First Financial Bancorp (OQ:FFBC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 700, 255 EAST FIFTH STREET CINCINNATI OH 45202 |
| Tel: | 1-513-8875400 |
| Website: | https://www.bankatfirst.com |
| IR: | See website |
| Key People | ||
| Archie M. Brown President, Chief Executive Officer, Director | James M. Anderson Chief Financial Officer, Chief Operating Officer, Executive Vice President | Gregory Harris President, Yellow Cardinal Advisory Group |
| Karen Ball Woods Executive Vice President, Chief Administrative Officer, General Counsel | Richard S. Dennen Executive Vice President, Chief Corporate Banking Officer | William R. Harrod Executive Vice President, Chief Credit Officer | Amanda N. Neeley Executive Vice President, Chief Consumer Banking and Strategy Officer |
| Business Overview |
| First Financial Bancorp. is a mid-sized, regional bank holding company. The Company is engaged in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank (the Bank). The Company provides a range of banking services to individuals and businesses, including commercial lending, real estate lending and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower, which may either be residential property (one to four family residential housing units) or commercial property (owner-occupied and/or investor income producing real estate). In addition, the Company offers deposit products that include interest-bearing and noninterest-bearing accounts, time deposits and cash management services for commercial customers. It also provides a full range of trust and wealth management services through First Financials Wealth Management line of business. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Financial Bancorp interest income increased 54% to $903M. Net interest income after loan loss provision increased 15% to $584.7M. Net income increased 18% to $255.9M. Net interest income after loan loss provision reflects Banking segment increase from $0K to $584.7M, Net Interest Margin, Total -% increase of 18% to 4.4%, Net Interest Spread, Total -% increase of 3% to 3.68%. |
| Employees: | 2,165 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,350M as of Dec 31, 2023 |
| Annual revenue (TTM): | $903.00M as of Dec 31, 2023 |
| EBITDA (TTM): | $421.85M as of Dec 31, 2023 |
| Net annual income (TTM): | $255.86M as of Dec 31, 2023 |
| Free cash flow (TTM): | $375.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $268.87M as of Dec 31, 2023 |
| Shares outstanding: | 95,473,595 as of Apr 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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