THFF 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

THFF ▲ +3.31% at T+20d

NEUTRAL call ✓ call won +3.31% · α vs SPY -2.16% · entry $67.46 → $69.69

Next anchor: T+60d in 6w

Currently $72.78 · +7.89% from $67.46 entry

Entry anchored
Apr 28, 09:31 AM ET
via Databento tick

T+1d

-3.74%

call -3.74% · α -3.73%

$64.94

settled 6w ago

T+5d

-2.94%

call -2.94% · α -4.63%

$65.48

settled 5w ago

T+20d

+3.31%

call +3.31% · α -2.16%

$69.69

settled 14d ago

T+60d

—

call — · α —

—

in 6w

Price Chart

Loading chart...

Executive Summary

First Financial Corp reported Q1 2026 net income of $19.8M ($1.67 EPS) vs $18.4M ($1.55 EPS) a year ago, a 7.7% YoY EPS increase. Net interest income rose 9.5% to a record $56.9M, and the completed CedarStone acquisition added $292M in loans and $313M in deposits. However, nonperforming loans surged to $28.5M (0.64% of loans) from $10.2M (0.26%) a year ago, and the efficiency ratio deteriorated to 58.72% from 57.54%, tempering the headline growth.

Actionable Insight

The mixed quarter shows solid core earnings growth offset by a sharp spike in nonperforming loans and margin compression from Q4 levels. Watch for credit quality trends in Q2 — if NPLs stabilize, the acquisition-driven growth story remains intact. The stock's strong T+20 performance after the prior neutral report (+8%) suggests the market is rewarding the earnings trajectory, but the NPL jump introduces new risk.

Key Facts

Q1 2026 diluted EPS of $1.67 vs $1.55 YoY, up 7.7%
Net interest income record $56.9M, up 9.5% YoY
Completed CedarStone acquisition on March 1, 2026: $292M loans, $313M deposits acquired
Nonperforming loans rose to $28.5M (0.64% of loans) from $10.2M (0.26%) YoY
Efficiency ratio worsened to 58.72% from 57.54% YoY
Net interest margin compressed to 4.23% from 4.66% linked quarter, but up from 4.11% YoY
Book value per share grew 14.17% YoY to $55.10
No share repurchases in the last 12 months; 518,860 shares remain authorized

Financial Impact

EPS beat consensus by ~$0.03 (1.8%) vs $1.64 estimate; revenue not explicitly guided but net interest income up 9.5% YoY

epsnet interest incomenonperforming loansefficiency ratio

Risk Factors

Nonperforming loans tripled YoY to $28.5M, signaling potential credit deterioration
Net interest margin compressed 43bp linked quarter from 4.66% to 4.23%
Efficiency ratio worsened, indicating cost pressures from the acquisition integration
Tangible common equity to tangible assets ratio declined to 8.93% from 9.51% at year-end

Market Snapshot

Exchange

Nasdaq

Sector

State Commercial Banks

Analyst Consensus

67% bullish (9 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0000714562-26-000035
Document: thff-20260428x8k.htm	0000714562-26-000035
Document: 0000714562-26-000035-index-headers.html	0000714562-26-000035
Document: 0000714562-26-000035-index.html	0000714562-26-000035
Document: 0000714562-26-000035.txt	0000714562-26-000035
8-K Data (Synthetic)	0000714562-26-000035

3 reports for THFF

T+1T+5T+20T+60

Filters

Reports for THFF — sortable, filterable
	Type				Now
Apr 28, 2026 6w ago	8-K MIXED ★ 5/10	$67.46 $69.69	▲ +3.31%	▼ −2.16%	$72.78 (+7.89%)
Apr 28, 2026 6w ago	Press Release NEUTRAL ★ 4/10	$67.46 $69.69	▲ +3.31%	▼ −2.16%	$72.78 (+7.89%)
Mar 18, 2026 11w ago	Press Release NEUTRAL ★ 3/10	$59.81 $65.88	▲ +10.16%	▲ +4.11%	$72.78 (+21.69%)

US Market Status

Market Closed — Opens Thu (11h 13m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access