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1. Company Snapshot

1.a. Company Description

First Financial Corporation, through its subsidiaries, provides various financial services.It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits.The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.


In addition, it offers lease financing, trust account, depositor, and insurance services.The company operates 78 branches in west-central Indiana, east-central Illinois, western Kentucky, and middle and western Tennessee.First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.

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1.b. Last Insights on THFF

First Financial Corporation's recent performance was driven by strong Q1 earnings, surpassing estimates with $1.55 per share, up from $0.93 per share a year ago. The company's revenue also exceeded expectations, with a solid balance sheet and improved net interest margin contributing to the results. The SimplyBank acquisition has enhanced the bank's funding profile and credit quality, while a strong dividend payout of 51 cents per share was declared in June, providing a return to shareholders. Additionally, the company's improved financials and solid capital position have been recognized by Zacks, ranking it as a Strong Buy in momentum, income, and value stocks lists.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Head-To-Head Analysis: First Western Financial (NASDAQ:MYFW) and First Financial Corporation Indiana (NASDAQ:THFF)

Dec -01

Source: defenseworld.net

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First Financial Corporation Indiana (NASDAQ:THFF) vs. Huntington Bancshares (NASDAQ:HBAN) Financial Comparison

Nov -22

Source: defenseworld.net

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Best Value Stock to Buy for Nov. 21st

Nov -21

Source: zacks.com

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Best Income Stocks to Buy for Nov. 21st

Nov -21

Source: zacks.com

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New Strong Buy Stocks for Nov. 21: TDC, SBFG, and More

Nov -21

Source: zacks.com

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Best Value Stock to Buy for Nov. 18th

Nov -18

Source:

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Best Income Stocks to Buy for Nov. 18th

Nov -18

Source: zacks.com

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First Financial Corporation and CedarStone Financial, Inc. Sign Merger Agreement

Nov -06

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.00%)

6. Segments

Banking

Expected Growth: 11%

First Financial Corporation's 11% growth is driven by strategic expansion into new markets, increased adoption of digital banking services, and a strong focus on customer acquisition and retention. Additionally, the corporation's diversified revenue streams, including mortgage banking and wealth management, have contributed to its growth momentum.

7. Detailed Products

Commercial Loans

First Financial Corporation offers a range of commercial loans to support businesses of all sizes, including term loans, lines of credit, and construction loans.

Mortgage Loans

First Financial Corporation provides a variety of mortgage loan options, including fixed-rate and adjustable-rate loans, government-backed loans, and jumbo loans.

Consumer Loans

First Financial Corporation offers personal loans, auto loans, and recreational vehicle loans to help individuals achieve their personal financial goals.

Deposit Accounts

First Financial Corporation offers a range of deposit accounts, including checking and savings accounts, certificates of deposit, and individual retirement accounts.

Wealth Management

First Financial Corporation provides wealth management services, including investment advice, retirement planning, and estate planning.

Treasury Management

First Financial Corporation offers treasury management services, including cash management, fraud prevention, and account reconciliation.

Credit Cards

First Financial Corporation offers a range of credit card options, including rewards credit cards and low-interest credit cards.

8. First Financial Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for First Financial Corporation is medium, as there are some alternatives available for customers, but they are not very attractive.

Bargaining Power Of Customers

The bargaining power of customers for First Financial Corporation is low, as customers have limited options and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers for First Financial Corporation is medium, as the company relies on a few large suppliers, but has some negotiating power.

Threat Of New Entrants

The threat of new entrants for First Financial Corporation is low, as there are significant barriers to entry, including regulatory hurdles and high capital requirements.

Intensity Of Rivalry

The intensity of rivalry for First Financial Corporation is high, as the company operates in a highly competitive industry with many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 24.98%
Debt Cost 6.42%
Equity Weight 75.02%
Equity Cost 6.53%
WACC 6.50%
Leverage 33.30%

11. Quality Control: First Financial Corporation passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
First Financial

A-Score: 7.0/10

Value: 7.3

Growth: 5.4

Quality: 6.0

Yield: 7.0

Momentum: 8.5

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Peoples Bancorp of North Carolina

A-Score: 7.0/10

Value: 8.0

Growth: 6.6

Quality: 7.2

Yield: 6.0

Momentum: 8.0

Volatility: 6.3

1-Year Total Return ->

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Stock-Card
Independent Bank

A-Score: 6.6/10

Value: 6.9

Growth: 6.9

Quality: 7.5

Yield: 7.0

Momentum: 3.5

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Oriental

A-Score: 6.4/10

Value: 7.1

Growth: 7.2

Quality: 7.2

Yield: 5.0

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Chemung Financial

A-Score: 6.4/10

Value: 5.8

Growth: 5.6

Quality: 5.5

Yield: 6.0

Momentum: 7.5

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Orrstown Financial Services

A-Score: 6.1/10

Value: 6.8

Growth: 5.0

Quality: 6.7

Yield: 6.0

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

60.42$

Current Price

60.42$

Potential

-0.00%

Expected Cash-Flows