First Financial Bancorp. · NASDAQ:FFBC

First Financial Bancorp — Q4 2011 Earnings Presentation

22 slides from First Financial Bancorp's earnings presentation, Jan 25, 2012

  1. Slide 1: Fourth Quarter 2011 Earnings Release Supplemental Information

    FIRST first financial bancorp First Financial Bancorp Fourth Quarter 2011 Earnings Release Supplemental Information im = jo iO 1 f e a d

  2. Slide 2: Forward-Looking Statement Disclosure

    fi RST Forward-Looking Statement Disclosure first financial bancorp Ccean statement ortanes nhs prasenistn wen ar rt estamants ot ioral el onetie fanreooig stalemens wn the meaning ot me Brie Cecule LtgaonRetrm At ne “At a seston, oeain siemeris nue tgs Oy Fs areal wn he SEC, press reeares, a al anw

  3. Slide 3: Pre-Tax, Pre-Provision Income Trend

    fiRST first financial bancorp 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 decline in fourth quarter 2011

  4. Slide 4: Pre-tax, pre-provision income reconciliation

    Pretax, pre-proision income * S m08 S| (eM Sets S areas at Accelerates iscount on acquired Toane related to: Loan sales 2 198 2 3,085 3 Prepayments 4745 5.009 an 2,698 6.113 Total accelerated discount 4775 5207 “4756 5783 613 Plus: loss on covered OREO? 2821 3785 2621 3 - Less: gain on sales ofimest

  5. Slide 5: Low Risk Balance Sheet

    fiRST first financial bancorp Only 42% of First Financial's total assets are 100% risk-weighted assets, over 20% lower than the peer group median First Financial's percentage of total risk- weighted assets to total assets is 54.6%, over 18% lower than the peer group median The lower percentages are

  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 78% of total revenue is derived from strategic businesses. Not including the FDIC loss sharing in

  7. Slide 7: Noninterest Income and Expense

    fiRST first financial bancorp Noninterest Income and Expense Components of Noninterest Income Components of Noninterest Expense For the Three Months Ended December 31, 2011 For the Three Months Ended December 31, 2011 (Dollars in millions) (Dollars in millions) 1 Strategic Strategic 1B FDICLoss Shar

  8. Slide 8: Deposit and Loan Composition

    fi RST Deposit and Loan Composition first financial bancorp Total Deposits = $5.6 billion Gross Loans = $4.0 billion As of December 31, 2011 As of December 31, 2011 (Collars in millions) (Dollars in mitions) $109 % Strategic 1 Acquited-Non- Strategic = Market exits are complete; acquired-non-strateg

  9. Slide 9: Covered Loan Activity

    fiRST first financial bancorp 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, 201

  10. Slide 10: Covered loan credit losses and FDIC loss share income

    For the three months ended December 31, Drs ends 2011 Net incremental impairment for period ($5,277) ——> Reduction in expected cash flows related to certainloan pools net of prior period impairment relief / recapture Net charge-offs 12,187 ———> Represents actual net charge-offs of the recorded inves

  11. Slide 11: Tables from Fourth Quarter 2011 Earnings Release

    fiRST first financial bancorp Tables from Fourth Quarter 2011 Earnings Release

  12. Slide 12: Noninterest Income

    financial bancorp Noninterest Income Table | (ote mnousands) Forthe Taree Monte Snes For the Tweve Months Ended Tecerbers), Seplenber3, Decanter), Decenbersi, Decenber 31, 2011 2011 2010 at 2010 “otal naninterestincome ‘Certsn signtioant components of noninterest income some hal 0 eur ‘Accelerated d

  13. Slide 13: Noninterest Expense

    st financial bane Noninterest Expense Table For the Taras Months Enos For the Twelve Menthe Ended Tesarters), Seplenber 29, Decanter], Decenter si, Decenter 7, (ota nouns) zon zon 2010 2a 2010 “otal noninterest expanse S sens S312 -$ se2m0 S DIe0ET $223,680 ‘Certain signticant components f nonintere

  14. Slide 14: Nonperforming and restructured loans

    first Table lt “As of or forthe Tarae Menthe Ended Tecaee Si, Sepienber30, ne 30, «Marchi, Deconbera, (Pevarsn reussns) aon ort ao ott 2010 “otal nanacervalleans S tz 5 Set6 § sees zoe | $ 62302 Festructued leans - scoring 4500 art 3.038 3923 3508 Restructure leans -ronacerus teo71 wart 16483 1400 1

  15. Slide 15: Loan Portfolio — Excluding Covered Loans

    ‘ial bancorp Loan Portfolio — Excluding Covered Loans Table 1V Asef Deseret 2071 Seperoer 30,2071 Decerer ST 20 Soe Fact Fase (Pore ninousanas} Boone of Totl___Bance_— of Total__—Balance of Total Conmeces 3 eseos1 2ee% «S| EOZEEZ TED 5 BODES ate eal estste- constuction tse7¢ 30% seest 47% ves Be eal

  16. Slide 16: Investment Portfolio

    Investment Portfolio Table V ‘As of December 31,2011 Took Fercantaf Sook Cost Tee car (Pottrs ninousanas) Vale Total Yes Basie Vaue (oss) Agencies 3 46.100 20% ae cae = toe $88 (0s (agency) eseer 45.0% 203 1182 saz srr 0s (private) 20 00% 40s t0090 © t00.85 - NBS (agency) esoer1 440% 305 a1 1981 198

  17. Slide 17: Capital Ratios

    ancial bar Capital Ratios Table VI Asof Deceveer ai, SaplerberS0, DacenES'ST, "Wel-Capitlzes" En ort 210 Nenu Leverage Ratio 287% 10.57% 10.20% ‘500% “ler 1 Capi Ratio rare ys0% 18.45% 2.00% “otal steBased Capital Ratio 187336 2a.08% 10.72% 10.00% Ending tangible shareholders! equy to encing angble

  18. Slide 18: Significant Acquisition Related Items

    Significant Acquisition Related Items Tes austere core ee ‘Another step on the path to success 18

  19. Slide 19: Estimated Yields and Average Balances

    Estimated Yields and Average Balances Table Vi For the Tires Mocths Ended December 31.2011 verge alone Yost ‘Lesns, exclsing covered loans ! 5 Reece 5.10% ‘Covered loan parton accounted for under ASC Tope 210-307 vozness 1m. ‘Covered loan portfolo accounted for under FAS O12? 2222 13.8506 -FDCindenn

  20. Slide 20: Covered Loan Portfolio

    first Covered Loan Portfolio Table x (Covered Loan Actviy Fourth Quarter 2011 estan in ReDorced nvesinenk De 1 ‘Septerber 20, Contractual Te Tears Win Decenber 31, (Rota nirousanas) Zit ‘Sales Frepaymenis __Activiy' __Charge-Offs? Coverage Removed 2041 Commercial S mse 5 Mae Sagas $7782 SaaS = 3 195

  21. Slide 21: Allowance for Loan Losses — Covered

    first financia Allowance for Loan Losses — Covered Table X Ag of orforthe AS of of forthe Three Months Ends Twelve Nrths Tecerber Si, Septenbers0, June0, NBroh3T, Ended Decenber 21 (Rovace ninousaras) zo 2a zo ao rt Balance at osginnng of petiog S 4512 5 sro oS 3ne85 Steams teas Frovsion for isan an

  22. Slide 22: Another step on the path to success

    fiRST first financial bancorp Another step on the path to success

First Financial Bancorp — Q4 2011 Earnings Presentation on 6ix