First Financial
First Financial Corporation, through its subsidiaries, provides various financial services. The last earnings update was 48 days ago. More info.
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THFF Share Price and Events
7 Day Returns
1 Year Returns
THFF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| First Financial (THFF) | 0.5% | 1.5% | -7% | -15.3% | 10.1% | 19.3% |
| US Banks | 0.3% | -0.2% | 3.6% | -6.8% | 55.8% | 40% |
| US Market | 1.4% | 3.8% | 3.5% | 4.9% | 44.8% | 40.1% |
1 Year Return vs Industry and Market
- THFF underperformed the Banks industry which returned -6.8% over the past year.
- THFF underperformed the Market in United States of America which returned 4.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
First Financial
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for First Financial.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $41.29 * 8.5% |
$3.53 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $41.29 |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (18.27%)) |
0.782 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NasdaqGS:THFF using Excess Returns Model Model
The calculations below outline how an intrinsic value for First Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8.5% – 7.5%) * $41.29) |
$0.43 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.43 / (7.5% - 2.73%) |
$9.10 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $41.29 + $9.10 |
$50.39 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $50.39 |
| Current discount | Discount to share price of
$39.23
= -1 x ($39.23 - $50.39) / $50.39 |
22.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- First Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
- First Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for First Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
First Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.86 |
| NasdaqGS:THFF Share Price ** | NasdaqGS (2019-06-25) in USD | $39.23 |
| United States of America Banks Industry PE Ratio | Median Figure of 600 Publicly-Listed Banks Companies | 12.59x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of First Financial.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:THFF Share Price ÷ EPS (both in USD) = 39.23 ÷ 3.86 |
10.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- First Financial is good value based on earnings compared to the US Banks industry average.
- First Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
First Financial's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
11.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 271 Publicly-Listed Banks Companies | 1.33x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.17x ÷ 11.6% |
0.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- First Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
First Financial's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $37.66 |
| NasdaqGS:THFF Share Price * | NasdaqGS (2019-06-25) in USD | $39.23 |
| United States of America Banks Industry PB Ratio | Median Figure of 603 Publicly-Listed Banks Companies | 1.18x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:THFF Share Price ÷ Book Value per Share (both in USD) = 39.23 ÷ 37.66 |
1.04x |
* Primary Listing of First Financial.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- First Financial is good value based on assets compared to the US Banks industry average.
Value checks
We assess First Financial's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) First Financial has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- First Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- First Financial's earnings growth is positive but not above the United States of America market average.
- First Financial's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:THFF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 11.6% |
| NasdaqGS:THFF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 15.5% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 199 | 55 | 2 | |
| 2019-12-31 | 175 | 47 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 151 | 63 | 47 |
| 2018-12-31 | 149 | 57 | 47 |
| 2018-09-30 | 147 | 56 | 38 |
| 2018-06-30 | 145 | 59 | 36 |
| 2018-03-31 | 137 | 49 | 29 |
| 2017-12-31 | 139 | 50 | 29 |
| 2017-09-30 | 138 | 50 | 35 |
| 2017-06-30 | 137 | 43 | 34 |
| 2017-03-31 | 137 | 39 | 34 |
| 2016-12-31 | 136 | 41 | 38 |
| 2016-09-30 | 136 | 35 | 37 |
| 2016-06-30 | 138 | 33 | 37 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from First Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 4.01 | 4.05 | 3.95 | 3.00 |
| 2019-12-31 | 3.59 | 3.62 | 3.54 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.86 |
| 2018-12-31 | 3.80 |
| 2018-09-30 | 3.11 |
| 2018-06-30 | 2.91 |
| 2018-03-31 | 2.35 |
| 2017-12-31 | 2.38 |
| 2017-09-30 | 2.85 |
| 2017-06-30 | 2.80 |
| 2017-03-31 | 2.79 |
| 2016-12-31 | 3.12 |
| 2016-09-30 | 2.99 |
| 2016-06-30 | 2.97 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if First Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess First Financial's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
First Financial has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has First Financial performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- First Financial's year on year earnings growth rate has been positive over the past 5 years.
- First Financial's 1-year earnings growth exceeds its 5-year average (64.8% vs 4.4%)
- First Financial's earnings growth has exceeded the US Banks industry average in the past year (64.8% vs 40.7%).
