First Financial Bancorp. (FFBC) Financials

$26.36 0.00 (0.00%)

Closing price 04:00 PM Eastern

Extended Trading

$26.30 -0.06 (-0.25%)

As of 07:35 PM Eastern

Annual Income Statements for First Financial Bancorp.

This table shows First Financial Bancorp.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	75	89	97	173	198	156	205	218	256	229
Consolidated Net Income / (Loss)	75	89	97	173	198	156	205	218	256	229
Net Income / (Loss) Continuing Operations	75	89	97	173	198	156	205	218	256	229
Total Pre-Tax Income	111	131	116	214	243	184	241	242	319	268
Total Revenue	322	342	360	553	616	646	624	709	840	836
Net Interest Income / (Expense)	247	273	284	449	484	457	452	519	628	612
Total Interest Income	270	306	333	540	608	525	483	585	903	1,002
Loans and Leases Interest Income	230	263	280	447	499	432	386	459	744	837
Investment Securities Interest Income	44	48	56	93	108	93	98	121	139	136
Other Interest Income	-4.68	-4.39	-3.52	0.69	0.81	0.28	0.15	5.48	20	30
Total Interest Expense	23	33	50	91	123	68	31	66	275	390
Deposits Interest Expense	19	23	35	57	79	42	14	28	202	331
Short-Term Borrowings Interest Expense	1.36	4.51	8.19	18	25	6.44	0.20	19	53	39
Long-Term Debt Interest Expense	2.42	6.16	6.15	16	19	20	16	19	20	20
Total Non-Interest Income	75	70	76	103	131	189	172	190	212	224
Service Charges on Deposit Accounts	-	19	20	35	38	29	32	28	27	29
Other Service Charges	50	26	29	40	34	24	30	32	36	42
Net Realized & Unrealized Capital Gains on Investments	12	12	13	13	31	75	41	19	17	0.04
Investment Banking Income	13	13	14	15	21	21	24	24	26	29
Other Non-Interest Income	-	-	0.00	0.00	7.74	39	45	87	105	124
Provision for Credit Losses	9.64	10	3.58	15	30	71	-18	12	43	48
Total Non-Interest Expense	201	201	240	324	342	391	401	455	478	520
Salaries and Employee Benefits	112	129	137	189	209	237	246	269	293	304
Net Occupancy & Equipment Expense	38	38	40	67	62	66	67	69	72	73
Marketing Expense	3.72	3.97	3.20	7.60	6.91	6.41	7.98	8.74	9.65	9.03
Property & Liability Insurance Claims	4.45	4.29	3.94	3.97	1.97	5.11	5.63	7.19	12	11
Other Operating Expenses	41	27	54	48	53	58	64	66	80	98
Amortization Expense	-	-	1.30	7.36	9.67	11	9.84	11	10	9.49
Other Special Charges	1.86	-1.21	-	0.00	0.00	7.26	-	24	1.30	14
Income Tax Expense	36	42	19	42	45	29	36	24	63	39
Basic Earnings per Share	$1.23	$1.45	$1.57	$1.95	$2.01	$1.60	$2.16	$2.33	$2.72	$2.42
Weighted Average Basic Shares Outstanding	61.06M	61.21M	61.53M	88.58M	98.31M	97.36M	95.03M	93.53M	93.94M	94.40M
Diluted Earnings per Share	$1.21	$1.43	$1.56	$1.93	$2.00	$1.59	$2.14	$2.30	$2.69	$2.40
Weighted Average Diluted Shares Outstanding	61.85M	61.99M	62.17M	89.61M	98.85M	98.09M	95.90M	94.59M	95.10M	95.41M
Weighted Average Basic & Diluted Shares Outstanding	61M	61.10M	61.60M	88.50M	98.49M	97.37M	94.15M	94.87M	95.07M	95.42M
Cash Dividends to Common per Share	$0.64	$0.64	$0.68	$0.78	$0.90	$0.92	$0.92	$0.92	$0.92	$0.94

This table shows First Financial Bancorp.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	56	69	70	66	63	57	51	61	52	65	51
Consolidated Net Income / (Loss)	56	69	70	66	63	57	51	61	52	65	51
Net Income / (Loss) Continuing Operations	56	69	70	66	63	57	51	61	52	65	51
Total Pre-Tax Income	47	79	88	81	78	71	62	75	65	67	64
Total Revenue	180	214	215	212	212	201	195	215	201	224	200
Net Interest Income / (Expense)	138	158	159	159	155	154	149	153	156	154	149
Total Interest Income	155	190	209	224	232	238	241	253	257	252	240
Loans and Leases Interest Income	122	152	170	184	192	197	202	212	215	208	197
Investment Securities Interest Income	31	34	35	36	35	34	31	33	35	36	37
Other Interest Income	1.60	3.26	3.54	3.93	5.01	7.33	7.46	7.96	6.70	7.66	6.65
Total Interest Expense	17	32	49	65	77	85	92	99	102	97	91
Deposits Interest Expense	6.39	16	31	44	57	69	76	83	87	85	79
Short-Term Borrowings Interest Expense	6.16	11	13	16	15	10	11	11	9.93	6.59	7.55
Long-Term Debt Interest Expense	4.68	4.76	4.86	4.84	4.95	5.20	4.93	4.99	5.07	5.15	4.94
Total Non-Interest Income	43	56	56	53	57	47	47	62	46	70	51
Service Charges on Deposit Accounts	6.28	6.41	6.51	6.97	6.96	6.85	6.91	7.19	7.55	7.63	7.46
Other Service Charges	7.59	6.95	9.68	9.07	11	6.83	8.05	9.11	14	11	8.29
Net Realized & Unrealized Capital Gains on Investments	4.30	6.32	2.46	5.20	4.03	5.64	-0.15	4.42	-11	7.07	-4.06
Investment Banking Income	5.49	5.65	6.33	6.71	6.94	6.09	6.68	7.17	6.91	7.96	8.14
Other Non-Interest Income	19	31	31	25	28	22	25	34	29	36	31
Provision for Credit Losses	8.28	10	10	11	12	10	11	16	11	9.43	8.70
Total Non-Interest Expense	125	124	117	121	122	119	122	124	126	148	128
Salaries and Employee Benefits	67	74	72	74	76	71	74	75	75	80	75
Net Occupancy & Equipment Expense	17	17	18	19	18	18	18	18	18	18	19
Marketing Expense	2.52	2.20	2.16	2.80	2.60	2.09	1.96	2.61	2.26	2.20	2.02
Property & Liability Insurance Claims	1.89	2.17	2.83	2.81	2.67	3.65	2.78	2.66	3.04	2.74	3.06
Other Operating Expenses	34	6.69	19	19	21	21	14	22	25	38	14
Amortization Expense	2.78	-1.30	2.60	2.60	2.60	2.60	12	2.40	2.40	-7.36	15
Other Special Charges	-	-	-	-	-	-	-	-	-	-	0.11
Income Tax Expense	-8.63	10	17	15	15	15	11	14	12	2.03	12
Basic Earnings per Share	$0.60	$0.74	$0.75	$0.70	$0.67	$0.60	$0.54	$0.64	$0.56	$0.68	$0.54
Weighted Average Basic Shares Outstanding	93.58M	93.53M	93.73M	93.92M	94.03M	93.94M	94.22M	94.44M	94.47M	94.40M	94.65M
Diluted Earnings per Share	$0.59	$0.72	$0.74	$0.69	$0.66	$0.60	$0.53	$0.64	$0.55	$0.68	$0.54
Weighted Average Diluted Shares Outstanding	94.79M	94.59M	94.96M	95.17M	95.13M	95.10M	95.18M	95.47M	95.48M	95.41M	95.52M
Weighted Average Basic & Diluted Shares Outstanding	94.84M	94.87M	95.15M	95.12M	95.12M	95.07M	95.46M	95.48M	95.49M	95.42M	95.74M

