First Financial Bancorp. (NASDAQ:FFBC) Q1 2020 Earnings Conference Call April 21, 2020 8:30 AM ET Company Participants Scott Crowley - Controller Archie Brown - President and Chief Executive Officer Jamie Anderson - Chief Financial Officer Bill Harrod - Chief Credit Officer Conference Call Participants Chris McGratty - KBW Scott Siefers - Piper Sandler Operator Good morning. Welcome to the First Financial First Quarter 2020 Earnings Conference Call and Webcast. All participants will be in listen-only mode. ...

Earnings Presentation First Quarter 2020 Forward Looking Statement Disclosure Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statem ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934 Commission File Number 001-34762 FIRST FINANCIAL BANCORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |------------------------------------|-------------- ...

Earnings Presentation Fourth Quarter 2019 Forward Looking Statement Disclosure Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such state ...

First Financial Bancorp (NASDAQ:FFBC) Q4 2019 Earnings Conference Call January 24, 2020 8:30 AM ET Company Participants Scott Crawley - Corporate Controller & Principal Accounting Officer Archie Brown - President, CEO & Director James Anderson - EVP & CFO Conference Call Participants Robert Siefers - Piper Sandler & Co. Christopher McGratty - KBW Jon Arfstrom - RBC Capital Markets Operator Good day, and welcome to the First Financial Bancorp Fourth Quarter 2019 Earnings Conference Call and Webcast. [Operato ...