Earnings and Revenue History
All data from First Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 150.51 | 47.31 | 64.46 | |
| 2018-12-31 | 149.02 | 46.58 | 64.52 | |
| 2018-09-30 | 147.10 | 38.14 | 65.26 | |
| 2018-06-30 | 145.30 | 35.62 | 65.25 | |
| 2018-03-31 | 136.64 | 28.72 | 64.00 | |
| 2017-12-31 | 138.50 | 29.13 | 64.20 | |
| 2017-09-30 | 137.95 | 34.86 | 65.02 | |
| 2017-06-30 | 136.87 | 34.23 | 65.51 | |
| 2017-03-31 | 137.08 | 34.11 | 66.37 | |
| 2016-12-31 | 135.78 | 38.41 | 64.26 | |
| 2016-09-30 | 136.24 | 37.18 | 68.82 | |
| 2016-06-30 | 138.33 | 37.42 | 70.73 | |
| 2016-03-31 | 139.05 | 36.11 | 72.55 | |
| 2015-12-31 | 138.99 | 30.20 | 74.08 | |
| 2015-09-30 | 140.46 | 32.26 | 73.04 | |
| 2015-06-30 | 140.88 | 32.14 | 72.35 | |
| 2015-03-31 | 142.86 | 33.70 | 71.44 | |
| 2014-12-31 | 143.55 | 33.77 | 70.42 | |
| 2014-09-30 | 145.16 | 33.51 | 70.12 | |
| 2014-06-30 | 146.21 | 33.71 | 69.36 | |
| 2014-03-31 | 142.12 | 31.67 | 68.61 | |
| 2013-12-31 | 139.86 | 31.53 | 67.55 | |
| 2013-09-30 | 138.21 | 31.18 | 67.50 | |
| 2013-06-30 | 135.81 | 30.80 | 67.00 | |
| 2013-03-31 | 139.00 | 33.06 | 66.95 | |
| 2012-12-31 | 139.69 | 32.81 | 67.45 | |
| 2012-09-30 | 134.64 | 34.40 | 63.52 | |
| 2012-06-30 | 132.56 | 36.12 | 60.75 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- First Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- First Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if First Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess First Financial's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
First Financial has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from First Financial Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 462.80 | 81.65 | 56.63 |
| 2018-12-31 | 442.70 | 69.66 | 61.59 |
| 2018-09-30 | 427.77 | 93.68 | 57.62 |
| 2018-06-30 | 419.70 | 33.99 | 50.08 |
| 2018-03-31 | 414.90 | 29.08 | 42.66 |
| 2017-12-31 | 413.57 | 57.69 | 61.61 |
| 2017-09-30 | 443.56 | 23.51 | 70.40 |
| 2017-06-30 | 434.45 | 52.01 | 55.38 |
| 2017-03-31 | 426.81 | 35.95 | 55.52 |
| 2016-12-31 | 414.40 | 81.12 | 69.96 |
| 2016-09-30 | 422.37 | 41.50 | 111.90 |
| 2016-06-30 | 413.22 | 73.08 | 60.94 |
| 2016-03-31 | 411.91 | 43.37 | 72.57 |
| 2015-12-31 | 410.32 | 46.51 | 87.01 |
| 2015-09-30 | 408.59 | 36.59 | 63.28 |
| 2015-06-30 | 399.06 | 95.56 | 62.61 |
| 2015-03-31 | 409.03 | 41.27 | 101.18 |
| 2014-12-31 | 394.21 | 60.90 | 75.60 |
| 2014-09-30 | 403.87 | 146.99 | 111.98 |
| 2014-06-30 | 405.75 | 136.56 | 94.14 |
| 2014-03-31 | 399.33 | 73.92 | 93.78 |
| 2013-12-31 | 386.20 | 117.88 | 63.81 |
| 2013-09-30 | 375.08 | 86.29 | 84.32 |
| 2013-06-30 | 368.40 | 238.73 | 83.94 |
| 2013-03-31 | 378.38 | 154.56 | 132.78 |
| 2012-12-31 | 372.12 | 160.26 | 98.83 |
| 2012-09-30 | 368.76 | 169.86 | 119.41 |
| 2012-06-30 | 358.29 | 193.20 | 112.14 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- First Financial has an acceptable proportion of non-loan assets held.
- First Financial's liabilities are made up of primarily low risk sources of funding.
- Loans at First Financial are broadly funded by customer deposits.
- First Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- First Financial has a sufficient allowance for bad loans.
- First Financial has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess First Financial's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) First Financial has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is First Financial's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
First Financial
shares you are expected to receive
$53
in your first year as a dividend.
