First Financial Bancorp (FFBC) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
First Financial Bancorp (NASDAQ:FFBC) released its earnings results on Thursday. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06, Bloomberg Earnings reports. First Financial Bancorp had a return on equity of 11.22% and a net margin of 26.49%. During the same period in the prior year, the business posted $0.38 EPS.
First Financial Bancorp (NASDAQ FFBC) traded down $0.40 during trading hours on Thursday, reaching $27.75. 252,136 shares of the company’s stock traded hands, compared to its average volume of 436,200. First Financial Bancorp has a one year low of $22.80 and a one year high of $29.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1,734.58, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, November 30th. First Financial Bancorp’s payout ratio is 43.04%.
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About First Financial Bancorp
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
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