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First Financial Bancorp Q3 2026 Earnings
First Financial Bancorp reports record quarterly earnings with highest per-share earnings in company history.
In brief
First Financial Bancorp reports record quarterly earnings with highest per-share earnings in company history. First Financial Bancorp reported record quarterly results with adjusted net income of $87.8 million and adjusted EPS of $0.84, the highest per-share earnings in the company's history. Originally reported by…
Q3 2026 Results
First Financial Bancorp reported record quarterly results with adjusted net income of $87.8 million and adjusted EPS of $0.84.
Record EPS Growth
Adjusted EPS grew 11% year over year to $0.84, the highest per-share earnings in the company's history.
Net Interest Margin
FTE Net Interest Margin increased to 4.07%, up 9 basis points from the linked quarter.
Fee Revenue Growth
Adjusted Fee Revenue reached a record $77.6 million, accounting for 28% of total revenue.
Loan Balance Growth
Loan balances increased $170.2 million, or 4.9% on an annualized basis.
C&I Portfolio Growth
C&I Portfolio Growth reached $106.0 million, reflecting broad-based expansion across major metropolitan markets.
Deposit Growth
Average Deposit Growth reached $52.4 million, or 1.2% on an annualized basis.
Foreign Exchange Income
Foreign Exchange Income reached $17.5 million, representing 33.5% growth from the linked quarter.
Leasing Business
Leasing Business Income reached $23.0 million, remaining a substantial component of diversified fee income.
Adjusted ROA
Adjusted ROA reached 1.56%, reflecting efficient asset utilization and strong core earnings.
Adjusted ROTCE
Adjusted ROTCE reached 20.2%, demonstrating the company's ability to generate high returns on tangible equity.
Adjusted Efficiency Ratio
Adjusted Efficiency Ratio reached 57.3%, slightly elevated due to incentive costs tied to record revenue.
Classified Assets Ratio
Classified Assets Ratio increased to 1.26% from 1.01% in the prior quarter due to a single ICRE relationship downgrade.
Provision for Credit Losses
Provision for Credit Losses was $8.9 million, primarily driven by loan growth and net charge-offs.
Tangible Book Value
Tangible Book Value Per Share decreased to $15.65, down 6% from the linked quarter due to unrealized losses.
Q4 Guidance
Q4 Net Interest Margin Guidance is 4.08% to 4.12% assuming a December rate hike and declining loan prepayment accretion.
What it means
First Financial Bancorp reported record quarterly results with adjusted net income of $87.8 million and adjusted EPS of $0.84, the highest per-share earnings in the company's history.
