First Financial Corporation Announces Q2 2025 Results: Net Income Soars 63% to $18.6M, EPS Rises to $1.57

Reuters
2025/07/22
First Financial Corporation Announces <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Net Income Soars 63% to $18.6M, EPS Rises to $1.57

First Financial Corporation $(THFF)$ reported its second quarter results for 2025, highlighting a significant increase in net income to $18.6 million, compared to $11.4 million for the same period in 2024. The diluted net income per common share rose to $1.57 from $0.96 in the previous year. The return on average assets improved to 1.34% from 0.94%. The net interest income reached a record $52.7 million, marking an increase from $39.3 million in the second quarter of 2024. This 34.0% rise was driven by a consistent growth in loans over seven consecutive quarters. The net interest margin also improved to 4.15% from 3.57%. The provision for credit losses decreased to $2.0 million from $3.0 million in the second quarter of 2024. Additionally, pre-tax, pre-provision net income increased to $24.9 million from $16.2 million in the same period of the previous year. For the six months ended June 30, 2025, the corporation reported a net income of $37.0 million, up from $22.3 million in 2024, with a diluted net income per common share of $3.12 compared to $1.89 previously. The return on average assets for this period was 1.34%, up from 0.93% in 2024. The provision for credit losses for the first half of 2025 was $3.9 million, down from $4.8 million in the previous year. The total loans outstanding as of June 30, 2025, stood at $3.90 billion, reflecting ongoing loan growth, partly due to the acquisition of SimplyBank on July 1, 2024, and organic growth. Average total loans for the second quarter of 2025 were $3.88 billion compared to $3.20 billion for the same period in 2024, an increase of $680 million or 21.25%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000714562-25-000045), on July 22, 2025, and is solely responsible for the information contained therein.

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