First Financial Bancorp reports results for the quarter ended in December - Earnings Summary

First Financial Bancorp.

25/01/2024 23:25

* First Financial Bancorp  FFBC.OQ  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
five analysts for the quarter was for earnings of 61 cents per
share. Wall Street expected results to range from 60 cents to 61
cents per share.
    * Revenue fell 6.2% to $200.76 million from a year ago;
analysts
expected $207.25 million. 
    * First Financial Bancorp's reported EPS for the quarter was
60
cents​.
    * The company reported quarterly net income of $56.73
million.
    * First Financial Bancorp shares had fallen by 1.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First Financial
Bancorp is $25.00 
This summary was machine generated from LSEG data January 25 at
11:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.61           0.60           Missed
 Sep. 30 2023      0.67           0.69           Beat
 Jun. 30 2023      0.69           0.69           Met
 Mar. 31 2023      0.71           0.74           Beat