First Financial Q1 net income falls 32% to $10.9M; NIM narrows to 3.53%

FIRST FINANCIAL CORP /IN/

2024-Q1 EPS reported $0.93

Diluted EPS of $0.93 vs $1.33 in Q1 2023; net income $10.9M vs $16.0M.
Net interest margin 3.53% vs 3.96% a year ago; net interest income $38.9M vs $44.3M.
Nonperforming loans rose to $24.3M (0.76% of loans) from $12.1M (0.39%).
Total loans grew 3.6% YoY to $3.19B; deposits declined slightly to $4.11B.
Credit loss provision unchanged at $1.8M; net charge-offs $1.5M vs $2.0M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST FINANCIAL CORP /IN/ reported the three months ended March 31, 2024 results: net income Net income was $10.9 million, EPS Diluted net income per common share of $0.93.

Period: the three months ended March 31, 2024
Net income: Net income was $10.9 million
EPS: Diluted net income per common share of $0.93
Result: reported results

Exact text from the filing

First Financial Corporation (NASDAQ:THFF) today announced results for the first quarter of 2024. ● Net income was $10.9 million compared to the $16.0 million reported for the same period of 2023; ● Diluted net income per common share of $0.93 compared to $1.33 for the same period of 2023;

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Source: SEC EDGAR

accession 0000714562-24-000024

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