First Financial Bancorp. (FFBC) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Should l Buy FFBC?
Source: SeekingAlpha
Adjusted Net Income $72.6 million, adjusted earnings per share were $0.76, representing an adjusted return on assets of 1.55% and an adjusted return on tangible common equity of 19.3%. This was driven by record revenue, robust net interest margin, and record noninterest income.
Net Interest Margin 4.02%, decreased 3 basis points from the linked quarter. Asset yields declined slightly while deposit costs increased modestly.
Loan Balances Decreased $72 million during the quarter due to lower production in specialty lending areas and slower funding construction originations.
Average Deposit Balances Increased $157 million, driven by higher broker deposits and money markets, offset by a seasonal decline in public funds.
Noninterest Income $73.6 million, the highest quarter in the company's history, driven by leasing, foreign exchange businesses, higher syndication fees, and income on other investments.
Noninterest Expenses Increased $5.7 million due to higher incentive compensation tied to fee income and strong company performance.
Allowance for Credit Losses (ACL) 1.38% of total loans, increased 4 basis points from the second quarter. Provision expense was $9.1 million, driven by net charge-offs.
Net Charge-Offs 18 basis points on an annualized basis, a slight improvement from the linked quarter.
Tangible Book Value Per Share $16.19, increased 5% from the linked quarter and 14% year-over-year.
Tangible Common Equity Ratio 8.87%, increased 47 basis points from June 30.
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Analyst Views on FFBC
Wall Street analysts forecast FFBC stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 29.670
Low
28.00
Averages
29.00
High
31.00
Current: 29.670
Low
28.00
Averages
29.00
High
31.00
About FFBC
First Financial Bancorp. is a bank holding company. It engages in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank (the Bank). The Bank provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services. In addition, it offers deposit products that include interest-bearing and noninterest-bearing accounts, time deposits and cash management services for commercial customers. Its full-service banking centers are located in Ohio, Indiana, Kentucky and Illinois, while the commercial finance business lends to targeted industry verticals on a nationwide basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Valuation Analysis of First Financial Bancorp Stock
- Stock Performance Review: First Financial Bancorp achieved a 31.9% return over the past year, although this performance lags behind peers, indicating shifts in market attention and perceived risks associated with the stock.
- Valuation Model Analysis: The Excess Returns model estimates the intrinsic value at approximately $62.27 per share, while the current stock price is $28.08, suggesting a 54.9% undervaluation, presenting a potential investment opportunity for investors.
- P/E Ratio Comparison: With a P/E ratio of 10.86x, First Financial Bancorp trades below the peer average of 16.74x, reflecting market caution regarding its future earnings potential and indicating a relative discount compared to peers.
- Investor Sentiment Shift: Increased focus on regional banks has made discussions around First Financial Bancorp's financial health and loan growth pivotal in shaping market sentiment, influencing how investors perceive the stock.
See More
First Financial Bancorp Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: First Financial Bancorp expects to release its Q1 2026 financial results after market close on April 23, 2026, demonstrating the company's commitment to transparency and investor communication.
- Teleconference Details: A teleconference and webcast will be held on April 24, 2026, at 8:30 a.m. Eastern time to discuss the financial results in depth, enhancing engagement with investors.
- Asset Overview: As of December 31, 2025, First Financial Bancorp reported total assets of $21.1 billion, with loans totaling $13.4 billion and deposits of $16.4 billion, indicating a solid financial foundation and market position.
- Recognition as Exceptional Workplace: The company received the Gallup Exceptional Workplace Award in both 2025 and 2026, reflecting its ongoing efforts in employee satisfaction and corporate culture, thereby enhancing its brand image and competitive edge in the market.
See More
First Financial Bancorp Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: First Financial Bancorp expects to release its Q1 2026 financial results after market close on April 23, 2026, indicating the company's commitment to transparency and investor communication.
- Teleconference Details: A teleconference and webcast will be held on April 24, 2026, at 8:30 a.m. Eastern time to discuss the financial results, enhancing engagement with investors.
- Financial Overview: As of December 31, 2025, First Financial Bancorp reported total assets of $21.1 billion, loans of $13.4 billion, and deposits of $16.4 billion, showcasing its solid financial foundation and market position.
- Business Diversification: The company offers a comprehensive range of banking and financial services through six business lines, including Commercial, Retail Banking, and Wealth Management, reflecting its strategic focus on diversified services and market coverage.
See More
Iran and the Federal Reserve Remain Concerns: These Stocks May Alleviate Investor Anxiety.
- Impact of War on Monetary Policy: Federal Reserve rate cuts are being influenced by the ongoing war with Iran, leading to rising oil prices.
- Investment Strategy: Investors are advised to seek stocks that can perform well even if the Federal Reserve maintains current interest rates.
See More
7 Stocks, Including Airbnb, to Consider Buying That Can Succeed Even if Interest Rates Remain High
Impact of War on Monetary Policy: The ongoing conflict with Iran has influenced the Federal Reserve's decision-making, leading to a halt in rate cuts.
Rising Oil Prices: The war has contributed to an increase in oil prices, affecting economic conditions and investor sentiment.
