Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 25, 2024

FIRST FINANCIAL BANCORP.

(Exact name of registrant as specified in its charter)

Ohio

001-34762

31-1042001

(State or other jurisdiction of
incorporation or organization)

(Commission File Number)

(I.R.S. employer
identification number)

255 East Fifth Street, Suite 800

Cincinnati,

Ohio

45202

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (877) 322-9530

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of exchange on which registered

Common stock, No par value

FFBC

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 25, 2024, First Financial Bancorp. (the "Company") issued its earnings press release that included its results of operations and financial condition for the first six months and second quarter of 2024. A copy of the earnings press release is attached as Exhibit 99.1.

The Company also provided electronic presentation slides that will be used in connection with the earnings conference call. A copy of the electronic presentation slides is included in this Report as Exhibit 99.2 and will be available on the Company's website, www.bankatfirst.com.

The information set forth in this Current Report on Form 8-K (including the information in Exhibits 99.1 and 99.2 attached hereto) is being furnished to the Securities and Exchange Commission and is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") , or otherwise subject to the liabilities under the Exchange Act. Such information shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

The following exhibits shall not be deemed to be "filed" for purposes of the Exchange Act:

Exhibit No. Description

99.1 First Financial Bancorp. Press Release dated July 25, 2024

99.2 First Financial Bancorp. presentation materials

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST FINANCIAL BANCORP.


		By: /s/ James M. Anderson
		James M. Anderson
		Executive Vice President and Chief Financial Officer

Date:	July 25, 2024

Exhibit 99.1

First Financial Bancorp Announces Second Quarter 2024

Financial Results and Quarterly Dividend Increase

•Earnings per diluted share of $0.64; $0.65 on an adjusted(1) basis

•Return on average assets of 1.38%; 1.40% on an adjusted(1) basis

•Net interest margin on FTE basis(1) of 4.10%

•Record fee income of $61.5 million

•Loan growth of $316.1 million; 11.3% on an annualized basis

•Average deposit growth of $351.1 million; 10.6% on an annualized basis

•Net charge-offs 0.15% of total loans; 23 bp decline from linked quarter

•Board of Directors approved quarterly dividend increase to $0.24

Cincinnati, Ohio - July 25, 2024. First Financial Bancorp. (Nasdaq: FFBC) (“First Financial” or the “Company”) announced financial results for the three and six months ended June 30, 2024.

For the three months ended June 30, 2024, the Company reported net income of $60.8 million, or $0.64 per diluted common share. These results compare to net income of $50.7 million, or $0.53 per diluted common share, for the first quarter of 2024. For the six months ended June 30, 2024, First Financial had earnings per diluted share of $1.17 compared to $1.43 for the same period in 2023.

Return on average assets for the second quarter of 2024 was 1.38% while return on average tangible common equity was 20.57%(1). These compare to return on average assets of 1.18% and return on average tangible common equity of 17.35%(1) in the first quarter of 2024.

Second quarter 2024 highlights include:

•Net interest margin of 4.06%, or 4.10% on a fully tax-equivalent basis(1)

◦Unchanged from first quarter, exceeding expectations

◦14 bp increase in earning asset yields driven by 10 bp increase in loan yields and 22 bp increase in yield on the investment securities portfolio

◦Cost of deposits increased 14 bp during second quarter; pace of increase moderated compared to 22 bp increase in first quarter

•Record noninterest income of $61.5 million, or $61.6 million as adjusted(1)

◦Foreign exchange income increased $6.4 million, or 60.9% from first quarter

◦Strong leasing business income of $16.8 million; 15.3% increase from first quarter

◦Record wealth management income; 7.4% increase from linked quarter

◦Double digit percentage growth from linked quarter in mortgage banking and bankcard income

•Noninterest expenses of $123.6 million, or $122.5 million as adjusted(1); 1.2% increase from linked quarter

◦Increase driven by variable compensation tied to fee income

◦Second quarter adjustments(1) include $0.4 million of efficiency related costs and $0.8 million of other costs such as acquisition, severance and branch consolidation costs

◦Efficiency ratio of 57.5%; 57.0% as adjusted(1)

•Solid loan growth during the quarter

◦Loan balances increased $316.1 million compared to the linked quarter; 11.3% annualized growth

◦Broad-based growth driven by C&I, Agile and Summit

_________________________________________________________________________________________

(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled “Use of Non-GAAP Financial Measures” in this release and “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

•Strong average deposit growth during the quarter

◦Average deposits increased $351.1 million, or 10.6% on an annualized basis

◦Second quarter included approximately $100 million of seasonal public fund increases

◦Growth in money market accounts, retail CDs and brokered CDs offset modest declines in noninterest bearing checking and savings balances

•Total Allowance for Credit Losses of $172.6 million; Total quarterly provision expense of $16.4 million

◦Loans and leases - ACL of $156.2 million; ratio to total loans of 1.36% increased 7 bps from first quarter

◦Unfunded Commitments - ACL of $16.4 million

◦Provision expense driven by loan growth and downward credit migration; Classified assets 1.07% of total assets

◦Annualized net charge-offs were 15 bps of total loans; 23 bps decline from linked quarter

•Capital ratios stable and strong

◦Total capital ratio increased 16 bps to 14.47%

◦Tier 1 common equity increased 11 bps to 11.78%

◦Tangible common equity of 7.23%(1); 9.13%(1) excluding impact from AOCI

◦Tangible book value per share of $12.94(1); 3.5% increase from linked quarter

Additionally, the board of directors approved a quarterly dividend of $0.24 per common share for the next regularly scheduled dividend, payable on September 16, 2024 to shareholders of record as of September 2, 2024.

Archie Brown, President and CEO, commented on the quarter, “We had an outstanding quarter. Adjusted(1) earnings per share were $0.65 per share, which resulted in an adjusted(1) return on assets of 1.40% and an adjusted(1) return on tangible common equity of 20.88%. Loan growth was exceptionally strong again this quarter with balances increasing by 11% on an annualized basis, and was a significant driver to the increase to net interest income. Growth was broad-based and was led by Commercial Banking. Similarly, average deposits grew approximately 11% for the period, with interest bearing deposits and a seasonal increase in public fund balances driving the increase. Our 4.10% tax equivalent net interest margin was unchanged from the first quarter and remains at or near the top of our peer group.”

Mr. Brown continued, “Total adjusted(1) revenue increased $14.4 million, or 7% compared to the linked quarter. Additionally, we posted record adjusted(1) noninterest income of $61.6 million. Growth in fee income was broad-based for the period with foreign exchange revenue growing more than 60% from the linked quarter. Leasing business income, mortgage banking and bankcard income all increased by double digit percentages and wealth management income posted another record quarter. Adjusted(1) expenses increased by 1.2% compared to the first quarter. The increase included a full quarter of Agile expenses, the impact of annual salary adjustments that occurred late in the first quarter and variable compensation tied to our record fee income. Through our workforce efficiency initiative, we have eliminated 90 full-time positions to date, and this work will continue through the remainder of the year.”

Mr. Brown commented on asset quality and the ACL, “I am pleased with the 23 basis point decline in net charge-offs to 15 basis points, which marks the third consecutive quarter that charge-offs have declined. We did experience some downward credit migration during the period, however this was not concentrated in any particular loan type, and nonperforming loans as a percentage of total assets was relatively flat compared to the prior quarter. Our ACL increased to 1.36% of total loans, and based on our outlook for loan growth and credit quality, we would expect provision to decline to levels approximating the first quarter in the coming periods.”

Mr. Brown concluded, “We are pleased to announce that our Board of Directors approved a $0.01 increase in the common dividend to $0.24. The 4.3% dividend increase results in a dividend payout ratio within our target range of 35% - 40% of net income and increases our already attractive yield. I am encouraged with our operating performance through the first half of 2024 and look forward to continued success for the full year.”

Full detail of the Company’s second quarter 2024 performance is provided in the accompanying financial statements and slide presentation.

Teleconference / Webcast Information

First Financial’s executive management will host a conference call to discuss the Company’s financial and operating results on Friday, July 26, 2024 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (888) 550-5723 (U.S. toll free) or (646) 960-0471 (U.S. local), access code 5048068. The number should be dialed five to ten minutes prior to the start of the conference call. A replay of the conference call will be available beginning one hour after the completion of the live call at (800) 770-2030 (U.S. toll free), (609) 800-9099 (U.S. toll), access code 5048068. The recording will be available until August 9, 2024. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company’s website at www.bankatfirst.com. The webcast will be archived on the Investor Relations section of the Company’s website for 12 months.

Press Release and Additional Information on Website

This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.

Use of Non-GAAP Financial Measures

This earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company’s results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

Forward-Looking Statements

Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements.

As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation:

•economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business;

•future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses

•the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry;

•Management’s ability to effectively execute its business plans;

•mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;

•the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period;

•the effect of changes in accounting policies and practices;

•changes in consumer spending, borrowing and saving and changes in unemployment;

•changes in customers’ performance and creditworthiness;

•the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

•current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth;

•the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;

•our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

•financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;

•the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;

•the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;

•a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;

•the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and

•our ability to develop and execute effective business plans and strategies.

Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2023, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov.

All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.

About First Financial Bancorp.

First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of June 30, 2024, the Company had $18.2 billion in assets, $11.5 billion in loans, $13.7 billion in deposits and $2.3 billion in shareholders’ equity. The Company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $3.6 billion in assets under management as of June 30, 2024. The Company operated 131 full service banking centers as of June 30, 2024, located in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.

