First Financial Indiana (THFF) AI Stock Analysis

• Market Cap: $636.50M
• Dividend Yield: 3.68%
• Average Volume (3M): 67.71K
• Price to Earnings (P/E): 8.6
• Beta (1Y): 1.00
• 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: 78,669
• 30 Day Avg. Volume: 67,707
• 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: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $61.00 ▲(11.21% 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.

First Financial Indiana Business Overview & Revenue Model

Company Description

First Financial Indiana (THFF) is a diversified financial services holding company headquartered in Indiana, primarily engaged in the banking and financial services sector. The company operates through its banking subsidiary, First Financial Bank, offering a range of products including personal and commercial banking, mortgages, and investment services. THFF also provides wealth management and insurance services, catering to both individual and business clients across its regional footprint.

How the Company Makes Money

First Financial Indiana generates revenue primarily through interest income from loans and fees associated with banking services. The company earns interest by lending to consumers and businesses, with a significant portion of its earnings derived from mortgage loans, commercial loans, and consumer loans. Additionally, THFF collects various fees for account maintenance, transaction services, and other banking products. Revenue is also supplemented through investment services and wealth management offerings, which include advisory fees and commissions. Furthermore, strategic partnerships with insurance providers and investment firms enhance its revenue streams by allowing THFF to offer comprehensive financial solutions to its clients.

First Financial Indiana Financial Statement Overview

Summary

First Financial Indiana demonstrates a strong financial position with consistent revenue growth and solid profitability margins. The balance sheet reflects a manageable level of debt, although leverage has increased. Cash flow generation is healthy, but there is room for improvement in operational cash conversion. Overall, the company is on a stable growth path with some areas to monitor closely.

Income Statement

First Financial Indiana shows a solid revenue growth rate of 4.31% in the TTM period, indicating a positive trajectory. The gross profit margin remains strong at 68.56%, and the net profit margin has improved to 18.44%. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting some pressure on operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.46, reflecting higher leverage, but it remains manageable. Return on equity is stable at 10.90%, indicating effective use of equity. The equity ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Free cash flow growth is positive at 4.98%, and the free cash flow to net income ratio is robust at 91.08%, indicating good cash generation relative to earnings. However, the operating cash flow to net income ratio is lower, suggesting potential challenges in converting income to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	308.94M	307.51M	271.10M	230.02M	194.28M	202.96M
Gross Profit	59.81M	201.59M	202.67M	213.78M	183.02M	178.29M
EBITDA	117.74M	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: 54.85
• 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 54.85 is above the 20-day moving average (MA) of 54.20, below the 50-day MA of 55.76, and above the 200-day MA of 51.91, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.30 is Neutral, neither overbought nor oversold. The STOCH value of 85.76 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	$663.87M	9.01	13.43%	3.14%	47.65%	101.00%
FSBC	78 Outperform	$733.35M	12.74	13.95%	2.32%	22.24%	18.63%
NBBK	74 Outperform	$666.95M	11.78	7.84%	0.76%	14.04%	337.54%
CAC	72 Outperform	$652.45M	10.99	9.49%	4.33%	24.08%	9.83%
THFF	71 Outperform	$636.50M	8.60	12.46%	3.68%	16.57%	69.64%
MPB	70 Outperform	$666.31M	11.80	7.31%	2.77%	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.