secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0000714562-25-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Q4 net income up 31% to $16.2M; full year down 22% to $47.3M
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- Q4 2024 net income $16.2M ($1.37 diluted EPS) vs $12.4M ($1.06) in Q4 2023.
- Full year 2024 net income $47.3M ($4.00 EPS) vs $60.7M ($5.08) in 2023, driven by higher provision.
- Record Q4 net interest income $49.6M; net interest margin expanded to 3.94% from 3.63% a year ago.
- SimplyBank acquisition contributed $467M in loans and $622M in deposits; total loans up 21% YoY.
- Quarterly dividend raised to $0.51 from $0.45; nonperforming loans dropped to 0.35% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000006/0000714562-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456225000006/thff-20250204x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-25-000006

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