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.
On July 27, 2021, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per share, payable on September 15, 2021, to shareholders on record as of September 1, 2021. As of June 30, 2021, the company reported $16.0 billion in assets, $9.5 billion in loans, and $12.5 billion in deposits. The company operates 139 banking centers primarily in Ohio, Indiana, Kentucky, and Illinois, offering services in Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance, and Wealth Management.
First Financial Bancorp (FFBC) reported a net income of $50.9 million for Q2 2021, translating to earnings per diluted share of $0.52, compared to $47.3 million in Q1 2021. Adjusted earnings stood at $0.58 per diluted share. The institution showcased a return on average assets of 1.26% and a net interest margin of 3.31%. Notably, the bank repurchased over 1.3 million shares and experienced a provision recapture of $4.2 million, reflecting improved credit conditions. Average transactional deposits rose 17.8% year-over-year, although loan balances declined due to PPP forgiveness.
First Financial Bancorp (Nasdaq: FFBC) will release its second quarter 2021 financial results on Thursday, July 22, 2021, after the market closes. A teleconference and webcast to discuss these results is scheduled for Friday, July 23, 2021, at 8:30 a.m. Eastern time.
The company, based in Cincinnati, had $16.2 billion in assets and $9.9 billion in loans as of March 31, 2021. It operates 143 banking centers across key states including Ohio, Indiana, Kentucky, and Illinois.
Yext, Inc. announced a successful partnership with First Financial Bank to enhance its website search capabilities. By utilizing Yext's natural language processing technology, the bank improved client search experiences, yielding a 272% increase in site visits and a 225% rise in site search usage within five months. The upgraded site now offers direct answers instead of links, facilitating better customer interaction and insights, particularly vital during the pandemic.
First Financial Bank (Nasdaq: FFBC) has received an Outstanding rating from the Federal Reserve Board for its performance under the Community Reinvestment Act (CRA) for the period 2017-2020. This accolade recognizes the bank’s efforts in addressing the credit needs of low- and moderate-income communities. The bank has exceeded its $1.7 billion Community Benefits Agreement goal, achieving $1.85 billion in loans, investments, and donations. Key factors include excellent service to low-income customers and community development initiatives, with over $3.5 million contributed during 2020.
On April 27, 2021, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on June 15, 2021, to shareholders of record as of June 1, 2021. As of March 31, 2021, the company reported $16.2 billion in assets, $9.9 billion in loans, $12.6 billion in deposits, and $2.3 billion in shareholders' equity. The bank operates 143 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois.
First Financial Bancorp (FFBC) reported a net income of $47.3 million, or $0.48 per diluted share, for Q1 2021, slightly down from $48.3 million in Q4 2020. Adjusted earnings per share stood at $0.50. The return on average assets was 1.20%, while the adjusted return was 1.24%. The net interest margin was 3.40%. A provision for credit losses of $4 million reflects a $7.5 million drop from the prior quarter. The company repurchased 840,115 shares, highlighting strong capital ratios. Despite challenges, optimism remains as economic conditions improve.
First Financial Bancorp (FFBC) will release its Q1 2021 financial results on April 22, 2021, after market close.
A teleconference will take place on April 23, 2021, at 8:30 a.m. Eastern time, allowing stakeholders to discuss the results.
The company had approximately $16.0 billion in assets as of December 31, 2020, with $9.9 billion in loans and $12.2 billion in deposits.
First Financial Bancorp (FFBC) reported net income of $48.3 million, or $0.49 per diluted share, for Q4 2020, up from $41.5 million in Q3 2020. Adjusted earnings were $0.51 per share. The return on average assets was 1.20%, with a net interest margin of 3.49%. Noninterest income reached $61.5 million, bolstered by foreign exchange fees and mortgage production. The company announced a quarterly dividend of $0.23 per share. However, full-year earnings per share decreased from $2.00 in 2019 to $1.59 in 2020, reflecting challenges posed by the pandemic.
First Financial Bancorp (NASDAQ: FFBC) will release its fourth quarter and full year 2020 financial results on January 28, 2021, after market close. A teleconference and webcast to discuss these results is scheduled for January 29, 2021, at 8:30 a.m. Eastern time. The bank holding company, based in Cincinnati, Ohio, reported $15.9 billion in assets and $11.6 billion in deposits as of September 30, 2020, highlighting its significant presence in the banking sector.
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