First Financial Bancorp Announces Third Quarter 2020 Financial Results

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First Financial Bancorp (FFBC) Tops Q3 EPS by 7c

October 22, 2020 4:20 PM EDT

First Financial Bancorp (NASDAQ: FFBC) reported Q3 EPS of $0.44, $0.07 better than the analyst estimate of $0.37.

Earnings per diluted share of $0.42; $0.44 on an adjusted(1) basisReturn on average assets of 1.04%; 1.09% as adjusted(1) Record core fee income driven by $18.6 million of mortgage banking and $10.5 million of foreign exchange incomeProvision for credit losses of $13.4 million; 34% reduction from second quarter

Archie Brown, President and Chief Executive Officer, remarked, "We are pleased with our strong third quarter operating results while maintaining focus on three important pandemic related priorities: maintaining the health and safety of... More