FFBC Earnings Prediction
The chart below shows how FFBC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FFBC sees a -4.49% change in stock price 10 days leading up to the earnings, and a +1.60% change 10 days following the report. On the earnings day itself, the stock moves by -0.19%. This data can give you a slight idea of what to expect for the next quarter's release.
FFBC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
205.50M
10.81%
13.37%
Gross Margin
--
--
--
Operating Margin
32.56%
-15.41%
-9.02%
Net Margin
31.57%
3.20%
9.09%
EPS
0.68
13.33%
23.64%
No Data Available
FFBC Earnings Analysis
First Financial Bancorp Corporation (FFBC.O) Earnings Conference Call
Positive
Earnings and Returns Analysis: Adjusted earnings per share for Q4 were $0.71, resulting in a return on assets of 1.7% and a return on tangible common equity ratio of 19.9%.
Deposit Growth Surge: Total deposits surged by approximately 16% on an annualized basis, with average deposit balances increasing by $543,000,000.
Non-Interest Income Surge: Non-interest income increased by more than 13% to a record $241,800,000, driven by growth in leasing and wealth management income.
Loan and Deposit Growth: Total loans increased by 7.6% to $11,800,000,000, while total deposits increased by 7.2% to $14,300,000,000 for the year.
Tangible Book Value Increase: Tangible book value per share increased from $12.38 to $14.15, representing a 14% increase.
Negative
Net Interest Margin Decline: Net interest margin declined by 14 basis points from the linked quarter to 3.94%, indicating a negative trend in profitability due to decreasing loan yields.
Classified Assets Increase: Classified assets increased by 7 basis points to 1.21% of total assets, primarily driven by a single foreign exchange trade, reflecting potential credit risk.
Credit Loss Increase: Net charge-offs for the quarter were 40 basis points on an annualized basis, indicating a slight increase in credit losses compared to previous periods.
Provision Expense Analysis: Provision expense for the quarter was $9.4 million, driven by loan growth and net charge-offs, suggesting increased pressure on the allowance for credit losses.
Loan Growth Projections: Expectations for loan growth in Q1 2025 are projected to be in the low single digits, a significant decline from previous quarters, indicating potential challenges in maintaining growth momentum.
FFBC FAQs
How does FFBC typically perform around its earnings report dates?
Is Earnings call transcript: First Financial Bancorp Q4 2024 beats EPS forecast positive or negative?
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FFBC Earning Call Sentiment
Earnings call transcript: First Financial Bancorp Q4 2024 beats EPS forecast
FFBC.O
-1.24%Positive
The earnings call highlights strong financial performance with increased EPS, ROA, and loan growth. Despite a decrease in net interest margin, the optimistic guidance, stable expenses, and strong shareholder returns are positive indicators. The Q&A indicates healthy loan pipelines and growth in new markets, though some uncertainty remains in M&A opportunities. Considering the market cap and the overall positive sentiment, a stock price increase of 2% to 8% is likely.
