First Financial Corporation (THFF) Balance Sheet
THFF balance sheet, 2025
December 31, 2025 · U.S. dollars$5.76B assets = $5.11B liabilities + $650.9M equity
Both columns are drawn to the same scale: what THFF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
THFF financial health
Descriptive bands, not a rating. Fiscal 2025.
THFF balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.99B2016 | $5.76B2025 | +7.6%/yr | |
| Total liabilities | $2.57B2016 | $5.11B2025 | +7.9%/yr | |
| Shareholders’ equity | $414.4M2016 | $650.9M2025 | +5.1%/yr | |
| Cash & short-term investments | $928.7M2016 | $825.3M2025 | −1.3%/yr | |
| Total debt | $162.1M2016 | $480.7M2025 | +12.8%/yr | |
| Net cash (debt) | $766.6M2016 | $344.6M2025 | −$422.0M | |
| Working capital | −$1.65B2016 | −$3.99B2025 | −$2.3B | |
| Book value per share | $33.642016 | $54.912025 | +5.6%/yr | |
| Debt / equity | 0.392016 | 0.742025 | +0.35 | |
| Shares outstanding | 12.3M2016 | 11.9M2025 | −0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
THFF assets
THFF liabilities and equity
THFF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
THFF balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $825.3M | $820.5M | $1.34B | $1.55B | $2.05B | $1.68B | $1.05B | $859.3M | $889.0M | $928.7M |
| Cash & equivalents | $130.4M | $93.5M | $76.8M | $222.5M | $688.0M | $657.5M | $127.4M | $74.4M | $74.1M | $75.0M |
| Short-term investments | $695.0M | $727.0M | $1.26B | $1.33B | $1.36B | $1.02B | $926.7M | $784.9M | $814.9M | $853.7M |
| Receivables | $27.8M | $26.9M | $24.9M | $21.3M | $16.9M | $17.0M | $18.5M | $14.0M | $12.9M | $12.3M |
| Inventory | $0 | $0 | $51.9M | $337,000 | −$700.2M | −$675.7M | −$157.1M | $603,000 | $1.9M | $2.5M |
| Other current assets | $0 | $0 | $0 | $0 | $700.2M | $675.7M | $157.1M | $0 | $0 | $0 |
| Total current assets | $853.1M | $847.4M | $1.36B | $1.57B | $2.06B | $1.70B | $1.07B | $873.3M | $902.0M | $941.0M |
| Property, plant & equipment (net) | $78.6M | $89.2M | $67.3M | $66.1M | $69.5M | $62.1M | $62.6M | $46.6M | $48.3M | $49.2M |
| Goodwill & intangible assets | $114.5M | $121.6M | $92.6M | $93.7M | $94.2M | $87.6M | $89.2M | $35.6M | $36.0M | $36.5M |
| Long-term investments | $1.15B | $1.20B | $1.26B | $1.33B | $1.36B | $1.0M | $3.6M | $603,000 | $1.9M | $2.5M |
| Other non-current assets | $3.56B | $3.31B | $2.07B | $1.92B | $1.58B | $2.71B | $2.80B | $2.05B | $2.01B | $1.96B |
| Total assets | $5.76B | $5.56B | $4.85B | $4.99B | $5.18B | $4.56B | $4.02B | $3.01B | $3.00B | $2.99B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $4.37B | $4.41B | $3.76B | $3.28B | $2.44B | $2.46B | $2.43B |
| Short-term debt | $292.5M | $187.1M | $67.2M | $70.9M | $93.4M | $116.1M | $80.1M | $69.7M | $115.4M | $162.0M |
| Total current liabilities | $4.84B | $4.91B | $4.16B | $4.44B | $4.50B | $116.1M | $80.1M | $2.51B | $2.57B | $2.59B |
| Long-term debt | $188.2M | $28.1M | $108.6M | $9.6M | $15.9M | $5.9M | $31.0M | $0 | $0 | $132,000 |
| Lease obligations | — | — | — | — | $6.2M | $5.8M | — | — | — | — |
| Other long-term liabilities | $73.5M | $77.2M | $57.3M | $64.7M | $73.6M | $5.8M | $0 | $59.6M | $13.1M | $0 |
| Total liabilities | $5.11B | $5.01B | $4.32B | $4.51B | $4.59B | $3.96B | $3.47B | $2.57B | $2.59B | $2.57B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $1.8M | $1.8M | $1.8M |
| Retained earnings (deficit) | $741.8M | $687.4M | $663.7M | $614.8M | $559.1M | $521.1M | $492.1M | $456.7M | $420.3M | $421.8M |
| Treasury stock | — | — | — | −$144.8M | −$118.1M | −$76.7M | −$68.6M | −$69.2M | −$69.4M | −$69.6M |
