Revenue: As of FY2026 Q1, the actual value is USD 68.15 M.

EPS: As of FY2026 Q1, the actual value is USD 1.67, beating the estimate of USD 1.635.

EBIT: As of FY2026 Q1, the actual value is USD -32.21 M.

Net Income

Net income for First Financial Corporation (印第安那第一金融) was $19.8 million for the first quarter of 2026, an increase compared to $18.4 million reported for the same period of 2025 .

Pre-tax, Pre-provision Net Income

Pre-tax, pre-provision net income was $27.3 million for the first quarter of 2026, compared to $25.7 million for the same period in 2025 .

Provision for Credit Losses

The provision for credit losses was $2.6 million for the first quarter of 2026, compared to $2.0 million for the first quarter of 2025 .

Acquisition Details

On March 1, 2026, First Financial Corporation (印第安那第一金融) completed the acquisition of CedarStone Financial, Inc., which resulted in $292 million in acquired loans and $313 million in acquired deposits . A bargain purchase gain of $716 thousand was recorded .

Average Total Loans

Average total loans for the first quarter of 2026 were $4.16 billion, representing an 8.29% increase from $3.84 billion in the comparable period of 2025 . On a linked quarter basis, average loans increased by $186 million, or 4.69%, from $3.97 billion as of December 31, 2025 .

Total Loans Outstanding

Total loans outstanding as of March 31, 2026, were $4.42 billion, marking a 14.79% increase from $3.85 billion as of March 31, 2025 . From December 31, 2025, total loans increased by $368.6 million, or 9.09%, from $4.06 billion . Organic growth, amounting to $77 million, was primarily driven by increases in Commercial Construction and Development, Commercial Real Estate, and Consumer Auto loans .

Average Total Deposits

Average total deposits for the quarter ended March 31, 2026, were $4.66 billion, a 0.28% increase from $4.65 billion as of March 31, 2025 . On a linked quarter basis, average deposits increased by $23 million, or 0.49%, from $4.64 billion as of December 31, 2025 .

Total Deposits

Total deposits were $4.84 billion as of March 31, 2026, compared to $4.64 billion as of March 31, 2025 . On a linked quarter basis, total deposits increased by $291.3 million, or 6.40%, from $4.55 billion as of December 31, 2025 . Non-interest bearing deposits were $1.1 billion, and time deposits were $812.2 million as of December 31, 2025, compared to $856.1 million and $726 million, respectively, for the same period of 2025 .

Shareholders’ Equity

Shareholders’ equity at March 31, 2026, was $655.3 million, up from $571.9 million on March 31, 2025 . The Corporation has not repurchased any shares of its common stock during the last twelve months, with 518,860 shares remaining available for repurchase . A quarterly dividend of $0.56 per share was paid in January and declared for payment on April 15, 2026 .

Book Value Per Share

Book Value per share was $55.10 as of March 31, 2026, an increase of $6.84 per share, or 14.17%, compared to $48.26 as of March 31, 2025 .

Tangible Book Value Per Share

Tangible Book Value per share was $45.13 as of March 31, 2026, an increase of $7.00 per share, or 18.36%, compared to $38.13 as of March 31, 2025 .

Tangible Common Equity to Tangible Asset Ratio

The Corporation’s tangible common equity to tangible asset ratio was 8.93% at March 31, 2026, compared to 8.32% at March 31, 2025 .

Net Interest Income

Net interest income for the first quarter of 2026 was a record $56.9 million, an increase of $5.0 million, or 9.5%, compared to $52.0 million for the same period of 2025 . Interest income increased by $4.9 million, while interest expense decreased by $44 thousand year over year .

Net Interest Margin

The net interest margin for the quarter ended March 31, 2026, was 4.23%, up from 4.11% reported at March 31, 2025 .

Nonperforming Loans

Nonperforming loans as of March 31, 2026, were $28.5 million, compared to $10.2 million as of March 31, 2025 . The ratio of nonperforming loans to total loans and leases was 0.64% as of March 31, 2026, versus 0.26% as of March 31, 2025 . On a linked quarter basis, nonperforming loans were $28.6 million, and the ratio was 0.70% as of December 31, 2025 .

Net Charge-Offs

Net charge-offs in the first quarter of 2026 were $1.5 million, compared to $1.8 million in the same period of 2025 .

Allowance for Credit Losses

The Corporation’s allowance for credit losses as of March 31, 2026, was $52.3 million, compared to $46.8 million as of March 31, 2025 . The allowance for credit losses as a percentage of total loans was 1.18% as of March 31, 2026, compared to 1.22% as of March 31, 2025 . On a linked quarter basis, the allowance for credit losses as a percentage of total loans remained stable compared to December 31, 2025 .

Non-Interest Income

Non-interest income for the three months ended March 31, 2026, was $11.2 million, up from $10.5 million in 2025 .

Non-Interest Expense

Non-interest expense for the three months ended March 31, 2026, was $40.9 million, compared to $36.8 million in 2025 .

Efficiency Ratio

The Corporation’s efficiency ratio was 58.72% for the quarter ending March 31, 2026, compared to 57.54% for the same period in 2025 .

Income Taxes

Income tax expense for the three months ended March 31, 2026, was $4.9 million, versus $5.4 million for the same period in 2025 . The effective tax rate for 2026 was 19.89%, compared to 22.59% for 2025 .

Total Assets and Liabilities

Total assets were $6,128,589 thousand as of March 31, 2026, compared to $5,549,094 thousand as of March 31, 2025 . Total liabilities were $5,473,301 thousand as of March 31, 2026, compared to $4,977,149 thousand as of March 31, 2025 .

Comprehensive Income (Loss)

Comprehensive income (loss) for the three months ended March 31, 2026, was $11,209 thousand, compared to $29,509 thousand for the same period in 2025 . This includes a change in unrealized gains/losses on securities, net of reclassifications and taxes, of - $8,674 thousand in 2026 versus $11,100 thousand in 2025 .

Operational Ratios (Q1 2026 vs Q1 2025)

• Return on average assets: 1.35% vs 1.34% .
• Return on average common shareholder’s equity: 11.93% vs 13.04% .
• Net charge-offs to average loans and leases: 0.15% vs 0.19% .
• Credit loss reserve to loans and leases: 1.18% vs 1.22% .
• Credit loss reserve to nonperforming loans: 183.89% vs 460.57% .
• Nonperforming loans to loans and leases: 0.64% vs 0.26% .
• Tier 1 leverage: 11.03% vs 10.63% .
• Risk-based capital - Tier 1: 12.50% vs 12.70% .

Outlook / Guidance

The report does not contain explicit forward-looking statements or financial guidance regarding future performance .