Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -82%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%

Low stock price volatility
Vol 12M is 27%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

Trading close to highs
Dist 52W High is -3.0%, Dist 3Y High is -3.0%

Key risks
THFF key risks include [1] potential net interest margin compression due to its liability-sensitive balance sheet and [2] sluggish long-term organic growth prospects constrained by its limited geographic scope.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -82%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%
3 Low stock price volatility
Vol 12M is 27%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
5 Trading close to highs
Dist 52W High is -3.0%, Dist 3Y High is -3.0%
6 Key risks
THFF key risks include [1] potential net interest margin compression due to its liability-sensitive balance sheet and [2] sluggish long-term organic growth prospects constrained by its limited geographic scope.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

First Financial (THFF) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Mixed Q1 2026 Financial Performance and Conflicting Revenue Signals.

First Financial Corporation reported diluted net income per common share of $1.67 for the first quarter of 2026, generally meeting or slightly exceeding analyst consensus estimates. However, there were conflicting reports regarding its revenue performance; some sources indicated a miss of analyst expectations by approximately $2.8 million on reported revenue of $68.15 million, while others suggested a beat of Street forecasts. This ambiguity in top-line results, despite solid earnings per share, likely contributed to the stock's largely stable movement.

2. Balanced Impact of Strong Loan Growth and Rising Nonperforming Loans.

The company demonstrated significant balance sheet expansion, with total loans outstanding increasing 9.09% on a linked-quarter basis to $4.42 billion by March 31, 2026. This growth was partially driven by the acquisition of CedarStone Financial, Inc. in March 2026, which added $292 million in loans and $313 million in deposits. However, this positive development was tempered by an increase in nonperforming loans, which rose to $28.5 million, representing 0.64% of loans and leases, up from 0.26% a year earlier, introducing some credit quality concerns.

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Stock Movement Drivers

Fundamental Drivers

The 1.4% change in THFF stock from 1/31/2026 to 5/4/2026 was primarily driven by a 3.5% change in the company's Net Income Margin (%).
(LTM values as of)13120265042026Change
Stock Price ($)64.5865.471.4%
Change Contribution By: 
Total Revenues ($ Mil)2532623.5%
Net Income Margin (%)29.2%30.3%3.5%
P/E Multiple10.39.8-5.2%
Shares Outstanding (Mil)1212-0.1%
Cumulative Contribution1.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/4/2026
ReturnCorrelation
THFF1.4% 
Market (SPY)3.6%42.9%
Sector (XLF)-3.0%54.7%

Fundamental Drivers

The 25.1% change in THFF stock from 10/31/2025 to 5/4/2026 was primarily driven by a 20.0% change in the company's Net Income Margin (%).
(LTM values as of)103120255042026Change
Stock Price ($)52.3665.4725.1%
Change Contribution By: 
Total Revenues ($ Mil)2462626.5%
Net Income Margin (%)25.2%30.3%20.0%
P/E Multiple10.09.8-2.0%
Shares Outstanding (Mil)1212-0.1%
Cumulative Contribution25.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/4/2026
ReturnCorrelation
THFF25.1% 
Market (SPY)5.5%36.5%
Sector (XLF)-0.7%50.3%

Fundamental Drivers

The 37.5% change in THFF stock from 4/30/2025 to 5/4/2026 was primarily driven by a 39.3% change in the company's Net Income Margin (%).
(LTM values as of)43020255042026Change
Stock Price ($)47.6265.4737.5%
Change Contribution By: 
Total Revenues ($ Mil)21826220.2%
Net Income Margin (%)21.7%30.3%39.3%
P/E Multiple11.99.8-17.6%
Shares Outstanding (Mil)1212-0.4%
Cumulative Contribution37.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/4/2026
ReturnCorrelation
THFF37.5% 
Market (SPY)30.4%43.9%
Sector (XLF)7.4%59.1%

Fundamental Drivers

The 113.4% change in THFF stock from 4/30/2023 to 5/4/2026 was primarily driven by a 88.8% change in the company's P/E Multiple.
(LTM values as of)43020235042026Change
Stock Price ($)30.6965.47113.4%
Change Contribution By: 
Total Revenues ($ Mil)21226223.7%
Net Income Margin (%)33.6%30.3%-9.9%
P/E Multiple5.29.888.8%
Shares Outstanding (Mil)12121.4%
Cumulative Contribution113.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/4/2026
ReturnCorrelation
THFF113.4% 
Market (SPY)78.7%45.7%
Sector (XLF)63.2%64.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
THFF Return19%4%-3%11%36%11%105%
Peers Return29%-28%25%8%29%1%63%
S&P 500 Return27%-19%24%23%16%6%92%

