First Financial Bancorp Reports Q1 2025 Results

First Financial Bancorp. ( (FFBC) ) has released its Q1 earnings. Here is a breakdown of the information First Financial Bancorp. presented to its investors.

First Financial Bancorp., a Cincinnati-based bank holding company, operates in the financial services sector, providing a range of banking and financial products through its subsidiary, First Financial Bank, across several states including Ohio, Indiana, Kentucky, and Illinois. The company is known for its diverse business units, including Commercial, Retail Banking, and Wealth Management, among others.

In its first quarter of 2025 financial results, First Financial Bancorp reported earnings per diluted share of $0.54, or $0.63 on an adjusted basis, reflecting a decrease from the previous quarter. The company maintained a strong net interest margin of 3.88% on a fully tax-equivalent basis, despite a slight decline. Additionally, the company was recognized with the Gallup Exceptional Workplace Award and received an ‘Outstanding’ CRA rating for its community engagement efforts.

Key financial metrics for the quarter included a net income of $51.3 million, a return on average assets of 1.13%, and a return on average tangible common equity of 15.16%. Noninterest income was reported at $51.1 million, with notable contributions from wealth management and leasing businesses. The company also managed to reduce noninterest expenses by 3.3% from the previous quarter, attributed to decreased incentive compensation and lower fraud losses.

Looking ahead, First Financial Bancorp remains optimistic about its future performance, with expectations of modest loan growth and a rebound in fee income in the upcoming quarters. The company continues to focus on expense management and improving asset quality, while maintaining robust capital ratios and liquidity.

Overall, First Financial Bancorp appears well-positioned to navigate the current economic environment, supported by strong capital levels, diverse revenue streams, and a commitment to community engagement.