earnings
confidence high
sentiment positive
materiality 0.80
First Financial Bancorp Q3 EPS $0.59; NIM expands 53 bps to 3.98%
FIRST FINANCIAL BANCORP /OH/
2022-Q3 EPS reported
$1.57
- Diluted EPS $0.59 ($0.61 adjusted); net income $55.7M.
- Net interest margin (FTE) 3.98%, up 53 bps from Q2; loan yields rose 89 bps.
- Loan growth $377M (15.9% annualized); broad-based portfolio growth.
- Noninterest income $42.5M; foreign exchange $11.8M, mortgage banking down 28.8%.
- Credit quality improved: net charge-offs, classified assets, and NPAs declined sequentially.