First financial bancorp /oh/ (FFBC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Interest income
Loans, including fees

115,775

122,802

126,786

126,365

123,056

126,580

123,397

122,290

74,920

74,347

71,148

67,748

66,868

67,883

66,997

64,424

63,399

62,502

58,694

54,586

54,464

57,087

53,725

48,877

49,147

52,351

52,908

55,022

56,025

60,389

59,536

63,390

66,436

69,658

70,086

71,929

74,016

75,836

75,957

74,944

79,338

Investment securities
Taxable

19,005

20,137

22,180

23,616

24,235

22,761

21,801

20,844

13,670

13,212

13,150

12,598

11,608

10,698

10,326

10,706

11,373

10,702

9,986

9,281

9,608

9,905

10,227

10,355

10,437

9,209

8,267

8,295

8,376

8,410

8,358

10,379

10,517

6,945

7,411

7,080

6,803

5,522

5,386

5,444

5,396

Tax-exempt

4,582

4,545

4,457

4,336

4,258

3,896

3,807

4,068

1,657

1,571

1,537

1,457

1,353

1,134

1,083

1,156

1,162

1,192

1,163

1,139

1,117

1,060

894

796

810

719

541

560

580

370

111

121

134

201

176

192

198

214

240

245

235

Total interest on investment securities

23,587

24,682

26,637

27,952

28,493

26,657

25,608

24,912

15,327

14,783

14,687

14,055

12,961

11,832

11,409

11,862

12,535

11,894

11,149

10,420

10,725

10,965

11,121

11,151

11,247

9,928

8,808

8,855

8,956

8,780

8,469

10,500

10,651

7,146

7,587

7,272

7,001

5,736

5,626

5,689

5,631

Other earning assets

142

167

222

206

210

192

215

177

107

-592

-917

-1,014

-1,001

-1,068

-1,081

-1,103

-1,139

-1,164

-1,168

-1,162

-1,181

-1,299

-1,455

-1,301

-1,406

-2,432

-2,185

-1,556

-1,472

-1,564

-1,700

-1,967

-1,990

-1,819

-1,721

-1,384

-954

749

3,101

5,305

5,590

Total interest income

139,504

147,651

153,645

154,523

151,759

153,429

149,220

147,379

90,354

88,538

84,918

80,789

78,828

78,647

77,325

75,183

74,795

73,232

68,675

63,844

64,008

66,753

63,391

58,727

58,988

59,847

59,531

62,321

63,509

67,605

66,305

71,923

75,097

74,985

75,952

77,817

80,063

82,321

84,684

85,938

90,559

Interest expense
Deposits

16,365

19,026

20,151

20,612

19,243

17,198

14,672

14,794

10,298

9,243

10,335

8,679

6,925

6,026

5,600

5,457

5,530

5,172

4,861

4,621

4,820

5,013

4,218

3,606

3,316

3,247

2,856

3,284

3,860

4,798

5,730

6,381

7,716

8,791

9,823

10,767

11,400

12,923

14,457

15,308

15,648

Short-term borrowings

5,087

5,430

7,199

6,646

5,960

5,186

6,052

4,132

2,663

2,144

2,566

2,051

1,432

915

1,368

1,053

1,170

434

374

253

303

293

354

292

329

257

286

305

329

159

54

37

12

25

44

49

45

33

25

17

19

Long-term borrowings

3,770

4,293

4,760

4,963

5,041

5,086

5,011

4,474

1,581

1,537

1,538

1,539

1,539

1,540

1,539

1,541

1,540

1,543

281

296

299

308

456

525

524

539

617

654

654

672

675

675

680

693

867

937

1,089

1,194

2,034

2,556

2,557

Subordinated debentures and capital securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

