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FIRST FINANCIAL BANCORP (FFBC) Stock Fundamental Analysis

NASDAQ:FFBC - Nasdaq - US3202091092 - Common Stock - Currency: USD

23.96  +0.56 (+2.39%)

After market: 23.96 0 (0%)

Fundamental Rating

4

Taking everything into account, FFBC scores 4 out of 10 in our fundamental rating. FFBC was compared to 396 industry peers in the Banks industry. There are concerns on the financial health of FFBC while its profitability can be described as average. FFBC has a correct valuation and a medium growth rate. FFBC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

FFBC had positive earnings in the past year.
In the past year FFBC had a positive cash flow from operations.
In the past 5 years FFBC has always been profitable.
In the past 5 years FFBC always reported a positive cash flow from operatings.
FFBC Yearly Net Income VS EBIT VS OCF VS FCFFFBC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

FFBC has a Return On Assets of 1.24%. This is amongst the best in the industry. FFBC outperforms 80.56% of its industry peers.
FFBC's Return On Equity of 9.18% is in line compared to the rest of the industry. FFBC outperforms 57.07% of its industry peers.
Industry RankSector Rank
ROA 1.24%
ROE 9.18%
ROIC N/A
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
ROIC(3y)N/A
ROIC(5y)N/A
FFBC Yearly ROA, ROE, ROICFFBC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 27.31%, FFBC is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
In the last couple of years the Profit Margin of FFBC has declined.
The Operating Margin and Gross Margin are not available for FFBC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.31%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
FFBC Yearly Profit, Operating, Gross MarginsFFBC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

FFBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FFBC has been increased compared to 1 year ago.
FFBC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FFBC has been reduced compared to a year ago.
FFBC Yearly Shares OutstandingFFBC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
FFBC Yearly Total Debt VS Total AssetsFFBC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

The Debt to FCF ratio of FFBC is 1.53, which is an excellent value as it means it would take FFBC, only 1.53 years of fcf income to pay off all of its debts.
FFBC has a Debt to FCF ratio of 1.53. This is in the better half of the industry: FFBC outperforms 60.61% of its industry peers.
FFBC has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
FFBC has a Debt to Equity ratio (0.16) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.53
Altman-Z N/A
ROIC/WACCN/A
WACC17.48%
FFBC Yearly LT Debt VS Equity VS FCFFFBC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FFBC Yearly Current Assets VS Current LiabilitesFFBC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

The earnings per share for FFBC have decreased by -3.98% in the last year.
Measured over the past 5 years, FFBC shows a small growth in Earnings Per Share. The EPS has been growing by 2.32% on average per year.
FFBC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.45%.
The Revenue has been growing slightly by 6.30% on average over the past years.
EPS 1Y (TTM)-3.98%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%1.89%
Revenue 1Y (TTM)2.45%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%2.63%

3.2 Future

Based on estimates for the next years, FFBC will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.31% on average per year.
FFBC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.28% yearly.
EPS Next Y9.14%
EPS Next 2Y8.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.77%
Revenue Next 2Y4.28%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FFBC Yearly Revenue VS EstimatesFFBC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
FFBC Yearly EPS VS EstimatesFFBC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.94, the valuation of FFBC can be described as very reasonable.
Based on the Price/Earnings ratio, FFBC is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
FFBC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.52.
With a Price/Forward Earnings ratio of 8.51, the valuation of FFBC can be described as very reasonable.
Based on the Price/Forward Earnings ratio, FFBC is valued a bit cheaper than the industry average as 69.19% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FFBC to the average of the S&P500 Index (22.25), we can say FFBC is valued rather cheaply.
Industry RankSector Rank
PE 9.94
Fwd PE 8.51
FFBC Price Earnings VS Forward Price EarningsFFBC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FFBC is valued a bit cheaper than 72.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.54
EV/EBITDA N/A
FFBC Per share dataFFBC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

FFBC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)4.29
EPS Next 2Y8.31%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

FFBC has a Yearly Dividend Yield of 3.96%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.46, FFBC pays a bit more dividend than its industry peers.
FFBC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 3.96%