Monthly Win Rates [3]
THFF Win Rate75%50%42%33%67%80% 
Peers Win Rate44%50%56%50%65%49% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
THFF Max Drawdown-1%-7%-30%-18%-5%-1% 
Peers Max Drawdown-6%-35%-27%-14%-13%-14% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, AGBK, NU, FITB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/4/2026 (YTD)

How Low Can It Go

EventTHFFS&P 500
2025 US Tariff Shock
  % Loss-16.4%-18.8%
  % Gain to Breakeven19.7%23.1%
  Time to Breakeven27 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.5%-9.5%
  % Gain to Breakeven16.9%10.5%
  Time to Breakeven25 days24 days
2023 SVB Regional Banking Crisis
  % Loss-28.8%-6.7%
  % Gain to Breakeven40.5%7.1%
  Time to Breakeven232 days31 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven48.9%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.5%23.7%
  Time to Breakeven1134 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.7%-17.9%
  % Gain to Breakeven26.1%21.8%
  Time to Breakeven25 days123 days

Compare to NEWT, ATLO, AGBK, NU, FITB

In The Past

First Financial's stock fell -16.4% during the 2025 US Tariff Shock. Such a loss loss requires a 19.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTHFFS&P 500
2023 SVB Regional Banking Crisis
  % Loss-28.8%-6.7%
  % Gain to Breakeven40.5%7.1%
  Time to Breakeven232 days31 days
2020 COVID-19 Crash
  % Loss-32.9%-33.7%
  % Gain to Breakeven48.9%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.5%23.7%
  Time to Breakeven1134 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.7%-17.9%
  % Gain to Breakeven26.1%21.8%
  Time to Breakeven25 days123 days
2008-2009 Global Financial Crisis
  % Loss-20.7%-53.4%
  % Gain to Breakeven26.0%114.4%
  Time to Breakeven14 days1085 days

Compare to NEWT, ATLO, AGBK, NU, FITB

In The Past

First Financial's stock fell -16.4% during the 2025 US Tariff Shock. Such a loss loss requires a 19.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About First Financial (THFF)

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans. In addition, it offers lease financing, trust account, depositor, and insurance services. The company operates 78 branches in west-central Indiana, east-central Illinois, western Kentucky, and middle and western Tennessee. First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.

AI Analysis | Feedback

Here are 1-3 brief analogies for First Financial (THFF):

  • It's like a regional **Bank of America**, concentrated in parts of Indiana, Illinois, Kentucky, and Tennessee.

  • Think of it as the **U.S. Bank** for a four-state region, offering traditional banking and financial services.

AI Analysis | Feedback

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  • Deposits: The company offers various types of deposit accounts, including demand, savings, and time deposits.
  • Commercial Loans: It provides loans primarily to businesses for expansion or asset financing.
  • Residential Real Estate Loans: These loans include financing for residential real estate purchases and construction.
  • Home Equity and Other Loans: The company offers home equity loans and lines, as well as secured and unsecured personal loans.
  • Lease Financing: This service provides financing for leases.
  • Trust Services: The company manages trust accounts for its clients.
  • Insurance Services: It offers various insurance-related services.
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AI Analysis | Feedback

First Financial Corporation (THFF), as a regional bank holding company, serves a diverse customer base rather than having a few "major customers" in the traditional sense of other public companies. Its services cater to both individuals and businesses within its operating regions. Therefore, its customers can be categorized as follows:

  1. Individual Consumers: This category includes individuals utilizing the bank's services for personal financial needs. This encompasses checking and savings accounts, certificates of deposit (CDs), residential real estate loans (mortgages), home equity loans and lines of credit, and secured or unsecured personal loans.

  2. Commercial Clients (Small to Medium-sized Businesses): First Financial provides services to local and regional businesses. These customers primarily utilize commercial loans for business expansion, asset purchases, and operational financing. They also use business checking and savings accounts, and potentially lease financing and other treasury management services.

