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First Financial: 3Q Earnings Snapshot

CINCINNATI (AP) _ First Financial Bancorp (FFBC) on Thursday reported third-quarter net income of $50.9 million.

The Cincinnati-based bank said it had earnings of 51 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The holding company for First Financial Bank posted revenue of $186.8 million in the period. Its revenue net of interest expense was $154.7 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $151 million.

First Financial shares have risen roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.36, a fall of 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFBC at https://www.zacks.com/ap/FFBC