Then in 2017, Donald Trump's First Year in
Office, this same First Financial Corp Generated Audited Total Pretax Income
Which Declined By 14% From That in 2016.
........................................................................................
From a review of US SEC filings, there was 1 Company headquartered
in Terre Haute, Indiana with a stock market cap of more than $100 mil recently …..
the well-run First Financial Corp.
Nearly all Republicans, a high percentage of Independents and
even many perceptive Democrats all agree as a starting point that for US
capitalism to work properly, Companies must generate in the aggregate
reasonably healthy profits. This just didn't happen in 2017 for Terre
Haute’s First Financial Corp.
My focus is on Pretax Income rather than on After-Tax Net Income
because Income Taxes are simply a transfer of financial wealth between US
Corporations and the US Federal, US State and Foreign Governments. It has
nothing whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Audited
Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the
Fiscal Years Ended 2017, 2016 and 2015 for this 1 Terre Haute, Indiana Company.
| FYE | FYE | FYE | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Terre Haute, Indiana Companies | Most | Income | Income | Income | 2016 | 2015 | |||
| Stock Market Caps Above $100 Mil | Recent | (Loss) | (Loss) | (Loss) | % | % | |||
| FYE | $ mils | $ mils | $ mils | Change | Change | ||||
| First Financial Corp | Terre Haute | IN | Dec 17 | 50 | 58 | 41 | -14% | 41% |
