Stocks FFBC Financial statements
Financial statementsFIRST FINANCIAL BANCORP /OH/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FIRST FINANCIAL BANCORP /OH/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest expense | 33.3 | 49.5 | 91.1 | 123 | 68.5 | 31.1 | 65.9 | 275 | ||
| Pre-tax income | 131 | 116 | 214 | 243 | 184 | 241 | 242 | 319 | 268 | 321 |
| Income tax | 42.2 | 19.4 | 41.6 | 44.8 | 28.6 | 35.8 | 24.1 | 62.7 | 39.5 | 65.7 |
| Net income | 88.5 | 96.8 | 173 | 198 | 156 | 205 | 218 | 256 | 229 | 256 |
| EPS, basic | 1.45 | 1.57 | 1.95 | 2.01 | 1.60 | 2.16 | 2.33 | 2.72 | 2.42 | 2.68 |
| EPS, diluted | 1.43 | 1.56 | 1.93 | 2.00 | 1.59 | 2.14 | 2.30 | 2.69 | 2.40 | 2.66 |
| Shares, basic (weighted) | 61.2 | 61.5 | 88.6 | 98.3 | 97.4 | 95 | 93.5 | 93.9 | 94.4 | 95.3 |
| Shares, diluted (weighted) | 62 | 62.2 | 89.6 | 98.9 | 98.1 | 95.9 | 94.6 | 95.1 | 95.4 | 96.2 |
| Dividend per share | 0.64 | 0.68 | 0.78 | 0.90 | 0.92 | 0.92 | 0.92 | 0.92 | 0.94 | 0.98 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 201 | 231 | 220 | 208 | 213 | 174 | 179 | |||
| Property, plant and equipment | 132 | 125 | 216 | 215 | 207 | 193 | 189 | 195 | 198 | 205 |
| Lease right-of-use assets | 0 | 0 | 58.6 | 63.9 | 57.2 | 54.3 | 54.2 | 49.9 | 48.6 | |
| Goodwill | 204 | 204 | 880 | 938 | 938 | 1,001 | 1,002 | 1,006 | 1,008 | 1,100 |
| Intangible assets | 6.5 | 3.8 | 40.8 | 83.9 | 79.3 | 119 | ||||
| Total assets | 8,438 | 8,897 | 13,987 | 14,512 | 15,973 | 16,329 | 17,003 | 17,533 | 18,570 | 21,129 |
| Short-term debt | 808 | 815 | 1,041 | 1,316 | 167 | 296 | 1,287 | 938 | 755 | 675 |
| Long-term debt | 776 | 313 | ||||||||
| Lease liabilities | 68.1 | |||||||||
| Total liabilities | 7,573 | 7,966 | 11,908 | 12,264 | 13,691 | 14,070 | 14,962 | 15,265 | 16,132 | 18,360 |
| Total debt | 120 | 120 | 571 | 414 | 776 | 410 | 347 | 344 | 348 | 514 |
| Retained earnings | 437 | 492 | 600 | 711 | 720 | 837 | 968 | 1,137 | 1,276 | 1,437 |
| Treasury stock | -114 | -114 | -111 | -118 | -126 | -218 | -203 | -198 | -191 | -126 |
| Other comprehensive income | -28.4 | -20.4 | -44.4 | 13.3 | 48.7 | -0.43 | -359 | -310 | -290 | -190 |
| Shareholders' equity | 865 | 931 | 2,078 | 2,248 | 2,282 | 2,259 | 2,041 | 2,268 | 2,438 | 2,769 |
| Total equity | 865 | 931 | 2,078 | 2,248 | 2,282 | 2,259 | 2,041 | 2,268 | 2,438 | 2,769 |
| Total liabilities and equity | 8,438 | 8,897 | 13,987 | 14,512 | 15,973 | 16,329 | 17,003 | 17,533 | 18,570 | 21,129 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 88.5 | 96.8 | 173 | 198 | 156 | 205 | 218 | 256 | 229 | 256 |
| Depreciation and amortization | 13 | 12.6 | 24.2 | 28.1 | 33.3 | 32.1 | 31.2 | 30 | 30.3 | 31.8 |
| Stock-based compensation | 5.35 | 5.45 | 6.22 | 7.97 | 7.68 | 9.64 | 13.4 | 14.9 | 15.7 | 15.6 |
| Deferred income tax | 0.35 | -4.49 | 6.27 | 12.6 | -8.38 | 12.1 | -3.51 | 13.4 | 21.2 | 18.9 |
| Cash from operations | 143 | 124 | 260 | 186 | 108 | 388 | 201 | 487 | 262 | 338 |
| Capital expenditures | -9.73 | -6.54 | -18.2 | -20.9 | -16.5 | -15.3 | -13.8 | -24.1 | -21.1 | -20.8 |
| Acquisitions | 0 | 0 | -0.04 | -51.7 | 0 | -109 | 0 | -3.54 | -96.9 | -187 |
| Purchases of investments | -835 | -1,552 | -2,418 | -642 | -96.7 | -981 | -1,794 | |||
| Sales and maturities of investments | 186 | 225 | 387 | 557 | 905 | 1,139 | 704 | 441 | 483 | 655 |
| Cash from investing | -313 | -429 | -205 | -252 | -1,203 | -510 | -883 | -701 | -1,000 | -547 |
| Debt repaid | -0.09 | -0.09 | -52.5 | -160 | -682 | -463 | -64 | -3.31 | ||
| Stock issued | 0.8 | 0.34 | 0.28 | 0.09 | 0.07 | 0.06 | 0.18 | 0.05 | 0 | 0 |
| Share buybacks | 0 | 0 | 0 | -66.2 | -16.7 | -108 | 0 | 0 | ||
| Dividends paid | -39.1 | -41.2 | -79.7 | -89.1 | -89.7 | -87.3 | -86.6 | -87.2 | -89.5 | -94.6 |
| Cash from financing | 178 | 335 | 30 | 30.6 | 1,125 | 111 | 670 | 220 | 699 | 213 |
| Net change in cash | 6.76 | 29.1 | 85.6 | -35.5 | 30.4 | -11 | -12.5 | 5.56 | -38.8 | 4.3 |
| Free cash flow | 133 | 117 | 242 | 165 | 91.9 | 373 | 187 | 463 | 241 | 317 |
