Welcome to our dedicated page for First Financial Bancorp news (Ticker: FFBC), a resource for investors and traders seeking the latest updates and insights on First Financial Bancorp stock.
First Financial Bancorp (Nasdaq: FFBC) is a Cincinnati, Ohio-based bank holding company with a rich history dating back to 1863. Operating through its wholly-owned subsidiary, First Financial Bank, N.A., the company provides a wide range of banking and financial services through its six core business lines: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance, and Wealth Management.
As of March 31, 2024, First Financial Bancorp boasts $17.6 billion in assets, $11.2 billion in loans, $13.5 billion in deposits, and $2.3 billion in shareholders' equity. The company has built a strong reputation by combining the resources and expertise of a large financial institution with the personalized service of a community bank. This model has facilitated local decision-making, allowing the bank to provide tailored financial solutions to its clients.
The company’s commercial unit emphasizes commercial real estate loans, which form the mainstay of its loan portfolio, followed by commercial and industrial loans. Retail banking offers a complete suite of services to individual customers, while the mortgage banking division provides a variety of home financing options.
The wealth management division manages around $3.6 billion in assets as of March 31, 2024, offering services such as wealth planning, portfolio management, trust and estate administration, brokerage, and retirement planning. This division has seen consistent growth, bolstered by strong market performance and client trust.
Recent achievements include the acquisition of Agile Premium Finance, expanding their lending portfolio with high-quality, short-duration loans. The company continues to innovate by enhancing its investment portfolio and streamlining operations to improve efficiency and profitability. Management's proactive approach in navigating the challenging economic environment has ensured sustained growth and robust financial health.
Investors can stay updated with regular financial results, including quarterly earnings reports. The company reported net income of $50.7 million for Q1 2024, with a solid return on average assets of 1.18% and a return on average tangible common equity of 17.35%.
First Financial's robust net interest margin, consistent loan growth, and stable asset quality underscore its resilience and ability to deliver strong results. The bank operates 130 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois and lends into targeted industry verticals on a nationwide basis through its Commercial Finance business.
For more information about First Financial Bancorp, including its products, services, and banking locations, visit www.bankatfirst.com.
CNO Financial Group (NYSE: CNO) announced the nomination of Archie Brown and Adrianne Lee as directors for election at the annual meeting on May 10, 2023. Brown, CEO of First Financial Bancorp, brings extensive finance and risk management experience, while Lee, CFO of Overstock.com, adds expertise in financial planning and e-commerce. The nominations come as Ellyn Brown and Fred Sievert retire from the board. Board Chair Dan Maurer expressed confidence in the new nominees' ability to enhance the board's perspective on growth priorities. CNO Financial serves middle-income America with life and health insurance services.
CNO Financial Group, Inc. (NYSE: CNO) has announced the nomination of Archie Brown and Adrianne Lee to its Board of Directors for election during the May 10, 2023 annual meeting. Archie Brown, CEO of First Financial Bancorp, brings extensive experience in finance and risk management, while Adrianne Lee, CFO of Overstock.com, offers significant financial planning and e-commerce expertise. Their appointments fill the vacancies left by retiring directors Ellyn Brown and Fred Sievert, who have served since 2012 and 2011, respectively. The nominations aim to enhance board perspectives as CNO pursues its growth strategy.
First Financial Bancorp (FFBC) reported strong financial results for Q4 2022, achieving net income of $69.1 million or $0.73 per diluted share, up from $55.7 million or $0.59 per share in Q3 2022. The company's return on average assets improved to 1.63%, with a net interest margin of 4.47%, reflecting a 49 basis point increase from the previous quarter. Total loan growth was an impressive $501.5 million, representing a 20.3% annualized increase. First Financial also recorded a 14% rise in annual revenue, totaling $709 million. The board approved a quarterly dividend of $0.23 per share, payable on March 15, 2023.
