First Financial Corporation Reports Third Quarter Results
Key Highlights
- ➤Q3 net income $27.4 million, up from $20.8 million year over year
- ➤Q3 diluted EPS $2.31, compared with $1.75 in 2025
- ➤Record Q3 net interest income $63.5 million, up 16.3% year over year
- ➤First Illinois merger offers $44.35 cash or 0.5727 FFC shares
- ➤Merger expected to close in the first quarter of 2027
Expert Statements
Norman D. Lowery, President and Chief Executive Officer of First Financial Corporation
“We are pleased with our third quarter results. The quarter marked another quarter of record net income and record net interest income. Our net interest margin and profitability remain strong with a 4.36% net interest margin and a 1.54% return on assets year-to-date. Loan pipelines remain strong and credit quality remains stable.”
TERRE HAUTE, Ind., Oct. 27, 2026 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced results for the third quarter of 2026. * Net income was $27.4 million compared to $20.8 million reported for the same period of 2025; * Diluted net income per common share of $2.31 compared to $1.75 for the same period of 2025; * Return on average assets was 1.79% compared to 1.48% for the three months ended September 30, 2025; * Benefit from credit losses was $750 thousand compared to provision expense of $2.0 million for the third quarter 2025; and * Pre-tax, pre-provision net income was $33.7 million compared to $27.7 million for the same period in 2025.(1) The Corporation further reported results for the nine months ended September 30, 2026: * Net income was $70.0 million compared to $57.8 million reported for the same period of 2025; * Diluted net income per common share of $5.89 compared to $4.87 for the same period of 2025; * Return on average assets was 1.54% compared to 1.39% for the nine months ended September 30, 2025; * Provision for credit losses was $3.1 million compared to provision of $6.0 million for the nine months ended September 30, 2025; and * Pre-tax, pre-provision net income was $90.3 million compared to $78.3 million for the same period in 2025.(1) __________________________ (1 )Non-GAAP financial measure that Management believes is useful for investors and management to understand pre-tax profitability before giving effect to credit loss expense and to provide additional perspective on the Corporation’s performance over time as well as comparison to the Corporation’s peers and evaluating the financial results of the Corporation – please refer to the Non-GAAP reconciliations contained in this release.
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