First Financial Indiana (THFF) AI Stock Analysis

• Market Cap: $698.95M
• Dividend Yield: 3.46%
• Average Volume (3M): 64.00K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.90
• Revenue Growth: 16.57%
• EPS Growth: 69.64%
• Country: US
• Employees: 937
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.75
• Shares Outstanding: 11,850,645
• 10 Day Avg. Volume: 57,140
• 30 Day Avg. Volume: 63,999
• PEG Ratio: -0.54
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 1.77
• P/FCF Ratio: 10.06
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 2.76
• Enterprise Value/Gross Profit: 3.84
• Enterprise Value/Ebitda: 8.99
• 1Y Price Target: $62.00
• Price Target Upside: 6.22% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $61.00 ▲(4.51% Upside)

First Financial Indiana's strong financial performance, characterized by robust profitability and efficient operations, is a significant strength. The valuation is attractive with a low P/E ratio and a solid dividend yield. Technical analysis shows a neutral trend, which slightly tempers the overall score.

Positive Factors

Acquisition of CedarStone Financial

The acquisition of CedarStone Financial expands First Financial's asset base and geographic footprint, enhancing its market position and growth potential in the Tennessee region.

Strong Profitability

High net profit margins reflect strong operational efficiency and cost management, which supports sustainable profitability and competitive advantage in the long term.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth opportunities and providing a buffer against economic downturns.

Negative Factors

Negative Revenue Growth

Declining revenue growth may indicate challenges in expanding market share or product offerings, which could impact long-term competitiveness and profitability.

Challenging Revenue Expansion

Persistent challenges in revenue expansion could limit future growth prospects, necessitating strategic adjustments to capture new market opportunities.

Limited Asset Financing Assessment

Lack of complete asset financing data may obscure potential risks related to capital structure, affecting the ability to fully evaluate financial health and leverage.

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 several key streams. The primary source of income comes from net interest income, derived from the difference between the interest earned on loans and the interest paid on deposits. Additionally, the company earns non-interest income through fees for services such as asset management, investment advisory, and insurance services. The bank also benefits from loan origination fees and transaction fees associated with various financial products. Strategic partnerships with other financial institutions and investment firms enhance its service offerings and revenue potential, while investment income from its securities portfolio contributes further to its earnings.

First Financial Indiana Financial Statement Overview

Summary

First Financial Indiana demonstrates strong profitability and efficient operations, with healthy margins and a robust return on equity. While revenue growth has been challenging, the company maintains a solid cash flow position and prudent leverage.

Income Statement

First Financial Indiana shows strong profitability with a TTM net profit margin of 23.95%, indicating efficient cost management. However, the revenue growth rate is negative at -8.08% TTM, suggesting challenges in revenue expansion. The EBIT and EBITDA margins are healthy at 21.56% and 38.11% respectively, reflecting solid operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.29 TTM, indicating prudent leverage management. Return on equity is robust at 12.70% TTM, showcasing effective use of equity capital. However, the equity ratio is not provided, limiting a full assessment of asset financing.

Cash Flow

Free cash flow growth is positive at 13.58% TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.40, suggesting a moderate conversion of income to cash. The free cash flow to net income ratio is high at 91.08%, reflecting strong cash profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	340.98M	307.51M	271.10M	230.02M	194.28M	202.96M
Gross Profit	245.25M	201.59M	202.67M	213.78M	183.02M	178.29M
EBITDA	104.80M	67.10M	79.02M	93.87M	71.77M	71.63M
Net Income	74.00M	47.27M	60.67M	71.11M	52.99M	53.84M
Balance Sheet
Total Assets	5.67B	5.56B	4.85B	4.99B	5.18B	4.56B
Cash, Cash Equivalents and Short-Term Investments	1.27B	820.49M	1.34B	1.55B	2.05B	1.68B
Total Debt	182.52M	215.18M	175.80M	80.46M	115.53M	127.72M
Total Liabilities	5.05B	5.01B	4.32B	4.51B	4.59B	3.96B
Stockholders Equity	622.22M	549.04M	527.98M	475.29M	582.58M	596.99M
Cash Flow
Free Cash Flow	75.44M	54.26M	79.55M	77.36M	51.23M	73.52M
Operating Cash Flow	76.48M	60.37M	86.09M	78.79M	55.07M	77.42M
Investing Cash Flow	-178.15M	-66.12M	-22.10M	-433.69M	-312.16M	-16.25M
Financing Cash Flow	111.80M	22.52M	-209.75M	-110.61M	287.65M	468.87M

First Financial Indiana Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 58.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 58.37 is above the 20-day moving average (MA) of 56.27, above the 50-day MA of 55.42, and above the 200-day MA of 52.49, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 60.21 is Neutral, neither overbought nor oversold. The STOCH value of 82.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for THFF.

First Financial Indiana Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORRF	78 Outperform	$699.81M	9.50	13.43%	2.96%	47.65%	101.00%
NBBK	78 Outperform	$843.25M	12.81	7.84%	0.71%	14.04%	337.54%
FSBC	77 Outperform	$752.13M	13.07	13.95%	2.32%	22.24%	18.63%
CAC	72 Outperform	$686.03M	11.55	9.49%	4.14%	24.08%	9.83%
THFF	71 Outperform	$698.95M	9.44	12.46%	3.46%	16.57%	69.64%
MPB	70 Outperform	$666.31M	11.80	7.31%	2.81%	12.09%	-15.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

First Financial Indiana Corporate Events

First Financial Indiana Announces Merger with CedarStone

On November 6, 2025, First Financial Corporation and CedarStone Financial, Inc. announced a merger agreement where CedarStone will merge into First Financial for $19.12 per share, valuing the transaction at approximately $25 million. The merger aims to expand First Financial’s presence in the Nashville market and is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals.

The most recent analyst rating on (THFF) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.

First Financial Corporation Reports Strong Q3 2025 Results

First Financial Corporation, based in Terre Haute, Indiana, operates as a holding company for First Financial Bank N.A., one of the oldest national banks in the United States, with 79 banking centers across several states. The company recently reported its third-quarter results for 2025, showcasing a significant increase in net income to $20.8 million, up from $8.7 million in the same period of 2024. This growth was reflected in the diluted net income per common share, which rose to $1.75 from $0.74. The return on average assets improved to 1.48%, and the provision for credit losses decreased significantly to $2.0 million, indicating improved credit quality. The bank also reported a record net interest income of $54.6 million, driven by continued loan growth over eight consecutive quarters. However, the average total deposits saw a slight decline, reflecting a challenging deposit environment. Looking forward, First Financial Corporation remains optimistic about further margin expansion due to its liability-sensitive positioning and maintains a solid capital position to navigate the current market conditions.

First Financial Indiana Announces Quarterly Dividend

On September 18, 2025, First Financial Corporation announced a quarterly dividend of $0.51 per share, payable on October 15, 2025, to shareholders recorded by October 1, 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders, potentially strengthening its market position and investor confidence.

The most recent analyst rating on (THFF) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on First Financial Indiana stock, see the THFF Stock Forecast page.