First Financial Bancorp

Chart & Performance

D1W1MN

P/E

10.55

P/S

2.89

EPS

2.39

Div Yield, %

2.78%

Shrs. gr., 5y

-0.71%

Rev. gr., 5y

6.30%

Revenues

836m

+4.88%

Net income

229m

-10.57%

CFO

262m

-46.17%

Dividend

Aug 30, 20240.24 USD/sh

Profile

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-occupied and/or investor income producing real estate consisting of apartments, shopping centers, or office buildings; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit. In addition, the company offers commercial financing to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. Further, it provides a range of trust and wealth management services; and lease and equipment financing services. As of December 31, 2021, the company operated 139 full service banking centers, 29 of which are leased facilities. It operates 62 banking centers in Ohio, three banking centers in Illinois, 62 banking centers in Indiana, and 12 banking centers in Kentucky. First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.

URL

https://www.bankatfirst.com/

IPO date

Dec 21, 1983

Employees

2,193

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	835,578 4.88%	796,670 12.40%	708,784 13.66%
Cost of revenue	368,941	28,070	285,306
Unusual Expense (Income)
NOPBT	466,637	768,600	423,478
NOPBT Margin	55.85%	96.48%	59.75%
Operating Taxes	39,494	62,733	24,110
Tax Rate	8.46%	8.16%	5.69%
NOPAT	427,143	705,867	399,368
Net income	228,830 -10.57%	255,863 17.58%	217,612 6.07%
Dividends	(89,544)	(87,159)	(86,606)
Dividend yield	3.49%	3.86%	3.78%
Proceeds from repurchase of equity		48
BB yield		0.00%
Debt
Debt current	755,452	937,814	1,287,156
Long-term debt	349,029	345,726	348,370
Deferred revenue
Other long-term liabilities	(347,509)	5,170,842	1,567,422
Net debt	(5,635,065)	(2,139,311)	(6,006,634)
Cash flow
Cash from operating activities	262,156	486,969	200,846
CAPEX	(21,075)	(24,135)	(43,253)
Cash from investing activities	(1,000,035)	(701,265)	(883,105)
Cash from financing activities	699,078	219,854	669,729
FCF	(9,000,173)	11,995,393	(1,061,128)
Balance
Cash	3,364,212	191,459	4,005,331
Long term investments	3,375,334	3,231,392	3,636,829
Excess cash	6,697,767	3,383,018	7,606,721
Stockholders' equity	2,628,585	2,465,871	2,244,179
Invested Capital	16,697,128	6,262,836	16,046,293
ROIC	3.72%	6.33%	2.65%
ROCE	2.41%	8.81%	2.32%
EV
Common stock shares outstanding	95,406	95,096	94,587
Price	26.88 13.18%	23.75 -1.98%	24.23 -0.62%
Market cap	2,564,506 13.55%	2,258,532 -1.45%	2,291,839 -1.97%
EV	(3,070,559)	119,221	(3,714,795)
EBITDA	505,055	806,399	462,285
EV/EBITDA		0.15
Interest	390,085	275,234	65,863
Interest/NOPBT	83.59%	35.81%	15.55%