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FIRST FINANCIAL BANCORP (FFBC) Stock Fundamental Analysis

NASDAQ:FFBC - Nasdaq - US3202091092 - Common Stock - Currency: USD

25.45  -0.04 (-0.16%)

After market: 25.45 0 (0%)

Fundamental Rating

4

Overall FFBC gets a fundamental rating of 4 out of 10. We evaluated FFBC against 402 industry peers in the Banks industry. FFBC has a medium profitability rating, but doesn't score so well on its financial health evaluation. FFBC is valued correctly, but it does not seem to be growing. FFBC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year FFBC was profitable.
In the past year FFBC had a positive cash flow from operations.
In the past 5 years FFBC has always been profitable.
In the past 5 years FFBC always reported a positive cash flow from operatings.
FFBC Yearly Net Income VS EBIT VS OCF VS FCFFFBC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

FFBC's Return On Assets of 1.23% is amongst the best of the industry. FFBC outperforms 80.60% of its industry peers.
The Return On Equity of FFBC (9.39%) is better than 62.19% of its industry peers.
Industry RankSector Rank
ROA 1.23%
ROE 9.39%
ROIC N/A
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
ROIC(3y)N/A
ROIC(5y)N/A
FFBC Yearly ROA, ROE, ROICFFBC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a decent Profit Margin value of 27.39%, FFBC is doing good in the industry, outperforming 72.64% of the companies in the same industry.
FFBC's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FFBC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.39%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
FFBC Yearly Profit, Operating, Gross MarginsFFBC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

FFBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FFBC has been increased compared to 1 year ago.
FFBC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FFBC has been reduced compared to a year ago.
FFBC Yearly Shares OutstandingFFBC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
FFBC Yearly Total Debt VS Total AssetsFFBC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

The Debt to FCF ratio of FFBC is 1.98, which is an excellent value as it means it would take FFBC, only 1.98 years of fcf income to pay off all of its debts.
FFBC has a Debt to FCF ratio (1.98) which is comparable to the rest of the industry.
FFBC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
FFBC has a Debt to Equity ratio of 0.20. This is comparable to the rest of the industry: FFBC outperforms 50.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.98
Altman-Z N/A
ROIC/WACCN/A
WACC15.11%
FFBC Yearly LT Debt VS Equity VS FCFFFBC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FFBC Yearly Current Assets VS Current LiabilitesFFBC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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3

3. Growth

3.1 Past

The earnings per share for FFBC have decreased strongly by -11.76% in the last year.
The Earnings Per Share has been growing slightly by 2.32% on average over the past years.
FFBC shows a decrease in Revenue. In the last year, the revenue decreased by -0.55%.
Measured over the past years, FFBC shows a small growth in Revenue. The Revenue has been growing by 6.30% on average per year.
EPS 1Y (TTM)-11.76%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%13.33%
Revenue 1Y (TTM)-0.55%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%11.7%

3.2 Future

FFBC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.95% yearly.
FFBC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.58% yearly.
EPS Next Y11.01%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.68%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FFBC Yearly Revenue VS EstimatesFFBC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
FFBC Yearly EPS VS EstimatesFFBC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.60, which indicates a very decent valuation of FFBC.
FFBC's Price/Earnings ratio is a bit cheaper when compared to the industry. FFBC is cheaper than 72.39% of the companies in the same industry.
FFBC is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.55, the valuation of FFBC can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FFBC indicates a somewhat cheap valuation: FFBC is cheaper than 71.89% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, FFBC is valued rather cheaply.
Industry RankSector Rank
PE 10.6
Fwd PE 9.55
FFBC Price Earnings VS Forward Price EarningsFFBC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of FFBC indicates a somewhat cheap valuation: FFBC is cheaper than 63.93% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.07
EV/EBITDA N/A
FFBC Per share dataFFBC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

FFBC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.96
PEG (5Y)4.57
EPS Next 2Y7.95%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

FFBC has a Yearly Dividend Yield of 3.77%. Purely for dividend investing, there may be better candidates out there.
FFBC's Dividend Yield is a higher than the industry average which is at 3.37.
Compared to an average S&P500 Dividend Yield of 2.33, FFBC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.77%

