First Financial Bancorp (First Financial Bancorp) Financial Strength : 4 (As of Dec. 2023)

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What is First Financial Bancorp Financial Strength?

First Financial Bancorp has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate First Financial Bancorp's interest coverage with the available data. First Financial Bancorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.60. Altman Z-Score does not apply to banks and insurance companies.

First Financial Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

First Financial Bancorp's Interest Expense for the months ended in Dec. 2023 was $-84.7 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $344.1 Mil.

First Financial Bancorp's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

First Financial Bancorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(937.814	+	344.115)	/	803.032
	=	1.60

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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:FFBC) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

First Financial Bancorp has the Financial Strength Rank of 4.

First Financial Bancorp Financial Strength Related Terms

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First Financial Bancorp (First Financial Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Bancorp (NAS:FFBC) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

FI5:Germany

Address

225 Pictoria Dr., Suite 700, Cincinnati, OH, USA, 45246

Website

https://www.bankatfirst.com

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.

Executives

William G Barron	director	255 E FIFTH STREET, CINCINNATI OH 45202
Richard S Dennen	officer: President, Oak Street Funding	255 E FIFTH STREET, CINCINNATI OH 45202
Andre T Porter	director	255 E FIFTH STREET, CINCINNATI OH 45202
Dawn C Morris	director	255 E. FIFTH STREET, CINCINNATI OH 45202
Claude E Davis	director, officer: President & CEO	255 E FIFTH STREET, CINCINNATI OH 45202
Gary W Warzala	director	255 E FIFTH STREET, CINCINNATI OH 45202
Brown Archie M Jr	director, officer: Chief Executive Officer	255 E FIFTH STREET, CINCINNATI OH 45202
Vince Berta	director	255 E FIFTH STREET, CINCINNATI OH 45202
First Financial Bancorp /oh/	officer: President, Wealth Management	255 EAST FIFTH STREET, SUITE 800, CINCINNATI OH 45202
Maribeth S Rahe	director	255 E FIFTH STREET, CINCINNATI OH 45202
Purkrabek Knust Susan L	director	255 E FIFTH STREET, CINCINNATI OH 45202
J Wickliffe Ach	director	300 HIGH STREET, HAMILTON OH 45011
Thomas Murray Obrien	director	255 E FIFTH STREET, CINCINNATI OH 45202
Cynthia O Booth	director	255 E. FIFTH STREET, CINCINNATI OH 45202
John T Neighbours	director	255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202