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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 DM4zSrrLwqz/l59c5BjzbQ==

<SEC-DOCUMENT>0000950137-04-000627.txt : 20040206
<SEC-HEADER>0000950137-04-000627.hdr.sgml : 20040206
<ACCEPTANCE-DATETIME>20040206132850
ACCESSION NUMBER:		0000950137-04-000627
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040205
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST FINANCIAL CORP /IN/
		CENTRAL INDEX KEY:			0000714562
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				351546989
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16759
		FILM NUMBER:		04572999

	BUSINESS ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLAZA
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807
		BUSINESS PHONE:		(812) 238-6000

	MAIL ADDRESS:	
		STREET 1:		ONE FIRST FINANCIAL PLAZA
		CITY:			TERRE HAUTE
		STATE:			IN
		ZIP:			47807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TERRE HAUTE FIRST CORP
		DATE OF NAME CHANGE:	19850808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c82695e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) February 5, 2004

                           First Financial Corporation
             (Exact name of registrant as specified in its chapter)


           Indiana                      000-16759               35-1546989
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)         Identification No.)


     P. O. Box 540 , Terre Haute, Indiana                      47808
   (Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code    812-238-6264

<PAGE>
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (a)  Exhibits.

              Exhibit Number:

              99.1   Press Release, dated February 4, 2004 issued by First
                     Financial Corporation

ITEM 9. REGULATION FD DISCLOSURE (INFORMATION PROVIDED UNDER ITEM 12 - RESULTS
OF OPERATIONS AND FINANCIAL CONDITION).

         The following information is being provided under Item 12 - Results of
         Operations and Financial Condition. It is being furnished under Item 9
         of this Form 8-K in accordance with interim guidance issued by the SEC
         in Release No. 33-8216. Such information, including the Exhibit
         attached hereto, shall not be deemed "filed" for purposes of Section 18
         of the Securities Exchange Act of 1934.

         On February 4, 2004, First Financial Corporation issued a press release
         to report its financial results for the year ended December 31, 2003.
         The release is furnished as Exhibit 99.1 hereto.


<PAGE>
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                 First Financial Corporation

Dated  February 5, 2004          (s) Norman L. Lowery
                                 ------------------------
                                 Norman L. Lowery
                                 Vice Chairman and Chief Executive Officer


Dated  February 5, 2004          (s) Michael A. Carty
                                 ------------------------
                                 Michael A. Carty
                                 Secretary/Treasurer and Chief Financial Officer


<PAGE>



                                  Exhibit Index

Exhibit Number

     99.1                Press Release, dated February 4, 2004 issued by First
                         Financial Corporation



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>c82695exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

Exhibit 99.1

                             (COMPANY LOGO OMITTED)

FIRST FINANCIAL
CORPORATION

ONE FIRST FINANCIAL PLAZA, TERRE HAUTE, INDIANA  47807  (812) 238-6000

For more information contact:  Michael Carty (812) 238-6264

                   First Financial Releases Financial Results

FOR IMMEDIATE RELEASE

         First Financial Corporation (NASDAQ: THFF) today announced the results
of operations for the year and quarter ended December 31, 2003, reflecting net
income of $26.5 million or $1.95 per share and $6.8 million or $.50 per share
respectively.

         During the fourth quarter of 2002, the company received $3.9 million of
life insurance proceeds, which increased earnings per share for the year and the
fourth quarter of 2002 by $.29. As a result, the comparison of period-to-period
earnings reflects a 7.5%, $2.1 million decrease in net income for the year and a
25.5%, $2.3 million decrease in net income for the quarter ended December 31,
2003. A comparison of net income adjusted for the 2002 life insurance proceeds
reflects a $1.8 million, 7.2% increase in the year-over-year comparison and a
$1.6 million, 29.8% increase in fourth quarter earnings.

