First Financial Bancorp. · NASDAQ:FFBC
First Financial Bancorp — Q2 2009 Earnings Presentation
9 slides from First Financial Bancorp's earnings presentation, Aug 3, 2009
Slide 1: Summary of Items Impacting Earnings Per Diluted Common Share
EXHIBIT 99.2 Summary of Items Impacting Earnings Per Diluted Common Share Table I ($ in thousands, excluding per share data) 2009 2008 Year-to- Date 2Q 1Q Full-Year 4Q 3Q 2Q 1Q Gain (Loss) on FHLMC shares1 $ 123 $ 112 $ 11 $ (3,738) $ (137) $ (3,400) $ (221) $ 20 Increase in Loan Loss Reserve & High
Slide 2: Pre-Tax, Pre-Provision Income
Pre-Tax, Pre-Provision Income Table II ($ in thousands) Quarter Year-to-Date June 30, June 30, 2Q-09 1Q-09 2Q-08 2009 2008 Pre-Tax Income $ 2,152 $ 8,768 $ 11,700 $ 10,920 $ 22,581 Excluding Provision Expense 10,358 4,259 2,493 14,617 5,716 Pre-Tax, Pre-Provision Income $ 12,510 $ 13,027 $ 14,193 $
Slide 3: Credit Quality Trends
Credit Quality Trends Table III ($ in thousands) Three Months Ended Year-to-Date June 30, March 31, December 31, September 30, June 30, June 30, June 30, 2009 2009 2008 2008 2008 2009 2008 Total Nonperforming Loans $ 37,790 $ 24,892 $ 18,185 $ 14,038 $ 15,366 $ 37,790 $ 15,366 Total Nonperforming As
Slide 4: Capital Management
Capital Management Table IV Regulatory "well-capitalized" FFBC minimum Leverage Ratio 12.02% 5% Tier 1 Capital Ratio 14.77% 6% Total Risk-Based Capital Ratio 16.02% 10% EOP Tangible Equity / EOP Tangible Assets 11.14% N/A EOP Tangible Common Equity / EOP Tangible Assets 9.06% N/A N/A = not applicabl
Slide 5: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin Table V ($ in thousands) Quarter Year-to-Date June 30, June 30, 2Q-09 1Q-09 2Q-08 2009 2008 Net Interest Income $ 31,209 $ 30,928 $ 28,414 $ 62,137 $ 56,663 Net Interest Margin 3.60% 3.61% 3.72% 3.62% 3.75% Net Interest Margin (fully tax equivalent) 3.64% 3.
Slide 6: Noninterest Income
Noninterest Income Table VI ($ in thousands) Quarter Year-to-Date June 30, June 30, 2Q-09 1Q-09 2Q-08 2009 2008 Gain (Loss) on FHLMC shares $ 112 $ 11 $ (221) $ 123 $ (201) Gain on Sale of Property & Casualty Portion of Insurance Business - 574 - 574 - Gain on Sales of Investment Securities (CPP 2Q-
Slide 7: Service Charges on Deposit Accounts & Trust & Wealth Management Fees
Service Charges on Deposit Accounts & Trust & Wealth Management Fees Table VII ($ in thousands) Quarter Year-to-Date June 30, June 30, 2Q-09 1Q-09 2Q-08 2009 2008 Overdraft/Non-Sufficient Fund Fees $ 3,003 $ 2,791 $ 3,628 $ 5,794 $ 6,968 Other 1,286 1,288 1,323 2,574 2,590 Total Service Charges on D
Slide 8: Noninterest Expense
Noninterest Expense Table VIII ($ in thousands) Quarter Year-to-Date June 30, June 30, 2Q-09 1Q-09 2Q-08 2009 2008 FDIC Special Assessment $ 1,737 $ - $ - $ 1,737 $ - FDIC Expense - Other 1,687 282 121 1,969 248 Acquisition-Related Expenses (other noninterest expense) 426 - - 426 - Severance Costs R
Slide 9: Investment Portfolio
Investment Portfolio June 30, 2009 Table IX ($ in thousands, excluding book price and market value) Base % of Book Book Book June 30, 2009 Gain/ Total Value Yield Price Market Value (Loss) Agencys 7.3% $ 41,145 5.31 99.79 102.69 $ 1,162 CMOs (Agency) 11.8% 65,879 4.71 100.44 103.50 1,950 CMOs (Priva
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