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First Financial Corporation Indiana (THFF)
:THFF
US Market

First Financial Indiana (THFF) AI Stock Analysis

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First Financial Indiana

(NASDAQ:THFF)

Rating:73Outperform
Price Target:
$62.00
â–²(10.93%Upside)
First Financial Indiana's strong financial performance and reasonable valuation are the primary drivers of its overall stock score. The company's robust profitability and cash flow management, coupled with an attractive dividend yield, make it a solid investment choice. However, technical indicators suggest the stock may be overbought, indicating potential for a short-term pullback.

First Financial Indiana (THFF) vs. SPDR S&P 500 ETF (SPY)

First Financial Indiana Business Overview & Revenue Model

Company DescriptionFirst 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 MoneyFirst Financial Indiana generates revenue through a diversified mix of interest and non-interest income. Interest income is primarily derived from loans and advances made to individuals and businesses, including commercial loans, residential mortgages, and consumer loans. Additionally, the company invests in securities to earn interest income. Non-interest income is generated from service charges on deposit accounts, fees related to loan servicing, and wealth management services, including investment advisory and trust services. The bank also earns revenue through its ATM and debit card services. Key factors contributing to its earnings include its ability to manage interest rate risk, maintain asset quality, and expand its customer base through community-focused banking services.

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
74
Positive
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
81
Very Positive
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
68
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue322.22M307.51M271.10M230.02M194.28M202.96M
Gross Profit215.58M201.59M202.67M211.76M183.02M178.29M
EBITDA79.35M67.10M79.02M93.87M71.77M71.63M
Net Income54.76M47.27M60.67M71.11M52.99M53.84M
Balance Sheet
Total Assets5.55B5.56B4.85B4.99B5.18B4.56B
Cash, Cash Equivalents and Short-Term Investments1.27B820.49M1.34B1.55B2.05B1.68B
Total Debt262.51M215.18M175.80M80.46M115.53M127.72M
Total Liabilities4.98B5.01B4.32B4.51B4.59B3.96B
Stockholders Equity571.95M549.04M527.98M475.29M582.58M596.99M
Cash Flow
Free Cash Flow63.28M54.26M79.55M77.36M51.23M73.52M
Operating Cash Flow68.99M60.37M86.09M78.79M55.07M77.42M
Investing Cash Flow-55.09M-66.12M-22.10M-433.69M-312.16M-16.25M
Financing Cash Flow3.08M22.52M-209.75M-110.61M287.65M468.87M

First Financial Indiana Technical Analysis

Technical Analysis Sentiment
Positive
Last Price55.89
Price Trends
50DMA
51.24
Positive
100DMA
49.58
Positive
200DMA
47.29
Positive
Market Momentum
MACD
1.28
Negative
RSI
76.06
Negative
STOCH
93.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THFF, the sentiment is Positive. The current price of 55.89 is above the 20-day moving average (MA) of 52.33, above the 50-day MA of 51.24, and above the 200-day MA of 47.29, indicating a bullish trend. The MACD of 1.28 indicates Negative momentum. The RSI at 76.06 is Negative, neither overbought nor oversold. The STOCH value of 93.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for THFF.

First Financial Indiana Risk Analysis

First Financial Indiana disclosed 43 risk factors in its most recent earnings report. First Financial Indiana reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

First Financial Indiana Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$658.46M15.686.12%4.92%5.14%-24.91%
74
Outperform
$614.87M12.6412.00%1.60%8.76%-18.66%
73
Outperform
$675.25M12.3110.02%3.65%16.84%-1.03%
71
Outperform
$658.22M17.197.85%3.12%75.68%-41.36%
67
Neutral
$621.70M22.046.68%0.92%7.69%13.82%
62
Neutral
AU$9.88B7.9410.79%5.20%32.02%38.31%
50
Neutral
$564.84M12.16-5.43%7.65%-20.25%-157.94%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
THFF
First Financial Indiana
56.98
22.18
63.74%
HTBK
Heritage Commerce
10.69
2.73
34.30%
HIFS
Hingham Institution For Savings
285.15
104.99
58.28%
ORRF
Orrstown Financial Services
33.74
7.50
28.58%
WASH
Washington Bancorp
29.65
5.51
22.83%
SPFI
South Plains Financial
37.89
11.55
43.85%

First Financial Indiana Corporate Events

Dividends
First Financial Indiana Declares Quarterly Dividend
Positive
Jun 18, 2025

On June 18, 2025, First Financial Corporation announced a quarterly dividend of $0.51 per share, payable on July 15, 2025, to shareholders recorded by July 1, 2025. This declaration reflects the company’s ongoing commitment to providing shareholder value and may influence investor confidence and market perception positively.

The most recent analyst rating on (THFF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.

Executive/Board Changes
First Financial Indiana Secures CEO with New Agreement
Neutral
Jun 3, 2025

On June 2, 2025, First Financial Corporation and its subsidiary First Financial Bank entered into a new employment agreement with Norman D. Lowery, effective July 1, 2025. The agreement secures Mr. Lowery’s position as President and CEO for an initial term of 24 months, with provisions for salary, bonuses, and benefits. It also outlines conditions for termination and compensation in the event of a change in control, including confidentiality and non-compete clauses.

The most recent analyst rating on (THFF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.

Executive/Board Changes
First Financial Indiana Updates Executive Employment Agreements
Neutral
Jun 3, 2025

On June 2, 2025, First Financial Corporation and its subsidiary, First Financial Bank, entered into new employment agreements with three senior executives, effective July 1, 2025. These agreements outline terms for employment duration, salary, bonus opportunities, and benefits, with specific provisions for termination scenarios, including those related to a change in control. The agreements also include confidentiality, non-solicitation, and non-compete clauses, impacting the executives’ activities post-employment within specified geographic areas.

The most recent analyst rating on (THFF) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 03, 2025