This table details how cash moves in and out of First Financial Bancorp.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	4.72	6.76	29	86	-36	30	-11	-13	5.56	-39
Net Cash From Operating Activities	92	143	124	260	186	108	388	201	487	262
Net Cash From Continuing Operating Activities	82	131	124	260	186	108	388	201	487	262
Net Income / (Loss) Continuing Operations	75	89	97	173	198	156	205	218	256	229
Consolidated Net Income / (Loss)	75	89	97	173	198	156	205	218	256	229
Provision For Loan Losses	9.64	10	3.58	15	31	71	-18	12	43	48
Depreciation Expense	13	13	13	24	28	33	32	31	30	30
Amortization Expense	7.90	8.48	11	11	11	21	29	20	7.19	11
Non-Cash Adjustments to Reconcile Net Income	-11	12	-4.78	12	8.36	-43	21	-5.53	23	49
Changes in Operating Assets and Liabilities, net	-3.33	11	4.49	26	-90	-130	119	-75	128	-105
Net Cash From Investing Activities	-919	-313	-429	-205	-252	-1,203	-510	-883	-701	-1,000
Net Cash From Continuing Investing Activities	-919	-313	-429	-205	-253	-1,203	-510	-883	-701	-1,000
Purchase of Property, Leasehold Improvements and Equipment	-7.47	-9.73	-6.54	-18	-21	-16	-15	-14	-24	-21
Purchase of Investment Securities	-1,258	-838	-1,015	-971	-1,308	-2,325	-2,037	-1,670	-782	-1,896
Sale and/or Maturity of Investments	347	534	592	720	1,076	1,139	1,542	830	167	973
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	-29	-61	-56
Net Cash From Financing Activities	832	178	335	30	31	1,125	111	670	220	699
Net Cash From Continuing Financing Activities	832	178	335	30	31	1,125	111	670	220	699
Net Change in Deposits	524	346	369	-19	70	2,022	640	-171	660	968
Issuance of Debt	397	0.00	6.65	150	275	-109	130	927	-353	-180
Payment of Dividends	-39	-39	-41	-80	-89	-90	-87	-87	-87	-90
Other Financing Activities, Net	0.89	1.07	0.34	0.28	0.09	0.07	0.06	0.18	0.05	0.00
Cash Interest Paid	21	33	49	84	122	76	33	60	235	398
Cash Income Taxes Paid	31	38	38	16	27	33	18	5.70	10	28

This table details how cash moves in and out of First Financial Bancorp.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-107	12	-7.67	18	2.95	-7.28	-14	-5.61	-3.18	-16	16
Net Cash From Operating Activities	-92	27	172	107	92	116	32	68	88	74	56
Net Cash From Continuing Operating Activities	-92	27	172	107	92	116	32	68	88	74	56
Net Income / (Loss) Continuing Operations	56	69	70	66	63	57	51	61	52	65	51
Consolidated Net Income / (Loss)	56	69	70	66	63	57	51	61	52	65	51
Provision For Loan Losses	8.28	10	10	11	12	10	11	16	11	9.43	8.70
Depreciation Expense	7.74	7.34	7.52	7.52	7.63	7.36	7.40	7.78	7.67	7.49	7.33
Amortization Expense	-0.89	9.90	3.81	3.76	3.73	-4.11	3.34	3.11	2.72	1.99	1.69
Non-Cash Adjustments to Reconcile Net Income	6.60	-20	-8.79	14	-1.25	19	20	-3.73	19	14	42
Changes in Operating Assets and Liabilities, net	-169	-50	89	5.49	6.89	27	-61	-16	-4.36	-24	-54
Net Cash From Investing Activities	-318	-472	-57	-184	54	-514	-43	-568	7.72	-396	73
Net Cash From Continuing Investing Activities	-318	-472	-57	-184	54	-514	-43	-568	7.72	-396	73
Purchase of Property, Leasehold Improvements and Equipment	-2.53	-4.02	-4.49	-7.54	-6.10	-6.00	-7.12	-3.29	-3.67	-7.00	-3.75
Purchase of Investment Securities	-435	-686	-81	-312	-18	-371	-382	-676	-369	-469	-335
Sale and/or Maturity of Investments	119	248	91	114	82	-120	354	117	414	87	416
Other Investing Activities, net	-	-	-62	22	-4.61	-16	-8.26	-6.00	-34	-8.04	-4.53
Net Cash From Financing Activities	303	457	-122	94	-142	390	-2.25	495	-99	306	-112
Net Cash From Continuing Financing Activities	303	457	-122	94	-142	390	-2.25	495	-99	306	-112
Net Change in Deposits	63	361	-26	120	121	445	96	205	286	381	-132
Issuance of Debt	265	62	-70	-1.28	-242	-40	-76	317	-368	-54	44
Repayment of Debt	-3.74	-	-4.22	-2.87	0.75	-	-1.07	-4.87	5.34	-	-1.55
Payment of Dividends	-22	-22	-22	-22	-22	-22	-22	-22	-23	-23	-23
Cash Interest Paid	15	29	31	52	68	84	95	95	102	106	90
Cash Income Taxes Paid	0.54	0.85	0.32	7.39	0.68	1.68	0.01	21	4.68	1.59	0.11

