First Financial Corporation · NASDAQ:THFF
First Financial — Investor Presentation (September 2026)
27 slides from First Financial's investor presentation, Sep 4, 2026
Slide 1: First Financial Corporation
First Financial Corporation Ja nasdaq + THFF
Slide 2: Forward-looking Information
2 Forward-looking Information This presentation contains future oral and written statements of the Company and its management, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans,
Slide 3: First Financial Corporation Overview and Footprint
Illinois 24 Banking Centers Indiana 21 Banking Centers 4 Loan Offices Kentucky 15 Banking Centers 1 Loan Office Tennessee 18 Banking Centers 4 Loan Offices First Financial Corporation Indiana’s first multi-bank holding company Established 1984 90 Locations 75 full-service banking centers 6 limited-s
Slide 4: Our Vision, Mission and Values
Our Vision To be the foundation of community prosperity and trust for generations to come. Our Mission Empowering you with secure and innovative financial solutions focusing on quality of life. Our Values Start with SOUNDNESS The strongest foundation for success is based on experience and stability.
Slide 5: Strong Capital
TBV $30.94 $30.83 $33.16 $34.08 $37.57 $38.67 $31.66 $36.80 $35.73 $45.05 $46.98 $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD Key Capital Ratios and Per Share Data As of June 30, 2026 12.80% 12.74% 13.69% 11.91% 11.40% 9.62% 7.79% 9.15% 7.78% 9.
Slide 6: History of Earnings and Dividend Growth
$3.12 $2.38 $3.80 $3.80 $3.93 $4.02 $5.82 $5.08 $4.00 $6.68 $3.58 $0.99 $2.50 $1.02 $1.02 $1.04 $1.06 $1.17 $1.28 $1.80 $2.04 $1.12 $0.00 $1.50 $3.00 $4.50 $6.00 $7.50 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD Earnings and Dividends Per Share EPS Dividends Paid History of Earnings a
Slide 7: Outperformed the Indexes
Outperformed the Indexes 50 100 150 200 250 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/25 7/31/2026 Total Shareholder Return Russell 2000 Index KRE - SPDR S&P Regional Banking ETF CBNK - NASDAQ Bank Index First Financial Corporation 7
Slide 8: Strong Stock Performance to Peer
Strong Stock Performance to Peer December 31, 2025 August 3, 2026 Source: NASDAQ Market Intelligence Desk Daily Report 8
Slide 9: History of Shares Repurchases
Announced Repurchase Amount Shares Amount Completed April 21, 2022 10% 1,243,531 In Progress ** July 21, 2021 5% 652,411 $28,335,713 3/4/22 October 29, 2020 5% 685,726 $29,300,476 6/25/21 February 3, 2016 5% 637,500 $21,677,750 11/30/20 August 25, 2014 5% 667,700 $21,627,262 8/19/15 **As of 6/30/202
Slide 10: Better than Peer Performance
FFIEC BHC UBPR Data Non-interest Income % Avg Assets Return on Assets FFIEC BHC UBPR Data 1.30 0.98 1.56 1.42 1.25 1.10 1.41 1.26 0.92 1.42 1.35 0.92 0.95 1.22 1.19 0.97 1.25 1.17 0.95 0.92 1.12 1.16 '- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 FFC Peer Better than Peer Performance 10 1
Slide 11: Loan Growth Driving Growth in Income
Net Interest Income Loan Growth Driving Growth in Income $107,857 $116,579 $131,652 $146,346 $143,401 $165,042 $167,262 $174,986 $219,868 $118,156 4.11% 4.32% 4.25% 4.05% 3.20% 3.55% 3.78% 3.71% 4.29% 4.28% 2.00% 3.00% 4.00% 5.00% 6.00% $0 $42,500 $85,000 $127,500 $170,000 $212,500 $255,000 2017 201
Slide 12: Diversified Loan Portfolio
Balance ($000) Commercial Loans By State Total $4,467,896,874 Diversified Loan Portfolio As of 06/30/2026 Loan Portfolio Commercial 71.24% Consumer 20.72% Residential 8.04% Commercial $3,183,138 Consumer $925,549 Residential $359,210 IN 43.67% IL 6.97% KY 9.28% TN 30.32% GA 1.54% Other 8.21% 12
Slide 13: Strong Asset Quality
FFIEC BHC UBPR Data (Except Q2/26) Net Charge-offs 0.115% 0.033% 0.045% 0.041% 0.038% 0.041% 0.033% 0.058% 0.00% 0.01% 0.03% 0.04% 0.05% 0.06% 0.08% 0.09% 0.10% 0.11% 0.13% $250 $750 $1,250 $1,750 $2,250 $2,750 $3,250 $3,750 $4,250 $4,750 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Dollar ($000) % Total
Slide 14: Strong Growth Strategy Driving Results
Total Portfolio Loan Growth Strong Growth Strategy Driving Results $1,953,988 $2,656,390 $2,610,294 $2,815,895 $3,067,438 $3,167,821 $3,836,717 $4,055,303 $4,467,897 35.95% -1.74% 7.88% 8.93% 3.27% 21.12% 5.70% 10.17% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00%
Slide 15: Consumer Loan Portfolio
Total Loans $925,549,164 Average Portfolio Yield of 7.78% 97.56% Secured Consumer Loans 72.47% ≥ 700 FICO 19.05% ≥ 650 to 699 6.64% ≥ 600 to 650 1.84% < 600 & No Score 65.96% Indirect Auto ($610,506,951) 15.45% New ($94,338,482) 84.555% Used ($516,168,469) Asset Quality 30 – 89 day Q2/26 Ave. Past D
Slide 16: Mortgage Loan Portfolio
$165,765,278 $95,019,127 Mortgage Loan Portfolio As of 06/30/2026 Total Loans $359,209,573 54.16% YTD Production is Sold (Q2/26) • $29.27 Million YTD New Production Sold • Average New Production LTV 72.95% • Average New Production FICO Score 733 • Average New Production DTI 34.76% • Average Loan Amo
Slide 17: Commercial Portfolio Yield Analysis
Commercial Portfolio Yield Analysis Well-Positioned For Continued Yield Expansion (As of 06/30/26) $286,659 $483,741 $250,487 $40,202 $200,988 $148,263 $162,642 $248,538 $78,476 $10,830 6.700% 6.280% 6.282% 5.655% 5.358% 6.419% 6.576% 6.498% 6.059% 3.992% 3.000% 3.250% 3.500% 3.750% 4.000% 4.250% 4.
