NASDAQ : FFBC
First Financial Bancorp. — Financial statements
Financials · Banks - Regional · United States
Last price 32.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.40B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 888.51M | 819.15M | 836.54M | 743.77M | 458.74M | 385.54M |
| Interest Income on Investments | 229.46M | 182.75M | 165.55M | 159.23M | 126.26M | 97.68M |
| Total Interest Income | 1.12B | 1.00B | 1.00B | 903.00M | 585.01M | 483.22M |
| Interest Paid on Deposits | 320.11M | 310.75M | 331.09M | 202.01M | 28.14M | 14.44M |
| Interest Paid on Borrowings | 47.62M | 49.11M | 58.99M | 73.22M | 37.72M | 16.66M |
| Total Interest Expense | 367.73M | 359.86M | 390.08M | 275.23M | 65.86M | 31.10M |
| Net Interest Income | 750.24M | 642.05M | 612.01M | 627.77M | 519.14M | 452.12M |
| Trust Income | 37.16M | 32.56M | 28.72M | 26.08M | 23.51M | 23.78M |
| Gain (Loss) on Sale of Investments | -22.18M | -28.80M | -54.42M | -2.76M | -48.86M | -12.85M |
| Other Non-Interest Income | 202.13M | 190.95M | 170.23M | 146.89M | 124.23M | 82.89M |
| Total Non-Interest Income | 277.75M | 250.97M | 191.72M | 210.71M | 141.99M | 158.71M |
| Revenues Before Loan Losses | 1.03B | 893.01M | 803.73M | 838.48M | 661.13M | 610.83M |
| Provision for Loan Losses | 35.73M | 37.67M | 47.66M | 43.11M | 11.71M | -18.12M |
| Revenue | 992.26M | 855.34M | 756.07M | 795.38M | 649.42M | 628.95M |
| Salaries and Employee Benefits | 350.69M | 300.30M | 288.70M | 277.83M | 255.99M | 236.29M |
| Occupancy Expenses | 17.88M | 13.07M | 11.85M | 12.11M | 22.21M | 22.14M |
| Federal Deposit Insurance | 12.62M | 11.20M | 11.21M | 11.95M | 7.19M | 5.63M |
| Amortization of Goodwill & Intangibles | 22.65M | 11.00M | 9.49M | 10.40M | 11.19M | 9.84M |
| Selling, General & Administrative | 131.15M | 107.33M | 102.84M | 97.47M | 81.43M | 77.41M |
| Other Non-Interest Expense | 102.99M | 91.17M | 63.66M | 67.01M | 29.70M | 29.61M |
| Total Non-Interest Expense | 637.97M | 534.07M | 487.75M | 476.78M | 407.70M | 380.92M |
| EBT Excluding Unusual Items | 354.29M | 321.27M | 268.32M | 318.60M | 241.72M | 248.03M |
| Legal Settlements | -7.10M | |||||
| Other Unusual Items | 12.12M | |||||
| Pretax Income | 366.41M | 321.27M | 268.32M | 318.60M | 241.72M | 240.93M |
| Income Tax Expense | 71.93M | 65.67M | 39.49M | 62.73M | 24.11M | 35.77M |
| Net Income | 294.48M | 255.60M | 228.83M | 255.86M | 217.61M | 205.16M |
| Net Income to Common | 294.48M | 255.60M | 228.83M | 255.86M | 217.61M | 205.16M |
| Basic Shares Outstanding | 102.09M | 95.28M | 94.40M | 93.94M | 93.53M | 95.03M |
| Diluted Shares Outstanding | 103.04M | 96.16M | 95.41M | 95.10M | 94.59M | 95.90M |
| EPS (Basic) | 2.88 | 2.68 | 2.42 | 2.72 | 2.33 | 2.16 |
| EPS (Diluted) | 2.86 | 2.66 | 2.40 | 2.69 | 2.30 | 2.14 |
| Dividend Per Share | 1.01 | 0.98 | 0.94 | 0.92 | 0.92 | 0.92 |
| Effective Tax Rate | 19.63% | 20.44% | 14.72% | 19.69% | 9.97% | 14.85% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 176.10M | 168.35M | 159.26M | 191.46M | 182.50M | 186.03M |
| Investment Securities | 5.38B | 2.30B | 2.33B | 2.59B | 2.38B | 2.55B |
| Trading Asset Securities | 444.11M | 428.17M | 155.66M | 161.33M | 60.74M | |
| Mortgage-Backed Securities | 2.67B | 1.96B | 1.63B | 1.80B | 2.21B | |
| Total Investments | 5.38B | 5.41B | 4.72B | 4.37B | 4.34B | 4.82B |
