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First Financial Bancorp. (FFBC)
NASDAQ:FFBC
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 0.11%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in terms of revenue, loan and deposit growth, and asset quality improvements. However, challenges such as declining net interest margin and increasing classified assets were noted. Overall, the positive aspects of growth and performance seem to outweigh the negatives.Company Guidance
During the First Financial Bancorp fourth quarter 2024 earnings call, management provided forward-looking guidance for the first quarter of 2025. They anticipate loan growth to moderate to low single digits on an annualized basis, while deposit growth is expected to slightly decline due to seasonal reversals. The net interest margin is projected to be within the range of 3.85% to 3.9%, assuming no further rate cuts. Fee income is expected to be between $63 million and $65 million, driven by $11 million to $13 million from foreign exchange and $19 million to $21 million from leasing business revenue. Noninterest expenses are anticipated to stabilize between $128 million and $130 million. Asset quality is expected to improve, with lower credit costs and net charge-offs. The allowance for credit losses (ACL) coverage ratio is expected to remain stable or slightly increase. The company plans to maintain its current dividend level and continue evaluating strategic capital actions.Strong Fourth Quarter Performance
Adjusted earnings per share were $0.71, with a return on assets of 1.7% and return on tangible common equity of 19.9%.
Record Revenue and Growth
Record revenue of approximately $154 million, a 2% increase over 2023. Noninterest income increased by more than 13% to a record $241.8 million.
Loan and Deposit Growth
Loan growth exceeded 7% on an annualized basis, and total deposits surged by approximately 16% on an annualized basis.
Asset Quality and Tangible Book Value Improvement
Net charge-offs as a percentage of average loans declined by 3 basis points to 30 basis points. Tangible book value per share increased 14% from $12.38 to $14.15.
Strong Capital Position
Tangible common equity ratio increased by 56 basis points to 7.73%.
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FFBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FFBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $27.99 | $27.73 | -0.93% |
| Oct 24, 2024 | $25.22 | $24.18 | -4.12% |
| Jul 25, 2024 | $26.60 | $27.61 | +3.80% |
| Apr 25, 2024 | $21.75 | $21.96 | +0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Financial Bancorp. (FFBC) report earnings?
First Financial Bancorp. (FFBC) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is First Financial Bancorp. (FFBC) earnings time?
First Financial Bancorp. (FFBC) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FFBC EPS forecast?
FFBC EPS forecast for the fiscal quarter 2025 (Q1) is 0.62.
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