First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — Investor Presentation (December 2025)
49 slides from First Financial Bancorp's investor presentation, Dec 11, 2025
Slide 1: Investor Presentation Third Quarter 2025
investor presentation • Third Quarter 2025 Exhibit 99.1
Slide 2: Forward looking statements disclosure
forward looking statements disclosure 2 Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “ex
Slide 3: Forward looking statements disclosure
forward looking statements disclosure 3 • financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services
Slide 4: Presentation contents
About First Financial Bancorp Acquisitions Financial Performance Appendix presentation contents 4
Slide 5: Our franchise
our franchise Commercial C&I, O-CRE, Treasury, ABL, ESOP, Equipment Finance, Bannockburn Global Forex Retail Banking Consumer, Small Business Mortgage Banking NASDAQ: FFBC Headquarters: Cincinnati, Ohio Founded: 1863 Banking Centers: 1271 Employees: 1,9861 Market Cap (9/30/25): $2.4B Dividend Yield
Slide 6: Key investment highlights
key investment highlights ✓ Proven & sustainable business model for more than 160 years o Conservative operating philosophy with 140 consecutive quarters of profitability o Well managed through past credit cycles ✓ Premier Midwest franchise with top quartile profitability o Top quartile ROA, ROATCE,
Slide 7: A long history of growth
a long history of growth 7 $18.6B $6.4B $7.2B $8.1B $8.4B $8.9B $14.0B $14.5B $16.0B $16.3B $17.0B $17.5B $18.6B $22.1B 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q3'25 Total Assets ($B) 2014 First Financial acquires Insight Bank, First Bexley Bank and The Guernsey Bank (Combined as
Slide 8: A top quartile performer
KRX Constituents FFBC Bottom Top Q3 Quartile Median Quartile Actual ROAA 1.03% 1.25% 1.44% 1.54% ROATCE 13.3% 14.9% 16.9% 19.1% Net Interest Margin 3.25% 3.47% 3.80% 4.02% Noninterest Income / Net Revenue 13.6% 18.1% 22.1% 31.4% Loans + HTM / Deposits 97% 92% 86% 82% Cash + AFS Securities / Assets 1
Slide 9: Consistent best-in-class earnings
consistent best-in-class earnings 9 1 KRX calculated as the top quartile or median of the current 50 KRX constituents. Source: S&P Capital IQ Pro. All data calculated as of or for the period ending 6/30/25 for comparability purposes. Return on Tangible Common EquityReturn on Average Assets Earnings
Slide 10: Key company brands
key company brands Full suite of diversified financial products for individuals and businesses $18.6 Billion Assets $14.4 Billion Deposits Diversified financial holding company with comprehensive and innovative solutions for individuals and businesses Wealth & asset management services for individua
Slide 11: Complementary market centric strategies
Note: Financial data as of 9/30/25. Greater Cincinnati/Dayton loan and deposit balances include large public fund relationships, special assets, loan marks, and other out of market and corporately held balances. complementary market centric strategies Loans $3.4B / Deposits $2.3B Loans $1.9B / Depos
Slide 12: Diversified lines of business
The number of Trust & Investments and RPS relationships are updated as of 9/30/22. All other data as of 12/31/22. diversified lines of business 12 Note: Data as of 9/30/25 and excludes the impact of Westfield Bancorp and BankFinancial acquisitions.
Slide 13: Revenue growth strategies
revenue growth strategies Distribution Technology Talent Product & Pricing • Regional pricing strategy • Treasury Management product investments • Investments in Product Management DefinedModels Enterprise Data Management • Investment in data warehouse • Enabling data as a strategic asset • Connecti
Slide 14: Presentation contents
About First Financial Bancorp Acquisitions Financial Performance Appendix presentation contents 14
Slide 15: Overview of Westfield Bancorp
15 overview of Westfield Bancorp Westfield Bank Lines of Business • Commercial Banking / Treasury Management • Agency Banking and Premium Finance • Registered Investment Advisor Banking • Consumer - Retail • Consumer - Mortgage • Private Banking 3.23% YTD NIM $2.1B in assets Consolidated Financial H
Slide 16: Transaction highlights
16 transaction highlights Strategically Compelling • Accelerates entry into Northeast Ohio. • Provides attractive deposit base, branch network and commercial client base in a market with limited acquisition targets. • Adds talented staff in Retail, Commercial, Mortgage and Private Banking. • Adds ta
Slide 17: Key transaction assumptions Westfield Bancorp
key transaction assumptions Westfield Bancorp 17 Earnings, Synergies and Cost Savings • Net income for FFBC based on consensus analyst estimates • Net income for Westfield Bancorp based on FFBC management estimates • Cost savings of ~40% of Westfield Bancorp’s noninterest expense base (75% realized
