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Dec 31, 2022
First Financial Q4 2022 Earnings Report
Reported net income of $69.1 million, or $0.73 per diluted common share, driven by increase in net interest income and record fee income.
Key Takeaways
First Financial Bancorp reported a strong fourth quarter with earnings per diluted share of $0.73 and a return on average assets of 1.63%. The company experienced loan growth of $501.5 million and a 49 bp increase in net interest margin. Record quarterly revenue was driven by an increase in net interest income and record fee income, with strong credit quality indicated by net recoveries and declining nonperforming assets.
Earnings per diluted share were $0.73.
Return on average assets was 1.63%.
Net interest margin on FTE basis increased 49 bp from linked quarter to 4.47%.
Loan growth was $501.5 million, or 20.3% on an annualized basis.