Welcome to our dedicated page for First Financial Bancorp news (Ticker: FFBC), a resource for investors and traders seeking the latest updates and insights on First Financial Bancorp stock.
First Financial Bancorp (FFBC) reports developments for a regional bank holding company engaged in commercial banking and related financial services through First Financial Bank. Company news centers on quarterly and annual results, net interest margin, loan and deposit trends, noninterest income, capital levels, and the performance of lending, deposit, cash management, trust, and wealth management activities.
Recurring updates also include board actions such as common-stock dividends and share repurchase authorizations, subordinated debt activity, investor presentations, and completed bank acquisitions that affect the company’s balance sheet and operating scale. Earnings releases commonly discuss commercial lending, real estate lending, consumer financing, funding costs, asset yields, and integration effects from acquired portfolios.
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.
First Financial Bancorp (FFBC) reported a Q2 2020 net income of $37.4 million, or $0.38 per diluted share, showing growth from Q1 2020's $28.6 million ($0.29 per share), but a decline from Q2 2019’s $52.7 million ($0.53 per share). Adjusted earnings per share were $0.40. The company announced a total provision for credit losses of $20.2 million, influenced by COVID-19. However, mortgage banking income surged to $16.7 million, marking a 488.6% increase. Return on average assets was 0.96%, with a strong capital ratio of 15.13%.
First Financial Bancorp (FFBC) will release its second quarter 2020 financial results after market close on July 23, 2020. A teleconference and webcast to discuss these results is scheduled for July 24, 2020, at 8:30 a.m. Eastern time. Investors can access the teleconference at 1-877-506-6873 (U.S.) or via the archived webcast available on the company’s website for 12 months following the live call. As of March 31, 2020, FFBC had $15.1 billion in assets and $2.2 billion in shareholders' equity.