---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-23-000014"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:26:44.900073+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Financial Q1 net income $16.0M, EPS $1.33; NIM expands 80 bps to 3.96%

## Summary
- Net income of $16.0M vs $20.9M in Q1 2022 (which included a $4.0M legal settlement and pandemic reserve releases).
- Pre-tax, pre-provision net income rose to $21.4M from $19.7M; net interest income up 17.25% to $44.3M.
- Average loans grew 10.5% YoY to $3.07B; total deposits fell 5.2% to $4.17B.
- Credit loss provision was $1.8M vs negative $6.6M a year ago; nonperforming loans increased to $12.1M (0.39% of loans).
- Shareholder equity decreased to $505.5M due to $18M in share repurchases and dividends; tangible equity ratio 8.63%.

## SEC filing metadata
- accession: 0000714562-23-000014
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456223000014/0000714562-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456223000014/tmb-20230425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-23-000014
- JSON: https://secwatch.observer/filing/0000714562-23-000014.json
- Plain text: https://secwatch.observer/filing/0000714562-23-000014.txt

## Key facts
- Earnings Releases
  FIRST FINANCIAL CORP /IN/ reported the three months ended March 31, 2023 results: net income $16.0 million, EPS $1.33.
  - Period: the three months ended March 31, 2023
  - Net income: $16.0 million
  - EPS: $1.33
  - Result: reported results
  source text: Net income was $16.0 million compared to the $20.9 million reported for the same period of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000014/0000714562-23-000014-index.htm

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