First Financial Q4 2021 Earnings Report
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
First Financial
First Financial
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.