| Gross Loans | 13.91B | 13.51B | 11.76B | 10.93B | 10.30B | 9.29B |
| Allowance for Loan Losses | -191.65M | -186.49M | -156.79M | -141.43M | -132.98M | -131.99M |
| Other Adjustments to Gross Loans | -82.06M | -2.60M | ||||
| Net Loans | 13.71B | 13.24B | 11.60B | 10.79B | 10.17B | 9.16B |
| Property, Plant & Equipment | 466.83M | 467.36M | 456.98M | 402.15M | 335.12M | 311.05M |
| Goodwill | 1.10B | 1.10B | 1.01B | 1.01B | 1.00B | 1.00B |
| Other Intangible Assets | 135.08M | 96.80M | 60.87M | 66.85M | 77.38M | 88.90M |
| Loans Held for Sale | 22.96M | 16.95M | 13.18M | 9.21M | 7.92M | 29.48M |
| Accrued Interest Receivable | 1.32B | 71.94M | 67.42M | 72.62M | 63.72M | 44.63M |
| Restricted Cash | 10.20M | 15.00M | 21.60M | 25.00M | 34.00M | |
| Other Real Estate Owned & Foreclosed | 160.00K | 184.00K | 64.00K | 106.00K | 191.00K | 98.00K |
| Other Long-Term Assets | 546.71M | 467.55M | 602.62M | 799.20M | 659.08M | |
| Total Assets | 22.31B | 21.13B | 18.57B | 17.53B | 17.00B | 16.33B |
| Interest Bearing Deposits | 13.87B | 12.46B | 10.64B | 9.74B | 8.40B | 8.49B |
| Institutional Deposits | 494.77M | 554.01M | 300.06M | 165.14M | 195.63M | |
| Non-Interest Bearing Deposits | 3.83B | 3.47B | 3.13B | 3.32B | 4.14B | 4.19B |
| Total Deposits | 17.70B | 16.42B | 14.33B | 13.36B | 12.70B | 12.87B |
| Short-Term Borrowings | 651.86M | 1.07B | 1.15B | 1.03B | 1.39B | 360.63M |
| Current Portion of Leases | 9.26M | |||||
| Accrued Interest Payable | 718.10M | 38.30M | 43.41M | 468.00M | 11.15M | 4.50M |
| Long-Term Debt | 364.93M | 512.90M | 345.99M | 342.50M | 344.97M | 408.05M |
| Long-Term Leases | 50.01M | 61.32M | 66.11M | 66.20M | 69.38M | |
| Other Long-Term Liabilities | 258.87M | 199.52M | 448.35M | 355.69M | ||
| Total Liabilities | 19.43B | 18.36B | 16.13B | 15.26B | 14.96B | 14.07B |
| Common Stock | 1.79B | 1.65B | 1.64B | 1.64B | 1.63B | 1.64B |
| Retained Earnings | 1.59B | 1.44B | 1.28B | 1.14B | 968.24M | 837.47M |
| Treasury Stock | -111.63M | -125.75M | -190.54M | -197.90M | -202.81M | -218.46M |
| Comprehensive Income & Other | -387.10M | -189.94M | -289.80M | -309.82M | -358.66M | -433.00K |
| Shareholders' Equity | 2.88B | 2.77B | 2.44B | 2.27B | 2.04B | 2.26B |
| Total Liabilities & Equity | 22.31B | 21.13B | 18.57B | 17.53B | 17.00B | 16.33B |
| Total Debt | 1.02B | 1.64B | 1.56B | 1.44B | 1.80B | 838.06M |
| Net Cash (Debt) | -273.90M | -431.35M | -242.49M | -296.04M | -1.07B | -376.48M |
| Net Cash Per Share | -2.66 | -4.49 | -2.54 | -3.11 | -11.30 | -3.93 |
| Filing Date Shares Outstanding | 105.19M | 104.59M | 95.42M | 95.07M | 94.87M | 94.15M |
| Total Common Shares Outstanding | 105.19M | 98.52M | 95.49M | 95.14M | 94.89M | 94.15M |
| Book Value Per Share | 27.39 | 28.11 | 25.53 | 23.84 | 21.51 | 23.99 |
| Tangible Book Value | 1.65B | 1.57B | 1.37B | 1.20B | 962.48M | 1.17B |
| Tangible Book Value Per Share | 15.65 | 15.96 | 14.34 | 12.56 | 10.14 | 12.42 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 255.60M | 228.83M | 255.86M | 217.61M | 205.16M | |
| Depreciation & Amortization | 39.82M | 38.42M | 37.80M | 38.81M | 39.56M | |
| Gain (Loss) on Sale of Investments | 19.06M | 25.64M | 8.24M | 14.03M | 29.04M | |
| Provision for Credit Losses | 37.67M | 47.66M | 43.11M | 11.71M | -18.12M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 21.11M | 13.95M | 8.57M | 6.55M | 30.58M | |
