Trade First Financial Corp/IN - THFF CFD

First Financial Indiana Company profile

About First Financial Corp

First Financial Corporation is a financial holding company. The Company offers a variety of financial services including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services through its subsidiaries, which includes First Financial Bank, N.A. (the Bank); The Morris Plan Company of Terre Haute (Morris Plan); First Chanticleer Corporation; and FFB Risk Management Co., Inc. The Bank has two investment subsidiaries, Portfolio Management Specialists A (Specialists A) and Portfolio Management Specialists B (Specialists B), which holds and manages certain assets to manage various income streams and provides opportunities for capital creation as needed. The Bank's loan portfolio includes commercial loans, residential loans, and consumer loans. Its deposits include non-interest-bearing demand deposits, interest-bearing demand deposits, savings deposits, time deposits, and other time deposits.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Financial Corp interest income decreased 5% to $152.2M. Net interest income after loan loss provision increased 4% to $140.9M. Net income decreased 2% to $53M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income was offset by Salaries and employee benefits increase of 4% to $64.5M (expense).

Equity composition

Common Stock $.125 Par, 12/10, 40M auth., 14,450,966 issd., less 1,299,336 shs. in Treas @ $33M. Insiders & strategic holders own 20.30%. 5/83 Company reorganized into a holding company; Basis 1-for-1. 10/03 & 9/93, 2-for-1 stock splits; 1/98, 6/96, 5/95, 5% stock dividends.

One First Financial Plaza
TERRE HAUTE
INDIANA 47807
US