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The bank’s services include portfolio management, wealth planning, nationwide commercial finance lending, trust and estate services, and retirement plan services. As of June 30, 2023, First Financial Bancorp. held $17.1 billion in assets, $10.6 billion in loans, $12.8 billion in deposits, $2.1 billion in shareholders’ equity and managed $3.3 billion in its Wealth Management division.
According to InvestingPro data, the company has a market cap of 1880M USD and has seen a revenue growth of 18.52% LTM2023.Q2. The company’s P/E ratio stands at 7.12, indicating it is trading at a low earnings multiple, which aligns with one of the InvestingPro Tips. This tip suggests that the company is trading at a low P/E ratio relative to near-term earnings growth.
The company’s gross profit for LTM2023.Q2 is reported to be 758.36M USD, with an operating income of 315.62M USD. This indicates a robust operating income margin of 41.62%. In line with another InvestingPro Tip, First Financial Bancorp has maintained dividend payments for 41 consecutive years, with a dividend yield of 4.64% as of Y2023.D279.
A comprehensive discussion regarding the financial figures will be conducted via a teleconference and webcast scheduled for 8:30 a.m. Eastern Time on Wednesday, October 25, 2023. The company encourages interested parties to log in or initiate an account sign-up process for full content access to the webcast.
First Financial Bancorp. advises that existing subscriptions may not cover this specific content, hence the necessity for account management to secure access to the upcoming financial results discussion. For more detailed insights and tips about First Financial Bancorp and other companies, you can explore InvestingPro, which offers additional tips and real-time metrics.
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