First Financial Corporation Indiana (THFF)
NASDAQ:THFF
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First Financial Indiana
(NASDAQ:THFF)
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Rating:74Outperform
Price Target:
$76.00
â–²(12.58% Upside)
Action:Upgraded
Date:05/09/26
The score is driven primarily by strong profitability and cash generation, supported by attractive valuation (low P/E and solid yield). Technicals add a positive tailwind with price above major moving averages and bullish momentum. The main constraint is higher balance-sheet leverage and the recent TTM revenue decline, which raise risk despite the positive corporate updates.
Positive Factors
Profitability & cash generation
High TTM margins and free cash flow nearly equal to net income indicate durable earnings quality and strong cash conversion. This supports internal reinvestment, dividend capacity and resilience through economic cycles, reducing reliance on external funding for core operations.
Negative Factors
Rising leverage
Material increase in leverage reduces balance-sheet flexibility and raises sensitivity to interest-rate and credit stress. Higher debt levels constrain capacity for future lending or opportunistic acquisitions and increase the potential impact of funding shocks on capital and earnings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & cash generation
High TTM margins and free cash flow nearly equal to net income indicate durable earnings quality and strong cash conversion. This supports internal reinvestment, dividend capacity and resilience through economic cycles, reducing reliance on external funding for core operations.
Read all positive factors
First Financial Indiana (THFF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$794.50M
Dividend Yield3.19%
Average Volume (3M)58.63K
Price to Earnings (P/E)9.5
Beta (1Y)0.93
Revenue Growth9.58%
EPS Growth46.74%
CountryUS
Employees937
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)6.80
Shares Outstanding11,891,896
10 Day Avg. Volume83,366
30 Day Avg. Volume58,631
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.10
Price to Sales (P/S)2.19
P/FCF Ratio8.29
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue3.90
Enterprise Value/Gross Profit5.00
Enterprise Value/Ebitda13.16
Forecast
1Y Price Target
$70.00Price Target Upside3.69% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.2
Revenue Forecast (FY)$293.13M
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 primaril...
How the Company Makes Money
THFF primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is the core revenue stream: the bank collects interest on loans and other interest-earning assets (such...
First Financial Indiana Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 320.85M | 326.44M | 307.51M | 271.10M | 230.02M | 194.28M |
| Gross Profit | 249.99M | 253.59M | 201.59M | 202.67M | 213.78M | 183.02M |
| EBITDA | 94.93M | 108.46M | 67.10M | 79.02M | 93.87M | 71.77M |
| Net Income | 80.61M | 79.21M | 47.27M | 60.67M | 71.11M | 52.99M |
Balance Sheet | ||||||
| Total Assets | 6.13B | 5.76B | 5.56B | 4.85B | 4.99B | 5.18B |
| Cash, Cash Equivalents and Short-Term Investments | 96.89M | 825.32M | 820.49M | 1.34B | 1.55B | 2.05B |
| Total Debt | 558.54M | 480.68M | 215.18M | 175.80M | 80.46M | 115.53M |
| Total Liabilities | 5.47B | 5.11B | 5.01B | 4.32B | 4.51B | 4.59B |
| Stockholders Equity | 655.29M | 650.87M | 549.04M | 527.98M | 475.29M | 582.58M |
Cash Flow | ||||||
| Free Cash Flow | 90.65M | 86.42M | 54.26M | 79.55M | 77.36M | 51.23M |
| Operating Cash Flow | 91.97M | 90.41M | 60.37M | 86.09M | 78.79M | 55.07M |
| Investing Cash Flow | -206.46M | -126.16M | -66.12M | -22.10M | -433.69M | -312.16M |
| Financing Cash Flow | 125.17M | 72.59M | 22.52M | -209.75M | -110.61M | 287.65M |
First Financial Indiana Technical Analysis
Positive
67.51
Price Trends
64.62
Positive
63.96
Positive
59.96
Positive
Market Momentum
0.29
Positive
51.23
Neutral
37.63
Neutral
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 67.51 is above the 20-day moving average (MA) of 66.41, above the 50-day MA of 64.62, and above the 200-day MA of 59.96, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 51.23 is Neutral, neither overbought nor oversold. The STOCH value of 37.63 is Neutral, 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 46 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $817.15M | 9.20 | 11.66% | 3.66% | 19.34% | 49.11% | |
76 Outperform | $879.84M | 10.75 | 15.32% | 2.18% | 19.90% | 38.87% | |
75 Outperform | $704.37M | 7.97 | 14.62% | 2.93% | 10.73% | 121.24% | |
74 Outperform | $794.50M | 9.48 | 12.81% | 3.19% | 9.58% | 46.74% | |
68 Neutral | $806.98M | 21.38 | 6.26% | 2.58% | 17.28% | -22.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $810.56M | 14.40 | 6.63% | 0.67% | 21.77% | 17.22% |
* Financial Sector Average
THFF
First Financial Indiana
66.27
16.58
33.37%
CAC
Camden National
48.25
9.89
25.78%
MPB
Mid Penn Bancorp
31.66
5.14
19.40%
ORRF
Orrstown Financial Services
35.79
6.69
22.98%
FSBC
Five Star
40.94
13.53
49.37%
NBBK
NB Bancorp, Inc.
19.52
2.86
17.14%
First Financial Indiana Corporate Events
Executive/Board ChangesShareholder Meetings
First Financial Indiana Shareholders Elect Directors, Approve Proposals
Neutral
Apr 15, 2026
At its 2026 annual meeting of shareholders, First Financial Indiana elected five directors—Mark J. Blade, Gregory L. Gibson, Norman D. Lowery, Paul J. Pierson, and Richard J. Shagley—to three-year terms expiring in 2029, with results r...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
First Financial Indiana Highlights Strategic Growth at Investor Roadshow
Positive
Mar 20, 2026
On March 24, 2026, First Financial Corporation’s senior leadership team, including its president and CEO, CFO and chief credit officer, was scheduled to participate in the Raymond James Virtual Roadshow to present the company’s financi...
Dividends
First Financial Indiana Declares Quarterly Cash Dividend Increase
Positive
Mar 18, 2026
On March 18, 2026, the board of directors of First Financial Corporation declared a quarterly cash dividend of $0.56 per share for its common shareholders. The dividend will be paid on April 15, 2026, to investors holding shares as of the close of...
Business Operations and StrategyM&A Transactions
First Financial Indiana Completes CedarStone Bank Acquisition Deal
Positive
Mar 2, 2026
On March 1, 2026, First Financial Corporation and its subsidiary First Financial Bank completed the previously announced acquisition of Tennessee-based CedarStone Financial, Inc. and CedarStone Bank, merging CedarStone into First Financial and com...
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.