First Financial Q2 2020 Earnings Report
Key Takeaways
First Financial Bancorp announced second quarter financial results with a net income of $37.4 million, or $0.38 per diluted common share. The results were negatively impacted by pandemic-related events, but the company posted solid adjusted earnings per share of $0.40.
Earnings per diluted share of $0.38; $0.40 on an adjusted basis
Return on average assets of 0.96%; 1.00% as adjusted
Efficiency ratio of 57.5%; 56.1% as adjusted
Record core fee income driven by $16.7 million of mortgage banking income
First Financial
First Financial
First Financial Revenue by Segment
Forward Guidance
The broader economic environment remains uncertain and our clients continue to face serious challenges. We are committed to be a stabilizing presence in our communities and remain steadfast in our promise to manage the Company in a manner that prioritizes the physical and financial well-being of our associates and clients while delivering long-term value to our shareholders.