---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-23-000002"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:22:34.473464+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000714562-23-000002
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/0000714562-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/tmb-20230207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-23-000002
- JSON: https://secwatch.observer/filing/0000714562-23-000002.json
- Plain text: https://secwatch.observer/filing/0000714562-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: ● 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/0000714562-23-000002-index.htm
- Earnings Releases
  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
  source text: ● 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/0000714562-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.