8-K
FIRST FINANCIAL CORP /IN/ (THFF)
8-K
2024-09-03
For: 2024-09-03
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Added on
April 04, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 3, 2024
FIRST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number: 0-16759
| Indiana | 35-1546989 | |
|---|---|---|
| (State or other jurisdiction | (I.R.S. Employer | |
| incorporation or organization) | Identification No.) | |
| | | |
| One First Financial Plaza, Terre Haute, IN | 47807 | |
| (Address of principal executive office) | (Zip Code) | |
| | | |
| (812) 238-6000 | | |
| (Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
**☐**Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
**☐**Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
**☐**Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
|---|---|---|---|---|
| Common Stock, par value $0.125 per share | | THFF | | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Norman D. Lowery, President and Chief Executive Officer, Rodger A. McHargue, Senior Vice President and Chief Financial Officer, and Steve Panagouleas, Senior Vice President and Chief Credit Officer, of First Financial Corporation, Inc. will participate in the Raymond James US Bank and Banking on Tech Conferences being held September 3 – September 4, 2024, by hosting a series of meetings with investors on September 4, 2024.
Attached as Exhibit 99.1 is the information that will be provided to meeting participants. Such information is incorporated herein by reference.
The foregoing information is being furnished pursuant to this Item 7.01 and shall not be deemed to be “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition, this information shall not be deemed to be incorporated by reference into any of the Registrant’s filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits
The exhibit to this report is as follows:
| Exhibit Number | | |
|---|---|---|
| | | |
| 99.1 | | First Financial Corporation, Inc. Presentation dated September 3, 2024. |
| 104 | | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | First Financial Corporation |
|---|---|
| | |
| Dated September 3, 2024 | |
| | /s/ Rodger A. McHargue |
| | Rodger A. McHargue |
| | Secretary/Treasurer and Chief Financial Officer |
Exhibit 99.1
| : THFF |
|---|
| Forward-looking Information<br>This presentation contains future oral and written statements of the Company and its management, forward-looking statements within the meaning of the<br>Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and<br>business of the Company. Forward-looking statements are generally identifiable by the use of words such as “believe”, “expect”, “anticipate”, “estimate”,<br>“could”, and other similar expressions. All statements in this presentation, including forward-looking statements, speak only as of today’s date, and the<br>Company undertakes no obligation to update any statement in light of new information or future events.<br>A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its<br>forward-looking statements. Additional information is included in the Company’s filings with the Securities and Exchange Commission.<br>Factors that could have a material adverse effect on the Company’s financial condition, results of operations and future prospects can be found in the “Risk<br>Factors” section in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and elsewhere in the Company’s periodic and current<br>reports filed with the Securities and Exchange Commission.