| Intangibles | 3.9M | 3.2M | 2.1M | 1.6M | 1.2M | 11M | 9.0M | 8.0M | 6.7M | 5.6M | 22M | 16M | 20M |
| Retained Earnings | 378M | 396M | 422M | 420M | 457M | 492M | 521M | 559M | 615M | 664M | 687M | 742M | 755M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 2.55 | 2.35 | 3.12 | 2.38 | 3.80 | 3.80 | 3.93 | 4.02 | 5.82 | 5.08 | 4.00 | 6.68 | 6.79 |
| Owner EPS | 3.83 | 2.73 | 2.89 | 3.68 | 4.29 | 3.44 | 5.15 | 3.65 | 5.88 | 6.59 | 4.16 | 6.52 | 1.99 |
| Book Value | 29.77 | 31.93 | 33.66 | 33.79 | 36.11 | 42.54 | 43.57 | 44.20 | 38.90 | 44.21 | 46.46 | 54.89 | 55.10 |
| Cash Flow/Share | 4.37 | 3.21 | 3.35 | 4.10 | 4.69 | 3.88 | 5.65 | 4.18 | 6.45 | 7.21 | 5.11 | 7.62 | 12.44 |
| Dividends/Share | 0.98 | 0.98 | 1.00 | 2.51 | 1.02 | 1.04 | 1.05 | 1.16 | 1.28 | 0.99 | 1.86 | 2.09 | 2.08 |
| Shares Out. | 13.2M | 12.8M | 12.3M | 12.2M | 12.3M | 12.9M | 13.7M | 13.2M | 12.2M | 11.9M | 11.8M | 11.9M | 11.9M |
| Valuation | |||||||||||||
| P/E Ratio | 9.8 | 10.5 | 12.5 | 15.0 | 8.5 | 9.9 | 8.3 | 9.7 | 7.0 | 7.9 | 11.1 | N/A | 11.4 |
| P/FCF | 6.3 | 8.4 | 12.6 | 9.3 | 7.2 | 9.9 | 6.1 | 10.0 | 6.4 | 6.1 | 9.7 | N/A | 10.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 188.9 |
| Price/Book | 0.8 | 0.8 | 1.2 | 1.1 | 0.9 | 0.9 | 0.8 | 0.9 | 1.0 | 0.9 | 1.0 | N/A | 1.4 |
| Price/Sales | 2.0 | 2.2 | 2.3 | 3.0 | 2.9 | 2.6 | 2.2 | 2.6 | 2.3 | 1.9 | 2.1 | N/A | 3.4 |
| FCF Yield | 15.9% | 11.9% | 8.0% | 10.8% | 14.0% | 10.1% | 16.4% | 10.0% | 15.6% | 16.5% | 10.4% | N/A | 9.5% |
| Market Cap | 330M | 318M | 479M | 438M | 397M | 482M | 449M | 514M | 495M | 482M | 524M | 0 | 922M |
| Avg. Price | 22.70 | 24.47 | 27.91 | 35.42 | 36.54 | 34.11 | 30.08 | 36.41 | 39.98 | 33.98 | 38.51 | 0.00 | 77.51 |
| Year-End Price | 24.93 | 24.77 | 38.91 | 35.81 | 32.39 | 37.45 | 32.77 | 38.98 | 40.55 | 40.35 | 44.33 | 0.00 | 77.51 |
FIRST FINANCIAL CORP /IN/ passes 3 of 9 quality checks, indicating weak fundamentals.
FIRST FINANCIAL CORP /IN/ trades at 12.4x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 9.3x. The company's 5-year average ROIC is 10.4%. Total shareholder yield (dividends) is 2.7%. At current prices, the estimated annualized return to fair value is +5.6%.
FIRST FINANCIAL CORP /IN/ (THFF) has a net profit margin of 22.8%. This is a strong margin indicating high profitability.
FIRST FINANCIAL CORP /IN/ (THFF) generated $86 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIRST FINANCIAL CORP /IN/ (THFF) has a debt-to-equity ratio of 0.30. This indicates a conservatively financed balance sheet.
FIRST FINANCIAL CORP /IN/ (THFF) reported earnings per share (EPS) of $6.68 in its most recent fiscal year.
FIRST FINANCIAL CORP /IN/ (THFF) has a return on equity (ROE) of 13.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for FIRST FINANCIAL CORP /IN/ (THFF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRST FINANCIAL CORP /IN/ (THFF) has a book value per share of $54.89, based on its most recent annual SEC filing.
No recent press releases.