First Financial Bancorp. (FFBC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Financial Bancorp.

NasdaqGS•Financial Services•Banks - Regional

$32.09-0.03(<0.01%)Market closed

Market Cap

$3.34B

P/E

11.7x

P/S

2.4x

P/B

1.1x

First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and banking-related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company offers checking and savings accounts; and accepts various deposit products, such as interest-bearing and non-interest-bearing accounts, time deposits, and cash management services for retail and commercial customers. It also provides real estate loans secured by residential property, such as one to four family residential housing units or commercial property comprising owner-occupied and/or investor income producing real estate consisting of apartments, shopping centers, and office buildings; commercial and industrial loans for various purposes, including inventory, receivables, and equipment, as well as equipment and leasehold improvement financing for franchisees; consumer loans, such as new and used vehicle loans, second mortgages on residential real estate and unsecured loans; and home equity lines of credit. In addition, the company offers secured commercial financing services to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. Further, it provides a range of trust and wealth management services, lease and equipment financing services, currency payments, foreign exchange hedging, commodities hedging, and other advisory products. First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.

How this company scores

WeakMetricSide Score: 74/100

Grade capped at D — Interest coverage below 1× (0.2x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability15/25

Growth20/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

Grade capped at D

Interest coverage below 1× (0.2x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.7x5y range 6.9x – 11.7x

Currently near its 20-quarter median.

P/S · 2.4x5y range 1.7x – 3.4x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.9x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Share Dilution

Red Flag

Shares outstanding increased 10.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $3.34B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.37B
Q. Revenue: $354.71M
TTM EBITDA: $106.62M
TTM Op. Income: $63.82M
Q. Op. Income: $20.64M
TTM Net Income: $285.22M
Q. Net Income: $76.46M
EPS: $0.74
Shares Out.: $103.94M

$1.37B in TTM revenue grew 11.6% YoY, reaching $354.71M last quarter. TTM EBITDA of $106.62M and TTM operating income of $63.82M show growth is flowing through to the bottom line. TTM net income of $285.22M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.3%
Op. Margin: 5.8%
Net Margin: 21.6%

Op. margin of 5.8% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 21.6% Over the past year, operating margin is down 8% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.7x
P/S Ratio: 2.4x
P/B Ratio: 1.1x

At 11.7x P/E, the stock trades below typical market levels. P/S of 2.4x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $22.44B
Cash: $206.36M
Long-Term Debt: $382.55M
Book Value: $2.99B
D/E Ratio: 0.1
Debt/EBITDA: 11.6

With $22.44B in assets and $382.55M in long-term debt, D/E is 0.1and book value is $2.99B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $31.37M
TTM Free Cash Flow: $756.43M
FCF Margin: 55.1%
FCF / Net Income: 2.7

TTM FCF of $756.43M on $31.37M in operating cash flow. The FCF / Net Income ratio of 2.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 182% — a weakening trend.