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First Financial Ban corp   (FFBC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $20.7900 $-0.28 -1.329%
Day's High: $20.95 Week Perf: -1.56 %
Day's Low: $ 20.68 30 Day Perf: -4.02 %
Volume (M): 213 52 Wk High: $ 24.99
Volume (M$): $ 4,422 52 Wk Avg: $21.20
Open: $20.85 52 Wk Low: $17.23



 Market Capitalization (Millions $) 1,977
 Shares Outstanding (Millions) 95
 Employees 1,471
 Revenues (TTM) (Millions $) 797
 Net Income (TTM) (Millions $) 256
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 24

First Financial Ban Corp
First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank, National Association (the Bank), which was founded in 1863.

The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower, which may either be residential property (one to four family residential housing units) or commercial property (owner-occupied and/or investor income producing real estate, such as apartments, shopping centers, or office buildings). In addition, First Financial offers deposit products that include interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. A full range of trust and wealth management services is also provided through First Financial’s Wealth Management division.

Commercial and industrial loans are made to all types of businesses for a variety of purposes including, but not limited to, inventory, receivables, and equipment. First Financial works with businesses to meet their shorter term working capital needs while also providing long-term financing for their business plans. First Financial also offers lease and equipment financing through a wholly-owned subsidiary of the Bank, First Financial Equipment Finance LLC (First Equipment Finance), primarily in its principal markets. Credit risk for lending activities is managed through standardized loan policies, established and authorized credit limits, centralized portfolio management and the diversification of market area and industries. The overall strength of the borrower is evaluated through the credit underwriting process and includes a variety of analytical activities, including the review of historical and projected cash flows, historical financial performance, financial strength of the principals and guarantors, and collateral values, where applicable.

Commercial and industrial lending activities also include equipment and leasehold improvement financing for franchisees throughout the U.S., principally in the quick service and casual dining sector. The underwriting of these loans incorporates basic credit proficiencies combined with knowledge of select franchise concepts to measure the creditworthiness of proposed multi-unit borrowers. The focus is on a limited number of concepts that have sound economics, lower closure rates, and brand awareness within specified local, regional or national markets. Loan terms for equipment are generally up to 84 months fully amortizing and up to 180 months on real estate related requests.

First Financial also offers financing to the insurance industry through a wholly-owned subsidiary of the Bank, Oak Street Funding LLC (Oak Street Funding), in 47 states. Insurance industry lending activities are driven by agency acquisitions, agency ownership transitions, the purchase by agencies of books of business, as well as financing general working capital needs. The underwriting of these loans involves analyses of collateral (through use of Oak Street Funding’s proprietary system) that consists of insurance commissions revenue, which is then monitored by Oak Street Funding throughout the life of the loans.

Commercial real estate loans are secured by a mortgage lien on the real property. The credit underwriting for both owner-occupied and investor income producing real estate loans includes detailed market analysis, historical and projected cash flow analysis, appropriate equity margins, assessment of lessees and lessors, type of real estate and other analyses. Risk of loss is managed by adherence to standard loan policies that establish certain levels of performance prior to the extension of a loan to the borrower. Market diversification within First Financial’s service area, as well as a diversification by industry, are other means by which the risk of loss is managed by First Financial. First Financial does not have a significant exposure to residential builders and developers.

The majority of residential real estate loans originated by the Bank conform to secondary market underwriting standards and are sold within a short timeframe to unaffiliated third parties. The Bank sells the loans both servicing-retained and servicing-released, depending on pricing and other market conditions. The credit underwriting standards adhere to a required level of documentation, verifications, valuation, and overall credit performance of the borrower. The underwriting of these loans includes an evaluation of these and other pertinent factors prior to the extension of credit. These underwriting standards increase the marketability and address the credit risk associated with the loans.

Consumer loans are primarily loans made to individuals. These types of loans include new and used vehicle loans, second mortgages on residential real estate, and unsecured loans. Risk elements in the consumer loan portfolio are primarily focused on the borrower’s cash flow and credit history, which are key indicators of the ability to repay. A level of security is provided through liens on automobile titles and second mortgage liens, where applicable. Consumer loans are generally smaller dollar amounts than other types of lending and are made to a large number of customers, increasing diversification within the portfolio. Economic conditions that affect consumers in First Financial’s markets have a direct impact on the credit quality of these loans. Higher levels of unemployment, lower levels of income growth and weaker economic growth are factors that may adversely impact consumer loan credit quality.