  3. Real Estate Developers and Investors: This category includes individuals or entities involved in real estate development and investment. They are served through residential real estate construction loans and potentially other real estate-related financing options.

AI Analysis | Feedback

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AI Analysis | Feedback

Norman D. Lowery President and Chief Executive Officer

Mr. Norman D. Lowery became President and Chief Executive Officer of First Financial Corporation and First Financial Bank, N.A. on January 1, 2024. He joined the company in 1990 and previously served as Chief Operating Officer from 2010 to 2022. His career at First Financial has included management positions in Private Banking and as a Trust Investment Officer. Mr. Lowery holds a B.A. from Indiana University and an MBA from Indiana Wesleyan University, and is an accredited Fiduciary Investment Manager and a graduate of the ABA Stonier Graduate School of Banking. He has experience across acquisitions, enterprise risk, and strategic planning, and under his leadership, THFF completed the SimplyBank acquisition in 2024.

Rodger A. McHargue Chief Financial Officer

Mr. Rodger A. McHargue has served as Chief Financial Officer of First Financial Corporation and First Financial Bank, N.A., and also as Secretary and Treasurer of the Corporation, since 2010. He joined the Corporation in 1994. Mr. McHargue received a B.S. degree in Economics and Finance and a Master of Business Administration degree from Indiana State University.

Stephen P. Panagouleas Senior Vice President, Chief Credit Officer

Mr. Stephen P. Panagouleas was appointed Senior Vice President, Chief Credit Officer of First Financial Corporation and its subsidiary, First Financial Bank N.A., effective July 1, 2024. He joined the Bank in 2013 as Chief Credit Administrator. Prior to joining First Financial, Mr. Panagouleas was a Senior Vice President and Commercial Lending Executive at Old National Bancorp from 2007 to 2013. He holds a B.S. degree in Business from Indiana State University, an MBA from Butler University, a Credit Risk Certification, and is a graduate of the Butler University Executive Leadership Academy.

Mark A. Franklin Senior Vice President and Chief Lending Officer

Mr. Mark A. Franklin has been the Senior Vice President and Chief Lending Officer of First Financial Corporation and First Financial Bank, N.A., since February 2022.

Norman L. Lowery Chairman of the Board

Mr. Norman L. Lowery has served as the Non-Executive Chairman of First Financial Corporation since January 1, 2025. He previously served as Executive Chairman from January 1 to December 31, 2024, and as CEO from 2004 to 2023, and President from 2013 to 2023. He joined the Board in 1989. Before joining the Corporation, Mr. Lowery was a partner in the law firm of Wright, Shagley & Lowery, P.C. He also served on Indiana State University's Board of Trustees and Foundation Board. Mr. Lowery is the father of the current CEO, Norman D. Lowery.

AI Analysis | Feedback

First Financial Corporation (THFF) faces several key risks inherent to the banking industry, with some specific considerations given its regional focus. The most significant risks include:
  1. Interest Rate Risk and Economic Cycles: As a financial institution, First Financial Corporation is highly susceptible to fluctuations in interest rates and broader economic cycles. Shifts in interest rate policy, such as rising or falling rates, can directly impact the bank's net interest margin—the difference between the interest earned on assets (like loans) and the interest paid on liabilities (like deposits). For instance, falling interest rates can significantly compress net interest margins. Furthermore, general economic downturns, inflation, and liquidity pressures can affect borrower's ability to repay loans and deposit stability, impacting the bank's financial performance.
  2. Credit Risk, Especially in Commercial and Commercial Real Estate Loans: A substantial portion of First Financial Corporation's loan portfolio, approximately 58.6%, is concentrated in commercial and commercial real estate loans. This concentration heightens the company's exposure to credit risk, particularly during economic downturns or adverse conditions in the commercial real estate market. Instability in these sectors can lead to increased loan default rates and higher provisions for credit losses, directly affecting profitability.
  3. Operational and Technology Risks, including Cybersecurity and Fintech Competition: First Financial Corporation, like other financial institutions, faces evolving operational and technology risks. These include the constant threat of cybersecurity breaches, the increasing reliance on third-party vendors for technology services, and the challenges and opportunities presented by rapid advancements in financial technology (fintech) and artificial intelligence (AI). Cybersecurity is a dominant concern for bank leaders, with sophisticated attacks targeting financial infrastructure. The emergence of new technologies also brings regulatory and compliance challenges, and competition from fintechs, cryptocurrencies, and stablecoins can disrupt traditional banking models.

