NASDAQ$THFF

First Financial Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter results with increased net income and diluted net income per common share compared to the same period of 2021.

First Financial Corporation reported a strong third quarter with net income of $18.1 million and diluted net income per common share of $1.50, demonstrating growth compared to the same period in the previous year. Loan growth was strong, contributing to the sixth straight quarter of net interest income growth. The corporation's return on average assets was 1.43%.

  • Net income reached $18.1 million, up from $16.1 million in Q3 2021.
  • Diluted net income per common share increased to $1.50, compared to $1.24 in Q3 2021.
  • Average total loans increased to $2.92 billion, versus $2.52 billion in Q3 2021.
  • Net interest income grew to $43.1 million, compared to $36.0 million in Q3 2021.

Headline financials

Total Revenue

$55.2M

Previous: $47.1M+17.2%
EPS (adj)

$1.50

Previous: $1.24+21.0%
Efficiency Ratio

55.7%

Previous: 59.0%-5.6%
Net Interest Margin

3.7%

Previous: 3.2%+15.2%
Capital Expenditures

-$2.21M

Previous: -$4.55M+51.5%
Free Cash Flow

$15.8M

Previous: $11.6M+37.2%
Net Income

$18.1M

Previous: $16.1M+12.1%
Operating Income

$45.8M

Previous: $44.2M+3.6%
Gross Profit

$50.5M

Previous: $47.1M+7.2%
Cash & Equivalents

$328M

Previous: $758M-56.7%
Total Assets

$5.01B

Previous: $4.8B+4.3%

Revenue & EPS history

First Financial · Revenue · Quarterly

$55.2M

Q3 2022+17.2%vs Q3 2021
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 Q3 2022

Historical avgQ3 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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