First Financial Corporation Q4 Net Income Rises to $16.2 Million, EPS Increases to $1.37
First Financial Corporation reported financial results for the fourth quarter and full year ended December 31, 2024. The company announced fourth quarter net income of $16.2 million, up from $12.4 million in the same period of 2023. Diluted net income per common share for the quarter was $1.37, compared to $1.06 in the fourth quarter of the previous year. Return on average assets for the quarter was 1.18%, compared to 1.05% for the three months ended December 31, 2023. The company's pre-tax, pre-provision net income for the quarter was $22.3 million, compared to $16.6 million in the prior year period. Credit loss provision was $2.0 million for the quarter, down from $2.5 million in the fourth quarter of 2023. For the full year 2024, net income was $47.3 million, compared to $60.7 million for 2023. The efficiency ratio for the quarter ending December 31, 2024, was 62.98%, compared to 65.62% in the same period of the previous year. The effective tax rate for 2024 was 17.28%, compared to 16.31% in 2023. First Financial Corporation is the holding company for First Financial Bank N.A., which operates 83 banking centers across Illinois, Indiana, Kentucky, Tennessee, and Georgia.
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