Contact Information

Investors/Analysts Media

Jamie Anderson Tim Condron

Chief Financial Officer Director of Corporate Communications

(513) 887-5400 (513) 979-5796

InvestorRelations@bankatfirst.com media@bankatfirst.com

Selected Financial Information

June 30, 2024

(unaudited)


Contents			Page
Consolidated Financial Highlights			2
Consolidated Quarterly Statements of Income			3
Consolidated Quarterly Statements of Income			4-5
Consolidated Statements of Condition			6
Average Consolidated Statements of Condition			7
Net Interest Margin Rate / Volume Analysis			45,513
Credit Quality			10
Capital Adequacy			11


FIRST FINANCIAL BANCORP.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
(Unaudited)

	Three Months Ended,															Six months ended,
	June 30,			Mar. 31,			Dec. 31,			Sep. 30,			June 30,			June 30,
	2024			2024			2023			2023			2023			2024			2023
RESULTS OF OPERATIONS
Net income	$	60,805		$	50,689		$	56,732		$	63,061		$	65,667		$	111,494		$	136,070
Net earnings per share - basic	$	0.64		$	0.54		$	0.60		$	0.67		$	0.70		$	1.18		$	1.45
Net earnings per share - diluted	$	0.64		$	0.53		$	0.60		$	0.66		$	0.69		$	1.17		$	1.43
Dividends declared per share	$	0.23		$	0.23		$	0.23		$	0.23		$	0.23		$	0.46		$	0.46

KEY FINANCIAL RATIOS
Return on average assets	1.38		%	1.18		%	1.31		%	1.48		%	1.55		%	1.28		%	1.62		%
Return on average shareholders' equity	10.72		%	9.00		%	10.50		%	11.62		%	12.32		%	9.86		%	13.00		%
Return on average tangible shareholders' equity (1)	20.57		%	17.35		%	21.36		%	23.60		%	25.27		%	18.97		%	27.08		%

Net interest margin	4.06		%	4.05		%	4.21		%	4.28		%	4.43		%	4.06		%	4.47		%
Net interest margin (fully tax equivalent) (1)(2)	4.10		%	4.10		%	4.26		%	4.33		%	4.48		%	4.10		%	4.51		%

Ending shareholders' equity as a percent of ending assets	12.81		%	12.99		%	12.94		%	12.49		%	12.54		%	12.81		%	12.54		%
Ending tangible shareholders' equity as a percent of:
Ending tangible assets (1)	7.23		%	7.23		%	7.17		%	6.50		%	6.56		%	7.23		%	6.56		%
Risk-weighted assets (1)	8.95		%	8.80		%	8.81		%	7.88		%	8.03		%	8.95		%	8.03		%

Average shareholders' equity as a percent of average assets	12.87		%	13.09		%	12.52		%	12.70		%	12.60		%	12.98		%	12.45		%
Average tangible shareholders' equity as a percent of average tangible assets (1)	7.15		%	7.25		%	6.57		%	6.69		%	6.57		%	7.20		%	6.39		%

Book value per share	$	24.36		$	23.95		$	23.84		$	22.39		$	22.52		$	24.36		$	22.52
Tangible book value per share (1)	$	12.94		$	12.50		$	12.38		$	10.91		$	11.02		$	12.94		$	11.02

Common equity tier 1 ratio (3)	11.78		%	11.67		%	11.73		%	11.60		%	11.34		%	11.78		%	11.34		%
Tier 1 ratio (3)	12.11		%	12.00		%	12.06		%	11.94		%	11.68		%	12.11		%	11.68		%
Total capital ratio (3)	14.47		%	14.31		%	14.26		%	14.19		%	14.16		%	14.47		%	14.16		%
Leverage ratio (3)	9.73		%	9.75		%	9.70		%	9.59		%	9.33		%	9.73		%	9.33		%

AVERAGE BALANCE SHEET ITEMS
Loans (4)	$	11,440,930		$	11,066,184		$	10,751,028		$	10,623,734		$	10,513,505		$	11,253,557		$	10,443,791

Investment securities	3,131,541			3,137,665			3,184,408			3,394,237			3,560,453			3,134,603			3,597,678
Interest-bearing deposits with other banks	599,348			553,654			548,153			386,173			329,584			576,501			323,837
Total earning assets	$	15,171,819		$	14,757,503		$	14,483,589		$	14,404,144		$	14,403,542		$	14,964,661		$	14,365,306
Total assets	$	17,728,251		$	17,306,221		$	17,124,955		$	16,951,389		$	16,968,055		$	17,517,236		$	16,955,596
Noninterest-bearing deposits	$	3,144,198		$	3,169,750		$	3,368,024		$	3,493,305		$	3,663,419		$	3,156,974		$	3,808,362
Interest-bearing deposits	10,486,068			10,109,416			9,834,819			9,293,860			9,050,464			10,297,742			8,954,379
Total deposits	$	13,630,266		$	13,279,166		$	13,202,843		$	12,787,165		$	12,713,883		$	13,454,716		$	12,762,741
Borrowings	$	1,171,246		$	1,139,014		$	1,083,954		$	1,403,071		$	1,523,699		$	1,155,130		$	1,479,265
Shareholders' equity	$	2,281,040		$	2,265,562		$	2,144,482		$	2,153,601		$	2,137,765		$	2,273,301		$	2,110,141

CREDIT QUALITY RATIOS
Allowance to ending loans	1.36		%	1.29		%	1.29		%	1.36		%	1.41		%	1.36		%	1.41		%
Allowance to nonaccrual loans	249.21		%	243.55		%	215.10		%	193.75		%	276.70		%	249.21		%	276.70		%


Nonaccrual loans to total loans	0.54		%	0.53		%	0.60		%	0.70		%	0.51		%	0.54		%	0.51		%
Nonperforming assets to ending loans, plus OREO	0.54		%	0.53		%	0.60		%	0.71		%	0.51		%	0.54		%	0.51		%
Nonperforming assets to total assets	0.35		%	0.34		%	0.38		%	0.44		%	0.32		%	0.35		%	0.32		%
Classified assets to total assets	1.07		%	0.92		%	0.80		%	0.82		%	0.81		%	1.07		%	0.81		%
Net charge-offs to average loans (annualized)	0.15		%	0.38		%	0.46		%	0.61		%	0.22		%	0.27		%	0.11		%

(2) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.

(3) June 30, 2024 regulatory capital ratios are preliminary.

(4) Includes loans held for sale.


FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	Three months ended,								Six months ended,
	June 30,								June 30,
	2024			2023			% Change		2024			2023			% Change
Interest income
Loans and leases, including fees	$	211,760		$	184,387		14.8	%	$	413,600		$	354,093		16.8	%
Investment securities
Taxable	30,295			32,062			(5.5)	%	58,591			63,929			(8.3)	%
Tax-exempt	2,704			3,513			(23.0)	%	5,796			6,977			(16.9)	%
Total investment securities interest	32,999			35,575			(7.2)	%	64,387			70,906			(9.2)	%
Other earning assets	7,960			3,933			102.4	%	15,418			7,477			106.2	%
Total interest income	252,719			223,895			12.9	%	493,405			432,476			14.1	%

Interest expense
Deposits	83,022			44,292			87.4	%	159,097			75,748			110.0	%
Short-term borrowings	11,395			15,536			(26.7)	%	22,338			28,486			(21.6)	%
Long-term borrowings	4,991			4,835			3.2	%	9,919			9,692			2.3	%
Total interest expense	99,408			64,663			53.7	%	191,354			113,926			68.0	%
Net interest income	153,311			159,232			(3.7)	%	302,051			318,550			(5.2)	%
Provision for credit losses-loans and leases	16,157			12,719			27.0	%	29,576			21,363			38.4	%
Provision for credit losses-unfunded commitments	286			(1,994)			(114.3)	%	(1,973)			(159)			1,140.9	%
Net interest income after provision for credit losses	136,868			148,507			(7.8)	%	274,448			297,346			(7.7)	%

Noninterest income
Service charges on deposit accounts	7,188			6,972			3.1	%	14,100			13,486			4.6	%
Wealth management fees	7,172			6,713			6.8	%	13,848			13,047			6.1	%
Bankcard income	3,900			3,692			5.6	%	7,042			7,284			(3.3)	%
Client derivative fees	763			1,827			(58.2)	%	2,013			2,832			(28.9)	%
Foreign exchange income	16,787			15,039			11.6	%	27,222			31,937			(14.8)	%
Leasing business income	16,828			10,265			63.9	%	31,417			23,929			31.3	%
Net gains from sales of loans	4,479			3,839			16.7	%	8,263			6,174			33.8	%
Net gain (loss) on sale of investment securities	0			(384)			(100.0)	%	(5,277)			(403)			1,209.4	%
Net gain (loss) on equity securities	(64)			(82)			(22.0)	%	26			58			(55.2)	%


Other	4,448			5,377			(17.3)	%	9,359			10,457			(10.5)	%
Total noninterest income	61,501			53,258			15.5	%	108,013			108,801			(0.7)	%

Noninterest expenses
Salaries and employee benefits	75,225			74,199			1.4	%	149,262			146,453			1.9	%

Net occupancy	5,793			5,606			3.3	%	11,716			11,291			3.8	%
Furniture and equipment	3,646			3,362			8.4	%	7,334			6,679			9.8	%
Data processing	8,877			9,871			(10.1)	%	17,182			18,891			(9.0)	%
Marketing	2,605			2,802			(7.0)	%	4,567			4,962			(8.0)	%
Communication	816			644			26.7	%	1,611			1,278			26.1	%
Professional services	2,885			2,308			25.0	%	5,153			4,254			21.1	%

