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Sep 30, 2023
First Financial Q3 2023 Earnings Report
Reported decrease in net income and earnings per share, while maintaining stable credit quality.
Key Takeaways
First Financial Corporation reported a net income of $16.3 million for the third quarter of 2023, a decrease compared to $18.1 million for the same period in 2022. Diluted net income per common share was $1.37, down from $1.50 in the prior year. Despite the challenging environment, credit quality remained stable, and the company maintained a disciplined approach to expense management.
Net income decreased to $16.3 million compared to $18.1 million in Q3 2022.
Diluted earnings per share fell to $1.37 from $1.50 in the same period last year.
Average total loans increased to $3.15 billion, up from $2.92 billion in Q3 2022.
Net interest income decreased to $41.2 million compared to $43.1 million in Q3 2022.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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