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. |