First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — IPO Roadshow (November 2025)
45 slides from First Financial Bancorp's IPO roadshow presentation, Nov 6, 2025
Slide 1: Fixed Income Investor Presentation Third Quarter 2025
Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333-291294 Dated November 6, 2025 Fixed Income Investor Presentation Third Quarter 2025
Slide 2: Disclaimer
disclaimer This Presentation contains summarized consolidated information concerning First Financial Bancorp. (the “Company”) and the Company’s business, operations, financial performance and trends. No representation is made that the information in this presentation is complete. For additional fina
Slide 3: Forward Looking Statements Disclosure
forward looking statements disclosure Forward Looking Statements Certain statements contained in this Presentation 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,’’
Slide 4: Forward Looking Statements Disclosure (continued)
forward looking statements disclosure • 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 5: Offering Overview
offering overview Issuer: First Financial Bancorp. (NASDAQ: FFBC) Security Offered: Fixed-to-Floating Rate Subordinated Notes Due 2035 Offering Size: $250 Million 1 Expected Security Rating: BBB (stable) by Kroll Bond Rating Agency Format: SEC Registered Term: 10 Years Call: 5 Years General corporat
Slide 6: Presentation Contents
presentation contents About First Financial Bancorp Financial Overview Overview of Recent Acquisitions Appendix 6
Slide 7: Our Franchise
our franchise $18.6B NASDAQ: FFBC 1 in assets Headquarters: Cincinnati, Ohio Founded: 1863 $11.7B/$14.4B 1 loans / deposits 1 Banking Centers: 127 1 Employees: 1,986 $5.8B 1,2 wealth AUA Market Cap (9/30/25): $2.4B Dividend Yield (9/30/25): 4.0% 2.15% 1 CET1 Ratio: 12.91% 3 3Q Adj. PTPP ROAA Lines o
Slide 8: 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 1 o Top quartile ROA, ROATC
Slide 9: A Long History of Growth
a long history of growth 2025 First Financial announces acquisitions of 6 Bank Acquisitions Westfield Bancorp and BankFinancial (Combined assets of ~$3.5B) 4 Non-Bank Acquisitions (Banks – OH/IL) 2024 First Financial acquires 2021 Agile Premium Finance First Financial acquires 2019 (Specialty Lender
Slide 10: A Top Quartile Performer
a top quartile performer Indicates Indicates Peer Top Quartile Peer Median KRX Constituents FFBC Bottom Top Q3 Quartile Median Quartile Actual ROAA 1.03% 1.25% 1.44% 1.54% Top Quartile ROATCE 13.3% 14.9% 16.9% 19.1% & Diversified Net Interest Margin 3.25% 3.47% 3.80% 4.02% Profitability Noninterest
Slide 11: Consistent Best-in-Class Earnings
consistent best-in-class earnings Return on Average Assets Return on Tangible Common Equity Earnings Per Share Growth KRX KRX 1 1 1 FFBC Top Quartile FFBC Top Quartile FFBC KRX Median 1-Year 1.31% 1.26% 23.5% 15.3% 3% 7% ✓ ✓ 83% Percentile Rank 100% Percentile Rank 37% Percentile Rank 3-Year 1.41% 1
Slide 12: Key Company Brands
key company brands Diversified financial holding company with comprehensive and innovative solutions for individuals and businesses Specialty lender to Full-service Full suite of Wealth & asset Foreign currency Specialty lender for insurance industry, equipment financing diversified financial manage
Slide 13: Complementary Market Centric Strategies
complementary market centric strategies Loans $3.4B / Deposits $2.3B Loans $1.9B / Deposits $5.1B Loans $4.1B / Deposits $6.8B Loans $2.3B / Deposits $0.2B 13 Note: Financial data as of 9/30/25. Greater Cincinnati/Dayton loan and deposit balances include large public fund relationships, special asse
Slide 14: Diversified Lines of Business
diversified lines of business Note: Data as of 9/30/25 and excludes the impact of Westfield Bancorp and BankFinancial acquisitions. The number of Trust & Investments and RPS relationships are updated as of 9/30/22. All other data as of 12/31/22. 14
Slide 15: Presentation Contents
presentation contents About First Financial Bancorp Financial Overview Overview of Recent Acquisitions Appendix 15
Slide 16: 3Q 2025 Results
3Q 2025 results 140th Consecutive Quarter of Profitability 1 • Net income – $71.9 million or $0.75 per diluted share. Adjusted net income – $72.6 million or $0.76 per diluted share 1 • Return on average assets – 1.54%. Adjusted return on average assets – 1.55% Profitability 1 • Return on average sha
