First Financial (THFF) Posts Q1 EPS of $1.08

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Go back to First Financial (THFF) Posts Q1 EPS of $1.08

First Financial Corporation Reports 1st Quarter Results

April 27, 2016 3:39 PM EDT

TERRE HAUTE, IN  -- (Marketwired) -- 04/27/16 -- First Financial Corporation (NASDAQ: THFF) today announced results for the first quarter of 2016. Net income for the three months ending March 31, 2016 increased 76.2% to $13.68 million compared to $7.76 million for the same period of 2015. The increase included an after-tax gain on the sale of the Corporation's insurance subsidiary of $5.84 million. Diluted net income per common share increased 80.0% to $1.08 from $0.60 for the comparable period of 2015.

Return on assets for the three months ended March 31, 2016 was 1.85% compared to 1.04% for the three months ended March 31, 2015.

Total loans outstanding increased $7.1 million, or .40%,... More