First Financial (THFF) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $20.8M, up from $8.7M in Q3 2024; nine-month net income rose to $57.8M from $31.0M year-over-year.

• Basic and diluted EPS increased to $1.75 for Q3 2025 (from $0.74) and $4.87 for nine months (from $2.63).

• Return on average assets improved to 1.48% for Q3 2025 from 0.64% in Q3 2024.

• Pre-tax, pre-provision net income for Q3 2025 was $27.7M, up from $19.9M in Q3 2024.

• Results include the acquisition of SimplyBank, completed July 1, 2024.

Financial highlights

• Net interest income for Q3 2025 was $54.6M, up 15.8% year-over-year; net interest margin rose to 4.25% from 3.78%.

• Non-interest income for Q3 2025 was $11.1M, nearly flat year-over-year.

• Non-interest expense for Q3 2025 was $38.0M, down from $38.6M in Q3 2024.

• Provision for credit losses for Q3 2025 was $2.0M, down from $9.4M in Q3 2024.

• Efficiency ratio improved to 56.63% in Q3 2025 from 64.43% in Q3 2024.

Outlook and guidance

• Management believes liquidity and capital positions are strong and adequate for both short- and long-term needs.

• Management anticipates further net interest margin expansion and continued robust loan growth.

• No material changes in risk factors or forward-looking statements from prior filings.