(THFF) First Financial Indiana - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3202181000

Deposits, Loans, Leasing, Trust, Insurance

Regional Banks
Market Cap in USD: 720m
IPO / Inception: 1992-03-03
12m vs SPY: 19.6%

EPS (Earnings per Share)

EPS (Earnings per Share) of THFF over the last years for every Quarter: "2020-12": 1.15, "2021-03": 0.95, "2021-06": 1.24, "2021-09": 1.24, "2021-12": 0.58, "2022-03": 1.67, "2022-06": 1.27, "2022-09": 1.5, "2022-12": 1.37, "2023-03": 1.33, "2023-06": 1.33, "2023-09": 1.37, "2023-12": 1.06, "2024-03": 0.93, "2024-06": 0.96, "2024-09": 0.74, "2024-12": 1.37, "2025-03": 1.55, "2025-06": 1.57, "2025-09": 1.75,
EPS CAGR: 34.24%
EPS Trend: 22.6%
Last SUE: 0.73
Qual. Beats: 0

Revenue

Revenue of THFF over the last years for every Quarter: 2020-12: 53.153, 2021-03: 46.65, 2021-06: 48.802, 2021-09: 49.236, 2021-12: 49.593, 2022-03: 53.391, 2022-06: 53.473, 2022-09: 60.386, 2022-12: 62.767, 2023-03: 64.075, 2023-06: 66.682, 2023-09: 70.35, 2023-12: 69.992, 2024-03: 68.834, 2024-06: 70.676, 2024-09: 82.918, 2024-12: 85.086, 2025-03: 83.543, 2025-06: 84.558, 2025-09: 87.793,
Rev. CAGR: 16.45%
Rev. Trend: 97.2%
Last SUE: 0.87
Qual. Beats: 1

Dividends

Dividend Yield 4.96%
Yield on Cost 5y 5.86%
Yield CAGR 5y 17.78%
Payout Consistency 95.2%
Payout Ratio 33.5%
Risk via 5d forecast
Volatility 30.2%
Value at Risk 5%th 42.8%
Relative Tail Risk -13.98%
Reward TTM
Sharpe Ratio 1.22
Alpha 29.92
CAGR/Max DD 0.52
Character TTM
Hurst Exponent 0.602
Beta 0.741
Beta Downside 0.838
Drawdowns 3y
Max DD 30.16%
Mean DD 10.63%
Median DD 8.61%

Description: THFF First Financial Indiana December 26, 2025

First Financial Corporation (NASDAQ: THFF) operates a network of community banks across west-central Indiana, east-central Illinois, western Kentucky, central and eastern Tennessee, and northern Georgia, offering a full suite of deposit products (non-interest-bearing demand, interest-bearing demand, savings, and time deposits) and a range of loan services including commercial, residential construction, home-equity, and secured/unsecured consumer loans.

As of the most recent quarterly filing (Q3 2024), the bank reported a loan-to-deposit ratio of roughly 78 %, a net interest margin (NIM) of 3.2 %-slightly above the regional-bank average of ~2.9 %-and a return on equity (ROE) of 9.1 %, indicating modest profitability but still below the 10-12 % range typical for high-performing community banks.

Key economic drivers for THFF include the prevailing Federal Reserve policy cycle (higher policy rates have boosted NIM but also pressure deposit growth), regional housing market dynamics (particularly in Indiana and Tennessee, where new-home starts have risen ~4 % YoY), and the competitive landscape of regional banks that are increasingly leveraging digital banking platforms to retain younger depositors.

For a deeper, data-driven valuation, you may want to explore the detailed metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (74.0m TTM) > 0 and > 6% of Revenue (6% = 20.5m TTM)
FCFTA 0.01 (>2.0%) and ΔFCFTA 0.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 327.7% (prev -1172 %; Δ 1499 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.01 (>3.0%) and CFO 76.5m > Net Income 74.0m (YES >=105%, WARN >=100%)
Net Debt (95.1m) to EBITDA (104.8m) ratio: 0.91 <= 3.0 (WARN <= 3.5)
Current Ratio 7.12 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (11.8m) change vs 12m ago 0.34% (target <= -2.0% for YES)
Gross Margin 71.93% (prev 65.02%; Δ 6.91pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 6.11% (prev 5.33%; Δ 0.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.05 (EBITDA TTM 104.8m / Interest Expense TTM 87.9m) >= 6 (WARN >= 3)

Altman Z'' 1.95

(A) 0.20 = (Total Current Assets 1.30b - Total Current Liabilities 182.5m) / Total Assets 5.67b
(B) 0.13 = Retained Earnings (Balance) 727.0m / Total Assets 5.67b
(C) 0.02 = EBIT TTM 92.4m / Avg Total Assets 5.58b
(D) 0.12 = Book Value of Equity 630.4m / Total Liabilities 5.05b
Total Rating: 1.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.68

1. Piotroski 3.0pt
2. FCF Yield -20.33%
3. FCF Margin 22.13%
4. Debt/Equity 0.29
5. Debt/Ebitda 0.91
6. ROIC - WACC (= 1.86)%
7. RoE 12.70%
8. Rev. Trend 97.20%
9. EPS Trend 22.59%

What is the price of THFF shares?

