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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments702,626505,300595,683534,531487,523457,575
Cash and cash equivalents702,626505,300595,683534,531487,523457,575
Receivables10,501,29110,388,14810,265,0749,778,2949,398,664 
Total current assets:11,203,91710,893,44810,860,75710,312,8259,886,187457,575
Noncurrent Assets
Operating lease, right-of-use asset51,30053,200 55,80054,50055,800
Property, plant and equipment   189,080   
Long-term investments and receivables48,91845,23733,89719,14221,75323,850
Accounts and financing receivable, after allowance for credit loss48,91845,23733,89719,14221,75323,850
Intangible assets, net (including goodwill)1,094,4901,096,9071,095,4261,094,9501,082,8481,085,850
Goodwill1,005,8281,005,7381,001,507998,422999,959999,959
Intangible assets, net (excluding goodwill)88,66291,16993,91996,52882,88985,891
Amortization method qualified affordable housing project investments167,296168,674158,440162,917151,158137,469
Total noncurrent assets:1,362,0041,364,0181,476,8431,332,8091,310,2591,302,969
Other undisclosed assets4,524,2284,676,4184,665,7164,978,1595,047,26814,248,606
TOTAL ASSETS:17,090,14916,933,88417,003,31616,623,79316,243,71416,009,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,216,2831,217,5601,287,1561,161,047896,000185,000
Total current liabilities:1,216,2831,217,5601,287,1561,161,047896,000185,000
Noncurrent Liabilities
Long-term debt and lease obligation, including:25,40528,27732,500313,990313,800313,611
Long-term debt, excluding current maturities25,40528,27732,50041,12644,77866,229
Other undisclosed long-term debt and lease obligation    272,864269,022247,382
Liabilities, other than long-term debt94,80194,31984,334100,65077,94771,298
Qualified affordable housing project investments, commitment94,80194,31984,334100,65077,94771,298
Total noncurrent liabilities:120,206122,596116,834414,640391,747384,909
Other undisclosed liabilities13,610,24113,472,23213,557,95313,053,97412,887,29713,301,796
Total liabilities:14,946,73014,812,38814,961,94314,629,66114,175,04413,871,705
Equity
Equity, attributable to parent2,143,4192,121,4962,041,3731,994,1322,068,6702,137,445
Common stock1,632,6591,629,4281,634,6051,631,6961,637,2371,634,903
Treasury stock, value(196,945)(196,766)(202,806)(203,937)(212,245)(212,159)
Accumulated other comprehensive loss(353,010)(328,059)(358,663)(354,570)(243,328)(142,477)
Retained earnings1,060,7151,016,893968,237920,943887,006857,178
Total equity:2,143,4192,121,4962,041,3731,994,1322,068,6702,137,445
TOTAL LIABILITIES AND EQUITY:17,090,14916,933,88417,003,31616,623,79316,243,71416,009,150

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues237,999224,580203,244165,968138,631123,778
Net investment income223,895208,581189,914155,112126,143113,830
Cost of revenue  (700)(10,030)(386)(3,481) 
Provision for loan, lease, and other losses   (10,030)(386)(3,481) 
Amortization of mortgage servicing rights (msrs)  (700)    
Gross profit:237,999223,880193,214165,582135,150123,778
Operating expenses(31,526)(28,368)(26,939)(29,311)(27,592)(23,535)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,3775,0804,5794,1095,7473,465
Operating income:211,850200,592170,854140,380113,305103,708
Interest and debt expense(64,663)(49,263)(32,018)(17,220)(8,948)(7,484)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (228,524)   
Income (loss) from continuing operations before equity method investments, income taxes:147,187151,329(89,688)123,160104,35796,224
Other undisclosed income (loss) from continuing operations before income taxes(66,037)(63,640)169,147(76,086)(39,817)(45,575)
Income from continuing operations before income taxes:81,15087,68979,45947,07464,54050,649
Income tax expense (benefit)(15,483)(17,286)(10,373)8,631(13,020)(9,348)
Income from continuing operations:65,66770,40369,08655,70551,52041,301
Income before gain (loss) on sale of properties:55,70551,52041,301
Net income available to common stockholders, diluted:65,66770,40369,08655,70551,52041,301

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:65,66770,40369,08655,70551,52041,301
Other comprehensive income (loss)(24,951)30,604(4,093)(111,242)(100,851)(142,044)
Other undisclosed comprehensive income   155,285   
Comprehensive income (loss):40,716101,007220,278(55,537)(49,331)(100,743)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (155,285)   
Comprehensive income (loss), net of tax, attributable to parent:40,716101,00764,993(55,537)(49,331)(100,743)

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.

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