| Accrued Interest Receivable | 2.54M | 4.96M | -9.57M | -19.13M | 6.46M | |
| Change in Other Net Operating Assets | -36.65M | -101.65M | 96.94M | -62.10M | 113.99M | |
| Other Operating Activities | 13.47M | 14.62M | 4.03M | -11.61M | 6.76M | |
| Operating Cash Flow | 337.86M | 262.16M | 486.97M | 200.85M | 388.16M | |
| Capital Expenditures | -20.76M | -21.07M | -24.14M | -13.78M | -15.33M | |
| Cash Acquisitions | -187.19M | -96.89M | -3.54M | -109.02M | ||
| Investment in Securities | -237.63M | -61.96M | 48.80M | 140.18M | -1.03B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -97.88M | -769.22M | -665.86M | -987.09M | 644.27M | |
| Other Investing Activities | -3.27M | -50.89M | -56.54M | -22.42M | 3.58M | |
| Investing Cash Flow | -546.72M | -1.00B | -701.26M | -883.11M | -510.03M | |
| Short-Term Debt Issued | 990.95M | 129.61M | ||||
| Long-Term Debt Issued | 300.00M | 2.64M | ||||
| Total Debt Issued | 300.00M | 2.64M | 990.95M | 129.61M | ||
| Short-Term Debt Repaid | -158.55M | -182.36M | -349.34M | |||
| Long-Term Debt Repaid | -131.49M | -3.31M | -64.02M | -463.38M | ||
| Total Debt Repaid | -290.04M | -182.36M | -352.65M | -64.02M | -463.38M | |
| Net Debt Issued (Repaid) | 9.96M | -179.72M | -352.65M | 926.93M | -333.77M | |
| Issuance of Common Stock | 48.00K | 177.00K | 64.00K | |||
| Repurchase of Common Stock | -108.08M | |||||
| Common Dividends Paid | -94.65M | -89.54M | -87.16M | -86.61M | -87.32M | |
| Net Increase (Decrease) in Deposit Accounts | 302.18M | 968.34M | 659.62M | -170.78M | 639.95M | |
| Other Financing Activities | -4.34M | |||||
| Financing Cash Flow | 213.16M | 699.08M | 219.85M | 669.73M | 110.85M | |
| Net Cash Flow | 4.29M | -38.80M | 5.56M | -12.53M | -11.02M | |
| Free Cash Flow | 317.10M | 241.08M | 462.83M | 187.07M | 372.82M | |
| Free Cash Flow Margin | 37.07% | 31.89% | 58.19% | 28.80% | 59.28% | |
| Free Cash Flow Per Share | 3.30 | 2.53 | 4.87 | 1.98 | 3.89 | |
| Cash Interest Paid | 364.96M | 398.13M | 234.93M | 59.51M | 32.84M | |
| Cash Income Tax Paid | 9.21M | 27.52M | 10.08M | 5.70M | 17.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.43B | 2.47B | 2.57B | 2.26B | 2.30B | 2.30B |
| Last Close Price | 32.35 | 24.40 | 25.23 | 21.45 | 20.96 | 20.27 |
| PE Ratio | 11.43 | 9.64 | 11.22 | 8.83 | 10.56 | 11.19 |
| PS Ratio | 3.43 | 2.88 | 3.40 | 2.84 | 3.54 | 3.65 |
| PB Ratio | 1.18 | 0.89 | 1.05 | 1.00 | 1.13 | 1.02 |
| P/FCF Ratio | 4.50 | 7.77 | 10.65 | 4.88 | 12.28 | 6.16 |
| P/OCF Ratio | 4.29 | 7.30 | 9.79 | 4.64 | 11.44 | 5.91 |
| Debt / Equity Ratio | 0.35 | 0.59 | 0.64 | 0.63 | 0.88 | 0.37 |
| Debt / FCF Ratio | 5.17 | 6.47 | 3.10 | 9.63 | 2.25 | |
| Net Debt / Equity Ratio | 0.10 | 0.16 | 0.10 | 0.13 | 0.52 | 0.17 |
| Net Debt / FCF Ratio | 1.36 | 1.01 | 0.64 | 5.72 | 1.01 | |
| Return on Equity (ROE) | 10.68% | 9.82% | 9.72% | 11.88% | 10.12% | 9.04% |
| Return on Assets (ROA) | 1.44% | 1.29% | 1.27% | 1.48% | 1.31% | 1.27% |
| Earnings Yield | 8.75% | 10.37% | 8.91% | 11.33% | 9.47% | 8.94% |
| FCF Yield | 22.23% | 12.86% | 9.39% | 20.49% | 8.14% | 16.24% |
| Dividend Yield | 3.21% | 3.92% | 3.50% | 3.87% | 3.80% | 3.77% |
| Payout Ratio | 36.42% | 37.03% | 39.13% | 34.06% | 39.80% | 42.56% |
| Buyback Yield / Dilution | -7.75% | -0.79% | -0.33% | -0.54% | 1.37% | 2.24% |
| Total Shareholder Return | -4.54% | 3.13% | 3.17% | 3.34% | 5.17% | 6.01% |