As of January 16, 2026, the stock is trading at USD 61.91 with a total of 54,149 shares traded.
Over the past week, the price has changed by +0.89%, over one month by -1.87%, over three months by +18.88% and over the past year by +41.25%.

Is THFF a buy, sell or hold?

First Financial Indiana has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy THFF.
  • Strong Buy: 1
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the THFF price?

Issuer Target Up/Down from current
Wallstreet Target Price 62 0.1%
Analysts Target Price 62 0.1%
ValueRay Target Price 72.7 17.4%

THFF Fundamental Data Overview January 14, 2026

P/E Trailing = 9.7356
P/E Forward = 8.9445
P/S = 2.871
P/B = 1.1627
Revenue TTM = 341.0m USD
EBIT TTM = 92.4m USD
EBITDA TTM = 104.8m USD
Long Term Debt = 170.5m USD (from longTermDebt, last quarter)
Short Term Debt = 182.5m USD (from shortTermDebt, last quarter)
Debt = 182.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 95.1m USD (from netDebt column, last quarter)
Enterprise Value = -371.1m USD (719.9m + Debt 182.5m - CCE 1.27b)
Interest Coverage Ratio = 1.05 (Ebit TTM 92.4m / Interest Expense TTM 87.9m)
EV/FCF = -4.92x (Enterprise Value -371.1m / FCF TTM 75.4m)
FCF Yield = -20.33% (FCF TTM 75.4m / Enterprise Value -371.1m)
FCF Margin = 22.13% (FCF TTM 75.4m / Revenue TTM 341.0m)
Net Margin = 21.70% (Net Income TTM 74.0m / Revenue TTM 341.0m)
Gross Margin = 71.93% ((Revenue TTM 341.0m - Cost of Revenue TTM 95.7m) / Revenue TTM)
Gross Margin QoQ = 72.67% (prev 72.26%)
Tobins Q-Ratio = -0.07 (set to none) (Enterprise Value -371.1m / Total Assets 5.67b)
Interest Expense / Debt = 12.08% (Interest Expense 22.0m / Debt 182.5m)
Taxrate = 19.38% (4.99m / 25.8m)
NOPAT = 74.5m (EBIT 92.4m * (1 - 19.38%))
Current Ratio = 7.12 (Total Current Assets 1.30b / Total Current Liabilities 182.5m)
Debt / Equity = 0.29 (Debt 182.5m / totalStockholderEquity, last quarter 622.2m)
Debt / EBITDA = 0.91 (Net Debt 95.1m / EBITDA 104.8m)
Debt / FCF = 1.26 (Net Debt 95.1m / FCF TTM 75.4m)
Total Stockholder Equity = 582.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.33% (Net Income 74.0m / Total Assets 5.67b)
RoE = 12.70% (Net Income TTM 74.0m / Total Stockholder Equity 582.7m)
RoCE = 12.26% (EBIT 92.4m / Capital Employed (Equity 582.7m + L.T.Debt 170.5m))
RoIC = 10.73% (NOPAT 74.5m / Invested Capital 694.3m)
WACC = 8.87% (E(719.9m)/V(902.4m) * Re(8.65%) + D(182.5m)/V(902.4m) * Rd(12.08%) * (1-Tc(0.19)))
Discount Rate = 8.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.37%
[DCF Debug] Terminal Value 75.75% ; FCFF base≈68.5m ; Y1≈71.9m ; Y5≈84.0m
Fair Price DCF = 97.46 (EV 1.25b - Net Debt 95.1m = Equity 1.15b / Shares 11.9m; r=8.87% [WACC]; 5y FCF grow 5.45% → 2.90% )
EPS Correlation: 22.59 | EPS CAGR: 34.24% | SUE: 0.73 | # QB: 0
Revenue Correlation: 97.20 | Revenue CAGR: 16.45% | SUE: 0.87 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.60 | Chg30d=+0.130 | Revisions Net=+3 | Analysts=3
EPS next Year (2026-12-31): EPS=6.92 | Chg30d=+0.000 | Revisions Net=+3 | Growth EPS=+5.1% | Growth Revenue=+8.2%

Additional Sources for THFF Stock

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