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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 three months ended 31 March 2024, First Financial Bancorp interest income increased 15% to $240.7M. Net interest income after loan loss provision decreased 8% to $137.6M. Net income decreased 28% to $50.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 10% to 4.1%, Net Interest Spread, Total -% decrease of 18% to 3.26%, Taxable decrease of 11% to $28.3M.