| Accumulated other comprehensive income | −$86.7M | −$132.3M | −$127.1M | −$140.0M | −$2.4M | $9.8M | −$7.5M | −$23.5M | −$14.7M | −$14.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $650.9M | $549.0M | $528.0M | $475.3M | $582.6M | $597.0M | $557.6M | $442.7M | $413.6M | $414.4M |
| Key figures | ||||||||||
| Total debt | $480.7M | $215.2M | $175.8M | $80.5M | $115.5M | $121.9M | $111.1M | $69.7M | $115.4M | $162.1M |
| Net cash (debt) | $344.6M | $605.3M | $1.16B | $1.47B | $1.93B | $1.56B | $943.1M | $789.6M | $773.7M | $766.6M |
| Working capital | −$3.99B | −$4.06B | −$2.80B | −$2.87B | −$2.44B | $1.58B | $992.5M | −$1.63B | −$1.67B | −$1.65B |
| Tangible book value | $536.4M | $427.5M | $435.4M | $381.6M | $488.4M | $509.4M | $468.4M | $407.1M | $377.6M | $377.9M |
| Book value per share | $54.91 | $46.48 | $44.23 | $38.92 | $44.17 | $43.53 | $43.34 | $36.12 | $33.83 | $33.64 |
| Shares outstanding | 11.9M | 11.8M | 11.9M | 12.2M | 13.2M | 13.7M | 12.9M | 12.3M | 12.2M | 12.3M |
| Current ratio | 0.18 | 0.17 | 0.33 | 0.35 | 0.46 | 14.61 | 13.39 | 0.35 | 0.35 | 0.36 |
| Quick ratio | 0.18 | 0.17 | 0.33 | 0.35 | 0.46 | 14.61 | 13.39 | 0.35 | 0.35 | 0.36 |
| Debt / equity | 0.74 | 0.39 | 0.33 | 0.17 | 0.20 | 0.20 | 0.20 | 0.16 | 0.28 | 0.39 |
| Equity / assets | 11.3% | 9.9% | 10.9% | 9.5% | 11.3% | 13.1% | 13.9% | 14.7% | 13.8% | 13.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.26B | $96.9M | $825.3M | $800.9M | $810.9M | $1.27B | $820.5M | $1.35B | $1.28B | $1.29B | $1.34B | $1.30B |
| Cash & equivalents | $96.6M | $96.9M | $130.4M | $87.4M | $97.3M | $86.2M | $93.5M | $77.3M | $75.1M | $69.2M | $76.8M | $74.7M |
| Short-term investments | $1.17B | $1.17B | $695.0M | $713.5M | $713.7M | $1.18B | $727.0M | $1.27B | $1.21B | $1.22B | $1.26B | $1.23B |
| Receivables | $28.3M | $27.9M | $27.8M | $26.5M | $25.9M | $25.6M | $26.9M | $25.4M | $23.7M | $23.9M | $24.9M | $22.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.37B | $51.3M | −$93.1M | $51.9M | −$98.0M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.37B | $0 | $93.1M | $0 | $98.0M |
| Total current assets | $1.29B | $124.8M | $853.1M | $827.5M | $836.8M | $1.29B | $847.4M | $1.38B | $1.30B | $1.31B | $1.36B | $1.32B |
| Property, plant & equipment (net) | $88.3M | $88.7M | $78.6M | $79.4M | $79.7M | $80.3M | $89.2M | $82.2M | $71.1M | $66.8M | $67.3M | $67.4M |
| Goodwill & intangible assets | $117.1M | $118.6M | $114.5M | $115.6M | $116.8M | $120.1M | $121.6M | $120.4M | $92.1M | $92.3M | $92.6M | $92.8M |
| Long-term investments | $1.17B | $1.17B | $1.15B | $1.19B | $1.17B | $1.18B | $1.20B | $1.27B | $1.21B | $1.22B | $1.26B | $1.23B |
| Other non-current assets | $3.51B | $4.63B | $3.56B | $3.46B | $3.40B | $2.87B | $3.31B | $2.63B | $2.22B | $2.16B | $2.07B | $2.08B |
| Total assets | $6.18B | $6.13B | $5.76B | $5.67B | $5.60B | $5.55B | $5.56B | $5.48B | $4.89B | $4.85B | $4.85B | $4.78B |
| Liabilities | ||||||||||||
| Short-term debt | $310.1M | $349.8M | $292.5M | $182.5M | $149.5M | $137.6M | $187.1M | $84.4M | $38.2M | $88.9M | $67.2M | $132.7M |
| Total current liabilities | $310.1M | $349.8M | $4.84B | $4.80B | $4.81B | $4.78B | $4.91B | $4.80B | $4.17B | $4.19B | $4.16B | $4.17B |
| Long-term debt | $291.5M | $208.8M | $188.2M | $170.5M | $122.7M | $124.9M | $28.1M | $30.5M | $108.6M | $58.6M | $108.6M | $84.6M |
| Other long-term liabilities | $4.90B | $4.91B | $73.5M | $79.2M | $80.2M | $74.6M | $77.2M | $86.4M | $81.3M | $79.3M | $57.3M | $56.3M |
