First Financial Q2 net income $11.4M ($0.96 EPS) vs $16.0M ($1.33) a year ago

FIRST FINANCIAL CORP /IN/

2024-Q2 EPS reported $1.89

Net income $11.4M, diluted EPS $0.96, down from $16.0M ($1.33) in Q2 2023; pre-tax pre-provision income $16.2M vs $21.2M.
Net interest margin 3.57% (expanded 4 bp from linked quarter 3.53%), net interest income $39.3M vs $42.2M a year ago.
Credit loss provision $3.0M (vs $1.8M); net charge-offs $4.7M (vs $1.5M) tied to one credit; NPAs to loans 0.78% vs 0.59% linked quarter.
Total loans $3.20B (+2.21% YoY); deposits $4.13B (+1.70% YoY); book value per share $44.92 (+8.33% YoY); tangible book $37.12.
Acquisition of SimplyBank closed July 1; insurance agency sold for $56.4M cash, estimated after-tax gain $36.4M in Q3.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.