Saturday 17 October 2026 Export THFF’s income statement to Excel — free account

First Financial Corporation Indiana

First Financial Corporation Indiana’s revenue for fiscal 2025 (year ended December 2025) was $347.6 million, up 13.0% from fiscal 2024. In the quarter to June 2026, revenue grew 12.2%, EPS grew 21.7%, free cash flow grew 44.7% and total debt rose 137.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.

74.09 0.36 +0.49%

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Market cap: $876.8M
P/E: 10.4×
Fwd P/E: 9.7×
Dividend yield: 3.02%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01

Total sells 0.14

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	1	—	—	—
Sell	—	—	—	—	1	—	—	—	—	—	—	—

Insider Ownership 4.98%

Capital & Financial Ratios $m

Market Cap 876.79

Revenue 363.49

Net Income 84.76

Free Cash Flow 93.04

Net Debt 194.83

Current Ratio 0.88

Debt/Equity 0.43

P/E ratio 10.38

Fwd P/E 9.69

P/S ratio 2.42

P/B ratio 1.30

Past 5Y EPS Growth 11.19%

This Y EPS Growth 16.28%

Next Y EPS Growth 6.28%

Next Y revenue growth (14.60%)

Next 5Y EPS Growth 9.10%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 44.53%

10-year low 10-year high

P/S against its own 10 years 37.12%

10-year low 10-year high

P/B against its own 10 years 82.23%

10-year low 10-year high

Dividends

Payout Ratio 0.31

Annual Dividend Rate 2.24

Annual Dividend Yield 3.02%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.24	0.56 0.56 0.56 0.56
2025	2.04	0.51 0.51 0.51 0.51
2024	1.35	0.45 0.45 0.45
2023	1.53	0.54 0.54 0.45
2022	0.54	0.10 0.54
2021	1.06	0.53 0.53
2020	1.04	0.52 0.52
2019	1.03	0.51 0.52
2018	1.02	0.51 0.51
2017	1.00	0.50 0.50 1.50
2016	0.99	0.49 0.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	77	94	131	97
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	3,230	3,912	4,166	4,542

	2023	2024	2025	Q'26
Payables	4,090	4,719	4,551	4,833
ST’ Debt	—	—	—	—
Other	—	—	—	—
	4,157	4,906	4,844	5,143

Compound Annual Growth %

	10y	5y	3y
Sales	8.92%	11.36%	14.75%
Cash Flow	8.16%	3.15%	4.69%
Earnings	10.12%	8.03%	3.66%
Book Value	4.72%	1.74%	11.05%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	89	95	—	—	—
’25	84	85	88	92	348
’24	69	71	83	85	308
’23	64	67	70	70	271
’22	53	53	60	63	230
’21	47	49	49	50	194
’20	50	48	51	53	203

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	18	—	—	—
’25	21	13	27	30	90
’24	12	9	23	16	60
’23	24	14	28	20	86
’22	21	12	20	26	79
’21	15	12	15	12	55
’20	26	14	13	25	77

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	22	17	—	—	—
’25	20	12	26	29	86
’24	11	8	20	15	54
’23	21	14	27	19	80
’22	19	12	19	27	77
’21	14	10	15	13	51
’20	24	13	12	24	74

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.67	1.91	—	—	—
’25	1.55	1.57	1.75	1.81	6.68
’24	0.93	0.96	0.74	1.37	4.00
’23	1.33	1.33	1.37	1.06	5.08
’22	1.67	1.27	1.50	1.37	5.82
’21	0.95	1.24	1.24	0.58	4.02
’20	0.89	0.87	1.02	1.15	3.93

