First Financial Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

On October 27, 2020, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share. The dividend will be payable on December 15, 2020, to shareholders who are on record by December 1, 2020. As of September 30, 2020, the company reported total assets of $15.9 billion, loans of $10.2 billion, deposits of $11.6 billion, and shareholders' equity of $2.2 billion. First Financial operates 143 banking centers primarily in Ohio, Indiana, and Kentucky.

Positive

• Declaring a quarterly dividend of $0.23 reflects company profitability.
• Total assets of $15.9 billion indicate strong financial stability.
• Diversified services in Commercial, Retail Banking, and Wealth Management.

Negative

• None.

News Market Reaction – FFBC

-3.43%

1 alert

-3.43% News Effect

On the day this news was published, FFBC declined 3.43%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CINCINNATI, Oct. 27, 2020 /PRNewswire/ -- On Tuesday, October 27, 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 December 15, 2020 to shareholders of record as of December 1, 2020.

About First Financial Bancorp
First Financial Bancorp is a Cincinnati, Ohio based bank holding company.  As of September 30, 2020, the Company had $15.9 billion in assets, $10.2 billion in loans, $11.6 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 September 30, 2020. The Company operated 143 full service banking centers as of September 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-301160888.html

SOURCE First Financial Bancorp.

FAQ

What is the dividend amount declared by FFBC?

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

When is the payment date for the FFBC dividend?

The dividend is payable on December 15, 2020.

What is the record date for the upcoming FFBC dividend?

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

How are FFBC's total assets as of September 30, 2020?

FFBC reported total assets of $15.9 billion as of September 30, 2020.