<br>These factors include, but are not limited to, the effects of future economic, business and market conditions and changes, domestic and foreign, including<br>competition, governmental policies and seasonality; legislative and regulatory changes, including changes in banking, securities and tax laws and regulations<br>and their application by Company regulators, and changes in the scope and cost of FDIC insurance and other coverages; the risks of changes in interest<br>rates on the levels, composition and costs of deposits, loan demand and other interest sensitive assets and liabilities; the failure of assumptions and<br>estimates underlying the establishment of reserves for possible loan losses, analysis of capital needs and other estimates; changes in borrowers’ credit risks<br>and payment behaviors; and changes in the availability and cost of credit and capital.<br>2 |
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| Norman D. Lowery<br>President & Chief Executive Officer<br>Rodger A. McHargue<br>Chief Financial Officer, SVP<br>Stephen P. Panagouleas<br>Chief Credit Officer, SVP<br>3 |
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| Illinois<br>26 Banking Centers<br>Indiana<br>22 Banking Centers<br>4 Loan Offices<br>Kentucky<br>16 Banking Centers<br>Tennessee<br>16 Banking Centers<br>3 Loan Offices<br>First Financial Corporation<br>Indiana’s first multi-bank holding company<br>Established 1984<br>90 Locations<br>83 full-service banking centers<br>7 loan production offices<br>$5.4 Billion in Assets<br>$1.9 Billion<br>Trust and Assets Under Management<br>First Financial Bank<br>Primary subsidiary founded in 1834<br>Oldest national bank in Indiana<br>5th oldest national bank in the U.S.<br>Terre Haute, Indiana<br>Headquarters<br>4<br>Georgia<br>3 Banking Centers |
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| Best Bank<br>Tribune-Star Readers’ Choice<br>Top 50<br>Best U.S. Bank<br>Bank Director Magazine<br>Our Vision<br>To enhance our clients’ abilities to spend, save, borrow and invest.<br>Our Mission<br>To deliver financial solutions that are simple, fast and easy.<br>Our Values<br>We build strong relationships and treat each other with dignity and respect.<br>We embrace the diversity of our customers and co-workers.<br>We apply the highest standards of excellence to everything we do.<br>We work as a team to deliver world-class customer service.<br>We get involved in our communities.<br>We recognize profitability is essential to our future success.<br>5<br>5-Star Rating<br>BauerFinancial<br>Best Ag Lender<br>Pennyrile's Best Magazine |
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| TBV<br>$0.00<br>$10.00<br>$20.00<br>$30.00<br>$40.00<br>$50.00<br>2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2Q24<br>10 YR CAGR 4.37%<br>Strong Capital<br>Key Capital Ratios and<br>Per Share Data<br>As of June 30, 2024 0.00%<br>3.50%<br>7.00%<br>10.50%<br>14.00%<br>17.50%<br>2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2Q24<br>TCE<br>Total Risk Based 15.81%<br>Tier 1 Risk Based 14.82%<br>Tier 1 Leverage 12.14%<br>Book Value $44.92<br>Tangible Book Value $37.12<br>6 |
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| 2.37 2.55<br>2.35<br>3.12<br>2.38<br>3.80 3.80 3.93 4.02<br>5.82<br>5.08<br>1.89<br> '-<br> 1.50<br> 3.00<br> 4.50<br> 6.00<br> 7.50<br>2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024<br>Earnings and Dividends Per Share<br> EPS Dividends Paid<br>10 YR CAGR 2013 - 2023<br>EPS 11.43%<br>Dividends 3.33%<br>History of Earnings and Dividend Growth<br>7 |
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| Announced Repurchase<br>Amount Shares Amount Completed<br>April 21, 2022 10% 1,243,531 In Progress **<br>July 21, 2021 5% 652,411 $28,335,713 3/4/22<br>October 29, 2020 5% 685,726 $29,300,476 6/25/21<br>February 3, 2016 5% 637,500 $21,677,750 11/30/20<br>August 25, 2014 5% 667,700 $21,627,262 8/19/15<br>**As of 06/30/2024 purchased 724,671 for $29,132,283. 518,860 shares remain.<br>History of Shares Repurchases<br>8 |
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| FFIEC BHC UBPR Data<br>• Centralized committee structure<br>• We are an in-market lender to clients<br>• Disciplined underwriting<br>Net Charge-offs<br>0.05%<br>0.07% 0.06% 0.05%<br>0.15%<br>0.00%<br>0.04%<br>0.08%<br>0.11%<br>0.15%<br> '-<br> 800<br> 1,600<br> 2,400<br> 3,200<br> 4,000<br> 4,800<br> 5,600<br>2Q23 3Q23 4Q23 1Q24 2Q24<br> Dollar ($000) % Total Loans<br>1.29% 1.28%<br>1.26% 1.25%<br>1.20%<br>1.13%<br>1.25%<br>1.38%<br> 38,250<br> 38,500<br> 38,750<br> 39,000<br> 39,250<br> 39,500<br> 39,750<br> 40,000<br>2Q23 3Q23 4Q23 1Q24 2Q24<br>Amount ($000) % Total Loans<br>Reserves / Loans<br>Non-Performing Assets<br>NPA ($000) Total NPAS/<br>Loans<br>2Q23 16,302 0.52%<br>3Q23 15,671 0.40%<br>4Q23 24,556 0.78%<br>1Q24 24,252 0.76%<br>2Q24 15,916 0.50%<br>Strong Asset Quality<br>9 |
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| FFIEC BHC UBPR Data<br>Return on Assets<br>1.61<br>1.22 1.32<br>1.12 1.00<br>0.88 0.93 0.91 0.84<br>0.91 0.93 0.9 0.9 0.98 0.94<br>0.79 0.71<br>0.72<br> '-<br>2016 2017 2018 2019 2020 2021 2022 2023 2Q24<br>FFC Peer<br>Non-interest Income % Avg Assets<br>FFIEC BHC UBPR Data<br>1.30<br>0.98<br>1.56<br>1.42<br>1.25<br>1.10<br>1.41 1.22<br>0.93<br>0.92 0.95<br>1.22 1.19<br>0.97<br>1.25 1.17<br>1.06<br>1.01<br> '-<br>2016 2017 2018 2019 2020 2021 2022 2023 2Q24<br>FFC Peer<br>Better than Peer Performance<br>10 |
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| Net Interest Income<br>Loan Growth Driving Growth in Income<br>107,857 116,579<br>131,652<br>146,346 143,401<br>165,042 167,262<br>78,214<br>4.11<br>4.32 4.25<br>4.05<br>3.2<br>3.55<br>3.78<br>3.55<br> 2.00<br> 3.00<br> 4.00<br> 5.00<br> 6.00<br> '-<br> 42,500<br> 85,000<br> 127,500<br> 170,000<br> 212,500<br>2017 2018 2019 2020 2021 2022 2023 2Q24<br>12.37% CAGR NII NIM<br>$’s in (000’s)<br>11 |
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| Balance ($000) Commercial Loans By State<br>Total $3,703,385<br>Diversified Loan Portfolio<br>As of 7/31/24<br>12<br>Loan Portfolio<br>Commercial<br>70.05%<br>Consumer<br>21.89%<br>Residential<br>8.06%<br>Commercial<br>$2,594,151<br>Consumer<br>$810,741<br>Residential<br>$298,493<br>IN<br>41.55%<br>IL<br>9.83%<br>KY<br>11.36%<br>TN<br>27.28%<br>GA<br>1.88%<br>Other<br>8.10% |
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| Total Loans $810,741,317<br>97.14% Secured Consumer Loans<br>66.9% ≥ 700 FICO<br>19.0% ≥ 650 to 699<br>10.2% ≥ 600 to 650<br>3.9% < 600 (Includes No Score)<br>68.85% Indirect Auto ($558,197,844)<br>13.1% New ($73,181,673)<br>86.9% Used ($485,016,171)<br>Asset Quality<br>30 – 89 day YTD Average<br> Past Due 1.395%<br>Consumer Loan Portfolio<br>As of 7/31/24<br>13<br>$135,639,652<br>HELOC<br>16.73%<br>$93,752,704<br>Direct Auto<br>11.56%<br>$558,197,844<br>Indirect Auto<br>68.85%<br>$17,817,398<br>Other<br>2.20%<br>$5,333,719<br>Credit Card<br>0.66% |
