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Mar 31, 2022
First Financial Q1 2022 Earnings Report
Reported first quarter results with increased net income and earnings per share.
Key Takeaways
First Financial Corporation reported a strong first quarter with net income of $20.9 million, a significant increase compared to $12.9 million in the same period last year. Diluted earnings per share also rose to $1.67 from $0.95 year-over-year. The corporation saw growth in net interest income and maintained good credit quality.
Net income increased to $20.9 million compared to $12.9 million for the same period of 2021.
Diluted net income per common share rose to $1.67 compared to $0.95 for the same period of 2021.
Average total loans increased to $2.78 billion versus $2.64 billion for the comparable period in 2021.
Average total deposits increased to $4.43 billion versus $3.82 billion as of March 31, 2021.
Forward Guidance
First quarter results showed strong profitability measures with consecutive quarters of growth in net interest income and muted credit related costs, while credit quality remained very good.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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