State intangible tax	875			964			(9.2)	%	1,752			1,949			(10.1)	%
FDIC assessments	2,657			2,806			(5.3)	%	5,437			5,632			(3.5)	%
Intangible amortization	2,396			2,601			(7.9)	%	4,697			5,201			(9.7)	%
Leasing business expense	10,128			6,730			50.5	%	19,882			14,668			35.5	%
Other	7,671			8,722			(12.0)	%	17,336			16,050			8.0	%
Total noninterest expenses	123,574			120,615			2.5	%	245,929			237,308			3.6	%
Income before income taxes	74,795			81,150			(7.8)	%	136,532			168,839			(19.1)	%
Income tax expense (benefit)	13,990			15,483			(9.6)	%	25,038			32,769			(23.6)	%
Net income	$	60,805		$	65,667		(7.4)	%	$	111,494		$	136,070		(18.1)	%

ADDITIONAL DATA
Net earnings per share - basic	$	0.64		$	0.70				$	1.18		$	1.45
Net earnings per share - diluted	$	0.64		$	0.69				$	1.17		$	1.43
Dividends declared per share	$	0.23		$	0.23				$	0.46		$	0.46

Return on average assets	1.38		%	1.55		%			1.28		%	1.62		%
Return on average shareholders' equity	10.72		%	12.32		%			9.86		%	13.00		%

Interest income	$	252,719		$	223,895		12.9	%	$	493,405		$	432,476		14.1	%
Tax equivalent adjustment	1,418			1,601			(11.4)	%	2,953			3,025			(2.4)	%
Interest income - tax equivalent	254,137			225,496			12.7	%	496,358			435,501			14.0	%
Interest expense	99,408			64,663			53.7	%	191,354			113,926			68.0	%
Net interest income - tax equivalent	$	154,729		$	160,833		(3.8)	%	$	305,004		$	321,575		(5.2)	%

Net interest margin	4.06		%	4.43		%			4.06		%	4.47		%
Net interest margin (fully tax equivalent) (1)	4.10		%	4.48		%			4.10		%	4.51		%

Full-time equivalent employees	2,144			2,193

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.


FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	2024
	Second			First			Year to			% Change
	Quarter			Quarter			Date			Linked Qtr.
Interest income
Loans and leases, including fees	$	211,760		$	201,840		$	413,600		4.9	%
Investment securities
Taxable	30,295			28,296			58,591			7.1	%
Tax-exempt	2,704			3,092			5,796			(12.5)	%
Total investment securities interest	32,999			31,388			64,387			5.1	%
Other earning assets	7,960			7,458			15,418			6.7	%
Total interest income	252,719			240,686			493,405			5.0	%

Interest expense
Deposits	83,022			76,075			159,097			9.1	%
Short-term borrowings	11,395			10,943			22,338			4.1	%
Long-term borrowings	4,991			4,928			9,919			1.3	%
Total interest expense	99,408			91,946			191,354			8.1	%
Net interest income	153,311			148,740			302,051			3.1	%
Provision for credit losses-loans and leases	16,157			13,419			29,576			20.4	%
Provision for credit losses-unfunded commitments	286			(2,259)			(1,973)			(112.7)	%
Net interest income after provision for credit losses	136,868			137,580			274,448			(0.5)	%

Noninterest income
Service charges on deposit accounts	7,188			6,912			14,100			4.0	%
Wealth management fees	7,172			6,676			13,848			7.4	%
Bankcard income	3,900			3,142			7,042			24.1	%
Client derivative fees	763			1,250			2,013			(39.0)	%
Foreign exchange income	16,787			10,435			27,222			60.9	%
Leasing business income	16,828			14,589			31,417			15.3	%
Net gains from sales of loans	4,479			3,784			8,263			18.4	%
Net gain (loss) on sale of investment securities	0			(5,277)			(5,277)			(100.0)	%
Net gain (loss) on equity securities	(64)			90			26			171.1	%
Other	4,448			4,911			9,359			(9.4)	%
Total noninterest income	61,501			46,512			108,013			32.2	%

Noninterest expenses
Salaries and employee benefits	75,225			74,037			149,262			1.6	%
Net occupancy	5,793			5,923			11,716			(2.2)	%
Furniture and equipment	3,646			3,688			7,334			(1.1)	%
Data processing	8,877			8,305			17,182			6.9	%
Marketing	2,605			1,962			4,567			32.8	%
Communication	816			795			1,611			2.6	%
Professional services	2,885			2,268			5,153			27.2	%
State intangible tax	875			877			1,752			(0.2)	%
FDIC assessments	2,657			2,780			5,437			(4.4)	%
Intangible amortization	2,396			2,301			4,697			4.1	%
Leasing business expense	10,128			9,754			19,882			3.8	%
Other	7,671			9,665			17,336			(20.6)	%
Total noninterest expenses	123,574			122,355			245,929			1.0	%
Income before income taxes	74,795			61,737			136,532			21.2	%
Income tax expense (benefit)	13,990			11,048			25,038			26.6	%
Net income	$	60,805		$	50,689		$	111,494		20.0	%

ADDITIONAL DATA
Net earnings per share - basic	$	0.64		$	0.54		$	1.18
Net earnings per share - diluted	$	0.64		$	0.53		$	1.17
Dividends declared per share	$	0.23		$	0.23		$	0.46

Return on average assets	1.38		%	1.18		%	1.28		%
Return on average shareholders' equity	10.72		%	9.00		%	9.86		%

Interest income	$	252,719		$	240,686		$	493,405		5.0	%
Tax equivalent adjustment	1,418			1,535			2,953			(7.6)	%
Interest income - tax equivalent	254,137			242,221			496,358			4.9	%
Interest expense	99,408			91,946			191,354			8.1	%
Net interest income - tax equivalent	$	154,729		$	150,275		$	305,004		3.0	%

Net interest margin	4.06		%	4.05		%	4.06		%
Net interest margin (fully tax equivalent) (1)	4.10		%	4.10		%	4.10		%

Full-time equivalent employees	2,144			2,116

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.


FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	2023
	Fourth			Third			Second			First			Full
	Quarter			Quarter			Quarter			Quarter			Year
Interest income
Loans and leases, including fees	$	197,416		$	192,261		$	184,387		$	169,706		$	743,770
Investment securities
Taxable	30,294			31,297			32,062			31,867			125,520
Tax-exempt	3,402			3,522			3,513			3,464			13,901
Total investment securities interest	33,696			34,819			35,575			35,331			139,421
Other earning assets	7,325			5,011			3,933			3,544			19,813
Total interest income	238,437			232,091			223,895			208,581			903,004

Interest expense
Deposits	69,193			57,069			44,292			31,456			202,010
Short-term borrowings	10,277			14,615			15,536			12,950			53,378
Long-term borrowings	5,202			4,952			4,835			4,857			19,846
Total interest expense	84,672			76,636			64,663			49,263			275,234
Net interest income	153,765			155,455			159,232			159,318			627,770
Provision for credit losses-loans and leases	8,804			12,907			12,719			8,644			43,074
Provision for credit losses-unfunded commitments	1,426			(1,234)			(1,994)			1,835			33
Net interest income after provision for credit losses	143,535			143,782			148,507			148,839			584,663

Noninterest income
Service charges on deposit accounts	6,846			6,957			6,972			6,514			27,289
Wealth management fees	6,091			6,943			6,713			6,334			26,081
Bankcard income	3,349			3,406			3,692			3,592			14,039
Client derivative fees	711			1,612			1,827			1,005			5,155
Foreign exchange income	8,730			13,384			15,039			16,898			54,051
Leasing business income	12,856			14,537			10,265			13,664			51,322
Net gains from sales of loans	2,957			4,086			3,839			2,335			13,217
Net gain (loss) on sale of investment securities	(851)			(4)			(384)			(19)			(1,258)
Net gain (loss) on equity securities	202			(54)			(82)			140			206
Other	6,102			5,761			5,377			5,080			22,320
Total noninterest income	46,993			56,628			53,258			55,543			212,422

Noninterest expenses
Salaries and employee benefits	70,637			75,641			74,199			72,254			292,731
Net occupancy	5,890			5,809			5,606			5,685			22,990
Furniture and equipment	3,523			3,341			3,362			3,317			13,543
Data processing	8,488			8,473			9,871			9,020			35,852
Marketing	2,087			2,598			2,802			2,160			9,647
Communication	707			744			644			634			2,729
Professional services	3,148			2,524			2,308			1,946			9,926
State intangible tax	984			981			964			985			3,914
FDIC assessments	3,651			2,665			2,806			2,826			11,948
Intangible amortization	2,601			2,600			2,601			2,600			10,402
Leasing business expense	8,955			8,877			6,730			7,938			32,500
Other	8,466			7,791			8,722			7,328			32,307
Total noninterest expenses	119,137			122,044			120,615			116,693			478,489
Income before income taxes	71,391			78,366			81,150			87,689			318,596
Income tax expense (benefit)	14,659			15,305			15,483			17,286			62,733
Net income	$	56,732		$	63,061		$	65,667		$	70,403		$	255,863

ADDITIONAL DATA
Net earnings per share - basic	$	0.60		$	0.67		$	0.70		$	0.75		$	2.72
Net earnings per share - diluted	$	0.60		$	0.66		$	0.69		$	0.74		$	2.69
Dividends declared per share	$	0.23		$	0.23		$	0.23		$	0.23		$	0.92

Return on average assets	1.31		%	1.48		%	1.55		%	1.69		%	1.51		%
Return on average shareholders' equity	10.50		%	11.62		%	12.32		%	13.71		%	12.01		%

Interest income	$	238,437		$	232,091		$	223,895		$	208,581		$	903,004
Tax equivalent adjustment	1,672			1,659			1,601			1,424			6,356
Interest income - tax equivalent	240,109			233,750			225,496			210,005			909,360
Interest expense	84,672			76,636			64,663			49,263			275,234
Net interest income - tax equivalent	$	155,437		$	157,114		$	160,833		$	160,742		$	634,126

Net interest margin	4.21		%	4.28		%	4.43		%	4.51		%	4.36		%
Net interest margin (fully tax equivalent) (1)	4.26		%	4.33		%	4.48		%	4.55		%	4.40		%

Full-time equivalent employees	2,129			2,121			2,193			2,066

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.


FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	June 30,		Mar. 31,		Dec. 31,		Sep. 30,		June 30,		% Change		% Change
	2024		2024		2023		2023		2023		Linked Qtr.		Comp Qtr.
ASSETS
Cash and due from banks	$	193,794	$	199,407	$	213,059	$	220,335	$	217,385	(2.8)	%	(10.9)	%
Interest-bearing deposits with other banks	738,555		751,290		792,960		452,867		485,241		(1.7)	%	52.2	%
Investment securities available-for-sale	3,036,758		2,850,667		3,021,126		3,044,361		3,249,404		6.5	%	(6.5)	%
Investment securities held-to-maturity	78,921		79,542		80,321		81,236		82,372		(0.8)	%	(4.2)	%
Other investments	132,412		125,548		129,945		133,725		141,892		5.5	%	(6.7)	%
Loans held for sale	16,911		11,534		9,213		12,391		15,267		46.6	%	10.8	%
Loans and leases
Commercial and industrial	3,782,487		3,591,428		3,501,221		3,420,873		3,433,162		5.3	%	10.2	%
Lease financing	534,557		492,862		474,817		399,973		360,801		8.5	%	48.2	%
Construction real estate	741,406		641,596		564,832		578,824		536,464		15.6	%	38.2	%
Commercial real estate	4,076,596		4,145,969		4,080,939		3,992,654		4,048,460		(1.7)	%	0.7	%
Residential real estate	1,377,290		1,344,677		1,333,674		1,293,470		1,221,484		2.4	%	12.8	%
Home equity	800,860		773,811		758,676		743,991		728,711		3.5	%	9.9	%
Installment	148,530		153,838		159,078		160,648		165,216		(3.5)	%	(10.1)	%
Credit card	59,477		60,939		59,939		56,386		55,911		(2.4)	%	6.4	%
Total loans	11,521,203		11,205,120		10,933,176		10,646,819		10,550,209		2.8	%	9.2	%
Less:
Allowance for credit losses	(156,185)		(144,274)		(141,433)		(145,201)		(148,646)		8.3	%	5.1	%
Net loans	11,365,018		11,060,846		10,791,743		10,501,618		10,401,563		2.7	%	9.3	%
Premises and equipment	197,873		198,428		194,740		192,572		192,077		(0.3)	%	3.0	%
Operating leases	167,472		161,473		153,214		136,883		132,272		3.7	%	26.6	%
Goodwill	1,007,656		1,007,656		1,005,868		1,005,868		1,005,828		0.0	%	0.2	%
Other intangibles	83,528		85,603		83,949		86,378		88,662		(2.4)	%	(5.8)	%

Accrued interest and other assets	1,147,282		1,067,244		1,056,762		1,186,618		1,078,186		7.5	%	6.4	%
Total Assets	$	18,166,180	$	17,599,238	$	17,532,900	$	17,054,852	$	17,090,149	3.2	%	6.3	%

LIABILITIES
Deposits
Interest-bearing demand	$	2,922,540	$	2,916,518	$	2,993,219	$	2,880,617	$	2,919,472	0.2	%	0.1	%
Savings	4,628,320		4,467,894		4,331,228		4,023,455		3,785,445		3.6	%	22.3	%
Time	3,049,635		2,896,860		2,718,390		2,572,909		2,484,780		5.3	%	22.7	%
Total interest-bearing deposits	10,600,495		10,281,272		10,042,837		9,476,981		9,189,697		3.1	%	15.4	%
Noninterest-bearing	3,061,427		3,175,876		3,317,960		3,438,572		3,605,181		(3.6)	%	(15.1)	%
Total deposits	13,661,922		13,457,148		13,360,797		12,915,553		12,794,878		1.5	%	6.8	%


FHLB short-term borrowings	1,040,000		700,000		800,000		755,000		1,050,300		48.6	%	(1.0)	%
Other	139,172		162,145		137,814		219,188		165,983		(14.2)	%	(16.2)	%
Total short-term borrowings	1,179,172		862,145		937,814		974,188		1,216,283		36.8	%	(3.1)	%
Long-term debt	338,556		343,236		344,115		340,902		339,963		(1.4)	%	(0.4)	%
Total borrowed funds	1,517,728		1,205,381		1,281,929		1,315,090		1,556,246		25.9	%	(2.5)	%
Accrued interest and other liabilities	660,091		649,706		622,200		694,700		595,606		1.6	%	10.8	%
Total Liabilities	15,839,741		15,312,235		15,264,926		14,925,343		14,946,730		3.4	%	6.0	%

SHAREHOLDERS' EQUITY
Common stock	1,635,705		1,632,971		1,638,972		1,636,054		1,632,659		0.2	%	0.2	%
Retained earnings	1,204,844		1,166,065		1,136,718		1,101,905		1,060,715		3.3	%	13.6	%
Accumulated other comprehensive income (loss)	(323,409)		(321,109)		(309,819)		(410,005)		(353,010)		0.7	%	(8.4)	%
Treasury stock, at cost	(190,701)		(190,924)		(197,897)		(198,445)		(196,945)		(0.1)	%	(3.2)	%
Total Shareholders' Equity	2,326,439		2,287,003		2,267,974		2,129,509		2,143,419		1.7	%	8.5	%
Total Liabilities and Shareholders' Equity	$	18,166,180	$	17,599,238	$	17,532,900	$	17,054,852	$	17,090,149	3.2	%	6.3	%


FIRST FINANCIAL BANCORP.
AVERAGE CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	Quarterly Averages										Year-to-Date Averages
	June 30,		Mar. 31,		Dec. 31,		Sep. 30,		June 30,		June 30,
	2024		2024		2023		2023		2023		2024		2023
ASSETS
Cash and due from banks	$	174,435	$	204,119	$	214,678	$	211,670	$	221,527	$	189,277	$	220,133

Interest-bearing deposits with other banks	599,348		553,654		548,153		386,173		329,584		576,501		323,837
Investment securities	3,131,541		3,137,665		3,184,408		3,394,237		3,560,453		3,134,603		3,597,678
Loans held for sale	14,075		12,069		12,547		15,420		11,856		13,072		8,711
Loans and leases
Commercial and industrial	3,716,083		3,543,475		3,422,381		3,443,615		3,469,683		3,629,779		3,463,218
Lease financing	509,758		480,540		419,179		371,598		323,819		495,149		288,217
Construction real estate	683,780		603,974		540,314		547,884		518,190		643,877		527,192
Commercial real estate	4,146,764		4,101,238		4,060,733		4,024,798		4,050,946		4,124,001		4,034,077
Residential real estate	1,361,133		1,336,749		1,320,670		1,260,249		1,181,053		1,348,941		1,148,651
Home equity	790,384		765,410		750,925		735,251		726,333		777,897		727,254
Installment	151,753		157,663		160,242		164,092		172,147		154,708		188,947
Credit card	67,200		65,066		64,037		60,827		59,478		66,133		57,524
Total loans	11,426,855		11,054,115		10,738,481		10,608,314		10,501,649		11,240,485		10,435,080
Less:
Allowance for credit losses	(147,666)		(143,950)		(149,398)		(150,297)		(145,578)		(145,808)		(141,024)
Net loans	11,279,189		10,910,165		10,589,083		10,458,017		10,356,071		11,094,677		10,294,056
Premises and equipment	199,096		198,482		194,435		194,228		190,583		198,789		190,465
Operating leases	156,457		154,655		139,331		132,984		138,725		155,556		122,996
Goodwill	1,007,657		1,006,477		1,005,870		1,005,844		1,005,791		1,007,067		1,005,752
Other intangibles	84,577		84,109		85,101		87,427		89,878		84,343		91,225

Accrued interest and other assets	1,081,876		1,044,826		1,151,349		1,065,389		1,063,587		1,063,351		1,100,743
Total Assets	$	17,728,251	$	17,306,221	$	17,124,955	$	16,951,389	$	16,968,055	$	17,517,236	$	16,955,596

LIABILITIES
Deposits
Interest-bearing demand	$	2,888,252	$	2,895,768	$	2,988,086	$	2,927,416	$	2,906,855	$	2,892,010	$	2,906,784
Savings	4,617,658		4,399,768		4,235,658		3,919,590		3,749,902		4,508,713		3,784,164
Time	2,980,158		2,813,880		2,611,075		2,446,854		2,393,707		2,897,019		2,263,431
Total interest-bearing deposits	10,486,068		10,109,416		9,834,819		9,293,860		9,050,464		10,297,742		8,954,379
Noninterest-bearing	3,144,198		3,169,750		3,368,024		3,493,305		3,663,419		3,156,974		3,808,362
Total deposits	13,630,266		13,279,166		13,202,843		12,787,165		12,713,883		13,454,716		12,762,741
Federal funds purchased and securities sold
under agreements to repurchase	750		4,204		3,586		10,788		21,881		2,477		24,118
FHLB short-term borrowings	669,111		646,187		554,826		878,199		1,028,207		657,649		976,960
Other	161,913		146,127		185,221		175,682		132,088		154,020		135,622
Total short-term borrowings	831,774		796,518		743,633		1,064,669		1,182,176		814,146		1,136,700
Long-term debt	339,472		342,496		340,321		338,402		341,523		340,984		342,565
Total borrowed funds	1,171,246		1,139,014		1,083,954		1,403,071		1,523,699		1,155,130		1,479,265
Accrued interest and other liabilities	645,699		622,479		693,676		607,552		592,708		634,089		603,449
Total Liabilities	15,447,211		15,040,659		14,980,473		14,797,788		14,830,290		15,243,935		14,845,455

