---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-23-000036"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:07:56.187051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000714562-23-000036
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456223000036/0000714562-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456223000036/tmb-20231024x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-23-000036
- JSON: https://secwatch.observer/filing/0000714562-23-000036.json
- Plain text: https://secwatch.observer/filing/0000714562-23-000036.txt

## Key facts
- Earnings Releases
  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
  source text: 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000036/0000714562-23-000036-index.htm
- Earnings Releases
  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
  source text: 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456223000036/0000714562-23-000036-index.htm

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