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Jun 30, 2020
First Financial Q2 2020 Earnings Report
First Financial reported earnings of $0.38 per diluted share.
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
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.