secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0000714562-26-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000035/0000714562-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000035/thff-20260428x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-26-000035

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