First Financial
Market Cap
US$605.9m
Last Updated
2020/01/18 23:34 UTC
Data Sources
Company Financials +
Executive Summary
First Financial Corporation, through its subsidiaries, provides various financial services.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has First Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THFF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
THFF
-0.08%
US Banks
2.0%
US Market
1 Year Return
4.8%
THFF
15.5%
US Banks
23.6%
US Market
Return vs Industry: THFF underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: THFF underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| THFF | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | -0.08% | 2.0% |
| 30 Day | -4.3% | -1.6% | 3.9% |
| 90 Day | 3.3% | 9.2% | 12.0% |
| 1 Year | 7.4%4.8% | 18.9%15.5% | 26.2%23.6% |
| 3 Year | 0.3%-9.5% | 34.6%25.1% | 53.2%43.3% |
| 5 Year | 52.8%30.9% | 86.1%65.2% | 75.7%56.3% |
Price Volatility Vs. Market
How volatile is First Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
What You Must Know About First Financial Corporation's (NASDAQ:THFF) Beta Value2 weeks ago | Simply Wall St
Why You Might Be Interested In First Financial Corporation (NASDAQ:THFF) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Does First Financial Corporation's (NASDAQ:THFF) CEO Salary Compare Well With Others?Valuation
Is First Financial undervalued compared to its fair value and its price relative to the market?
33.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: THFF ($44.1) is trading below our estimate of fair value ($67.95)
Significantly Below Fair Value: THFF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: THFF is good value based on its PE Ratio (12.1x) compared to the Banks industry average (12.8x).
PE vs Market: THFF is good value based on its PE Ratio (12.1x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: THFF is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: THFF is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is First Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THFF's forecast earnings growth (5.9% per year) is above the savings rate (1.7%).
Earnings vs Market: THFF's earnings (5.9% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: THFF's earnings are forecast to grow, but not significantly.
Revenue vs Market: THFF's revenue (8.2% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: THFF's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THFF's Return on Equity is forecast to be low in 3 years time (8.8%).
Next Steps
Past Performance
How has First Financial performed over the past 5 years?
6.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THFF has high quality earnings.
Growing Profit Margin: THFF's current net profit margins (29.7%) are higher than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: THFF's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: THFF's earnings growth over the past year (19.5%) exceeds its 5-year average (6.1% per year).
Earnings vs Industry: THFF earnings growth over the past year (19.5%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: THFF's Return on Equity (8.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is First Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: THFF has a low level of unsold assets or inventory.
Debt Coverage by Assets: THFF's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: THFF's level of assets compared to its equity is low.
Allowance for Bad Loans: THFF has a sufficient allowance for bad loans.
Low Risk Liabilities: THFF's liabilities are made up of primarily low risk sources of funding.
Loan Level: THFF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: THFF's loans are broadly funded by customer deposits.
Level of Bad Loans: THFF has an appropriate level of bad loans (0.54%)
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Dividend
What is First Financial's current dividend yield, its reliability and sustainability?
2.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: THFF's dividend (2.36%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: THFF's dividend (2.36%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: THFF's dividends per share have been stable in the past 10 years.
Growing Dividend: THFF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.2%), THFF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: THFF's dividends in 3 years are forecast to be well covered by earnings (29.8% payout ratio).
Next Steps
Management
What is the CEO of First Financial's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
Norm Lowery (73yo)
16yrs
Tenure
US$1,923,279
Compensation
Mr. Norman L. Lowery, also known as Norm, has been the Vice Chairman, Chief Executive Officer and President of First Financial Corporation (“Corporation”) since 1996, 2004 and 2013 respectively. Mr. Lowery ...
CEO Compensation Analysis
Compensation vs Market: Norm's total compensation ($USD1.92M) is about average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Norm's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.8yrs
Average Tenure
58yo
Average Age
Experienced Management: THFF's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
16.0yrs
Average Tenure
68yo
Average Age
Experienced Board: THFF's board of directors are seasoned and experienced ( 16 years average tenure).
Insider Trading
Insider Buying: THFF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 850 |
| Max Price | US$45.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 228 |
| Max Price | US$38.10 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 400 |
| Max Price | US$38.48 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 550 |
| Max Price | US$42.54 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.
Management Team
Norm Lowery (73yo)
Vice Chairman
- Tenure: 16yrs
- Compensation: US$1.92m
Rodger McHargue (57yo)
Senior VP
- Tenure: 9.8yrs
- Compensation: US$627.40k
Norman Lowery (51yo)
Senior VP & COO
- Tenure: 9.8yrs
- Compensation: US$650.01k
Karen Stinson-Milienu (58yo)
Chief Branch Banking Officer
- Tenure: 9yrs
- Compensation: US$413.97k
Steve Holliday (58yo)
Senior VP & Chief Credit Officer
- Tenure: 8yrs
- Compensation: US$459.83k
Terry Tevlin (65yo)
Vice President of Marketing
Board Members
Norm Lowery (73yo)
Vice Chairman
- Tenure: 16yrs
- Compensation: US$1.92m
Greg Gibson (56yo)
Independent Director
- Tenure: 26yrs
- Compensation: US$77.75k
B. Cox (73yo)
Independent Chairman of the Board
- Tenure: 7yrs
- Compensation: US$84.75k
Thomas Dinkel (68yo)
Independent Director
- Tenure: 31yrs
- Compensation: US$80.50k
Tony George (59yo)
Independent Director
- Tenure: 33yrs
- Compensation: US$87.25k
William Voges (64yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: US$82.25k
William Brighton (65yo)
Independent Director
- Tenure: 16yrs
- Compensation: US$82.75k
Ronald Rich (80yo)
Lead Independent Director
- Compensation: US$84.25k
William Krieble (71yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$83.75k
Thomas Martin
Independent Director
- Tenure: 0.3yrs
Company Information
First Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Financial Corporation
- Ticker: THFF
- Exchange: NasdaqGS
- Founded: 1984
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$605.856m
- Shares outstanding: 13.71m
- Website: https://www.first-online.com
Number of Employees
Location
- First Financial Corporation
- One First Financial Plaza
- Terre Haute
- Indiana
- 47807
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| THFF | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1991 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/18 23:34 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.