Slide 17: Consistent & High Levels of Profitability
consistent & high levels of profitability Diluted EPS Return on Average Assets $0.76 $0.74 $0.71 1.55% 1.54% $0.67 1.47% $0.63 1.42% 1.33% $0.75 $0.73 $0.68 1.52% 1.54% 1.41% $0.55 $0.54 1.17% 1.13% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 1 1 ROAA Adjusted ROAA Diluted EPS Adjusted EPS 1 R
Slide 18: Diversified & Growing Fee Revenues
diversified & growing fee revenues Noninterest Income 3Q25 Highlights Total $73.5 million 1 • Adjusted noninterest income 31% of net revenue • Foreign exchange income of $16.7 million; Other Mortgage increased $2.9 million, or 21.1% from linked $8.4 banking quarter 11% $6.8 9% • Mortgage banking inc
Slide 19: Net Interest Income & Margin
net interest income & margin 1 Net Interest Income Net Interest Margin (FTE) $160.5 4.08% 4.05% $158.3 4.02% $155.6 3.94% $154.4 $5.1 0.10% 3.88% 0.10% $4.0 0.13% $3.8 $149.3 0.12% $4.7 0.08% $3.1 3.98% 3.95% 3.89% 3.82% 3.80% $155.4 $154.3 $151.8 $149.7 $146.2 3Q24 4Q24 1Q25 2Q25 3Q25 Basic Margin
Slide 20: Attractive Deposit Portfolio
attractive deposit portfolio Deposit Product Mix (Avg) 3Q25 Average Deposit Progression Noninterest-bearing -$11.9 Total $14.5 billion Interest-bearing demand $38.3 Savings -$9.9 Public Funds Noninterest- $2,009 Money Market $106.4 bearing 14% $3,002 Retail CDs $10.3 21% Brokered Brokered Deposits $
Slide 21: High Quality Loan Portfolio
high quality loan portfolio Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) Agile ICRE Total $11.7 billion -$37.7 $254 2% Commercial & Small Business Banking -$29.9 Summit Consumer $959 Oak Street $1,090 -$46.5 8% 9% Mortgage Summit $28.2 $1,606 14% Agile -$2.2 Oak Street $733 Consumer $24.9
Slide 22: Diversified & Granular Commercial Portfolio
diversified & granular commercial portfolio C&I and Owner Occupied CRE Loans Investor CRE Loans by Property Type 1 by Sector % of Total % of Total NAICS Sector 9/30/25 Loans Property Type 9/30/25 Loans Finance and Insurance $1,134.4 9.7% Residential Multi Family 5+ $1,342.2 11.5% Manufacturing 539.6
Slide 23: Strong Credit Quality & Highly Disciplined Credit Risk Management
strong credit quality & highly disciplined credit risk management Classified Assets / Total Assets Nonperforming Assets / Total Assets 1.21% 1.18% 1.16% 1.15% 1.14% $224.1 0.41% $218.8 0.41% $214.3 $213.4 $206.2 0.36% 0.36% 0.32% $77.1 $76.1 $66.0 $65.5 $59.8 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25
Slide 24: Strongly Reserved
strongly reserved ACL / Total Loans 3Q25 Highlights • $179.5 million combined ACL; $9.1 1.38% 1.37% 1.33% 1.33% 1.34% million combined provision expense $179.5 $176.0 $175.7 $173.7 $171.9 • $161.9 million ACL – loans and leases; $17.6 $17.1 $17.1 $16.9 $16.4 1.38% of loan balances $161.9 $158.8 $158
Slide 25: Ample Sources of Liquidity
ample sources of liquidity Investment Portfolio Composition (by amortized cost) Cash/Investment Liquidity Interest-bearing deposits with other banks of $565 Am. Cost: $3.7B• million Duration: 4.3 Yrs • Investment securities portfolio: • 98.0% of investment portfolio classified as available- for-sale
Slide 26: Solid Capital Base
solid capital base Tier 1 Common Equity Ratio Tier 1 Capital Ratio 13.23% 12.91% 12.89% 12.57% 12.61% 12.37% 12.48% 12.29% 12.16% 12.04% 11.38% 11.38% 8.50% 7.00% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q25 1 1 (Pro forma) (Pro forma) Tier 1 Common Equity Ratio Basel III minimum Tier
Slide 27: Presentation Contents
presentation contents About First Financial Bancorp Financial Overview Overview of Recent Acquisitions Appendix 27
Slide 28: Overview of Westfield Bancorp
overview of Westfield Bancorp Consolidated Financial Highlights as of September 30, 2025 $2.1B Headquarters: Westfield Center, OH in assets Branches: 7 Active (1 Pending) $1.7B 1 Employees: 180 in loans • Westfield Bancorp, the holding company for Westfield Bank, FSB (“Westfield Bank”), is 100% owne
Slide 29: Transaction Highlights
transaction highlights Strategically Compelling Financially Attractive Low Integration Risk • Accelerates entry into • Expected enhanced pro forma • Adds $2.1 billion in assets, Northeast Ohio. earnings per share. 10% of pro forma assets. • Provides attractive deposit • Pay-to-trade ratio of just 0.
