earnings
confidence high
sentiment positive
materiality 0.65
First Financial Q1 EPS $0.53 ($0.59 adjusted); acquires Agile Premium Finance
FIRST FINANCIAL BANCORP /OH/
2024-Q1 EPS reported
$0.53
- Net income $50.7M; diluted EPS $0.53; adjusted EPS $0.59.
- Net interest margin (FTE) 4.10%, down 16 bp QoQ on higher funding costs.
- Loan growth $271.9M (10% annualized); Agile Premium Finance acquired Feb 29 for $93.4M in loans.
- Quarterly dividend raised to $0.23 per share, approved by Board.
- Tangible common equity ratio improved to 7.23%.