First Financial
Parent of First Financial Bank, a community lender spanning Indiana to Georgia.
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Profile
Operates as a single-segment bank holding company, gathering deposits and extending commercial, residential, and consumer loans through a branch network across Indiana, Illinois, Kentucky, Tennessee, and Georgia, alongside trust and wealth-management services.
Runs one reportable segment, banking, through subsidiary First Financial Bank: deposit accounts, commercial and commercial-real-estate lending, residential mortgages, consumer and lease financing, plus trust, wealth-management, and insurance services.
Branches concentrate in Indiana, where the bank traces to 1834, and extend through Illinois, Kentucky, Tennessee, and Georgia — grown from a single-market Indiana bank into a multi-state Midwest-to-Southeast lender.
Growth has come chain-style through community-bank acquisitions that added Kentucky and Tennessee, then Georgia and East Tennessee, each folded in while keeping local relationships and centralizing back-office functions. Leadership passed from father to son in 2024, continuing family stewardship.
As a bank holding company it answers to the Federal Reserve, while its national-bank subsidiary answers to the Office of the Comptroller of the Currency; earnings depend on the deposit-loan rate spread and credit performance across its community-bank loan book.
Company facts
Categories
Key statistics
Year to date +33.0% · Average volume (30d) 92.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 7, 2026 | Capital One Financial | Target | $90 | ||
| Jul 8, 2025 | Raymond James | Downgrade | Outperform | Market Perform | |
| Feb 24, 2025 | Janney Montgomery Scott | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.79 | $1.91 | +6.7% | $72.8M | $71.9M | −1.3% | +2.88% |
| Apr 28, 2026Q1 FY26 | $1.64 | $1.67 | +1.8% | $69.6M | $68.2M | −2.0% | −3.74% |
| Feb 3, 2026Q4 FY25 | $1.69 | $1.81 | +7.1% | $68.1M | $70.6M | +3.6% | +1.50% |
| Oct 28, 2025Q3 FY25 | $1.61 | $1.75 | +8.7% | $67.9M | $65.8M | −3.2% | −4.93% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $83.5M | $84.6M | $87.8M | $70.6M | $77.9M | $94.9M | |
| Gross profit | $60.5M | $61.1M | $63.8M | $68.2M | $56.9M | $70.6M | |
| Operating income | $23.8M | $22.8M | $25.8M | $27.0M | $13.5M | $28.1M | |
| Net income | $18.4M | $18.6M | $20.8M | $21.5M | $19.8M | $22.7M | |
| Diluted EPS | $1.55 | $1.57 | $1.75 | $1.81 | $1.67 | $1.91 | |
| Gross margin | 72.5% | 72.3% | 72.7% | 96.6% | 73.0% | 74.4% | |
| Operating margin | 28.5% | 27.0% | 29.3% | 38.3% | 17.3% | 29.7% |
Fiscal years (4-quarter sums)FY21 $194.3M · FY22 $230.0M · FY23 $271.1M · FY24 $307.5M · FY25 $326.4M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.26B · Total debt $601.6M · Total assets $6.18B · Shareholders' equity $675.8M
Dividends
Raised for 2 straight years — most recently to $0.56 from $0.51 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 15 | $0.56 | |
| Apr 1, 2026 | Apr 1 | Apr 15 | $0.56 | |
| Jan 2, 2026 | Jan 2 | Jan 15 | $0.56 | raised from $0.51 |
| Oct 1, 2025 | Oct 1 | Oct 15 | $0.51 | |
| Jul 1, 2025 | Jul 1 | Jul 15 | $0.51 | |
| Apr 1, 2025 | Apr 1 | Apr 15 | $0.51 | |
| Jan 3, 2025 | Jan 3 | Jan 15 | $0.51 | raised from $0.45 |
| Oct 1, 2024 | Oct 1 | Oct 15 | $0.45 |
Ownership
Shares outstanding 11.89M · Float 11.29M · 95.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.65M | 13.85% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 716.1K | 6.02% | 13F | Aug 11, 2026 |
| First Financial Corp /IN/ | 631.1K | 5.31% | 13F | Jul 7, 2026 |
| State Street Corp | 520.1K | 4.37% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 489.6K | 4.12% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | James O. McDonald | director | +84 | $75.00 |
| Mar 2, 2026 | Mark Allen Franklin | officer: CHIEF LENDING OFFICER | −2,209 | $64.60 |
| Dec 4, 2025 | Susan M. Jensen | director | +28 | $60.23 |
| Jun 10, 2025 | Susan M. Jensen | director | +148 | $56.89 |
| Oct 13, 2025 | James O. McDonald | director | +2,295 | $52.25 |
Peers
- Old National Bancorp
Largest Indiana-headquartered bank; direct footprint overlap across IN, IL, KY, TN.
- First Merchants
Muncie, IN community-bank holding company overlapping Indiana and central Ohio.
- First Busey
Champaign, IL-based multi-state community bank; central Illinois head-to-head.
- German American Bancorp
Jasper, IN community-bank peer; closest match by size and community-bank ethos.
- FB Financial
Nashville-based multi-state bank with deep East Tennessee MSA presence.
- Stock Yards Bancorp
Louisville-based multi-state bank now bordering western Kentucky and southern Indiana.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Financial | $79.24 | +0.11% | $942.3M | 11.1 | 10.2 | 2.8 | +14.0% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| First Merchants | $41.93 | −0.02% | $2.63B | 13.4 | 9.9 | 2.4 | +23.2% |
| First Busey | $30.29 | 0.00% | $2.56B | 10.9 | 11.4 | 2.7 | −1.9% |
| German American Bancorp | $49.92 | −0.02% | $1.88B | 13.2 | 12.4 | 3.7 | +12.7% |
| FB Financial | $57.85 | +0.03% | $2.98B | 15.5 | 11.8 | 2.9 | +18.5% |
| Stock Yards Bancorp | $79.84 | −0.01% | $2.36B | 15.9 | 14.8 | 4.2 | +17.2% |
| Median | 13.3 | 11.6 | 2.8 | +15.0% |