SHAREHOLDERS' EQUITY
Common stock	1,634,183		1,637,835		1,637,197		1,634,102		1,631,230		1,636,009		1,632,307
Retained earnings	1,179,827		1,144,447		1,111,786		1,076,515		1,034,092		1,162,137		1,012,057
Accumulated other comprehensive loss	(341,941)		(319,601)		(406,265)		(358,769)		(330,263)		(330,771)		(334,831)
Treasury stock, at cost	(191,029)		(197,119)		(198,236)		(198,247)		(197,294)		(194,074)		(199,392)
Total Shareholders' Equity	2,281,040		2,265,562		2,144,482		2,153,601		2,137,765		2,273,301		2,110,141
Total Liabilities and Shareholders' Equity	$	17,728,251	$	17,306,221	$	17,124,955	$	16,951,389	$	16,968,055	$	17,517,236	$	16,955,596


FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS
(Dollars in thousands)
(Unaudited)

	Quarterly Averages																				Year-to-Date Averages
	June 30, 2024						March 31, 2024						June 30, 2023						June 30, 2024	June 30, 2023
	Balance		Interest		Yield		Balance		Interest		Yield		Balance		Interest		Yield				Balance		Yield		Balance		Yield
Earning assets
Investments:
Investment securities	$	3,131,541	$	32,999	4.23	%	$	3,137,665	$	31,388	4.01	%	$	3,560,453	$	35,575	4.01	%			$	3,134,603	4.14	%	$	3,597,678	3.97	%
Interest-bearing deposits with other banks	599,348		7,960		5.33	%	553,654		7,458		5.40	%	329,584		3,933		4.79	%			576,501		5.39	%	323,837		4.66	%
Gross loans (1)	11,440,930		211,760		7.42	%	11,066,184		201,840		7.32	%	10,513,505		184,387		7.03	%			11,253,557		7.41	%	10,443,791		6.84	%
Total earning assets	15,171,819		252,719		6.68	%	14,757,503		240,686		6.54	%	14,403,542		223,895		6.23	%			14,964,661		6.65	%	14,365,306		6.07	%

Nonearning assets
Allowance for credit losses	(147,666)						(143,950)						(145,578)								(145,808)				(141,024)
Cash and due from banks	174,435						204,119						221,527								189,277				220,133
Accrued interest and other assets	2,529,663						2,488,549						2,488,564								2,509,106				2,511,181
Total assets	$	17,728,251					$	17,306,221					$	16,968,055							$	17,517,236			$	16,955,596

Interest-bearing liabilities
Deposits:
Interest-bearing demand	$	2,888,252	$	14,923	2.07	%	$	2,895,768	$	14,892	2.06	%	$	2,906,855	$	8,351	1.15	%			$	2,892,010	2.08	%	$	2,906,784	1.04	%
Savings	4,617,658		33,142		2.88	%	4,399,768		29,486		2.69	%	3,749,902		14,055		1.50	%			4,508,713		2.80	%	3,784,164		1.16	%
Time	2,980,158		34,957		4.70	%	2,813,880		31,697		4.52	%	2,393,707		21,886		3.67	%			2,897,019		4.64	%	2,263,431		3.48	%
Total interest-bearing deposits	10,486,068		83,022		3.18	%	10,109,416		76,075		3.02	%	9,050,464		44,292		1.96	%			10,297,742		3.12	%	8,954,379		1.71	%
Borrowed funds
Short-term borrowings	831,774		11,395		5.49	%	796,518		10,943		5.51	%	1,182,176		15,536		5.27	%			814,146		5.53	%	1,136,700		5.05	%
Long-term debt	339,472		4,991		5.90	%	342,496		4,928		5.77	%	341,523		4,835		5.68	%			340,984		5.87	%	342,565		5.71	%
Total borrowed funds	1,171,246		16,386		5.61	%	1,139,014		15,871		5.59	%	1,523,699		20,371		5.36	%			1,155,130		5.63	%	1,479,265		5.20	%
Total interest-bearing liabilities	11,657,314		99,408		3.42	%	11,248,430		91,946		3.28	%	10,574,163		64,663		2.45	%			11,452,872		3.37	%	10,433,644		2.20	%

Noninterest-bearing liabilities
Noninterest-bearing demand deposits	3,144,198						3,169,750						3,663,419								3,156,974				3,808,362
Other liabilities	645,699						622,479						592,708								634,089				603,449
Shareholders' equity	2,281,040						2,265,562						2,137,765								2,273,301				2,110,141
Total liabilities & shareholders' equity	$	17,728,251					$	17,306,221					$	16,968,055							$	17,517,236			$	16,955,596

Net interest income	$	153,311					$	148,740					$	159,232							$	302,051			$	318,550
Net interest spread					3.26	%					3.26	%					3.78	%					3.28	%			3.87	%
Net interest margin					4.06	%					4.05	%					4.43	%					4.06	%			4.47	%

Tax equivalent adjustment					0.04	%					0.05	%					0.05	%					0.04	%			0.04	%
Net interest margin (fully tax equivalent)					4.10	%					4.10	%					4.48	%					4.10	%			4.51	%


(1) Loans held for sale and nonaccrual loans are included in gross loans.


FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS (1)
(Dollars in thousands)
(Unaudited)


	Linked Qtr. Income Variance						Comparable Qtr. Income Variance							Year-to-Date Income Variance
	Rate		Volume		Total			Rate		Volume		Total			Rate		Volume		Total
Earning assets
Investment securities	$	1,676	$	(65)	$	1,611		$	1,944	$	(4,520)	$	(2,576)		$	2,993	$	(9,512)	$	(6,519)
Interest-bearing deposits with other banks	(105)		607		502			444		3,583		4,027			1,184		6,757		7,941
Gross loans (2)	2,984		6,936		9,920			10,207		17,166		27,373			29,746		29,761		59,507
Total earning assets	4,555		7,478		12,033			12,595		16,229		28,824			33,923		27,006		60,929

Interest-bearing liabilities
Total interest-bearing deposits	$	3,965	$	2,982	$	6,947		$	27,364	$	11,366	$	38,730		$	62,594	$	20,755	$	83,349
Borrowed funds
Short-term borrowings	(31)		483		452			659		(4,800)		(4,141)			2,702		(8,850)		(6,148)
Long-term debt	107		(44)		63			186		(30)		156			273		(46)		227
Total borrowed funds	76		439		515			845		(4,830)		(3,985)			2,975		(8,896)		(5,921)
Total interest-bearing liabilities	4,041		3,421		7,462			28,209		6,536		34,745			65,569		11,859		77,428
Net interest income (1)	$	514	$	4,057	$	4,571		$	(15,614)	$	9,693	$	(5,921)		$	(31,646)	$	15,147	$	(16,499)


(1) Not tax equivalent.
(2) Loans held for sale and nonaccrual loans are included in gross loans.


FIRST FINANCIAL BANCORP.
CREDIT QUALITY
(Dollars in thousands)
(Unaudited)
																Six months ended,
	June 30,			Mar. 31,			Dec. 31,			Sep. 30,			June 30,			June 30,			June 30,
	2024			2024			2023			2023			2023			2024			2023
ALLOWANCE FOR CREDIT LOSS ACTIVITY
Balance at beginning of period	$	144,274		$	141,433		$	145,201		$	148,646		$	141,591		$	141,433		$	132,977

Provision for credit losses	16,157			13,419			8,804			12,907			12,719			29,576			21,363
Gross charge-offs
Commercial and industrial	2,149			2,695			6,866			9,207			2,372			4,844			3,102
Lease financing	190			3			4,244			76			90			193			103
Construction real estate	0			0			0			0			0			0			0
Commercial real estate	2			5,319			1			6,008			2,648			5,321			2,714
Residential real estate	6			65			9			10			20			71			20
Home equity	122			25			174			54			21			147			112
Installment	2,034			2,236			2,054			1,349			1,515			4,270			3,039
Credit card	532			794			363			319			274			1,326			491
Total gross charge-offs	5,035			11,137			13,711			17,023			6,940			16,172			9,581
Recoveries
Commercial and industrial	236			162			459			335			631			398			740
Lease financing	1			59			52			1			1			60			2
Construction real estate	0			0			0			0			0			0			0
Commercial real estate	137			38			93			39			153			175			2,391
Residential real estate	37			24			24			44			113			61			179
Home equity	118			80			178			125			232			198			312
Installment	219			145			210			87			90			364			144
Credit card	41			51			123			40			56			92			119
Total recoveries	789			559			1,139			671			1,276			1,348			3,887
Total net charge-offs	4,246			10,578			12,572			16,352			5,664			14,824			5,694
Ending allowance for credit losses	$	156,185		$	144,274		$	141,433		$	145,201		$	148,646		$	156,185		$	148,646

NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)
Commercial and industrial	0.21		%	0.29		%	0.74		%	1.02		%	0.20		%	0.25		%	0.14		%
Lease financing	0.15		%	(0.05)		%	3.97		%	0.08		%	0.11		%	0.05		%	0.07		%
Construction real estate	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%
Commercial real estate	(0.01)		%	0.52		%	(0.01)		%	0.59		%	0.25		%	0.25		%	0.02		%
Residential real estate	(0.01)		%	0.01		%	0.00		%	(0.01)		%	(0.03)		%	0.00		%	(0.03)		%
Home equity	0.00		%	(0.03)		%	0.00		%	(0.04)		%	(0.12)		%	(0.01)		%	(0.06)		%
Installment	4.81		%	5.33		%	4.57		%	3.05		%	3.32		%	5.08		%	3.09		%
Credit card	2.94		%	4.59		%	1.49		%	1.82		%	1.47		%	3.75		%	1.30		%

