NASDAQ$THFF

First Financial Corporation · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Second quarter results reported with increased net income and EPS compared to the same period last year.

First Financial Corporation reported a net income of $16.0 million for the second quarter of 2023, compared to $15.6 million for the same period in 2022. Diluted earnings per share increased to $1.33 from $1.27 year-over-year. Average total loans increased by 9.63% year-over-year.

  • Net income was $16.0 million, up from $15.6 million in Q2 2022.
  • Diluted EPS reached $1.33, compared to $1.27 in the prior year's second quarter.
  • Return on average assets was 1.34%, an increase from 1.24% in Q2 2022.
  • Average total loans grew to $3.10 billion, a 9.63% increase from $2.83 billion in Q2 2022.

Headline financials

Total Revenue

$52.6M

Previous: $50.7M+3.7%
EPS (adj)

$1.33

Previous: $1.27+4.7%
Efficiency Ratio

58.0%

Previous: 59.1%-1.8%
Net Interest Margin

3.8%

Previous: 3.5%+10.1%
Capital Expenditures

-$3.6M

Previous: -$1.91M-88.0%
Free Cash Flow

$12.4M

Previous: $13.7M-9.6%
Net Income

$16M

Previous: $15.6M+2.4%
Operating Income

$36.1M

Previous: $46.2M-21.8%
Gross Profit

$50.8M

Previous: $50.7M+0.2%
Cash & Equivalents

$82.1M

Previous: $412M-80.1%
Total Assets

$4.88B

Previous: $5.01B-2.6%

Revenue & EPS history

First Financial · Revenue · Quarterly

$52.6M

Q2 2023+3.7%vs Q2 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

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

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 Q2 2023

Historical avgQ2 2023

+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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