secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0000714562-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/0000714562-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456223000002/tmb-20230207x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer