First Financial Management

Management criteria checks 2/4

First Financial's CEO is Norman Lowery, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.05M, comprised of 35.8% salary and 64.2% bonuses, including company stock and options. directly owns 0.41% of the company’s shares, worth $2.44M. The average tenure of the management team and the board of directors is 0.9 years and 15.8 years respectively.

Key information

Norman Lowery

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	35.8%
CEO tenure	less than a year
CEO ownership	0.4%
Management average tenure	less than a year
Board average tenure	15.8yrs

Recent management updates

Recent updates

First Financial (NASDAQ:THFF) Will Pay A Larger Dividend Than Last Year At $0.74

Dec 11

First Financial (NASDAQ:THFF) Is Increasing Its Dividend To US$0.54

Jun 05

First Financial (NASDAQ:THFF) Will Pay A Larger Dividend Than Last Year At US$0.63

Dec 31

First Financial EPS beats by $0.12, misses on revenue

Apr 27

Increases to First Financial Corporation's (NASDAQ:THFF) CEO Compensation Might Cool off for now

Apr 15

The Attractive Combination That Could Earn First Financial Corporation (NASDAQ:THFF) A Place In Your Dividend Portfolio

Apr 06

How Many First Financial Corporation (NASDAQ:THFF) Shares Did Insiders Buy, In The Last Year?

Mar 02

Introducing First Financial (NASDAQ:THFF), A Stock That Climbed 19% In The Last Five Years

Feb 02

Why You Might Be Interested In First Financial Corporation (NASDAQ:THFF) For Its Upcoming Dividend

Jan 04

What Does First Financial's (NASDAQ:THFF) CEO Pay Reveal?

Dec 23

What Makes First Financial Corporation (NASDAQ:THFF) A Great Dividend Stock?

Dec 02

First Financial raises dividend by ~2%

Nov 19

First Financial EPS beats by $0.29, beats on revenue

Oct 28

CEO Compensation Analysis

How has Norman Lowery's remuneration changed compared to First Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$43m
Jun 30 2024	n/a	n/a	US$51m
Mar 31 2024	n/a	n/a	US$56m
Dec 31 2023	US$1m	US$376k	US$61m
Sep 30 2023	n/a	n/a	US$65m
Jun 30 2023	n/a	n/a	US$67m
Mar 31 2023	n/a	n/a	US$66m
Dec 31 2022	US$684k	US$361k	US$71m
Sep 30 2022	n/a	n/a	US$62m
Jun 30 2022	n/a	n/a	US$60m
Mar 31 2022	n/a	n/a	US$61m
Dec 31 2021	US$793k	US$351k	US$53m
Sep 30 2021	n/a	n/a	US$61m
Jun 30 2021	n/a	n/a	US$59m
Mar 31 2021	n/a	n/a	US$55m
Dec 31 2020	US$1m	US$341k	US$54m
Sep 30 2020	n/a	n/a	US$52m
Jun 30 2020	n/a	n/a	US$51m
Mar 31 2020	n/a	n/a	US$51m
Dec 31 2019	US$1m	US$330k	US$49m
Sep 30 2019	n/a	n/a	US$46m
Jun 30 2019	n/a	n/a	US$45m
Mar 31 2019	n/a	n/a	US$47m
Dec 31 2018	US$650k	US$297k	US$47m
Sep 30 2018	n/a	n/a	US$38m
Jun 30 2018	n/a	n/a	US$36m
Mar 31 2018	n/a	n/a	US$29m
Dec 31 2017	US$664k	US$270k	US$29m

Compensation vs Market: Norman's total compensation ($USD1.05M) is below average for companies of similar size in the US market ($USD2.14M).

Compensation vs Earnings: Norman's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Norman Lowery (56 yo)

less than a year

Tenure

US$1,050,992

Compensation

Mr. Norman D. Lowery serves as President and CEO of First Financial Bank, National Association from January 1, 2024 and served as its Chief Operations officer until January 01, 2024. He had been the Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Norman Lowery	Executive Chairman	35.8yrs	US$1.72m	1.13% $ 6.7m
Norman Lowery	President	less than a year	US$1.05m	0.41% $ 2.4m
Rodger McHargue	Senior VP	14.7yrs	US$1.09m	0.27% $ 1.6m
Mark Franklin	Senior VP & Chief Lending Officer	2.8yrs	US$534.91k	0.057% $ 338.0k
Bob Renock	Chief Marketing Officer	less than a year	no data	no data
Terry Tevlin	Vice President of Marketing	no data	no data	no data
Stephen Panagouleas	Senior VP & Chief Credit Officer	less than a year	no data	0.026% $ 151.3k