Home equity lines of credit consist mainly of revolving lines of credit secured by residential real estate. Home equity lines of credit are generally governed by the same lending policies and subject to the same credit risk as described previously for residential real estate loans.



   Company Address: 255 East Fifth Street, Suite 800 Cincinnati 45202 OH
   Company Phone Number: 322-9530   Stock Exchange / Ticker: NASDAQ FFBC
   


Customers Net Income fell by FFBC's Customers Net Profit Margin fell to

-13.79 %

8.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC   -5.38%    
C   -5.25%    
COF   -2.52%    
JPM   -7.5%    
PNC   -5.48%    
WFC   -0.93%    
• View Complete Report
   



First Financial Ban Corp

First Financial Ban Corp Faces Financial Setback with -6.47% Revenue Decline



First Financial Ban Corp, a prominent player in the Commercial Banks sector, experienced a weak financial fourth quarter in 2023. The results revealed a decline in income, revenue, and profitability, raising concerns about the company's future prospects. This article will analyze the financial data and explore the potential implications for First Financial Ban Corp moving forward.
Fourth Quarter Declines
During the fourth quarter of 2023, First Financial Ban Corp witnessed a significant decline in income and revenue. Income fell by -18.72% to $0.59 per share, while revenue decreased by -6.47% to $190.53 million compared to the previous year. In contrast, the rest of the Commercial Banks sector reported a revenue rise during the same period. Consequently, First Financial Ban Corp appears to be lagging behind its competitors in terms of financial performance.

First Financial Bancorp

FFBC Reports Impressive 11.86% Increase in Income during Third Quarter of 2023

First Financial Bancorp, a financial services company, recently released its third-quarter financial results for 2023, showcasing impressive revenue growth and modest bottom-line growth. The company experienced double-digit revenue growth of 16.421% amounting to $200.41 million in the third quarter compared to the same period last year.
Despite this significant increase in revenue, the growth in earnings per share (EPS) was relatively moderate at 11.86% to $0.66 per share. This was a slight decline from the previous reporting season where EPS stood at $0.69 per share, representing a decrease of -4.35%. Furthermore, the company witnessed a decline in revenue by -0.672% from $201.77 million in the previous year?s third quarter.

First Financial Bancorp

FFBC Outperforms Commercial Banks Sector with Remarkable 20.265% Revenue Surge in Q2 2023!

First Financial Bancorp (FFBC) recently announced strong financial results for the three months ending June 30, 2023, which have left investors bullish about the company's prospects. The revenue rose by an impressive 20.265% to $201.77 million, while the earnings per share (EPS) advanced by 25.45% to $0.69 per share, year on year.
What is particularly noteworthy is that FFBC's top-line growth outpaced most of its peers in the Commercial Banks sector. In the second quarter of 2023, two-thirds of entities in the Commercial Banks industry reported a top-line elevation of 16.18% from the same period a year ago. This demonstrates FFBC's ability to outperform its competitors and capture a larger market share.

First Financial Bancorp

Impressive 68.18% EPS Surge at FFBC: A Promising Start to 2023

First Financial Bancorp Reports Increase in Income Despite Decline in ROI
First Financial Bancorp,
a leading financial institution, has released its first-quarter financial results for the period ending March 31, 2023. The company's return on average invested assets (ROI) for the quarter was 1.82%, which is below its average ROI of 8.37%. Although the ROI declined from the previous quarter, the net income increased by 1.91%.
The company has reported that 181 other companies in the financial sector achieved higher ROI within the same period. However, the overall ranking of First Financial Bancorp's ROI has progressed from 1848 in the fourth quarter of 2022 to 1141 in the first quarter of 2023.






 

First Financial Ban's Segments
 
 
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  Company Estimates  
  Revenue Outlook
First Financial Ban does not provide revenue guidance.

Earnings Outlook
First Financial Ban corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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