First Financial (THFF) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $21.5M, up from $16.2M in Q4 2024; full-year net income reached $79.2M, up from $47.3M year-over-year.

• Diluted EPS for Q4 2025 was $1.81, up from $1.37; full-year EPS was $6.68, up from $4.00 year-over-year.

• Achieved ninth consecutive quarter of loan growth, surpassing $4B in loans for the first time.

• Record net interest income and net income for 2025, with strong capital positioning entering 2026.

Financial highlights

• Net interest income for Q4 2025 was a record $60.6M, up 22.2% year-over-year; full-year net interest income was $219.9M, up from $175.0M.

• Net interest margin for Q4 2025 was 4.66%, up from 3.94% in Q4 2024.

• Provision for credit losses in Q4 2025 was $2.4M, up from $2.0M; full-year provision was $8.2M, down from $16.2M.

• Non-interest income for Q4 2025 was $9.9M, down from $12.2M, impacted by $4.6M in investment portfolio restructuring losses.

• Non-interest expense for Q4 2025 was $41.8M, up from $39.8M, including $1.4M in acquisition-related costs and $1.3M in one-time expenses.

Outlook and guidance

• Management expressed confidence in continued momentum and strong capital entering 2026.