secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000714562-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Q3 EPS $0.74; net income drops 47% YoY; closes SimplyBank acquisition
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- Net income $8.7M vs $16.3M YoY; diluted EPS $0.74 vs $1.37.
- Credit loss provision surged to $9.4M from $1.2M; $5.5M related to SimplyBank acquisition.
- Total loans increased $511M linked quarter to $3.72B, driven by $467M in acquired SimplyBank loans.
- Net interest margin expanded 21 bps to 3.78% from 3.57% linked quarter; net interest income $47.2M up 14.6% YoY.
- Quarterly dividend of $0.45 per share declared and paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000058/0000714562-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456224000058/thff-20241022x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-24-000058

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