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Dec 31, 2020
First Financial Q4 2020 Earnings Report
Announced financial results for the fourth quarter, marked by adjusted earnings per share of $0.51 and a return on average assets of 1.23%.
Key Takeaways
First Financial Bancorp reported a net income of $48.3 million, or $0.49 per diluted common share, for the three months ended December 31, 2020. The company's performance was driven by strong noninterest income from foreign exchange fees and mortgage production, as well as an increase in net interest margin.
Earnings per diluted share were $0.49, or $0.51 on an adjusted basis.
Return on average assets was 1.20%, or 1.23% as adjusted.
Net interest margin FTE was 3.49%, a 13 basis point increase from the linked quarter.
Strong noninterest income was driven by foreign exchange fees and mortgage production.
First Financial
First Financial
Forward Guidance
I am unable to provide forward guidance as it is not present in the document.