THFF Stock Analysis: First Financial Indiana | NASDAQ

Deposit Accounts, Commercial Loans, Mortgage Lending, Wealth Management

Total Rating 51

Safety 39

Buy Signal 0.40

Banks - Regional
Industry Rotation: +1.3

Market Cap: 911M
Avg Turnover: 11.5M

Risk 3d forecast

Volatility24.8%

VaR 5^th Pctl3.92%

VaR vs Median-4.08%

Reward TTM

Sharpe Ratio1.38

Rel. Str. IBD75.7

Rel. Str. Peer Group65.8 pctl

Character TTM

Beta0.538

Beta Downside0.320

Hurst Exponent0.506

Choppyness59.5%

Drawdowns 3y

Max DD20.25%

CAGR/Max DD1.63

CAGR/Mean DD5.25

EPS (Earnings per Share)

EPS CAGR: 24.97%
EPS Trend: 82.3%

Last SUE: 1.34
Qual. Beats: 2

Revenue

Rev. CAGR: 8.83%
Rev. Trend: 89.3%

Last SUE: 0.86
Qual. Beats: 1

Warnings

Below Avwap Earnings

Tailwinds

Seasonal Tailwind

Confidence

Seasonality 11.9 years of data, until 10/2026

Jan -2.3% 0

Feb -1.4% 0

Mar -4.1% 4

Apr -1.8% 4

May +0.8% 14

Jun +4.1% 47

Jul +0.5% 4

Aug -0.5% 4

Sep -2.5% 28

Oct +0.4% 4

Nov ★ +5.0% 64

Dec -0.6% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.

Description: THFF First Financial Indiana

First Financial Corporation (THFF) is a bank holding company headquartered in Terre Haute, Indiana, operating through its subsidiary First Financial Bank N.A. Founded in 1834 and formerly known as Terre Haute First Corporation until its 1984 renaming, the company provides a full range of retail and commercial banking services across a multi-state footprint spanning west-central Indiana, east-central Illinois, western Kentucky, central and eastern Tennessee, and northern Georgia.

The companys core business is a traditional community banking model, generating revenue through deposit gathering and lending activities. Its deposit offerings include non-interest-bearing and interest-bearing demand accounts, savings, time deposits, and certificates of deposit, supported by digital banking channels. On the lending side, the company originates commercial loans, residential and construction real estate mortgages, home equity loans and lines, personal and auto loans, and credit cards. As a U.S. regional bank, First Financial operates under the bank holding company structure, a common regulatory framework that allows parent companies to own and control subsidiary banks while facilitating capital management and oversight.

Beyond core banking, First Financial provides complementary fee-based services including lease financing, trust and depositor services, business services such as merchant processing and fraud protection, and wealth management offerings. Listed on NASDAQ since 1992, the company falls within the small-cap segment of the regional banking industry, which traditionally emphasizes relationship-based lending and local market deposits rather than the capital markets activities of larger money-center banks.

Headlines to Watch Out For

Net interest margin expands as Fed holds rates steady
Commercial loan growth boosts interest income
Mortgage banking revenue pressured by elevated rates

Piotroski VR-10 (Strict) 3.0

Net Income: 91.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.41 > 1.0
NWC/Revenue: -1.12k% < 20% (prev -1.16k%; Δ 40.05% < -1%)
CFO/TA 0.02 > 3% & CFO 106.5m > Net Income 91.4m
Net Debt (-725.8m) to EBITDA (115.2m): -6.30 < 3
Current Ratio: 0.24 > 1.5 & < 3
Outstanding Shares: last quarter (11.9m) vs 12m ago 0.37% < -2%
Gross Margin: 79.41% > 18% (prev 71.93%; Δ 7.48% > 0.5%)
Asset Turnover: 5.83% > 50% (prev 6.01%; Δ -0.19% > 0%)
Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 103.1m / Interest Expense TTM 78.6m)

Altman Z'' -3.49

A: -0.63 (Total Current Assets 1.23b - Total Current Liabilities 5.07b) / Total Assets 6.06b
B: 0.13 (Retained Earnings 791.8m / Total Assets 6.06b)
C: 0.02 (EBIT TTM 103.1m / Avg Total Assets 5.87b)
D: 0.12 (Book Value of Equity 660.4m / Total Liabilities 5.40b)
Altman-Z'' = -3.49 = D

Beneish M -3.08

DSRI: 1.08 (Receivables 28.8m/26.5m, Revenue 341.7m/341.0m)
GMI: 0.91 (GM 71.93% / 79.41%)
AQI: 0.93 (AQ_t 0.78 / AQ_t-1 0.84)
SGI: 1.00 (Revenue 341.7m / 341.0m)
TATA: -0.00 (NI 91.4m - CFO 106.5m) / TA 6.06b)
Beneish M = -3.08 (Cap -4..+1) = AA

What is the price of THFF shares?