| Interest paid | 33.2 | 49.5 | 84.1 | 122 | 75.9 | 32.8 | 59.5 | 235 | 398 | 365 |
| Income taxes paid | 37.6 | 38.3 | 16 | 27.5 | 32.6 | 17.7 | 5.7 | 10.1 | 27.5 | 9.21 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Return on equity (ROE) | 9.5% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 1.3% | Net income / average total assets. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Net income growth, 1y | 11.7% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 5.5% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 10.4% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 10.8% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 5.0% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 10.8% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 28.9% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 18.9% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 25.5% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 31.5% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 19.2% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 28.1% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 4.3% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 2.1% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 1.3% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 13.6% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 10.7% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 3.9% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 13.8% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 7.5% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 5.8% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 0.8% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 0.6% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -0.4% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Debt / equity | 0.13x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 1.7% | Total debt / total assets. |
| Liabilities / assets | 86.7% | Total liabilities / total assets. |
| Net debt | $176.2M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Goodwill and intangibles / assets | 5.5% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $1.75B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| FCF conversion | 265.2% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 4.5% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $2.72 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| FCF per share | $7.21 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $7.55 | Cash from operations / diluted weighted shares. |
| Book value per share | $28.47 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $16.65 | Tangible book value / shares outstanding. |
| Cash per share | $1.97 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 35.4% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 13.3% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $3.40B | Share price x shares outstanding. |
| Enterprise value | $3.58B | Market cap + total debt - cash - short-term investments. |
| P/E | 11.9x | Market cap / net income. Only when net income is positive. |
| P/B | 1.14x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 1.95x | Market cap / tangible book value, when positive. |
| P/FCF | 4.50x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 4.29x | Market cap / cash from operations, when positive. |
| EV/FCF | 4.73x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 22.2% | Free cash flow / market cap. |
| Earnings yield | 8.4% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 3.0% | Dividends paid over the period / market cap. |
| Shareholder yield | 3.0% | (Dividends paid + share buybacks) / market cap. |
| PEG | 2.40x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
Was FIRST FINANCIAL BANCORP /OH/ profitable in fiscal 2025?
Yes. Net income was $255.6M, a net margin of -.
How much free cash flow did FIRST FINANCIAL BANCORP /OH/ generate in fiscal 2025?
Cash from operations of $337.9M minus capital expenditures of $20.8M left free cash flow of $317.1M.