Slide 30: Overview of BankFinancial
overview of BankFinancial Overview of BankFinancial Key franchise highlights Total Assets $1.5Bn 1 Attractive low cost, core deposit franchise Total Deposits $1.2Bn 2 Significant scarcity value in Chicago MSA Headquarters Burr Ridge, Illinois Chairman & Chief Executive Officer Morgan Gasior 3 Strong
Slide 31: Transaction Highlights
transaction highlights ✓ Acquisition of a low cost, granular core deposit franchise with $1.5Bn of Strategically expands assets and +100 year presence in Chicago market presence in economically ✓ Complementary to existing Northwest Indiana presence, Chicago Commercial robust Chicago market with LPO,
Slide 32: Pro Forma Loan & Deposit Composition
pro forma loan & deposit composition Pro Forma Plan to Reposition BankFinancial’s Multifam. 1 Multifam. Entire Multi. Multifam. 3% NOO CRE Multifam. 8% 7% NOO CRE Portfolio Post- NOO CRE 9% 63% 17% Closing 16% OO CRE 12% C&I C&I C&I 35% 29% 27% OO CRE OO CRE 9% 9% 1 $11.7B $1.6B $0.8B $13.6 (ex. BFI
Slide 33: Presentation Contents
presentation contents About First Financial Bancorp Financial Overview Overview of Recent Acquisitions Appendix 33
Slide 34: Our Management Team
our management team Archie Brown Jamie Anderson Karen Woods President & Chief Executive Officer Chief Financial & Operating Officer EVP, GC & Chief Administrative Officer 17 42 25 25 9 30 Yrs at FFBC Yrs in Banking Yrs at FFBC Yrs in Banking Yrs at FFBC Yrs in Banking / Law Bill Harrod Rick Dennen G
Slide 35: Consolidated Financial Highlights
consolidated financial highlights Year Ended December 31, Quarter Ended, ($000 except per share data) 2020 2021 2021 2022 2023 2024 3/31/25 6/30/25 9/30/25 Summary Balance Sheet: Total Assets $15,973,134 $16,329,141 $17,003,316 $17,532,900 $18,570,261 $18,455,067 $18,634,255 $18,554,506 Loans Held f
Slide 36: Markets of Operation
markets of operation 53% of deposits in Ohio / 35% in Indiana / 8% in Illinois / 4% in Kentucky FFBC Proj. FFBC Mkt. Pop. Current Proj. FFBC FFBC Deposits in % of Share Growth Median HHI Growth FFBC's Top 15 MSAs Rank Branches Mkt. ($M) Franchise (%) '26 - '31 HHI ($) '26 - '31 Cincinnati, OH-KY-IN
Slide 37: Kroll Ratings as of October 3, 2025
Kroll ratings as of October 3, 2025 FFBC’s Kroll ratings reflect an overall strong credit profile 1 Entity Type Rating Outlook First Financial Bancorp. Senior Unsecured Debt BBB+ Stable Subordinated Debt BBB Stable Short-Term Debt K2 N/A First Financial Bank Deposit A- Stable Senior Unsecured Debt A
Slide 38: Historical Interest Coverage
historical interest coverage Standalone FFBC Pro Forma Offering + Pro Forma 1 2 (dollars in millions) For the Twelve Months Ended Nine Months Ended Nine Months Ended Nine Months Ended 12/31/21 12/31/22 12/31/23 12/31/24 9/30/25 9/30/25 9/30/25 Double Leverage Investment in Bank Subsidiary $2,447 $2,
Slide 39: Key Transaction Assumptions: Westfield Bancorp
key transaction assumptions Westfield Bancorp • Net income for FFBC based on consensus analyst estimates • Net income for Westfield Bancorp based on FFBC management estimates Earnings, Synergies • Cost savings of ~40% of Westfield Bancorp’s noninterest expense base (75% realized in 2026, 100% therea
Slide 40: Key Transaction Assumptions: BankFinancial
key transaction assumptions BankFinancial • Cost Savings – Approximately 45% of BankFinancial’s annual operating expense ‒ 75% phase-in during 2026 and 100% in 2027 and thereafter Key Merger • One-Time Merger Expenses – $25 million pre-tax; fully reflected in pro forma impacts at closing Assumptions
Slide 41: Non-GAAP Measures
Non-GAAP measures 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
Slide 42: Appendix: Non-GAAP to GAAP Reconciliation
appendix: non-GAAP to GAAP reconciliation Net interest income and net interest margin - fully tax equivalent Three months ended Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, 2025 2025 2025 2024 2024 Net interest income $ 1 60,486 $ 1 58,269 $ 1 49,296 $ 1 54,399 $ 155,560 Tax equivalent adjustment 1,
Slide 43: Appendix: Non-GAAP to GAAP Reconciliation
appendix: non-GAAP to GAAP reconciliation Additional non-GAAP ratios Three months ended, 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' equity
Slide 44: Appendix: Non-GAAP to GAAP Reconciliation
appendix: non-GAAP to GAAP reconciliation Additional non-GAAP measures 3Q25 2Q25 1Q25 4Q24 (Dollars in thousands, except per share data) As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) $ 1 60,486 $ 160,486 $ 1 58,269 $ 158,269 $ 149,296 $ 1
Slide 45: First Financial Bancorp
First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202 45
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