First Financial Corporation Indiana (THFF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of First Financial Corporation Indiana stock $57.16, price $76.24, that is 25.0% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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First Financial Corporation Indiana
THFF · USOur calculation puts a fair price 25% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $27.72 – $82.16 · fair‑value band $49.96 – $74.20 · the $76.24 price screens above the $57.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
First Financial Corporation operates as the bank holding company for First Financial Bank N.A. that provides various financial services for individuals and businesses in west-central Indiana, east-central Illinois, western Kentucky, central and eastern Tennessee, and northern Georgia in the United States.
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The company offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits; checking and savings accounts; personal and business certificates of deposit; and digital banking services.
It also provides commercial loans primarily to expand a business or finance asset purchases; real estate mortgages, including residential real estate and residential real estate construction loans; home equity loans and lines, secured loans, cash/CD secured loans, and unsecured loans; mortgage refinance; personal and auto loans; and credit cards.
In addition, the company offers lease financing, trust account, and depositor services; business services, including accounts receivable and payable, merchant services, fraud protection, money management, and workplace rewards; and wealth services.
The company was formerly known as Terre Haute First Corporation and changed its name to First Financial Corporation in December 1984. First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.
Stock analysis
First Financial Corporation Indiana (THFF) currently trades at $76.24, while our model-based Fair Value estimate is $57.16, 25% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $72.80 per share, and 1 of the 6 models we run sit above the $76.24 price.
Bear case: the Dividend Discount group reads lowest at $29.78, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $49.96 (bear) to $74.20 (bull), the price of $76.24 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
First Financial Corporation Indiana reported revenue of $326M in FY2025 versus $194M in FY2021, a compound +13.9%/yr. Reported net income was $79.2M in FY2025, compounding +10.6%/yr from FY2021.
Key figures
Market cap $907M Small · P/E ratio 9.9 · P/S ratio 3.24 · EPS (TTM) $7.70 · Dividend yield 2.9% · Net margin 32.6% · Return on equity 14.3% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −25%, THFF screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director bought shares worth $12,698, on Oct 16, 2026.
- BuyJames O McDonaldDirector2× since Jul 16, 2026: 171 shares, avg. $74.28$12,698Oct 16, 2026
- SaleMark Allen FranklinCHIEF LENDING OFFICER2,209 shares at $64.60$142,701Mar 2, 2026
- BuySusan M JensenDirector28 shares at $60.23$1,686Dec 4, 2025
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
THFF screens overvalued: fair value 25% below the price. Compare with China Merchants Bank Co →
Compare First Financial Corporation Indiana with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/B ratio by industry
- Net margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs THFF |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs THFF |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs THFF |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs THFF |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs THFF |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs THFF |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs THFF |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs THFF |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs THFF |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs THFF |
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Frequently asked questions
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Key figures of First Financial Corporation Indiana
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