First Financial Bancorp. (FFBC)

First Financial Bancorp. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	836.54	743.77	458.74	385.54	431.66
Interest Income on Investments	165.55	159.23	126.26	97.68	93.31
Total Interest Income	1,002	903	585.01	483.22	524.96
Interest Paid on Deposits	331.09	202.01	28.14	14.44	41.92
Interest Paid on Borrowings	58.99	73.22	37.72	16.66	26.53
Total Interest Expense	390.09	275.23	65.86	31.1	68.45
Net Interest Income	612.01	627.77	519.14	452.12	456.51
Net Interest Income Growth (YoY)	-2.51%	20.92%	14.82%	-0.96%	-5.73%
Trust Income	28.72	26.08	23.51	23.78	21.29
Gain (Loss) on Sale of Investments	-22.58	-1.47	-25.03	-12.85	8.2
Other Non-Interest Income	170.23	146.89	124.23	82.89	73.61
Total Non-Interest Income	223.57	212.01	165.82	158.71	183.72
Non-Interest Income Growth (YoY)	5.45%	27.86%	4.47%	-13.61%	43.35%
Revenues Before Loan Losses	835.58	839.78	684.96	610.83	640.23
Provision for Loan Losses	47.66	43.11	11.71	-18.12	70.56
Revenue	787.92	796.67	673.25	628.95	569.67
Revenue Growth (YoY)	-1.10%	18.33%	7.04%	10.41%	-2.12%
Salaries and Employee Benefits	304.39	277.83	255.99	236.29	229.1
Occupancy Expenses	23.05	22.99	22.21	22.14	23.27
Federal Deposit Insurance	11.21	11.95	7.19	5.63	5.11
Amortization of Goodwill & Intangibles	9.49	10.4	11.19	9.84	11.13
Selling, General & Administrative	75.95	86.6	81.43	77.41	70.03
Other Non-Interest Expense	95.51	68.31	53.52	29.61	39.37
Total Non-Interest Expense	519.6	478.07	431.52	380.92	378
EBT Excluding Unusual Items	268.32	318.6	241.72	248.03	191.67
Legal Settlements	-	-	-	-7.1	-
Other Unusual Items	-	-	-	-	-7.26
Pretax Income	268.32	318.6	241.72	240.93	184.41
Income Tax Expense	39.49	62.73	24.11	35.77	28.6
Net Income	228.83	255.86	217.61	205.16	155.81
Net Income to Common	228.83	255.86	217.61	205.16	155.81
Net Income Growth	-10.57%	17.58%	6.07%	31.67%	-21.34%
Basic Shares Outstanding	94	94	94	95	97
Diluted Shares Outstanding	95	95	95	96	98
Shares Change (YoY)	0.33%	0.54%	-1.37%	-2.24%	-0.77%
EPS (Basic)	2.42	2.72	2.33	2.16	1.60
EPS (Diluted)	2.40	2.69	2.30	2.14	1.59
EPS Growth	-10.78%	16.96%	7.48%	34.59%	-20.50%
Dividend Per Share	0.940	0.920	0.920	0.920	0.920
Dividend Growth	2.17%	0%	0%	0%	2.22%
Effective Tax Rate	14.72%	19.69%	9.97%	14.85%	15.51%

Source: S&P Capital IQ. Banks template. Financial Sources.