First Financial Bancorp. · NASDAQ:FFBC

First Financial Bancorp — Merger or Acquisition (June 2019)

7 slides from First Financial Bancorp's merger presentation, Jun 19, 2019

  1. Slide 1: Forward Looking Statement Disclosure

    Forward Looking Statement Disclosure 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. other means Words such as ‘‘believes,’’ ‘‘anticipates,’’ “lik

  2. Slide 2: Transaction Overview

    Transaction Overview First Financial will acquire Cincinnati based Bannockburn Global Forex, LLC (“BBFX”), a capital markets firm specializing in foreign exchange payments, hedging, and other fee-based advisory services to small and medium enterprise (“SME”) clients Highly-additive transaction, cons

  3. Slide 3: Bannockburn Overview

    Bannockburn Overview Bannockburn specializes in FOREX products and fee-based advisory services primarily for SME clients Cincinnati, Ohio 2009 Registered as an Introducing Broker with the National Futures Association and CFTC 10 offices in key U.S. metro markets Fills a market gap in pricing and ser

  4. Slide 4: Meaningful Enhancement to Fee Income

    Meaningful Enhancement to Fee Income Pro Forma Wealth Mgmt 15% Deposit Services 35% Deposit Services 28% + = Wealth Mgmt 19% Capital Markets 100% Card Income 17% Other 11% Other 14% Card Income 21% Capital Markets 20% Client Derivatives 4% Mortgage 6% Mortgage 5% Client Derivatives 5% 5 2018PF Non-I

  5. Slide 5: Transaction Details

    Transaction Details Consideration consists of 4.66 million FFBC shares and $3.7mm in cash1 Transaction value of ~$110 million2 2018 pre-tax income multiple of ~8.4x excluding synergies Structured as an asset purchase for tax purposes, resulting in a ~$20mm net present value cash tax benefit Generate

  6. Slide 6: first financia'l bancorp F1rst Financ1al Bank First F1nancial C.Qnter 255 East Fifth Street Suite

    first financia'l bancorp F1rst Financ1al Bank First F1nancial C.Qnter 255 East Fifth Street Suite 800 Cincinnati,OH 45202-4248

  7. Slide 7: FIT nn tte ny OE

    FIT nn tte ny OE

First Financial Bancorp — Merger or Acquisition (June 2019) on 6ix