This table presents First Financial Bancorp.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	8,147	8,438	301	13,987	14,512	15,973	16,329	17,003	17,533	18,570
Cash and Due from Banks	115	122	151	236	201	231	220	208	213	174
Interest Bearing Deposits at Other Banks	34	82	-	38	57	20	215	388	793	730
Trading Account Securities	1,938	1,816	-	3,213	3,009	3,597	4,336	3,502	3,111	3,274
Loans and Leases, Net of Allowance	5,335	5,700	-54	8,768	9,144	9,725	9,156	10,166	10,792	11,605
Loans and Leases	5,389	5,757	-	8,824	9,202	9,901	9,288	10,299	10,933	11,762
Allowance for Loan and Lease Losses	53	58	54	57	58	176	132	133	141	157
Premises and Equipment, Net	137	132	-	216	215	207	254	281	348	407
Goodwill	-	-	204	880	938	938	1,001	1,002	1,006	1,008
Intangible Assets	212	211	-	41	76	65	104	94	84	79
Other Assets	395	376	-	595	873	1,190	1,043	1,364	1,187	1,293
Total Liabilities & Shareholders' Equity	8,147	8,438	794	13,987	14,512	15,973	16,329	17,003	17,533	18,570
Total Liabilities	7,338	7,573	815	11,908	12,264	13,691	14,070	14,962	15,265	16,132
Non-Interest Bearing Deposits	1,413	1,548	-	2,492	2,644	3,764	4,186	4,135	3,318	3,132
Interest Bearing Deposits	4,766	4,978	-	7,648	7,566	8,468	8,686	8,566	10,043	11,197
Short-Term Debt	-	-	815	-	-	0.00	20	157	138	130
Long-Term Debt	969	807	-	1,428	1,565	776	635	1,477	1,144	973
Other Long-Term Liabilities	100	119	-	157	323	516	492	627	622	700
Total Equity & Noncontrolling Interests	809	865	-20	2,078	2,248	2,282	2,259	2,041	2,268	2,438
Total Preferred & Common Equity	809	865	931	2,078	2,248	2,282	2,259	2,041	2,268	2,438
Total Common Equity	809	865	-20	2,078	2,248	2,282	2,259	2,041	2,268	2,438
Common Stock	571	570	-	1,633	1,641	1,639	1,640	1,635	1,639	1,642
Retained Earnings	388	437	-	600	711	720	837	968	1,137	1,276
Treasury Stock	-119	-114	-	-111	-118	-126	-218	-203	-198	-191
Accumulated Other Comprehensive Income / (Loss)	-31	-28	-20	-44	13	49	-0.43	-359	-310	-290

This table presents First Financial Bancorp.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	16,624	16,934	17,090	17,055	17,599	18,166	18,146	18,455
Cash and Due from Banks	196	200	217	220	199	194	191	191
Interest Bearing Deposits at Other Banks	339	305	485	453	751	739	661	633
Trading Account Securities	3,628	3,477	3,347	3,138	2,942	3,133	3,248	3,355
Loans and Leases, Net of Allowance	9,673	10,292	10,402	10,502	11,061	11,365	11,394	11,569
Loans and Leases	9,797	10,433	10,550	10,647	11,205	11,521	11,553	11,724
Allowance for Loan and Lease Losses	124	142	149	145	144	156	159	155
Premises and Equipment, Net	274	343	324	329	360	365	398	412
Goodwill	998	1,006	1,006	1,006	1,008	1,008	1,008	1,008
Intangible Assets	97	91	89	86	86	84	82	77
Other Assets	1,419	11,511	1,220	1,320	1,193	1,280	1,166	1,211
Total Liabilities & Shareholders' Equity	16,624	16,934	17,090	17,055	17,599	18,166	18,146	18,455
Total Liabilities	14,630	14,812	14,947	14,925	15,312	15,840	15,696	15,954
Non-Interest Bearing Deposits	4,137	3,830	3,605	3,439	3,176	3,061	3,108	3,161
Interest Bearing Deposits	8,203	8,845	9,190	9,477	10,281	10,600	10,840	11,036
Short-Term Debt	185	128	166	219	162	139	47	65
Long-Term Debt	1,328	1,432	1,390	1,096	1,043	1,379	1,109	1,081
Other Long-Term Liabilities	774	577	596	695	650	660	592	611
Total Equity & Noncontrolling Interests	1,994	2,121	2,143	2,130	2,287	2,326	2,450	2,501
Total Preferred & Common Equity	1,994	2,121	2,143	2,130	2,287	2,326	2,450	2,501
Total Common Equity	1,994	2,131	2,143	2,130	2,287	2,326	2,450	2,501
Common Stock	1,632	1,629	1,633	1,636	1,633	1,636	1,639	1,637
Retained Earnings	921	1,017	1,061	1,102	1,166	1,205	1,234	1,305
Treasury Stock	-204	-188	-197	-198	-191	-191	-191	-187
Accumulated Other Comprehensive Income / (Loss)	-355	-328	-353	-410	-321	-323	-232	-254

