10-K · February 19, 2026
First Financial Bancorp expanded scale in 2025 through multiple acquisitions (Westfield on Nov 1, 2025 for $324.4M and Agile in 2024 for $96.9M) while posting higher revenue, margins and cash generation in 2025.…
Earnings analysis · 10-Q
FFBC earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
First Financial Bancorp reported a strong Q1 2026 with record revenue of $271.5 million, up 3.7% from the prior quarter and 2.2% year-over-year. EPS of $0.77 exceeded consensus estimates of $0.69, reflecting the…
Read full summary
First Financial Bancorp reported a strong Q1 2026 with record revenue of $271.5 million, up 3.7% from the prior quarter and 2.2% year-over-year. EPS of $0.77 exceeded consensus estimates of $0.69, reflecting the company's robust loan growth and stable net interest margins despite some headwinds from acquisition costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.77
What stood out
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Record Q1 2026 Revenue
Revenue reached $271.516 million, surpassing both last quarter ($258.972 million) and year-ago results ($265.3 million).
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Earnings Beat Expectations
Diluted EPS was $0.77, above the expected $0.69, representing an EPS increase from $0.73 in Q4 2025.
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Strong Operating Margins
Operating margin improved to 28.0%, consistent with the previous quarter's 28.0% and higher than prior year margins.
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Strong Fee Income Contribution
Management cited strong fee income as a key driver, contributing positively to growth amidst elevated costs.
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Stable Net Interest Margin
The net interest margin was reported at 3.99%, indicating stability in loan profitability.
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Strong Free Cash Flow
Free cash flow for the quarter was $52 million, signifying healthy cash generation.
What to watch
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Acquisition-Related Expenses
Continued costs associated with acquisitions could impact margin sustainability.
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Increased Charge-Off Rates
Annualized net charge-offs were reported at 35 bps, indicating potential asset quality risks.
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Market Uncertainties
Economic headwinds related to inflation and geopolitical factors may pose challenges.
Management's outlook
Management expects loan growth trends to remain stable, consistent with previous guidance, while indicating no numeric forward guidance.
Earlier filings 4
10-Q · November 4, 2025
First Financial reported Q3 2025 revenue of $234,011,000 (sum of net interest income $160,486,000 and noninterest income $73,525,000), up $32,750,000 (16.3%) versus Q3 2024. Diluted EPS rose to $0.75 from $0.55 a year…
10-Q · August 7, 2025
First Financial reported a stronger quarter: total revenue (net interest income plus noninterest income) of $226,332,000 and diluted EPS of $0.73 for Q2 2025, up versus Q2 2024. Net income rose to $69,996,000 and…
10-Q · May 9, 2025
First Financial reported quarter-over-quarter revenue (net interest income plus noninterest income) of $200,379,000 and net income of $51,293,000 for the three months ended March 31, 2025. Revenue rose modestly vs. the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.