First Financial provides financing for various types of equipment through a variety of leasing arrangements. Operating leases are carried at cost less accumulated depreciation in the Consolidated Balance Sheets. Operating leases were $220.1 million and $214.0 million at March 31, 2026 and December 31, 2025, respectively, net of accumulated depreciation of $154.9 million and $151.4 million, respectively. The Company recorded lease income of $20.2 million and $17.9 million related to lease payments for operating leases in Leasing business income in the Consolidated Statements of Income for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense related to operating lease equipment was $14.1 million and $12.8 million for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense related to operating lease equipment is included in Leasing business expense in the Consolidated Statements of Income.

First Financial performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. First Financial recognized no impairment losses associated with operating lease assets for the three months ended March 31, 2026 or 2025. Recognized impairment losses, if any, would be recorded in Leasing business income in the Consolidated Statements of Income.