secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000714562-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000024/0000714562-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000024/thff-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-24-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer