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 $237.2 million and $214.0 million at September 30, 2026, and December 31, 2025, respectively, net of accumulated depreciation of $173.2 million

and $151.4 million, respectively. The Company recorded lease income of $21.0 million and $19.4 million related to lease payments for operating leases in Leasing business income in the Consolidated Statements of Income for the three months ended September 30, 2026 and 2025, respectively, and $62.1 million and $56.0 million for the nine months ended September 30, 2026 and 2025, respectively. Depreciation expense related to operating lease equipment was $14.3 million and $13.9 million for the three months ended September 30, 2026 and 2025, respectively, and $43.1 million and $39.9 million for the nine months ended September 30, 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 and nine month periods ended September 30, 2026 or 2025. Recognized impairment losses, if any, would be recorded in Leasing business income in the Consolidated Statements of Income.


(Dollars in thousands)	Undiscounted cash flows
2026 (remaining three months)	$	19,753
2027	65,619
2028	44,267
2029	30,340
2030	16,874
Thereafter	5,073
Total operating lease payments	$	181,926