First Financial Bancorp. · NASDAQ:FFBC

First Financial Bancorp — Q4 2010 Earnings Presentation

20 slides from First Financial Bancorp's earnings presentation, Jan 27, 2011

  1. Slide 1: First Financial Bancorp Fourth Quarter 2010 Earnings Release Supplemental Information

    fiRST first financial bancorp First Financial Bancorp Fourth Quarter 2010 Earnings Release Supplemental Information

  2. Slide 2: Forward-Looking Statement Disclosure

    fiRST first financial bancorp Forward-Looking Statement Disclosure etme conianes ins peseiaton when arene fe contue nwarooung satemeniswann ne meaning te Pate Secures Lagaton Rete Ac me “Ac Sacaton, cecan datenenis mture tgs oy Fost Pratoal wn Sans, anor ana wrte llamar ace oy orl fe approval of Fie

  3. Slide 3: Fourth Quarter 2010 Loan Valuation

    fiRST Fourth Quarter 2010 Loan Valuation 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. = As a resu

  4. Slide 4: Pre-tax, pre-provision income for the three months ended

    For the three months ended Pre-tax, pre-provision income * 33.631 37.216 31,126 36,724 Accelerated discount on covered loans related to: Loan sales 2 362 s 1,927 2.919 Prepayments 6.113 3.086 7.408 4aTt 5.206 Total accelerated discount 6113 9.448 7,408 6,098 8.218 Less: gain on sales of non-mortgage

  5. Slide 5: Stress Case

    fiRST first financial bancorp Stress Case Wustrates the strength of our balance sheet assuming a full charge-of of al! acquited loans under FDIC loss share agreements and a ful charge-off ofall Uncovered non-erforming loans. Nonperforming Assets = $89 milion 1.5 billion Risk Based Capital Ratio Cove

  6. Slide 6: Strategic and Acquired-Non-Strategic Businesses

    fiRST first financial bancorp * 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 73% of total revenue Is derived from strategic businesses. Not including the FDIC loss sharing in

  7. Slide 7: Noninterest Income and Expense

    fiRST Noninterest Income and Expense first financial bancorp Components of Noninterest Income Components of Noninterest Expense For the Three Months Ended December 31, 2010 For the Three Months Ended December 31, 2010 (Dollars in millions) (Dollars in millions) S12 Ve mStrategic Strategic |aFDIC Los

  8. Slide 8: Deposit and Loan Composition

    fiRST Deposit and Loan Composition first financial bancorp Total Deposits = $6.1 billion Gross Loans = $4.3 billion As of December 31, 2010 As of December 31, 2010 (Dollars in millions) (Dollars in millions} $399 wy $857 20% an $4753 ere 20% mstrategie caAcauired Non Strategie = Western market (acqu

  9. Slide 9: Tables from Fourth Quarter 2010 Earnings Release

    fiRST first financial | bancorp Tables from Fourth Quarter 2010 Earnings Release

  10. Slide 10: Table I

    Table! Legacy and originated oan partio® Acquired loan posts account fr under ASC Topic 210-007 FDIC indemnifcation asset? Total * includes acquted revolving loars not aocourte for under ASC Topic 31030: yal esate at time of egnation + Future yield acusiments subject to change based on required, pet

  11. Slide 11: Noninterest Income

    Noninterest Income Table tl Feethe Tve Forthe Three Months Ended Months Ended ‘DesemberST, September20, June 20. Marchi, December 3. (Botan outa) 2a10 2010 2010 2010 2010 “otal neintrest income SMa Ss s4008 4ose7 $2038 SHRI ‘Signfaar: components of raninerst income ‘tems kel to reat ‘Accelerated eis

  12. Slide 12: Noninterest Expense

    Noninterest Expense Tablet Fer the Twelve For the Three Menthe Enc Month Ended ‘Decareerst, September0, une 30, Marchal, December 31, Rovars in mousey 2010 2010 200 2310 2010 “otal noninterest expanse S f020 $6110 sea19 eazet $230,550 ‘Signicars components of roninierest expense tems they to reoue ‘

  13. Slide 13: Credit Quality - Excluding Covered Loans

    Credit Quality - Excluding Covered Loans Table IV sof erforthe Three Months Endes Decembers, SeplerberS0, June 30. «Machi, December, oie ouean) 2010 2010 2010 2010 2003 “Total ronaceril loans S e252 $e0.IE7 eeert § esges 8 T1087 Festuctured loans 3338 13.388 ware 7884 e125 “Total ronerforming leans

  14. Slide 14: Loan Portfolio — Excluding Covered Loans

    Loan Portfolio — Excluding Covered Loans Table V Asot December, 2000 Seger 30 2070 December St, 2000 Percent Percent Percent ova i touzara) Buarce _ofTotal__Bslanoe__of Total Bence of Tota Commercial ee ee ee Real estate -constructon yeas 5.5% W7e91 8.5% mom aT Real estate commercial sizes 4.5% esse

  15. Slide 15: Investment Portfolio

    Investment Portfolio Table VI ‘As of December 25, 200 Book Percent? Book Cost Wet ain {oars teasers Vals Total Yield Sasie Value oss) US.Tressuyrotes $18.08, 14% 208 cart 10237 a Agencies 108.888 10.4% 278 100.00 sooe1 or ‘CMOs (agency) seas 230% 13t 100.35 100.76 1386 CMOs (private) ae a8 oa ea.00

  16. Slide 16: Deposit Activity

    Deposit Activity Table Vil Deposit Activity - Fourth Quarter 2010 ae ‘Acaired ‘Balance asf September20, Strategie. NonSvategic December 31, (Porarsn mousanas) 2010 Forti. Forti 2010 Transaction and savings accounts, «= $3,120.811 21219 tees § a961408 Time deposits 742080 (ren) enzen, ‘292-41 Brokere

  17. Slide 17: Capital Ratios

    Capital Ratios Table vill Aso ‘Decemberst, SeplemberS0 December, "Wel-Capitaizeg" 2010 2010 2003 inna Leverage Rato 10.80% 19.80% 228% 5.00% Tier 1 Capital Ratio 18.40% 18.88% sant 200% “Total Risk-Basee Copia Ratio 10.7255 sar wate 10.00% Ending tangible shareholders’ equity tending angie assets 10

  18. Slide 18: Significant Acquisition Related Items

    Significant Acquisition Related Items ‘Another step on the path to success

  19. Slide 19: Covered Loan Portfolio

    Covered Loan Portfolio Table X Covered Loan Acthiy- Fourth Quarter 2010 eduoion in Galanos Dus to ‘September 30, Fresaynens) Contractual TameWin December31, (Botarsm mouse) 210 Loan Sales Renews Actvty' ___Chsnge-offe* Coverage Removes 2010 Commercial S$ 3snea3 3s ma mew $ wes oss 3a4030 Real extte

  20. Slide 20: Another step on the path to success

    fiRST first financial bancorp Another step on the path to success Prose

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