First Financial Bancorp. · NASDAQ:FFBC

First Financial Bancorp — Merger or Acquisition (December 2021)

7 slides from First Financial Bancorp's merger presentation, Dec 7, 2021

  1. Slide 1: Acquisition of Summit Funding Group

    Acquisition of Summit Funding Group

  2. Slide 2: Forward-looking statements

    2 Certain statements contained in this report that are not statements of historical fact constitute forward - looking statements wit hin the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' an

  3. Slide 3: Transaction Overview

    Transaction Overview First Financial will acquire Summit Funding Group (“Summit”), a full - service equipment finance company, headquartered locally in Cincinnati and operating across all 50 states and Canada Transaction is highly accretive to earnings, additive to First Financial’s growth profile a

  4. Slide 4: Summit Overview

    Summit Funding Group Overview Summit is a full - service equipment finance company operating throughout the U.S. and Canada Offers both full payout and residual - based leases, across its two operating divisions: Middle market : ~$500k average ticket; middle market companies to large corporates Vend

  5. Slide 5: Transaction Details

    Transaction Details 5 Strategic Use of Excess Capital and Liquidity Consideration Highly Attractive Financial Returns Consideration at closing consists of $111.5 million in cash and approximately 400k FFBC shares; total transaction value of ~$121 million 1 Expected to originate ~$400 million in volu

  6. Slide 6: Strong History of Strategic Acquisitions of Specialty Businesses

    Strong History of Strategic Acquisitions of Specialty Businesses First Financial has a proven track record in strategically deploying excess capital and liquidity through acquiring independent, high performing specialty businesses and facilitating significant double - digit growth and significant ma

  7. Slide 7: First Financial Bancorp

    7 First Financial Bancorp First Financial Center 255 East Fifth Street Suite 800 Cincinnati, OH 45202

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