First Financial Corporation Indiana Second Quarter Earnings Sneak Peek

First Financial Corporation Indiana (NASDAQ:THFF) will unveil its latest earnings on Monday, July 18, 2011. First Financial Corporation is a financial services company, which offers a number of financial services including commercial, mortgage and consumer lending, lease financing, trust account services and depositor services through its subsidiaries.

First Financial Corporation Indiana Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 57 cents per share, a decline of 3.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 54 cents. For the year, analysts are projecting profit of $2.39 per share, a rise of 11.7% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 15 cents, reporting net income of 67 cents per share against a mean estimate of profit of 52 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by 14 cents with net income of 64 cents versus a mean estimate of profit of 50 cents.

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Key Stats:

Revenue has fallen for the past three quarters. In first quarter, revenue declined 4.4% to $37.6 million while the figure fell 20.4% in fourth quarter of the last fiscal year from the year earlier and 7.5% in the third quarter of the last fiscal year.

The company has now seen net income rise in two straight quarters. In the first quarter, net income rose 54.8% from the year earlier. In the fourth quarter of the last fiscal year, the figure rose 42.8%.

Competitors to Watch: Old National Bancorp (NYSE:ONB), 1st Source Corporation (NASDAQ:SRCE), German American Bancorp., Inc. (NASDAQ:GABC), Integra Bank Corporation (NASDAQ:IBNK), Associated Banc-Corp (NASDAQ:ASBC), MainSource Financial Group Inc. (NASDAQ:MSFG), Tower Financial Corp. (NASDAQ:TOFC), Lakeland Financial Corp. (NASDAQ:LKFN), Community Bank Shares of Indiana, Inc. (NASDAQ:CBIN), Horizon Bancorp (NASDAQ:HBNC), Citigroup (NYSE:C), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Goldman Sachs Group, Inc. (NYSE:GS), U.S. Bancorp (NYSE:USB), UBS AG (NYSE:UBS) and Deutsche Bank AG (NYSE:DB)

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen $2.47 (8%) from $30.77 to $33.24. The stock price saw one of its best stretches over the last year between October 20, 2010, and October 28, 2010, when shares rose for seven-straight days, rising 6.8% (+$1.91) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are down $1.37 (-4%) year to date.

(Source: Xignite Financials)

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