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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950137-04-003333.txt : 20040429
<SEC-HEADER>0000950137-04-003333.hdr.sgml : 20040429
<ACCEPTANCE-DATETIME>20040429144151
ACCESSION NUMBER:		0000950137-04-003333
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040427
ITEM INFORMATION:		
FILED AS OF DATE:		20040429

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:		04764251

	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>c85017e8vk.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) April 27, 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 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On April 27, 2004, the Registrant issued a press release reporting its
financial results for the three months ended March 31, 2004. A copy of the press
release is being furnished as an exhibit to this report and is incorporated by
reference into this item 12.

         The foregoing information, including the information contained in the
press release, is being furnished pursuant to this Item 12 and shall not be
deemed to be "filed" for purposes of section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section or
Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition,
this information shall not be deemed to be incorporated by reference into any of
the Registrant's filings with the Securities and Exchange Commission, except as
shall be expressly set forth by specific reference in any such filing.

         The exhibit to this report is as follows:

Exhibit No.    Description
- -----------    -----------

   99.1        Press Release, dated April 27, 2004 issued by First Financial
               Corporation.


<PAGE>

                                   SIGNATURES

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

                                       FIRST FINANCIAL CORPORATION

Dated   April 28, 2004                 (s) Norman L. Lowery
                                       -----------------------------------------
                                       Norman L. Lowery
                                       Vice Chairman and Chief Executive Officer


Dated   April 28, 2004                 (s) Michael A. Carty
                                       -----------------------------------------
                                       Michael A. Carty
                                       Secretary/Treasurer and Chief Financial
                                       Officer


<PAGE>

                                  Exhibit Index
Exhibit Number

     99.1              Press Release, March 27, 2004 issued by First Financial
                       Corporation





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c85017exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

Exhibit 99.1


                             (COMPANY LOGO OMITTED)


One First Financial Plaza, Terre Haute, IN 47807  o  (812) 238-6000

FOR IMMEDIATE RELEASE                         For more information contact:
April 27, 2004                                Michael A. Carty at (812) 238-6264


FIRST FINANCIAL CORPORATION REPORTS 1ST QUARTER EARNINGS

TERRE HAUTE, INDIANA - First Financial Corporation (NASDAQ: THFF) today
announced year-to-date net income of $10.7 million, or $.79 per share compared
to $7.0 million and $.52 per share for the same period in 2003, an increase of
51.9%.

The continued low interest rate environment lead to a decrease in net interest
income for the quarter of $1.0 million or 5.3% compared to the same period for
2003.

During the quarter, non-interest income increased by $4.5 million, or 55.7%,
over the same period in 2003. This increase includes proceeds of $4.1 million
from a life insurance policy.

Non interest expense increased $107 thousand during the quarter, a .7% increase
over the same period in 2003. This modest increase is a reflection of the
Corporation's commitment to control the expense of its operations.

Comparing the first quarter of 2004 to the same period in 2003, average loans
are up $18.7 million, or 1.3%. The Corporation achieved this increase even
though it sold $183.1 million of loans over the previous 12 months to reduce
exposure to rising interest rates and to produce fee income. Average deposits
were up $19.4 million, or 1.3%. These funds were used to reduce average bank
borrowings by $19.0 million. Average shareholders' equity increased $15.3
million, or 6.2%. The financial performance increased book value per share on
March 31, 2004 to $19.67, an 8.3% increase over the March 31, 2003 book value of
$18.17.

Statements in this press release that relate to future results and events
(including statements about future financial and operating performance) are
based on the Corporation's current expectations. Actual results in future
periods may differ materially from those currently expected or desired because
of a number of risks and uncertainties, including general economic and business
conditions; changes in interest rates; loss of deposits and loan demand to other
financial institutions; substantial changes in financial markets; changes in
real estate values and the real estate market; or regulatory changes. Additional
discussion of these and other factors affecting the Corporation's business and
prospects is contained in the Corporation's periodic filings with the Securities
and Exchange Commission.

First Financial Corporation is the holding company for First Financial Bank,
N.A., First State Bank, First Farmers State Bank, First Parke State Bank, The
Morris Plan Company of Terre Haute and Forrest Sherer, Inc. in Indiana, and
First Crawford State Bank, and First Community Bank N.A. in Illinois.


<PAGE>




                           FIRST FINANCIAL CORPORATION

           FOR THE QUARTER AND THE THREE MONTHS ENDING MARCH 31, 2004

               (Dollar amounts in thousands except per share data)

<TABLE>
<CAPTION>
                                         03/31/04      03/31/03      Change   % Change
<S>                                    <C>           <C>            <C>       <C>

YEAR & QUARTER TO DATE INFORMATION:

Net Income                                $10,685        $7,033      $3,652     51.93%
Earnings Per Average Share                  $0.79         $0.52       $0.27     51.92%
Return on Assets                            1.90%         1.29%       0.61%     47.29%
Return on Equity                           16.38%        11.45%       4.93%     43.06%
Net Interest Margin                         3.78%         4.02%      -0.24%     -5.97%
Net Interest Income                       $17,933       $18,929       ($996)    -5.26%
Non-Interest Income                       $12,577        $8,079      $4,498     55.68%
Non Interest Expense                      $15,532       $15,425        $107      0.69%
Loss Provision                             $1,923        $2,227       ($304)   -13.65%
Net Charge Offs                            $1,765        $1,662        $103      6.20%
Efficiency Ratio                           55.70%        53.98%       1.72%      3.19%


BALANCE SHEET:

Assets                                 $2,198,863    $2,112,576     $86,287      4.08%
Deposits                               $1,432,495    $1,421,743     $10,752      0.76%
Loans                                  $1,432,816    $1,395,305     $37,511      2.69%
Shareholders' Equity                     $266,133      $246,889     $19,244      7.79%
Book Value Per Share                       $19.67        $18.17       $1.50      8.26%
Average Assets                          2,243,928     2,187,124     $56,804      2.60%
</TABLE>




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