First Financial Bancorp. (FFBC)

First Financial Bancorp. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	826.45	743.77	458.74	385.54	431.66	499.01
Interest Income on Investments	162.51	159.23	126.26	97.68	93.31	108.57
Total Interest Income	988.96	903	585.01	483.22	524.96	607.58
Interest Paid on Deposits	314.84	202.01	28.14	14.44	41.92	79.03
Interest Paid on Borrowings	62.74	73.22	37.72	16.66	26.53	44.29
Total Interest Expense	377.59	275.23	65.86	31.1	68.45	123.32
Net Interest Income	611.38	627.77	519.14	452.12	456.51	484.25
Net Interest Income Growth (YoY)	-3.25%	20.92%	14.82%	-0.96%	-5.73%	7.80%
Trust Income	26.85	26.08	23.51	23.78	21.29	20.73
Gain (Loss) on Sale of Investments	-23.57	-1.47	-25.03	-12.85	8.2	-3.04
Other Non-Interest Income	152.49	146.89	124.23	82.89	73.61	57.69
Total Non-Interest Income	200.51	212.01	165.82	158.71	183.72	128.16
Non-Interest Income Growth (YoY)	-6.63%	27.86%	4.47%	-13.61%	43.35%	23.97%
Revenues Before Loan Losses	811.89	839.78	684.96	610.83	640.23	612.42
Provision for Loan Losses	48.46	43.11	11.71	-18.12	70.56	30.43
Revenue	763.43	796.67	673.25	628.95	569.67	581.98
Revenue Growth (YoY)	-5.02%	18.33%	7.04%	10.41%	-2.12%	8.22%
Salaries and Employee Benefits	280.76	277.83	255.99	236.29	229.1	201.09
Occupancy Expenses	23.52	22.99	22.21	22.14	23.27	24.07
Federal Deposit Insurance	12.12	11.95	7.19	5.63	5.11	1.97
Amortization of Goodwill & Intangibles	9.69	10.4	11.19	9.84	11.13	9.67
Selling, General & Administrative	85.64	86.6	81.43	77.41	70.03	67.18
Other Non-Interest Expense	78.89	68.31	53.52	29.61	39.37	35.13
Total Non-Interest Expense	490.63	478.07	431.52	380.92	378	339.12
EBT Excluding Unusual Items	272.8	318.6	241.72	248.03	191.67	242.86
Legal Settlements	-	-	-	-7.1	-	-
Other Unusual Items	-	-	-	-	-7.26	-
Pretax Income	272.8	318.6	241.72	240.93	184.41	242.86
Income Tax Expense	52.12	62.73	24.11	35.77	28.6	44.79
Net Income	220.68	255.86	217.61	205.16	155.81	198.08
Net Income to Common	220.68	255.86	217.61	205.16	155.81	198.08
Net Income Growth	-17.72%	17.58%	6.07%	31.67%	-21.34%	14.76%
Basic Shares Outstanding	94	94	94	95	97	98
Diluted Shares Outstanding	95	95	95	96	98	99
Shares Change (YoY)	0.31%	0.54%	-1.37%	-2.24%	-0.77%	10.31%
EPS (Basic)	2.34	2.72	2.33	2.16	1.60	2.01
EPS (Diluted)	2.32	2.69	2.30	2.14	1.59	2.00
EPS Growth	-17.71%	16.96%	7.48%	34.59%	-20.50%	3.63%
Dividend Per Share	0.930	0.920	0.920	0.920	0.920	0.900
Dividend Growth	1.09%	0%	0%	0%	2.22%	15.38%
Effective Tax Rate	19.11%	19.69%	9.97%	14.85%	15.51%	18.44%

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