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First Financial Bancorp (First Financial Bancorp) Net Margin % : 25.96% (As of Mar. 2024)


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What is First Financial Bancorp Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. First Financial Bancorp's Net Income for the three months ended in Mar. 2024 was $50.69 Mil. First Financial Bancorp's Revenue for the three months ended in Mar. 2024 was $195.25 Mil. Therefore, First Financial Bancorp's net margin for the quarter that ended in Mar. 2024 was 25.96%.

The historical rank and industry rank for First Financial Bancorp's Net Margin % or its related term are showing as below:

FFBCW' s Net Margin % Range Over the Past 10 Years
Min: 22.24   Med: 28.68   Max: 32.9
Current: 28.78


FFBCW's Net Margin % is ranked better than
61.58% of 1468 companies
in the Banks industry
Industry Median: 25.265 vs FFBCW: 28.78

First Financial Bancorp Net Margin % Historical Data

The historical data trend for First Financial Bancorp's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Financial Bancorp Net Margin % Chart

First Financial Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.17 24.13 32.90 30.70 30.45

First Financial Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.77 30.90 29.73 28.26 25.96

Competitive Comparison of First Financial Bancorp's Net Margin %

For the Banks - Regional subindustry, First Financial Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Financial Bancorp's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Financial Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where First Financial Bancorp's Net Margin % falls into.



First Financial Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

First Financial Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=255.863/840.192
=30.45 %

First Financial Bancorp's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=50.689/195.252
=25.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Financial Bancorp  (NAS:FFBCW) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


First Financial Bancorp Net Margin % Related Terms

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First Financial Bancorp (First Financial Bancorp) Business Description

Traded in Other Exchanges
Address
225 Pictoria Dr., Suite 700, Cincinnati, OH, USA, 45246
First Financial Bancorp is a mid-sized, regional bank holding company. It operates through its wholly-owned subsidiary, First Financial Bank, and provides banking and financial services products through its six lines of business Commercial, Retail Banking, Mortgage Banking, Wealth Management, Investment Commercial Real Estate, and Commercial Finance. First Financial utilizes a community banking business model and serves a combination of metropolitan and non-metropolitan markets through full-service banking centers around Indiana, Ohio, and Kentucky. The primary component of its loan portfolio is commercial real estate loans, followed by commercial and industrial loans. A majority of First Financial's net revenue is net interest income.