THFF Stock Analysis: First Financial Indiana | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 916m USD | 12M Return: 39% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.45M
EPS Trend: 41.8%
Qual. Beats: 0
Rev. Trend: 93.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Financial Corporation (THFF) is a bank holding company headquartered in Terre Haute, Indiana, that operates through its wholly-owned subsidiary, First Financial Bank N.A. Founded in 1834, the company provides traditional commercial and consumer banking services across a five-state footprint spanning west-central Indiana, east-central Illinois, western Kentucky, central and eastern Tennessee, and northern Georgia.
Its offerings include a full suite of deposit products (demand, savings, and time deposits, plus CDs and digital banking), alongside lending products such as commercial loans, residential real estate mortgages, home equity lines, personal and auto loans, and credit cards. First Financial also provides complementary services including lease financing, trust and wealth management, and merchant/cash management services for businesses.
As a community-oriented regional bank operating under a national bank charter (N.A. designation), First Financial follows a traditional spread-driven business model, generating revenue through net interest income on its loan portfolio and fee income from deposit, treasury, and wealth services. The company trades on NASDAQ as a small-cap financial stock with a market capitalization of approximately $869 million.
- Net interest margin expands on stable funding costs
- Commercial loan demand grows across Midwest and Southeast footprint
- Deposit competition intensifies from higher-yielding money market alternatives
| Net Income: 80.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.34 > 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 (100.9m): 4.64 < 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 66.90%; Δ 11.01% > 0.5%) |
| Asset Turnover: 5.50% > 50% (prev 5.81%; Δ -0.31% > 0%) |
| Interest Coverage Ratio: 1.18 > 6 (EBIT TTM 89.1m / 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 655.3m / 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 66.90% / 77.91%) |
| 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 July 08, 2026, the stock is trading at USD 75.69 with a total of 91,185 shares traded. Over the past week, the price has changed by -1.75%, over one month by +6.36%, over three months by +18.46% and over the past year by +39.04%.
Current recommended Stop Loss: 73.30 (which is 3.2% or 1.2 ATR below the current price).
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 | -3.6% |
P/E Trailing = 11.3265
P/E Forward = 9.9305
P/S = 3.5404
P/B = 1.3977
P/EG = 9.5078
Revenue TTM = 320.8m USD
EBIT TTM = 89.1m USD
EBITDA TTM = 100.9m USD
Long Term Debt = 208.8m USD (from longTermDebt, last quarter)
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 = 1.38b USD (915.9m + Debt 564.8m - CCE 96.9m)
Interest Coverage Ratio = 1.18 (Ebit TTM 89.1m / Interest Expense TTM 75.8m)
EV/FCF = 15.26x (Enterprise Value 1.38b / FCF TTM 90.7m)
FCF Yield = 6.55% (FCF TTM 90.7m / Enterprise Value 1.38b)
FCF Margin = 28.25% (FCF TTM 90.7m / 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 = 0.23 (Enterprise Value 1.38b / Total Assets 6.13b)
Interest Expense / Debt = 13.41% (Interest Expense 75.8m / Debt 564.8m)
Taxrate = 19.64% (19.7m / 100.3m)
NOPAT = 71.6m (EBIT 89.1m * (1 - 19.64%))
Current Ratio = 0.03 (Total Current Assets 124.8m / Total Current Liabilities 4.84b)
Debt / Equity = 0.86 (Debt 564.8m / totalStockholderEquity, last quarter 655.3m)
Debt / EBITDA = 4.64 (Net Debt 467.9m / EBITDA 100.9m)
Debt / FCF = 5.16 (Net Debt 467.9m / FCF TTM 90.7m)
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 = 10.63% (EBIT 89.1m / Capital Employed (Equity 629.0m + L.T.Debt 208.8m))
RoIC = 1.17% (NOPAT 71.6m / Invested Capital 6.11b)
WACC = 9.35% (E(915.9m)/V(1.48b) * Re(8.47%) + D(564.8m)/V(1.48b) * Rd(13.41%) * (1-Tc(0.20)))
Discount Rate = 8.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.67 | Cagr: -0.19%
[DCF] Terminal Value 74.80% ; FCFF base≈79.7m ; Y1≈91.4m ; Y5≈134.5m
[DCF] Fair Price = 105.3 (EV 1.72b - Net Debt 467.9m = Equity 1.25b / Shares 11.9m; r=9.35% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 41.82 | EPS CAGR: 9.43% | SUE: 0.13 | # 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=+40% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.90 | Chg30d=+1.34% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=7.33 | Chg30d=+2.23% | Revisions=+40% | GrowthEPS=+9.8% | GrowthRev=+9.0%
EPS next Year (2027-12-31): EPS=7.58 | Chg30d=+1.54% | Revisions=+40% | GrowthEPS=+3.3% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +73% (up=8, down=0)