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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.
First Financial Bancorp. trades on the NASDAQ stock market under the symbol FFBC.
As of March 28, 2024, FFBC stock price climbed to $22.37 with 145,377 million shares trading.
FFBC has a beta of 1.29, meaning it tends to be more sensitive to market movements. FFBC has a correlation of 0.27 to the broad based SPY ETF.
FFBC has a market cap of $2.13 billion. This is considered a Mid Cap stock.
Last quarter First Financial Bancorp. reported $214 million in Revenue and $.62 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.01.
In the last 3 years, FFBC stock traded as high as $26.83 and as low as $17.23.
The top ETF exchange traded funds that FFBC belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
FFBC has underperformed the market in the last year with a return of +3.3%, while the SPY ETF gained +34.0%. In the last 3 month period, FFBC fell short of the market, returning -6.9%, while SPY returned +10.4%. However, in the most recent 2 weeks FFBC has outperformed the stock market by returning +3.3%, while SPY returned +1.9%.
FFBC support price is $21.81 and resistance is $22.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FFBC stock will trade within this expected range on the day.