Trade First Financial Bancorp - FFBC CFD

First Financial Bancorp Company profile

About First Financial Bancorp

First Financial Bancorp. is a regional bank holding company. The Company is engaged in the business of commercial banking, other banking and banking-related activities through its subsidiary, First Financial Bank (the Bank). It provides a range of banking services to individuals and businesses, which includes commercial lending, real estate lending and consumer financing. The Company offers deposit products that include interest-bearing accounts, non-interest-bearing accounts, time deposit and cash management services for commercial customers. It also provides a range of trust and wealth management services through its Wealth Management line of business. The Company operates approximately 143 banking centers in Ohio, Indiana, Kentucky and Illinois. It also operates its Commercial Finance division, which is responsible for its insurance lending business and franchise lending business, from a non-banking center location in Indiana.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Financial Bancorp interest income decreased 8% to $483.2M. Net interest income after loan loss provision increased 3% to $470.2M. Net income increased 32% to $205.2M. Net interest income after loan loss provision reflects Taxable increase of 7% to $79.2M. Net income benefited from Deposits decrease of 66% to $14.4M (expense), Trust Revenues increase of 44% to $23.8M (income).

Equity composition

Common Stock no Par, 12/10, 160M auth., 68,730,731 shs. less 10,665,754 shs. in Treas. @ $181M. Insiders owns 1.15%. Pref. Stock $1K Par, 80K auth., 80K issd. 3/01, 5% stock dividend; 6/98,2-for-1 stock split; 12/94,5-for-4 stock split; 1/94,4-for-3 stock split; 12/99,12/98, 9/97, 10/96, 12/92,12/91, 1/89, 10% stock dividends.