First Financial Bancorp (OQ:FFBC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 255 E 5th St Ste 800
CINCINNATI OH 45202-4700
Tel: 1-513-8875400
IR: See website
Key People
Claude E. Davis
Chairman of the Board
Archie M. Brown
President, Chief Executive Officer, Director
James M. Anderson
Chief Financial Officer, Executive Vice President
John M. Gavigan
Chief Operating Officer, Executive Vice President
Karen Ball Woods
Executive Vice President, Chief Risk Officer, General Counsel
William R. Harrod
Executive Vice President, Chief Credit Officer
Andrew K. Hauck
Executive Vice President, Chief Commercial Banking Office
Catherine M. Myers
Executive Vice President - Consumer Banking
Amanda N. Neeley
Executive Vice President, Chief Strategy Officer
Business Overview
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending and consumer financing. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, and cash management services for commercial customers. First Financial's Wealth Management division provides a range of trust and asset management services. It operates 159 banking centers in Ohio, Indiana and Kentucky. It operates its Commercial Finance division, responsible for its insurance lending business and franchise lending business, from a non-banking center location in Indiana.
Financial Overview
For the three months ended 31 March 2020, First Financial Bancorp interest income decreased 8% to $139.5M. Net interest income after loan loss provision increased 6% to $114.3M. Net income decreased 38% to $28.6M. Net interest income after loan loss provision reflects Tax-exempt increase of 8% to $4.6M. Net income was offset by Salaries and employee benefits increase of 14% to $54.8M (expense).
Employees: 2,123 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,429M as of Mar 31, 2020
Annual revenue (TTM): $595.32M as of Mar 31, 2020
EBITDA (TTM): $319.36M as of Mar 31, 2020
Net annual income (TTM): $180.86M as of Mar 31, 2020
Free cash flow (TTM): -$93.44M as of Mar 31, 2020
Net Debt Last Fiscal Year: $126.71M as of Mar 31, 2020
Shares outstanding: 97,964,165 as of May 7, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization