<div><div></div><div>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 <ul><li>Net Interest Income: $219.9 million — primary source of earnings; net interest margin improved to 4.29% in 2025.</li><li>Net Income: $79.2 million, increased from $47.3 million in 2024.</li><li>Basic and Diluted Earnings per Share: $6.68 per share, compared with $4.00 in 2024.</li><li>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).</li><li>Non-Interest Expense: $154.9 million, increased due to the full-year impact of the 2024 acquisition.</li></ul> Business Highlights <ul><li>Revenue Growth &amp; Drivers: Net income growth was driven primarily by organic growth and higher net interest income as earning asset yields rose and funding costs declined.</li><li>Channel &amp; Yield Shift: Expansion of net interest margin to 4.29% reflected repricing and portfolio shifts across earning assets and funding sources.</li><li>Operational Integration: The full-year impact of the 2024 SimplyBank acquisition increased recurring operating expenses while supporting business growth and integration efforts.</li><li>Credit &amp; Risk Management: ACL maintained at an adequate level using CECL cohort methodology; nonperforming loans increased, prompting continued portfolio monitoring.</li><li>Liquidity &amp; Funding: Loan balances grew while deposits declined and borrowings increased to support loan growth and liquidity needs; the company maintained diversified funding sources.</li></ul>Original SEC Filing: FIRST FINANCIAL CORP /IN/ [ THFF ] - 10-K - Mar. 04, 2026<section>Disclaimer<div>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.</div></section></div></div>

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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.

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