(THFF) First Financial Indiana - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 776m USD | Total Return: 39.4% in 12m
Avg Turnover: 4.87M
EPS Trend: 41.8%
Qual. Beats: 0
Rev. Trend: 93.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
First Financial Corporation (THFF) is a multi-state financial services holding company headquartered in Terre Haute, Indiana. Founded in 1834, the institution operates a traditional regional banking model, providing deposit products, commercial lending, and residential real estate financing across Indiana, Illinois, Kentucky, Tennessee, and Georgia. Its service portfolio extends beyond standard banking to include lease financing, trust management, and insurance services.
As a regional bank, THFF relies on the net interest margin-the difference between interest earned on loans and interest paid on deposits-as a primary revenue driver. Regional banks often maintain a higher concentration of commercial real estate and small business loans compared to national money-center banks, making them sensitive to local economic conditions and interest rate cycles. You can further evaluate these valuation metrics and historical performance trends on ValueRay.
- Net interest margin sensitivity to Federal Reserve monetary policy shifts
- Commercial loan demand fluctuations within regional Midwest and Southeast markets
- Asset quality performance across residential real estate and construction portfolios
- Non-interest income growth from trust services and insurance fee revenue
- Operational efficiency ratios impacted by multi-state branch network expansion costs
| Net Income: 80.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.33 > 1.0 |
| NWC/Revenue: -1.47k% < 20% (prev -1.08k%; Δ -389.8% < -1%) |
| CFO/TA 0.02 > 3% & CFO 92.0m > Net Income 80.6m |
| Net Debt (467.9m) to EBITDA (98.2m): 4.77 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.9m) vs 12m ago 0.36% < -2% |
| Gross Margin: 77.91% > 18% (prev 0.67%; Δ 7.72k% > 0.5%) |
| Asset Turnover: 5.50% > 50% (prev 5.81%; Δ -0.31% > 0%) |
| Interest Coverage Ratio: 1.18 > 6 (EBITDA TTM 98.2m / Interest Expense TTM 75.8m) |
| A: -0.77 (Total Current Assets 124.8m - Total Current Liabilities 4.84b) / Total Assets 6.13b |
| B: 0.12 (Retained Earnings 754.9m / Total Assets 6.13b) |
| C: 0.02 (EBIT TTM 89.1m / Avg Total Assets 5.84b) |
| D: 0.12 (Book Value of Equity 661.7m / Total Liabilities 5.47b) |
| Altman-Z'' = -4.42 = D |
| DSRI: 1.10 (Receivables 27.9m/25.6m, Revenue 320.8m/322.2m) |
| GMI: 0.86 (GM 77.91% / 66.90%) |
| AQI: 1.28 (AQ_t 0.97 / AQ_t-1 0.75) |
| SGI: 1.00 (Revenue 320.8m / 322.2m) |
| TATA: -0.00 (NI 80.6m - CFO 92.0m) / TA 6.13b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 69.33 with a total of 107,261 shares traded.
Over the past week, the price has changed by +5.12%,
over one month by +4.56%,
over three months by +7.73% and
over the past year by +39.39%.
First Financial Indiana has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy THFF.
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 73 | 5.3% |
P/E Forward = 8.9445
P/S = 2.9989
P/B = 1.2313
P/EG = 9.5078
Revenue TTM = 320.8m USD
EBIT TTM = 89.1m USD
EBITDA TTM = 98.2m USD
Long Term Debt = 188.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 349.8m USD (from shortTermDebt, last quarter)
Debt = 564.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.22m
Net Debt = 467.9m USD (calculated: Debt 564.8m - CCE 96.9m)
Enterprise Value = 1.24b USD (775.8m + Debt 564.8m - CCE 96.9m)
Interest Coverage Ratio = 1.18 (Ebit TTM 89.1m / Interest Expense TTM 75.8m)
EV/FCF = 13.79x (Enterprise Value 1.24b / FCF TTM 90.2m)
FCF Yield = 7.25% (FCF TTM 90.2m / Enterprise Value 1.24b)
FCF Margin = 28.11% (FCF TTM 90.2m / Revenue TTM 320.8m)
Net Margin = 25.12% (Net Income TTM 80.6m / Revenue TTM 320.8m)
Gross Margin = 77.91% ((Revenue TTM 320.8m - Cost of Revenue TTM 70.9m) / Revenue TTM)
Gross Margin QoQ = 73.04% (prev none%)
Tobins Q-Ratio = 0.20 (Enterprise Value 1.24b / Total Assets 6.13b)
Interest Expense / Debt = 13.41% (Interest Expense 75.8m / Debt 564.8m)
Taxrate = 19.89% (4.92m / 24.7m)
NOPAT = 71.4m (EBIT 89.1m * (1 - 19.89%))
Current Ratio = 0.01 (Total Current Assets 124.8m / Total Current Liabilities 9.21b)
Debt / Equity = 0.86 (Debt 564.8m / totalStockholderEquity, last quarter 655.3m)
Debt / EBITDA = 4.77 (Net Debt 467.9m / EBITDA 98.2m)
Debt / FCF = 5.19 (Net Debt 467.9m / FCF TTM 90.2m)
Total Stockholder Equity = 629.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.38% (Net Income 80.6m / Total Assets 6.13b)
RoE = 12.81% (Net Income TTM 80.6m / Total Stockholder Equity 629.0m)
RoCE = 10.90% (EBIT 89.1m / Capital Employed (Equity 629.0m + L.T.Debt 188.2m))
RoIC = 1.17% (NOPAT 71.4m / Invested Capital 6.11b)
WACC = 9.76% (E(775.8m)/V(1.34b) * Re(9.04%) + D(564.8m)/V(1.34b) * Rd(13.41%) * (1-Tc(0.20)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.67 | Cagr: -0.19%
[DCF] Terminal Value 73.55% ; FCFF base≈79.6m ; Y1≈91.2m ; Y5≈134.2m
[DCF] Fair Price = 96.68 (EV 1.62b - Net Debt 467.9m = Equity 1.15b / Shares 11.9m; r=9.76% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 41.79 | EPS CAGR: 9.42% | SUE: 0.32 | # QB: 0
Revenue Correlation: 93.92 | Revenue CAGR: 11.15% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.80 | Chg30d=+4.34% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.90 | Chg30d=+1.34% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=7.33 | Chg30d=+2.23% | Revisions=+33% | GrowthEPS=+9.8% | GrowthRev=+9.0%
EPS next Year (2027-12-31): EPS=7.58 | Chg30d=+1.54% | Revisions=+33% | GrowthEPS=+3.3% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +33%