First Financial Corporation (THFF) Stock

First Financial Corporation (THFF) is a Financials stock trading at $79.05 (as of 2026-08-21), with a market capitalization of $939.99M and a trailing P/E of 11.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Financial Corporation and its subsidiaries provide financial services, including deposit products (demand, savings, time, and other deposits) and a range of lending such as commercial, residential real estate, home equity, and other secured and unsecured loans, along with lease financing and trust and insurance-related services. The company operates 78 branches across west-central Indiana, east-central Illinois, western Kentucky, and middle and western Tennessee.

Understand First Financial Corporation: how it makes money

First Financial Corporation provides banking and related services, taking deposits and making commercial and consumer loans, and it also earns fees from trust, depositor, and insurance services.

Like most banks, its earnings are mainly driven by the spread between funding it gathers from deposits and the returns it earns on its loan portfolio, with additional contribution from fee businesses such as trust and insurance services.

Business quality (Solid): Key operating indicators available for investors focus on loan balances and trust assets, which fits a deposit and lending profit model, but there is no segment revenue breakdown provided here.

Valuation: At 11× earnings, THFF trades 10% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Growing fee-related balance sheet scale: Trust and Assets Under Management is $1.9B, which supports a recurring, fee-oriented component alongside lending.
  • Commercial lending is a major activity: Commercial Loans are $2.73B, indicating a substantial engine for interest income from lending.

Bear case

  • Credit risk tied to loan growth and mix: The company makes commercial loans plus residential and home equity lending, so downturns in borrower credit or real estate conditions can pressure performance.
  • Residential exposure may add cyclicality: Residential and residential-related categories are present in the loan mix, including Residential Loans and Mortgage Loan Portfolio, which can increase sensitivity to housing and mortgage conditions.
Valuation — source: SEC EDGAR (first-party)
Price$79.05
Market Cap$939.99M
P/E Ratio11.7
EV / EBITDA9.4
Price / Book1.43
Price / Sales3.03
FCF Yield9.3%
DCF Value (model)$114.31
DCF Upside vs Price44.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$305.59M
Net Margin25.9%
Revenue Growth (YoY)6.7%
EPS Growth (YoY)7.7%
FCF Growth (YoY)7.0%
Valuation vs Sector & Industry
Stock P/E11.7
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
vs Sector-22.8%
vs Industry-10.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($94.71M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEONorman D. Lowery
Employees937
CountryUS
IPO Date1992-03-03

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

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  • CNB Financial Corporation (CCNE)
  • TrustCo Bank Corp NY (TRST)
  • Central Pacific Financial Corp. (CPF)
  • Southside Bancshares, Inc. (SBSI)
  • Mid Penn Bancorp, Inc. (MPB)
  • First Community Bankshares, Inc. (FCBC)
  • Farmers National Banc Corp. (FMNB)
THFF earnings history · THFF institutional & insider holders · THFF KPIs & operating metrics · THFF financials · THFF investor presentations & press releases · THFF SEC filings · THFF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.