First Financial Indiana (THFF) AI Stock Analysis

• Market Cap: $656.64M
• Dividend Yield: 3.59%
• Average Volume (3M): 57.73K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.99
• Revenue Growth: 20.07%
• EPS Growth: 21.46%
• Country: US
• Employees: 937
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): 1.57
• Shares Outstanding: 11,850,645
• 10 Day Avg. Volume: 58,273
• 30 Day Avg. Volume: 57,726
• PEG Ratio: 0.82
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.58
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 0.78
• Enterprise Value/Gross Profit: 4.37
• Enterprise Value/Ebitda: 3.45
• 1Y Price Target: $61.00
• Price Target Upside: 10.75% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: $62.00 ▲(12.56%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 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 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 exhibits strong financial health, characterized by solid profitability, efficient cash flow management, and moderate leverage. The company's consistent revenue growth and healthy margins highlight its operational efficiency, while stable balance sheet metrics reflect prudent financial management. Continued focus on enhancing equity utilization and maintaining cash flow stability will further strengthen its financial position.

Income Statement

First Financial Indiana shows strong profitability with a TTM net profit margin of 16.99% and a gross profit margin of 66.89%. Revenue growth is healthy, showing a TTM increase of 4.78% from the previous year. EBIT and EBITDA margins are robust at 21.04% and 24.62%, respectively. The company demonstrates a consistent ability to generate profits from its revenues, indicating effective cost control and operational efficiency.

Balance Sheet

The balance sheet of First Financial Indiana indicates a stable financial position with a debt-to-equity ratio of 0.46, suggesting moderate leverage. The equity ratio stands at 10.31%, reflecting a reasonable proportion of equity financing. With a return on equity of 9.57%, the company effectively uses equity to generate profits. However, there is room for improvement in equity utilization and asset financing strategies.

Cash Flow

The cash flow analysis reveals a strong operating cash flow to net income ratio of 1.26, indicating robust cash generation compared to net profits. Free cash flow has grown by 16.63%, showing effective cash management and reinvestment strategies. The free cash flow to net income ratio of 1.16 further underscores the company's ability to convert earnings into cash effectively.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	307.51M	271.10M	230.02M	194.28M	202.96M
Gross Profit	201.59M	202.67M	211.76M	183.02M	178.29M
EBITDA	67.10M	79.02M	93.87M	71.77M	71.63M
Net Income	47.27M	60.67M	71.11M	52.99M	53.84M
Balance Sheet
Total Assets	5.56B	4.85B	4.99B	5.18B	4.56B
Cash, Cash Equivalents and Short-Term Investments	820.49M	1.34B	1.55B	2.05B	1.68B
Total Debt	215.18M	175.80M	80.46M	115.53M	127.72M
Total Liabilities	5.01B	4.32B	4.51B	4.59B	3.96B
Stockholders Equity	549.04M	527.98M	475.29M	582.58M	596.99M
Cash Flow
Free Cash Flow	54.26M	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	-312.16M	-16.25M
Financing Cash Flow	22.52M	-209.75M	-110.61M	287.65M	468.87M

First Financial Indiana Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 55.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For THFF, the sentiment is Neutral. The current price of 55.08 is below the 20-day moving average (MA) of 55.90, above the 50-day MA of 53.22, and above the 200-day MA of 48.36, indicating a neutral trend. The MACD of 0.84 indicates Positive momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 30.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for THFF.

First Financial Indiana Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORRF	76 Outperform	$687.09M	15.73	13.01%	2.84%	89.36%	-29.07%
SPFI	74 Outperform	$647.32M	12.89	12.52%	1.50%	6.07%	20.59%
THFF	73 Outperform	$656.64M	10.58	11.08%	3.59%	20.07%	21.46%
HTBK	70 Outperform	$609.18M	15.57	5.70%	5.43%	6.54%	-19.64%
HIFS	69 Neutral	$539.18M	16.12	7.82%	1.02%	6.63%	62.84%
Sector *	61 Neutral	C$15.12B	6.81	23.28%	5.39%	33.61%	-23.38%
WASH	53 Neutral	$534.75M	12.16	-4.88%	8.13%	-24.85%	-156.55%

First Financial Indiana Corporate Events

First Financial Indiana Engages at KBW Investor Conference

On July 29-30, 2025, First Financial Corporation’s senior executives, Rodger A. McHargue and Steve Panagouleas, participated in the KBW Community Bank Investor Conference. This participation underscores the company’s proactive engagement with investors and stakeholders, potentially enhancing its visibility and influence within the financial sector. The event provided an opportunity to present the company’s financial condition and strategic objectives, which could impact its market positioning and stakeholder relations.

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.

First Financial Indiana Declares Quarterly Dividend

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.

First Financial Indiana Secures CEO with New Agreement

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.

First Financial Indiana Updates Executive Employment Agreements

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.