This table displays calculated financial ratios and metrics derived from First Financial Bancorp.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.95%	6.39%	5.09%	53.64%	11.40%	4.87%	-3.41%	13.66%	18.54%	-0.55%
EBITDA Growth	14.68%	15.25%	-8.30%	78.53%	13.32%	-15.45%	26.49%	-2.88%	21.29%	-12.93%
EBIT Growth	16.74%	17.85%	-11.14%	84.41%	13.37%	-24.07%	30.65%	0.33%	31.80%	-15.78%
NOPAT Growth	15.48%	17.94%	9.33%	78.32%	14.76%	-21.34%	31.67%	6.07%	17.58%	-10.57%
Net Income Growth	15.48%	17.94%	9.33%	78.32%	14.76%	-21.34%	31.67%	6.07%	17.58%	-10.57%
EPS Growth	11.01%	18.18%	9.09%	23.72%	3.63%	-20.50%	34.59%	7.48%	16.96%	-10.78%
Operating Cash Flow Growth	61.63%	55.73%	-13.38%	110.77%	-28.43%	-41.84%	258.20%	-48.26%	142.46%	-46.17%
Free Cash Flow Firm Growth	-537.44%	162.10%	656.89%	-306.51%	96.41%	936.06%	-61.60%	-255.53%	170.09%	-37.63%
Invested Capital Growth	27.87%	-5.93%	-82.02%	1,065.93%	8.76%	-19.80%	-4.72%	26.13%	-3.41%	-0.25%
Revenue Q/Q Growth	1.20%	1.55%	1.95%	12.51%	0.03%	3.91%	-3.63%	8.82%	-1.54%	2.89%
EBITDA Q/Q Growth	2.17%	3.67%	-13.83%	30.98%	-4.41%	2.71%	-2.42%	13.40%	-3.90%	0.57%
EBIT Q/Q Growth	2.20%	4.34%	-16.46%	34.97%	-3.51%	-2.28%	0.38%	11.47%	-2.47%	-1.64%
NOPAT Q/Q Growth	1.65%	4.08%	1.61%	21.24%	-3.12%	-0.23%	-0.66%	11.33%	-4.61%	3.69%
Net Income Q/Q Growth	1.65%	4.08%	1.59%	21.21%	-3.10%	-0.23%	-0.66%	11.33%	-4.61%	3.69%
EPS Q/Q Growth	1.68%	5.15%	1.30%	9.04%	-3.38%	0.63%	0.47%	10.05%	-4.27%	3.45%
Operating Cash Flow Q/Q Growth	23.51%	32.07%	-21.75%	26.93%	-3.89%	215.39%	-10.82%	-28.11%	22.53%	-13.84%
Free Cash Flow Firm Q/Q Growth	-529.86%	276.06%	1,954.80%	-67.52%	-190.00%	99.62%	-63.20%	-16.69%	15.37%	302.26%
Invested Capital Q/Q Growth	8.83%	-8.56%	-83.77%	-7.87%	-1.95%	-14.79%	2.41%	4.80%	3.06%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	41.06%	44.48%	38.81%	45.10%	45.88%	36.99%	48.44%	41.39%	42.35%	37.08%
EBIT Margin	34.48%	38.20%	32.30%	38.76%	39.45%	28.56%	38.63%	34.10%	37.92%	32.11%
Profit (Net Income) Margin	23.33%	25.86%	26.91%	31.23%	32.17%	24.13%	32.90%	30.70%	30.45%	27.39%
Tax Burden Percent	67.67%	67.72%	83.32%	80.57%	81.56%	84.49%	85.15%	90.03%	80.31%	85.28%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	32.33%	32.28%	16.68%	19.43%	18.44%	15.51%	14.85%	9.97%	19.69%	14.72%
Return on Invested Capital (ROIC)	4.74%	5.13%	9.81%	9.07%	5.41%	4.54%	6.87%	6.61%	7.08%	6.45%
ROIC Less NNEP Spread (ROIC-NNEP)	4.74%	5.13%	9.81%	9.07%	5.41%	4.54%	6.87%	6.61%	7.08%	6.45%
Return on Net Nonoperating Assets (RNNOA)	4.68%	5.44%	13.10%	7.71%	3.75%	2.34%	2.17%	3.52%	4.79%	3.27%
Return on Equity (ROE)	9.42%	10.57%	22.91%	16.77%	9.16%	6.88%	9.04%	10.12%	11.87%	9.73%
Cash Return on Invested Capital (CROIC)	-19.72%	11.25%	148.85%	-159.33%	-2.98%	26.50%	11.71%	-16.51%	10.55%	6.71%
Operating Return on Assets (OROA)	1.44%	1.58%	2.66%	3.00%	1.70%	1.21%	1.49%	1.45%	1.85%	1.49%
Return on Assets (ROA)	0.98%	1.07%	2.22%	2.42%	1.39%	1.02%	1.27%	1.31%	1.48%	1.27%
Return on Common Equity (ROCE)	9.42%	10.57%	22.91%	16.77%	9.16%	6.88%	9.04%	10.12%	11.87%	9.73%
Return on Equity Simple (ROE_SIMPLE)	9.27%	10.23%	10.40%	8.30%	8.81%	6.83%	9.08%	10.66%	11.28%	9.39%
Net Operating Profit after Tax (NOPAT)	75	89	97	173	198	156	205	218	256	229
NOPAT Margin	23.33%	25.86%	26.91%	31.23%	32.17%	24.13%	32.90%	30.70%	30.45%	27.39%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.66%	49.93%	50.13%	47.73%	45.13%	47.85%	51.51%	48.99%	44.60%	46.20%
Operating Expenses to Revenue	62.52%	58.84%	66.71%	58.55%	55.61%	60.51%	64.27%	64.24%	56.95%	62.18%
Earnings before Interest and Taxes (EBIT)	111	131	116	214	243	184	241	242	319	268
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	152	140	249	282	239	302	293	356	310
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.00	1.53	0.00	0.88	0.92	0.65	0.91	1.04	0.96	1.05
Price to Tangible Book Value (P/TBV)	1.35	2.02	0.00	1.58	1.68	1.16	1.79	2.24	1.85	1.90
Price to Revenue (P/Rev)	2.52	3.86	3.49	3.32	3.36	2.31	3.30	2.99	2.59	3.07
Price to Earnings (P/E)	10.78	14.91	12.99	10.62	10.45	9.56	10.04	9.73	8.50	11.22
Dividend Yield	4.88%	3.00%	3.36%	4.17%	4.32%	6.05%	4.19%	4.12%	4.02%	3.50%
Earnings Yield	9.28%	6.71%	7.70%	9.42%	9.57%	10.46%	9.96%	10.28%	11.77%	8.92%
Enterprise Value to Invested Capital (EV/IC)	0.92	1.15	6.39	0.85	0.89	0.66	0.78	0.86	0.69	0.78
Enterprise Value to Revenue (EV/Rev)	5.06	5.62	5.34	5.40	5.49	3.12	3.66	4.45	2.92	3.31
Enterprise Value to EBITDA (EV/EBITDA)	12.33	12.63	13.76	11.98	11.96	8.44	7.55	10.76	6.89	8.93
Enterprise Value to EBIT (EV/EBIT)	14.69	14.71	16.53	13.94	13.91	10.93	9.46	13.06	7.69	10.31
Enterprise Value to NOPAT (EV/NOPAT)	21.70	21.73	19.84	17.30	17.06	12.93	11.11	14.50	9.58	12.08
