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First Financial Corporation Indiana

THFF Financial Banks Regional

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%
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% (at or above 15%: strong)
Next Y EPS Growth 6.28%
Next Y revenue growth (14.60%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

First Financial Corporation Indiana vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

First Financial Corporation Indiana (THFF) Latest News

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stockrow.com/THFF · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com