First Financial (THFF) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $22.7M, up from $18.6M in Q2 2025; six-month net income rose to $42.5M from $37.0M year-over-year.

• Basic and diluted EPS increased to $1.91 for Q2 2026 (from $1.57) and $3.58 for the first half (from $3.12).

• Return on average assets was 1.48% for Q2 2026, and return on average equity was 13.71%.

• Completed acquisition of CedarStone Financial in March 2026, adding $292M in loans and $313M in deposits.

Financial highlights

• Net interest income for Q2 2026 was $61.2M, up from $52.7M in Q2 2025; net interest margin rose to 4.33%.

• Non-interest income for Q2 2026 was $10.6M, slightly up from $10.4M in Q2 2025.

• Non-interest expense increased to $42.5M in Q2 2026 from $38.3M in Q2 2025, reflecting acquisition-related costs.

• Efficiency ratio improved to 57.95% from 59.37% year-over-year.

• Provision for credit losses was $1.3M in Q2 2026, down from $2.0M in Q2 2025.

Outlook and guidance

• Management believes liquidity and capital positions are strong and adequate for both short- and long-term needs.

• The company is proactively managing risks related to interest rates, economic uncertainty, and industry events.

• Management highlighted strong profitability and net interest margin, with continued focus on loan growth and operational efficiency.