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 (FFBC) reported Q3 2020 net income of $41.5 million and earnings per diluted share of $0.42, a rise from $37.4 million in Q2 2020. Adjusted net income was $0.44 per share, with a return on average assets of 1.04%. The company achieved record core fee income of $49.5 million, up 15.9% from the previous quarter, largely driven by strong mortgage banking and foreign exchange income. However, a provision for credit losses of $13.4 million was recorded due to anticipated economic impacts from COVID-19. Overall, FFBC demonstrated resilience amid challenging conditions.
First Financial Bancorp (FFBC) will release its third quarter 2020 financial results on October 22, 2020, after market close. A teleconference and webcast to discuss these results is scheduled for October 23, 2020, at 8:30 a.m. Eastern time. As of June 30, 2020, the company reported assets of $15.9 billion, loans of $10.2 billion, deposits of $11.7 billion, and shareholders' equity of $2.2 billion. The company operates 141 full-service banking centers primarily in Ohio, Indiana, and Kentucky, providing various financial services through its subsidiary First Financial Bank.
On July 28, 2020, First Financial Bancorp (NASDAQ: FFBC) announced a quarterly cash dividend of $0.23 per common share, payable on September 15, 2020 to shareholders of record as of September 1, 2020. As of June 30, 2020, the company reported $15.9 billion in assets, $10.2 billion in loans, and $11.7 billion in deposits. First Financial Bank provides a range of financial services through various business lines, and it had $2.8 billion in assets under management in wealth management services.
First Financial Bancorp (FFBC) reported a Q2 2020 net income of $37.4 million, or $0.38 per diluted share, showing growth from Q1 2020's $28.6 million ($0.29 per share), but a decline from Q2 2019’s $52.7 million ($0.53 per share). Adjusted earnings per share were $0.40. The company announced a total provision for credit losses of $20.2 million, influenced by COVID-19. However, mortgage banking income surged to $16.7 million, marking a 488.6% increase. Return on average assets was 0.96%, with a strong capital ratio of 15.13%.
First Financial Bancorp (FFBC) will release its second quarter 2020 financial results after market close on July 23, 2020. A teleconference and webcast to discuss these results is scheduled for July 24, 2020, at 8:30 a.m. Eastern time. Investors can access the teleconference at 1-877-506-6873 (U.S.) or via the archived webcast available on the company’s website for 12 months following the live call. As of March 31, 2020, FFBC had $15.1 billion in assets and $2.2 billion in shareholders' equity.