| Total liabilities | $5.50B | $5.47B | $5.11B | $5.05B | $5.02B | $4.98B | $5.01B | $4.92B | $4.36B | $4.33B | $4.32B | $4.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M |
| Retained earnings (deficit) | $771.0M | $754.9M | $741.8M | $727.0M | $712.3M | $699.7M | $687.4M | $677.2M | $673.7M | $667.7M | $663.7M | $656.6M |
| Accumulated other comprehensive income | −$91.1M | −$95.3M | −$86.7M | −$98.6M | −$118.2M | −$121.2M | −$132.3M | −$102.8M | −$134.5M | −$138.1M | −$127.1M | −$176.0M |
| Total shareholders' equity | $675.8M | $655.3M | $650.9M | $622.2M | $587.7M | $571.9M | $549.0M | $566.0M | $530.7M | $520.8M | $528.0M | $470.2M |
| Key figures | ||||||||||||
| Total debt | $601.6M | $558.5M | $480.7M | $353.0M | $272.2M | $262.5M | $215.2M | $114.8M | $146.8M | $147.4M | $175.8M | $217.3M |
| Net cash (debt) | $663.3M | −$461.6M | $344.6M | $448.0M | $538.7M | $1.01B | $605.3M | $1.24B | $1.13B | $1.14B | $1.16B | $1.08B |
| Working capital | $983.1M | −$225.0M | −$3.99B | −$3.97B | −$3.98B | −$3.48B | −$4.06B | −$3.43B | −$2.87B | −$2.88B | −$2.80B | −$2.85B |
| Tangible book value | $558.7M | $536.7M | $536.4M | $506.6M | $470.9M | $451.9M | $427.5M | $445.5M | $438.6M | $428.4M | $435.4M | $377.4M |
| Book value per share | $56.83 | $55.14 | $54.91 | $52.52 | $49.59 | $48.30 | $46.49 | $47.93 | $44.92 | $44.12 | $44.23 | $39.51 |
| Shares outstanding | 11.9M | 11.9M | 11.9M | 11.8M | 11.9M | 11.8M | 11.8M | 11.8M | 11.8M | 11.8M | 11.9M | 11.9M |
| Current ratio | 4.17 | 0.36 | 0.18 | 0.17 | 0.17 | 0.27 | 0.17 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 |
| Quick ratio | 4.17 | 0.36 | 0.18 | 0.17 | 0.17 | 0.27 | 0.17 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 |
| Debt / equity | 0.89 | 0.85 | 0.74 | 0.57 | 0.46 | 0.46 | 0.39 | 0.20 | 0.28 | 0.28 | 0.33 | 0.46 |
| Equity / assets | 10.9% | 10.7% | 11.3% | 11.0% | 10.5% | 10.3% | 9.9% | 10.3% | 10.8% | 10.7% | 10.9% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
THFF financial position
At the end of fiscal 2025 (December 31, 2025), First Financial had total assets of $5.8 billion (up 3.5% from a year earlier), total liabilities of $5.1 billion and shareholders' equity of $650.9 million. It held $825.3 million in cash and short-term investments against $480.7 million of debt, a net cash position of $344.6 million. Its current ratio was 0.18. In the latest quarter (ended June 30, 2026) total assets were $6.2 billion and equity $675.8 million.
Related: THFF income statement, THFF cash flow statement, THFF key metrics. See the THFF stock overview for the latest quote and news.
THFF balance sheet FAQ
What are First Financial's total assets?
First Financial reported total assets of $5.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.6 billion a year earlier.
How much debt does First Financial have?
First Financial had $480.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.74.
How much cash does First Financial have?
First Financial held $825.3 million in cash and short-term investments at the end of fiscal 2025; with $480.7 million of debt that is net cash of $344.6 million.
What is First Financial's book value?
First Financial's shareholders' equity (book value) was $650.9 million at the end of fiscal 2025, or $54.91 per share.
What is First Financial's current ratio?
First Financial had current assets of $853.1 million and current liabilities of $4.8 billion, a current ratio of 0.18 (current liabilities exceed current assets).
How much goodwill does First Financial have?
First Financial carried $114.5 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2025.