NASDAQ$THFF
First Financial Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported results for the period ending December 31, 2021.
First Financial Corporation reported a net income of $7.4 million for Q4 2021, which includes merger and branch optimization expenses. Excluding these expenses, adjusted net income would have been $13.0 million or $0.99 per common share. Total loans grew by $113.0 million, or 4.55% excluding the transaction.
- Net income was $7.4 million, impacted by merger and branch optimization expenses.
- Adjusted net income would have been $13.0 million, or $0.99 per common share, excluding certain expenses.
- Diluted net income per common share was $0.58, compared to $1.15 for the same period in 2020.
- Total loans grew by $113.0 million, or 4.55% excluding the transaction.
Headline financials
Revenue & EPS history
First Financial · Revenue · Quarterly
$47.6M
Revenue by segment
First Financial · $45.4M total across 2 segments · Q1 2020
- Net Interest Income$36.4M—80.0%
- Non-Interest Income$9.1M—20.0%
Forward guidance
The branch optimization strategy is projected to save $2.3 million per year in operating expenses.
Tailwinds
- Completed merger with Hancock Bancorp and completed the system conversion during the quarter
- Expanded presence in Kentucky, including the attractive Bowling Green, Kentucky market
- Completed branch optimization strategy during the quarter
- Branch optimization strategy is projected to save $2.3 million per year in operating expenses
- Had exceptional loan growth during the quarter. Total loans grew by $113.0 million, or 4.55% excluding the transaction.
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 Q4 2021
+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
| Quarter | Report date | Reaction (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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