First Financial Bancorp authorizes buyback of up to 5M shares (~5% of outstanding)

FIRST FINANCIAL BANCORP /OH/

Board authorized repurchase of up to 5,000,000 shares, ~5% of shares outstanding as of Sep 30, 2023.
Plan effective Jan 1, 2024, upon expiration of prior plan, and runs through Dec 31, 2025.
Repurchases may be made in open market, block trades, or private transactions subject to market conditions.
Company cites strong balance sheet and capital position as basis for enhancing long-term shareholder value.
Authorization replaces existing plan; purchases can be commenced or suspended at any time without notice.

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