Part I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201%20-%20Financial%20Statements) This section presents First Financial Bancorp.'s unaudited consolidated financial statements for Q3 and YTD 2019, including balance sheets, income, comprehensive income, equity, and cash flow statements [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) The Consolidated Balance Sheets present the financial position of First Financial Bancorp. as of September 30, 2019 (unaudited) and December 31, 2018, with total assets growing to **$14.48 billion** from **$13.99 billion**, primarily driven by an increase in net loans and leases Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$14,480,445** | **$13,986,660** | | Net Loans and Leases | $9,007,126 | $8,767,672 | | Goodwill | $937,689 | $880,251 | | Total Deposits | $10,083,857 | $10,140,394 | | **Total Liabilities** | **$12,219,132** | **$11,908,411** | | **Total Shareholders' Equity** | **$2,261,313** | **$2,078,249** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) The Consolidated Statements of Income detail the company's revenues, expenses, and profitability for the three and nine months ended September 30, 2019 and 2018, with net income for Q3 2019 at **$50.9 million**, nearly flat compared to Q3 2018, and increasing to **$149.4 million** for the nine-month period Key Income Statement Data (in thousands, except per share data) | Metric | Q3 2019 | Q3 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $121,535 | $123,485 | $365,352 | $323,276 | | Provision for Loan and Lease Losses | $5,228 | $3,238 | $25,969 | $9,276 | | Noninterest Income | $33,140 | $28,684 | $94,605 | $73,878 | | Noninterest Expenses | $86,226 | $85,415 | $249,103 | $240,458 | | **Net Income** | **$50,856** | **$50,657** | **$149,398** | **$117,581** | | **Net Earnings Per Share - Diluted** | **$0.51** | **$0.51** | **$1.51** | **$1.36** | - Cash dividends declared per share increased to **$0.23** in Q3 2019 from **$0.20** in Q3 2018, and to **$0.67** for the nine months of 2019 from **$0.58** in the prior year period[15](index=15&type=chunk) [Consolidated Statements of Comprehensive Income](index=8&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) These statements show the change in equity from non-owner sources, combining net income with other comprehensive income (OCI), with comprehensive income for Q3 2019 at **$61.1 million**, up from **$40.9 million** in Q3 2018, largely due to a significant positive swing in unrealized gains on debt securities Comprehensive Income Highlights (in thousands) | Metric | Q3 2019 | Q3 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $50,856 | $50,657 | $149,398 | $117,581 | | Other Comprehensive Income (Loss) | $10,257 | $(9,739) | $58,952 | $(27,415) | | **Comprehensive Income** | **$61,113** | **$40,918** | **$208,350** | **$90,166** | [Consolidated Statements of Changes in Shareholders' Equity](index=9&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) These statements reconcile the beginning and ending balances of shareholders' equity, detailing the impact of net income, dividends, stock transactions, and other comprehensive income, with total shareholders' equity increasing from **$2.08 billion** at the start of 2019 to **$2.26 billion** at September 30, 2019 - For the nine months ended September 30, 2019, key changes to equity included **$149.4 million** in net income, **$59.0 million** in other comprehensive income, **$66.7 million** in cash dividends, and **$27.4 million** in common stock purchases[24](index=24&type=chunk) [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) These statements report the cash flows from operating, investing, and financing activities for the nine months ended September 30, 2019 and 2018, with net cash from operating activities at **$108.1 million**, investing activities using **$50.7 million**, and financing activities using **$51.1 million**, resulting in a net increase in cash Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Activity | 2019 | 2018 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $108,102 | $174,579 | | Net Cash used in Investing Activities | $(50,699) | $(46,923) | | Net Cash used in Financing Activities | $(51,142) | $(85,018) | | **Change in Cash and Due from Banks** | **$6,261** | **$42,638** | [Notes to Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed disclosures that supplement the information in the primary financial statements, covering accounting policies, business combinations, and specifics on various asset, liability, and equity accounts - The company adopted ASU 2016-02 (Leases) on January 1, 2019, resulting in the recognition of a Right-of-Use (ROU) asset of **$60.2 million** and a lease liability of **$65.8 million** on the Consolidated Balance Sheet[33](index=33&type=chunk) - The company is preparing for the adoption of ASU 2016-13 (CECL) effective January 1, 2020, and estimates its allowance for loan and lease losses will increase to between **1.12%** and **1.32%** of total loans upon adoption[37](index=37&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk) - In August 2019, the company acquired Bannockburn Global Forex, LLC for approximately **$114.6 million**, resulting in **$58.0 million** of goodwill. This followed the April 2018 acquisition of MainSource Financial Group, Inc. for **$1.1 billion**, which resulted in **$675.6 million** of goodwill[187](index=187&type=chunk)[188](index=188&type=chunk)[189](index=189&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=45&type=section&id=Item%202%20-%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the company's financial condition and results of operations for the third quarter and first nine months of 2019, covering performance drivers, financial components, asset quality, capital, liquidity, and risk management Q3 2019 Performance Highlights | Metric | Q3 2019 | Q3 2018 | | :--- | :--- | :--- | | Net Income | $50.9 million | $50.7 million | | Diluted EPS | $0.51 | $0.51 | | Return on Average Assets (ROA) | 1.41% | 1.45% | | Return on Average Equity (ROE) | 9.13% | 9.94% | - The company acquired Bannockburn Global Forex, LLC in August 2019 for **$114.6 million**, adding a capital markets trading firm specializing in foreign currency services. This follows the major acquisition of MainSource Financial Group in April 2018[203](index=203&type=chunk)[204](index=204&type=chunk) - Net interest margin on a fully tax equivalent basis decreased **16 bps** to **3.96%** in Q3 2019 compared to Q3 2018, as accretion on acquired loans moderated and funding costs increased[214](index=214&type=chunk) - Asset quality improved, with nonperforming assets declining to **0.56%** of total assets at September 30, 2019, from **0.63%** at year-end 2018[233](index=233&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=60&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section incorporates by reference the 'Market Risk' discussion from the MD&A, detailing the company's exposure to interest rate risk and its management strategies, including income simulation and EVE sensitivity analyses - The company's interest rate risk profile as of September 30, 2019, was asset sensitive. A **+100 basis point** parallel shock in interest rates was projected to increase Net Interest Income (NII) by **3.96%** in the first year and increase Economic Value of Equity (EVE) by **3.78%**[291](index=291&type=chunk)[292](index=292&type=chunk) - The primary source of market risk for First Financial is interest rate risk. The company monitors this risk using income simulation models and EVE sensitivity analyses, with a strategy biased toward neutrality or slight asset sensitivity[287](index=287&type=chunk)[288](index=288&type=chunk)[292](index=292&type=chunk) [Controls and Procedures](index=60&type=section&id=Item%204%20-%20Controls%20and%20Procedures) This section addresses the effectiveness of the company's disclosure controls and procedures and any changes in internal control over financial reporting, concluding they were effective - Based on an evaluation as of September 30, 2019, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level[305](index=305&type=chunk) - There were no changes to the company's internal control over financial reporting during the third quarter of 2019 that materially affected, or are reasonably likely to materially affect, these controls[306](index=306&type=chunk) Part II - OTHER INFORMATION [Legal Proceedings](index=61&type=section&id=Item%201%20-%20Legal%20Proceedings) This section reports no material changes to the legal proceedings disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2018 - The company confirms no material changes to its legal proceedings since the 2018 Form 10-K filing[309](index=309&type=chunk) [Risk Factors](index=61&type=section&id=Item%201A%20-%20Risk%20Factors) This section states no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2018 - The company confirms no material changes to its risk factors since the 2018 Form 10-K filing[310](index=310&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=62&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's repurchases of its own equity securities during Q3 2019, totaling **1,143,494 shares** at an average price of **$23.94** per share Issuer Purchases of Equity Securities (Q3 2019) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | July 2019 | 76,009 | $24.95 | | August 2019 | 789,485 | $23.73 | | September 2019 | 278,000 | $24.25 | | **Total** | **1,143,494** | **$23.94** | - The repurchases were made under a plan approved in January 2019, which authorizes the repurchase of up to **5,000,000 shares** through December 31, 2021. As of September 30, 2019, **3,856,506 shares** remained available for repurchase[269](index=269&type=chunk)[316](index=316&type=chunk) [Exhibits](index=63&type=section&id=Item%206%20-%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including merger agreements, CEO and CFO certifications, and XBRL formatted financial statements - Exhibits filed include agreements related to the Bannockburn Global Forex, LLC acquisition, CEO/CFO certifications, and XBRL data files[318](index=318&type=chunk) [Signatures](index=64&type=section&id=Signatures) This section contains the formal signatures of the company's authorized officers, certifying the report on November 7, 2019 - The report was duly signed on November 7, 2019, by James M. Anderson (EVP & CFO) and Scott T. Crawley (Controller & Principal Accounting Officer)[323](index=323&type=chunk)