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| $165,765,278<br>$95,019,127<br>14<br>Mortgage Loan Portfolio<br>As of 7/31/24<br>Total Loans $264,393,582<br>58% YTD Production Sold<br>• Average New Production LTV 77.2%<br>• Average New Production FICO 728<br>• Primarily in-market lender<br>Portfolio<br>• Underwritten to FHLMC Guidelines<br>• Average credit score 738<br>• Average DTI 32%<br>• Average Amortized LTV 67.8%<br>• Updated LTV 51.5%<br>Asset Quality<br>• YTD average past due 1.36%<br>Fixed<br>35.96%<br>Adjustable $95,019,127<br>64.04%<br>$165,765,278 |
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| Residential/Multi- Family<br>40.93%<br>Commercial Income<br>Property<br>21.36%<br>NOO Retail/Restaurants<br>11.42%<br>Hotels and Motels 5.75%<br>Owner Occupied CRE 8.42%<br>Residential & Non-Residential<br>Property Managers 3.51%<br>Lessors of Other Real Estate<br>Property 6.62%<br>Mini-warehouses/Self Storage 1.27%<br>Single Family<br>Housing/Subdivisions<br>0.54%<br>Land Development 0.18%<br>Commercial Real Estate Loan Mix<br>As a % of CRE(Period Ended 6/30/24)<br>15<br>Residential/Multi-family $474,552,650<br>Commercial Income Property $247,702,683<br>NOO Retail $132,455,294<br>Owner Occupied CRE $97,614,216<br>Lessors of Other Real<br> Estate Property $76,734,379<br>Hotel/Motel $66,696,916<br>Residential & Non-Residential<br> Property Management $40,642,500<br>Mini-warehouse/Self-Storage $14,740,114<br>Single Family Housing $6,265,965<br>Land Development $2,107,370<br>Total $1,159,512,087<br>Total Commercial<br>Real Estate Loans |
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| Residential/Multi- Family<br>41.86%<br>Commercial Income<br>Property<br>12.31%<br>NOO Retail/Restaurants<br>12.86%<br>Hotels and Motels 7.45%<br>Owner Occupied CRE<br>12.03%<br>Residential & Non-Residential<br>Property Managers 3.20%<br>Lessors of Other Real Estate<br>Property 6.25%<br>Mini-warehouses/Self Storage 1.31%<br>Single Family<br>Housing/Subdivisions<br>0.52%<br>Land Development 2.19%<br>Commercial Real Estate Loan Mix<br>As a % of CRE(Period Ended 7/31/24)<br>16<br>Total Commercial<br>Real Estate Loans<br>Residential/Multi-family $593,337,102<br>NOO Retail $182,264,167<br>Commercial Income Property $174,497,539<br>Owner Occupied CRE $170,564,064<br>Hotel/Motel $105,621,517<br>Lessors of Other Real<br> Estate Property $88,573,198<br>Residential & Non-Residential<br> Property Management $45,334,481<br>Land Development $31,061,657<br>Mini-warehouse/Self-Storage $18,635,703<br>Single Family Housing $7,390,364<br>Total $1,417,279,792 |
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| Agriculture 26.428%<br>Construction<br>6.886%<br>Health Services<br>6.950%<br>Banking & Financial Services<br>4.447%<br>Floor Plan & Auto Industry<br>4.215%<br>Retail Eating Establishments<br>1.709%<br>Other Retail+Convenience<br>4.732%<br>Transportation & Utilities<br>3.993%<br>Manufacturing 3.178%<br>Personal Services 9.788%<br>Government Entities 8.309%<br>Schools 2.013%<br>Forestry, Oil/Gas & Energy 5.290%<br>Religious Organizations 1.250%<br>Amusement & Recreation 1.684%<br>Wholesale Distribution 2.637%<br>All All Other 6.492%<br>17<br>Commercial & Industrial Loan Mix<br>As a % of Total C & I Loans (Period Ended 6/30/24)<br>Agriculture 26.428% $257,806,625<br>Personal Services 9.788% $95,485,350<br>Government Entities 8.309% $81,055,623<br>Health Services 6.950% $67,796,521<br>Construction 