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First Financial Bancorp (First Financial Bancorp) Scaled Net Operating Assets : -0.02 (As of Mar. 2024)


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What is First Financial Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Bancorp's operating assets for the quarter that ended in Mar. 2024 was $13,797.9 Mil. First Financial Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $14,106.9 Mil. First Financial Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $17,532.9 Mil. Therefore, First Financial Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.02.

First Financial Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(16526.881-13982.997)/17003.316
=0.15

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=17532.9 - 1006.019
=16526.881

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15264.926 - 344.115 - 937.814
=13982.997

First Financial Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(13797.874-14106.854)/17532.9
=-0.02

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=17599.238 - 3801.364
=13797.874

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15312.235 - 343.236 - 862.145
=14106.854

* 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 Scaled Net Operating Assets 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 » Scaled Net Operating Assets
Comparable Companies
PRK PPBI SFNC INDB BKU WAFD INTR TOWN CVBF EBC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
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