First Financial: A Middle-Of-The-Pack Prospect

(11min)

Summary

  • First Financial Corporation, a small Indiana-based financial holding firm, has seen mixed financial results and recent profitability disappointments, leading to a 'hold' rating.
  • Despite growth in loans and deposits due to the SimplyBank acquisition, the company's valuation and asset quality are not particularly compelling.
  • Net interest income has declined, and non-interest income remains stagnant, with rising non-interest expenses further impacting net profits.
  • First Financial's price-to-earnings and price-to-book multiples suggest it is fairly valued but not a standout compared to peers, justifying a 'hold' rating.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

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Those who know my writing know that I am always on the lookout for new and interesting companies to dig into. One firm that was recommended to me is none other than First Financial Corporation (

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This article was written by

Daniel Jones profile picture
32.55K Followers

Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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