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 (NASDAQ: FFBC) is a Cincinnati, Ohio-based bank holding company for First Financial Bank, an Ohio state-chartered bank founded in 1863. The FFBC news feed highlights company announcements and events related to its commercial banking, retail banking, commercial finance and wealth management activities across its Midwestern footprint and nationwide lending platforms.
News coverage for First Financial Bancorp frequently includes earnings releases and teleconference announcements, where the company reports financial results for quarterly and year-to-date periods. These releases often discuss net income, earnings per share, net interest margin, noninterest income, loan and deposit trends, asset quality metrics and capital ratios, as well as commentary from management on business performance and outlook.
Investors can also follow dividend declarations and changes to the company’s common stock dividend, as disclosed in board of directors announcements. In addition, FFBC news items describe strategic acquisitions and expansion initiatives, such as the completed acquisition of Westfield Bancorp, Inc. and Westfield Bank, FSB in Northeast Ohio and the agreed all-stock acquisition of BankFinancial Corporation in the Chicago market. These stories provide detail on transaction terms, regulatory approvals, integration plans and the expected impact on the company’s geographic presence and product capabilities.
Another recurring theme in First Financial Bancorp news is capital markets activity, including the pricing and issuance of subordinated notes intended to qualify as Tier 2 capital. Press releases outline the terms of these offerings, use of proceeds and related SEC registration documents. The company also issues news regarding regulatory approvals for bank mergers, investor presentations and recognition such as Community Reinvestment Act ratings and workplace awards.
By monitoring the FFBC news page, readers can see how First Financial Bancorp communicates developments in its commercial banking, retail banking, commercial finance and wealth management lines of business, along with its acquisition strategy and capital management actions. Regular updates provide context for the company’s operations in Ohio, Indiana, Kentucky, Illinois and its broader commercial finance activities.
First Financial Bancorp (Nasdaq: FFBC) will release its second quarter 2021 financial results on Thursday, July 22, 2021, after the market closes. A teleconference and webcast to discuss these results is scheduled for Friday, July 23, 2021, at 8:30 a.m. Eastern time.
The company, based in Cincinnati, had $16.2 billion in assets and $9.9 billion in loans as of March 31, 2021. It operates 143 banking centers across key states including Ohio, Indiana, Kentucky, and Illinois.
Yext, Inc. announced a successful partnership with First Financial Bank to enhance its website search capabilities. By utilizing Yext's natural language processing technology, the bank improved client search experiences, yielding a 272% increase in site visits and a 225% rise in site search usage within five months. The upgraded site now offers direct answers instead of links, facilitating better customer interaction and insights, particularly vital during the pandemic.
First Financial Bank (Nasdaq: FFBC) has received an Outstanding rating from the Federal Reserve Board for its performance under the Community Reinvestment Act (CRA) for the period 2017-2020. This accolade recognizes the bank’s efforts in addressing the credit needs of low- and moderate-income communities. The bank has exceeded its $1.7 billion Community Benefits Agreement goal, achieving $1.85 billion in loans, investments, and donations. Key factors include excellent service to low-income customers and community development initiatives, with over $3.5 million contributed during 2020.
On April 27, 2021, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on June 15, 2021, to shareholders of record as of June 1, 2021. As of March 31, 2021, the company reported $16.2 billion in assets, $9.9 billion in loans, $12.6 billion in deposits, and $2.3 billion in shareholders' equity. The bank operates 143 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois.
First Financial Bancorp (FFBC) reported a net income of $47.3 million, or $0.48 per diluted share, for Q1 2021, slightly down from $48.3 million in Q4 2020. Adjusted earnings per share stood at $0.50. The return on average assets was 1.20%, while the adjusted return was 1.24%. The net interest margin was 3.40%. A provision for credit losses of $4 million reflects a $7.5 million drop from the prior quarter. The company repurchased 840,115 shares, highlighting strong capital ratios. Despite challenges, optimism remains as economic conditions improve.
First Financial Bancorp (FFBC) will release its Q1 2021 financial results on April 22, 2021, after market close.
A teleconference will take place on April 23, 2021, at 8:30 a.m. Eastern time, allowing stakeholders to discuss the results.
The company had approximately $16.0 billion in assets as of December 31, 2020, with $9.9 billion in loans and $12.2 billion in deposits.
First Financial Bancorp (FFBC) reported net income of $48.3 million, or $0.49 per diluted share, for Q4 2020, up from $41.5 million in Q3 2020. Adjusted earnings were $0.51 per share. The return on average assets was 1.20%, with a net interest margin of 3.49%. Noninterest income reached $61.5 million, bolstered by foreign exchange fees and mortgage production. The company announced a quarterly dividend of $0.23 per share. However, full-year earnings per share decreased from $2.00 in 2019 to $1.59 in 2020, reflecting challenges posed by the pandemic.
First Financial Bancorp (NASDAQ: FFBC) will release its fourth quarter and full year 2020 financial results on January 28, 2021, after market close. A teleconference and webcast to discuss these results is scheduled for January 29, 2021, at 8:30 a.m. Eastern time. The bank holding company, based in Cincinnati, Ohio, reported $15.9 billion in assets and $11.6 billion in deposits as of September 30, 2020, highlighting its significant presence in the banking sector.
First Financial Bancorp (Nasdaq: FFBC) has authorized a stock repurchase plan to buy up to 5,000,000 shares, equating to about 5% of its outstanding shares as of September 30, 2020. The plan will start post the current repurchase program's expiration on December 31, 2020, lasting for two years. CEO Archie Brown noted the suspension of repurchase activity in early 2020 due to the Covid-19 pandemic but emphasizes this action as part of normal capital planning, aiming to take advantage of future market conditions.
On October 27, 2020, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share. The dividend will be payable on December 15, 2020, to shareholders who are on record by December 1, 2020. As of September 30, 2020, the company reported total assets of $15.9 billion, loans of $10.2 billion, deposits of $11.6 billion, and shareholders' equity of $2.2 billion. First Financial operates 143 banking centers primarily in Ohio, Indiana, and Kentucky.