Slide 18: Overview of BankFinancial
18 overview of BankFinancial Key franchise highlights Financial summary Balance Sheet & Capital (As of 3Q’25 Unless Otherwise Stated, %) Cash & Securities / Assets 43 Loan / Deposit Ratio 62 Non-Time Deposit Composition 79 TCE / TA 10.8 CET1 Ratio 21.1 NCOs / Avg. Loans (MRQ, annualized) 0.05 Profit
Slide 19: Transaction highlights
19 transaction highlights ✓ Expected enhanced pro forma earnings per share ✓ Expected robust pro forma profitability ✓ Acquisition of a low cost, granular core deposit franchise with $1.5Bn of assets and +100 year presence in Chicago market ✓ Complementary to existing Northwest Indiana presence, Chi
Slide 20: Key transaction assumptions BankFinancial
key transaction assumptions BankFinancial 20 Key Merger Assumptions Fair Value Adjustments Other • Cost Savings – Approximately 45% of BankFinancial’s annual operating expense ‒ 75% phase-in during 2026 and 100% in 2027 and thereafter • One-Time Merger Expenses – $25 million pre-tax; fully reflected
Slide 21: Pro forma loan & deposit composition
21 pro forma loan & deposit composition Pro Forma Lo an s D ep os its CLD 6% Resi. 21% OO CRE 9% NOO CRE 17% Multifam. 8% C&I 27% Consumer 1% Other 11% CLD 4% Resi. 28% OO CRE 12% NOO CRE 9% Multifam. 3% C&I 35% Consumer 6% Other 3% CLD 0% Resi. 2% OO CRE 2% NOO CRE 11% Multifam. 63% C&I 22% Consume
Slide 22: Presentation contents
About First Financial Bancorp Acquisitions Financial Performance Appendix presentation contents 22
Slide 23: 3Q 2025 results
3Q 2025 results 140th Consecutive Quarter of Profitability 23 • EOP assets decreased $79.7 million compared to the linked quarter to $18.6 billion • EOP loans decreased $71.6 million compared to the linked quarter to $11.7 billion • Average deposits increased $157.2 million compared to the linked qu
Slide 24: 3Q 2025 highlights
3Q 2025 highlights • Strong quarterly earnings driven by robust net interest margin and record noninterest income • Adjusted1 earnings per share – $0.76 • Adjusted1 return on assets – 1.55% • Adjusted1 pre-tax, pre-provision return on assets – 2.15% • Adjusted1 return on average tangible common equi
Slide 25: 3Q 2025 highlights
3Q 2025 highlights • Adjusted1 noninterest expense of $133.3 million; 4.5% increase from second quarter • Third quarter adjustments1 include $0.8 million of efficiency and acquisition related costs • Increase driven by incentive compensation tied to record fee income • Efficiency ratio of 57.4%; 57.
Slide 26: Adjusted net income
adjusted net income1 26 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands, except per share amounts The table below lists certain adjustments that t
Slide 27: Profitability
profitability 27 Return on Average Assets Return on Avg Tangible Common Equity Diluted EPS 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. 1 $0.75$0.73 $0.54 $0.68 $0.55 $0.76 $0
Slide 28: Net interest income & margin
net interest income & margin 28 3Q25 NIM (FTE) Progression Net Interest Income All dollars shown in millions $154.9$153.8 $145.6$149.2$151.0 $5.1$4.0 $3.1 $4.7$3.8 $160.5 $158.3 $149.3 $154.4$155.6 3Q252Q251Q254Q243Q24 Basic NII Loan Fees 3.89%3.95% 3.80%3.82% 3.98% 0.13%0.10% 0.08%0.12% 0.10% 4.02%
Slide 29: Noninterest income
noninterest income 29 Noninterest Income 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. 3Q25 Highlights • Adjusted1 noninterest income 31% of net revenue • Foreign exchange inc
Slide 30: Noninterest expense
noninterest expense 30 Noninterest Expense 3Q25 Highlights 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in millions • Adjusted1 noninterest expense increase
Slide 31: Average balance sheet
average balance sheet 31 Average Securities All dollars shown in millions 1 Includes loans fees and loan accretion Average Deposits Average Loans $3,552$3,479$3,412$3,373$3,274 4.31% 4.44% 4.35% 4.28% 4.24% 3Q252Q251Q254Q243Q24 Investment Securities Investment Securities Yield $11,806$11,793$11,725$
Slide 32: Deposits
deposits 32 Deposit Product Mix (Avg) 3Q25 Average Deposit Progression All dollars shown in millions Total growth/(decline): $157.2 million Noninterest- bearing $3,002 21% Interest-bearing demand $1,786 12% Savings $994 7% Money Market $3,337 23% Retail CDs $1,968 13% Brokered Deposits $1,416 10% Pu
Slide 33: Average deposit trends
average deposit trends 33 All dollars shown in millions Business Public Funds Personal Uninsured Deposits $6,684$6,696$6,665$6,520$6,330 3Q252Q251Q254Q243Q24 $4,307$4,163$4,190$4,207$3,974 3Q252Q251Q254Q243Q24 $2,009$2,151$2,066$2,129 $1,937 3Q252Q251Q254Q243Q24 Uninsured deposits (per call report i
