THFF vs. GABC

Last updated Jun 3, 2026

THFF (First Financial Corporation) and GABC (German American Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, THFF returned 9.88%/yr vs 10.14%/yr for GABC. At a 0.41 correlation, their price movements are largely independent.

Performance

THFF vs. GABC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Financial Corporation (THFF) and German American Bancorp, Inc. (GABC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THFF achieves a 17.16% return, which is significantly higher than GABC's 13.35% return. Both investments have delivered pretty close results over the past 10 years, with THFF having a 9.88% annualized return and GABC not far ahead at 10.14%.

THFF

• 1D: 1.68%
• 1M: 5.17%
• YTD: 17.16%
• 6M: 19.63%
• 1Y: 41.12%
• 3Y*: 30.93%
• 5Y*: 12.66%
• 10Y*: 9.88%

GABC

• 1D: 1.39%
• 1M: 1.57%
• YTD: 13.35%
• 6M: 12.58%
• 1Y: 19.30%
• 3Y*: 17.32%
• 5Y*: 4.03%
• 10Y*: 10.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

THFF vs. GABC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THFF First Financial Corporation	17.16%	36.17%	11.11%	-2.62%	4.45%	19.47%	-12.74%	16.79%	-9.41%	-9.54%
GABC German American Bancorp, Inc.	13.35%	0.34%	27.90%	-10.24%	-1.96%	20.32%	-4.72%	31.11%	-20.02%	2.31%

Correlation

The correlation between THFF and GABC is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 24, 1993	0.41

Over the past year, THFF and GABC have become more correlated (0.82) than their long-term average of 0.41, meaning their price movements have been converging.

Fundamentals

Market Cap THFF : $826.13M GABC : $1.64B
EPS THFF : $6.80 GABC : $3.66
PE Ratio THFF : 10.23 GABC : 11.95
PS Ratio THFF : 2.57 GABC : 3.24
PB Ratio THFF : 1.26 GABC : 1.40
Total Revenue (TTM) THFF : $320.85M GABC : $499.28M
Gross Profit (TTM) THFF : $193.05M GABC : $369.98M
EBITDA (TTM) THFF : $81.43M GABC : $191.64M

Return for Risk

THFF vs. GABC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THFF

THFF Risk / Return Rank: 80
THFF Sharpe Ratio Rank: 82
THFF Sortino Ratio Rank: 79
THFF Omega Ratio Rank: 76
THFF Calmar Ratio Rank: 82
THFF Martin Ratio Rank: 82

GABC

GABC Risk / Return Rank: 65
GABC Sharpe Ratio Rank: 67
GABC Sortino Ratio Rank: 62
GABC Omega Ratio Rank: 58
GABC Calmar Ratio Rank: 69
GABC Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THFF vs. GABC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Financial Corporation (THFF) and German American Bancorp, Inc. (GABC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	THFF	GABC	Difference
Sharpe ratio Return per unit of total volatility	1.55	0.85	+0.70
Sortino ratio Return per unit of downside risk	2.28	1.37	+0.91
Omega ratio Gain probability vs. loss probability	1.27	1.16	+0.11
Calmar ratio Return relative to maximum drawdown	2.97	1.59	+1.38
Martin ratio Return relative to average drawdown	7.69	3.90	+3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THFF vs. GABC - Sharpe Ratio Comparison

The current THFF Sharpe Ratio is 1.55, which is higher than the GABC Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of THFF and GABC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THFF	GABC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.85	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.15	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.35	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.26	0.00

Drawdowns

THFF vs. GABC - Drawdown Comparison

The maximum THFF drawdown since its inception was -51.80%, smaller than the maximum GABC drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for THFF and GABC.

Drawdown Indicators

	THFF	GABC	Difference
Max Drawdown Largest peak-to-trough decline	-51.80%	-63.37%	+11.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-11.30%	-1.88%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-25.32%	+5.07%
Max Drawdown (5Y) Largest decline over 5 years	-34.92%	-38.28%	+3.36%
Max Drawdown (10Y) Largest decline over 10 years	-42.73%	-45.47%	+2.74%
Current Drawdown Current decline from peak	-0.26%	-1.17%	+0.91%
Average Drawdown Average peak-to-trough decline	-16.59%	-22.06%	+5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.08%	4.61%	+0.47%

Volatility

THFF vs. GABC - Volatility Comparison

First Financial Corporation (THFF) has a higher volatility of 6.38% compared to German American Bancorp, Inc. (GABC) at 5.19%. This indicates that THFF's price experiences larger fluctuations and is considered to be riskier than GABC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THFF	GABC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.38%	5.19%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	15.61%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	22.78%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.41%	26.62%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	28.86%	+0.33%

Dividends

THFF vs. GABC - Dividend Comparison

THFF's dividend yield for the trailing twelve months is around 3.08%, more than GABC's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABC German American Bancorp, Inc.	2.74%	2.96%	2.69%	3.09%	2.47%	2.15%	2.30%	1.91%	2.16%	1.46%	1.37%	2.04%
THFF First Financial Corporation	3.08%	3.38%	2.92%	4.02%	2.54%	2.34%	2.68%	2.25%	2.54%	5.51%	1.88%	2.88%

Financials

THFF vs. GABC - Profitability Comparison

The chart below illustrates the profitability comparison between First Financial Corporation and German American Bancorp, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

THFF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported a gross profit of 0.00 and revenue of 77.95M. Therefore, the gross margin over that period was 0.0%.

GABC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported a gross profit of 94.08M and revenue of 122.93M. Therefore, the gross margin over that period was 76.5%.

THFF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported an operating income of 0.00 and revenue of 77.95M, resulting in an operating margin of 0.0%.

GABC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported an operating income of 41.71M and revenue of 122.93M, resulting in an operating margin of 33.9%.

THFF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported a net income of 19.80M and revenue of 77.95M, resulting in a net margin of 25.4%.

GABC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported a net income of 33.15M and revenue of 122.93M, resulting in a net margin of 27.0%.

Frequently Asked Questions

Can I hold both THFF and GABC in my portfolio?

THFF and GABC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THFF or GABC?

THFF has higher volatility (6.38%) compared to GABC (5.19%). In terms of maximum drawdown, THFF dropped -51.80% vs GABC's -63.37%.

Which has better risk-adjusted returns?

THFF currently has the higher Sharpe Ratio (1.55 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.