First Financial Bancorp (Nasdaq: FFBC) will announce its fourth quarter and full year 2022 financial results on January 26, 2023, after market close. A teleconference and webcast to discuss these results is scheduled for January 27, 2023, at 8:30 a.m. Eastern time. The company, headquartered in Cincinnati, Ohio, reported $16.6 billion in assets, $9.8 billion in loans, and $12.3 billion in deposits as of September 30, 2022. Additional details can be found at www.bankatfirst.com.
On October 25, 2022, the board of directors of First Financial Bancorp. (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share. This dividend will be payable on December 15, 2022, to shareholders of record as of December 1, 2022. As of September 30, 2022, First Financial Bancorp. reported assets of $16.6 billion, loans of $9.8 billion, deposits of $12.3 billion, and shareholders' equity of $2.0 billion. The company operates primarily in Ohio, Indiana, Kentucky, and Illinois.
First Financial Bancorp (FFBC) reported a third-quarter net income of $55.7 million or $0.59 per diluted share, a 7.7% increase from the previous quarter. Adjusted earnings per share rose to $0.61. The company's return on average assets was 1.35%, with a net interest margin of 3.98%, up 53 basis points from the last quarter. Loan growth reached $377 million, representing a 15.9% annualized growth rate. Noninterest income totaled $42.5 million, impacted by declining foreign exchange income and mortgage activity. The efficiency ratio stood at 69.3% while credit quality indicators showed declines in net charge-offs.
First Financial Bancorp (FFBC) will announce its third quarter 2022 financial results on October 20, 2022, after market close. A teleconference to discuss these results is scheduled for October 21, 2022, at 8:30 a.m. Eastern time. As of June 30, 2022, FFBC reported $16.2 billion in assets, $9.4 billion in loans, and $12.3 billion in deposits. The bank operates 135 full-service centers across Ohio, Indiana, Kentucky, and Illinois, providing a range of financial services.
On July 26, 2022, First Financial Bancorp. (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share. This dividend is payable on September 15, 2022, to shareholders of record as of September 1, 2022. As of June 30, 2022, First Financial Bancorp. reported $16.2 billion in assets, $9.4 billion in loans, $12.3 billion in deposits, and $2.1 billion in shareholders' equity, highlighting its robust financial standing.
First Financial Bancorp (FFBC) reported a net income of $51.5 million for Q2 2022, translating to earnings per diluted share of $0.55, up from $0.44 in Q1 2022. Adjusted earnings were $0.56 per share. Total loan growth reached $191.4 million, marking an 8.3% annualized increase, with an improved net interest margin of 3.47%. Noninterest income rose 20.6% to $49.8 million, led by strong foreign exchange and leasing business income. Despite an increase in noninterest expenses to $103.2 million, the efficiency ratio stood at 61.8%, reflecting ongoing operational improvements.
First Financial Bancorp (NASDAQ: FFBC) announced it will release its second quarter 2022 financial results after market close on July 21, 2022. A teleconference to discuss these results will be held on July 22, 2022, at 8:30 a.m. Eastern time. As of March 31, 2022, the company reported assets totaling $16.0 billion and loans amounting to $9.2 billion. First Financial Bancorp operates 135 banking centers primarily in Ohio, Indiana, Kentucky, and Illinois, offering various banking services and managing approximately $3.3 billion in assets under management.
FAQ
What is the current stock price of First Financial Bancorp (FFBC)?
What is the market cap of First Financial Bancorp (FFBC)?
What is First Financial Bancorp?
What services does First Financial Bancorp offer?
Where does First Financial Bancorp operate?
What recent acquisitions has First Financial Bancorp made?
How is First Financial Bancorp performing financially?
What are the core components of First Financial Bancorp's loan portfolio?
What assets does the Wealth Management division manage?
How can I access First Financial Bancorp's financial reports?
What is First Financial Bancorp’s latest net income?
How does First Financial Bancorp balance local and large-scale banking?