Enterprise Value to Operating Cash Flow (EV/OCF)	17.79	13.49	15.55	11.47	18.13	18.59	5.87	15.71	5.03	10.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.91	1.31	0.00	0.00	2.21	6.52	0.00	6.43	11.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.20	0.93	-39.95	0.69	0.70	0.34	0.29	0.80	0.57	0.45
Long-Term Debt to Equity	1.20	0.93	0.00	0.69	0.70	0.34	0.28	0.72	0.50	0.40
Financial Leverage	0.99	1.06	1.34	0.85	0.69	0.52	0.32	0.53	0.68	0.51
Leverage Ratio	9.64	9.90	10.34	6.94	6.59	6.73	7.11	7.75	8.01	7.67
Compound Leverage Factor	9.64	9.90	10.34	6.94	6.59	6.73	7.11	7.75	8.01	7.67
Debt to Total Capital	54.48%	48.27%	102.57%	40.72%	41.05%	25.38%	22.47%	44.46%	36.11%	31.15%
Short-Term Debt to Total Capital	0.00%	0.00%	102.57%	0.00%	0.00%	0.00%	0.69%	4.28%	3.88%	3.68%
Long-Term Debt to Total Capital	54.48%	48.27%	0.00%	40.72%	41.05%	25.38%	21.79%	40.18%	32.23%	27.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	45.52%	51.73%	-2.57%	59.28%	58.95%	74.62%	77.53%	55.54%	63.89%	68.85%
Debt to EBITDA	7.33	5.30	5.83	5.73	5.54	3.25	2.17	5.57	3.60	3.56
Net Debt to EBITDA	6.21	3.96	4.76	4.63	4.63	2.20	0.73	3.54	0.78	0.64
Long-Term Debt to EBITDA	7.33	5.30	0.00	5.73	5.54	3.25	2.10	5.03	3.22	3.14
Debt to NOPAT	12.90	9.12	8.42	8.27	7.90	4.98	3.19	7.51	5.01	4.82
Net Debt to NOPAT	10.93	6.81	6.86	6.69	6.60	3.37	1.07	4.77	1.08	0.87
Long-Term Debt to NOPAT	12.90	9.12	0.00	8.27	7.90	4.98	3.09	6.79	4.47	4.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-312	194	1,469	-3,033	-109	911	350	-544	381	238
Operating Cash Flow to CapEx	1,226.29%	1,466.17%	1,889.61%	1,428.28%	890.08%	658.10%	2,531.51%	1,457.73%	2,017.69%	1,243.92%
Free Cash Flow to Firm to Interest Expense	-13.43	5.83	29.65	-33.27	-0.88	13.30	11.24	-8.26	1.38	0.61
Operating Cash Flow to Interest Expense	3.94	4.29	2.49	2.86	1.51	1.58	12.48	3.05	1.77	0.67
Operating Cash Flow Less CapEx to Interest Expense	3.62	3.99	2.36	2.66	1.34	1.34	11.99	2.84	1.68	0.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.08	0.08	0.04	0.04	0.04	0.04	0.05	0.05
Fixed Asset Turnover	2.31	2.55	0.00	0.00	2.86	3.06	2.71	2.65	2.67	2.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,778	1,673	301	3,506	3,813	3,058	2,914	3,675	3,550	3,541
Invested Capital Turnover	0.20	0.20	0.36	0.29	0.17	0.19	0.21	0.22	0.23	0.24
Increase / (Decrease) in Invested Capital	387	-106	-1,372	3,205	307	-755	-144	761	-125	-8.90
Enterprise Value (EV)	1,629	1,923	1,921	2,987	3,379	2,015	2,280	3,156	2,450	2,765
Market Capitalization	809	1,320	1,257	1,833	2,071	1,490	2,060	2,118	2,174	2,567
Book Value per Share	$13.13	$13.97	($0.33)	$21.23	$22.62	$23.28	$24.10	$21.52	$23.84	$25.53
Tangible Book Value per Share	$9.69	$10.57	($3.62)	$11.82	$12.41	$13.06	$12.31	$9.97	$12.39	$14.15
Total Capital	1,778	1,673	794	3,506	3,813	3,058	2,914	3,675	3,550	3,541
Total Debt	969	807	815	1,428	1,565	776	655	1,634	1,282	1,103
Total Long-Term Debt	969	807	0.00	1,428	1,565	776	635	1,477	1,144	973
Net Debt	820	603	664	1,154	1,308	525	220	1,038	276	198
Capital Expenditures (CapEx)	7.47	9.73	6.54	18	21	16	15	14	24	21
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	969	807	321	1,428	1,565	776	655	1,634	1,282	1,103
Total Depreciation and Amortization (D&A)	21	22	23	35	40	54	61	52	37	41
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.23	$1.45	$1.57	$1.95	$2.01	$1.60	$2.16	$2.33	$2.72	$2.42
Adjusted Weighted Average Basic Shares Outstanding	61.06M	61.21M	61.53M	88.58M	98.31M	97.36M	95.03M	93.53M	93.94M	94.40M
Adjusted Diluted Earnings per Share	$1.21	$1.43	$1.56	$1.93	$2.00	$1.59	$2.14	$2.30	$2.69	$2.40
Adjusted Weighted Average Diluted Shares Outstanding	61.85M	61.99M	62.17M	89.61M	98.85M	98.09M	95.90M	94.59M	95.10M	95.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	61.64M	62.00M	62.09M	98.39M	98.49M	97.37M	94.15M	94.87M	95.07M	95.42M
Normalized Net Operating Profit after Tax (NOPAT)	76	88	97	173	198	162	205	239	257	241
Normalized NOPAT Margin	23.72%	25.62%	26.91%	31.23%	32.17%	25.08%	32.90%	33.73%	30.58%	28.86%
Pre Tax Income Margin	34.48%	38.20%	32.30%	38.76%	39.45%	28.56%	38.63%	34.10%	37.92%	32.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.77	3.93	2.35	2.35	1.97	2.69	7.75	3.67	1.16	0.69
NOPAT to Interest Expense	3.23	2.66	1.95	1.89	1.61	2.28	6.60	3.30	0.93	0.59
EBIT Less CapEx to Interest Expense	4.45	3.64	2.21	2.15	1.80	2.45	7.25	3.46	1.07	0.63
NOPAT Less CapEx to Interest Expense	2.91	2.37	1.82	1.69	1.44	2.04	6.10	3.09	0.84	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.05%	44.20%	42.55%	46.15%	44.98%	57.56%	42.56%	39.80%	34.06%	39.13%
Augmented Payout Ratio	58.04%	44.20%	42.55%	46.15%	78.41%	68.27%	95.24%	39.80%	34.06%	39.13%

