---
title: "First Financial 2025 10-K: Net Income $79.2M, EPS $6.68"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277826709.md"
description: "First Financial reported a net income of $79.2 million for 2025, up from $47.3 million in 2024, with earnings per share rising to $6.68 from $4.00. The growth was driven by higher net interest income, which reached $219.9 million, and an expanded net interest margin of 4.29%. The provision for credit losses decreased to $8.2 million, while non-interest expenses rose to $154.9 million due to the acquisition of SimplyBank. The company maintained adequate credit risk management and diversified funding sources despite a decline in deposits."
datetime: "2026-03-04T19:55:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277826709.md)
  - [en](https://longbridge.com/en/news/277826709.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277826709.md)
---

# First Financial 2025 10-K: Net Income $79.2M, EPS $6.68

First Financial reported net income of $79.2 million for 2025, up from $47.3 million in 2024, driven primarily by higher net interest income and organic growth. Earnings per share rose to $6.68 from $4.00 a year earlier, reflecting improved margins and the full-year impact of strategic initiatives. Net interest income remained the primary earnings driver as net interest margin expanded to 4.29%.

**Financial Highlights**

-   **Net Interest Income**: $219.9 million — primary source of earnings; net interest margin improved to 4.29% in 2025.
-   **Net Income**: $79.2 million, increased from $47.3 million in 2024.
-   **Basic and Diluted Earnings per Share**: $6.68 per share, compared with $4.00 in 2024.
-   **Provision for credit losses**: $8.2 million, down $8.0 million (49%) from 2024; allowance for credit losses (ACL) at $48.0 million (includes $2.9 million for unfunded commitments).
-   **Non-Interest Expense**: $154.9 million, increased due to the full-year impact of the 2024 acquisition.

**Business Highlights**

-   **Revenue Growth & Drivers**: Net income growth was driven primarily by organic growth and higher net interest income as earning asset yields rose and funding costs declined.
-   **Channel & Yield Shift**: Expansion of net interest margin to 4.29% reflected repricing and portfolio shifts across earning assets and funding sources.
-   **Operational Integration**: The full-year impact of the 2024 SimplyBank acquisition increased recurring operating expenses while supporting business growth and integration efforts.
-   **Credit & Risk Management**: ACL maintained at an adequate level using CECL cohort methodology; nonperforming loans increased, prompting continued portfolio monitoring.
-   **Liquidity & Funding**: Loan balances grew while deposits declined and borrowings increased to support loan growth and liquidity needs; the company maintained diversified funding sources.

Original SEC Filing: FIRST FINANCIAL CORP /IN/ \[ THFF \] - 10-K - Mar. 04, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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