NASDAQ$FFBC
First Financial Bancorp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter 2023 financial results, marked by record revenue and strong earnings per share growth.
First Financial Bancorp reported a strong first quarter in 2023, with record quarterly revenue of $214.9 million and earnings per diluted share of $0.74, a 65% increase year-over-year on an adjusted basis. The company saw growth in net interest margin and loan balances, alongside stable credit quality and increased regulatory capital ratios.
- Earnings per diluted share were $0.74, or $0.76 on an adjusted basis, representing a 65% increase year-over-year.
- The company achieved a record quarterly revenue of $214.9 million.
- Net interest margin on a fully tax-equivalent basis was 4.55%, an 8 bp increase from the linked quarter.
- Loan growth was $134.4 million, equating to 5.3% on an annualized basis.
Headline financials
Revenue & EPS history
First Financial · Revenue · Quarterly
$215M
Revenue by segment
First Financial · $15.3M total across 3 segments · Q3 2021
- Foreign Exchange Income$9.19M—60.1%
- Bankcard Income$3.84M—25.1%
- Client Derivative Fees$2.27M—14.9%
Forward guidance
The company is well-positioned to manage future uncertainty due to its profitability, net interest margin, ample liquidity, and strong levels of capital.
Tailwinds
- Strong profitability
- Healthy net interest margin
- Ample liquidity
- Strong capital levels
- Effective management of short-term rate increases
Headwinds
- Near-term uncertainty regarding the economy
- Challenges for the industry
- Seasonal outflows in public funds and business deposits
- Potential impact of economic forecasts on ACL
- Uncertainty regarding future economic conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.0%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.5%
Avg return
30 days after
52%
34 / 66 earnings
Positive
+7.1%
Q1 2018
Best reaction
-11.6%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +0.2% | +2.8% | |
| Q4 2025 | +5.8% | +8.3% | +3.2% | |
| Q3 2025 | -0.9% | -3.0% | +0.5% | |
| Q2 2025 | -1.1% | +2.0% | +4.1% | |
| Q1 2025 | -4.5% | -3.5% | -0.0% | |
| Q4 2024 | +1.8% | +0.4% | -3.0% | |
| Q3 2024 | -4.3% | +1.7% | +17.2% | |
| Q2 2024 | +6.8% | +4.5% | +1.8% | |
| Q1 2024 | +0.1% | -2.0% | +0.2% | |
| Q4 2023 | -2.5% | -0.3% | -6.9% | |
| Q3 2023 | -8.3% | -4.1% | +7.7% | |
| Q2 2023 | -5.4% | -5.0% | -10.4% | |
| Q1 2023 | -0.9% | -4.3% | -9.0% | |
| Q4 2022 | +4.9% | +9.6% | +8.4% | |
| Q3 2022 | -0.8% | +2.6% | +6.3% | |
| Q2 2022 | +2.9% | +5.2% | +12.0% | |
| Q1 2022 | -5.8% | -8.6% | -11.1% | |
| Q4 2021 | -2.4% | -0.4% | -1.7% | |
| Q3 2021 | +2.0% | +1.7% | +2.8% | |
| Q2 2021 | +0.0% | +0.0% | +4.6% | |
| Q1 2021 | +4.1% | +2.8% | +8.5% | |
| Q4 2020 | -3.9% | +4.5% | +17.6% | |
| Q3 2020 | +4.7% | +3.0% | +21.1% | |
| Q2 2020 | +6.2% | +0.0% | +1.9% | |
| Q1 2020 | -1.2% | +1.1% | -7.8% | |
| Q4 2019 | +0.2% | +0.7% | -0.8% | |
| Q3 2019 | -3.0% | -0.2% | +0.3% | |
| Q2 2019 | +3.3% | +4.8% | +2.4% | |
| Q1 2019 | -1.2% | -0.3% | -6.6% | |
| Q4 2018 | +0.2% | +2.9% | +8.3% | |
| Q3 2018 | -11.6% | -12.4% | -2.7% | |
| Q2 2018 | -1.4% | -3.9% | +0.0% | |
| Q1 2018 | +7.1% | +8.7% | +10.1% | |
| Q4 2017 | +3.7% | +3.2% | +2.5% | |
| Q3 2017 | +4.6% | +5.1% | +1.5% | |
| Q2 2017 | -7.6% | -6.7% | -12.2% | |
| Q1 2017 | +6.2% | +7.0% | -4.0% | |
| Q4 2016 | +2.4% | +4.1% | +4.8% | |
| Q3 2016 | +0.5% | +0.5% | +19.5% | |
| Q2 2016 | +3.2% | +4.4% | +5.2% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | +3.8% | — | — | |
| Q2 2015 | +3.9% | — | — | |
| Q1 2015 | -4.7% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2011 | -6.1% | — | — | |
| Q3 2010 | -6.1% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q1 2010 | +2.2% | — | — | |
| Q1 2011 | +2.2% | — | — |
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