First Financial Q3 net income $16.3M ($1.37 EPS) down from $18.1M; loans up 7.9% YoY

FIRST FINANCIAL CORP /IN/

2023-Q3 EPS reported $4.02

Net income $16.3M ($1.37 diluted EPS) vs $18.1M ($1.50) in Q3 2022; pre-tax pre-provision income fell to $20.5M from $23.7M.
Net interest income $41.2M, down 4.5% YoY; net interest margin slightly up to 3.74% from 3.71%.
Average total loans $3.15B, up 7.88% YoY; total deposits $4.04B, down from $4.41B.
Credit loss provision $1.2M vs $1.05M; nonperforming loans $12.6M (0.40% of loans) vs $10.3M (0.35%).
Repurchased 228,457 shares during quarter; book value per share $40.00, up 9.63% from $36.49.

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 0.9

FIRST FINANCIAL CORP /IN/ reported three months ended September 30, 2023 results: net income $16.3 million, EPS $1.37.

Period: three months ended September 30, 2023
Net income: $16.3 million
EPS: $1.37
Result: reported results

Exact text from the filing

First Financial Corporation (NASDAQ:THFF) today announced results for the third quarter of 2023. ● Net income was $16.3 million compared to the $18.1 million reported for the same period of 2022; ● Diluted net income per common share of $1.37 compared to $1.50 for the same period of 2022;

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST FINANCIAL CORP /IN/ reported nine months ended September 30, 2023 results: net income $48.3 million, EPS $4.02.

Period: nine months ended September 30, 2023
Net income: $48.3 million
EPS: $4.02
Result: reported results

Exact text from the filing

The Corporation further reported results for the nine months ending September 30, 2023: ● Net income was $48.3 million compared to the $54.6 million reported for the same period of 2022, which included the proceeds of a legal settlement and pandemic related reserve releases, both of which were non-recurring events; ● Diluted net income per common share of $4.02 compared to $4.45 for the same period of 2022;

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Source: SEC EDGAR

accession 0000714562-23-000036

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