Slide 18: Commercial Portfolio Yield Analysis (Cont.)
Commercial Portfolio Yield Analysis (Cont.) Well-Positioned For Continued Yield Expansion $106,213 $96,904 $199,329 $211,174 $183,065 $157,427 $88,955 $193,596 5.612% 4.339% 5.258% 6.232% 6.494% 6.671% 6.195% 4.903% 4.000% 4.250% 4.500% 4.750% 5.000% 5.250% 5.500% 5.750% 6.000% 6.250% 6.500% 6.750%
Slide 19: Commercial Real Estate Loan Mix
Residential/Multi-Family 42.10% Commercial Income Property 29.67% NOO Retail/Restaurants 8.79% Hotels and Motels 4.26% Residential & Non-Residential Property Managers 1.92% Lessors of Other Real Estate Property 7.91% Mini-warehouses/Self Storage 2.57% Single Family Housing/Subdivisions 1.31% Land De
Slide 20: Commercial & Industrial Loan Mix
Agriculture 19.692% Construction 8.901% Health Services 7.637% Banking & Financial Services 3.324% Floor Plan & Auto Industry 2.938% Retail Eating Establishments 1.787% Real Estate Activites 5.669% Other Retail+Convenience 7.189% Transportation & Utilities 5.754% Manufacturing 5.234% Personal Servic
Slide 21: Commercial Production Pipeline
Commercial Production Pipeline As of 06/30/2026 Region Pipeline New Money Central $60,356,000 $15,809,000 West $228,399,000 $80,364,000 Southern $241,595,000 $90,768,000 Middle TN $612,888,000 $169,507,000 Indy / Ft. Wayne LPO $231,266,000 $102,059,000 East TN $117,509,000 $43,558,000 Kentucky $77,7
Slide 22: Strong Core Deposit Franchise
Strong Core Deposit Franchise As of 06/30/2026 Deposit Mix Cost of Deposits 0.16 0.23 0.32 0.50 0.32 0.18 0.38 1.32 1.84 1.63 1.56 0.45 0.54 0.75 0.95 0.54 0.20 0.47 1.81 2.35 2.08 1.90 '- 0.40 0.80 1.20 1.60 2.00 2.40 2.80 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 BHC UBPR Interest Exp
Slide 23: Disciplined Expense Management
$90,308 $88,747 $91,289 $104,348 $112,758$117,406 $126,023 $130,176 $144,438 $154,926 $83,409 0 32500 65000 97500 130000 162500 195000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD FFIEC BHC UBPR Data Non-interest Expense Efficiency Acquired HopFed Bancorp on 7/27/2019 Acquired Hancock
Slide 24: Wealth Management
$2.2 Billion Trust Assets Under Management Wealth Management 2025 2026 YTD Revenue ($000) 5,393 2,994 Income before Tax 2,329 1,168 Wealth Management Wealth Services include: • Professional Farm Management • Trust Administration • Estate Administration • Retirement Services • Corporate Trust Service
Slide 25: Key Investment Points
Well-positioned for sustainable and profitable growth • Diversified business model with strong risk management • High-caliber team members focused on customer service and technology optimization • Expanding presence in larger growth markets • Commercial banking focus with quality core deposits • Dem
Slide 26: 5-Year Financial Highlights
2022 2023 2024 2025 2026 YTD Net Interest Income 165,042 167,262 174,986 219,868 118,155 Provision <2,025> 7,295 16,166 8,200 3,850 Non-interest Income 46,716 42,702 42,772 41,972 21,863 Non-interest Expense 126,023 130,176 144,438 154,926 83,408 Net Income 71,109 60,672 47,275 79,208 42,547 Earning
Slide 27: Thank You!
Rodger A. McHargue Chief Financial Officer, SVP rmchargue@first-online.com 812.238.6334 Stephen P. Panagouleas Chief Credit Officer, SVP spanagouleas@first-online.com 812.238.6431 Norman D. Lowery President and CEO lowerynd@first-online.com 812.238.6185 Thank You! • THFF
First Financial — Investor Presentation (September 2026) on 6ix