First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — Q4 2015 Earnings Presentation
16 slides from First Financial Bancorp's earnings presentation, Feb 9, 2016
Slide 1: Another step on the path to success – Investor Presentation Fourth Quarter 2015
fiRST first financial bancorp Another step on the path to success Investor Presentation Fourth Quarter 2015 EXHIBIT 99.1 , Me i aif fA | l | N
Slide 2: Forward-looking statements
2 Certain statements contained in this release which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Examples of forward-looking statements include, but are not limited to, projections of revenues, income
Slide 3: About First Financial Bancorp
3 About First Financial Bancorp www.bankatfirst.com NASDAQ: FFBC Founded: 1863 Headquarters: Cincinnati, Ohio Banking Centers: 106 Assets: $8.1 billion Loans: $5.4 billion Deposits: $6.2 billion Wealth Mgmt: $2.3 billion AUM Lines of Business Commercial Banking Specialty Finance Consumer Banking Wea
Slide 4: 4Q 2015 Highlights – 101st Consecutive Quarter of Profitability
4 4Q 2015 Highlights – 101st Consecutive Quarter of Profitability Total assets increased $267 million, to $8.1 billion, compared to the third quarter. Loans increased $173 million, or 13% annualized, over the linked quarter. Deposits increased $98 million, or 6% annualized, compared to the linked qu
Slide 5: Profitability
5 Profitability Net Income Return on Average Assets Earnings per Share Return on Tangible Common Equity $19.8 $18.7 $18.9 $17.6 $18.6 $20.5 $20.9 $19.2 $17.8 $19.6 $0.32 $0.30 $0.31 $0.29 $0.30 $0.33 $0.34 $0.31 $0.29 $0.32 4Q153Q152Q151Q154Q14 Net Income (GAAP) Net Income (Operating) EPS (GAAP) EPS
Slide 6: Net Interest Income / Net Interest Margin
6 Net Interest Income / Net Interest Margin Average Loan & Deposit Balances for the Quarter Gross loans include loans held for sale and FDIC indemnification asset Net Interest Income Net Interest Margin Average Loans Average Deposits $66.1 $63.2 $58.7 $58.6 $61.1 3.69% 3.67% 3.62% 3.67% 3.72% 4Q153Q
Slide 7: Non-Interest Income / Non-Interest Expense
7 Non-Interest Income / Non-Interest Expense Non-Interest Income Non-Interest Expense Efficiency Ratio Non-Personnel Expense Non-Interest Income Excludes Gain on Sale of Investment Securities and Non-Interest Income Related to the Covered / Formerly Covered Loan Portfolio $4.8 $4.9 $4.8 $4.5 $5.1 $3
Slide 8: Loans
8 Loans Loan Product Mix Nationwide Lending Platforms Loan Portfolio By Geography 1 Commercial Real Estate Mix 1 Includes loans held for sale. Excludes purchase accounting loan marks. $1,757 $1,720 $1,400 $1,381 $1,393 $2,570 $2,446 $2,401 $2,348 $2,338 $512 $507 $506 $497 $502 $549 $543 $546 $538 $
Slide 9: Loans – Average Loan Size & Rate by Product Line
9 Loans Average Loan Size & Rate by Product Line Average Loan Size in $000s $333.4 $372.3 $528.2 $657.3 $374.2 $109.6 $32.2 3.83% 4.09% 3.73% 5.61% 8.04% 4.00% 4.12% Commercial* OOCRE* ICRE* Franchise Oak Street Resi Mortgage Home Equity Average Balance Weighted Average Rate * Excludes Franchise & O
Slide 10: Investment Portfolio
10 Investment Portfolio Investment Portfolio / Total Assets = 24.2% Effective yield earned during third quarter = 2.44% Portfolio duration = 3.4 years $ in 000s Held to Maturity Available for Sale Other Investments TOTAL Percent of Portfolio Debt obligations of the U.S. Government 0 97 0 97 0.00% De
Slide 11: Asset Quality
11 Asset Quality Non-Performing Loans / Total Loans Non-Performing Assets / Total Assets Net Charge Offs / Average Loans Classified Assets / Total Assets $56.9 $55.9 $59.8 $64.6 $64.4 1.06% 1.07% 1.23% 1.36% 1.35% 4Q153Q152Q151Q154Q14 NPLs NPLs / Total Loans $70.1 $71.1 $76.2 $85.5 $87.1 0.86% 0.90%
Slide 12: Asset Quality – Allowance and Net Charge Offs
12 Asset Quality Allowance / Non-Accrual Loans Allowance / Total Loans Net Charge Offs & Provision Expense $53.4 $53.3 $52.9 $53.1 $52.9 0.99% 1.02% 1.09% 1.11% 1.11% 1.11% 1.17% 1.27% 1.43% 1.51% 4Q153Q152Q151Q154Q14 Allowance for Loan Losses ALLL / Total Loans (ALLL + Loan Marks - Indem Asset) / T
Slide 13: Capital
13 Capital Tier 1 Common Equity Tangible Book Value Total Capital Tangible Common Equity $597.5 $601.3 $656.9 $650.2 $638.2 $9.69 $9.74 $10.65 $10.54 $10.38 4Q153Q152Q151Q154Q14 Tangible Book Value Tangible Book Value per Share $822.4 $812.0 $751.8 $741.0 $728.3 13.04% 13.37% 13.31% 13.27% 13.71% 12
Slide 14: 2016 Strategic Priorities
14 2016 Strategic Priorities Retain existing clients by building deeper relationships Prioritize focused growth efforts in metropolitan markets Develop standard and repeatable processes to ensure consistent delivery of our client service experience and improved operational efficiency Define and exec
Slide 15: Reconciliation of Non-GAAP Measures
15 Reconciliation of Non-GAAP Measures Non-Operating Expenses include acquisition-related expenses, expenses associated with efficiency initiatives and other expenses not expected to recur. $ in 000s 4Q - 2014 1Q - 2015 2Q - 2015 3Q - 2015 4Q - 2015 Net Interest Income $ 61,139 $ 58,586 $ 58,674 $ 6
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