First Financial Corporation Reports Q3 Net Income of $20.8 Million
First Financial Corporation reported third quarter 2025 net income of $20.8 million, up from $8.7 million for the same period in 2024. Return on average assets was 1.48% compared to 0.64% for the third quarter of 2024. Provision for credit losses was $2.0 million, down from $9.4 million a year earlier. Pre-tax, pre-provision net income rose to $27.7 million from $19.9 million in the prior year period. Non-interest expense for the quarter was $38.0 million, compared to $38.6 million in 2024. The efficiency ratio improved to 56.63% from 64.43% in the same quarter of 2024. For the nine months ended September 30, 2025, net income was $57.8 million, up from $31.0 million in 2024. Return on average assets for the nine-month period was 1.39%, compared to 0.82% a year ago. Provision for credit losses was $5.9 million, compared to $14.2 million in 2024. Pre-tax, pre-provision net income for the period was $78.3 million, up from $51.1 million in the prior year. Average total loans for the third quarter were $3.93 billion, versus $3.71 billion for the same period in 2024. Total loans outstanding as of September 30, 2025, were $3.97 billion, compared to $3.72 billion a year earlier. Income tax expense for the third quarter was $5.0 million, with an effective tax rate of 20.18%, compared to $1.7 million and 16.44% in 2024.
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