First Financial Bancorp. (NASDAQ:FFBC) Q3 2019 Earnings Conference Call October 18, 2019 8:30 AM ET Company Participants Scott Crawley - Principal Accounting Officer and Corporate Controller Archie Brown - President, Chief Executive Officer and Director James Anderson - Executive Vice President and Chief Financial Officer Bill Harrod - Chief Credit Officer Conference Call Participants Scott Siefers - Sandler O'Neill & Partners LP Christopher McGratty - Keefe Bruyette & Woods Inc. Terry McEvoy - Stephens Inc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission file number 001-34762 FIRST FINANCIAL BANCORP /OH/ | --- | --- | --- | --- | --- | |------------------------- ...

First Financial Bancorp (NASDAQ:FFBC) Q2 2019 Results Earnings Conference Call July 19, 2019 8:30 AM ET Company Participants Scott Crawley - Corporate Controller and Principal Accounting Officer Claude Davis - Executive Chairman Archie Brown - President and Chief Executive Officer James Anderson - EVP and Chief Financial Officer Conference Call Participants Scott Siefers - Sandler O'Neill & Partners LP Christopher McGratty - Keefe Bruyette & Woods Inc. Terry McEvoy - Stephens Inc. Nathan Race - Piper Jaffra ...

Earnings Presentation Second Quarter 2019 Forward Looking Statement Disclosure Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such state ...