Investment Strategy: Investors are advised to seek stocks that can perform well even in a stable interest rate environment.
Market Outlook: The current economic climate suggests a need for strategic investment choices amidst geopolitical tensions and fluctuating oil prices.
See More
First Financial Bank Wins Gallup Award Again
- Consecutive Recognition: First Financial Bank has been awarded the Gallup Exceptional Workplace Award for the second consecutive year, with only 4% of Gallup's clients receiving this honor, highlighting its excellence in employee development and engagement.
- Employee Engagement Culture: The bank emphasizes employee involvement at every stage of the employee life cycle, enhancing job satisfaction and enthusiasm, which in turn drives exceptional customer service performance.
- Strong Asset Base: As of December 31, 2025, First Financial Bank reported assets of $21.1 billion, loans of $13.4 billion, deposits of $16.4 billion, and shareholders' equity of $2.8 billion, demonstrating its robust financial foundation and market position.
- Community Contribution Recognition: In 2025, First Financial Bank received an
See More
Valuation Analysis of First Financial Bancorp Stock
- Stock Performance Review: First Financial Bancorp achieved a 31.9% return over the past year, although this performance lags behind peers, indicating shifts in market attention and perceived risks associated with the stock.
- Valuation Model Analysis: The Excess Returns model estimates the intrinsic value at approximately $62.27 per share, while the current stock price is $28.08, suggesting a 54.9% undervaluation, presenting a potential investment opportunity for investors.
- P/E Ratio Comparison: With a P/E ratio of 10.86x, First Financial Bancorp trades below the peer average of 16.74x, reflecting market caution regarding its future earnings potential and indicating a relative discount compared to peers.
- Investor Sentiment Shift: Increased focus on regional banks has made discussions around First Financial Bancorp's financial health and loan growth pivotal in shaping market sentiment, influencing how investors perceive the stock.
See More
First Financial Bancorp Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: First Financial Bancorp expects to release its Q1 2026 financial results after market close on April 23, 2026, demonstrating the company's commitment to transparency and investor communication.
- Teleconference Details: A teleconference and webcast will be held on April 24, 2026, at 8:30 a.m. Eastern time to discuss the financial results in depth, enhancing engagement with investors.
- Asset Overview: As of December 31, 2025, First Financial Bancorp reported total assets of $21.1 billion, with loans totaling $13.4 billion and deposits of $16.4 billion, indicating a solid financial foundation and market position.
- Recognition as Exceptional Workplace: The company received the Gallup Exceptional Workplace Award in both 2025 and 2026, reflecting its ongoing efforts in employee satisfaction and corporate culture, thereby enhancing its brand image and competitive edge in the market.
See More
First Financial Bancorp Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: First Financial Bancorp expects to release its Q1 2026 financial results after market close on April 23, 2026, indicating the company's commitment to transparency and investor communication.
- Teleconference Details: A teleconference and webcast will be held on April 24, 2026, at 8:30 a.m. Eastern time to discuss the financial results, enhancing engagement with investors.
- Financial Overview: As of December 31, 2025, First Financial Bancorp reported total assets of $21.1 billion, loans of $13.4 billion, and deposits of $16.4 billion, showcasing its solid financial foundation and market position.
- Business Diversification: The company offers a comprehensive range of banking and financial services through six business lines, including Commercial, Retail Banking, and Wealth Management, reflecting its strategic focus on diversified services and market coverage.
See More
Iran and the Federal Reserve Remain Concerns: These Stocks May Alleviate Investor Anxiety.
- Impact of War on Monetary Policy: Federal Reserve rate cuts are being influenced by the ongoing war with Iran, leading to rising oil prices.
- Investment Strategy: Investors are advised to seek stocks that can perform well even if the Federal Reserve maintains current interest rates.
See More
7 Stocks, Including Airbnb, to Consider Buying That Can Succeed Even if Interest Rates Remain High
Impact of War on Monetary Policy: The ongoing conflict with Iran has influenced the Federal Reserve's decision-making, leading to a halt in rate cuts.
Rising Oil Prices: The war has contributed to an increase in oil prices, affecting economic conditions and investor sentiment.
Investment Strategy: Investors are advised to seek stocks that can perform well even in a stable interest rate environment.
Market Outlook: The current economic climate suggests a need for strategic investment choices amidst geopolitical tensions and fluctuating oil prices.
See More
First Financial Bank Wins Gallup Award Again
- Consecutive Recognition: First Financial Bank has been awarded the Gallup Exceptional Workplace Award for the second consecutive year, with only 4% of Gallup's clients receiving this honor, highlighting its excellence in employee development and engagement.
- Employee Engagement Culture: The bank emphasizes employee involvement at every stage of the employee life cycle, enhancing job satisfaction and enthusiasm, which in turn drives exceptional customer service performance.
- Strong Asset Base: As of December 31, 2025, First Financial Bank reported assets of $21.1 billion, loans of $13.4 billion, deposits of $16.4 billion, and shareholders' equity of $2.8 billion, demonstrating its robust financial foundation and market position.
- Community Contribution Recognition: In 2025, First Financial Bank received an
See More
