First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and banking-related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking and savings accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for retail and commercial customers. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-occupied and/or investor income producing real estate consisting of apartments, shopping centers, and office buildings; commercial and industrial loans for various purposes, including inventory, receivables, and equipment, as well as equipment and leasehold improvement financing for franchisees; consumer loans, such as new and used vehicle loans, second mortgages on residential real estate and unsecured loans; and home equity lines of credit. In addition, the company offers secured commercial financing services to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. Further, it provides a range of trust and wealth management services, lease and equipment financing services, currency payments, foreign exchange hedging, commodities hedging, and other advisory products. First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $899M | - | $256M | $317M | 9.2% | 7.6% | 11.7% |
| 2024 | $836M | - | $229M | $241M | 9.4% | -0.5% | -10.6% |
| 2023 | $840M | - | $256M | $463M | 11.3% | 18.5% | 17.6% |
| 2022 | $709M | - | $218M | $187M | 10.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 708.78 | 840.19 | 835.58 | 899.48 |
| Pretax Income | - | 241.72 | 318.60 | 268.32 | 321.27 |
| Tax Provision | - | 24.11 | 62.73 | 39.49 | 65.67 |
| Net Income | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income Common Stockholders | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Interest Expense | - | 65.86 | 275.23 | 390.08 | 359.86 |
| Interest Income | - | 585.01 | 903 | 1,002.10 | 1,001.90 |
| Selling General And Administration | - | 305.67 | 346.83 | 368.94 | 390.96 |
| Normalized Income | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Market Cap | 3,208.85 | 3,208.85 | 3,208.85 | 3,208.85 | 3,208.85 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Financial Bancorp.this co. | FFBC | $2.9B | 12.55β premium | 1.16 | 9.2% | - |
| WaFd, Inc. | WAFD | $3.0B | 11.81 | 0.97 | 8.3% | - |
| CorVel Corporation | CRVL | $2.9B | 30.87 | 9.12 | 29.6% | 18.59 |
| The Western Union Company | WU | $2.9B | 5.58 | 2.91 | 52.2% | 4.56 |
| SiriusPoint Ltd. | SPNT | $2.9B | 6.05 |
| - |
| - |
| - |
| - |
| - |
| 1.22 |
| 20.2% |
| - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK | $2.6B | 10.71 | 3.54 | 33.1% | - |
| Peer Median | - | 10.50 | 2.11 | 24.9% | 5.40 | |