First Financial Corp Posts Record Q2 Net Income of $22.7M, or $1.91 Per Share
THFF sits 62% above its 52-week low of $51.21 on light trading volume (0.2× avg).
Summary
First Financial Corp reported record Q2 2026 net income of $22.7 million ($1.91 EPS), up from $18.6 million a year ago, fueled by loan growth and margin expansion. The balance sheet strengthened with assets reaching $6.18 billion, and credit quality remained solid.
Key Events · Earnings and Guidance · THFF
-
Record Q2 Net Income
Net income reached $22.7 million ($1.91 EPS) in Q2 2026, up from $18.6 million ($1.57 EPS) in Q2 2025. For the first six months, net income totaled $42.5 million ($3.58 EPS) compared with $37.0 million ($3.12 EPS) a year earlier.
-
Strong Loan and Deposit Growth
Loans increased $413 million to $4.5 billion, while deposits grew 6.2% to $4.8 billion. Net interest income rose to $61.2 million in Q2 2026 from $52.7 million a year ago.
-
Solid Credit Quality
Non-performing loans decreased to $27.1 million from $28.6 million at year-end 2025. The allowance for credit losses stands at $50.9 million, covering 188.2% of non-performing loans.
-
CedarStone Acquisition Completed
CedarStone Financial was acquired on March 1, 2026 for $25 million in cash, adding $292 million in loans and $313 million in deposits.
Analysis · THFF · Finance
Driven by robust loan growth and expanding margins, First Financial delivered a record quarterly net income of $22.7 million, or $1.91 per share. The balance sheet expanded meaningfully, with total assets climbing to $6.18 billion, loans up $413 million, and deposits rising 6.2%. Credit quality remains a bright spot: non-performing loans edged lower while the allowance for credit losses covers 188% of those loans. The March closing of the CedarStone acquisition contributed to the growth, and capital ratios sit comfortably above regulatory requirements, providing a sturdy foundation.
At the time of this filing, THFF was trading at $82.80 on NASDAQ in the Finance sector, with a market capitalization of approximately $984.6M. The 52-week trading range was $51.21 to $83.83. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.