AI Analysis | Feedback

The rise of digital-only banks and fintech companies poses a clear emerging threat to First Financial Corporation. These entities, operating entirely online or through mobile applications, offer banking services such as deposits, loans, and payments often with lower fees, higher interest rates, and more streamlined user experiences. This model directly challenges First Financial's traditional branch-based banking operations across its 78 locations by attracting customers, particularly digitally native generations, who prioritize convenience, technology, and competitive pricing over physical branch presence. This shift in consumer preference and the lower operational costs of digital competitors threaten to erode First Financial's customer base and market share in its service regions.

AI Analysis | Feedback

First Financial Corporation (THFF) operates in west-central Indiana, east-central Illinois, western Kentucky, and middle and western Tennessee. Identifying the precise addressable market size for each of its main products and services within these highly specific sub-regions is challenging due to the granular nature of the request. However, state-level market data for commercial banking, which encompasses deposits and various loan types, and broader regional data for other services, can provide an estimate of their addressable markets.

For their main products and services, the estimated addressable markets are as follows:

  • Commercial Banking (Deposits and Loans): This category generally includes commercial loans, residential real estate and construction loans, home equity loans and lines, secured and unsecured loans, and various types of deposits. Given the difficulty in obtaining market sizes for highly specific sub-regions (e.g., "west-central Indiana" or "east-central Illinois"), state-level commercial banking market sizes are provided below.
    • Tennessee: The market size of the Commercial Banking industry in Tennessee is projected to be approximately $23.0 billion in 2026. This market includes commercial, industrial, and consumer loans, as well as deposits.
    • Kentucky: The market size of the Commercial Banking industry in Kentucky is projected to be approximately $13.3 billion in 2026. This includes receiving deposits and issuing consumer, commercial, and industrial loans.
    • Indiana: The Commercial Banking industry in Indiana has been growing at an average annual rate of 6.1% from 2020 to 2025. (Specific dollar value for 2026 not publicly available without purchasing full report.)
    • Illinois: The Commercial Banking industry in Illinois has been growing at an average annual rate of 7.0% from 2020 to 2025. (Specific dollar value for 2026 not publicly available without purchasing full report.)
    • For broader context, the US commercial banking market size is estimated at USD 765.53 billion in 2026.
  • Lease Financing: The global financial leasing services market was valued at $214.9 billion in 2022 and is projected to reach $624.3 billion by 2032, growing at a CAGR of 11.5% from 2023 to 2032. North America accounted for the largest revenue share of over 30.0% in the global finance lease market in 2021. The global finance lease market size is projected to reach $324.40 billion by 2030.
  • Trust Account Services: The global trust and corporate service market size is expected to grow from $14.33 billion in 2025 to $15.05 billion in 2026. North America was the largest region in the trust and corporate service market in 2025. Another estimate places the global market value at approximately USD 150 billion by 2026. The global Commercial Trust Service Market size was estimated at USD 2.25 billion in 2025 and is expected to reach USD 2.39 billion in 2026.
  • Insurance Services: Null. Specific regional market sizes for insurance services offered by a bank subsidiary within the specified sub-regions or states were not found.

AI Analysis | Feedback

The expected drivers of future revenue growth for First Financial Corporation (THFF) over the next 2-3 years include:
  • Sustained Loan Portfolio Expansion: First Financial Corporation has consistently demonstrated strong loan growth, with total loans outstanding reaching $4.06 billion as of December 31, 2025, representing a 5.69% increase from the prior year. The company has achieved nine consecutive quarters of loan growth, indicating a continued upward trend in its lending business.
  • Strategic Acquisitions and Market Expansion: The company is actively pursuing strategic acquisitions to expand its market presence and service offerings. Recent initiatives include the $25 million cash acquisition of CedarStone and a definitive merger agreement to integrate CedarStone Bank into First Financial Bank N.A. Prior acquisitions, such as SimplyBank and Agile Premium Finance in 2024, have contributed to loan growth and broadened the customer base.
  • Net Interest Margin (NIM) Optimization: First Financial has experienced a surge in its net interest margin, reaching 4.66%, which has driven record net interest income. The net interest income for Q4 2025 was a record $60.6 million, an increase of 22.2% from the same period in 2024, indicating robust growth in interest income due to efficient balance sheet management and higher average yields.
  • Growth in Fee-Based Services, particularly Wealth Management and Trust Services: Fee-based services, especially wealth management and trust services, are a crucial and growing component of the company's business model. This segment generates non-interest income, which provides diversification and is less susceptible to interest rate fluctuations than traditional lending. In 2023, trust and wealth management fees were the largest single component of non-interest income, reflecting the growing wealth management market.
  • Digital Advancements and Customer Acquisition: First Financial is committed to enhancing its digital banking platforms to meet contemporary customer needs and maintain a competitive edge. These digital advancements support customer acquisition strategies, as demonstrated by the integration of acquired customers onto improved digital platforms.

