First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — Investor Presentation (March 2010)
36 slides from First Financial Bancorp's investor presentation, Mar 9, 2010
Slide 1: First Financial Bancorp Investor Presentation March 2010
fi RST Exhibit 99. first financial bancorp First Financial Bancorp Investor Presentation March 2010
Slide 2: Forward-Looking Statement Disclosure
fiRST Forward-Looking Statement Disclosure first financial bancorp ‘This presentation shoul be readin conjunction wi he conslate nancia satoments, notes and ables in Fst Financ Bancorp’ most econt Ioan arn 1a hyn ee Baca 5 2008 st as alan Oe pa dose a wah ‘Secures and Exchange Commission (SEC). nthe
Slide 3: Strong operating fundamentals have produced positive results throughout the recession
Strong operating fundamentals . have produced positive results throughout the recessionary period Strong market share in strategic operating markets Low risk balance sheet with significant liquidity sources Capital significantly exceeds “well-capitalized” Solid organic loan and deposit growth Credit
Slide 4: Total Assets $6.7 billion overview
rw . ‘Tota Asses $67 ilon First Financial Bank, N.A. founded in 1863 Lemme mat = ene Trevanng creme, dan. Keay sn ~ Retail Banking Mengan = = Commercial Banking “Taading Saisties ~ Wealth Management asda FFBC ‘Shares Oustanng 5 . Srategie ‘Operating Markets ol Cops: S10 aon? Indiana, Kentucky, Michi
Slide 5: Bank/thrift acquisitions 1989-1999 resulted in multiple charters; restructuring plan
16 bank/thrift acquisitions from 1989 through 1999 resulted in multiple bank charters and brand identities . ilding & Plan in March 2005 ~ Consolidated and streamlined company to establish one charter and one brand identity ~ Restructured credit process ~ Restructured balance sheet ~ Exited non-stra
Slide 6: Selectively Acquiring Strategic Assets
fiRST Selectively Acquiring Strategic Assets first financial bancorp Future = Supplements organic growth strategy in core markets = Transactions met all internal criteria tewin ‘ (FoI) = Core philosophy and strategy remains unchanged september 18, 2008 27 banking coters Banking Centers ‘August 28, 2
Slide 7: Consistent with the company's stated conservative strategy
Consistent with the company’s stated conservative strategy Acquisitions are compelling relative to cost and time to build profitable de novo banking centers Adds banking centers in key areas that will leverage the First Financial brand to increase market share ~ Compliments existing locations and pr
Slide 8: Market Expansion
fiRST first financial bancorp Market Expansion Acquisitions provided market expansion opportunities in key locations ~ Added 39 banking centers in strategic operating markets ~ Solidifies position in key markets and accelerates market expansion strategy by several years 4° largest banking center net
Slide 9: Operating markets
perating mark —Tinargst banking contr networkin inion chase excuded ORE, arquston, development = tern, eer an ort pation poser + FOI es + FDIC aoa * Total pretax Fret nancial portion of stat Ahvetols (20% af 36 alo) grea las thanthe eset acount + complete + Undervay for tecnolgy and operational yste
Slide 10: Integration of Peoples Community Bank acquisition completed
= Integration of Peoples Community Bank acquisition completed — No significant issues — Deposit client retention rates higher than expected = Irwin i i tobe by the end of 1Q-10 = Developed a dedicated covered asset and loss share management team comprised of credit, legal and finance — Process is sc
Slide 11: Top-quartile performance for all stakeholders
= Top-quartile performance for all stakeholders = Sustained and consistent excellence = Commitment to growth = Effective management of all risks ‘Another step on the path fo success 7
Slide 12: Client Intimate Strategy
= Client “Intimate” Strategy ~ Strategic Focus: build long-term relationships with clients by identifying and meeting their financial needs = Target clients — Individuals and small / mid-size private businesses located within the regional markets we serve = Ohio, Indiana, Kentucky, Michigan — 10 mar
Slide 13: Primary focus is organic growth in key regional markets
Primary focus and value creation is through organic growth in key regional markets opening additional banki . including growth within strategic operating markets * Significant advancement in key areas with the addition of 39 banking centers through acquisitions + Built 3 new banking centers in Cinci
Slide 14: Successfully completed two common equity offerings
= Successfully completed two common equity offerings February 2010 = Issued 4 millon shares at $15.14 per shore ‘estimated offering expenses 2008 under ts Captal Purchase Program (CPP) * ‘regulatory requirements 5 2009 Issued 13.8 millon shares at $7.50 per share ‘estimated offering expenses the U.S
Slide 15: Excess consolidated capital over regulatory minimum
xcess consolidated capital of $390.7 million over regulatory minimum required level capa Rato Based on ‘well- can support bank-level asset growth up to $2.3 billion EOP Tanabe Conon Eauty™ Js from offering positively impacts already strong WA=retsmrae capital levels ‘minimum regulatory requirements
Slide 16: Financial Information
