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 October 25, 2022, the board of directors of First Financial Bancorp. (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share. This dividend will be payable on December 15, 2022, to shareholders of record as of December 1, 2022. As of September 30, 2022, First Financial Bancorp. reported assets of $16.6 billion, loans of $9.8 billion, deposits of $12.3 billion, and shareholders' equity of $2.0 billion. The company operates primarily in Ohio, Indiana, Kentucky, and Illinois.
First Financial Bancorp (FFBC) reported a third-quarter net income of $55.7 million or $0.59 per diluted share, a 7.7% increase from the previous quarter. Adjusted earnings per share rose to $0.61. The company's return on average assets was 1.35%, with a net interest margin of 3.98%, up 53 basis points from the last quarter. Loan growth reached $377 million, representing a 15.9% annualized growth rate. Noninterest income totaled $42.5 million, impacted by declining foreign exchange income and mortgage activity. The efficiency ratio stood at 69.3% while credit quality indicators showed declines in net charge-offs.
First Financial Bancorp (FFBC) will announce its third quarter 2022 financial results on October 20, 2022, after market close. A teleconference to discuss these results is scheduled for October 21, 2022, at 8:30 a.m. Eastern time. As of June 30, 2022, FFBC reported $16.2 billion in assets, $9.4 billion in loans, and $12.3 billion in deposits. The bank operates 135 full-service centers across Ohio, Indiana, Kentucky, and Illinois, providing a range of financial services.
On July 26, 2022, First Financial Bancorp. (NASDAQ: FFBC) declared a quarterly cash dividend of $0.23 per common share. This dividend is payable on September 15, 2022, to shareholders of record as of September 1, 2022. As of June 30, 2022, First Financial Bancorp. reported $16.2 billion in assets, $9.4 billion in loans, $12.3 billion in deposits, and $2.1 billion in shareholders' equity, highlighting its robust financial standing.
First Financial Bancorp (FFBC) reported a net income of $51.5 million for Q2 2022, translating to earnings per diluted share of $0.55, up from $0.44 in Q1 2022. Adjusted earnings were $0.56 per share. Total loan growth reached $191.4 million, marking an 8.3% annualized increase, with an improved net interest margin of 3.47%. Noninterest income rose 20.6% to $49.8 million, led by strong foreign exchange and leasing business income. Despite an increase in noninterest expenses to $103.2 million, the efficiency ratio stood at 61.8%, reflecting ongoing operational improvements.
First Financial Bancorp (NASDAQ: FFBC) announced it will release its second quarter 2022 financial results after market close on July 21, 2022. A teleconference to discuss these results will be held on July 22, 2022, at 8:30 a.m. Eastern time. As of March 31, 2022, the company reported assets totaling $16.0 billion and loans amounting to $9.2 billion. First Financial Bancorp operates 135 banking centers primarily in Ohio, Indiana, Kentucky, and Illinois, offering various banking services and managing approximately $3.3 billion in assets under management.
On May 25, 2022, First Financial Bank (Nasdaq: FFBC) announced significant changes to its overdraft programs, effective June 1, 2022, aiming to reduce or eliminate overdraft fees. This initiative is designed to support clients facing financial challenges. Changes will include the elimination of non-sufficient funds fees and notification fees, with further reductions in other fees. The bank's NoWorry Checking account, certified by the CFE Fund, offers no overdraft fees. As of March 31, 2022, First Financial Bancorp reported $16.0 billion in assets and operates 135 banking centers across several states.
First Financial Bancorp (Nasdaq: FFBC) has elected Gary Warzala to its board of directors for a one-year term as of May 24, 2022. Warzala brings extensive experience in security and risk management, previously serving as CISO at multiple major banks. His appointment is expected to enhance the board's capabilities in cybersecurity as the company continues to grow. Concurrently, John T. Neighbours retired from the board after contributing since August 2015. As of March 31, 2022, First Financial reported $16.0 billion in assets and $2.1 billion in shareholders' equity.
First Financial Bank (Nasdaq: FFBC) released its inaugural Corporate Social Responsibility Report, highlighting 2021 achievements in community development, corporate governance, diversity, equity, inclusion, and sustainability. Key metrics include a 54% increase in diverse vendor purchasing amounting to $5.6 million, $1.7 million donations, and a sustainable investment of $1.7 billion. The report also details employee engagement with 86.5% participation in the 401k plan and 99% completion of diversity training. As of March 31, 2022, the bank had $16.0 billion in assets.
On April 26, 2022, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. As of March 31, 2022, the company reported total assets of $16.0 billion, loans of $9.2 billion, and deposits of $12.8 billion. With $2.1 billion in shareholders' equity, it operates 135 banking centers across Ohio, Indiana, Kentucky, and Illinois, providing various banking and financial services.