First Financial Bancorp. (NASDAQ:FFBC) is set to announce third quarter earning results on Thursday 22nd October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FFBC to report 3Q20 income of $ 0.37 per share.
For the full year, analysts anticipate top line of $ 621.48 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
First Financial Bancorp. came out with income for the second quarter of $ 0.40 per share, from the revenue of $ 154.30 million. The quarterly earnings contracted 31.03 percent while revenues shrunk 1.68 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.25 per share from $ 147.06 million in revenue. The bottom line results beat street analysts by $ 0.15 or 60.00 percent, at the same time, top line results outshined analysts by $ 7.24 million or 4.92 percent.
Stock Performance
Shares of First Financial Bancorp. traded up $ 0.14 or 0.98 percent on Wednesday, reaching $ 13.85 with volume of 224.40 thousand shares. First Financial Bancorp. has traded high as $ 13.90 and has cracked $ 13.61 on the downward trend
The closing price of $ 13.85, representing a 26.69 % increase from the 52 week low of $ 10.83 and a 47.61 % decrease over the 52 week high of $ 26.19.
The company has a market capital of $ 1.36 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 13.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.23 per share on July 28, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
First Financial Bancorp. will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bankatfirst.com
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers.
