First Financial reports record 2022 net income of $71.1M; Q4 EPS $1.37, up from $0.58 YoY

FIRST FINANCIAL CORP /IN/

2022-FY EPS reported $5.82

Q4 net income $16.5M ($1.37 diluted EPS) vs $7.4M ($0.58) a year ago; YoY increase of 123%.
Full-year 2022 net income $71.1M ($5.82 EPS) vs $53.0M ($4.02) in 2021; record year.
Net interest margin expanded to 3.81% in Q4 from 3.08% in Q4 2021; average loans up 14.5% YoY.
Book value per share fell to $39.44 from $46.13 due to AOCI decline and share repurchases; tangible common equity ratio 7.79% vs 9.62%.
Credit loss provision dropped to $2.7M in Q4 from $5.7M a year earlier; nonperforming loans ratio improved to 0.44%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST FINANCIAL CORP /IN/ reported three months ended December 31, 2022 results: net income $16.5 million, EPS $1.37.

Period: three months ended December 31, 2022
Net income: $16.5 million
EPS: $1.37
Result: reported results

Exact text from the filing

● Net income was $16.5 million compared to $7.4 million for the same period of 2021; ● Diluted net income per common share of $1.37 compared to $0.58 for the same period of 2021;

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST FINANCIAL CORP /IN/ reported year ended December 31, 2022 results: net income $71.1 million, EPS $5.82.

Period: year ended December 31, 2022
Net income: $71.1 million
EPS: $5.82
Result: reported results

Exact text from the filing

● Net income was $71.1 million compared to $53.0 million for the same period of 2021; ● Diluted net income per common share of $5.82 compared to $4.02 for the same period of 2021;

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FIRST FINANCIAL CORP /IN/ filing history →

Source: SEC EDGAR

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