This table displays calculated financial ratios and metrics derived from First Financial Bancorp.'s official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.70%	36.73%	45.53%	27.40%	17.55%	-6.16%	-9.13%	1.09%	-5.10%	11.70%	2.63%
EBITDA Growth	-34.02%	55.85%	52.93%	18.53%	66.40%	-22.81%	-26.81%	-7.30%	-16.12%	2.34%	0.21%
EBIT Growth	-29.77%	45.56%	73.13%	25.74%	66.47%	-10.15%	-29.60%	-7.83%	-17.21%	-6.27%	3.02%
NOPAT Growth	-7.18%	47.16%	70.46%	27.46%	13.21%	-17.88%	-28.00%	-7.40%	-16.83%	14.37%	1.19%
Net Income Growth	-7.18%	47.16%	70.46%	27.46%	13.21%	-17.88%	-28.00%	-7.40%	-16.83%	14.37%	1.19%
EPS Growth	-6.35%	41.18%	68.18%	25.45%	11.86%	-16.67%	-28.38%	-7.25%	-16.67%	13.33%	1.89%
Operating Cash Flow Growth	-218.37%	-74.67%	19.74%	-12.36%	200.21%	336.07%	-81.46%	-36.31%	-3.95%	-36.25%	75.74%
Free Cash Flow Firm Growth	-175.37%	-461.64%	-600.34%	34.19%	120.67%	126.29%	126.40%	73.07%	-187.15%	-59.46%	-143.01%
Invested Capital Growth	23.25%	26.13%	36.24%	11.33%	-1.77%	-3.41%	-5.14%	3.91%	4.69%	-0.25%	4.42%
Revenue Q/Q Growth	8.18%	18.57%	0.43%	-1.10%	-0.19%	-5.34%	-2.74%	10.02%	-6.31%	11.42%	-10.65%
EBITDA Q/Q Growth	-30.85%	79.32%	11.17%	-6.65%	-2.92%	-16.82%	-2.90%	18.23%	-12.16%	1.48%	-4.92%
EBIT Q/Q Growth	-27.06%	68.80%	10.36%	-7.46%	-3.43%	-8.90%	-13.52%	21.15%	-13.26%	3.14%	-4.95%
NOPAT Q/Q Growth	8.12%	24.02%	1.91%	-6.73%	-3.97%	-10.04%	-10.65%	19.96%	-13.74%	23.71%	-20.95%
Net Income Q/Q Growth	8.12%	24.02%	1.91%	-6.73%	-3.97%	-10.04%	-10.65%	19.96%	-13.74%	23.71%	-20.95%
EPS Q/Q Growth	7.27%	22.03%	2.78%	-6.76%	-4.35%	-9.09%	-11.67%	20.75%	-14.06%	23.64%	-20.59%
Operating Cash Flow Q/Q Growth	-175.08%	129.10%	546.42%	-37.95%	-14.15%	26.64%	-72.51%	113.13%	29.47%	-15.95%	-24.23%
Free Cash Flow Firm Q/Q Growth	-28.30%	-14.28%	-31.30%	65.81%	140.30%	45.37%	31.85%	-134.87%	-30.38%	167.61%	-239.90%
Invested Capital Q/Q Growth	5.52%	4.80%	0.18%	0.49%	-6.89%	3.06%	-1.62%	10.07%	-6.19%	-1.81%	2.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.89%	45.20%	46.08%	43.50%	42.31%	37.18%	37.12%	39.89%	37.40%	34.06%	36.24%
EBIT Margin	26.09%	37.14%	40.81%	38.19%	36.95%	35.56%	31.62%	34.82%	32.24%	29.84%	31.74%
Profit (Net Income) Margin	30.87%	32.29%	32.77%	30.90%	29.73%	28.26%	25.96%	28.31%	26.06%	28.93%	25.60%
Tax Burden Percent	118.34%	86.95%	80.29%	80.92%	80.47%	79.47%	82.10%	81.30%	80.85%	96.97%	80.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-18.34%	13.05%	19.71%	19.08%	19.53%	20.53%	17.90%	18.70%	19.15%	3.03%	19.35%
Return on Invested Capital (ROIC)	6.33%	6.95%	7.97%	7.23%	7.30%	6.57%	5.94%	6.18%	6.00%	6.82%	6.03%
ROIC Less NNEP Spread (ROIC-NNEP)	6.33%	6.95%	7.97%	7.23%	7.30%	6.57%	5.94%	6.18%	6.00%	6.82%	6.03%
Return on Net Nonoperating Assets (RNNOA)	3.18%	3.70%	3.97%	4.83%	5.01%	4.45%	3.73%	4.25%	3.24%	3.46%	2.96%
Return on Equity (ROE)	9.51%	10.65%	11.94%	12.06%	12.31%	11.02%	9.66%	10.42%	9.24%	10.27%	8.99%
Cash Return on Invested Capital (CROIC)	-14.67%	-16.51%	-22.95%	-3.29%	9.51%	10.55%	11.86%	2.30%	1.68%	6.71%	2.10%
Operating Return on Assets (OROA)	1.04%	1.58%	1.92%	1.88%	1.87%	1.73%	1.50%	1.63%	1.49%	1.38%	1.48%
Return on Assets (ROA)	1.23%	1.37%	1.54%	1.52%	1.51%	1.38%	1.23%	1.32%	1.20%	1.34%	1.19%
Return on Common Equity (ROCE)	9.51%	10.65%	11.97%	12.06%	12.31%	11.02%	9.68%	10.42%	9.24%	10.27%	8.99%
Return on Equity Simple (ROE_SIMPLE)	9.80%	0.00%	11.63%	12.17%	12.60%	0.00%	10.33%	9.94%	9.01%	0.00%	9.17%
Net Operating Profit after Tax (NOPAT)	56	69	70	66	63	57	51	61	52	65	51
NOPAT Margin	30.87%	32.29%	32.77%	30.90%	29.73%	28.26%	25.96%	28.31%	26.06%	28.93%	25.60%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	48.06%	43.50%	43.02%	45.10%	45.20%	45.14%	48.10%	44.76%	47.43%	44.84%	47.83%
Operating Expenses to Revenue	69.32%	58.17%	54.31%	56.76%	57.55%	59.34%	62.67%	57.53%	62.49%	65.96%	63.92%
Earnings before Interest and Taxes (EBIT)	47	79	88	81	78	71	62	75	65	67	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	97	99	92	90	75	72	86	75	76	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	1.04	0.92	0.87	0.84	0.96	0.92	0.91	0.98	1.05	0.95
Price to Tangible Book Value (P/TBV)	2.07	2.24	1.89	1.78	1.72	1.85	1.77	1.72	1.77	1.90	1.68
Price to Revenue (P/Rev)	2.85	2.99	2.52	2.27	2.10	2.59	2.57	2.58	2.97	3.07	2.84
Price to Earnings (P/E)	9.51	9.73	7.92	7.14	6.67	8.50	8.94	9.17	10.92	11.22	10.39
Dividend Yield	4.70%	4.12%	4.47%	4.70%	4.89%	4.02%	4.15%	4.14%	3.69%	3.50%	3.80%
Earnings Yield	10.52%	10.28%	12.62%	14.01%	14.99%	11.77%	11.19%	10.90%	9.16%	8.92%	9.63%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.86	0.82	0.73	0.71	0.69	0.68	0.70	0.75	0.78	0.74
Enterprise Value to Revenue (EV/Rev)	4.36	4.45	3.88	3.31	2.85	2.92	2.88	3.29	3.34	3.31	3.22
Enterprise Value to EBITDA (EV/EBITDA)	10.97	10.76	9.41	8.12	6.57	6.89	7.18	8.39	8.81	8.93	8.73
Enterprise Value to EBIT (EV/EBIT)	13.08	13.06	10.80	9.20	7.44	7.69	8.08	9.45	9.95	10.31	10.01
Enterprise Value to NOPAT (EV/NOPAT)	14.51	14.50	12.20	10.41	9.06	9.58	10.02	11.70	12.30	12.08	11.79