6.886% $67,175,327<br>Other Retail + Convenience 4.732% $46,161,664<br>Transportation & Utilities 3.993% $38,951,102<br>Floor Plans & Auto Industry 4.215% $41,122,442<br>Banking & Financial Services 4.447% $43,379,720<br>Forestry, Oil, Gas & Energy 5.290% $51,605,541<br>Manufacturing 3.178% $31,000,834<br>Wholesale Distribution 2.637% $25,725,773<br>Schools 2.013% $19,637,168<br>Amusement & Recreation 1.684% $16,428,871<br>Religious Organizations 1.250% $12,190,733<br>Retail Eating Establishments 1.709% $16,670,188<br>All Other 6.492% $63,327,725<br>Total 100.000% $975,521,206 |
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| Agriculture 22.037%<br>Construction<br>9.760%<br>Health Services<br>6.571%<br>Banking & Financial Services<br>3.738%<br>Floor Plan & Auto Industry<br>3.603%<br>Retail Eating Establishments<br>2.691%<br>Other Retail+Convenience<br>4.838%<br>Transportation & Utilities<br>4.571%<br>Manufacturing 4.190%<br>Personal Services 12.675%<br>Government Entities 6.784%<br>Schools 1.606%<br>Forestry, Oil/Gas & Energy 4.137%<br>Religious Organizations 1.297%<br>Amusement & Recreation 2.171%<br>Wholesale Distribution 2.367%<br>All All Other 6.963%<br>18<br>Commercial & Industrial Loan Mix<br>As a % of Total C & I Loans (Period Ended 7/31/24)<br>Agriculture 22.037% $259,352,880<br>Personal Services 12.675% $149,166,239<br>Construction 9.760% $114,862,116<br>Government Entities 6.784% $79,839,522<br>Health Services 6.571% $77,326,505<br>Other Retail + Convenience 4.838% $56,932,511<br>Transportation & Utilities 4.571% $53,800,248<br>Manufacturing 4.190% $49,312,032<br>Forestry, Oil, Gas & Energy 4.137% $48,903,641<br>Banking & Financial Services 3.738% $43,995,875<br>Floor Plans & Auto Industry 3.603% $42,405,866<br>Retail Eating Establishments 2.691% $31,668,532<br>Wholesale Distribution 2.367% $27,859,481<br>Amusement & Recreation 2.171% $25,555,241<br>Schools 1.606% $18,903,641<br>Religious Organizations 1.297% $15,264,854<br>All Other 6.963% $81,941,189<br>Total 100.000% $1,176,871,207 |
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| Commercial Production Pipeline<br>As of 07/31/24<br>19<br>Region Pipeline New Money<br>Central $145,376,988 $73,430,861<br>West $162,734,845 $108,077,817<br>Southern $144,357,734 $134,186,764<br>Mid-South $288,231,225 $156,898,363<br>Indy / Ft. Wayne<br>LPO $233,252,884 $190,995,978<br>East TN $33,173,991 $32,843,963<br>Total $1,007,127,667 $696,433,746<br>Production YTD Current Pipeline Dollars<br>Region<br>Term<br>Production Line Production<br>Central $53,060,761 $11,877,275<br>West $26,636,876 $3,575,000<br>Southern $50,055,581 $23,258,250<br>Mid-South $66,238,098 $11,978,052<br>Indy / Ft. Wayne<br>LPO $57,382,499 $1,000,000<br>East TN N/A N/A<br>Total $253,373,815 $51,688,577<br>Region Pipeline $<br>Terre Haute Market Area $27,454,188<br>Champaign, IL MSA<br>Bloomington, IL MSA $35,286,000<br>Vincennes Market Area $78,286,999<br>Clarksville, TN / Nashville, TN<br>/ Murfreesboro, TN $81,692,243<br>Central Indiana / Indpls. MSA $112,560,334<br>Chattanooga/Knoxville $40,732,020<br>All Other Markets $320,421,962<br>Total $696,433,746<br>Current New Money<br>Pipeline by Location |
