earnings
confidence high
sentiment neutral
materiality 0.60
FFBC Q3 2024 net income $52.5M ($0.55 EPS); adjusted EPS $0.67; NIM 4.08%
FIRST FINANCIAL BANCORP /OH/
2024-Q3 EPS reported
$1.72
- Diluted EPS of $0.55; adjusted EPS $0.67; net income $52.5M vs. $60.8M in Q2 2024.
- Net interest margin (FTE) 4.08%, down 2bp from Q2; deposit growth $166.2M (4.9% annualized).
- Noninterest income $45.7M ($58.8M adjusted) driven by foreign exchange, wealth, leasing; $17.5M securities loss.
- Tangible book value $14.26, up 10.2% linked quarter; quarterly dividend maintained at $0.24.
- Net charge-offs 0.25% of loans; ACL ratio 1.37%; loan growth $31.9M (1% annualized).