NASDAQ$THFF

First Financial Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter results with increased net income and earnings per share.

First Financial Corporation reported a strong first quarter with net income of $20.9 million, a significant increase compared to $12.9 million in the same period last year. Diluted earnings per share also rose to $1.67 from $0.95 year-over-year. The corporation saw growth in net interest income and maintained good credit quality.

  • Net income increased to $20.9 million compared to $12.9 million for the same period of 2021.
  • Diluted net income per common share rose to $1.67 compared to $0.95 for the same period of 2021.
  • Average total loans increased to $2.78 billion versus $2.64 billion for the comparable period in 2021.
  • Average total deposits increased to $4.43 billion versus $3.82 billion as of March 31, 2021.

Headline financials

Total Revenue

$51.5M

Previous: $44.2M+16.6%
EPS (adj)

$1.67

Previous: $0.95+75.8%
Efficiency Ratio

59.5%

Previous: 61.1%-2.5%
Net Interest Margin

3.2%

Previous: 3.3%-3.4%
TCE Ratio

8.7%

No prior period
Capital Expenditures

-$1.64M

Previous: $1.66M-198.9%
Free Cash Flow

$19.3M

Previous: $13.5M+42.5%
Net Income

$20.9M

Previous: $12.9M+62.5%
Operating Income

$51.6M

Previous: $16.1M+220.5%
Gross Profit

$51.5M

Previous: $34.9M+47.6%
Cash & Equivalents

$598M

Previous: $667M-10.3%
Total Assets

$5.1B

Previous: $4.68B+8.9%

Revenue & EPS history

First Financial · Revenue · Quarterly

$51.5M

Q1 2022+16.6%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

First Financial · $45.4M total across 2 segments · Q1 2020

  • Net Interest Income
    $36.4M
  • Non-Interest Income
    $9.1M

Forward guidance

First quarter results showed strong profitability measures with consecutive quarters of growth in net interest income and muted credit related costs, while credit quality remained very good.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.4%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+10.4%

Q2 2019

Best reaction

-7.1%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%-1.3%+3.1%
Q4 2025+1.2%+2.9%-4.6%
Q3 2025-1.9%-2.2%+8.2%
Q1 2025+2.1%+1.2%+4.8%
Q4 2024+4.1%+8.3%+2.9%
Q3 2024+0.2%-1.0%+15.0%
Q2 2024+0.1%+4.7%-5.1%
Q1 2024-0.6%+2.8%+1.0%
Q4 2023-7.1%-9.8%-12.3%
Q3 2023+1.8%+3.4%+16.7%
Q2 2023+1.6%+3.4%-2.2%
Q1 2023-0.4%+1.4%-0.3%
Q4 2022+2.1%+2.0%-1.7%
Q3 2022-1.1%+2.0%+1.4%
Q2 2022+3.4%+3.1%+4.6%
Q1 2022+0.1%-1.2%+2.7%
Q4 2021-2.2%-0.8%+4.6%
Q3 2021-1.5%+0.1%+5.1%
Q2 2021+1.3%+1.7%+0.9%
Q1 2021-2.1%-0.4%+1.0%
Q4 2020+2.8%+7.0%+12.4%
Q3 2020+1.2%+3.7%+13.8%
Q2 2020-2.1%+0.0%+2.0%
Q1 2020+3.7%-1.8%+2.5%
Q4 2019+0.0%+2.7%-7.4%
Q3 2019-0.1%+1.2%+1.7%
Q2 2019+10.4%+12.2%+5.9%
Q1 2019+1.8%+2.0%-8.0%
Q4 2018+1.1%+3.5%+7.1%
Q3 2018-6.5%-4.9%-0.6%
Q2 2018+2.7%+6.2%+9.7%
Q1 2018-0.8%-0.9%-0.6%
Q4 2017+5.3%+4.0%+4.9%
Q3 2017+0.2%+1.9%-2.7%
Q2 2017-1.6%-3.2%-9.0%
Q1 2017-0.1%-2.0%-7.2%
Q4 2016-2.9%+0.5%+0.1%
Q3 2016+3.4%-0.5%+17.7%
Q2 2016+2.2%+0.8%+7.2%
Q1 2016+1.4%
Q4 2015-0.2%
Q3 2015+4.0%
Q2 2015-2.1%
Q1 2015+1.1%
Q4 2014-0.3%
Q3 2014+2.3%
Q2 2014+0.6%
Q1 2014+3.3%
Q4 2013+1.6%
Q3 2013-1.1%
Q2 2013+0.1%
Q1 2013-1.6%
Q4 2012+0.4%
Q3 2012-0.1%
Q2 2012-1.4%
Q1 2012+0.4%
Q4 2011+1.3%
Q3 2011-1.9%
Q2 2011+0.8%
Q2 2010+0.8%
Q1 2011+1.0%
Q4 2010-1.8%
Q3 2010+4.5%
Q1 2010+4.6%

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