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| Strong Core Deposit Franchise<br>Deposit Mix<br>0.63%<br>0.38%<br>0.25%0.19%0.16%0.17%0.25%<br>0.37%<br>0.56%<br>0.36%<br>0.20%<br>0.38%<br>1.26%<br>1.83%<br>0.00%<br>0.45%<br>0.90%<br>1.35%<br>1.80%<br>2.25%<br>2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD<br>2024<br>Cost of Deposits<br>0.16 0.23 0.32 0.50 0.32 0.18 0.36 1.23 1.69<br>0.45 0.54<br>0.75<br>0.95<br>0.54<br>0.20<br>0.44<br>1.74<br>2.06<br> '-<br> 0.40<br> 0.80<br> 1.20<br> 1.60<br> 2.00<br> 2.40<br>2016 2017 2018 2019 2020 2021 2022 2023 2Q24<br>YTD<br>BHC UBPR Interest Expense<br>FFC Peer<br>FFIEC BHC UBPR Data<br>Non-interest<br>bearing<br>Demand &<br>Savings<br>Time<br>69.1%<br>18.1%<br>12.8<br>Brokered CDs,<br>0.0%<br>Average account tenure 13.5 years<br>Estimated uninsured deposits as 38.0% of total deposits<br>Estimated uninsured less collateralized as 20.3% total deposits<br>Cycle to date deposit beta 33.87%<br>20 |
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| $90,308 $88,747 $91,289<br>$104,348<br>$112,758$117,406<br>$126,023$130,176<br>$66,072<br>0<br>32500<br>65000<br>97500<br>130000<br>162500<br>2016 2017 2018 2019 2020 2021 2022 2023 2Q24<br>59.4<br>61.62<br>58.43<br>61.23 59.87<br>63.33<br>59.51<br>65.26<br>68.42<br>62.21<br>61.22 61.65 61.22 60.88<br>59.84<br>62.03<br>45.0<br>51.0<br>57.0<br>63.0<br>69.0<br>75.0<br>2016 2017 2018 2019 2020 2021 2022 2Q24<br>FFC Peer FFIEC BHC UBPR Data<br>Non-interest Expense Efficiency<br>Acquired HopFed Bancorp on 7/27/2019<br>Acquired Hancock Bancorp on 11/5/2021<br>Disciplined Expense Management<br>21 |
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| $1.9 Billion Trust Assets<br>Under Management<br>Trust & Asset<br>Management 2022 2023<br>Revenue ($000) 5,155 5,155<br>Income before Tax 1,586 1,258<br>Trust and Asset Management<br>22<br>Trust Services include:<br>• Professional Farm Management<br>• Trust Administration<br>• Estate Administration<br>• Retirement Services<br>• Corporate Trust Services |
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| Well-positioned for sustainable and profitable growth<br>• Diversified business model with strong risk management<br>• High-caliber team members focused on customer service and<br>technology optimization<br>• Expanding presence in larger growth markets<br>• Commercial banking focus with quality core deposits<br>• Demonstrated ability to successfully complete mergers and<br>acquisitions<br>• Unblemished track record of delivering shareholder value<br>• Over 30 consecutive years of increased shareholder dividends<br>Key Investment Points<br>23 |
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| 2020 2021 2022 2023 2Q24<br>Net Interest Income 146,346 143,401 165,042 167,262 78,213<br>Provision 10,528 2,466 <2,025> 7,295 4,766<br>Non-interest Income 42,476 42,084 46,716 42,702 19,336<br>Non-interest Expense 112,758 117,406 126,023 130,176 66,072<br>Net Income 53,844 52,987 71,109 60,672 22,293<br>Earnings Per Share (diluted) 3.93 4.02 5.82 5.08 1.89<br>Total Assets 4,557,544 5,175,099 4,989,281 4,851,614 4,891,068<br>Net Interest Margin 4.05 3.20 3.54 3.78 3.55<br>Return on Average Assets 1.25 1.10 1.41 1.26 0.93<br>Return on Average Equity 9.07 8.87 14.37 12.47 8.57<br>Dollars in millions except per share data<br>4-Year Financial Highlights<br>24 |
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| Norman D. Lowery<br>President and CEO<br>lowerynd@first-online.com<br>812.238.6185<br>Rodger A. McHargue<br>Chief Financial Officer, SVP<br>rmchargue@first-online.com<br>812.238.6334<br>Stephen P. Panagouleas<br>Chief Credit Officer, SVP<br>spanagouleas@first-online.com<br>812.238.6431<br>Thank You!<br>: THFF |
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