First Financial Q2 EPS beats estimates

First Financial Bancorp.

24/07/2025 21:29

Overview

First Financial Q2 adjusted EPS of $0.74 beats analyst expectations, per LSEG data

Co reports record quarterly revenue of $226.3 mln, up 5% year-over-year

Co increases quarterly dividend by 4.2% to $0.25 per share

Outlook

Company expects higher loan growth in H2 2025

First Financial anticipates net charge-offs of 20-25 bps for the remainder of 2025

First Financial expects asset quality to remain stable in 2025

Result Drivers

NET INTEREST MARGIN - Driven by 12 bp decline in funding costs and 5 bp increase in asset yields

NONINTEREST INCOME - Double-digit growth in mortgage, bankcard, and leasing business income

LOAN GROWTH - 2% annualized growth, offset by elevated prepayments in commercial real estate

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.74
$0.68 (5 Analysts)
Q2 EPS
$0.73
Q2 Net Income
$70 mln
Q2 Net Interest Income
$158.27 mln
Q2 Credit Loss Allowance
$9.08 mln


Analyst Coverage

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 July 23 closing price of $24.32

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn4YZy8ya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)