FIRST FINANCIAL BANCORP /OH/ SEC 10-Q Report
First Financial Bancorp has released its Q3 Form 10-Q report, showing strong financial performance despite economic challenges. Key highlights include total interest income of $250.3 million, net interest income of $160.5 million, and net income of $71.9 million. Earnings per share increased to $0.76 (basic) and $0.75 (diluted). Noninterest income rose significantly to $73.5 million, while noninterest expenses increased to $134.3 million. The company continues to focus on credit quality and risk management, with operations primarily in Ohio, Indiana, Kentucky, and Illinois.
First Financial Bancorp, a prominent financial institution operating primarily in Ohio, Indiana, Kentucky, and Illinois, has released its Form 10-Q report for the third quarter. The report reveals a robust financial performance, with notable improvements in key metrics despite a challenging economic environment. The company continues to focus on maintaining strong credit standards and managing risk effectively.
Financial Highlights
Total Interest Income: $250.3 million, reflecting a decrease from the previous year's $257.1 million, primarily due to lower interest income from loans and leases.
Net Interest Income: $160.5 million, an increase from $155.6 million in the prior year, driven by a reduction in interest expense.
Provision for Credit Losses: $8.6 million, a decrease from $9.9 million in the previous year, indicating improved credit quality.
Net Income: $71.9 million, up from $52.5 million in the prior year, reflecting stronger overall financial performance.
Net Earnings Per Common Share - Basic: $0.76, compared to $0.56 in the previous year, indicating improved profitability per share.
Net Earnings Per Common Share - Diluted: $0.75, up from $0.55 in the prior year, showing enhanced earnings performance.
Total Noninterest Income: $73.5 million, a significant increase from $45.7 million, driven by higher foreign exchange income and leasing business income.
Total Noninterest Expenses: $134.3 million, up from $125.8 million, primarily due to increased salaries and employee benefits.
Business Highlights
Revenue Segments: The company reported revenue from various segments including commercial and industrial loans, lease financing, construction real estate, commercial real estate, residential real estate, home equity, installment, and credit card lending. Each segment showed varying levels of performance, with commercial and industrial loans being a significant contributor.
Geographical Performance: The company primarily operates in Ohio, Indiana, Kentucky, and Illinois, with certain specialty lending platforms extending beyond these regions. The performance in these areas is crucial to the company's overall operations.
Future Outlook: Management anticipates continued monitoring of credit quality and economic conditions, which could impact future operational performance. The company is also focused on maintaining strong credit standards and managing risk effectively.
SEC Filing: FIRST FINANCIAL BANCORP /OH/ [ FFBC ] - 10-Q - Nov. 04, 2025