197

194

265

322

319

315

Total interest expense

25,222

28,749

32,110

32,221

30,244

27,470

25,735

23,400

14,542

12,924

14,439

12,269

9,896

8,481

8,507

8,051

8,240

7,149

5,516

5,170

5,422

5,614

5,028

4,423

4,169

4,043

3,759

4,243

4,843

5,629

6,459

7,093

8,408

9,509

10,734

11,950

12,728

14,415

16,838

18,200

18,539

Net interest income

114,282

118,902

121,535

122,302

121,515

125,959

123,485

123,979

75,812

75,614

70,479

68,520

68,932

70,166

68,818

67,132

66,555

66,083

63,159

58,674

58,586

61,139

58,363

54,304

54,819

55,804

55,772

58,078

58,666

61,976

59,846

64,830

66,689

65,476

65,218

65,867

67,335

67,906

67,846

67,738

72,020

Provision for loan and lease losses

23,880

4,629

5,228

6,658

14,083

5,310

3,238

3,735

2,303

-205

2,953

467

367

2,761

1,687

4,037

1,655

1,864

2,647

3,070

2,060

2,052

893

-384

-1,033

2,046

1,413

2,409

3,041

34,785

3,613

8,364

3,258

5,164

7,643

5,756

647

9,741

6,287

6,158

11,378

Provision for credit losses

1,600

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses covered

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,293

-8,283

9,042

-

6,622

6,047

12,951

6,910

7,260

23,895

26,016

13,997

20,725

18,962

9,460

Net interest income after provision for loan and lease losses

88,834

114,279

116,307

115,644

107,426

120,649

120,247

120,244

73,509

75,819

67,526

68,053

68,565

67,405

67,131

63,095

64,900

64,219

60,512

55,604

56,526

59,087

57,470

54,688

55,852

59,810

49,066

63,952

46,583

52,811

49,611

50,419

50,480

53,402

50,315

36,216

40,672

44,168

40,834

42,618

51,182

Noninterest income
Service Charges on Deposit Accounts

8,435

9,343

9,874

9,819

8,903

10,185

10,316

9,568

5,039

5,190

5,169

4,772

4,644

5,041

5,056

4,455

4,381

4,755

4,934

4,803

4,523

5,102

5,263

5,137

4,772

5,226

5,447

5,205

4,717

5,431

5,499

5,376

4,909

4,920

4,793

4,883

4,610

5,090

5,632

5,855

5,611

Trust and wealth management fees

4,469

3,913

3,718

3,943

4,070

3,703

3,728

3,697

3,954

3,597

3,324

3,405

3,747

3,241

3,236

3,283

3,440

3,086

3,134

3,274

3,634

3,376

3,207

3,305

3,746

3,506

3,366

3,497

3,950

3,409

3,374

3,377

3,791

3,531

3,377

3,507

3,925

3,283

3,366

3,668

3,545

Bankcard income

2,698

3,405

3,316

6,497

5,586

6,247

5,261

5,343

3,394

3,390

3,272

3,501

3,135

3,136

2,984

3,130

2,882

3,077

2,909

2,972

2,620

2,639

2,859

2,809

2,433

2,699

2,637

3,145

2,433

2,526

2,387

2,579

2,536

2,490

2,318

2,328

2,155

2,255

2,193

2,102

1,968

Client derivative fees

3,105

4,194

4,859

4,905

1,704

1,433

3,029

1,463

1,757

2,047

1,779

1,489

1,103

466

1,210

1,799

1,095

945

1,604

878

962

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange income

9,966

-

1,708

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain from sales of loans

2,831

4,723

4,806

3,432

1,890

1,428

1,739

2,316

588

1,171

1,455

1,327

1,216

1,711

2,066

1,846

1,181

1,325

1,758

1,924

1,464

1,571

1,660

737

396

604

751

1,089

706

1,179

1,319

1,132

940

1,172

1,243

854

989

1,241

2,749

473

169

Net gain (loss) on sales/transfers of investment securities

-59

-296

105

-37

-178

36

-167

-30

0

19

276

838

516

0

398

-188

24

2

409

1,094

0

20

0

0

50

0

0

188

1,536

1,011

2,617

0

0

-

-

-

-

-

-

-

-

FDIC loss sharing income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-973

-304

-1,046

-43

-192

1,108

-508

-3,385

5,555

-7,384

8,934

5,754

8,496

8,280

12,816

7,433

8,377

21,643

23,435

11,306

17,800

15,170

7,568

Accelerated discount on covered/formerly covered loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,820