Enterprise Value to Operating Cash Flow (EV/OCF)	10.15	15.71	13.13	12.68	6.12	5.03	6.82	8.79	8.92	10.55	9.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	7.36	6.43	5.56	31.19	45.92	11.63	36.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.80	0.74	0.73	0.62	0.57	0.53	0.65	0.47	0.45	0.46
Long-Term Debt to Equity	0.67	0.72	0.68	0.65	0.51	0.50	0.46	0.59	0.45	0.40	0.43
Financial Leverage	0.50	0.53	0.50	0.67	0.69	0.68	0.63	0.69	0.54	0.51	0.49
Leverage Ratio	7.70	7.75	7.74	7.91	8.17	8.01	7.83	7.89	7.69	7.67	7.53
Compound Leverage Factor	7.70	7.75	7.74	7.91	8.17	8.01	7.83	7.89	7.69	7.67	7.53
Debt to Total Capital	43.13%	44.46%	42.38%	42.06%	38.18%	36.11%	34.51%	39.48%	32.05%	31.15%	31.41%
Short-Term Debt to Total Capital	5.27%	4.28%	3.48%	4.49%	6.36%	3.88%	4.64%	3.62%	1.29%	3.68%	1.78%
Long-Term Debt to Total Capital	37.86%	40.18%	38.90%	37.58%	31.82%	32.23%	29.87%	35.86%	30.76%	27.46%	29.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.87%	55.54%	57.87%	57.94%	61.82%	63.89%	65.49%	60.52%	67.95%	68.85%	68.59%
Debt to EBITDA	5.85	5.57	4.88	4.65	3.55	3.60	3.66	4.71	3.75	3.56	3.70
Net Debt to EBITDA	3.78	3.54	3.30	2.55	1.73	0.78	0.77	1.82	0.99	0.64	1.04
Long-Term Debt to EBITDA	5.13	5.03	4.48	4.16	2.96	3.22	3.17	4.27	3.60	3.14	3.49
Debt to NOPAT	7.74	7.51	6.32	5.97	4.90	5.01	5.10	6.56	5.24	4.82	4.99
Net Debt to NOPAT	5.00	4.77	4.28	3.27	2.39	1.08	1.08	2.53	1.38	0.87	1.40
Long-Term Debt to NOPAT	6.79	6.79	5.80	5.33	4.09	4.47	4.42	5.96	5.03	4.25	4.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-0.21%	0.00%	0.00%	0.00%	-0.21%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-606	-692	-909	-311	125	182	240	-84	-109	74	-103
Operating Cash Flow to CapEx	-3,625.54%	663.35%	3,832.76%	1,417.23%	1,503.61%	1,935.83%	448.34%	2,071.09%	2,402.15%	1,058.12%	1,496.45%
Free Cash Flow to Firm to Interest Expense	-35.18	-21.62	-18.45	-4.81	1.63	2.15	2.61	-0.84	-1.07	0.76	-1.13
Operating Cash Flow to Interest Expense	-5.32	0.83	3.50	1.65	1.20	1.37	0.35	0.68	0.87	0.76	0.62
Operating Cash Flow Less CapEx to Interest Expense	-5.46	0.71	3.40	1.54	1.12	1.30	0.27	0.65	0.83	0.69	0.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Fixed Asset Turnover	2.79	2.65	2.50	2.75	2.83	2.67	2.34	2.39	2.23	2.21	2.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,507	3,675	3,682	3,700	3,445	3,550	3,492	3,844	3,606	3,541	3,647
Invested Capital Turnover	0.21	0.22	0.24	0.23	0.25	0.23	0.23	0.22	0.23	0.24	0.24
Increase / (Decrease) in Invested Capital	662	761	979	376	-62	-125	-189	145	162	-8.90	155
Enterprise Value (EV)	2,837	3,156	3,010	2,716	2,431	2,450	2,365	2,706	2,714	2,765	2,705
Market Capitalization	1,859	2,118	1,955	1,862	1,789	2,174	2,111	2,121	2,409	2,567	2,384
Book Value per Share	$21.02	$21.52	$22.46	$22.53	$22.39	$23.84	$24.27	$24.37	$25.66	$25.53	$26.21
Tangible Book Value per Share	$9.48	$9.97	$10.90	$11.02	$10.90	$12.39	$12.67	$12.94	$14.26	$14.15	$14.85
Total Capital	3,507	3,675	3,682	3,700	3,445	3,550	3,492	3,844	3,606	3,541	3,647
Total Debt	1,513	1,634	1,560	1,556	1,315	1,282	1,205	1,518	1,156	1,103	1,146
Total Long-Term Debt	1,328	1,477	1,432	1,390	1,096	1,144	1,043	1,379	1,109	973	1,081
Net Debt	978	1,038	1,055	854	642	276	255	585	305	198	322
Capital Expenditures (CapEx)	2.53	4.02	4.49	7.54	6.10	6.00	7.12	3.29	3.67	7.00	3.75
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,513	1,634	1,560	1,556	1,315	1,282	1,205	1,518	1,156	1,103	1,146
Total Depreciation and Amortization (D&A)	6.85	17	11	11	11	3.25	11	11	10	9.47	9.02
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$0.74	$0.75	$0.70	$0.67	$0.60	$0.54	$0.64	$0.56	$0.68	$0.54
Adjusted Weighted Average Basic Shares Outstanding	93.58M	93.53M	93.73M	93.92M	94.03M	93.94M	94.22M	94.44M	94.47M	94.40M	94.65M
Adjusted Diluted Earnings per Share	$0.59	$0.72	$0.74	$0.69	$0.66	$0.60	$0.53	$0.64	$0.55	$0.68	$0.54
Adjusted Weighted Average Diluted Shares Outstanding	94.79M	94.59M	94.96M	95.17M	95.13M	95.10M	95.18M	95.47M	95.48M	95.41M	95.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	94.84M	94.87M	95.15M	95.12M	95.12M	95.07M	95.46M	95.48M	95.49M	95.42M	95.74M
Normalized Net Operating Profit after Tax (NOPAT)	33	69	70	66	63	57	51	61	52	65	51
Normalized NOPAT Margin	18.26%	32.29%	32.77%	30.90%	29.73%	28.26%	25.96%	28.31%	26.06%	28.93%	25.64%
Pre Tax Income Margin	26.09%	37.14%	40.81%	38.19%	36.95%	35.56%	31.62%	34.82%	32.24%	29.84%	31.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.73	2.48	1.78	1.26	1.02	0.84	0.67	0.75	0.64	0.69	0.70
NOPAT to Interest Expense	3.23	2.16	1.43	1.02	0.82	0.67	0.55	0.61	0.52	0.67	0.56
EBIT Less CapEx to Interest Expense	2.59	2.36	1.69	1.14	0.94	0.77	0.59	0.72	0.60	0.62	0.66
NOPAT Less CapEx to Interest Expense	3.09	2.03	1.34	0.90	0.74	0.60	0.47	0.58	0.48	0.60	0.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.22%	39.80%	35.15%	33.27%	32.45%	34.06%	36.81%	37.90%	40.12%	39.13%	39.52%
Augmented Payout Ratio	44.22%	39.80%	35.15%	33.27%	32.45%	34.06%	36.81%	37.90%	40.12%	39.13%	39.52%

