The strong beat on both EPS and revenue, combined with record NII and expanding margins, confirms accelerating organic growth momentum. The stock should re-rate higher as the market digests the beat and the improved efficiency trajectory. Watch for analyst upgrades and potential upward revisions to forward estimates.
Price Chart
Executive Summary
First Financial Corporation (THFF) reported Q2 2026 earnings that significantly exceeded consensus estimates, with diluted EPS of $1.91 (vs. $1.71 consensus, +11.7% beat) and record net interest income of $61.2M (+16.2% YoY). The beat was driven by strong loan growth (average loans +14.83% YoY), margin expansion (NIM 4.33% vs. 4.15% YoY), and a lower provision for credit losses ($1.3M vs. $2.0M YoY). The company also reported record net income of $22.7M (+22.4% YoY) and improved efficiency ratio (57.95% vs. 59.37% YoY), marking the eleventh consecutive quarter of loan growth.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.91 beat consensus of $1.71 by 11.7%
- Net income of $22.7M, up 22.4% YoY from $18.6M
- Record net interest income of $61.2M, up 16.2% YoY
- Net interest margin expanded to 4.33% from 4.15% YoY
- Average loans grew 14.83% YoY to $4.45B
- Provision for credit losses decreased to $1.3M from $2.0M YoY
- Efficiency ratio improved to 57.95% from 59.37% YoY
- Tangible book value per share increased 18.22% YoY to $46.98
- Nonperforming loans ratio improved to 0.61% from 0.64% linked quarter
Financial Impact
EPS beat consensus by $0.20 (+11.7%), net income up $4.1M YoY, NII up $8.5M YoY
Risk Factors
- Nonperforming loans remain elevated at $27.1M vs $9.8M YoY, though stable sequentially
- Net charge-offs increased to $2.7M from $1.7M YoY
- Non-interest-bearing deposits declined to $999M from $1.1B in Q1 2026, signaling potential deposit mix shift
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000714562-26-000050 |
| Document: thff-20260728x8k.htm | 0000714562-26-000050 |
| Document: 0000714562-26-000050-index-headers.html | 0000714562-26-000050 |
| Document: 0000714562-26-000050-index.html | 0000714562-26-000050 |
| Document: 0000714562-26-000050.txt | 0000714562-26-000050 |
| 8-K Data (Synthetic) | 0000714562-26-000050 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $78.02 | awaiting T+5 | — | $77.78 (−0.31%) |
Oct 27, 2026 today | 8-K | $77.11 | awaiting T+5 | — | $77.78 (+0.87%) |
Oct 27, 2026 today | Press Release | $77.11 | awaiting T+5 | — | $77.78 (+0.87%) |
Sep 17, 2026 5w ago | 8-K | $76.55 $75.56 | ▼ −1.29% | ▼ −2.56% | $77.78 (+1.61%) |
Sep 17, 2026 5w ago | 8-K | $77.09 $75.22 | ▼ −2.43% | ▼ −3.03% | $77.78 (+0.90%) |
Sep 10, 2026 6w ago | 425 | $77.80 $77.09 | ▼ −0.91% | ▼ −0.41% | $77.78 (−0.03%) |
Sep 4, 2026 7w ago | 8-K | $79.34 $78.20 | ▼ −1.44% | ▼ −0.23% | $77.78 (−1.97%) |
Aug 27, 2026 8w ago | 8-K | $79.50 $78.70 | ▼ −1.01% | ▼ −1.27% | $77.78 (−2.16%) |
Jul 28, 2026 13w ago | 8-K | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $77.78 (−2.67%) |
Jul 28, 2026 13w ago | Press Release | $79.91 $82.59 | ▲ +3.35% | ▲ +1.08% | $77.78 (−2.67%) |
US Market Status
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