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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.
First Financial Bancorp (Nasdaq: FFBC) has announced its schedule for releasing fourth quarter and full year 2024 financial results. The company will disclose these results after market close on Thursday, January 23, 2025.
A teleconference and webcast to discuss the results will be held on Friday, January 24, 2025, at 8:30 a.m. Eastern time. Investors can access the teleconference through a toll-free dial-in number and participate in the discussion. The teleconference replay will be available until February 7th, 2025. Additionally, a webcast will be accessible through the company's investor relations website and will remain archived for 12 months.
First Financial Bancorp reported Q3 2024 net income of $52.5 million, or $0.55 per diluted share, compared to $60.8 million ($0.64/share) in Q2 2024. Key highlights include a net interest margin of 4.08% on a tax-equivalent basis, noninterest income of $45.7 million ($58.8 million adjusted), and average deposit growth of $166.2 million (4.9% annualized). The company maintained strong capital ratios with total capital ratio at 14.58% and declared a quarterly dividend of $0.24 per share. Asset quality remained stable with an ACL ratio of 1.37% to total loans and net charge-offs at 0.25%.
First Financial Bancorp (Nasdaq: FFBC) has announced the release date for its third quarter 2024 financial results. The company will disclose the results after the market closes on Thursday, October 24, 2024. Following this, a teleconference and webcast to discuss the results will be held on Friday, October 25, 2024, at 8:30 a.m. Eastern time.
Interested parties can access the teleconference by dialing 1-888-550-5723 (Toll Free) with the access code 5048068. The teleconference replay will be available until November 8th, 2024. Additionally, a webcast will be accessible at http://ir.bankatfirst.com/CorporateProfile and will be archived on the company's website for 12 months after the live call ends.
First Financial Bancorp (Nasdaq: FFBC) reported strong Q2 2024 results with earnings per diluted share of $0.64, or $0.65 adjusted. Highlights include:
- Return on average assets of 1.38% (1.40% adjusted)
- Net interest margin of 4.10% on a fully tax-equivalent basis
- Record fee income of $61.5 million
- Loan growth of $316.1 million (11.3% annualized)
- Average deposit growth of $351.1 million (10.6% annualized)
- Net charge-offs decreased to 0.15% of total loans
The Board approved a quarterly dividend increase to $0.24 per share. The company's performance was driven by strong loan and deposit growth, stable net interest margin, and record noninterest income, particularly in foreign exchange, leasing, and wealth management.
First Financial Bancorp (Nasdaq: FFBC) announced it will release its second-quarter 2024 financial results after the market close on Thursday, July 25, 2024.
A teleconference and webcast to discuss these results will be held on Friday, July 26, 2024, at 8:30 a.m. Eastern time. Interested parties can dial into the teleconference or access the webcast through the company's investor relations website. A replay of the teleconference will be available until August 9, 2024, and the webcast will be archived for 12 months.
First Financial Bancorp (Nasdaq: FFBC) announced the election of Anne Arvia to its Board of Directors, effective May 28, 2024. Arvia, who has extensive experience in banking and strategic transformation, will replace retiring directors Susan Knust and William Barron. Arvia is currently a principal at Cornerstone Advisors and has held senior roles at The Auto Club Group, USAA Bank, Nationwide Insurance, and ShoreBank. The company credits Knust and Barron for their significant contributions over their long tenures. Chairman Claude Davis and CEO Archie Brown praised Arvia's qualifications and expressed confidence in her ability to contribute valuable insights to the board.
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