First Financial Hits Record Profit

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TERRE HAUTE -

Terre Haute-based First Financial Corp. (Nasdaq: THFF) is reporting full-year net income of $38.4 million in 2016, up from $30.2 million the previous year. Chief Executive Officer Norman Lowery says the earnings represent the highest annual net income in the bank's history.

The bank is also reporting fourth quarter net income of $8.3 million, up from $7.1 million during the same period in 2015. The bank says the full-year increase is partially due to the sale of its insurance brokerage unit, Forrest Sherer Inc., to New York-based USI Insurance Services LLC. 

In August, First Financial was recognized by Bank Director magazine on its 2016 Bank Performance Scorecard.

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