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FIRST FINANCIAL BANCORP (FFBC) Stock Fundamental Analysis

USA - NASDAQ:FFBC - US3202091092 - Common Stock

25.52 USD
-0.44 (-1.69%)
Last: 9/15/2025, 4:01:58 PM
25.51 USD
-0.01 (-0.04%)
After Hours: 9/15/2025, 4:01:58 PM
Fundamental Rating

5

Taking everything into account, FFBC scores 5 out of 10 in our fundamental rating. FFBC was compared to 392 industry peers in the Banks industry. While FFBC is still in line with the averages on profitability rating, there are concerns on its financial health. FFBC has a decent growth rate and is not valued too expensively. FFBC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year FFBC was profitable.
FFBC had a positive operating cash flow in the past year.
Each year in the past 5 years FFBC has 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

With an excellent Return On Assets value of 1.28%, FFBC belongs to the best of the industry, outperforming 83.42% of the companies in the same industry.
FFBC has a Return On Equity of 9.33%. This is comparable to the rest of the industry: FFBC outperforms 58.42% of its industry peers.
Industry RankSector Rank
ROA 1.28%
ROE 9.33%
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

FFBC's Profit Margin of 28.00% is fine compared to the rest of the industry. FFBC outperforms 74.23% of its industry peers.
In the last couple of years the Profit Margin of FFBC has declined.
FFBC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28%
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.
Compared to 5 years ago, FFBC has less shares outstanding
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

FFBC has a debt to FCF ratio of 1.30. This is a very positive value and a sign of high solvency as it would only need 1.30 years to pay back of all of its debts.
FFBC's Debt to FCF ratio of 1.30 is fine compared to the rest of the industry. FFBC outperforms 63.27% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that FFBC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.14, FFBC is in the better half of the industry, outperforming 60.20% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 1.3
Altman-Z N/A
ROIC/WACCN/A
WACC15.15%
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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5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 1.63% over the past 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.
The Revenue has been growing slightly by 3.56% in the past year.
Measured over the past years, FFBC shows a small growth in Revenue. The Revenue has been growing by 6.30% on average per year.
EPS 1Y (TTM)1.63%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%14.06%
Revenue 1Y (TTM)3.56%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%5.36%

3.2 Future

The Earnings Per Share is expected to grow by 15.00% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.51% on average over the next years. This is quite good.
EPS Next Y13.05%
EPS Next 2Y15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.74%
Revenue Next 2Y13.51%
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 accelerating: in the next years the growth will be better 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 1B
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 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

FFBC is valuated reasonably with a Price/Earnings ratio of 10.21.
Compared to the rest of the industry, the Price/Earnings ratio of FFBC indicates a somewhat cheap valuation: FFBC is cheaper than 79.08% of the companies listed in the same industry.
FFBC is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
FFBC is valuated reasonably with a Price/Forward Earnings ratio of 8.04.
FFBC's Price/Forward Earnings ratio is rather cheap when compared to the industry. FFBC is cheaper than 83.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.73, FFBC is valued rather cheaply.
Industry RankSector Rank
PE 10.21
Fwd PE 8.04
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

74.74% of the companies in the same industry are more expensive than FFBC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.11
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FFBC's earnings are expected to grow with 15.00% in the coming years.
PEG (NY)0.78
PEG (5Y)4.4
EPS Next 2Y15%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

FFBC has a Yearly Dividend Yield of 3.82%. Purely for dividend investing, there may be better candidates out there.
FFBC's Dividend Yield is a higher than the industry average which is at 3.73.
Compared to an average S&P500 Dividend Yield of 2.38, FFBC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.82%

5.2 History

The dividend of FFBC has a limited annual growth rate of 0.66%.
FFBC has paid a dividend for at least 10 years, which is 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

38.60% 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.
DP38.6%
EPS Next 2Y15%
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 (9/15/2025, 4:01:58 PM)

After market: 25.51 -0.01 (-0.04%)

25.52

-0.44 (-1.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-24 2025-07-24/amc
Earnings (Next)10-22 2025-10-22/amc
Inst Owners81.15%
Inst Owner Change-0.47%
Ins Owners1.02%
Ins Owner Change-0.31%
Market Cap2.44B
Analysts75.38
Price Target30.19 (18.3%)
Short Float %1.73%
Short Ratio3.77
Dividend
Industry RankSector Rank
Dividend Yield 3.82%
Yearly Dividend0.94
Dividend Growth(5Y)0.66%
DP38.6%
Div Incr Years1
Div Non Decr Years10
Ex-Date09-02 2025-09-02 (0.25)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.23%
Min EPS beat(2)-15.7%
Max EPS beat(2)5.25%
EPS beat(4)2
Avg EPS beat(4)-6.69%
Min EPS beat(4)-18.55%
Max EPS beat(4)5.25%
EPS beat(8)4
Avg EPS beat(8)-4.4%
EPS beat(12)6
Avg EPS beat(12)-2.86%
EPS beat(16)8
Avg EPS beat(16)-2.62%
Revenue beat(2)1
Avg Revenue beat(2)-3.88%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)-3.52%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)1.61%
Revenue beat(8)3
Avg Revenue beat(8)-2.81%
Revenue beat(12)5
Avg Revenue beat(12)-1.48%
Revenue beat(16)7
Avg Revenue beat(16)-1.26%
PT rev (1m)1.2%
PT rev (3m)5.71%
EPS NQ rev (1m)0.22%
EPS NQ rev (3m)10.87%
EPS NY rev (1m)3.5%
EPS NY rev (3m)3.58%
Revenue NQ rev (1m)0.42%
Revenue NQ rev (3m)3.37%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)2.87%
Valuation
Industry RankSector Rank
PE 10.21
Fwd PE 8.04
P/S 2.87
P/FCF 9.11
P/OCF 8.48
P/B 0.96
P/tB 1.66
EV/EBITDA N/A
EPS(TTM)2.5
EY9.8%
EPS(NY)3.17
Fwd EY12.44%
FCF(TTM)2.8
FCFY10.98%
OCF(TTM)3.01
OCFY11.79%
SpS8.9
BVpS26.72
TBVpS15.41
PEG (NY)0.78
PEG (5Y)4.4
Profitability
Industry RankSector Rank
ROA 1.28%
ROE 9.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28%
GM N/A
FCFM 31.48%
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-Score7
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 1.3
Debt/EBITDA N/A
Cap/Depr 65.89%
Cap/Sales 2.32%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 112.43%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC15.15%
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)1.63%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%14.06%
EPS Next Y13.05%
EPS Next 2Y15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.56%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%5.36%
Revenue Next Year6.74%
Revenue Next 2Y13.51%
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 1Y37.23%
FCF growth 3Y-13.71%
FCF growth 5Y7.83%
OCF growth 1Y34.54%
OCF growth 3Y-12.44%
OCF growth 5Y7.07%