fiRST first financial bancorp Financial Information
Slide 17: Fourth quarter 2009 highlights
$0.37 per 7 — 40-09 EPS of, 10-08 $0.06 million in 40-08, ‘Net interest margin (FTE) expanded to 4.65%, up 72 bps from 30-09 and 94 bps from 40-08 ‘Non-interest income doubled over 40-08 to $24.1 milion ‘Western milion of non-recurring items, Solid capital and liquidity position TCE / TA of 8.1%, Ti
Slide 18: Earnings Per Diluted Common Share - GAAP
Earnings Per Diluted Common Share - GAAP Non-interest income “ToaiNondnrest nce = $82 ion” PY-2008 FY-2008 FY-2008 FY-2007 PLAICE FY-200 «O.08 ‘Another step on the path to success
Slide 19: Net Interest Margin (FTE)
Net Interest Margin (FTE) Yield and Cost aeening Asset eld _ Luba ost ‘Another step on the path fo success 2
Slide 20: Credit quality trends
‘economic downturn = 40% of total loans covered under FDIC loss share agreements of resolution strategies for problem credits - including credit losses for both the industry and the company, have peaked Credit Quality Trends Net Charge-Offs/ Average, Loans & Leases Nonpertorming Loans/Loans 269% 221
Slide 21: Loans: covered and uncovered
December 31, 2009 - $4.8 billion 1 instalment Covered Loans - $1.9 billion (esate rt) Uncovered Loans - $2.9 billion 1%, ‘Another step on the path fo success
Slide 22: Loan Detail
fiRST Loan Detail * December 31, 2009 first financial bancorp Total Uncovered Loans: $2,893 million commercial Real Estate Commercial & net avEL0C ‘Rein Rel Estate statment & Ober % ‘8 Non-owner Occopied - $78.9 tion ‘BOwner Ooewpied - 462.3 mon ny ‘DAcquisition® Lan Developme - $98.7 lion “another
Slide 23: NPLs / Loans and Reserves / NPLs
NPLs / Loans Reserves / NPLs ‘another step on the path fo success
Slide 24: Investment portfolio unrealized gains and losses
i Tas aaa] SET TERS TES] ‘Net Uneaized Gan(toss) Ss 19525 Aaregate Gains S tT088 ‘gregate Losses 56 [Net Uneaized GaintLoss of Book Value 25% *cer incase $88 mon of regulatory stock level of earings, while balancing capital and liquidity targets — Represents approximately 8.7% of total assets ‘conce
Slide 25: Investment Portfolio Sector Allocation
fiRST first financial bancorp Sector Allocation *oterinclues eputory sock Investment Portfolio December 31, 2009 Credit Quality oe ‘oer investret Grade = Brae secures ‘Another step on the path fo succass
Slide 26: Deposit growth and total deposits
anna Four Guar ees ea ee Tota Deposit sreacnos’ | orem | Onsen, End of Pr — Trsscont Soins s soien0 | ¢ scour | s cosa | s crsen | s a1ai20 Time (2,058,877 25,929 (119,687) (101,004), 1,864,115, Biker senor $0 sense rou pss | Foe | = Deposit growth is occurring where intended = Total deposits declin
Slide 27: Deposit mix December 31, 2009
December 31, 2009, 14% 42% 25% 19% = $5.4 billion in deposits = WAR = 1.23% ‘September 30, 2009 14% 17% = $58 billion in deposits = WAR = 1.26% ‘Another step on the path fo success
Slide 28: Deposit Composition
fiRST first financial bancorp Deposit Composition Average End of Period Liability Mix Deposit Portfolio Composition io ae _— A 3 Hy a| 3 = 3 at... H Hi A 3 a 3
Slide 29: Borrowings
Bivona) ‘September 80,2008] Adctions | Matuntes [ December 1, 2008 Federal Funds Purchased and Secures Sol sto Repurcha s 35703] $1687 Federal Home Loan Bank Advances 5,000, “Total Short Term Borrowings S TwoTes | s 1857 Long Term Borrowing Federal Home Loan Bank Advances" s sasass}s ‘Sod Under Agre
Slide 30: Net interest margin between 4.45% and 4.55%
= Net interest margin between 4.45% and 4.55% — Decline from 4Q-09 due to expected and intentional runoff of higher yielding acquired loans = Earning assets expected to decline 7% to 9% — Modest organic loan growth in core markets — Continued runoff in non-core markets = Continued run-off of non-cor
Slide 31: Leadership
fiRST first financial bancorp Leadership
Slide 32: Leadership
Claude E. Davis President & Chief Executive Officer 2003. C.Douglas Lefferson Executive Vice President & Chief Operating Officer centr and was appointed to i 2002 ‘trough 2005. 3 frantin a ice President & Chiot Financial Oficor i 1900 and was sop to jinng the company, he was with wit mst a Young, LL
Slide 33: Leadership
fiRST first financial bancorp Leadership ‘Al Roszozyk Indiana Regional President AIR tf we 25 years of lending, weasury management Mr Roszezyk spent UUnion Bank and Trust Company, Richard Barberchock Senior Vea Presidnt & Chit Cred orncor Richard Barber 2005 s Sener ‘and poston in 2008. M 2: oversig
Slide 34: First Leadership
first Leadership first financial bancorp John Sabath Senior Vice President & Chiet Risk Officer "2005 a8 Regulatory Risk Manager. funeton which includes commercial and etal crest complance, operatonal, market, suatege and reputation risk Prior orig the Company, Pe wasn the Enterprise Risk Group at t
Slide 35: About First Financial Bancorp
fiRST first financial bancorp ‘About First Financial Banco incial Bancorp is a Cincinnati, Ohio based bank holding company NA banking centers. The bank's wealth management division, First Financial Wealth Resource Group, provides investment management, traditional trust, brokerage and insurance serv
Slide 36: fiRST
fiRST first financial bancorp ‘Another step on the path to success
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