0.9yrs

Average Tenure

62yo

Average Age

Experienced Management: THFF's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Norman Lowery	Executive Chairman	35.8yrs	US$1.72m	1.13% $ 6.7m
Norman Lowery	President	4yrs	US$1.05m	0.41% $ 2.4m
Michael Carty	Independent Director	4yrs	US$80.50k	0.0023% $ 13.6k
Gregory Gibson	Independent Director	30.8yrs	US$76.50k	0.88% $ 5.2m
Thomas Dinkel	Independent Director	35.8yrs	US$80.50k	0.15% $ 860.2k
William Voges	Independent Director	16.1yrs	US$82.50k	0.17% $ 1.0m
William Brighton	Independent Director	20.8yrs	US$80.50k	0.19% $ 1.1m
Ronald Rich	Lead Independent Director	19.4yrs	US$82.50k	0.034% $ 201.8k
William Krieble	Independent Director	15.6yrs	US$80.50k	0.050% $ 296.4k
Tina Maher	Independent Director	5.1yrs	US$80.50k	0.19% $ 1.1m
Paul Pierson	Independent Director	5.1yrs	US$78.50k	0.076% $ 448.5k
Thomas Martin	Independent Director	5.1yrs	US$80.50k	0.068% $ 398.1k

15.8yrs

Average Tenure

73yo

Average Age

Experienced Board: THFF's board of directors are seasoned and experienced ( 15.8 years average tenure).

First Financial Management

Management criteria checks 2/4

Key information

Recent management updates

First Financial Corporation, Annual General Meeting, Apr 17, 2024

First Financial Corporation and First Financial Bank N.A Announces Retirement of Steven H. Holliday as Chief Credit Officer Effective June 28, 2024

First Financial Corporation Announces CEO Transition

First Financial Corporation Announces CEO Transition

Independent Director recently bought US$64k worth of stock

Independent Director recently bought US$60k worth of stock

Recent updates

Investor sentiment improves as stock rises 15%

First Financial: A Middle-Of-The-Pack Prospect

Third quarter 2024 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.45 per share

First Financial Corporation Declares Quarterly Dividend, Payable on October 15, 2024

Price target increased by 11% to US$47.00

Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint

First Financial Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2024

Investor sentiment improves as stock rises 16%

First Financial Corporation Declares Quarterly Dividend, Payable July 15, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

First Financial Corporation Reports Net Charge-Off for the First Quarter Ended March 31, 2024

Consensus EPS estimates fall by 14%

First Financial Corporation Declares Quarterly Dividend, Payable on April 15, 2024

First Financial Corporation, Annual General Meeting, Apr 17, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Consensus EPS estimates fall by 11%

Full year 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.2% to US$44.50

First Financial Corporation and First Financial Bank N.A Announces Retirement of Steven H. Holliday as Chief Credit Officer Effective June 28, 2024

Upcoming dividend of US$0.45 per share at 2.1% yield

First Financial Corporation Declares Quarterly Dividend, Payable on January 16, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations

First Financial Corporation Announces CEO Transition

First Financial Corporation Announces CEO Transition

First Financial Corporation Reports Net Charge-Offs Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.54 per share at 2.9% yield

First Financial (NASDAQ:THFF) Is Paying Out A Dividend Of $0.54

First Financial (NASDAQ:THFF) Will Pay A Dividend Of $0.54

First Financial Corporation Declares Semi-Annual Dividend, Payable on July 3, 2023

Independent Director recently bought US$64k worth of stock

Price target decreased by 8.9% to US$46.00

First quarter 2023 earnings: Revenues miss analyst expectations

Independent Director recently bought US$60k worth of stock

First Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Now 21% undervalued after recent price drop

First Financial (NASDAQ:THFF) Is Paying Out A Larger Dividend Than Last Year

Upcoming dividend of US$0.74 per share

First Financial (NASDAQ:THFF) Will Pay A Larger Dividend Than Last Year At $0.74

First Financial Corporation Declares Semi-Annual Dividend, Payable on January 13, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.54 per share

First Financial (NASDAQ:THFF) Is Increasing Its Dividend To US$0.54

First Financial Corporation Declares Semi-Annual Dividend, Payable on July 1, 2022

Consensus EPS estimates increase by 11%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Financial Corporation Reports Net Charge-Off for the First Quarter ended March 31, 2022

First Financial Corporation, Annual General Meeting, Apr 20, 2022

Full year 2021 earnings: EPS misses analyst expectations

Full year 2021 earnings: EPS misses analyst expectations

First Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

First Financial (NASDAQ:THFF) Will Pay A Larger Dividend Than Last Year At US$0.63

Upcoming dividend of US$0.63 per share

First Financial Corporation (NasdaqGS:THFF) agreed to acquire Hancock Bancorp, Inc. for $31.4 million.

Consensus EPS estimates increase to US$4.36

Second quarter 2021 earnings released: EPS US$1.24 (vs US$0.87 in 2Q 2020)

Upcoming dividend of US$0.53 per share

First Financial Corporation Announces Declaration of Semi-Annual Dividend, Payable on July 1, 2021

First quarter 2021 earnings released: EPS US$0.95 (vs US$0.89 in 1Q 2020)

First Financial Corporation Announces Net Charge-Offs for the Quarter Ended March 31, 2021

First Financial EPS beats by $0.12, misses on revenue

Increases to First Financial Corporation's (NASDAQ:THFF) CEO Compensation Might Cool off for now

The Attractive Combination That Could Earn First Financial Corporation (NASDAQ:THFF) A Place In Your Dividend Portfolio

Full year 2020 earnings released: EPS US$3.93 (vs US$3.80 in FY 2019)

Earnings beat expectations, revenue disappoints