First Financial Bancorp reports results for the quarter ended March 31 - Earnings Summary

• First Financial Bancorp FFBC.OQ reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of five analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 60 cents to 65 cents per share.

• Revenue rose 2.6% to $200.38 million from a year ago; analysts expected $215.03 million.

• First Financial Bancorp's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $51.29 million.

• First Financial Bancorp shares had fallen by 4.6% this quarter and lost 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for First Financial Bancorp is $31.00

This summary was machine generated from LSEG data April 24 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)