5.2 History

The dividend of FFBC has a limited annual growth rate of 0.66%.
FFBC has been paying a dividend for at least 10 years, so it has a reliable track record.
FFBC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.66%
Div Incr Years1
Div Non Decr Years10
FFBC Yearly Dividends per shareFFBC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

FFBC pays out 39.13% of its income as dividend. This is a sustainable payout ratio.
FFBC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.13%
EPS Next 2Y7.95%
EPS Next 3YN/A
FFBC Yearly Income VS Free CF VS DividendFFBC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FFBC Dividend Payout.FFBC Dividend Payout, showing the Payout Ratio.FFBC Dividend Payout.PayoutRetained Earnings

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FIRST FINANCIAL BANCORP

NASDAQ:FFBC (3/7/2025, 8:25:18 PM)

After market: 25.45 0 (0%)

25.45

-0.04 (-0.16%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23 2025-01-23/amc
Earnings (Next)04-23 2025-04-23/amc
Inst Owners81.68%
Inst Owner Change2.7%
Ins Owners0.96%
Ins Owner Change1.21%
Market Cap2.43B
Analysts76.36
Price Target32.13 (26.25%)
Short Float %1.24%
Short Ratio2.72
Dividend
Industry RankSector Rank
Dividend Yield 3.77%
Yearly Dividend0.94
Dividend Growth(5Y)0.66%
DP39.13%
Div Incr Years1
Div Non Decr Years10
Ex-Date03-03 2025-03-03 (0.24)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-8.15%
Min EPS beat(2)-18.55%
Max EPS beat(2)2.25%
EPS beat(4)2
Avg EPS beat(4)-5.53%
Min EPS beat(4)-18.55%
Max EPS beat(4)6.35%
EPS beat(8)4
Avg EPS beat(8)-2.97%
EPS beat(12)6
Avg EPS beat(12)-1.47%
EPS beat(16)9
Avg EPS beat(16)-1.2%
Revenue beat(2)1
Avg Revenue beat(2)-3.15%
Min Revenue beat(2)-7.91%
Max Revenue beat(2)1.61%
Revenue beat(4)2
Avg Revenue beat(4)-2.18%
Min Revenue beat(4)-7.91%
Max Revenue beat(4)2.39%
Revenue beat(8)3
Avg Revenue beat(8)-1.72%
Revenue beat(12)5
Avg Revenue beat(12)-1.04%
Revenue beat(16)6
Avg Revenue beat(16)-1.01%
PT rev (1m)0%
PT rev (3m)11.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.01%
EPS NY rev (1m)0%
EPS NY rev (3m)6.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.23%
Valuation
Industry RankSector Rank
PE 10.6
Fwd PE 9.55
P/S 2.91
P/FCF 10.07
P/OCF 9.26
P/B 1
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)2.4
EY9.43%
EPS(NY)2.66
Fwd EY10.47%
FCF(TTM)2.53
FCFY9.93%
OCF(TTM)2.75
OCFY10.8%
SpS8.76
BVpS25.55
TBVpS14.16
PEG (NY)0.96
PEG (5Y)4.57
Profitability
Industry RankSector Rank
ROA 1.23%
ROE 9.39%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.39%
GM N/A
FCFM 28.85%
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.98
Debt/EBITDA N/A
Cap/Depr 69.5%
Cap/Sales 2.52%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 105.35%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC15.11%
ROIC/WACCN/A
Cap/Depr(3y)64.7%
Cap/Depr(5y)58.27%
Cap/Sales(3y)2.45%
Cap/Sales(5y)2.47%
Profit Quality(3y)124.06%
Profit Quality(5y)123%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.76%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%13.33%
EPS Next Y11.01%
EPS Next 2Y7.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.55%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%11.7%
Revenue Next Year4.68%
Revenue Next 2Y4.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-47.91%
FCF growth 3Y-13.71%
FCF growth 5Y7.83%
OCF growth 1Y-46.17%
OCF growth 3Y-12.44%
OCF growth 5Y7.07%