First Financial Corporation (THFF) Income Statement
THFF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTHFF revenue and net income
Where THFF's revenue goes
2025Each bar shows an amount and its share of revenue. THFF kept 24.3% of revenue as net income.
THFF profit margins
THFF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.2% | +12.4% | +10.0% | +8.2% |
| Gross profit | +25.8% | +5.9% | +7.3% | +6.2% |
| Operating income | +73.8% | +4.2% | +8.7% | +9.4% |
| Net income | +67.5% | +3.7% | +8.0% | +10.1% |
| EPS (diluted) | +67.0% | +4.8% | +11.2% | +11.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
THFF quarterly EPS vs estimates
First Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.00).
THFF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $326.4M | $307.5M | $271.1M | $230.0M | $194.3M | $203.0M | $187.6M | $164.4M | $150.1M | $156.3M |
| Cost of revenue | $72.9M | $105.9M | $68.4M | $16.2M | $11.3M | $24.7M | $22.2M | $15.4M | $11.6M | $7.7M |
| Gross profit | $253.6M | $201.6M | $202.7M | $213.8M | $183.0M | $178.3M | $165.4M | $149.0M | $138.5M | $148.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $102.1M | $77.3M | $91.9M | $67.9M | $65.8M | $62.2M | $55.5M | $51.6M | $51.0M | $51.4M |
| Total operating expenses | $154.2M | $144.4M | $130.2M | $126.0M | $117.4M | $112.8M | $104.4M | $91.3M | $88.7M | $90.3M |
| Operating income | $99.4M | $57.2M | $72.5M | $87.8M | $65.6M | $65.5M | $61.0M | $57.7M | $49.8M | $58.3M |
| Interest income | $305.6M | $264.7M | $228.4M | $183.3M | $152.2M | $160.5M | $149.1M | $126.2M | $114.2M | $109.4M |
| Interest expense | $75.8M | $89.8M | $61.1M | $18.3M | $8.8M | $14.1M | $17.5M | $9.6M | $6.3M | $4.4M |
| Income before taxes | $99.4M | $57.2M | $72.5M | $87.8M | $65.6M | $65.5M | $61.0M | $57.7M | $49.8M | $58.3M |
| Income taxes | $20.1M | $9.9M | $11.8M | $16.7M | $12.6M | $11.7M | $12.1M | $11.1M | $20.6M | $19.9M |
| Net income | $79.2M | $47.3M | $60.7M | $71.1M | $53.0M | $53.8M | $48.9M | $46.6M | $29.1M | $38.4M |
| EBITDA | $111.6M | $67.1M | $79.0M | $93.9M | $71.8M | $71.6M | $65.8M | $61.9M | $54.2M | $63.3M |
| EPS (diluted) | $6.68 | $4.00 | $5.09 | $5.81 | $4.42 | $3.93 | $4.21 | $3.80 | $2.90 | $2.43 |
| Gross margin | 77.7% | 65.6% | 74.8% | 92.9% | 94.2% | 87.8% | 88.2% | 90.6% | 92.3% | 95.1% |
| Operating margin | 30.4% | 18.6% | 26.7% | 38.2% | 33.8% | 32.3% | 32.5% | 35.1% | 33.1% | 37.3% |
| Net margin | 24.3% | 15.4% | 22.4% | 30.9% | 27.3% | 26.5% | 26.1% | 28.3% | 19.4% | 24.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.9M | $77.9M | $70.5M | $87.8M | $84.6M | $83.5M | $85.1M | $82.9M | $70.7M | $68.8M | $70.0M | $70.3M |
| Cost of revenue | $24.3M | $21.0M | $2.4M | $24.0M | $23.5M | $23.0M | $25.3M | $33.9M | $24.4M | $22.3M | $21.6M | $18.8M |
| Gross profit | $70.6M | $56.9M | $68.2M | $63.8M | $61.1M | $60.5M | $59.8M | $49.0M | $46.2M | $46.6M | $48.3M | $51.6M |
| Sales, general & admin | $29.2M | $40.9M | $41.1M | $20.5M | $20.5M | $20.0M | $22.4M | $19.1M | $17.9M | $23.8M | $18.2M | $17.8M |
