First Financial Bancorp. (NASDAQ:FFBC) Issues Earnings Results

Posted by Rob Hiaasen on Apr 26th, 2024

First Financial Bancorp. (NASDAQ:FFBC – Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59, Yahoo Finance reports. First Financial Bancorp. had a net margin of 22.94% and a return on equity of 12.16%. During the same quarter last year, the company posted $0.76 earnings per share.

First Financial Bancorp. Stock Down 0.8 %

Shares of FFBC opened at $22.36 on Friday. The company has a market cap of $2.13 billion, a PE ratio of 8.31 and a beta of 1.05. The business has a fifty day moving average of $21.75 and a 200 day moving average of $21.62. First Financial Bancorp. has a 52-week low of $17.23 and a 52-week high of $24.99. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

A number of research analysts recently weighed in on FFBC shares. Piper Sandler started coverage on shares of First Financial Bancorp. in a report on Friday, February 23rd. They issued an “overweight” rating and a $26.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 target price on shares of First Financial Bancorp. in a report on Tuesday, April 9th.

Read Our Latest Stock Report on First Financial Bancorp.

First Financial Bancorp. Company Profile

(Get Free Report)

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. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.