First Financial Bancorp
Market Cap
US$2.4b
Last Updated
2021/04/18 23:02 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has First Financial Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FFBC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FFBC's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
FFBC
0.04%
US Banks
1.3%
US Market
1 Year Return
79.8%
FFBC
70.1%
US Banks
53.8%
US Market
Return vs Industry: FFBC exceeded the US Banks industry which returned 70.2% over the past year.
Return vs Market: FFBC exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| FFBC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 0.04% | 1.3% |
| 30 Day | -2.5% | 0.7% | 5.1% |
| 90 Day | 20.7% | 16.6% | 8.9% |
| 1 Year | 90.3%79.8% | 75.7%70.1% | 56.6%53.8% |
| 3 Year | -9.9%-20.4% | 25.8%14.9% | 64.4%53.6% |
| 5 Year | 49.4%25.0% | 96.5%71.5% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is First Financial Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
What Is The Ownership Structure Like For First Financial Bancorp. (NASDAQ:FFBC)?4 weeks ago | Simply Wall St
Update: First Financial Bancorp (NASDAQ:FFBC) Stock Gained 68% In The Last Year1 month ago | Simply Wall St
First Financial Bancorp. (NASDAQ:FFBC) Is About To Go Ex-Dividend, And It Pays A 4.2% YieldValuation
Is First Financial Bancorp undervalued compared to its fair value and its price relative to the market?
15.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FFBC ($24.53) is trading above our estimate of fair value ($18.33)
Significantly Below Fair Value: FFBC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FFBC is poor value based on its PE Ratio (15.3x) compared to the US Banks industry average (13.3x).
PE vs Market: FFBC is good value based on its PE Ratio (15.3x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: FFBC is poor value based on its PEG Ratio (8.2x)
Price to Book Ratio
PB vs Industry: FFBC's PB Ratio (1.1x) is in line with the US Banks industry average.
Future Growth
How is First Financial Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
1.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFBC's forecast earnings growth (1.9% per year) is below the savings rate (2%).
Earnings vs Market: FFBC's earnings (1.9% per year) are forecast to grow slower than the US market (18% per year).
High Growth Earnings: FFBC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FFBC's revenue (2.6% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: FFBC's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FFBC's Return on Equity is forecast to be low in 3 years time (7%).
Past Performance
How has First Financial Bancorp performed over the past 5 years?
19.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFBC has high quality earnings.
Growing Profit Margin: FFBC's current net profit margins (27.1%) are lower than last year (34%).
Past Earnings Growth Analysis
Earnings Trend: FFBC's earnings have grown by 19.6% per year over the past 5 years.
Accelerating Growth: FFBC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FFBC had negative earnings growth (-21.3%) over the past year, making it difficult to compare to the Banks industry average (3.5%).
Return on Equity
High ROE: FFBC's Return on Equity (6.8%) 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 Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FFBC's Assets to Equity ratio (7x) is low.
Allowance for Bad Loans: FFBC has a sufficient allowance for bad loans (200%).
Low Risk Liabilities: 89% 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 (61%).
Low Risk Deposits: FFBC's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: FFBC has an appropriate level of bad loans (0.9%).
Dividend
What is First Financial Bancorp current dividend yield, its reliability and sustainability?
3.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFBC's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FFBC's dividend (3.75%) is in the top 25% of dividend payers in the US market (3.46%)
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
Dividend Coverage: With its reasonable payout ratio (57.5%), FFBC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFBC's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Archie Brown (59 yo)
3yrs
Tenure
US$2,604,410
Compensation
Mr. Archie M. Brown, Jr., has been President, Chief Executive Officer and Director of First Financial Bancorp and First Financial Bank since April 1, 2018. Previously, he served as the President and Chief ...
CEO Compensation Analysis
Compensation vs Market: Archie's total compensation ($USD2.60M) is below average for companies of similar size in the US market ($USD3.79M).
Compensation vs Earnings: Archie's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FFBC's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: FFBC's board of directors are seasoned and experienced ( 10.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FFBC insiders have only sold shares 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Financial Bancorp.
- Ticker: FFBC
- Exchange: NasdaqGS
- Founded: 1863
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.388b
- Shares outstanding: 97.37m
- Website: https://www.bankatfirst.com
Number of Employees
Location
- First Financial Bancorp.
- 255 East Fifth Street
- Suite 800
- Cincinnati
- Ohio
- 45202
- United States
Listings
Biography
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 Il...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/18 23:02 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.