---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-24-000003"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:24:09.131703+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Financial Q4 net income falls 25% to $12.4M; signs SimplyBank deal

## Summary
- Q4 diluted EPS $1.06 vs $1.37 YoY; full-year EPS $5.08 vs $5.82.
- Net interest margin narrowed to 3.63% from 3.81%; NIM down 17 bps.
- Nonperforming loans surged to $24.6M (0.78% of loans) from $9.6M (0.31%) due to a downgraded commercial relationship.
- Definitive agreement signed to acquire SimplyBank, expanding into Tennessee MSAs.
- Quarterly dividend maintained at $0.45 per share; no share repurchases in Q4.

## SEC filing metadata
- accession: 0000714562-24-000003
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714562/000071456224000003/0000714562-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456224000003/tmb-20240130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-24-000003
- JSON: https://secwatch.observer/filing/0000714562-24-000003.json
- Plain text: https://secwatch.observer/filing/0000714562-24-000003.txt

## Key facts
- Earnings Releases
  FIRST FINANCIAL CORP /IN/ reported the fourth quarter of 2023 results: net income $12.4 million, EPS $1.06.
  - Period: the fourth quarter of 2023
  - Net income: $12.4 million
  - EPS: $1.06
  - Result: reported results
  source text: Net income was $12.4 million compared to the $16.5 million reported for the same period of 2022;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456224000003/0000714562-24-000003-index.htm
- Earnings Releases
  FIRST FINANCIAL CORP /IN/ reported the year ended December 31, 2023 results: net income $60.7 million, EPS $5.08.
  - Period: the year ended December 31, 2023
  - Net income: $60.7 million
  - EPS: $5.08
  - Result: reported results
  source text: Net income was $60.7 million compared to the $71.1 million reported for the same period of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456224000003/0000714562-24-000003-index.htm

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