NasdaqGS:FFBC

Stock Analysis Report

First Financial Bancorp

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.

Snowflake

Fundamentals

Excellent balance sheet with proven track record and pays a dividend.


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


Market Performance


7 Day Return

-4.3%

NasdaqGS:FFBC

-1.9%

US Banks

-1.9%

US Market


1 Year Return

-27.9%

NasdaqGS:FFBC

-16.1%

US Banks

-3.3%

US Market

FFBC underperformed the Banks industry which returned -16.1% over the past year.

FFBC underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

FFBCIndustryMarket
7 Day-4.3%-1.9%-1.9%
30 Day-9.8%-11.1%-6.2%
90 Day-2.4%-4.9%0.3%
1 Year-25.6%-27.9%-13.7%-16.1%-1.1%-3.3%
3 Year14.1%5.0%37.8%28.4%37.9%28.9%
5 Year59.5%38.0%49.3%33.2%50.8%34.1%

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

Valuation

Is First Financial Bancorp undervalued based on future cash flows and its price relative to the stock market?

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First Financial Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

First Financial Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First Financial Bancorp is good value based on earnings compared to the US Banks industry average.

First Financial Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Financial Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

First Financial Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Financial Bancorp expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Financial Bancorp's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).

First Financial Bancorp's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

First Financial Bancorp's revenue growth is positive but not above the United States of America market average.

First Financial Bancorp's earnings growth is positive but not above the United States of America market average.

First Financial Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Financial Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

24.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Financial Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

First Financial Bancorp's 1-year earnings growth exceeds its 5-year average (75.2% vs 24.9%)

First Financial Bancorp's earnings growth has exceeded the US Banks industry average in the past year (75.2% vs 33.1%).


Return on Equity

First Financial Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Financial Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Financial Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

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

Information is not available.

Information is not available.


Financial Institutions Analysis

First Financial Bancorp has an acceptable proportion of non-loan assets held.

First Financial Bancorp has a low allowance for bad loans.

First Financial Bancorp's liabilities are made up of primarily low risk sources of funding.

First Financial Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Financial Bancorp are broadly funded by customer deposits.

First Financial Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.99%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase First Financial Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

First Financial Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

First Financial Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Financial Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Archie Brown (58yo)

1.3yrs

Tenure

US$2,451,149

Compensation

Mr. Archie M. Brown, Jr., has been President and Chief Executive Officer of First Financial Bancorp and First Financial Bank since April 1, 2018. Previously, he served as the President and Chief Executive  ...


CEO Compensation Analysis

Archie's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Archie to compare compensation growth.


Management Age and Tenure

1.8yrs

Average Tenure

51yo

Average Age

The average tenure for the First Financial Bancorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

61.5yo

Average Age

The average tenure for the First Financial Bancorp board of directors is less than 3 years, this suggests a new board.


