Business News • MarketWire • First Financial Corporation Reports 2015 Results |
First Financial Corporation Reports 2015 Results |
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First Financial Corporation Reports 2015 Results
TERRE HAUTE, IN--(Marketwired - February 08, 2016) - First Financial Corporation (NASDAQ: THFF) today announced results for the fourth quarter of 2015 and the year ended December 31, 2015. Net income for the three months ending December 31, 2015 was $7.1 million compared to $9.2 million for the same period of 2014. The variance in income was, in part, driven by higher pension expense partially due to increased benefit plan cost from the use of a lower discount rate and the use of the updated mortality tables. Diluted net income per common share for the three month period ended December 31, 2015 was $0.56 compared to $0.71 for the comparable period of 2014.
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