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	31.15	39.55	38.03	37.41	27.62	37.70	41.50	31.00	34.58	42.05	Analyst estimates 2026–2028 Powerpack
	High	53.49	53.30	53.05	46.93	45.92	47.00	49.90	46.43	51.87	65.79
People
People	Employees	846	847	816	957	917	883	900	861	937	946
	Revenue/emp, $m	0.18	0.18	0.20	0.20	0.22	0.22	0.26	0.31	0.33	0.37
Income, $m
Income, $m	Revenue	156	150	164	188	203	194	230	271	308	348
	Gross margin, %	97.18	95.78	94.13	90.69	93.03	95.47	92.06	77.45	70.81	75.34
	EBT	58	50	58	61	66	66	88	72	57	99
	EBT margin, %	37.29	33.14	35.11	32.52	32.29	33.77	38.15	26.74	18.59	28.40
	Net income	38	29	47	49	54	53	71	61	47	79
	Depreciation	9	8	8	10	13	15	13	12	15	16
Per share, $
Per share, $	Revenue	12.69	12.28	13.42	14.58	14.80	14.73	18.84	22.71	26.03	29.33
	Earnings	3.12	2.38	3.80	3.80	3.93	4.02	5.82	5.08	4.00	6.68
	Cash flow	3.34	4.10	4.69	3.88	5.64	4.17	6.45	7.21	5.11	7.63
	Capex	(0.25)	(0.24)	(0.16)	(0.09)	(0.28)	(0.29)	(0.12)	(0.55)	(0.52)	(0.34)
	Free cash flow	3.10	3.86	4.52	3.79	5.36	3.88	6.34	6.66	4.59	7.29
	Book value	33.64	33.83	36.12	43.34	43.53	44.17	38.92	44.23	46.48	54.92
	Shares, m	12	12	12	13	14	13	12	12	12	12
Valuation, ×
Valuation, ×	P/E	16.78	18.89	10.57	12.06	9.89	11.29	7.92	8.41	11.55	9.04
	P/S	4.11	3.66	2.99	3.14	2.63	3.07	2.44	1.89	1.77	2.06
	P/B	1.55	1.33	1.11	1.05	0.89	1.03	1.18	0.97	0.99	1.10
	EV/Sales	3.59	3.17	2.75	2.58	(0.59)	(0.39)	1.48	2.00	1.56	2.23
	EV/FCF	14.75	10.11	8.18	9.94	(1.62)	(1.47)	4.39	6.83	8.85	8.96
Cash, $m
Cash, $m	Operating cash flow	41	50	57	50	77	55	79	86	60	90
	Capex	(3)	(3)	(2)	(1)	(4)	(4)	(1)	(7)	(6)	(4)
	Free cash flow	38	47	55	49	74	51	77	80	54	86
Balance, $m
Balance, $m	Working capital	(595)	(542)	(484)	(566)	(631)	(1,030)	(1,159)	(927)	(994)	(678)
	Total debt	0	58	70	31	6	16	10	109	28	188
	Net debt	(82)	(74)	(74)	(104)	(652)	(672)	(222)	32	(66)	57
	Shareholders’ equity	414	414	443	558	597	583	475	528	549	651
Returns, %
Returns, %	ROA	1.29	0.97	1.55	1.39	1.25	1.09	1.40	1.23	0.91	1.40
	ROIC	10.96	9.16	9.80	8.40	0.00	0.00	21.68	8.10	7.40	8.71
	ROE	9.32	7.04	10.88	9.77	9.33	8.98	13.44	12.09	8.78	13.20

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NBBK NB Bancorp, Inc.	$913.3M	14.4×	10.2×	+39.49% (above 0%: growing)	+35.90% (above 0%: growing)	+19.91% (above 0%: growing)	63.66%	0.00%	Compare
MPB Mid Penn Bancorp	$911.3M	12.6×	11.6×	+24.51% (above 0%: growing)	+290.91% (above 0%: growing)	−3.90% (below 0%: shrinking)	70.72%	0.00%	Compare
FCBC First Community Bancshares, Inc.	$911.3M	15.3×	15.0×	+35.47% (above 0%: growing)	+77.61% (above 0%: growing)	+82.80% (above 0%: growing)	92.36%	0.00%	Compare
SBSI Southside Bancshares, Inc.	$909.2M	12.1×	9.8×	+6.52% (above 0%: growing)	+25.00% (above 0%: growing)	+1,301.48% (above 0%: growing)	60.49%	0.00%	Compare
FMNB Farmers National Banc Corp.	$900.6M	10.4×	9.4×	+43.94% (above 0%: growing)	+5.41% (above 0%: growing)	+114.21% (above 0%: growing)	70.09%	0.00%	Compare
THFF First Financial Corporation Indiana	$876.8M	10.4×	9.7×	+12.19% (above 0%: growing)	+21.66% (above 0%: growing)	+44.71% (above 0%: growing)	75.76%	0.00%
SMBK SmartFinancial, Inc.	$861.9M	14.9×	11.5×	+9.67% (above 0%: growing)	+38.57% (above 0%: growing)	+68.13% (above 0%: growing)	65.11%	0.00%	Compare
EGBN Eagle Bancorp, Inc.	$854.2M	— (loss-making)	15.8×	−13.00% (below 0%: shrinking)	n/m	+207.40% (above 0%: growing)	53.23%	0.00%	Compare
GSBC Great Southern Bancorp, Inc.	$846.0M	12.9×	12.9×	−10.48% (below 0%: shrinking)	−16.18% (below 0%: shrinking)	−93.70% (below 0%: shrinking)	71.23%	0.00%	Compare
Median of peers	$904.9M	12.9×	11.6×	+17.09%	+35.90%	+75.47%	67.60%	0.00%

All 323 Banks Regional stocks →

First Financial Corporation Indiana (THFF) key facts

Strength: First Financial Corporation Indiana’s revenue for fiscal 2025 (year ended December 2025) was $347.6 million, up 13.0% from fiscal 2024.
Strength: Net income was $79.2 million, or $6.68 per share (basic), a net margin of 22.8%.
First Financial Corporation Indiana (THFF) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, THFF traded at $74.09, a market capitalization of $876.8 million.
At that price the stock trades at 10.4× trailing-twelve-month earnings and 2.4× sales; its P/E is higher than 45% of its own readings over the past ten years.
First Financial Corporation Indiana pays an annual dividend of $2.24 per share, a yield of 3.02%, with a payout ratio of 31.4%.
Return on equity was 13.2% and debt-to-equity 0.43.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.