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Sep 30, 2024
First Financial Q3 2024 Earnings Report
First Financial Corporation's third quarter results were impacted by the acquisition of SimplyBank, with net income decreasing compared to the same period last year.
Key Takeaways
First Financial Corporation reported a net income of $8.7 million for the third quarter of 2024, a decrease compared to $16.3 million for the same period in 2023. The quarter was marked by the acquisition of SimplyBank, which influenced the results due to purchase accounting adjustments and charges. Average total loans and total deposits both increased, primarily due to the SimplyBank acquisition.
Net income was $8.7 million, down from $16.3 million in Q3 2023.
Diluted net income per common share was $0.74, compared to $1.37 in Q3 2023.
The corporation closed its acquisition of SimplyBank during the quarter.
Net interest margin expanded during the quarter.
Revenue by Segment
Historical Earnings Impact
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