First Financial Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

On April 25, 2023, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on June 15, 2023, to shareholders of record as of June 1, 2023. As of March 31, 2023, the company reported $16.9 billion in assets, $10.4 billion in loans, $12.7 billion in deposits, and $2.1 billion in shareholders' equity. The bank operates 130 full-service centers across Ohio, Indiana, Kentucky, and Illinois, providing a range of financial services through its six business lines, including Wealth Management, which manages approximately $3.3 billion in assets.

Positive

• Quarterly cash dividend of $0.23 per common share declared.
• Company reported $16.9 billion in assets as of March 31, 2023.
• Wealth Management segment has $3.3 billion in assets under management.

Negative

• None.

CINCINNATI, April 25, 2023 /PRNewswire/ -- On Tuesday, April 25, 2023, the board of directors of First Financial Bancorp. (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share. The dividend is payable on June 15, 2023 to shareholders of record as of June 1, 2023.

About First Financial Bancorp.

First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of March 31, 2023, the Company had $16.9 billion in assets, $10.4 billion in loans, $12.7 billion in deposits and $2.1 billion in shareholders' equity. The Company's subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $3.3 billion in assets under management as of March 31, 2023. The Company operated 130 full service banking centers as of March 31, 2023, located in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.

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SOURCE First Financial Bancorp.

FAQ

What is the dividend amount declared by First Financial Bancorp (FFBC)?

First Financial Bancorp declared a dividend of $0.23 per common share.

When is the dividend for FFBC payable?

The dividend is payable on June 15, 2023.

What is the record date for the FFBC dividend?

The record date for the dividend is June 1, 2023.

What are First Financial Bancorp's total assets as of March 31, 2023?

As of March 31, 2023, First Financial Bancorp reported total assets of $16.9 billion.

How much does First Financial Bancorp manage in its Wealth Management division?

The Wealth Management division manages approximately $3.3 billion in assets.