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%.
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