Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 16th: The First of Long Island Corporation (FLIC) : This holding company for The First National Bank of Long Island has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 7.1%, compared with the industry average of 2.9%. Southside Bancshares, Inc. (SBSI) : This bank holding company for Southsi ...

Shares of First Financial Bancorp (FFBC) have been struggling lately and have lost 6.8% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the ...

Table of Content 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, 2024 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. (NASDAQ:FFBC) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Scott Crawley - Corporate Controller Archie Brown - President and Chief Executive Officer Jamie Anderson - Chief Financial Officer Bill Harrod - Chief Credit Officer Conference Call Participants Chris McGrady - KBW Terry McEvoy - Stephens Inc Daniel Tamayo - Raymond James Jon Arfstrom - RBC Operator Thank you for standing by. My name is Ian and I will be your conference operator today. At th ...

The reported revenue compares to the Zacks Consensus Estimate of $203.5 million, representing a surprise of +6.26%. The company delivered an EPS surprise of +10.17%, with the consensus EPS estimate being $0.59. Here is how First Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of First Financial have returned +21.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks ...

First Financial Bancorp (FFBC) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commen ...

Return on average assets for the second quarter of 2024 was 1.38% while return on average tangible common equity was 20.57% . These compare to return on average assets of 1.18% and return on average tangible common equity of 17.35% in the first quarter of 2024. (1) (1) Second quarter 2024 highlights include: ◦ Broad-based growth driven by C&I, Agile and Summit Exhibit 99.1 First Financial Bancorp Announces Second Quarter 2024 Financial Results and Quarterly Dividend Increase Cincinnati, Ohio - July 25, 2024 ...

Mr. Brown commented on asset quality and the ACL, "I am pleased with the 23 basis point decline in net charge-offs to 15 basis points, which marks the third consecutive quarter that charge-offs have declined. We did experience some downward credit migration during the period, however this was not concentrated in any particular loan type, and nonperforming loans as a percentage of total assets was relatively flat compared to the prior quarter. Our ACL increased to 1.36% of total loans, and based on our outlo ...

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. One company value investors might notice is First Financial Ban (FFBC) . FFBC is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 8.94. ...

Investors might want to bet on First Financial Bancorp (FFBC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ye ...