First Financial Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

On July 28, 2020, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on September 15, 2020 to shareholders of record as of September 1, 2020. As of June 30, 2020, the company reported $15.9 billion in assets, $10.2 billion in loans, and $11.7 billion in deposits. First Financial Bank provides a range of financial services through various business lines, and it had $2.8 billion in assets under management in wealth management services.

Positive

• Declared a quarterly cash dividend of $0.23 per share, enhancing shareholder income.
• Strong asset base with $15.9 billion in total assets by June 30, 2020.

Negative

• None.

News Market Reaction – FFBC

+2.96%

1 alert

+2.96% News Effect

On the day this news was published, FFBC gained 2.96%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CINCINNATI, July 28, 2020 /PRNewswire/ -- On Tuesday, July 28, 2020, the board of directors of First Financial Bancorp (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share.  The dividend is payable on September 15, 2020 to shareholders of record as of September 1, 2020.

About First Financial Bancorp

First Financial Bancorp is a Cincinnati, Ohio based bank holding company. As of June 30, 2020, the Company had $15.9 billion in assets, $10.2 billion in loans, $11.7 billion in deposits and $2.2 billion in shareholders' equity. The Company's subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $2.8 billion in assets under management as of June 30, 2020. The Company operated 141 full service banking centers as of June 30, 2020, primarily in Ohio, Indiana and Kentucky, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.

 

View original content:http://www.prnewswire.com/news-releases/first-financial-bancorp-declares-quarterly-cash-dividend-301101500.html

SOURCE First Financial Bancorp.

FAQ

What is the dividend amount declared by First Financial Bancorp (FFBC)?

First Financial Bancorp declared a quarterly cash dividend of $0.23 per share.

When is the dividend payable for FFBC?

The dividend is payable on September 15, 2020.

What is the record date for the FFBC dividend?

The record date for the dividend is September 1, 2020.

What is the total asset value of First Financial Bancorp?

As of June 30, 2020, First Financial Bancorp reported total assets of $15.9 billion.

What services does First Financial Bank provide?

First Financial Bank provides various banking and financial services including commercial, retail banking, mortgage banking, and wealth management.