First Financial Bancorp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 18, 2018 at 09:15 pm
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First Financial Bancorp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of USD 88,538,000 against USD 78,647,000 a year ago. Net interest income was USD 75,614,000 against USD 70,166,000 a year ago. Income before income taxes was USD 11,303,000 against loss before tax of USD 66,900 a year ago. Net income was USD 24,811,000 against 23,294,000 a year ago. Net earnings per basic and diluted share were USD 0.4 against 0.38 a year ago. Return on average assets was 1.13% against 1.11% a year ago. Return on average shareholders equity was 10.70% against 10.73% a year ago.
For the full year, the company reported total interest income of USD 333,073,000 against USD 305,950,000 a year ago. Net interest income was USD 283,545,000 against USD 272,671,000 a year ago. Income before income taxes was USD 116,163,000 against loss before tax of USD 130,731,000 a year ago. Net income was USD 96,787,000 against 88,526,000 a year ago. Net earnings per basic share were USD 1.57 against USD 1.45 a year ago. Net earnings per diluted share were USD 1.57 against USD 1.43 a year ago. Return on average assets was 1.12% against 1.07% a year ago. Return on average shareholders equity was 10.78% against 10.48% a year ago.
First Financial Bancorp. is a mid-sized, regional bank holding company. The Company is engaged in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank (the Bank). The Company provides a range of banking services to individuals and businesses, including commercial lending, real estate lending and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower, which may either be residential property (one to four family residential housing units) or commercial property (owner-occupied and/or investor income producing real estate). In addition, the Company offers deposit products that include interest-bearing and noninterest-bearing accounts, time deposits and cash management services for commercial customers. It also provides a full range of trust and wealth management services through First Financials Wealth Management line of business.
FIRST FINANCIAL BANCORP. 