4,094

2,092

1,759

789

621

1,015

1,572

1,711

1,935

1,935

2,455

3,798

3,764

3,645

4,775

5,207

4,756

5,783

6,113

9,448

7,408

6,098

Loss on preferred securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-30

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Other

3,939

5,455

4,754

6,079

4,852

6,472

4,778

5,899

2,206

2,968

7,667

2,122

3,003

3,351

1,999

5,869

2,509

10,312

2,760

2,680

3,364

999

2,925

2,620

2,271

784

2,824

3,940

2,487

4,356

3,340

9,037

3,288

2,778

2,800

3,147

2,761

5,246

3,707

5,791

2,006

Total noninterest income

35,384

36,768

33,140

34,638

26,827

29,504

28,684

28,256

16,938

18,382

22,942

17,454

17,364

16,946

16,949

20,194

15,512

15,819

20,355

21,415

17,613

16,942

16,511

16,337

14,175

13,043

22,291

11,615

26,698

26,121

30,830

33,545

31,925

29,640

28,115

41,118

43,658

34,534

44,895

40,467

26,935

Noninterest expenses
Salaries and employee benefits

54,822

53,952

53,212

53,985

47,912

51,505

50,852

55,531

31,102

40,119

33,827

31,544

31,750

37,315

32,093

29,526

29,615

29,632

27,768

27,451

26,941

28,140

28,686

25,615

25,261

24,023

23,834

26,216

27,329

28,033

27,212

29,048

28,861

26,447

27,774

25,123

27,570

28,819

28,790

29,513

30,241

Pension settlement charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,396

-4,316

-

-

0

0

-

-

-

-

-

-

-

-

-

Net occupancy

6,104

6,334

5,509

5,596

6,630

6,322

6,765

6,631

4,497

4,252

4,328

4,302

4,515

4,338

4,543

4,491

4,957

4,337

4,510

4,380

5,005

4,806

4,577

4,505

5,299

4,557

5,101

5,384

6,165

5,122

5,153

5,025

5,382

5,893

4,164

4,493

6,860

4,430

4,663

5,340

8,122

Furniture and equipment

4,053

4,145

4,120

4,222

3,416

3,498

4,072

5,298

2,040

1,969

2,161

2,136

2,177

2,181

2,139

2,130

2,213

2,185

2,165

2,219

2,153

2,229

2,265

1,983

2,077

2,136

2,213

2,250

2,371

2,291

2,332

2,323

2,244

2,425

2,386

2,581

2,553

3,022

2,490

2,514

2,273

Data processing

6,389

5,996

5,774

4,984

5,127

5,599

4,502

14,304

3,672

3,768

3,455

3,501

3,298

3,095

2,828

2,765

2,718

2,843

2,591

2,657

2,772

2,942

4,393

2,770

2,858

2,617

2,584

2,559

2,469

2,526

2,334

2,076

1,901

1,559

1,466

1,453

1,238

1,593

1,191

1,136

1,232

Marketing

1,220

1,980

1,346

1,976

1,606

1,651

2,502

2,644

801

1,060

649

982

510

1,458

641

801

1,065

1,052

810

973

888

1,048

939

830

786

999

1,192

1,182

897

1,566

1,592

1,238

1,154

1,567

1,584

1,402

1,241

1,453

1,230

1,600

1,074

Communication

890

882

910

747

728

805

785

1,118

459

474

430

468

447

404

527

477

481

502

531

558

570

551

541

562

623

728

865

781

833

814

788

913

894

864

772

753

814

892

986

822

1,208

Professional services

2,275

2,192

4,771

2,039

2,252

1,794

2,621

5,659

2,198

9,766

2,030

1,469

1,758

1,731

1,460

1,299

1,813

1,833

4,092

1,727

1,970

1,429

1,568

1,449

1,724

1,781

1,528

1,764

1,803

1,667

1,304

2,151

2,147

2,252

2,062

3,095

2,227

2,863

2,117

2,446

1,743

Debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,029

-

-

State intangible tax

1,516

1,767

1,445

1,307

1,310

1,086

1,223

1,078

765

492

721

721

721

117

639

639

639

598

579

577

577

175

648

644

644

901

1,010

1,004

1,014

942

961

970

1,026

436

546

1,236

1,365

1,362

724

1,426

1,331

FDIC assessments

1,405

1,055

-1,097

1,065

950

1,018

734

1,323

894

943

1,051

1,018

932

1,001

1,048

1,112

1,132

1,139

1,103

1,114

1,090

1,128

1,126

1,074

1,134

1,121

1,107

1,148

1,125

1,085

1,164

1,270

1,163

1,192

1,211

1,152

2,121

2,272

2,123

1,907

2,010

Intangible assets amortization

2,800

3,179

2,432

2,044

2,045

2,200

2,500

2,400

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

-

-

-

-

-

-

-

-

-

-

-237

-162

-24

953

112

-43

190

-772

-196

-419

-474

-289

589

-711

-451

871

-184

-216

-502

-3,015

-1,372

-313

-996

-773

287

-163

-3,322

-

152

-138

-

Loss (gain) - covered other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-204

