Pulling SEC filings + quote and writing the call…

FIRST FINANCIAL CORP /IN/
Next earnings Jul 20, 2026 · consensus $1.80 EPS, $74.1M rev
Last earnings +0.8% on 2026-04-28
Cheap Indiana community bank at 11.5x earnings with surging profitability, fortress capital build, and rate-cut tailwind.
Sources: SEC EDGAR (CIK 0000714562, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/25/2026, 2:41:42 PM.
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Quality fundamentals and an attractive price line up (~227% below fair value) — the rarer case where both the business and the entry look good.
THFF is a classic underfollowed community bank trading at a meaningful discount to its earnings power. FY2025 net income of $79.2M (+67.5% YoY) and diluted EPS of $6.68 (+67.0%) represent a dramatic recovery from FY2024's $47.3M trough — and importantly, this beats the prior FY2022 peak of $71.1M, suggesting the rebound is structural, not just a base effect. Operating cash flow of $90.4M (+49.8%) confirms the earnings are cash-backed. At $76.70, the stock trades at just 11.5x earnings and roughly 1.4x book value (equity of $651M on 11.9M shares ≈ $54.7 book/share), which is undemanding for a bank generating 12.2% ROE.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $53.0M | $71.1M | $60.7M | $47.3M | $79.2M |
| Diluted EPS | $4.02 | $5.82 | $5.08 | $4.00 | $6.68 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Other-events disclosure with exhibit; no material change to operations or guidance.
Q1'26 10-Q: first full post-deal quarter; balance sheet reflects acquired assets.
Q1'26 earnings release furnished; first full quarter post-acquisition results.
Annual meeting vote results filed; directors elected, routine governance items passed.
Reg FD investor presentation furnished; no new financial disclosures.
Other-events disclosure with exhibit, likely post-close integration update.
Proxy: routine board slate and exec comp for 2026 annual meeting.
FY25 NI $79.2M (+67%), EPS $6.68, equity +18.5%; acquisition boosts scale.
Completed acquisition closing; drove LT debt +569% and FY25 net income +67%.
1049 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-03-02 | Franklin Mark Allen CHIEF LENDING OFFICER | Sell | 2.21K @ $64.60 | $143K |
| 2026-02-09 | Franklin Mark Allen CHIEF LENDING OFFICER | Award | 2.14K | |
| 2026-02-09 | Panagouleas Stephen P CHIEF CREDIT OFFICER | Award | 2.13K | |
| 2026-02-09 | McHargue Rodger Allen CHIEF FINANCIAL OFFICER | Award | 2.96K | |
| 2026-02-09 | Lowery Norman D PRESIDENT & C.E.O. | Award | 9.41K | |
| 2026-01-02 | Franklin Mark Allen CHIEF LENDING OFFICER | Tax | 1.17K @ $60.42 | $70.4K |
| 2026-01-02 | Panagouleas Stephen P CHIEF CREDIT OFFICER | Tax | 147.00 @ $60.42 | $8.88K |
| 2026-01-02 | McHargue Rodger Allen CHIEF FINANCIAL OFFICER | Tax | 1.50K @ $60.42 | $90.5K |