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First Financial tops 1Q profit forecasts

CINCINNATI (AP) _ First Financial Bancorp (FFBC) on Thursday reported first-quarter profit of $24.4 million.

The Cincinnati-based bank said it had earnings of 39 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The holding company for First Financial Bank posted revenue of $96.2 million in the period. Its adjusted revenue was $86.3 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $86.8 million.

First Financial shares have declined nearly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.40, a rise of 40 percent 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


Keywords: First Financial Bancorp, Earnings Report