Total net charge-offs	0.15		%	0.38		%	0.46		%	0.61		%	0.22		%	0.27		%	0.11		%

COMPONENTS OF NONACCRUAL LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS
Nonaccrual loans
Commercial and industrial	$	17,665		$	14,532		$	15,746		$	17,152		$	21,508		$	17,665		$	21,508
Lease financing	5,374			3,794			3,610			7,731			4,833			5,374			4,833
Construction real estate	0			0			0			0			0			0			0
Commercial real estate	22,942			23,055			27,984			33,019			11,876			22,942			11,876
Residential real estate	12,715			12,836			14,067			12,328			11,697			12,715			11,697
Home equity	3,295			4,036			3,476			3,937			3,239			3,295			3,239
Installment	682			984			870			774			568			682			568
Total nonaccrual loans	62,673			59,237			65,753			74,941			53,721			62,673			53,721


Other real estate owned (OREO)	30			161			106			142			281			30			281
Total nonperforming assets	62,703			59,398			65,859			75,083			54,002			62,703			54,002
Accruing loans past due 90 days or more	1,573			820			2,028			698			873			1,573			873
Total underperforming assets	$	64,276		$	60,218		$	67,887		$	75,781		$	54,875		$	64,276		$	54,875
Total classified assets	$	195,277		$	162,348		$	140,995		$	140,552		$	138,909		$	195,277		$	138,909

CREDIT QUALITY RATIOS
Allowance for credit losses to
Nonaccrual loans	249.21		%	243.55		%	215.10		%	193.75		%	276.70		%	249.21		%	276.70		%
Total ending loans	1.36		%	1.29		%	1.29		%	1.36		%	1.41		%	1.36		%	1.41		%
Nonaccrual loans to total loans	0.54		%	0.53		%	0.60		%	0.70		%	0.51		%	0.54		%	0.51		%
Nonperforming assets to
Ending loans, plus OREO	0.54		%	0.53		%	0.60		%	0.71		%	0.51		%	0.54		%	0.51		%
Total assets	0.35		%	0.34		%	0.38		%	0.44		%	0.32		%	0.35		%	0.32		%



Classified assets to total assets	1.07		%	0.92		%	0.80		%	0.82		%	0.81		%	1.07		%	0.81		%


FIRST FINANCIAL BANCORP.
CAPITAL ADEQUACY
(Dollars in thousands, except per share data)
(Unaudited)
	Three Months Ended,															Six months ended,
	June 30,			Mar. 31,			Dec. 31,			Sep. 30,			June 30,			June 30,			June 30,
	2024			2024			2023			2023			2023			2024			2023
PER COMMON SHARE
Market Price
High	$	23.78		$	23.68		$	24.28		$	24.02		$	22.27		$	23.78		$	26.24
Low	$	20.79		$	21.04		$	17.37		$	19.19		$	18.20		$	20.79		$	18.20
Close	$	22.22		$	22.42		$	23.75		$	19.60		$	20.44		$	22.22		$	20.44

Average shares outstanding - basic	94,438,235			94,218,067			94,063,570			94,030,275			93,924,068			94,328,151			93,828,829
Average shares outstanding - diluted	95,470,093			95,183,998			95,126,316			95,126,269			95,169,348			95,327,045			95,065,334
Ending shares outstanding	95,486,010			95,473,595			95,141,244			95,117,180			95,185,483			95,486,010			95,185,483

Total shareholders' equity	$	2,326,439		$	2,287,003		$	2,267,974		$	2,129,509		$	2,143,419		$	2,326,439		$	2,143,419

REGULATORY CAPITAL	Preliminary															Preliminary
Common equity tier 1 capital	$	1,626,345		$	1,582,113		$	1,568,815		$	1,527,793		$	1,481,913		$	1,626,345		$	1,481,913
Common equity tier 1 capital ratio	11.78		%	11.67		%	11.73		%	11.60		%	11.34		%	11.78		%	11.34		%
Tier 1 capital	$	1,671,258		$	1,626,899		$	1,613,480		$	1,572,248		$	1,526,362		$	1,671,258		$	1,526,362
Tier 1 ratio	12.11		%	12.00		%	12.06		%	11.94		%	11.68		%	12.11		%	11.68		%
Total capital	$	1,997,378		$	1,940,762		$	1,907,441		$	1,868,490		$	1,851,144		$	1,997,378		$	1,851,144
Total capital ratio	14.47		%	14.31		%	14.26		%	14.19		%	14.16		%	14.47		%	14.16		%
Total capital in excess of minimum requirement	$	548,037		$	516,704		$	503,152		$	485,580		$	478,911		$	548,037		$	478,911
Total risk-weighted assets	$	13,803,249		$	13,562,455		$	13,374,177		$	13,170,574		$	13,068,888		$	13,803,249		$	13,068,888
Leverage ratio	9.73		%	9.75		%	9.70		%	9.59		%	9.33		%	9.73		%	9.33		%

OTHER CAPITAL RATIOS
Ending shareholders' equity to ending assets	12.81		%	12.99		%	12.94		%	12.49		%	12.54		%	12.81		%	12.54		%
Ending tangible shareholders' equity to ending tangible assets (1)	7.23		%	7.23		%	7.17		%	6.50		%	6.56		%	7.23		%	6.56		%
Average shareholders' equity to average assets	12.87		%	13.09		%	12.52		%	12.70		%	12.60		%	12.98		%	12.45		%
Average tangible shareholders' equity to average tangible assets (1)	7.15		%	7.25		%	6.57		%	6.69		%	6.57		%	7.20		%	6.39		%

REPURCHASE PROGRAM (2)
Shares repurchased	0			0			0			0			0			0			0
Average share repurchase price	N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total cost of shares repurchased	N/A			N/A			N/A			N/A			N/A			N/A			N/A

(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled “Use of Non-GAAP Financial Measures” in this release and “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.
(2) Represents share repurchases as part of publicly announced plans.

N/A = Not applicable

earnings presentation • Second Quarter 2024 Exhibit 99.2

forward looking statements disclosure 2 Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements. As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation: • economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business; • future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses; • the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry; (iv) management’s ability to effectively execute its business plans; • mergers and acquisitions, including costs or difficulties related to the integration of acquired companies; • the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period; • the effect of changes in accounting policies and practices; • changes in consumer spending, borrowing and saving and changes in unemployment; • changes in customers’ performance and creditworthiness; • the costs and effects of litigation and of unexpected or adverse outcomes in such litigation; • current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth; • the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products; • our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

forward looking statements disclosure 3 • financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services; • the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale; • the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses; • a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks; • the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and • our ability to develop and execute effective business plans and strategies. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2023, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.

2Q 2024 results 135th Consecutive Quarter of Profitability 4 • EOP assets increased $566.9 million compared to the linked quarter to $18.2 billion • EOP loans increased $316.1 million compared to the linked quarter to $11.5 billion • Average deposits increased $351.1 million compared to the linked quarter to $13.6 billion • EOP investment securities increased $185.5 million compared to the linked quarter Balance Sheet Profitability Asset Quality Income Statement Capital • Noninterest income – $61.5 million; $61.6 million as adjusted1 • Noninterest expense – $123.6 million; $122.5 million as adjusted1 • Efficiency ratio – 57.5%. Adjusted1 efficiency ratio – 57.0% • Effective tax rate of 18.7%. Adjusted1 effective tax rate of 18.8% • Net interest income – $153.3 million • Net interest margin of 4.06% on a GAAP basis; 4.10% on a fully tax equivalent basis1 • Net income – $60.8 million or $0.64 per diluted share. Adjusted1 net income – $61.7 million or $0.65 per diluted share • Return on average assets – 1.38%. Adjusted 1 return on average assets – 1.40% • Return on average shareholders’ equity – 10.72%. Adjusted1 return on average shareholders’ equity – 10.88% • Return on average tangible common equity – 20.57%1. Adjusted1 return on average tangible common equity – 20.88% • Provision expense - $16.4 million • Net charge-offs – $4.2 million. NCOs / Avg. Loans – 0.15% annualized • Classified Assets / Total Assets - 1.07% • NPA / Total Assets – 0.35% • ACL / Total Loans – 1.36% • Total capital ratio – 14.47% • Tier 1 common equity ratio – 11.78% • Tangible common equity ratio – 7.23%. Adjusted1 Tangible common equity ratio – 9.13% • Tangible book value per share – $12.94 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation.

