First Financial Bancorp. (NASDAQ:FFBC) spotted trading -13.10% off 52-week high price. On the other end, the stock has been noted 12.57% away from the low price over the last 52-weeks. The stock changed 0.47% to recent value of $24.84. The stock transacted 713994 shares during most recent day however it has an average volume of 349.98K shares. The company has 97.83M of outstanding shares and 97.31M shares were floated in the market.
On Jan. 24, 2020, First Financial Bancorp. (NASDAQ:FFBC) reported financial results for the fourth quarter 2019.
For the three months ended December 31, 2019, the Company reported net income of $48.7 million, or $0.49 per diluted common share. These results compare to net income of $50.9 million, or $0.51 per diluted common share, for the third quarter of 2019 and $55.0 million, or $0.56 per diluted common share, for the fourth quarter of 2018. For the twelve months ended December 31, 2019, First Financial had earnings per diluted common share of $2.00 compared to $1.93 for the same period in 2018.
Return on average assets for the fourth quarter of 2019 was 1.34% while return on average tangible common equity was 15.84%. These compare to returns on average assets of 1.41% and 1.59%, and returns on average tangible common equity of 16.15% and 19.63%, in the third quarter of 2019 and the fourth quarter of 2018, respectively.
Fourth quarter 2019 highlights include:
- After adjustments(1) for merger-related and nonrecurring items:
o Net income of $0.52 per diluted common share
o 1.41% return on average assets; 16.73% return on average tangible common equity
- Adjustments to net income include:
o $0.7 million of severance and other merger related costs
o $2.9 million historic tax credit investment write-down; offset by impact to income taxes
o $1.7 million of other nonrecurring costs such as branch consolidation costs
o $0.7 million of taxes on merger-related executive compensation
Its earnings per share (EPS) expected to touch remained 35.20% for this year while earning per share for the next 5-years is expected to reach at 10.00%. FFBC has an operating margin of 75.00% while its profit margin remained 33.30% for the last 12 months.
The price moved ahead of -1.47% from the mean of 20 days, 0.08% from mean of 50 days SMA and performed 2.55% from mean of 200 days price. Company’s performance for the week was 0.04%, -4.30% for month and YTD performance remained -2.34%.
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Address: 467 Sheppard Ave, Toronto, Ontario
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Phone Number – 416-297-6327