earnings
confidence high
sentiment positive
materiality 0.75
First Financial Q4 EPS $0.73; record revenue; loan growth 20.3% annualized
FIRST FINANCIAL BANCORP /OH/
2022-FY EPS reported
$2.30
- Net income $69.1M ($0.73 diluted EPS) vs $55.7M ($0.59) in Q3 2022.
- Record quarterly revenue driven by net interest income and record fee income.
- Net interest margin (FTE) 4.47%, up 49 bp from linked quarter on higher asset yields.
- Loan balances grew $501.5M (20.3% annualized); Summit contributed $129.7M.
- Record noninterest income of $56.0M; foreign exchange and leasing income at all-time highs.