secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL BANCORP /OH/ (FFBC)
CIK:        0000708955
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000708955-25-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Bancorp Q1 EPS $0.54 ($0.63 adjusted); net income down 21% from Q4
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- Net income of $51.3M ($0.54 diluted EPS) vs $64.9M ($0.68) in Q4 2024; adjusted EPS $0.63.
- Net interest margin (FTE) 3.88%, down 6 bp from Q4; cost of deposits down 12 bp.
- Noninterest income $51.1M ($61.0M adjusted) includes $9.9M loss on securities sale; record wealth management.
- Noninterest expenses $128.1M ($126.6M adjusted), down 3.3% linked quarter; efficiency ratio 63.9% (60.2% adjusted).
- Loan balances down $37.6M; average deposits down $99M (excluding brokered, up $62.8M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708955/000070895525000025/0000708955-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708955/000070895525000025/ffbc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000708955-25-000025

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