First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — Q3 2010 Earnings Presentation
22 slides from First Financial Bancorp's earnings presentation, Nov 3, 2010
Slide 1: First Financial Bancorp Third Quarter 2010 Earnings Release Supplemental Information
First Financial Bancorp Third Quarter 2010 Earnings Release Supplemental Information
Slide 2: Forward-looking statements
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Slide 3: Third Quarter 2010 Valuation Results
first financial bancorp = The majority of the loans acquired as part of the FDIC-assisted transactions are accounted for under ASC Topic 310-30 which requires the Company to periodically update its forecast of expected cash flows from these loans. = Asa result of valuation procedures performed durin
Slide 4: Stress Case Total Assets by Risk Weighting %
Stress Case Total Assets by Risk Weighting % + tustrates the strength of our balance sheet assuming fl charge-of of all ‘acquired loans under FDIC loss share agreements and a full charge-off of all AS of September 30, 2010 uncovered non-performing loans (Collars in milions) = Nonperforming Assets =
Slide 5: Strategic and Acquired-Non-Strategic Business Definitions
first financial bancor = Strategic — Elements of the business that either existed prior to the acquisitions or were acquired with the intent to retain and grow. On a reported basis, approximately 67% of total revenue is derived from strategic businesses. Not including the FDIC loss sharing income, s
Slide 6: Components of Noninterest Income and Expense
financial bancorp Components of Noninterest Income Components of Noninterest Expense For the Three Months Ended September 30, 2010 For the Three Months Ended September 30, 2010 (Dollars in millions) (Dollars in millions) mstrategic Strategic BFDIC Loss Sharing Income mAcquired-non-strategic, Other N
Slide 7: Total Deposits and Gross Loans
Total Deposits = $5.1 billion Gross Loans = $4.4 billion As of September 30, 2010 As of September 30, 2010 (Dollars in millions) (Dollars in millions) Strategic TH Acquired-Non-Strateaic = Western market (acquired-non-strategic) branch exit is complete; acquired-non-strategic deposits consist primar
Slide 8: Tables from Third Quarter 2010 Earnings Release
Tables from Third Quarter 2010 Earnings Release
Slide 9: Purchase Accounting Adjustments to Originally Reported Gain on Acquisitions
first financial banc Purchase Accounting Adjustments to Originally Reported Gain on Acquisitions Table! Forthe Three Months Ended September 20, 2000 Net Income oktes Pretax Income Avalisle to Eamings (Botarsm mousares, except share amu) Impact Taxes Common _Per Snare [Net income a8 original eparted
Slide 10: Impact of Purchase Accounting Adjustments on Shareholders' Equity
Impact of Purchase Accounting Adjustments on Shareholders’ Equity as of September 30, 2009 Table It ‘As of September 30,2008 Inspector Tangiole ‘Book Vale (Potarsm mousanes, except per share amounts Per Snare ‘Shareholders’ equty, as ecgnaly reported S e7i2e7 “Tangible book vale per share, as origin
Slide 11: Financial Statement Presentation Changes
first financial bancorp Financial Statement Presentation Changes Provision for Covered Loan Losses and FDIC Reimbursement Table Il For the Three Montne Ended (Porars im mousans) June 30,2010 Maroh 91,2010 Provision for loan and lease loses - covered, as reported Some s Provision forlaan and lease lo
Slide 12: Estimated Yields and Average Balances
financial Estimated Yields and Average Balances For the Three Monts Ended ‘Seotember 30,2010 9 alance Yiels Table IV ‘Legacy and originated lan petiio® 3 2ee728 5.33 ‘Acquired loan portfolio accounted for under ASC Topie 310-20? ieogess OT FDIC indamifcston asset” pera a. * Inctuces scquired revohvi
Slide 13: Noninterest Income
Noninterest Income Table V or the Three Months Ended Seperbers0, une 20, Marcha (cotars mn nouzans) 2010 2010 2010 “otal noninterest income S 44506 $0487 $28,005 ‘Signiears components of roninterest income hems ely to recur ‘Aooalratee iscount on loan prapsymants and cspostions *? eee 7408 2.088 FDI
Slide 14: Noninterest Expense
Noninterest Expense Table VI For the Three Menthe Ended Spero sd, une 30, Marcha (cotars in nouzans) 2010 2010 2010 “otal noninterest expense Ss 61310 see1o $0281 ‘Signitcars components of roninirest expense eons ely to recur -Roquiec-non-tratagic operating expenses 500 1270 2201 Transtion-eated ter
Slide 15: Credit Quality - Excluding Covered Loans
financial bancorp Credit Quality - Excluding Covered Loans Table Vil As of orfor he Tires Months Ends Seembers, une 20, «Maron 31, December, Sepiaroer © (Botan nousanss) 210 210 2010 2000 2008 Total onacerual loans S 8017 S$ ege7t § enees $7187 S$ eOgOE Resructured loans S 13985 $1278 8 Te § BIS 3.1
Slide 16: Loan Portfolio - Excluding Covered Loans
financial banc« Loan Portfolio — Excluding Covered Loans Table Vil Asot Sepleriber 30, 2010 Tone 30.2070 Sapien 30 2000 Percent Pecan Percent (botars nnovsans) Balance __cfTotal__Balance__of Total_—Balanoe of Tata Commercial S 763442 27am «S| THEI eB S| TBEOS 28 EN Fel estate - constuction iraa14 8%
Slide 17: Investment Portfolio
financial bancorp Investment Portfolio Table IX ‘As of September 30,2010 Took Pacento Boor ‘Cost Tare car (Povarsm mouszns) vse “otal isis Basis Value oss US Treasuyrotes $14,308 20% 228 Eto wseo $578 Agencies 111500 15% 2e8 ‘00.00 so1a2 17 (CMs (agency) seo017 aK an 75 10085 2258 (CMO (private) 8 0
Slide 18: Deposit Activity
financial Deposit Activity Table x Degos city - Third Quaer 2010 Samceseot Aoques- —Saancesech “ne 2 Srategio ——NonSeatego—Septerbe 30 (estas neseras) 2010 Perla Porto 210 Transacionand savings accounts =—«§ | -O204513 (2879) rom) $3081 Tove deposits 1706898 (e778) (9.313) 4.742050 Brokered deposts
Slide 19: Capital Ratios
Capital Ratios Table XI Asot Sepieriber 3, Tone 2, Tepemberso,"WelkCapitazec 2010 2010 ‘2008 iim Leverage Ratio 100% 2.00% 13.80% 5.00% Tier 1 Capital Ratio cord 18.1556 15.40% 200% ‘Total Risk-Based Capital Ratio 19.01% 10.42% 10.71% 10.00% Ending tangle shareholders! equity to ending tangible asse
Slide 20: Significant Acquisition Related Items
ancial b: Significant Acquisition Related Items ‘Another step on the path to success 20
Slide 21: Covered Loan Portfolio
financial banc« Covered Loan Portfolio Table XII Covered Loan Act - Third Quarter 2010, Reduction in Bslanes Ove to Jone 20, Prepayments! Contract September 20, {evar ntoueenss 2310 Loan Sales Renewals ‘Aciviy' __Charge-O¥s? 2010 ‘Commercial Sas S$ ams S308 Saez Stet S| eB ES Fel estate - constuctio
Slide 22: Another step on the path to success
fiRST first financial bancorp Another step on the path to success
First Financial Bancorp — Q3 2010 Earnings Presentation on 6ix