First Financial Bancorp. ( (FFBC) ) has released its Q2 earnings. Here is a breakdown of the information First Financial Bancorp. presented to its investors.
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First Financial Bancorp, headquartered in Cincinnati, Ohio, is a bank holding company providing a range of banking and financial services through its subsidiary, First Financial Bank. The company operates in the commercial, retail banking, investment commercial real estate, mortgage banking, commercial finance, and wealth management sectors, with a notable presence in Ohio, Indiana, Kentucky, and Illinois.
In its latest earnings report, First Financial Bancorp announced a strong financial performance for the second quarter of 2025, achieving record quarterly revenue of $226.3 million. The company reported net income of $70 million, or $0.73 per diluted share, marking a significant increase from the previous quarter. Additionally, the board approved a quarterly dividend increase to $0.25 per share.
Key financial metrics highlighted in the report include a robust net interest margin of 4.05% on a fully tax-equivalent basis and a return on average assets of 1.52%. The company also reported a 2% annualized loan growth and a 3% increase in average deposits. Noninterest income saw a notable rise, driven by double-digit growth in mortgage and bankcard income, as well as strong leasing business income.
Looking ahead, First Financial Bancorp remains optimistic about its financial outlook for the remainder of 2025. The company anticipates continued loan growth and stable asset quality, supported by strong capital levels and a strategic acquisition of Westfield Bank in Northeast Ohio, expected to close within the year.