First Financial Q2 net income $16M, EPS $1.33, up from $15.6M and $1.27 YoY

FIRST FINANCIAL CORP /IN/

2023-Q2 EPS reported $2.66

Net income $16.0M vs $15.6M YoY; diluted EPS $1.33 vs $1.27.
Pre-tax, pre-provision net income $21.2M, up from $19.7M in Q2 2022.
Net interest margin 3.81%, up 35 bps from 3.46% YoY; net interest income $42.2M, +4.25%.
Average total loans $3.10B, up 9.63% YoY; total deposits $4.06B vs $4.38B a year ago.
Credit loss provision $1.8M vs $750K; nonperforming loans $13.3M, ratio 0.43% vs 0.32%.

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 0.98

FIRST FINANCIAL CORP /IN/ reported six months ended June 30, 2023 results: net income Net income was $32.0 million compared to the $36.5 million reported for the same period of 2022, EPS Diluted net income per common share of $2.66 compared to $2.95 for the same period of 2022.

Period: six months ended June 30, 2023
Net income: Net income was $32.0 million compared to the $36.5 million reported for the same period of 2022
EPS: Diluted net income per common share of $2.66 compared to $2.95 for the same period of 2022
Result: reported results

Exact text from the filing

The Corporation further reported results for the six months ending June 30, 2023:

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

FIRST FINANCIAL CORP /IN/ reported the three and six months ended June 30, 2023 results: net income Net income was $16.0 million compared to the $15.6 million reported for the same period of 2022, EPS Diluted net income per common share of $1.33 compared to $1.27 for the same period of 2022.

Period: the three and six months ended June 30, 2023
Net income: Net income was $16.0 million compared to the $15.6 million reported for the same period of 2022
EPS: Diluted net income per common share of $1.33 compared to $1.27 for the same period of 2022
Result: reported results

Exact text from the filing

On July 25, 2023, the Registrant issued a press release reporting its financial results for the three and six months ended June 30, 2023.

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FIRST FINANCIAL CORP /IN/ filing history →

Source: SEC EDGAR

accession 0000714562-23-000024

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