AI Analysis | Feedback

Here's a summary of First Financial Corporation's (THFF) capital allocation decisions over the last 3-5 years:

Outbound Investments

  • First Financial Corporation completed the acquisition of SimplyBank, a Tennessee-chartered commercial bank, for approximately $73.4 million in July 2024, expanding its regional footprint into Tennessee.
  • In August 2021, the company announced a merger with Hancock Bank & Trust Co. from Kentucky, a deal valued at over $31 million, which was expected to extend First Financial's reach into western Kentucky.
  • Effective March 1, 2026, First Financial Corporation completed the acquisition of Cedarstone Financial Inc. for $25 million, as noted in its 2025 10-K filing as a subsequent event.

Trade Ideas

Select ideas related to THFF.

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EEFT_4302026_Dip_Buyer_ValueBuy04302026EEFTEuronet WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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HOMB_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V204242026HOMBHome BancSharesInsiderInsider Buys | Low D/EStrong Insider Buying
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JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

THFFNEWTATLOAGBKNUFITBMedian
NameFirst Fi.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Mkt Price65.4712.8228.256.8114.1649.4021.20
Mkt Cap0.80.40.31.168.732.80.9
Rev LTM26226767-10,6278,791267
Op Inc LTM-------
FCF LTM86-57921-3,1603,80586
FCF 3Y Avg73-30116-364,8573,40373
CFO LTM90-57921-3,5004,51490
CFO 3Y Avg79-30018-424,0303,94979

Growth & Margins

THFFNEWTATLOAGBKNUFITBMedian
NameFirst Fi.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Rev Chg LTM20.2%12.3%21.9%-28.5%6.6%20.2%
Rev Chg 3Y Avg7.7%38.9%3.1%-63,129.4%2.7%7.7%
Rev Chg Q14.1%-2.3%26.7%-48.7%8.9%14.1%
QoQ Delta Rev Chg LTM3.5%-0.6%6.2%-10.7%2.1%3.5%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM34.5%-217.0%31.9%-32.9%51.3%32.9%
CFO/Rev 3Y Avg34.4%-124.2%31.2%-28.1%46.4%31.2%
FCF/Rev LTM33.0%-217.0%31.0%-29.7%43.3%31.0%
FCF/Rev 3Y Avg31.9%-124.4%27.7%-25.3%40.0%27.7%

Valuation

THFFNEWTATLOAGBKNUFITBMedian
NameFirst Fi.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Mkt Cap0.80.40.31.168.732.80.9
P/S3.01.43.7-6.53.73.7
P/Op Inc-------
P/EBIT-------
P/E9.86.213.2-23.913.013.0
P/CFO8.6-0.611.7-19.67.38.6
Total Yield11.8%16.1%10.4%-4.2%7.7%10.4%
Dividend Yield1.6%0.0%2.8%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg12.6%-90.6%9.0%-642.0%12.5%12.5%
D/E0.22.20.11.50.00.40.3
Net D/E-0.81.4-1.90.5-0.4-1.4-0.6

