First Financial Indiana (THFF) AI Stock Analysis

• Market Cap: $511.72M
• Dividend Yield: 4.11%
• Average Volume (3M): 94.25K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.94
• Revenue Growth: 13.46%
• EPS Growth: -21.20%
• Country: US
• Employees: 937
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 4.00
• Shares Outstanding: 11,853,489
• 10 Day Avg. Volume: 79,821
• 30 Day Avg. Volume: 94,254
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.87
• Price to Cash Flow (P/CF): 9.20
• P/FCF Ratio: 9.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $56.50
• Price Target Upside: 24.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

First Financial Indiana is currently positioned as a potentially undervalued stock within the banking sector, with strong revenue growth and a robust balance sheet. However, the decline in profit margins and cash flow might pose future challenges. Technical indicators suggest mixed momentum, while its attractive P/E ratio and dividend yield enhance its appeal.

First Financial Indiana Business Overview & Revenue Model

Company Description

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans. In addition, it offers lease financing, trust account, depositor, and insurance services. The company operates 78 branches in west-central Indiana, east-central Illinois, western Kentucky, and middle and western Tennessee. First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.

How the Company Makes Money

First Financial Indiana generates revenue through a variety of streams typical of regional banks. Key revenue sources include interest income from loans and mortgages issued to individuals and businesses, as well as fees from various banking services such as account maintenance, transaction processing, and overdrafts. The bank also earns income from its investment services, including wealth management and advisory fees. Additionally, First Financial Indiana benefits from strategic partnerships and local market expertise, which enhance its ability to attract and retain customers, thereby contributing to its overall earnings.

First Financial Indiana Financial Statement Overview

Summary

First Financial Indiana shows strong revenue growth and a solid balance sheet with low leverage. However, declining net profit margins and cash flow present potential challenges. The company should focus on improving profitability and cash generation to sustain long-term financial health.

Income Statement

First Financial Indiana's revenue grew by 30.65% from 2023 to 2024, indicating strong growth. However, the net profit margin decreased to 17.85% in 2024 from 29.93% in 2023, suggesting reduced profitability. The EBIT margin is not available for 2024, which limits a comprehensive analysis of operational efficiency.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 9.87% in 2024. The debt-to-equity ratio is low at 0.34, indicating conservative leverage. However, the return on equity decreased to 8.61% in 2024 from 11.49% in 2023, reflecting reduced profitability relative to equity.

Cash Flow

Operating cash flow decreased from $86.09 million in 2023 to $60.37 million in 2024, impacting liquidity. The free cash flow to net income ratio remained stable, indicating consistent cash generation relative to profits. However, the free cash flow growth rate is negative, which may raise concerns about future cash availability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
264.74M	202.67M	211.76M	185.49M	188.82M
	Gross Profit
264.74M	202.67M	211.76M	185.49M	188.82M
	EBIT
-156.86M	72.49M	112.57M	65.61M	65.54M
	EBITDA
0.00	0.00	93.87M	71.77M	71.63M
	Net Income Common Stockholders
47.27M	60.67M	71.11M	52.99M	53.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.29B	77.04M	1.55B	2.05B	1.68B
	Total Assets
5.56B	4.85B	4.99B	5.17B	4.56B
	Total Debt
187.06M	108.58M	80.46M	109.31M	116.06M
	Net Debt
93.53M	31.82M	-139.57M	-573.50M	-541.41M
	Total Liabilities
5.01B	4.32B	4.51B	4.59B	3.96B
	Stockholders Equity
549.04M	527.98M	475.28M	582.58M	596.99M
Cash Flow		Free Cash Flow
60.37M	79.55M	77.36M	51.23M	73.52M
	Operating Cash Flow
60.37M	86.09M	78.79M	55.07M	77.42M
	Investing Cash Flow
-66.12M	-22.10M	-433.69M	-317.38M	-16.25M
	Financing Cash Flow
22.52M	-209.75M	-110.61M	287.65M	468.87M

First Financial Indiana Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 45.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THFF, the sentiment is Negative. The current price of 45.21 is below the 20-day moving average (MA) of 47.71, below the 50-day MA of 49.16, and above the 200-day MA of 44.78, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 45.62 is Neutral, neither overbought nor oversold. The STOCH value of 14.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for THFF.

First Financial Indiana Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRCE	75 Outperform	$1.38B	10.40	12.51%	2.52%	12.26%	7.48%
THFF	70 Outperform	$511.72M	10.79	8.78%	4.11%	13.46%	-21.20%
ONB	67 Neutral	$6.29B	11.71	9.06%	2.84%	16.39%	-13.25%
LKFN	67 Neutral	$1.45B	15.33	14.02%	3.49%	9.38%	-0.59%
HBNC	66 Neutral	$610.04M	17.24	4.78%	4.62%	10.94%	26.35%
FMBH	65 Neutral	$788.78M	9.96	9.62%	2.89%	17.70%	3.88%
Sector *	64 Neutral	$13.46B	9.44	9.34%	4.72%	16.14%	-8.80%

First Financial Indiana Corporate Events

First Financial Indiana Executives to Join Janney CEO Forum

On January 30, 2025, key executives from First Financial Corporation, including Norman D. Lowery, Rodger A. McHargue, and Steve Panagouleas, will participate in the Janney CEO Forum. This participation signifies the company’s active engagement in industry dialogues and potential strategic planning discussions, reflecting its ongoing efforts to strengthen its market position and explore growth opportunities. The announcement is intended for informational purposes and highlights the company’s continued focus on financial performance and stakeholder engagement.