2Q 2024 highlights • Exceptional quarterly earnings driven by strong loan growth, net interest margin, and record fee income • Adjusted1 earnings per share – $0.65 • Adjusted1 return on assets – 1.40% • Adjusted1 pre-tax, pre-provision return on assets – 2.10% • Adjusted1 return on average tangible common equity – 20.88% • Broad-based loan growth during the period, exceeding expectations • EOP loan balances increased $316.1 million compared to the linked quarter; 11.3% on an annualized basis • Included a $108.1 million increase in C&I, an $88.8 million increase in Agile loans, a $59.1 million increase in finance leases and a $38.0 million increase in mortgage loans • Total average deposit balances increased $351.1 million, or 10.6% annualized • $113.7 million growth in retail CDs and $86.7 million increase in money market accounts offset modest declines in noninterest bearing checking and savings • $114.0 million seasonal increase in public funds and $85.5 million increase in brokered deposits • $45.7 million decline in noninterest bearing deposit balances from linked quarter • Average noninterest bearing deposits were 22% of average total deposits at June 30, 2024 • Net interest margin (FTE) of 4.10% was unchanged from linked quarter, exceeding expectations • 14 bp increase in asset yields offset 14 bp increase in cost of funds • 10 bp increase in loan yields; includes full quarter impact of Agile • 22 bp increase in yield earned on investment portfolio driven by reinvestment and 1Q24 portfolio restructuring • Record adjusted1 noninterest income of $61.6 million, a 19.1% increase from first quarter • Foreign exchange income of $16.8 million, an increase of $6.4 million, or 60.9%, compared to linked quarter • Leasing business revenue of $16.8 million, an increase of $2.2 million, or 15.3%, compared to linked quarter • $0.8 million, or 24.1%, increase in bankcard income from linked quarter • Wealth management, service charge income and mortgage banking income also increased from first quarter levels 5 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. .

2Q 2024 highlights • Adjusted1 noninterest expense of $122.5 million, a 1.2% increase from first quarter • Adjustments1 include $0.4 million efficiency-related costs and $0.8 million in other costs such as acquisition, severance and branch consolidation costs • Increase driven by variable compensation tied to fee income, full quarter impact of annual salary adjustments and full quarter of Agile • Efficiency ratio of 57.5%; 57.0% as adjusted1 • Workforce efficiency initiative ongoing; 90 positions eliminated to date • Increase in allowance for credit loss (ACL) and provision expense • Total ACL of $172.6 million; provision expense of $16.4 million o Loans and leases - ACL of $156.2 million; 1.36% of total loans o Unfunded Commitments - ACL of $16.4 million • Provision expense driven by loan growth and credit migration • NPA to total assets of 0.35%; relatively flat compared to linked quarter • $4.2 million in net charge-offs; 0.15% as a percentage of loans on an annualized basis, 23 bp decline from linked quarter • Classified assets increased to 1.07% of total assets during second quarter • Capital ratios in excess of targets • Total capital ratio of 14.47% • Tier 1 common equity of 11.78%; 11 basis point increase from linked quarter • Tangible book value increased by $0.44, or 3.5%, to $12.94 • Tangible common equity remained at 7.23%; 9.13%1 excluding ($323.4) million of AOCI • Dividend increase to $0.24; 4.3% increase from prior dividend levels 6 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. .

adjusted net income1 7 The table below lists certain adjustments that the Company believes are significant to understanding its quarterly performance. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands, except per share amounts As Reported Adjusted 1 As Reported Adjusted 1 Net interest income 153,311$ 153,311$ 148,740$ 148,740$ Provision for credit losses-loans and leases 16,157$ 16,157$ 13,419$ 13,419$ Provision for credit losses-unfunded commitments 286$ 286$ (2,259)$ (2,259)$ Noninterest income 61,501$ 61,501$ 46,512$ 46,512$ less: gains (losses) on security transactions - (64) A - (5,187) A Total noninterest income 61,501$ 61,565$ 46,512$ 51,699$ Noninterest expense 123,574$ 123,574$ 122,355$ 122,355$ less: FDIC special assessment - (70) A - 231 A less: efficiency-related costs - 368 A - - A less: other - 818 A - 1,087 A Total noninterest expense 123,574$ 122,458$ 122,355$ 121,037$ Income before income taxes 74,795$ 75,975$ 61,737$ 68,242$ Income tax expense 13,990$ 13,990$ 11,048$ 11,048$ plus: after-tax impact of tax credit investment @ 21% - 10 - 52 plus: tax effect of adjustments (A) @ 21% statutory rate - 263 - 1,318 Total income tax expense 13,990$ 14,262$ 11,048$ 12,418$ Net income 60,805$ 61,713$ 50,689$ 55,824$ Net earnings per share - diluted 0.64$ 0.65$ 0.53$ 0.59$ Pre-tax, pre-provision return on average assets 2.07% 2.10% 1.69% 1.85% 2Q 2024 1Q 2024

profitability 8 Return on Average Assets Return on Avg Tangible Common Equity Diluted EPS 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. $0.64 $0.53$0.60$0.66$0.69 $0.65 $0.59 $0.62 $0.67 $0.72 2Q241Q244Q233Q232Q23 Diluted EPS Adjusted EPS 1 1.38% 1.18%1.31%1.48%1.55% 1.40% 1.30%1.37% 1.49% 1.62% 2Q241Q244Q233Q232Q23 ROA Adjusted ROA 1 20.57% 17.35% 21.36%23.60%25.27% 20.88% 19.11% 22.21% 23.76% 26.46% 2Q241Q244Q233Q232Q23 ROATCE Adjusted ROATCE 1 Adjusted1 Pre-tax, Pre-Provision Earnings $92.4 $79.4$84.6$90.7$95.9$100.2$95.7 $75.2 2.10% 1.85%1.96% 2.12% 2.27% 2.40% 2.26% 1.82% 2Q241Q244Q233Q232Q231Q234Q223Q22 Pre-tax, pre-provision earnings Pre-tax, pre-provision ROA1 1

net interest income & margin 9 Net Interest Margin (FTE) 2Q24 NIM (FTE) Progression Net Interest Income All dollars shown in millions 4.00%3.99%4.12%4.21%4.34% 0.10%0.11% 0.14% 0.12% 0.14% 4.10%4.10% 4.26% 4.33% 4.48% 2Q241Q244Q233Q232Q23 Basic Margin (FTE) Loan Fees $148.4 $143.9$147.7$150.9$154.2 $3.6 $4.0 $5.2 $4.5 $5.0 $153.3 $148.7 $153.8 $155.5 $159.2 2Q241Q244Q233Q232Q23 Basic NII Loan Fees 1Q24 4.10% Asset yields/mix 0.14% Loan fees -0.01% Deposit & funding costs/mix -0.13% 2Q24 4.10%

1.40% 1.77% 2.08% 2.30% 2.44% 2.42% 2.45% 2.47% 0.40% 0.37% 0.31% 0.22% 0.14% 0.09% 0.03% 0.02% 2Q23 3Q23 4Q23 1Q24 2Q24 Apr May Jun Cost of Deposits Change in Cost of Deposits average balance sheet 10 Average LoansAverage Securities Average Deposits All dollars shown in millions 1 Includes loans fees and loan accretion $13,630$13,279$13,203$12,787$12,714 2.44%2.30% 2.08% 1.77% 1.40% 2Q241Q244Q233Q232Q23 Deposits Cost of Deposits $11,441$11,066$10,751$10,624$10,514 7.42%7.32%7.29% 7.18%7.03% 2Q241Q244Q233Q232Q23 Loans Loan Yield 1 Deposit Costs $3,132$3,138$3,184$3,394$3,560 4.23% 4.01% 4.20% 4.07% 4.01% 2Q241Q244Q233Q232Q23 Investment Securities Investment Securities Yield

liquidity and beta profile 11 1Historical data adjusted for the merger with MainSource Financial Group, Inc. using the sum of the individual components. Historical Deposit and Loan Betas1 Total Deposit Beta Loan Beta Liquidity Trends 79% 81% 82% 82% 82% 82% 83% 84% 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Loans / Deposits Ratio 26% 25% 24% 24% 23% 24% 23% 23% 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Cash + Securities / Assets 24% 33% 45% 3Q15-2Q19 Fed Cycle (+225bps) 3Q19-4Q21 Fed Cycle (-225bps) 1Q22-2Q24 Fed Cycle (+525bps) 53% 77% 70% 3Q15-2Q19 Fed Cycle (+225bps) 3Q19-4Q21 Fed Cycle (-225bps) 1Q22-2Q24 Fed Cycle (+525bps)

12 Borrowing Capacity • Interest-bearing deposits with other banks of $739 million • Investment securities portfolio: • 97.5% of investment portfolio classified as available-for-sale • $595.4 million of expected cash flow from securities portfolio in next 12 months • $520.2 million of floating rate securities with minimal losses • Portfolio duration of 4.4 years at June 30, 2024 borrowing capacity & cash/investment liquidity Cash/Investment Liquidity All dollars shown in thousands FHLB borrowing availability 322,589$ Fed Discount Window availability 978,144 Brokered CDs/Deposit placement services 2,119,467 Fed funds 1,473,000 Total as of June 30, 2024 4,893,200$

agile acquisition 13 • Acquired February 29th • $93.4 million in loans acquired; $207.8 million as of June 30th • $5.6 million of intangibles created • Agile is a full-service specialty finance company based in Lincolnshire, IL and operates throughout the U.S. • Lends to commercial customers to finance insurance premiums • Loans are secured by the unearned premium of the policies • Two-thirds of volume is derived from direct agency relationships, and one-third is originated through a brokerage model • Portfolio is diversified across insurance carrier, insurance agency, borrower, geography, and insurance coverage type • Founded in 2017 and managed by seasoned industry experts • Led by founder Bob Przespolewski and Charlie Gerstung, who joined FFB • 30 associates Product Details • Originates approximately 50,000 loans annually • Average loan size of $12,700 • Median loan size $1,700 • Average duration 10 months Deep and Diverse Relationships Portfolio Highlights • Gross yields in excess of 10% • Expected annual loss rate of 10-20 bps • Established national network of over 1,700 active independent insurance agencies • Significant cross-sell opportunity 1The fair value measurements of assets acquired and liabilities assumed in the Agile acquisition are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. Company Overview Transaction Overview1 Key Statistics

