NASDAQ$THFF

First Financial Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

First Financial Corporation's third quarter results were impacted by the acquisition of SimplyBank, with net income decreasing compared to the same period last year.

First Financial Corporation reported a net income of $8.7 million for the third quarter of 2024, a decrease compared to $16.3 million for the same period in 2023. The quarter was marked by the acquisition of SimplyBank, which influenced the results due to purchase accounting adjustments and charges. Average total loans and total deposits both increased, primarily due to the SimplyBank acquisition.

  • Net income was $8.7 million, down from $16.3 million in Q3 2023.
  • Diluted net income per common share was $0.74, compared to $1.37 in Q3 2023.
  • The corporation closed its acquisition of SimplyBank during the quarter.
  • Net interest margin expanded during the quarter.

Headline financials

Total Revenue

$58.4M

Previous: $52.8M+10.6%
EPS

$0.74

Previous: $1.37-46.0%
Efficiency Ratio

64.4%

Previous: 59.6%+8.2%
Net Interest Margin

3.8%

Previous: 3.7%+1.1%
NPL to Loans

0.4%

No prior period
TCE Ratio

8.3%

No prior period
ACL to Loans

1.2%

No prior period
Capital Expenditures

-$5.07M

Previous: -$5.28M+4.0%
Free Cash Flow

$3.67M

Previous: $11M-66.6%
Net Income

$8.74M

Previous: $16.3M-46.3%
Operating Income

$22.6M

Previous: $34M-33.6%
Gross Profit

$49M

Previous: $51.6M-5.0%
Cash & Equivalents

$77.3M

Previous: $74.7M+3.5%
Total Assets

$5.48B

Previous: $4.78B+14.6%

Revenue & EPS history

First Financial · Revenue · Quarterly

$58.4M

Q3 2024+10.6%vs Q3 2023
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 2024

Historical avgQ3 2024

+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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