Financials Breakdown Chart

Key Financial Trends

First Financial Bancorp (NASDAQ:FFBC) has shown stable financial performance over the past several years through its quarterly reports ending in Q1 2025. Here is an analysis of the key financial trends and figures observed from its income statements, cash flow statements, and balance sheet data.

Revenue Growth: Total revenue has largely increased over the past years, reaching approximately $200 million in Q1 2025, which reflects stable core interest income from loans and leases, and consistent non-interest income.
Net Interest Income Stability: Net interest income remained strong, around $149 million in Q1 2025, indicative of solid interest earnings from loans minus interest expenses on deposits and borrowings.
Diversified Income Streams: Non-interest income, including service charges, investment banking, and other non-interest income streams, contributed over $51 million in Q1 2025, supporting revenue diversification.
Consistent Profitability: Net income attributable to common shareholders was $51.3 million in Q1 2025, with earnings per share (EPS) steady at $0.54, demonstrating ongoing profitability.
Strong Operating Cash Flow: Net cash provided by operating activities was $56.1 million in Q1 2025, reflecting good cash generation from core operations.
Healthy Asset Base: Total assets have increased steadily to approximately $18.5 billion by Q1 2025, primarily driven by growth in loans and leases (net $11.57 billion) and trading account securities ($3.36 billion).
Deposit Base Size and Composition: Deposits remain a critical funding source with a total of approximately $14.2 billion (interest and non-interest bearing combined) as of Q1 2025, indicating stable customer deposits.
Equity Growth: Total common equity rose to $2.5 billion by Q1 2025, supporting capital adequacy and financial stability.
Provision for Credit Losses Fluctuating: The provision for credit losses has shown variability, at $8.7 million in Q1 2025 compared to quarterly highs in prior years, indicating some credit risk pressure.
Rising Interest Expense: Total interest expense increased to $91.1 million in Q1 2025 from lower amounts in early 2023, reflecting higher funding costs, especially driven by deposits and short-term borrowings.

Additional Observations:

Amortization expense and certain special charges fluctuated but do not heavily impact overall profitability trends.
There was a net negative impact on capital gains in Q1 2025, reducing non-interest income compared to prior quarters.
Shares outstanding have remained relatively steady, slightly below 96 million diluted shares, supporting consistent EPS calculations.
Deposit levels showed a quarterly decrease in Q1 2025, which may warrant monitoring for future liquidity implications.

Summary: First Financial Bancorp demonstrates a stable financial profile with strong net interest income, diversified revenue, and steady profitability. The credit loss provisions and interest expense trends are areas to watch, as rising costs could pressure margins. Overall, the company shows solid balance sheet growth and good cash flow from operations, positioning it well for ongoing performance.

09/19/25 09:15 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About First Financial Bancorp.'s Financials

When does First Financial Bancorp.'s fiscal year end?

According to the most recent income statement we have on file, First Financial Bancorp.'s financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has First Financial Bancorp.'s net income changed over the last 9 years?

First Financial Bancorp.'s net income appears to be on an upward trend, with a most recent value of $228.83 million in 2024, rising from $75.06 million in 2015. The previous period was $255.86 million in 2023. See where experts think First Financial Bancorp. is headed by visiting First Financial Bancorp.'s forecast page.

How has First Financial Bancorp.'s revenue changed over the last 9 years?

Over the last 9 years, First Financial Bancorp.'s total revenue changed from $321.70 million in 2015 to $835.58 million in 2024, a change of 159.7%.

How much debt does First Financial Bancorp. have?

First Financial Bancorp.'s total liabilities were at $16.13 billion at the end of 2024, a 5.7% increase from 2023, and a 119.8% increase since 2015.

How much cash does First Financial Bancorp. have?

In the past 9 years, First Financial Bancorp.'s cash and equivalents has ranged from $114.84 million in 2015 to $236.22 million in 2018, and is currently $174.26 million as of their latest financial filing in 2024.

How has First Financial Bancorp.'s book value per share changed over the last 9 years?

Over the last 9 years, First Financial Bancorp.'s book value per share changed from 13.13 in 2015 to 25.53 in 2024, a change of 94.5%.

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This page (NASDAQ:FFBC) was last updated on 9/19/2025 by MarketBeat.com Staff

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First Financial Bancorp. (FFBC) Financials

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First Financial Bancorp. (FFBC) Financials

Annual Income Statements for First Financial Bancorp.

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