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Jun 30, 2024
First Financial Q2 2024 Earnings Report
Reported earnings per diluted share of $0.64 and record fee income of $61.5 million.
Key Takeaways
First Financial Bancorp reported a net income of $60.8 million, or $0.64 per diluted common share, for the three months ended June 30, 2024. The company experienced strong loan and average deposit growth, coupled with record noninterest income.
Earnings per diluted share were $0.64, or $0.65 on an adjusted basis.
Return on average assets was 1.38%, or 1.40% on an adjusted basis.
Net interest margin on FTE basis was 4.10%.
Record fee income reached $61.5 million.
First Financial
First Financial
First Financial Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comLeasing Business Revenue
CapyFin.comBankcard Income Revenue
CapyFin.comClient Derivative Fees Revenue
CapyFin.comForeign Exchange Income Revenue
CapyFin.comLoan Sales Gains Revenue
CapyFin.comDeposit Account Service Charges Revenue
CapyFin.com Forward Guidance
Based on the outlook for loan growth and credit quality, the company expects provision to decline to levels approximating the first quarter in the coming periods.
Revenue & Expenses
Visualization of income flow from segment revenue to net income