How Lowery was paid
$2.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Norman D. LoweryChief Executive Officer, First Financial Bank, N.A. and First Financial Corporation | $675,350 | $523,503 | $486,252 | $614,372 | $96,248 | $2,395,725 |
| Rodger A. McHargueChief Financial Officer, First Financial Bank, N.A. and First Financial Corporation | $378,840 | $165,412 | $159,113 | $140,353 | $41,577 | $885,295 |
| Stephen P. PanagouleasChief Credit Officer, First Financial Bank, N.A. and First Financial Corporation | $306,700 | $59,450 | $128,730 | $34,492 | — | $529,372 |
| Mark A. FranklinChief Lending Officer, First Financial Bank, N.A. and First Financial Corporation | $308,509 | $119,677 | $129,574 | $41,142 | — | $598,902 |
What changed and why
- $2.4MCEO total compensation increased to $2,395,725 in 2025 from $1,351,844 in 2024.
- $79.2MNet income reached $79.2 million, or $6.68 per share, compared to $47.3 million in 2024.
- 13%Total dividends increased 13% to $2.04 per share, continuing over 30 years of increases.
- The Corporation announced a merger agreement with CedarStone Financial, Inc. in November 2025.
- 96%Shareholder support for the 2025 say-on-pay vote was approximately 96% of total votes cast.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.