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First Financial Bancorp (FFBC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

First Financial Bancorp (FFBC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. First Financial Bancorp operates in the financial services sector. As a banking company, it conducts retail and commercial banking and commercial finance operations. It mainly caters to real estate sector with real estate loans. First Financial Bancorp has a market cap of $2.75 billion; its shares were traded at around $28.10 with a P/E ratio of 14.56 and P/S ratio of 4.62. The dividend yield of First Financial Bancorp stocks is 2.77%.


For the last quarter First Financial Bancorp reported a revenue of $155.4 million, compared with the revenue of $93.78 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $552.2 million, an increase of 53.8% from last year. For the last five years First Financial Bancorp had an average revenue growth rate of 11.4% a year.

The reported diluted earnings per share was $1.93 for the year, an increase of 23.7% from previous year. Over the last five years First Financial Bancorp had an EPS growth rate of 16.9% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, First Financial Bancorp has the cash and cash equivalents of $274.0 million, compared with $184.6 million in the previous year. The long term debt was $570.7 million, compared with $119.7 million in the previous year. First Financial Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $28.10, First Financial Bancorp is traded at 44.7% premium to its historical median P/S valuation band of $19.42. The P/S ratio of the stock is 4.62, while the historical median P/S ratio is 3.19. The stock gained 1.01% during the past 12 months.

For the complete 20-year historical financial data of FFBC, click here.

This article first appeared on GuruFocus.