First Financial Bancorp Q1 2023 EPS $0.74 (adj. $0.76); revenue $214.9M record

FIRST FINANCIAL BANCORP /OH/

2023-Q1 EPS reported $0.74

EPS $0.74 GAAP, $0.76 adjusted; 65% increase YoY.
Net interest margin (FTE) 4.55%, up 8 bp from Q4 2022; loan growth $134.4M (5.3% annualized).
Record fee income: foreign exchange $16.9M, leasing $13.7M, wealth mgmt $6.3M.
Noninterest expenses $116.7M (adj. $114.6M); adjusted efficiency ratio 53.3%.
Regulatory capital ratios increased; stable credit with de minimis net charge-offs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST FINANCIAL BANCORP /OH/ reported first three months of 2023 results: revenue $214.9 million, net income $70.4 million, EPS $0.74 per diluted common share.

Period: first three months of 2023
Revenue: $214.9 million
Net income: $70.4 million
EPS: $0.74 per diluted common share
Result: reported results

Exact text from the filing

per diluted share of $0.74; $0.76 on an adjusted (1) basis, 65% increase YoY • Return on average assets of 1.69%; 1.72% on an adjusted (1) basis • Record quarterly revenue of $214.9 million • Net interest margin on FTE basis (1) of 4.55%; 8 bp increase from linked quarter • Loan growth of $134.4 million; 5.3% on an annualized basis • Record adjusted (1) fee income

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Source: SEC EDGAR

accession 0000708955-23-000025

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