Slide 1: Fourth Quarter 2012 Earnings Release Supplemental Information
First Financial Bancorp Fourth Quarter 2012 Earnings Release Supplemental Information EXHIBIT 99.2
Slide 2: Forward-looking statements
2 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 (the ‘‘Act’’). In addition, certain statements in future filings by First Financial with the SEC, i
Slide 3: Pre-Tax, Pre-Provision Income Trend
3 Pre-Tax, Pre-Provision Income Trend Adjusted pre-tax, pre-provision income represents income before taxes plus provision for all loans less FDIC loss share income and accelerated discount adjusted for significant nonrecurring items The increase in fourth quarter 2012 adjusted PTPP income was drive
Slide 4: Pre-Tax, Pre-Provision Income
4 Pre-Tax, Pre-Provision Income For the three months ended December 31, September 30, June 30, March 31, December 31, (Dollars in thousands) 2012 2012 2012 2012 2011 Pre-tax, pre-provision income 1 28,869$ 26,894$ 32,636$ 30,020$ 33,015$ Less: accelerated discount on covered loans 2,455 3,798 3,764
Slide 5: Low Risk Balance Sheet
5 Low Risk Balance Sheet 49% of First Financial’s total assets are 100% risk-weighted assets compared to the peer group median of 56% First Financial’s percentage of total risk- weighted assets to total assets is 60.1% compared to the peer group median of 69.1% The lower percentages are driven by th
Slide 6: Revenue by Source
6 Revenue by Source 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 82% of total revenue is derived from strategic businesses. Not including the FDIC loss sharing income and oth
Slide 7: Noninterest Income and Expense
7 Noninterest Income and Expense Components of Noninterest Income For the Three Months Ended December 31, 2012 (Dollars in millions) Components of Noninterest Expense For the Three Months Ended December 31, 2012 (Dollars in millions) $16.7 64% $5.7 22% $1.2 5% $2.5 9% Strategic FDIC loss sharing inc
Slide 8: Deposit and Loan Composition
8 Deposit and Loan Composition Total Deposits – $5.0 billion As of December 31, 2012 (Dollars in millions) Gross Loans – $3.9 billion As of December 31, 2012 (Dollars in millions) Market exits are complete; acquired-non-strategic deposits consist primarily of time deposits in Western, Michigan and L
Slide 9: Covered Loan Activity
9 Covered Loan Activity 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 of December 31, 2012, the allowance for loan and le
Slide 10: Components of Covered Asset Credit Losses
10 Components of Covered Asset Credit Losses $3,178 $2,084 $1,685 $1,439 1Q12 2Q12 3Q12 4Q12 Covered Asset Credit Losses For the three months ended December 31, (Dollars in thousands) 2012 Description Net incremental impairment / (relief) for period ($3,705) Reduction in expected cash flows related
Slide 11: Glossary of Terms
11 Glossary of Terms To assist readers in understanding the Company’s financial results and the effect of recent acquisitions on reported amounts, the following terms are used throughout the earnings release and this supplement to refer to specific acquisition-related items. The first three define b
Slide 12: First Financial Bancorp Fourth Quarter 2012 Earnings Release Supplemental Information
First Financial Bancorp Fourth Quarter 2012 Earnings Release Supplemental Information