Loading…
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 |
| Operating Revenue | - | 708.78 | 840.19 | 835.58 | 899.48 |
| Selling General And Administration | - | 305.67 | 346.83 | 368.94 | 390.96 |
| Interest Income | - | 585.01 | 903 | 1,002.10 | 1,001.90 |
| Interest Expense | - | 65.86 | 275.23 | 390.08 | 359.86 |
| Net Interest Income | - | 519.14 | 627.77 | 612.01 | 642.05 |
| Pretax Income | - | 241.72 | 318.60 | 268.32 | 321.27 |
| Tax Provision | - | 24.11 | 62.73 | 39.49 | 65.67 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income From Continuing And Discontinued Operation | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income Common Stockholders | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Net Income Including Noncontrolling Interests | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Normalized Income | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Diluted NI Availto Com Stockholders | - | 217.61 | 255.86 | 228.83 | 255.60 |
| Basic Average Shares | - | 93.53 | 93.94 | 94.40 | 95.28 |
| Diluted Average Shares | - | 94.59 | 95.10 | 95.41 | 96.16 |
| Reconciled Depreciation | - | 38.81 | 37.80 | 38.42 | 39.82 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Special Income Charges | 0 | 0 | - | - | - |
| Gain On Sale Of Security | - | -1.21 | -1.05 | -22.58 | -22.32 |
| Depreciation Amortization Depletion Income Statement | - | 11.18 | 10.40 | 9.49 | 11 |
| Depreciation And Amortization In Income Statement | - | 11.18 | 10.40 | 9.49 | 11 |
| General And Administrative Expense | - | 296.92 | 337.18 | 359.92 | 380.79 |
| Other Gand A | 34.29 | - | - | - | - |
| Salaries And Wages | - | 269.37 | 292.73 | 304.39 | 315.88 |
| Insurance And Claims | - | 7.19 | 11.95 | 11.21 | 11.20 |
| Rent Expense Supplemental | - | 20.36 | 32.50 | 44.32 | 53.70 |
| Selling And Marketing Expense | - | 8.74 | 9.65 | 9.03 | 10.17 |
| Rent And Landing Fees | - | 20.36 | 32.50 | 44.32 | 53.70 |
| Amortization | - | 11.18 | 10.40 | 9.49 | 11 |
| Amortization Of Intangibles Income Statement | - | 11.18 | 10.40 | 9.49 | 11 |
| Occupancy And Equipment | - | 35.43 | 36.53 | 37.48 | 38.96 |
| Professional Expense And Contract Services Expense | - | 9.73 | 9.93 | 14.09 | 14.83 |
| Other Non Interest Expense | - | 93.33 | 74.80 | 89.60 | 84.79 |
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 | $3.2B | 12.54↓ discount | 1.16 | 9.2% | - |
| Community Financial System, Inc. | CBU | $3.3B | 15.84 | 1.66 | 10.5% | - |
| First Hawaiian, Inc. | FHB | $3.3B | 11.99 | 1.20 | 10.0% | - |
| Assured Guaranty Ltd. | AGO | $3.3B | 6.50 | 0.58 | 8.9% | - |
| Genworth Financial, Inc. | GNW |
| - |
| - |
| - |
| - |
| - |
| $3.2B |
| 14.56 |
| 0.37 |
| 2.5% |
| - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Bank of Hawaii Corporation | BOH | $3.0B | 14.70 | 2.01 | 13.7% | - |
| CorVel Corporation | CRVL | $3.0B | 27.21 | 7.61 | 28.0% | 15.99 |
| Peer Median | - | 14.63 | 1.43 | 10.2% | 15.99 | |