| Total operating expenses | $42.4M | $43.4M | $41.1M | $38.0M | $38.3M | $36.8M | $39.8M | $38.6M | $32.7M | $33.4M | $34.2M | $32.3M |
| Operating income | $28.1M | $13.5M | $27.0M | $25.8M | $22.8M | $23.8M | $20.0M | $10.4M | $13.6M | $13.1M | $14.1M | $19.3M |
| Interest income | $84.2M | $77.9M | $81.7M | $76.6M | $74.2M | $73.0M | $72.9M | $71.7M | $60.8M | $59.4M | $58.7M | $58.7M |
| Interest expense | $23.0M | $21.0M | $11.2M | $22.0M | $21.5M | $21.1M | $23.3M | $24.5M | $21.5M | $20.5M | $19.2M | $17.6M |
| Income before taxes | $28.0M | $24.7M | $27.0M | $25.8M | $22.8M | $23.8M | $20.0M | $10.4M | $13.6M | $13.1M | $14.1M | $19.3M |
| Income taxes | $5.3M | $4.9M | $5.5M | $5.0M | $4.2M | $5.4M | $3.8M | $1.7M | $2.2M | $2.2M | $1.7M | $3.0M |
| Net income | $22.7M | $19.8M | $21.5M | $20.8M | $18.6M | $18.4M | $16.2M | $8.7M | $11.4M | $10.9M | $12.4M | $16.3M |
| EBITDA | $30.6M | $16.3M | $30.1M | $28.4M | $26.0M | $27.0M | $23.3M | $13.7M | $15.2M | $14.8M | $15.7M | $21.0M |
| EPS (diluted) | $1.91 | $1.67 | $1.81 | $1.75 | $1.57 | $1.55 | $1.37 | $0.74 | $0.96 | $0.93 | $1.06 | $1.37 |
| Gross margin | 74.4% | 73.0% | 96.6% | 72.7% | 72.3% | 72.5% | 70.3% | 59.1% | 65.4% | 67.6% | 69.1% | 73.3% |
| Operating margin | 29.7% | 17.3% | 38.3% | 29.3% | 27.0% | 28.5% | 23.5% | 12.6% | 19.2% | 19.1% | 20.1% | 27.5% |
| Net margin | 24.0% | 25.4% | 30.4% | 23.6% | 22.0% | 22.0% | 19.1% | 10.5% | 16.1% | 15.9% | 17.7% | 23.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in THFF's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
THFF financial results
In fiscal year 2025 (ended December 31, 2025), First Financial reported revenue of $326.4 million, up 6.2% from the year before. It had net income of $79.2 million (up 67.5%), a net profit margin of 24.3%. Diluted earnings per share came to $6.68. Over five years revenue grew at an average rate of 10.0% a year.
See the THFF stock overview for the latest quote and news, or the THFF chart for price history and technical indicators.
THFF income statement FAQ
What is First Financial's annual revenue?
First Financial reported total revenue of $326.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.2% from $307.5 million the previous year.
Is First Financial profitable?
Yes. First Financial reported net income of $79.2 million in fiscal 2025, a net profit margin of 24.3%; its operating margin was 30.4%.
What is First Financial's gross margin?
First Financial's gross margin was 77.7% in fiscal 2025: for every $100 of revenue, First Financial kept $78 after the direct cost of its products and services.
How fast is First Financial growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from $203.0 million to $326.4 million.
What are First Financial's earnings per share?
First Financial earned $6.68 per diluted share in fiscal 2025, compared with $4.00 a year earlier.
When will First Financial report its next earnings?
First Financial is expected to report results for the quarter ending September 30, 2026 on October 27, 2026.
When does First Financial's fiscal year end?
First Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.