As of November 11, 2026, the stock is trading at USD 77.21 with a total of 108,110 shares traded. Over the past week, the price has changed by -0.58%, over one month by +4.86%, over three months by -3.87% and over the past year by +40.16%.

Current recommended Stop Loss: 73.40 (which is 4.9% or 2 ATR below the current price).

Is THFF a buy, sell or hold?

First Financial Indiana has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold THFF.

StrongBuy: 1
Buy: 0
Hold: 3
Sell: 0
StrongSell: 0

What are the forecasts/targets for the THFF price?

Analysts Target Price	85.3	10.5%

First Financial Indiana (THFF) - Fundamental Data Overview as of 07 November 2026

Market Cap USD = 910.8m (910.8m USD * 1.0 USD.USD)
P/E Trailing = 9.9468
P/E Forward = 8.9445
P/S = 3.2512
P/B = 1.3964
P/EG = 9.5078
Revenue TTM = 341.7m USD
EBIT TTM = 103.1m USD
EBITDA TTM = 115.2m USD
Long Term Debt = 262.3m USD (from longTermDebt, last quarter)
Short Term Debt = 203.5m USD (from shortTermDebt, last quarter)
Debt = 472.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.22m
Net Debt = -725.8m USD (calculated: Debt 472.0m - CCE 1.20b)
Enterprise Value = 185.0m USD (910.8m + Debt 472.0m - CCE 1.20b)
Interest Coverage Ratio = 1.31 (Ebit TTM 103.1m / Interest Expense TTM 78.6m)
EV/FCF = 1.76x (Enterprise Value 185.0m / FCF TTM 105.3m)
FCF Yield = 56.90% (FCF TTM 105.3m / Enterprise Value 185.0m)
FCF Margin = 30.81% (FCF TTM 105.3m / Revenue TTM 341.7m)
Net Margin = 26.76% (Net Income TTM 91.4m / Revenue TTM 341.7m)
Gross Margin = 79.41% ((Revenue TTM 341.7m - Cost of Revenue TTM 70.4m) / Revenue TTM)
Gross Margin QoQ = 76.97% (prev 74.39%)
Tobins Q-Ratio = 0.03 (Enterprise Value 185.0m / Total Assets 6.06b)
Interest Expense / Debt = 16.65% (Interest Expense 78.6m / Debt 472.0m)
Taxrate = 19.92% (22.7m / 114.2m)
NOPAT = 82.5m (EBIT 103.1m * (1 - 19.92%))
Current Ratio = 0.24 (Total Current Assets 1.23b / Total Current Liabilities 5.07b)
Debt / Equity = 0.71 (Debt 472.0m / totalStockholderEquity, last quarter 660.4m)
Debt / EBITDA = -6.30 (Net Debt -725.8m / EBITDA 115.2m)
Debt / FCF = -6.89 (Net Debt -725.8m / FCF TTM 105.3m)
Total Stockholder Equity = 660.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 91.4m / Total Assets 6.06b)
RoE = 13.84% (Net Income TTM 91.4m / Total Stockholder Equity 660.6m)
RoCE = 11.17% (EBIT 103.1m / Capital Employed (Equity 660.6m + L.T.Debt 262.3m))
RoIC = 7.00% (NOPAT 82.5m / Invested Capital 1.18b)
WACC = 9.46% (E(910.8m)/V(1.38b) * Re(7.45%) + D(472.0m)/V(1.38b) * Rd(16.65%) * (1-Tc(0.20)))
Discount Rate = 7.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.79 | Cagr: 0.29%
[DCF] Terminal Value 74.46% ; FCFF base≈93.4m ; Y1≈107.0m ; Y5≈157.5m
[DCF] Fair Price = 227.7 (EV 1.98b - Net Debt -725.8m = Equity 2.71b / Shares 11.9m; r=9.46% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 82.25 | EPS CAGR: 24.97% | SUE: 1.34 | # QB: 2
Revenue Correlation: 89.34 | Revenue CAGR: 8.83% | SUE: 0.86 | # QB: 1
EPS current Quarter (2027-03-31): EPS=1.98 | Chg30d=+3.49% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=8.02 | Chg30d=+2.84% | Revisions=+25% | GrowthEPS=+20.0% | GrowthRev=+10.7%
EPS next Year (2027-12-31): EPS=8.31 | Chg30d=+1.16% | Revisions=+50% | GrowthEPS=+3.7% | GrowthRev=+16.2%
[Analyst] Revisions Ratio: +67% (up=6, down=0)