First Financial Bancorp. (FFBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 255 EAST FIFTH STREET
CINCINNATI, OH 45202
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments595,683434,842251,359257,639273,959184,624
Cash and cash equivalents595,683434,842251,359257,639273,959184,624
Receivables10,265,0749,263,097    
Total current assets:10,860,7579,697,939251,359257,639273,959184,624
Noncurrent Assets
Operating lease, right-of-use asset  63,90058,600
Property, plant and equipment 189,080193,040207,211214,506215,652125,036
Long-term investments and receivables33,89725,202    
Accounts and financing receivable, after allowance for credit loss33,89725,202    
Intangible assets, net (including goodwill)1,095,4261,089,6471,002,3231,013,972921,051209,384
Goodwill1,001,5071,000,749937,771937,771880,251204,084
Intangible assets, net (excluding goodwill)93,91988,89864,55276,20140,8005,300
Amortization method qualified affordable housing project investments158,440134,035    
Total noncurrent assets:1,476,8431,441,9241,273,4341,287,0781,136,703334,420
Other undisclosed assets4,665,7165,189,27814,448,34112,966,90812,575,9988,377,879
TOTAL ASSETS:17,003,31616,329,14115,973,13414,511,62513,986,6608,896,923
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,287,156319,233166,5941,316,1811,040,691814,565
Total current liabilities:1,287,156319,233166,5941,316,1811,040,691814,565
Noncurrent Liabilities
Long-term debt and lease obligation, including:32,500313,420    
Long-term debt, excluding current maturities32,50073,382    
Other undisclosed long-term debt and lease obligation  240,038    
Liabilities, other than long-term debt84,33472,511    
Qualified affordable housing project investments, commitment84,33472,511    
Total noncurrent liabilities:116,834385,931    
Other undisclosed liabilities13,557,95313,365,03513,524,47010,947,73910,867,7207,151,694
Total liabilities:14,961,94314,070,19913,691,06412,263,92011,908,4117,966,259
Equity
Equity, attributable to parent2,041,3732,258,9422,282,0702,247,7052,078,249930,664
Common stock1,634,6051,640,3581,638,9471,640,7711,633,256573,109
Treasury stock, value(202,806)(218,456)(125,970)(117,638)(110,613)(113,902)
Accumulated other comprehensive income (loss)(358,663)(433)48,66413,323(44,408)(20,390)
Retained earnings968,237837,473720,429711,249600,014491,847
Total equity:2,041,3732,258,9422,282,0702,247,7052,078,249930,664
TOTAL LIABILITIES AND EQUITY:17,003,31616,329,14115,973,13414,511,62513,986,6608,896,923

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues631,628516,238576,139622,429546,453387,037
Net investment income585,006483,217524,963607,578540,382333,073
Cost of revenue(11,713) (70,559)(30,598)(14,586)(3,582)
Provision for loan, lease, and other losses(11,713) (70,559)(30,598)(14,586)
Financial services costs(3,582)
Gross profit:619,915516,238505,580591,831531,867383,455
Operating expenses(101,679)(80,350)(76,705)(73,208)(79,481)(186,677)
Other operating income, net
(Noninterest Income, Other Operating Income)
17,87315,86616,94621,14019,35515,760
Operating income:536,109451,754445,821539,763471,741212,538
Nonoperating income (expense)
(losses on Sales of Other Real Estate)
     (373)(642)
Interest and debt expense(65,863)(31,099)(75,709)(123,324)(91,147)(49,528)
Other undisclosed loss from continuing operations before equity method investments, income taxes(228,524)(179,722)(185,701)(173,577)(166,000)(46,205)
Income from continuing operations before equity method investments, income taxes:241,722240,933184,411242,862214,221116,163
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:241,722240,933184,411242,862214,221116,163
Income tax expense(24,110)(35,773)(28,601)(44,787)(41,626)(19,376)
Income from continuing operations:217,612205,160155,810198,075172,59596,787
Income before gain (loss) on sale of properties:205,160155,810198,075172,59596,787
Net income available to common stockholders, diluted:217,612205,160155,810198,075172,59596,787

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:217,612205,160155,810198,075172,59596,787
Other comprehensive income (loss)(358,230)(49,097)35,34156,825(18,925)8,053
Other undisclosed comprehensive income (loss)155,285(161,329)(195,073)(260,920)(143,126)(109,126)
Comprehensive income (loss):14,667(5,266)(3,922)(6,020)10,544(4,286)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(155,285)161,329195,073260,920143,126109,126
Comprehensive income (loss), net of tax, attributable to parent:(140,618)156,063191,151254,900153,670104,840

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: