First Financial Bancorp. (FFBC) Set to Announce Quarterly Earnings on Thursday

Posted by James Quigley on Apr 23rd, 2024

First Financial Bancorp. (NASDAQ:FFBC – Get Free Report) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect First Financial Bancorp. to post earnings of $0.59 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

First Financial Bancorp. (NASDAQ:FFBC – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. First Financial Bancorp. had a net margin of 22.94% and a return on equity of 12.16%. The firm had revenue of $202.43 million for the quarter, compared to analysts’ expectations of $207.95 million. On average, analysts expect First Financial Bancorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Financial Bancorp. Price Performance

FFBC stock opened at $21.95 on Tuesday. The firm’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.59. First Financial Bancorp. has a 12-month low of $17.23 and a 12-month high of $24.99. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 8.16 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FFBC. Piper Sandler began coverage on shares of First Financial Bancorp. in a research report on Friday, February 23rd. They issued an “overweight” rating and a $26.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of First Financial Bancorp. in a report on Tuesday, April 9th.

View Our Latest Stock Analysis on FFBC

About First Financial Bancorp.

(Get Free Report)

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking, savings, and money-market accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for commercial customers.