First Financial Bancorp to Acquire Westfield Bancorp

First Financial Bancorp ( (FFBC) ) has provided an announcement.

On June 23, 2025, First Financial Bancorp announced a definitive agreement to acquire Westfield Bancorp from Ohio Farmers Insurance Company for $325 million, comprising cash and stock. This acquisition will expand First Financial’s presence in Northeast Ohio, adding Westfield Bank’s retail locations and services, and is expected to close in the fourth quarter of 2025. The acquisition aligns with First Financial’s strategic growth in the Midwest and enhances its commercial banking capabilities, benefiting clients and employees of both institutions. The transaction is anticipated to be 12% accretive to First Financial’s earnings.

The most recent analyst rating on (FFBC) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on First Financial Bancorp stock, see the FFBC Stock Forecast page.

Spark’s Take on FFBC Stock

According to Spark, TipRanks’ AI Analyst, FFBC is a Outperform.

First Financial Bancorp has a strong financial foundation with consistent revenue growth and profitability, a solid valuation, and positive earnings call highlights. However, technical indicators suggest a bearish trend, which tempers the overall score.

To see Spark’s full report on FFBC stock, click here.

More about First Financial Bancorp

First Financial Bancorp is a Cincinnati, Ohio-based bank holding company with $18.5 billion in assets as of March 31, 2025. It operates through its subsidiary, First Financial Bank, providing commercial banking, consumer banking, consumer lending, commercial finance, and wealth management services. The company has 127 full-service banking centers across Ohio, Indiana, Kentucky, and Illinois, and its wealth management division, Yellow Cardinal Advisory Group, manages $5.3 billion in assets.

Average Trading Volume: 403,933

Technical Sentiment Signal: Hold

Current Market Cap: $2.22B

See more insights into FFBC stock on TipRanks’ Stock Analysis page.