Insider Trading

First Financial Bancorp individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$128,05001 Aug 19
Richard Dennen
EntityIndividual
Shares5,000
Max PriceUS$25.61
BuyUS$6,24902 Jul 19
Susan Purkrabek-Knust
EntityIndividual
Role
Member of the Board of Directors
Director
Shares258
Max PriceUS$24.22
BuyUS$12,49802 Jul 19
Maribeth Rahe
EntityIndividual
Shares516
Max PriceUS$24.22
BuyUS$8,74302 Jul 19
Richard Olszewski
EntityIndividual
Shares361
Max PriceUS$24.22
BuyUS$6,24902 Jul 19
Cynthia Booth
EntityIndividual
Role
Member of the Board of Directors
Director
Shares258
Max PriceUS$24.22
BuyUS$6,24902 Jul 19
Vincent Berta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares258
Max PriceUS$24.22
BuyUS$3,12402 Jul 19
J. Ach
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares129
Max PriceUS$24.22
BuyUS$11,89111 Apr 19
Richard Olszewski
EntityIndividual
Shares493
Max PriceUS$24.12
BuyUS$6,19911 Apr 19
Corinne Finnerty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares257
Max PriceUS$24.12
BuyUS$8,92411 Apr 19
Cynthia Booth
EntityIndividual
Role
Member of the Board of Directors
Director
Shares370
Max PriceUS$24.12
BuyUS$6,34411 Apr 19
Vincent Berta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares263
Max PriceUS$24.12
BuyUS$4,24511 Apr 19
William Kramer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares176
Max PriceUS$24.12
BuyUS$4,26911 Apr 19
J. Ach
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares177
Max PriceUS$24.12
BuyUS$15,41311 Apr 19
Maribeth Rahe
EntityIndividual
Shares639
Max PriceUS$24.12
BuyUS$7,79718 Mar 19
Richard Olszewski
EntityIndividual
Shares300
Max PriceUS$25.99
BuyUS$15,00511 Jan 19
Maribeth Rahe
EntityIndividual
Shares619
Max PriceUS$24.24
BuyUS$11,44111 Jan 19
Richard Olszewski
EntityIndividual
Shares472
Max PriceUS$24.24
BuyUS$8,60511 Jan 19
Susan Purkrabek-Knust
EntityIndividual
Role
Member of the Board of Directors
Director
Shares355
Max PriceUS$24.24
BuyUS$4,12111 Jan 19
William Kramer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares170
Max PriceUS$24.24
BuyUS$6,20511 Jan 19
Corinne Finnerty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares256
Max PriceUS$24.24
BuyUS$8,72611 Jan 19
Cynthia Booth
EntityIndividual
Role
Member of the Board of Directors
Director
Shares360
Max PriceUS$24.24
BuyUS$6,30211 Jan 19
Vincent Berta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares260
Max PriceUS$24.24
BuyUS$4,09711 Jan 19
J. Ach
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares169
Max PriceUS$24.24
BuyUS$23,94019 Dec 18
Richard Olszewski
EntityIndividual
Shares1,000
Max PriceUS$23.94
BuyUS$37,03524 Oct 18
Vincent Berta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$24.69
BuyUS$113,77524 Oct 18
William Barron
EntityIndividual
Shares4,625
Max PriceUS$24.60
BuyUS$101,25124 Oct 18
Susan Purkrabek-Knust
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,086
Max PriceUS$24.78
BuyUS$12,15523 Oct 18
Richard Olszewski
EntityIndividual
Shares500
Max PriceUS$24.31
BuyUS$8,53112 Oct 18
Susan Purkrabek-Knust
EntityIndividual
Role
Member of the Board of Directors
Director
Shares295
Max PriceUS$28.92
BuyUS$14,83612 Oct 18
Maribeth Rahe
EntityIndividual
Shares513
Max PriceUS$28.92
BuyUS$11,33712 Oct 18
Richard Olszewski
EntityIndividual
Shares392
Max PriceUS$28.92
BuyUS$6,18912 Oct 18
Thomas O'Brien
EntityIndividual
Role
Member of the Board of Directors
Director
Shares214
Max PriceUS$28.92
BuyUS$4,07812 Oct 18
William Kramer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares141
Max PriceUS$28.92
BuyUS$8,90712 Oct 18
Corinne Finnerty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares308
Max PriceUS$28.92
BuyUS$8,64712 Oct 18
Cynthia Booth
EntityIndividual
Role
Member of the Board of Directors
Director
Shares299
Max PriceUS$28.92
BuyUS$6,18912 Oct 18
Vincent Berta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares214
Max PriceUS$28.92
BuyUS$6,18912 Oct 18
William Barron
EntityIndividual
Shares214
Max PriceUS$28.92
BuyUS$6,18912 Oct 18
Kathleen Bardwell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares214
Max PriceUS$28.92
BuyUS$4,13611 Oct 18
J. Ach
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares143
Max PriceUS$28.92
BuyUS$15,17513 Sep 18
Richard Olszewski
EntityIndividual
Shares500
Max PriceUS$30.35

Ownership Breakdown


Management Team

  • Claude Davis (59yo)

    Executive Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: US$2.59m
  • Archie Brown (58yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$2.45m
  • Tony Stollings (65yo)

    Executive Vice President

    • Tenure: 12.7yrs
    • Compensation: US$1.04m
  • Jamie Anderson (47yo)

    Executive VP & CFO

    • Tenure: 1.3yrs
    • Compensation: US$857.59k
  • Karen Woods (51yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$679.13k
  • Linda Novitski

    Interim CTO

    • Tenure: 13.7yrs
  • John Gavigan (41yo)

    Chief Operating Officer

    • Tenure: 0.0yrs
    • Compensation: US$769.11k
  • Mandy Neeley

    Executive VP and Chief Marketing & Strategy Officer

    • Tenure: 0.0yrs
  • Scott Crawley (38yo)

    Corporate Controller & Principal Accounting Officer

    • Tenure: 2.6yrs
  • Bill Harrod (51yo)

    Executive VP & Chief Credit Officer

    • Tenure: 1.8yrs
    • Compensation: US$603.95k

Board Members

  • Claude Davis (59yo)

    Executive Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: US$2.59m
  • Corinne Finnerty (63yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: US$98.74k
  • Archie Brown (58yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$2.45m
  • William Kramer (59yo)

    Director

    • Tenure: 14.2yrs
    • Compensation: US$110.99k
  • Vince Berta (60yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$95.00k
  • Susan Purkrabek-Knust (66yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$98.74k
  • J. Ach (71yo)

    Lead Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$123.37k
  • Kathie Bardwell (63yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$87.50k
  • Tom O'Brien (62yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$95.00k
  • Cynthia Booth (61yo)

    Director

    • Tenure: 8.7yrs
    • Compensation: US$108.74k

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$2.260b
  • Shares outstanding: 98.57m
  • Website: https://www.bankatfirst.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFBCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1983
FI5DB (Deutsche Boerse AG)YesCommon StockDEEUROct 1983

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:37
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.