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