5.2 History

The dividend of FFBC has a limited annual growth rate of 0.66%.
FFBC has been paying a dividend for at least 10 years, so it has a reliable track record.
FFBC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.66%
Div Incr Years1
Div Non Decr Years10
FFBC Yearly Dividends per shareFFBC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

39.43% of the earnings are spent on dividend by FFBC. This is a low number and sustainable payout ratio.
FFBC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.43%
EPS Next 2Y8.31%
EPS Next 3YN/A
FFBC Yearly Income VS Free CF VS DividendFFBC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FFBC Dividend Payout.FFBC Dividend Payout, showing the Payout Ratio.FFBC Dividend Payout.PayoutRetained Earnings

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FIRST FINANCIAL BANCORP

NASDAQ:FFBC (6/6/2025, 8:00:00 PM)

After market: 23.96 0 (0%)

23.96

+0.56 (+2.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/amc
Earnings (Next)07-23 2025-07-23/amc
Inst Owners81.68%
Inst Owner Change0.02%
Ins Owners0.96%
Ins Owner Change2.86%
Market Cap2.29B
Analysts76.36
Price Target28.56 (19.2%)
Short Float %1.18%
Short Ratio2.57
Dividend
Industry RankSector Rank
Dividend Yield 3.96%
Yearly Dividend0.94
Dividend Growth(5Y)0.66%
DP39.43%
Div Incr Years1
Div Non Decr Years10
Ex-Date06-02 2025-06-02 (0.24)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.72%
Min EPS beat(2)-15.7%
Max EPS beat(2)2.25%
EPS beat(4)2
Avg EPS beat(4)-6.41%
Min EPS beat(4)-18.55%
Max EPS beat(4)6.35%
EPS beat(8)3
Avg EPS beat(8)-5.3%
EPS beat(12)6
Avg EPS beat(12)-2.74%
EPS beat(16)8
Avg EPS beat(16)-2.37%
Revenue beat(2)1
Avg Revenue beat(2)-3.52%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)1.61%
Revenue beat(4)2
Avg Revenue beat(4)-3.14%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)2.39%
Revenue beat(8)2
Avg Revenue beat(8)-3.19%
Revenue beat(12)5
Avg Revenue beat(12)-1.38%
Revenue beat(16)6
Avg Revenue beat(16)-1.31%
PT rev (1m)-10.4%
PT rev (3m)-11.11%
EPS NQ rev (1m)1.19%
EPS NQ rev (3m)6.56%
EPS NY rev (1m)-2.06%
EPS NY rev (3m)-1.68%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)0.75%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-0.87%
Valuation
Industry RankSector Rank
PE 9.94
Fwd PE 8.51
P/S 2.73
P/FCF 8.54
P/OCF 8.01
P/B 0.92
P/tB 1.62
EV/EBITDA N/A
EPS(TTM)2.41
EY10.06%
EPS(NY)2.82
Fwd EY11.75%
FCF(TTM)2.81
FCFY11.71%
OCF(TTM)2.99
OCFY12.48%
SpS8.78
BVpS26.13
TBVpS14.8
PEG (NY)1.09
PEG (5Y)4.29
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 9.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.31%
GM N/A
FCFM 31.95%
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.53
Debt/EBITDA N/A
Cap/Depr 58.52%
Cap/Sales 2.11%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 116.96%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC17.48%
ROIC/WACCN/A
Cap/Depr(3y)64.7%
Cap/Depr(5y)58.27%
Cap/Sales(3y)2.45%
Cap/Sales(5y)2.47%
Profit Quality(3y)124.06%
Profit Quality(5y)123%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.98%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%1.89%
EPS Next Y9.14%
EPS Next 2Y8.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.45%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%2.63%
Revenue Next Year3.77%
Revenue Next 2Y4.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.44%
FCF growth 3Y-13.71%
FCF growth 5Y7.83%
OCF growth 1Y24.9%
OCF growth 3Y-12.44%
OCF growth 5Y7.07%