Dividend Amount
- First Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- First Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.16 | 3.00 |
| 2019-12-31 | 1.26 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-22 | 1.040 | 2.680 |
| 2018-11-26 | 1.020 | 2.424 |
| 2018-11-07 | 1.020 | 2.171 |
| 2018-10-23 | 1.020 | 2.217 |
| 2018-08-08 | 1.020 | 2.014 |
| 2018-07-24 | 1.020 | 2.026 |
| 2017-10-20 | 1.020 | 2.258 |
| 2017-05-17 | 1.000 | 2.167 |
| 2016-11-16 | 1.000 | 2.081 |
| 2016-11-04 | 1.000 | 2.378 |
| 2016-10-25 | 1.000 | 2.498 |
| 2016-05-18 | 1.000 | 2.585 |
| 2015-11-18 | 0.980 | 2.891 |
| 2015-11-05 | 0.980 | 2.720 |
| 2015-10-28 | 0.980 | 2.804 |
| 2015-05-20 | 0.980 | 2.896 |
| 2015-03-06 | 0.980 | 2.829 |
| 2015-02-03 | 0.980 | 2.863 |
| 2014-11-05 | 0.980 | 2.876 |
| 2014-10-30 | 0.980 | 2.856 |
| 2014-05-20 | 0.980 | 3.069 |
| 2014-03-14 | 0.960 | 2.954 |
| 2013-11-06 | 0.960 | 2.796 |
| 2013-10-29 | 0.960 | 2.781 |
| 2013-05-22 | 0.960 | 3.020 |
| 2013-03-15 | 0.960 | 3.134 |
| 2012-11-09 | 0.940 | 3.137 |
| 2012-10-31 | 0.940 | 3.173 |
| 2012-05-16 | 0.940 | 3.147 |
| 2011-11-16 | 0.940 | 2.907 |
| 2011-11-09 | 0.940 | 2.818 |
| 2011-10-20 | 0.940 | 2.880 |
| 2011-05-18 | 0.940 | 3.064 |
| 2010-11-17 | 0.920 | 2.855 |
| 2010-11-04 | 0.920 | 2.928 |
| 2010-10-22 | 0.920 | 3.078 |
| 2010-08-06 | 0.920 | 3.177 |
| 2010-07-22 | 0.920 | 3.227 |
| 2009-12-16 | 0.900 | 3.190 |
| 2009-11-06 | 0.900 | 3.118 |
| 2009-10-27 | 0.900 | 3.237 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
First Financial's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.8x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess First Financial's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can First Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) First Financial has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,923,279 |
| AGE | 72 |
| TENURE AS CEO | 15.4 years |
CEO Bio
Mr. Norman L. Lowery, also known as Norm, has been the Vice Chairman, Chief Executive Officer and President of First Financial Corporation (“Corporation”) since 1996, 2004 and 2013 respectively. Mr. Lowery has been the Vice Chairman, President and Chief Executive Officer of First Financial Bank N A since 1996. He has been the Director of Corporation since 1989. Prior to joining the Corporation, Mr. Lowery was a partner in the law firm of Wright, Shagley & Lowery, P.C., where he practiced for 19 years. Mr. Lowery serves on the boards of Lynch Coal Operators Reciprocal Corporation, Princeton Mining Company, Inc. and Deep Vein Coal Company, Inc. He is an attorney and a member of the national, state and local bar associations, the national and state trial lawyer associations and the Indiana and American Bankers Association. Mr. Lowery is a Member of the Terre Haute Economic Development Corporation, a Past President and Board Member of the Terre Haute Chamber of Commerce, a Past Chairman and Board Member of the Wabash Valley Community Foundation and Past President, Board Member and Past Campaign Chairman of the United Way of the Wabash Valley. Mr. Lowery serves as a Board Secretary and Member of Board of Trustees at Indiana State University. Mr. Lowery holds a B.S. degree in Political Science from Indiana State University and a Doctor of Jurisprudence degree from Indiana University.
CEO Compensation
- Norm's compensation has been consistent with company performance over the past year, both up more than 20%.