Returns

THFFNEWTATLOAGBKNUFITBMedian
NameFirst Fi.NewtekOneAmes Nat.AGI Nu Fifth Th. 
1M Rtn2.4%16.1%-0.4%-5.2%0.1%4.9%1.2%
3M Rtn0.3%-3.0%6.4%-36.7%-21.8%-4.0%-3.5%
6M Rtn24.4%28.1%37.0%-36.7%-12.2%21.0%22.7%
12M Rtn34.0%29.4%66.1%-36.7%13.7%37.9%31.7%
3Y Rtn122.9%32.9%75.4%-36.7%159.3%123.2%99.1%
1M Excs Rtn-7.0%6.7%-9.8%-14.5%-9.3%-4.5%-8.2%
3M Excs Rtn-3.0%-6.2%3.2%-39.9%-25.0%-7.3%-6.7%
6M Excs Rtn17.5%24.1%32.5%-42.2%-17.4%14.3%15.9%
12M Excs Rtn8.9%1.5%38.1%-65.1%-13.7%13.3%5.2%
3Y Excs Rtn41.1%-40.1%-0.7%-110.8%106.3%41.1%20.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Banking210212185189170
Total210212185189170


Price Behavior

Price Behavior
Market Price$65.47 
Market Cap ($ Bil)0.8 
First Trading Date03/03/1992 
Distance from 52W High-3.0% 
   50 Days200 Days
DMA Price$63.96$59.26
DMA Trendupindeterminate
Distance from DMA2.4%10.5%
 3M1YR
Volatility24.0%26.7%
Downside Capture0.640.45
Upside Capture90.7895.51
Correlation (SPY)40.7%43.7%
THFF Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.820.710.630.670.930.89
Up Beta0.600.490.350.751.210.85
Down Beta2.470.300.300.500.700.84
Up Capture67%97%93%96%92%100%
Bmk +ve Days15223166141428
Stock +ve Days13243666128378
Down Capture201%83%72%48%86%97%
Bmk -ve Days4183056108321
Stock -ve Days8182757121371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with THFF
THFF37.5%26.7%1.16-
Sector ETF (XLF)7.5%14.7%0.2859.1%
Equity (SPY)29.7%12.5%1.8344.0%
Gold (GLD)39.6%27.2%1.21-5.0%
Commodities (DBC)50.7%18.0%2.18-19.6%
Real Estate (VNQ)12.1%13.5%0.6040.7%
Bitcoin (BTCUSD)-19.0%42.2%-0.3920.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with THFF
THFF11.9%26.3%0.42-
Sector ETF (XLF)9.5%18.7%0.3957.1%
Equity (SPY)12.8%17.1%0.5940.2%
Gold (GLD)20.1%17.9%0.91-0.8%
Commodities (DBC)14.1%19.1%0.606.6%
Real Estate (VNQ)3.3%18.8%0.0841.2%
Bitcoin (BTCUSD)7.3%56.2%0.3414.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with THFF
THFF10.3%29.1%0.39-
Sector ETF (XLF)12.5%22.2%0.5267.1%
Equity (SPY)14.9%17.9%0.7150.8%
Gold (GLD)13.4%15.9%0.70-3.9%
Commodities (DBC)9.7%17.7%0.4615.5%
Real Estate (VNQ)5.6%20.7%0.2348.6%
Bitcoin (BTCUSD)67.1%66.9%1.0613.0%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 3312026-9.5%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.6 days
Basic Shares Quantity11.9 Mil
Short % of Basic Shares1.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/20260.8%  
2/3/20261.2%2.2%-2.2%
10/28/20253.1%-1.7%8.6%
7/22/20251.3%-0.1%-1.0%
4/22/20255.4%12.1%20.4%
2/4/20254.1%8.3%3.4%
10/22/20240.8%2.3%13.8%
7/23/20243.1%1.6%-4.6%
...
SUMMARY STATS   
# Positive161715
# Negative868
Median Positive1.2%2.3%4.2%
Median Negative-0.4%-0.9%-2.9%
Max Positive5.4%12.1%20.4%
Max Negative-1.2%-11.0%-13.6%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202403/05/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/11/202410-K
09/30/202311/08/202310-Q
06/30/202308/02/202310-Q
03/31/202305/04/202310-Q
12/31/202203/08/202310-K
09/30/202211/02/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Franklin, Mark AllenCHIEF LENDING OFFICERDirectSell302202664.602,209142,701485,404Form
2Jensen, Susan MDirectBuy1209202560.23281,686136,060Form
3McDonald, James ODirectBuy1017202552.252,295119,914614,303Form
4Jensen, Susan MDirectBuy610202551.36331,695106,979Form
5Jensen, Susan MDirectBuy512202550.11331,654102,726Form