Revenue during the quarter dropped 24.59 percent to $35.96 million from $47.69 million in the previous year period. Net interest income for the quarter rose 1.34 percent over the prior year period to $26.51 million. Non-interest income for the quarter fell 50.60 percent over the last year period to $11.05 million.

First Financial Corp has made provision of $1.60 million for loan losses during the quarter, up 91.14 percent from $0.84 million in the same period last year.

Net interest margin contracted 1 basis points to 4.05 percent in the quarter from 4.06 percent in the last year period. Efficiency ratio for the quarter deteriorated to 57.77 percent from 45.68 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

Norman L. Lowery, president and chief executive officer, commented "We are pleased with our first quarter 2017 results. Our average loan balances continue to increase and we continue to grow our interest income and net interest income. Asset quality also remains healthy. It was another good quarter for First Financial."

Investments stood at $855.68 million as on Mar. 31, 2017. Shareholders equity was at $426.81 million as on Mar. 31, 2017.

Return on average assets moved down 59 basis points to 1.26 percent in the quarter from 1.85 percent in the last year period. At the same time, return on average equity decreased 450 basis points to 8.78 percent in the quarter from 13.28 percent in the last year period.

Nonperforming assets moved down 14.17 percent or $5.61 million to $34 million on Mar. 31, 2017 from $39.62 million on Mar. 31, 2016.

Tier-1 leverage ratio stood at 13.63 percent for the quarter, up from 13.05 percent for the previous year quarter. Average equity to average assets ratio was 14.31 percent for the quarter, up from 13.92 percent for the previous year quarter. Book value per share was $34.92 for the quarter, up 3.99 percent or $1.34 compared to $33.58 for the same period last year.