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First Financial Bancorp. (FFBC) Financials

First Financial Bancorp. logo
$23.69 +0.14 (+0.59%)
Closing price 08/8/2025 04:00 PM Eastern
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$23.69 0.00 (0.00%)
As of 08/8/2025 05:48 PM Eastern
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Annual Income Statements for First Financial Bancorp.

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

Quarterly Income Statements for First Financial Bancorp.

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

Annual Cash Flow Statements for First Financial Bancorp.

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

Quarterly Cash Flow Statements for First Financial Bancorp.

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

Annual Balance Sheets for First Financial Bancorp.

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

Quarterly Balance Sheets for First Financial Bancorp.

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

Annual Metrics And Ratios for First Financial Bancorp.

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%

Quarterly Metrics And Ratios for First Financial Bancorp.

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%

Key Financial Trends

First Financial Bancorp (NASDAQ: FFBC) has demonstrated solid financial performance over the past several quarters, with stable income generation and a generally growing balance sheet. Below are the key observations and trends from the last four years, focusing primarily on the most recent data up to Q1 2025 compared to prior quarters and years.

Positive Highlights:
  • Steady net interest income: Q1 2025 net interest income was $149.3 million, close to previous quarters and indicating robust core banking revenue.
  • Consistent revenue growth: Total revenue in Q1 2025 was $200.4 million, with a healthy mix of interest and non-interest income streams.
  • Strong loan portfolio: Loans and leases amounted to approximately $11.7 billion in Q1 2025, up from $10.4 billion in mid-2023, reflecting loan growth and business expansion.
  • Improvement in net income: Q1 2025 net income was $51.3 million, supported by manageable credit loss provisions and operating expenses.
  • Healthy capital position: Total common equity rose to $2.5 billion as of Q1 2025, supporting strong capitalization relative to assets of $18.5 billion.
  • Positive cash flow from operations: Strong cash flows generated from operating activities totaled $56.1 million in Q1 2025, indicating efficient cash management.
  • Controlled credit risk: Provision for credit losses in Q1 2025 was steady at $8.7 million, reflecting cautious credit risk management.
  • Dividends maintained: The dividend per share remained stable around $0.23-$0.24, supporting shareholder returns continuity.
Neutral Factors:
  • Volatile capital gains: Net realized and unrealized capital gains/losses experienced some swings, including a loss of $4 million in Q1 2025 but gains in earlier quarters.
  • Stable interest expense mix: Interest expenses on deposits, borrowings, and long-term debt varied slightly but have been a consistent cost component.
Negative Concerns:
  • Declining net income trend from prior peak: While solid, Q1 2025 net income of $51.3 million is down from $64.9 million in Q4 2024, indicating potential margin pressure.
  • Non-interest expenses remain elevated: Total non-interest expenses in Q1 2025 were $128 million, up from $119 million in Q1 2024, highlighting cost control challenges.
  • Significant investing outflows: Large net cash outflows in investment securities purchases, particularly in previous quarters, affect liquidity flexibility.
  • Deposit base volatility: Large deposits fluctuations, including a $132 million decrease in Q1 2025, could influence funding stability.

Overall, First Financial Bancorp exhibits a strong franchise with consistent core earnings and growth in assets and equity. The bank’s ongoing challenge will be to manage non-interest expenses and navigate fluctuating investment gains to sustain profitability momentum. Retail investors might find the steady dividends and capital build encouraging, but should monitor quarterly income trends and expense management closely.

08/09/25 12:45 PMAI 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 8/9/2025 by MarketBeat.com Staff
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