First Financial (First Financial) Credit Losses Provision : $7.3 Mil (As of Dec. 2023)

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What is First Financial Credit Losses Provision?

First Financial's credit losses provision for the three months ended in Dec. 2023 was $2.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $7.3 Mil.

First Financial's quarterly credit losses provision declined from Jun. 2023 ($1.8 Mil) to Sep. 2023 ($1.2 Mil) but then increased from Sep. 2023 ($1.2 Mil) to Dec. 2023 ($2.5 Mil).

First Financial's annual credit losses provision declined from Dec. 2021 ($2.5 Mil) to Dec. 2022 ($-2.0 Mil) but then increased from Dec. 2022 ($-2.0 Mil) to Dec. 2023 ($7.3 Mil).

First Financial Credit Losses Provision Historical Data

The historical data trend for First Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Financial Credit Losses Provision Chart

First Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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4.70

10.53

2.47

-2.03

7.30

First Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															2.73	1.80	1.80	1.20	2.50

First Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.3 Mil.

First Financial (First Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Corp (NAS:THFF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

One First Financial Plaza, Terre Haute, IN, USA, 47807

Website

https://www.first-online.com

First Financial Corp operates as a financial holding company, which is engaged in the provision of financial services in the United States. The company offers a wide variety of financial services including commercial, mortgage, and consumer lending, lease financing, trust account services, depositor services, and insurance services, through its subsidiaries. Its primary source of revenue is derived from loans to customers and investment activities.

Executives

Susan M Jensen	director	3935 NORTH RANDALL STREET, TERRE HAUTE IN 47805
Pierson Paul Joseph Ii	director	1214 LADBROOKE DRIVE, EVANSVILLE IN 47725
James O Mcdonald	director	8305 N COAL CREEK PLACE, WEST TERRE HAUTE IN 47885
William Randolph Krieble	director	6158 BIG STONE DR., INDIANAPOLIS IN 46234
Thomas T Dinkel	director	100 HAMILTON DR, TERRE HAUTE IN 47803
William Curtis Brighton	director	INDIANAPOLIS MOTOR SPEEDWAY, 4790 WEST 16TH STREET, INDIANAPOLIS IN 46222
Tina Jane Maher	director	2000 BOLTON ROAD, WEST TERRE HAUTE IN 47885
Thomas Craig Martin	director	2609 STERLING AVENUE, BLOOMINGTON IN 47401
Richard Jerome Shagley	director	1924 S FRUITRIDGE AVENUE, TERRE HAUTE IN 47803
Blade Mark Jason Sr	director	3755 NORTH ANDERSON DRIVE, TERRE HAUTE IN 47803
Mark Allen Franklin	officer: Chief Lending Officer	2600 S ROBINS BOW, BLOOMINGTON IN 47401
Michael A Carty	director	322 S WASHINGTON ST, CLINTON IN 47842
Gregory L Gibson	director	12081 EAST RIO GRANDE, BRAZIL IN 47834
Norman L Lowery	director, officer: President & C.E.O.	93 ALLENDALE, TERRE HAUTE IN 47802
Norman D Lowery	officer: Chief Operations Officer	ONE FIRST FINANCIAL PLAZA, TERRE HAUTE X1 47807