First Financial Hits Record Annual Profit

(photo courtesy Southwest Indiana Chamber)

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Terre Haute-based First Financial Corp. (Nasdaq: THFF) is reporting record full-year net income of $48.9 million in 2019, up from $46.6 million the previous year. The bank says its acquisition of HopFed Bancorp Inc. in Kentucky contributed to the record results.

The parent of First Financial Bank is also reporting fourth quarter net income of $14.4 million, up from $11 million during the fourth quarter of 2018.

“We are very pleased to have record net income for the second year in a row,” said Norman Lowery, chief executive officer of First Financial. “We continue to grow our loans and deposits, and our asset quality remains good. We are excited about the growth opportunities in our new markets.”

You can connect to the full earnings report by clicking here.