First Financial Third Quarter 2024 Earnings: EPS Misses Expectations

First Financial (NASDAQ:THFF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$49.0m (down 5.0% from 3Q 2023).
• Net income: US$8.74m (down 46% from 3Q 2023).
• Profit margin: 18% (down from 32% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.74 (down from US$1.37 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Financial EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for First Financial that we have uncovered.

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