First Financial Corporation (NASDAQ:THFF) announced strong results for Q3 2025. Net income was $20.8 million, diluted net income per common share was $1.75, return on average assets was 1.48%, and provision for credit losses was $2.0 million. Total loans outstanding were $3.97 billion, representing an increase of $252 million from Q3 2024.

For the nine months ended September 30, 2025, First Financial Corporation reported a net income of $57.8 million, diluted net income per common share of $4.87, and a return on average assets of 1.39%. Total deposits decreased to $4.62 billion, and shareholders’ equity increased to $622.2 million.

President and CEO Norman D. Lowery expressed satisfaction with the performance, noting eight consecutive quarters of loan growth. Net interest income reached a record $54.6 million, with a net margin of 4.25%. Shareholders’ equity increased to $622.2 million, and book value per share rose to $52.50.

Total nonperforming loans as of September 30, 2025, were $19.3 million, with nonperforming loans to total loans and leases at 0.49%. The provision for credit losses in Q3 2025 was $2.0 million, down from $9.4 million in the same period in 2024. Net charge-offs were $1.6 million compared to $4.6 million in Q3 2024.

First Financial Corporation’s tangible common equity to tangible asset ratio was 9.12% at September 30, 2025, compared to 8.33% at September 30, 2024. The corporation’s efficiency ratio improved to 56.63%, and income tax expense for Q3 2025 was $5.0 million, resulting in an effective tax rate of 20.18%.

First Financial Corporation, the holding company for First Financial Bank N.A., operates 79 banking centers in multiple states. Key financial metrics include a return on average assets of 1.48%, net interest margin of 4.25%, and a tangible common equity to tangible asset ratio of 9.12% as of September 30, 2025.

Read more at GlobeNewswire: First Financial Corporation Reports Third Quarter Results