- Norm's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the First Financial management team in years:
- The average tenure for the First Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Norm Lowery
Vice Chairman
$2M
72
15.4 yrs
Rodger McHargue
Senior VP
$627K
56
9.3 yrs
Norman Lowery
Senior VP & COO
$650K
50
9.3 yrs
Steve Holliday
Senior VP & Chief Credit Officer
$460K
57
7.4 yrs
Karen Stinson-Milienu
Chief Branch Banking Officer
$414K
57
8.4 yrs
Terry Tevlin
Vice President of Marketing
64
Board of Directors Tenure
Average tenure and age of the First Financial board of directors in years:
- The average tenure for the First Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
B. Cox
Chairman of the Board
$85K
72
6.4 yrs
Norm Lowery
Vice Chairman
$2M
72
23.4 yrs
Thomas Dinkel
Director
$81K
67
30.4 yrs
William Brighton
Director
$83K
64
15.4 yrs
Ronald Rich
Lead Independent Director
$84K
79
William Voges
Director
$82K
63
10.7 yrs
Greg Gibson
Director
$78K
55
25.4 yrs
Tony George
Director
$87K
58
32.4 yrs
William Krieble
Director
$84K
70
10.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by First Financial individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 03. Jun 19 | Buy | William Krieble | Individual | 29. May 19 | 31. May 19 | 228 | $38.10 | $8,662 | ||
| 30. May 19 | Buy | William Brighton | Individual | 28. May 19 | 28. May 19 | 400 | $38.48 | $15,392 | ||
| 13. Feb 19 | Buy | Thomas Dinkel | Individual | 06. Feb 19 | 06. Feb 19 | 550 | $42.54 | $23,396 | ||
Management checks
We assess First Financial's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) First Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Read This Before You Buy First Financial Corporation (NASDAQ:THFF) Because Of Its P/E Ratio
Check out our latest analysis for First Financial How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for First Financial: P/E of 10.06 = $38.8 ÷ $3.86 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGS:THFF Price Estimation Relative to Market, June 9th 2019 Its relatively low P/E ratio indicates that First Financial shareholders think it will struggle to do as well as other companies in its industry classification.
Simply Wall St - – Full articleIs First Financial Corporation's (NASDAQ:THFF) CEO Overpaid Relative To Its Peers?
Norm Lowery became the CEO of First Financial Corporation (NASDAQ:THFF) in 2004. … Check out our latest analysis for First Financial How Does Norm Lowery's Compensation Compare With Similar Sized Companies? … Our data indicates that First Financial Corporation is worth US$475m, and total annual CEO compensation is US$1.9m.
Simply Wall St - – Full articleFirst Financial Corporation's (NASDAQ:THFF) 2.5% Dividend Yield Looks Pretty Interesting
Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. … Next, growing earnings per share and steady dividend payments is a great combination.
Simply Wall St - – Full articleWhy First Financial Corporation (NASDAQ:THFF) Could Be Worth Watching
First Financial Corporation (NASDAQ:THFF), operating in the financial services industry based in United States,. … But is this actually reflective of the share value of the? … Let’s take a look at First Financial’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleHave Insiders Been Selling First Financial Corporation (NASDAQ:THFF) Shares?
First Financial Insider Transactions Over The Last Year. … The Senior VP & COO, Norman Lowery, made the biggest insider sale in the last 12 months. … Norman Lowery was the only individual insider to sell shares in the last twelve months
Simply Wall St - – Full articleHow Many First Financial Corporation (NASDAQ:THFF) Shares Do Institutions Own?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … First Financial is not a large company by global standards. … institutional investors have bought into the company.
Simply Wall St - – Full articleDoes The First Financial Corporation (NASDAQ:THFF) Share Price Tend To Follow The Market?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleThree Key Risks For First Financial Corporation (NASDAQ:THFF) You Should Know
As a small-cap bank with a market capitalisation of US$538m, First Financial Corporation’s (NASDAQ:THFF) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting First Financial’s bottom line. … NasdaqGS:THFF Historical Debt, March 13th 2019
Simply Wall St - – Full articleDoes First Financial Corporation's (NASDAQ:THFF) P/E Ratio Signal A Buying Opportunity?
To keep it practical, we'll show how First Financial Corporation's (NASDAQ:THFF) P/E ratio could help you assess the value on offer. … First Financial has a price to earnings ratio of 11.55, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould You Be Concerned About First Financial Corporation’s (NASDAQ:THFF) Liquidity?
As a small-cap bank stock with a market capitalisation of US$523m, First Financial Corporation’s (NASDAQ:THFF) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like First Financial to vulnerabilities. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels.
Simply Wall St - – Full articleCompany Info
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 66 branches in west-central Indiana and east-central Illinois. It also rents an office building. First Financial Corporation was founded in 1984 and is headquartered in Terre Haute, Indiana.
Details
| Name: | First Financial Corporation |
| THFF | |
| Exchange: | NasdaqGS |
| Founded: | 1984 |
| $482,145,016 | |
| 12,290,212 | |
| Website: | http://www.first-online.com |
| Address: |
First Financial Corporation One First Financial Plaza, Terre Haute, Indiana, 47807, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | THFF | Common Stock | Nasdaq Global Select | US | USD | 31. Jan 1991 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/25 23:37 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/04/29 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