Slide 34: Deposit concentrations
NAICS Sector 9/30/25 % of Total Deposits Manufacturing $721.7 4.9% Finance and Insurance 609.0 4.2% Real Estate and Rental and Leasing 504.3 3.5% Construction 394.4 2.7% Professional, Scientific, and Technical Services 388.4 2.7% Other Services (except Public Administration) 293.9 2.0% Health Care a
Slide 35: Borrowing capacity & cash/investment liquidity
35 Borrowing Capacity • Interest-bearing deposits with other banks of $565 million • Investment securities portfolio: • 98.0% of investment portfolio classified as available-for-sale • $727.6 million of expected cash flow from securities portfolio in next 12 months • $343.1 million of floating rate
Slide 36: Loan portfolio
loan portfolio 36 Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) All dollars shown in millions Total growth/(decline): ($71.6) million ICRE $3,583 31% Commercial & Small Business Banking $3,490 30% Oak Street $733 6% Summit $959 8% Agile $254 2% Consumer $1,090 9% Mortgage $1,606 14% Total
Slide 37: Loan concentrations
loan concentrations 37 C&I and Owner Occupied CRE Loans by Sector1 Investor CRE Loans by Property Type All dollars shown in millions 1 Excludes Agile Premium Finance NAICS Sector 9/30/25 % of Total Loans Finance and Insurance $1,134.4 9.7% Manufacturing 539.6 4.6% Construction 379.1 3.2% Real Estate
Slide 38: Allowance for credit losses
allowance for credit losses 38 3Q25 Highlights All dollars shown in millions • $179.5 million combined ACL; $9.1 million combined provision expense • $161.9 million ACL – loans and leases; 1.38% of loan balances • Utilized Moody’s September baseline forecast in quantitative model • $17.6 million ACL
Slide 39: Asset quality
asset quality 39 Classified Assets / Total Assets . 1 Provision includes both loans & leases and unfunded commitments All dollars shown in millions Nonperforming Assets / Total Assets Net Charge Offs & Provision Expense1 $218.8$214.3$213.4 $224.1 $206.2 1.18%1.15%1.16% 1.21% 1.14% 3Q252Q251Q254Q243Q
Slide 40: Capital
capital 40 Tangible Common Equity Ratio 9/30 Risk Weighted Assets = $14,166,935 All capital numbers are considered preliminary. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. Ad
Slide 41: Capital strategy
capital strategy 41 Strategy & DeploymentTangible Book Value Per Share • 4.0% annualized dividend yield as of September 30th • 33% of 3Q25 earnings returned to shareholders through common dividend • Most recent internal stress testing indicates capital ratios above regulatory minimums in all modeled
Slide 42: Outlook commentary
outlook commentary1 • Loan balances expected to increase mid single digits on an annualized basis, excluding Westfield • Core deposit balances expected to increase, with a seasonal increase in public funds expected • $2.0 billion of earning assets expected in Westfield acquisition 42 • Total noninte
Slide 43: Presentation contents
About First Financial Bancorp Acquisitions Financial Performance Appendix presentation contents 43
Slide 44: Appendix: our markets
appendix: our markets • Greater Cincinnati/Dayton • Loans $4.5 billion • Deposits $7.7 billion • Deposit Market Share #4 (3.4%) • Banking Centers 46 • Fortune 500 Companies 7 • Indianapolis • Loans $1.1 billion • Deposits $0.5 billion • Deposit Market Share #14 (1.2%) • Banking Centers 7 • Fortune 5
Slide 45: Non-GAAP financial information note
The Company’s Investor Presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial information should be considered supplemental to, and not as a substitute for,
Slide 46: Appendix: non-GAAP to GAAP reconciliation
appendix: non-GAAP to GAAP reconciliation 46 All dollars shown in thousands Net interest income and net interest margin - fully tax equivalent Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, 2025 2025 2025 2024 2024 Net interest income 160,486$ 158,269$ 149,296$ 154,399$ 155,560$ Tax equivalent adjustm
Slide 47: Appendix: non-GAAP to GAAP reconciliation
appendix: non-GAAP to GAAP reconciliation 47 All dollars shown in thousands Additional non-GAAP ratios Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, (Dollars in thousands, except per share data) 2025 2025 2025 2024 2024 Net income (a) 71,923$ 69,996$ 51,293$ 64,885$ 52,451$ Average total shareholders
Slide 48: Appendix: non-GAAP to GAAP reconciliation
appendix: non-GAAP to GAAP reconciliation 48 All dollars shown in thousands Additional non-GAAP measures 1Q25 4Q24 As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) 160,486$ 160,486$ 158,269$ 158,269$ 149,296$ 149,296$ 154,399$ 154,399$ Provi
Slide 49: First Financial Bancorp
49 First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202
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