First Financial Bancorp FFBC.OQ reported quarterly adjusted earnings of 73 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of five analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 66 cents to 69 cents per share.
Revenue rose 5.4% to $226.33 million from a year ago; analysts expected $219.95 million.
First Financial Bancorp's reported EPS for the quarter was 73 cents.
The company reported quarterly net income of $70 million.
First Financial Bancorp shares had risen by 0.2% this quarter and lost 9.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 5.3% 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 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for First Financial Bancorp is $28.50, about 14.7% above its last closing price of $24.32
This summary was machine generated from LSEG data July 24 at 09:01 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)