First Financial Bancorp. (FFBC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Kelvin. Good morning, everyone, and thank you for joining us on today's conference call to discuss First Financial Bankers' first quarter financial results. Participating on today's call will be Archie Brown, President and Chief Executive Officer, Jamie Anderson, Chief Financial Officer, and Bill O'Hara, Chief Credit Officer. Both the press release we issued yesterday and the accompanying slide presentation are available on our website at www.bankatfirst.com under the Investor Relations section. We'll make reference to the slides contained in the accompanying presentation during today's call. Additionally, please refer to the forward-looking statement disclosure contained in the first quarter 2025 earnings release, as well as our SEC filings, for full discussion of the company's risk factors. The information we will provide today is accurate as of March 31st, 2025, and we will not be updating any forward-looking statements to reflect facts or circumstances after this call. And I'll turn the call over to Archie Brown. Thanks, Scott. Good morning, everyone, and thank you for joining us on today's call. Yesterday afternoon, we announced our financial results for the first quarter. Before I turn the call to Jamie, I'd like to make provide a few comments on our recent performance. We had another pleased with our performance overall. Adjusted earnings per share was 63 cents with a return on assets of 1.33% and return on tangible common equity of 17.8%. Our net interest margin remains strong, but declined slightly for the quarter as the decline in loan yields outpaced the decrease in deposit costs. Given current short-term interest rates, we expect the margin to expand in the near term. Loan balances were stable during the quarter. First quarter loan production w...