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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	803.28	743.77	458.74	385.54	431.66	499.01
Interest Income on Investments	160.66	159.23	126.26	97.68	93.31	108.57
Total Interest Income	963.93	903	585.01	483.22	524.96	607.58
Interest Paid on Deposits	285.36	202.01	28.14	14.44	41.92	79.03
Interest Paid on Borrowings	67.3	73.22	37.72	16.66	26.53	44.29
Total Interest Expense	352.66	275.23	65.86	31.1	68.45	123.32
Net Interest Income	611.27	627.77	519.14	452.12	456.51	484.25
Net Interest Income Growth (YoY)	-0.50%	20.92%	14.82%	-0.96%	-5.73%	7.80%
Trust Income	26.88	26.08	23.51	23.78	21.29	20.73
Gain (Loss) on Sale of Investments	-6.37	-1.47	-25.03	-12.85	8.2	-3.04
Other Non-Interest Income	147.5	146.89	124.23	82.89	73.61	57.69
Total Non-Interest Income	211.22	212.01	165.82	158.71	183.72	128.16
Non-Interest Income Growth (YoY)	15.08%	27.86%	4.47%	-13.61%	43.35%	23.97%
Revenues Before Loan Losses	822.49	839.78	684.96	610.83	640.23	612.42
Provision for Loan Losses	49.51	43.11	11.71	-18.12	70.56	30.43
Revenue	772.98	796.67	673.25	628.95	569.67	581.98
Revenue Growth (YoY)	1.93%	18.33%	7.04%	10.41%	-2.12%	8.22%
Salaries and Employee Benefits	280.49	277.83	255.99	236.29	229.1	201.09
Occupancy Expenses	23.11	22.99	22.21	22.14	23.27	24.07
Federal Deposit Insurance	11.75	11.95	7.19	5.63	5.11	1.97
Amortization of Goodwill & Intangibles	9.9	10.4	11.19	9.84	11.13	9.67
Selling, General & Administrative	86.84	86.6	81.43	77.41	70.03	67.18
Other Non-Interest Expense	74.61	68.31	53.52	29.61	39.37	35.13
Total Non-Interest Expense	486.7	478.07	431.52	380.92	378	339.12
EBT Excluding Unusual Items	286.29	318.6	241.72	248.03	191.67	242.86
Legal Settlements	-	-	-	-7.1	-	-
Other Unusual Items	-	-	-	-	-7.26	-
Pretax Income	286.29	318.6	241.72	240.93	184.41	242.86
Income Tax Expense	55	62.73	24.11	35.77	28.6	44.79
Net Income	231.29	255.86	217.61	205.16	155.81	198.08
Net Income to Common	231.29	255.86	217.61	205.16	155.81	198.08
Net Income Growth	-11.34%	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)	0.30%	0.54%	-1.37%	-2.24%	-0.77%	10.31%
EPS (Basic)	2.46	2.72	2.33	2.16	1.60	2.01
EPS (Diluted)	2.43	2.69	2.30	2.14	1.59	2.00
EPS Growth	-11.62%	16.96%	7.48%	34.59%	-20.50%	3.63%
Dividend Per Share	0.920	0.920	0.920	0.920	0.920	0.900
Dividend Growth	0%	0%	0%	0%	2.22%	15.38%
Effective Tax Rate	19.21%	19.69%	9.97%	14.85%	15.51%	18.44%

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