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.
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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.