         Increases in other non-interest income, primarily fee-related services
and gains on the sale of mortgage loans, a $2 million decrease in the provision
for loan and lease loss, and a reduction of other non-interest expenses
amounting to $856 thousand more than offset the $3.7 million, 4.8% decrease in
net interest income, which resulted from a slow economy and a low interest rate
environment.

         For the fourth quarter of 2003 net income was $1.6 million or 29.8%
higher than the same period in 2002 adjusted for the $3.9 million of life
insurance proceeds. This increase was

<PAGE>

the result of increased non-interest income of $1.3 million and a $2.3 million
decrease in the provision for loan losses.

         The 2003 fourth quarter reduction in the provision for loan losses was
the result of satisfactory resolution of several under-performing commercial
credits during the quarter. Loans past due ninety days or more decreased over $3
million and non-accrual loans were reduced by $2.4 million during the quarter.
The total non-performing loans as a percent of total loans dropped from 1.27% at
December 31, 2002 to .99% at the end of 2003. Net charge-offs for the year of
$7.5 million equaled the $7.5 million provision for loan losses. At December 31,
2003, the allowance for loan and lease losses was 1.49% of total loans
outstanding as compared to 1.48% the previous year end.

         "We're proud of our employees for their outstanding performance during
difficult economic times," said First Financial Corporation Chairman Donald E.
Smith. "Our success is a direct result of their dedication to customer
satisfaction and convenience."


<PAGE>

                          FIRST FINANCIAL CORPORATION
         FOR THE QUARTER AND THE TWELVE MONTHS ENDING DECEMBER 31, 2003
              (Dollar amounts in thousands except per share data)
<Table>
<Caption>
                                  12/31/03     12/31/02      CHANGE     % CHANGE
<S>                               <C>          <C>           <C>        <C>
YEAR TO DATE INFORMATION:

Net Income                         $26,493      $28,640      ($2,147)    -7.50%
Earnings Per Average Share         $1.95        $2.10        ($0.15)     -7.14%
Return on Assets                   1.21%        1.30%        -0.09%      -6.92%
Return on Equity                   10.57%       12.01%       -1.44%      -11.99%
Net Interest Margin                4.02%        4.10%        -0.08%      -1.95%
Net Interest Income                $74,436      $78,176      ($3,740)    -4.78%
Non-Interest Income                $30,819      $30,468      $351        1.15%
Non-Interest Expense               $62,461      $63,317      ($856)      -1.35%
Loss Provision                     $7,455       $9,478       ($2,023)    -21.34%
Net Charge Offs                    $7,465       $8,253       ($788)      -9.55%
Efficiency Ratio                   56.00%       56.81%       -0.20%      -0.36%

QUARTER TO DATE INFORMATION:

Net Income                         $6,843       $9,189       ($2,346)    -25.53%
Earnings Per Average Share         $0.50        $0.67        ($0.17)     -25.37%
Return on Assets                   1.23%        1.66%        -0.43%      -25.90%
Return on Equity                   10.68%       15.27%       -4.59%      -30.06%
Net Interest Margin                4.08%        4.13%        -0.05%      -1.21%
Net Interest Income                $18,298      $19,337      ($1,039)    -5.37%
Non-Interest Income                $7,920       $10,571      ($2,651)    -25.08%
Non-Interest Expense               $16,085      $16,716      ($631)      -3.77%
Loss Provision                     $607         $2,857       ($2,250)    -78.75%
Net Charge Offs                    $2,106       $2,478       ($372)      -15.01%
Efficiency Ratio                   58.02%       59.98%       0.54%       0.94%

BALANCE SHEET:

Assets                             $2,223,057   $2,169,748   $53,309     2.46%
Deposits                           $1,479,347   $1,434,654   $44,693     3.12%
Loans                              $1,429,525   $1,432,564   ($3,039)    -0.21%
Shareholders' Equity               $255,279     $241,971     $13,308     5.50%
Book Value Per Share               $18.80       $17.77       $1.03       5.81%
Average Assets                     2,192,985    2,208,070    ($15,085)   -0.68%
</Table>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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