FFBC

MKT CAP:$3B

First Financial Bancorp.

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$29.34+$4.25 (+16.96%)

Apr 22, 2026

Company Details

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 accepts various...

CEO

Archie Brown Jr.

IPO Date

Dec 21, 1983

Website

www.bankatfirst.com

Key Metrics TTM

Revenue

$1.3B

+2.7% YoY

Net Income

$256M

EPS (Diluted)

$2.66

Free Cash Flow

$330M

Revenue / Share

$13.15

Gross Margin

68.4%

Operating Margin

25.5%

Net Margin

20.3%

FCF Margin

26.2%

P/S

2.5x

P/E

12.5x

Earnings Reports

FY 2025

Feb 19, 2026

$1.3B+2.7%EPS $2.66

Q4 2025

Feb 19, 2026

$330M+2.7%EPS $0.64

Q3 2025

Nov 4, 2025

$324M+6.9%EPS $0.75

Q2 2025

Aug 7, 2025

$314M-0.1%EPS $0.73

Q1 2025

May 9, 2025

$292M+1.5%EPS $0.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$155M	$153M	$51M
Q2 22	$176M	$168M	$65M
Q3 22	$198M	$172M	$47M
Q4 22	$246M	$204M	$79M
Q1 23	$264M	$204M	$88M
Q2 23	$277M	$202M	$81M
Q3 23	$289M	$200M	$78M
Q4 23	$285M	$191M	$71M
Q1 24	$287M	$184M	$62M
Q2 24	$314M	$198M	$75M
Q3 24	$303M	$191M	$65M
Q4 24	$321M	$215M	$67M
Q1 25	$292M	$192M	$64M
Q2 25	$314M	$217M	$88M
Q3 25	$324M	$225M	$91M
Q4 25	$330M	$229M	$79M

Valuation

Quarter	P/S	P/E
Q1 22	4.9x	16.1x
Q2 22	4.9x	16.0x
Q3 22	4.6x	16.4x
Q4 22	4.1x	14.7x
Q1 23	3.6x	13.0x
Q2 23	3.2x	12.3x
Q3 23	3.0x	11.9x
Q4 23	2.9x	12.5x
Q1 24	2.8x	13.5x
Q2 24	2.7x	13.8x
Q3 24	2.7x	14.5x
Q4 24	2.6x	14.0x
Q1 25	2.6x	13.9x
Q2 25	2.6x	13.4x
Q3 25	2.6x	12.4x
Q4 25	2.5x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$144M	$141M
Q2 22	$122M	$118M
Q3 22	-$92M	-$94M
Q4 22	$27M	$16M
Q1 23	$172M	$168M
Q2 23	$107M	$99M
Q3 23	$92M	$86M
Q4 23	$116M	$49M
Q1 24	$32M	$25M
Q2 24	$68M	$65M
Q3 24	$88M	$84M
Q4 24	$74M	$67M
Q1 25	$56M	$52M
Q2 25	$70M	$65M
Q3 25	$90M	$99M
Q4 25	$122M	$114M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$4M
Q3 22	$3M
Q4 22	$11M
Q1 23	$4M
Q2 23	$8M
Q3 23	$6M
Q4 23	$67M
Q1 24	$7M
Q2 24	$3M
Q3 24	$4M
Q4 24	$7M
Q1 25	$4M
Q2 25	$5M
Q3 25	$9M
Q4 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-4.8%	-0.7%
Q2 22	+6.7%	+7.8%
Q3 22	+21.0%	+56.3%
Q4 22	+50.4%	+52.8%
Q1 23	+70.3%	+68.9%
Q2 23	+57.5%	+76.0%
Q3 23	+46.1%	+39.7%
Q4 23	+16.1%	+28.6%
Q1 24	+8.7%	+27.8%
Q2 24	+13.4%	+22.2%
Q3 24	+4.9%	+13.1%
Q4 24	+12.6%	+18.9%
Q1 25	+1.5%	+1.1%
Q2 25	-0.1%	-5.6%
Q3 25	+6.9%	-2.0%
Q4 25	+2.7%	-1.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	2.3%
Q2 22	$2M	1.3%
Q3 22	$3M	1.5%
Q4 22	$5M	1.9%
Q1 23	$5M	1.7%
Q2 23	$4M	1.5%
Q3 23	$5M	1.6%
Q4 23	$2M	0.5%
Q1 24	$6M	2.0%
Q2 24	$3M	1.0%
Q3 24	$3M	1.1%
Q4 24	$3M	1.0%
Q1 25	$6M	1.9%
Q2 25	$3M	0.9%
Q3 25	$4M	1.2%
Q4 25	$3M	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$69M	$2M
Q2 22	$71M	$2M
Q3 22	$74M	$3M
Q4 22	$55M	$2M
Q1 23	$83M	$2M
Q2 23	$84M	$3M
Q3 23	$87M	$3M
Q4 23	$83M	$2M
Q1 24	$87M	$2M
Q2 24	$88M	$3M
Q3 24	$90M	$2M
Q4 24	$96M	$2M
Q1 25	$91M	$2M
Q2 25	$91M	$3M
Q3 25	$97M	$2M
Q4 25	$85M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$488M	$3.8B	$4.3B
Q3 22	$535M	$3.5B	$4.1B
Q4 22	$596M	$3.4B	$4.0B
Q1 23	$505M	$3.4B	$3.9B
Q2 23	$703M	$3.2B	$4.0B
Q3 23	$673M	$3.0B	$3.7B
Q4 23	$1.0B	$3.0B	$4.0B
Q1 24	$951M	$2.9B	$3.8B
Q2 24	$932M	$3.0B	$4.0B
Q3 24	$851M	$3.2B	$4.0B
Q4 24	$904M	$2.5B	$3.4B
Q1 25	$824M	$2.6B	$3.4B
Q2 25	$780M	$2.7B	$3.5B
Q3 25	$740M	$3.4B	$4.2B
Q4 25	$179M	$4.0B	$4.2B
Q1 26	$171M	$5.0B	$5.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	94M	+0.5%	-3.5%
Q2 22	94M	+0.2%	-2.6%
Q3 22	95M	+0.4%	-0.4%
Q4 22	95M	+0.0%	+1.1%
Q1 23	95M	+0.1%	+0.7%
Q2 23	95M	+0.2%	+0.8%
Q3 23	95M	-0.0%	+0.4%
Q4 23	95M	0.0%	+0.3%
Q1 24	95M	+0.1%	+0.2%
Q2 24	95M	+0.3%	+0.3%
Q3 24	95M	+0.0%	+0.4%
Q4 24	95M	+0.0%	+0.4%
Q1 25	96M	+0.0%	+0.4%
Q2 25	96M	+0.2%	+0.3%
Q3 25	96M	+0.0%	+0.3%
Q4 25	96M	0.0%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$77.2K	2K
Q2 22	$87.5K	2K
Q3 22	$98.3K	2K
Q4 22	$116.7K	2K
Q1 23	$125.3K	2K
Q2 23	$131.5K	2K
Q3 23	$137.0K	2K
Q4 23	$131.8K	2K
Q1 24	$132.7K	2K
Q2 24	$145.1K	2K
Q3 24	$139.9K	2K
Q4 24	$153.8K	2K
Q1 25	$139.5K	2K
Q2 25	$150.2K	2K
Q3 25	$154.9K	2K
Q4 25	$150.1K	2K

Revenue / Employee