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FFBC

First Financial Bancorp NasdaqGS:FFBC Stock Report

Last Price

US$20.93

Market Cap

US$2.0b

7D

2.3%

1Y

-16.3%

Updated

25 May, 2022

Data

Company Financials +
FFBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

FFBC Stock Overview

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois.

First Financial Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Financial Bancorp
Historical stock prices
Current Share PriceUS$20.93
52 Week HighUS$26.83
52 Week LowUS$19.80
Beta1.04
1 Month Change-3.64%
3 Month Change-13.41%
1 Year Change-16.35%
3 Year Change-10.13%
5 Year Change-16.45%
Change since IPO170.37%

Recent News & Updates

May 14
First Financial Bancorp (NASDAQ:FFBC) Has Announced A Dividend Of US$0.23

First Financial Bancorp (NASDAQ:FFBC) Has Announced A Dividend Of US$0.23

The board of First Financial Bancorp. ( NASDAQ:FFBC ) has announced that it will pay a dividend on the 15th of June...

Apr 30
First Financial Bancorp's (NASDAQ:FFBC) Dividend Will Be US$0.23

First Financial Bancorp's (NASDAQ:FFBC) Dividend Will Be US$0.23

The board of First Financial Bancorp. ( NASDAQ:FFBC ) has announced that it will pay a dividend on the 15th of June...

Shareholder Returns

FFBCUS BanksUS Market
7D2.3%0.01%-4.0%
1Y-16.3%-15.5%-13.2%

Return vs Industry: FFBC matched the US Banks industry which returned -15.5% over the past year.

Return vs Market: FFBC underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is FFBC's price volatile compared to industry and market?
FFBC volatility
FFBC Average Weekly Movement4.5%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: FFBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FFBC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18632,010Archie Brownhttps://www.bankatfirst.com

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.

First Financial Bancorp Fundamentals Summary

How do First Financial Bancorp's earnings and revenue compare to its market cap?
FFBC fundamental statistics
Market CapUS$1.96b
Earnings (TTM)US$199.15m
Revenue (TTM)US$632.20m

9.9x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FFBC income statement (TTM)
RevenueUS$632.20m
Cost of RevenueUS$0
Gross ProfitUS$632.20m
Other ExpensesUS$433.05m
EarningsUS$199.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.11
Gross Margin100.00%
Net Profit Margin31.50%
Debt/Equity Ratio27.3%

How did FFBC perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

44%

Payout Ratio

Does FFBC pay a reliable dividends?

See FFBC dividend history and benchmarks
When do you need to buy FFBC by to receive an upcoming dividend?
First Financial Bancorp dividend dates
Ex Dividend DateMay 31 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend5 days
Days until Dividend pay date20 days

Does FFBC pay a reliable dividends?

See FFBC dividend history and benchmarks

Valuation

Is First Financial Bancorp undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FFBC ($20.93) is trading below our estimate of fair value ($47.32)

Significantly Below Fair Value: FFBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FFBC is poor value based on its Price-To-Earnings Ratio (9.9x) compared to the US Banks industry average (9.7x).

PE vs Market: FFBC is good value based on its Price-To-Earnings Ratio (9.9x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: FFBC is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: FFBC is good value based on its Price-To-Book Ratio (0.9x) compared to the US Banks industry average (1.1x).


Future Growth

How is First Financial Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FFBC's forecast earnings growth (4.9% per year) is above the savings rate (1.9%).

Earnings vs Market: FFBC's earnings (4.9% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: FFBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: FFBC's revenue (7.5% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: FFBC's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FFBC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has First Financial Bancorp performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FFBC has high quality earnings.

Growing Profit Margin: FFBC's current net profit margins (31.5%) are higher than last year (29.3%).


Past Earnings Growth Analysis

Earnings Trend: FFBC's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: FFBC's earnings growth over the past year (14.1%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: FFBC earnings growth over the past year (14.1%) underperformed the Banks industry 20.8%.


Return on Equity

High ROE: FFBC's Return on Equity (9.3%) is considered low.


Financial Health

How is First Financial Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FFBC's Assets to Equity ratio (7.5x) is low.

Allowance for Bad Loans: FFBC has a sufficient allowance for bad loans (232%).

Low Risk Liabilities: 92% of FFBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FFBC has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: FFBC's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: FFBC has an appropriate level of bad loans (0.6%).


Dividend

What is First Financial Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.40%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 15 202215 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FFBC's dividend (4.4%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: FFBC's dividend (4.4%) is in the top 25% of dividend payers in the US market (4.06%)


Stability and Growth of Payments

Stable Dividend: FFBC's dividend payments have been volatile in the past 10 years.

Growing Dividend: FFBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.5%), FFBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Archie Brown (60 yo)

4.08yrs

Tenure

US$3,054,247

Compensation

Mr. Archie M. Brown, Jr., serves as Director of Cincinnati Branch at Federal Reserve Bank of Cleveland since January 1, 2022. He has been President, Chief Executive Officer and Director of First Financial...


CEO Compensation Analysis

Compensation vs Market: Archie's total compensation ($USD3.05M) is below average for companies of similar size in the US market ($USD5.44M).

Compensation vs Earnings: Archie's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FFBC's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: FFBC's board of directors are seasoned and experienced ( 11.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FFBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Financial Bancorp.'s employee growth, exchange listings and data sources


Key Information

  • Name: First Financial Bancorp.
  • Ticker: FFBC
  • Exchange: NasdaqGS
  • Founded: 1863
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.958b
  • Shares outstanding: 94.44m
  • Website: https://www.bankatfirst.com

Number of Employees


Location

  • First Financial Bancorp.
  • 255 East Fifth Street
  • Suite 800
  • Cincinnati
  • Ohio
  • 45202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.