First Financial Bancorp. (NASDAQGS:FFBC) is scheduled to report Q4 earnings results after the market close on Thursday, January 23, 2020. Management will hold a teleconference and webcast to discuss results on Friday, January 24, 2020, at 8:30 a.m.
The company is expected to report earnings of $0.53/share on revenue of $155.2 million. The consensus earnings per share (EPS) of $0.53/share is based on a poll of 5 analysts and represents a decline of -13.1% over the same quarter last year when the company reported earnings of $0.61/share.
The revenue forecast of $155.2 million based on a poll of 4 analysts implies a year-over-year (YoY) decline of -1.1%. Last year the company reported $156.9 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters and met expectations 1 quarter.
What are your expectations from First Financial for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price reacted by falling by -3.0%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
First Financial is currently trading at $24.84/share, down -2.2% for the day. The company is trading at approximately 86.9% of its 52-week high of $28.59/share. The company’s stock price is up 6.9% since the last earnings report and down -0.6% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 59.87 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 12.3x and a forward P/E multiple of 12.0x. FFBC’s current share price also implies a price-to-book (P/B) multiple of 1.1x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$24.84|
|P/E Ratio (Fwd)||12.0x|
|Total Debt to Capital (%)||41.4%|
|Levered Free Cash Flow||$177 million|
|Market Capitalization||$2.523 billion|
Company Profile: First Financial Bancorp.
First Financial Bancorp. is a mid-cap stock with a market capitalization of $2.523 billion. The company operates in the Financial sector and the Banks industry.
First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois.
The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It also provides real estate loans secured by residential property or commercial property; commercial and industrial loans for various purposes, including inventory, receivables, and equipment; consumer loans comprising new and used vehicle loans, second mortgages on residential real estate, and unsecured loans; and home equity lines of credit. In addition, the company offers commercial financing to the insurance industry, registered investment advisors, certified public accountants, indirect auto finance companies, and restaurant franchisees. The company also offers a range of trust and wealth management services; and long-term, lease, and equipment financing services.
As of December 31, 2018, the company operated 67 banking centers in Ohio; 3 banking centers in Illinois; 73 banking centers in Indiana; and 16 banking centers in Kentucky.
First Financial Bancorp. was founded in 1863 and is headquartered in Cincinnati, Ohio.