---
schema_version: "secwatch.filing_event.v1"
accession: "0000714562-24-000024"
form_type: "8-K"
ticker: "THFF"
cik: "0000714562"
company_name: "FIRST FINANCIAL CORP /IN/"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:00:32.977522+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000714562-24-000024
- form_type: 8-K
- ticker: THFF
- cik: 0000714562
- company_name: FIRST FINANCIAL CORP /IN/
- filed_at: 2024-04-30T23:59:59+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/714562/000071456224000024/0000714562-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714562/000071456224000024/thff-20240430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714562-24-000024
- JSON: https://secwatch.observer/filing/0000714562-24-000024.json
- Plain text: https://secwatch.observer/filing/0000714562-24-000024.txt

## Key facts
- Earnings Releases
  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
  source text: 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;
  evidence_url: https://www.sec.gov/Archives/edgar/data/714562/000071456224000024/0000714562-24-000024-index.htm

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