Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
First Financial Bancorp. (FFBC)
NASDAQ:FFBC
RESEARCH TOOLSreports
Holding FFBC?
Track your performance easily
Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.65Last Year’s EPS
$0.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 8.27%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong financial performance, particularly in earnings and asset quality. However, there were challenges such as losses on securities and slower loan growth. Overall, the highlights, especially in terms of growth and earnings strength, outweighed the concerns.Company Guidance
During the FFBC Q3 2024 earnings call, the company provided guidance indicating a positive outlook for the fourth quarter and beyond. They expect mid-single-digit loan growth, driven by seasonal strength in their Summit business unit. The net interest margin is anticipated to decrease to between 3.85% and 3.95% due to expected rate cuts by the Federal Reserve. Credit costs are projected to remain stable, with net charge-offs anticipated to be approximately 25 to 30 basis points for the full year. Fee income is expected to range between $63 million and $65 million, supported by strong performance in foreign exchange and leasing business revenue. Noninterest expenses are forecasted to be between $126 million and $128 million. The company is optimistic about finishing the year strong and entering 2025 with continued momentum.Strong Earnings and Net Interest Margin
Adjusted earnings per share was $0.67, resulting in a return on assets of 1.42% and return on tangible common equity of 19.77%. The net interest margin was 4.08%, with only a 2 basis point decline from the second quarter.
Growth in Tangible Book Value
Tangible book value per share increased 10% from the linked quarter and over 30% from the same quarter last year to $14.26. Tangible common equity increased 75 basis points to 7.98% as of the end of September.
Increase in Average Deposit Balances
Average deposit balances grew 4.9% on an annualized basis with a favorable shift in funding mix.
Asset Quality Stability
Asset quality was stable with net charge-offs at 25 basis points on an annualized basis, and nonperforming assets increased 1 basis point to 36 basis points.
---
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
---
FFBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Jan 25, 2024 | $22.39 | $22.00 | -1.74% |
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.
---
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 2024 (Q4) is $0.65.
---