First Fin Banc Stock Price, News & Analysis

On April 25, 2023, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on June 15, 2023, to shareholders of record as of June 1, 2023. As of March 31, 2023, the company reported $16.9 billion in assets, $10.4 billion in loans, $12.7 billion in deposits, and $2.1 billion in shareholders' equity. The bank operates 130 full-service centers across Ohio, Indiana, Kentucky, and Illinois, providing a range of financial services through its six business lines, including Wealth Management, which manages approximately $3.3 billion in assets.

First Financial Bancorp (FFBC) reported a strong financial performance for Q1 2023, with a net income of $70.4 million, or $0.74 per diluted share. This represents a 1.9% increase in net income compared to Q4 2022 and a year-over-year increase of 70%. The company achieved record quarterly revenue of $214.9 million, driven by a 5.3% annualized loan growth of $134.4 million and a net interest margin of 4.55%. Additionally, record adjusted fee income and stable credit quality were noted, with minimal charge-offs. Notably, capital ratios strengthened, with a total capital ratio of 13.66% and tangible common equity rising to 6.47%. The company remains well-positioned for future uncertainties with strong profitability and capital stability.

First Financial Bancorp (Nasdaq: FFBC) announced it will release its first quarter 2023 financial results after the market closes on April 20, 2023. A teleconference and webcast to discuss these results will occur on April 21, 2023, at 8:30 a.m. Eastern time. The company, based in Cincinnati, Ohio, reported $17.0 billion in assets and $2.0 billion in shareholders' equity as of December 31, 2022. Its subsidiary, First Financial Bank, manages $3.2 billion in assets under management and operates 132 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois.

First Financial Bancorp (FFBC) has nominated Dawn Morris and Andre Porter for election to its Board of Directors, with voting set for May 23, 2023. Morris brings extensive banking experience and innovation expertise, while Porter offers diverse leadership skills from both public and private sectors. Current board member Corinne Finnerty will retire at the end of her term, concluding over two decades of service. As of December 31, 2022, First Financial Bancorp held assets of $17.0 billion, loans of $10.3 billion, and deposits of $12.7 billion.

CNO Financial Group (NYSE: CNO) announced the nomination of Archie Brown and Adrianne Lee as directors for election at the annual meeting on May 10, 2023. Brown, CEO of First Financial Bancorp, brings extensive finance and risk management experience, while Lee, CFO of Overstock.com, adds expertise in financial planning and e-commerce. The nominations come as Ellyn Brown and Fred Sievert retire from the board. Board Chair Dan Maurer expressed confidence in the new nominees' ability to enhance the board's perspective on growth priorities. CNO Financial serves middle-income America with life and health insurance services.