2,212

157

-

25

-1,233

-1,292

-784

-2,707

-2,621

-3,112

-

-696

-70

-

Loss sharing expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

574

576

301

650

1,002

1,465

1,569

1,495

1,724

1,578

2,286

2,305

3,584

3,085

1,751

-

1,048

755

-

-

-

-

-

Other

8,200

11,617

7,804

6,413

6,517

7,845

8,873

6,805

5,580

19,180

5,554

5,253

4,913

-524

5,299

6,130

6,277

7,842

8,073

6,135

5,327

6,275

6,263

5,503

5,416

5,754

5,859

7,097

6,469

6,608

7,515

7,814

6,967

8,679

7,709

7,670

5,367

7,642

8,423

8,907

11,027

Total noninterest expenses

89,666

93,070

86,226

84,378

78,493

83,352

85,415

102,755

52,288

82,898

54,443

51,556

51,045

50,163

51,105

49,413

50,720

51,284

52,992

48,786

48,068

49,662

51,419

47,111

47,842

70,285

48,801

53,283

53,106

53,474

55,286

57,459

55,778

54,668

53,142

52,497

57,790

56,290

61,310

55,819

60,261

Income before income taxes

34,552

57,977

63,221

65,904

55,760

66,801

63,516

45,745

38,159

11,303

36,025

33,951

34,884

34,188

32,975

33,876

29,692

28,754

27,875

28,233

26,071

26,367

22,562

23,914

22,185

2,568

22,556

22,284

20,175

25,458

25,155

26,505

26,627

28,374

25,288

24,837

26,540

22,412

24,419

27,266

17,856

Income tax expense

5,900

9,287

12,400

13,200

9,900

11,726

12,900

9,300

7,700

-13,508

11,199

11,215

10,470

10,894

10,125

11,308

9,878

8,934

9,202

9,284

8,450

7,768

7,218

7,961

7,081

-1,217

7,645

6,455

6,351

9,193

8,913

8,703

9,633

10,433

9,670

8,864

9,333

8,112

8,840

9,492

6,258

Net Income (Loss) Attributable to Parent

28,628

48,677

50,856

52,703

45,839

55,014

50,657

36,418

30,506

24,811

24,826

22,736

24,414

23,294

22,850

22,568

19,814

19,820

18,673

18,949

17,621

18,599

15,344

15,953

15,104

3,785

14,911

15,829

13,824

16,265

16,242

17,802

16,994

17,941

15,618

15,973

17,207

14,300

15,579

17,774

11,598

Earnings Per Share [Abstract]
Dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,865

Income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,300

15,579

17,774

9,733

Basic

0.29

0.48

0.52

0.54

0.47

0.57

0.52

0.37

0.49

0.40

0.40

0.37

0.40

0.39

0.37

0.37

0.32

0.32

0.31

0.31

0.29

0.31

0.26

0.28

0.26

0.06

0.26

0.28

0.24

0.28

0.28

0.31

0.29

0.31

0.27

0.28

0.30

0.25

0.27

0.31

0.18

Diluted

0.29

0.49

0.51

0.53

0.47

0.56

0.51

0.37

0.49

0.40

0.40

0.37

0.39

0.38

0.37

0.36

0.32

0.31

0.30

0.31

0.29

0.29

0.26

0.28

0.26

0.06

0.26

0.27

0.24

0.27

0.28

0.30

0.29

0.31

0.27

0.27

0.29

0.25

0.27

0.30

0.17

Cash dividends declared per share

0.23

-

0.23

0.22

0.22

-

0.20

0.19

0.19

-

0.17

0.17

0.17

-

0.16

0.16

0.16

-

0.16

0.16

0.16

-

0.15

0.15

0.15

-

0.27

0.24

0.28

-

0.30

0.29

0.31

-

0.27

0.12

0.12

-

0.10

0.10

0.10

Weighted Average Number of Shares Outstanding, Basic

97,736

98,695

98,517

98,083

97,926

97,914

97,411

97,347

61,654

61,598

61,577

61,543

61,398

61,313

61,280

61,194

61,036

60,985

61,135

61,115

61,013

60,955

59,403

57,201

57,091

57,148

57,201

57,291

57,439

57,801

57,976

57,933

57,795

57,745

57,735

57,694

57,591

57,605

57,570

57,539

55,161

Weighted Average Number of Shares Outstanding, Diluted

98,356

99,243

99,077

98,648

98,436

99,359

98,484

98,432

62,180

62,122

62,189

62,234

62,140

61,988

62,086

62,027

61,840

61,755

61,987

61,915

61,731

61,677

60,112

57,951

57,828

57,867

58,012

58,128

58,283

58,695

58,940

58,958

58,881

58,675

58,654

58,734

58,709

58,722

58,531

58,604

56,114