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Dec 31, 2021
First Financial Q4 2021 Earnings Report
Reported strong financial results driven by provision recapture, record Bannockburn income, and elevated wealth management revenues, along with the acquisition of Summit Funding Group.
Key Takeaways
First Financial Bancorp reported a net income of $46.9 million, or $0.50 per diluted common share, for the three months ended December 31, 2021. The results were driven by provision recapture of $7.7 million, record Bannockburn income, and elevated wealth management revenues. The company also closed the acquisition of Summit Funding Group during the quarter.
Earnings per diluted share of $0.50; $0.58 on an adjusted basis
Return on average assets of 1.16%; 1.34% on an adjusted basis
Closed acquisition of Summit Funding Group
Classified assets declined 36.7%; Provision recapture of $7.7 million
Forward Guidance
First Financial Bancorp will maintain its focus on being a positive influence that helps its clients and communities thrive, and capitalize on the financial momentum achieved in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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