First Financial Bancorp reports Q1 adjusted EPS 59c, consensus 59c

Net interest margin on FTE basis of 4.10%. Archie Brown, President and CEO, commented on the quarter, “I am pleased with our first quarter results and encouraged by our trends, several of which were bolstered by actions we took during the quarter. These actions included a repositioning of a portion of the investment portfolio, a workforce efficiency initiative, and the acquisition of Agile Premium Finance. We also commenced the restructuring of a portion of our bank owned life insurance portfolio, which is expected to increase income in the back half of the year.”