First Financial (THFF) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $19.8 million, up from $18.4 million in Q1 2025, with diluted EPS of $1.67 versus $1.55 year-over-year.

• Surpassed $6 billion in total assets and achieved a tenth consecutive quarter of loan growth.

• Completed the acquisition of CedarStone Financial, adding $292 million in loans and $313 million in deposits, and recorded a $716,000 bargain purchase gain.

Financial highlights

• Net interest income reached a record $56.9 million, up 9.5% year-over-year.

• Non-interest income was $11.2 million, up from $10.5 million in Q1 2025.

• Non-interest expense increased to $40.9 million from $36.8 million year-over-year.

• Pre-tax, pre-provision net income was $27.3 million, up from $25.7 million in Q1 2025.

• Provision for credit losses rose to $2.6 million from $2.0 million year-over-year.

• Net charge-offs were $1.5 million, down from $1.8 million in Q1 2025.

Outlook and guidance

• Management highlighted strong margin at 4.23% and stable credit quality.

• Continued focus on organic loan growth, especially in commercial and consumer auto segments.