First Financial Q1 net income $19.8M ($1.67 EPS) vs $18.4M a year ago; closes CedarStone acquisition

FIRST FINANCIAL CORP /IN/

2026-Q1 EPS reported $1.67

Net interest income record $56.9M, up 9.5% YoY; net interest margin 4.23% vs 4.11%.
Completed CedarStone Financial acquisition Mar 1, adding $292M loans, $313M deposits; $716K bargain purchase gain.
Nonperforming loans surged to $28.5M (0.64% of loans) from $10.2M (0.26%) a year ago.
Provision for credit losses $2.6M vs $2.0M YoY; allowance 1.18% of loans.
Tangible book value per share $45.13, up 18.4% YoY; dividend maintained at $0.56 per quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST FINANCIAL CORP /IN/ reported three months ended March 31, 2026 results: net income $19.8 million, EPS $1.67.

Period: three months ended March 31, 2026
Net income: $19.8 million
EPS: $1.67
Result: reported results

Exact text from the filing

First Financial Corporation Reports First Quarter Results Terre Haute, Indiana, April 28, 2026 – First Financial Corporation (NASDAQ:THFF) today announced results for the first quarter of 2026. ● Net income was $19.8 million compared to $18.4 million reported for the same period of 2025; ● Diluted net income per common share of $1.67 compared to $1.55 for the same period of 2025;

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Source: SEC EDGAR

accession 0000714562-26-000035

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