First Financial Bancorp (FFBC) AI Stock Analysis

• Market Cap: $2.35B
• Dividend Yield: 3.69%
• Average Volume (3M): 380.51K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 1.11
• Revenue Growth: 9.95%
• EPS Growth: -11.02%
• Country: US
• Employees: 2,090
• Sector: Financial
• Sector Strength: 77
• Industry: Banking
• EPS (TTM): 2.40
• Shares Outstanding: 95,423,750
• 10 Day Avg. Volume: 394,638
• 30 Day Avg. Volume: 380,507
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.05
• Price to Cash Flow (P/CF): 8.20
• P/FCF Ratio: 3.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $31.00
• Price Target Upside: 27.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

First Financial Bancorp's overall stock score reflects a balance between strong financial performance and challenges in cash flow stability and technical indicators. The earnings call provided a positive outlook with record growth and solid asset quality, but technical analysis suggests caution. Fair valuation and an attractive dividend yield support the score.

First Financial Bancorp Business Overview & Revenue Model

Company Description

First Financial Bancorp (FFBC) is a financial holding company headquartered in Cincinnati, Ohio. It operates primarily through its subsidiary, First Financial Bank, which provides a range of banking services to individuals and businesses. The bank offers products such as personal and business checking and savings accounts, mortgage loans, credit cards, and wealth management services. With a focus on community banking, First Financial Bancorp serves customers in Ohio, Indiana, and Kentucky through its network of banking centers.

How the Company Makes Money

First Financial Bancorp generates revenue primarily through interest income from its lending activities and fees from its banking services. The company earns interest income by providing loans to individuals and businesses, including commercial loans, residential mortgages, and consumer loans. Additionally, it earns non-interest income through service charges on deposit accounts, fees from wealth management and investment services, and transaction-based fees on payment processing. The bank also engages in investment activities with its securities portfolio, contributing to its earnings. Significant partnerships with local businesses and community involvement enhance its customer base and drive further business opportunities.

First Financial Bancorp Financial Statement Overview

Summary

First Financial Bancorp demonstrates solid revenue growth and a stable balance sheet. However, the decrease in net income and cash flow volatility present areas for improvement. Maintaining profitability while managing leverage and enhancing cash flow stability will be crucial for sustaining financial health in the competitive banking industry.

Income Statement

First Financial Bancorp showcases strong revenue growth with a 5% increase from 2023 to 2024. The net profit margin slightly declined due to lower net income, but overall profitability remains robust. EBIT and EBITDA margins are not available for 2024, limiting comprehensive margin analysis. Despite this, the consistent revenue growth trajectory is a positive indicator.

Balance Sheet

The company's equity ratio improved to 13.1% in 2024, reflecting a stable financial position. However, the debt-to-equity ratio increased slightly, indicating higher leverage, which can pose risks if not managed properly. The return on equity (ROE) decreased, signaling potential efficiency issues in generating profit from equity.

Cash Flow

Operating cash flow decreased significantly from 2023 to 2024, impacting cash flow stability. The free cash flow to net income ratio remains positive, but the decrease in free cash flow growth signals potential challenges in cash generation. This volatility in cash flows could affect future financial flexibility.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
835.58M	796.67M	708.78M	623.62M	645.63M
	Gross Profit
835.58M	1.12B	708.78M	623.62M	645.63M
	EBIT
0.00	409.25M	335.21M	240.93M	184.41M
	EBITDA
0.00	356.39M	280.53M	283.01M	233.54M
	Net Income Common Stockholders
228.83M	255.86M	217.61M	205.16M	155.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.36B	191.46M	4.01B	4.64B	3.68B
	Total Assets
18.57B	17.53B	17.00B	16.33B	15.97B
	Total Debt
1.10B	1.28B	1.63B	654.83M	776.20M
	Net Debt
198.47M	275.91M	1.04B	219.99M	524.84M
	Total Liabilities
16.13B	15.26B	14.96B	14.07B	13.69B
	Stockholders Equity
2.44B	2.27B	2.04B	2.26B	2.28B
Cash Flow		Free Cash Flow
241.08M	462.83M	157.59M	375.13M	93.42M
	Operating Cash Flow
262.16M	486.97M	200.85M	390.46M	109.89M
	Investing Cash Flow
-1.00B	-701.26M	-883.11M	-512.33M	-1.20B
	Financing Cash Flow
699.08M	219.85M	669.73M	110.85M	1.13B

First Financial Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FFBC, the sentiment is Negative. The current price of 24.27 is below the 20-day moving average (MA) of 26.70, below the 50-day MA of 27.03, and below the 200-day MA of 25.41, indicating a bearish trend. The MACD of -0.69 indicates Positive momentum. The RSI at 24.08 is Positive, neither overbought nor oversold. The STOCH value of 7.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FFBC.

First Financial Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRME	75 Outperform	$2.32B	12.12	8.85%	3.36%	5.54%	-8.57%
ONB	74 Outperform	$6.42B	11.96	9.06%	2.78%	16.39%	-13.25%
MBIN	70 Outperform	$1.68B	6.14	16.25%	0.93%	23.69%	11.97%
FFBC	69 Neutral	$2.35B	10.61	9.72%	3.69%	9.95%	-11.02%
HBNC	65 Neutral	$668.84M	19.96	4.78%	4.18%	10.94%	26.35%
Sector *	64 Neutral	$13.80B	10.64	9.23%	4.22%	17.66%	-7.66%
FULT	62 Neutral	$3.18B	11.71	9.69%	3.95%	21.10%	-4.20%

First Financial Bancorp Corporate Events

First Financial Bancorp Highlights Strategic Position and Growth

First Financial Bancorp has released an investor presentation highlighting its strategic positioning and consistent profitability over 137 consecutive quarters. The company emphasizes its robust capital position with a 12.16% CET1 ratio and a diverse range of financial products aimed at both retail and commercial clients. The document also outlines the company’s future growth strategies amidst various economic and regulatory challenges, showcasing its commitment to maintaining high-quality asset management and exploring diverse revenue streams. The bank’s focus on sustainable business practices and prudent risk management enhances its ability to navigate economic fluctuations and regulatory changes.