First Financial Bancorp reports results for the quarter ended in September 30 - Earnings Summary

First Financial Bancorp.

27/10/2024 15:51

* First Financial Bancorp  FFBC.OQ  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 69 cents.  The mean expectation of five analysts
for the quarter was for earnings of 66 cents per share. Wall
Street expected results to range from 63 cents to 69 cents per
share.
    * Revenue fell 5.1% to $201.26 million from a year ago;
analysts
expected $214.28 million. 
    * First Financial Bancorp's reported EPS for the quarter was
55
cents​.
    * The company reported quarterly net income of $52.45
million.
    * First Financial Bancorp shares had risen by 0.8% this
quarter and gained 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $28.00 
This summary was machine generated from LSEG data October 27 at
03:51 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
 Sep. 30 2024      0.66           0.55           Missed
 Jun. 30 2024      0.59           0.64           Beat
 Mar. 31 2024      0.59           0.53           Missed
 Dec. 31 2023      0.61           0.60           Missed