loan portfolio 14 Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) All dollars shown in millions Total growth/(decline): $316.1 million $5.9 $108.1 $4.2 -$10.2 $59.1 $88.8 $22.2 $38.0 ICRE Commercial & Small Business Banking Oak Street Franchise Summit Agile Consumer Mortgage ICRE $3,718 32% Commercial & Small Business Banking $3,348 29% Oak Street $752 7% Franchise $244 2% Summit $747 6% Agile $208 2% Consumer $986 9% Mortgage $1,518 13% Total $11.5 Billion

loan concentrations 15 C&I and Owner Occupied CRE Loans by Sector1 Investor CRE Loans by Property Type All dollars shown in millions 1 Excludes Agile Premium Finance NAICS Sector 6/30/24 % of Total Loans Finance and Insurance $1,313.7 11.4% Manufacturing 508.4 4.4% Accommodation and Food Services 303.7 2.6% Real Estate and Rental and Leasing 290.3 2.5% Construction 276.0 2.4% Health Care and Social Assistance 248.8 2.2% Professional, Scientific, and Technical Services 242.3 2.1% Wholesale Trade 229.2 2.0% Retail Trade 218.7 1.9% Agriculture, Forestry, Fishing and Hunting 170.0 1.5% Transportation and Warehousing 164.2 1.4% Other Services (except Public Administration) 153.2 1.3% Administrative and Support and Waste Management 135.3 1.2% Arts, Entertainment, and Recreation 89.6 0.8% Information 59.6 0.5% Public Administration 56.1 0.5% Educational Services 26.7 0.2% Management of Companies and Enterprises 16.1 0.1% Utilities 14.4 0.1% Mining, Quarrying, and Oil and Gas Extraction 14.4 0.1% Other 9.4 0.1% Grand Total $4,539.9 39.4% Property Type 6/30/24 % of Total Loans Residential Multi Family 5+ $1,245.0 10.8% Retail Property 790.6 6.9% Office 458.4 4.0% Industrial 402.6 3.5% Hospital/Nursing Home 295.9 2.6% Hotel 192.0 1.7% Land 108.7 0.9% Residential 1-4 Family 103.6 0.9% Other Real Estate 55.6 0.5% Industrial 52.3 0.5% Self Storage 12.8 0.1% Other 0.1 0.0% Grand Total $3,717.7 32.3%

area of focus - office portfolio (non-owner occupied) 16 Office Property Type 1 Performance metrics based on loans greater than $2.5 million and excluding classified assets. All dollars shown in millions Office Property Market Office Maturity Schedule • $458.4 million balance represents 4.0% of total loan portfolio; includes $53.8 million of loans less than $2.5 million individual exposure • Majority of exposure is in our metro markets and secured by suburban Class A & Class B assets with recourse from the sponsor • No exposure to gateway cities • $17.5 million on nonaccrual status; 2 relationships; have been charged down to net realizable value • $38.2 million rated special mention; 4 relationships • No migration to criticized/classified during quarter • Performance metrics at origination or renewal1 • LTV – 61.3% • Occupancy – 85.8% • Debt coverage – 1.61x $373 81% $47 10% $26 6% $12 3% General Office Medical Mixed Use Other $300 66% $138 30% $20 4% Suburban Urban Non-metro $75.8 $101.3 $61.5 $37.1 $61.0 $121.7 $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 2024 2025 2026 2027 2028 2029+

deposits 17 Deposit Product Mix (Avg) 2Q24 Average Deposit Progression All dollars shown in millions Total growth/(decline): $351.1 million Noninterest- bearing $3,025 22% Interest-bearing demand $1,637 12% Savings $1,046 8% Money Markets $2,953 22% Retail CDs $1,553 11% Brokered Deposits $1,438 11% Public Funds $1,978 14% Total $13.6 billion -$45.7 $18.1 -$21.2 $86.7 $113.7 $85.5 $114.0 Noninterest-bearing Interest-bearing demand Savings Money Markets Retail CDs Brokered Deposits Public Funds

average deposit trends 18 All dollars shown in millions Business Public Funds Personal Uninsured Deposits $6,312$6,162$5,921$5,824$5,821$5,903 2Q241Q244Q233Q232Q231Q23 $3,824$3,823$3,913$3,789$3,664$3,881 2Q241Q244Q233Q232Q231Q23 $1,978$1,864$1,928$1,805$1,823$1,842 2Q241Q244Q233Q232Q231Q23 Uninsured deposits (per call report instructions) 5,262$ Less: Public funds 1,775 Less: Intercompany deposits 310 Adjusted uninsured deposits 3,177 Borrowing capacity 4,893 Borrowing capacity in excess of adjusted uninsured deposits $ 1,716 Borrowing capacity as a % of adjusted uninsured deposits 154.0% Adjusted uninsured deposits to total deposits 23.3%

noninterest income 19 Noninterest Income 2Q24 Highlights All dollars shown in thousands • Record total fee income; 28.6% of net revenue • Foreign exchange income of $16.8 million; increased $6.4 million, or 60.9%, from the linked quarter • Leasing business income of $16.8 million; increased $2.2 million, or 15.3%, from the linked quarter • Record trust and wealth management fees of $7.2 million: increased $0.5 million, or 7.4%, from the linked quarter • Deposit service charge income of $7.2 million: increased $0.3 million or 4.0% from the linked quarter • Mortgage banking income of $4.5 million; increased $0.7 million, or 18.4%, from the linked quarter • Bankcard income of $3.9 million; increased $0.8 million, or 24.1%, from the linked quarter Service Charges $7,188 12% Wealth Mgmt $7,172 12% Bankcard income $3,900 6% Client derivative fees $763 1% Foreign exchange income $16,787 27% Leasing business income $16,828 28% Mortgage banking income $4,479 7% Other $4,384 7% Total $61.5 million

noninterest expense 20 Noninterest Expense 2Q24 Highlights 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands • Core expenses increased $1.4 million, or 1.2% • $2.9 million increase in variable incentive compensation tied to fee income • Includes full quarter impact from Agile and annual salary adjustments • $1.2 million decline in fraud losses • Efficiency initiative ongoing; 90 positions eliminated to date • $1.1 million of adjustments1 include: • $0.4 million efficiency-related costs • $0.8 million of other costs such as acquisition, severance and branch consolidation costs Salaries and benefits $75,225 61% Occupancy and equipment $9,439 8% Data processing $8,877 7% Professional services $2,885 2% Intangible amortization $2,396 2% Leasing business expense $10,128 8% Other $14,624 12% Total $123.6 million 56.8% 57.5% 59.3% 62.7% 57.5% 54.9% 57.3% 58.0% 60.4% 57.0% 2Q23 3Q23 4Q23 1Q24 2Q24 Efficiency Ratio Adjusted Efficiency Ratio1 Efficiency Ratio

allowance for credit losses 21 ACL / Total Loans 2Q24 Highlights All dollars shown in millions • $172.6 million combined ACL; $16.4 million combined provision expense • $156.2 million ACL – loans and leases; increase driven by loan growth and credit migration; 1.36% of loan balances • Utilized Moody’s June baseline forecast in quantitative model • $16.4 million ACL – unfunded commitments $148.6 $145.2 $141.4 $144.3 $156.2 $18.2 $17.0 $18.4 $16.2 $16.4 $166.9 $162.2 $159.9 $160.4 $172.6 1.41% 1.36% 1.29% 1.29% 1.36% 2Q23 3Q23 4Q23 1Q24 2Q24 ACL-loans and leases ACL-unfunded commitments ACL / Total Loans

asset quality 22 Nonperforming Assets / Total AssetsClassified Assets / Total Assets Net Charge Offs & Provision Expense1 . 1 Provision includes both loans & leases and unfunded commitments All dollars shown in millions $195.3 $162.3 $141.0$140.6$138.9 1.07% 0.92% 0.80%0.82%0.81% 2Q241Q244Q233Q232Q23 Classified Assets Classified Assets / Total Assets $62.7$59.4 $65.9 $75.1 $54.0 0.35%0.34% 0.38%0.44% 0.32% 2Q241Q244Q233Q232Q23 NPAs NPAs / Total Assets $5.7 $16.4 $12.6 $10.6 $4.2 $10.7 $11.7 $10.2 $11.2 $16.4 0.15% 0.38% 0.46% 0.61% 0.22% 2Q23 3Q23 4Q23 1Q24 2Q24 NCOs Provision Expense NCOs / Average Loans

capital 23 Tier 1 Common Equity Ratio Total Capital Ratio Tangible Common Equity Ratio 6/30 Risk Weighted Assets = $13,803,249 All capital numbers are considered preliminary. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. Adjusted TCE excludes impact from AOCI Tier 1 Capital Ratio 6.56% 6.50% 7.17% 7.23% 7.23% 8.76% 9.07% 9.05% 9.18% 9.13% 2Q23 3Q23 4Q23 1Q24 2Q24 TCE ratio Adjusted TCE ratio 1 11.78%11.67%11.73%11.60%11.34% 7.00% 2Q241Q244Q233Q232Q23 Tier 1 Common Equity Ratio Basel III minimum 14.47%14.31%14.26%14.19%14.16% 10.50% 2Q241Q244Q233Q232Q23 Total Capital Ratio Basel III minimum 12.11%12.00%12.06%11.94%11.68% 8.50% 2Q241Q244Q233Q232Q23 Tier 1 Capital Ratio Basel III minimum

capital ratios, reflecting net unrealized losses1 24 Tier 1 Common Equity Ratio Total Capital Ratio 6/30 Risk Weighted Assets = $13,803,249 All capital numbers are considered preliminary. 1 Assumes Company holds cash proceeds of securities sales Tier 1 Capital Ratio 9.98%10.11%10.24%9.62%9.53% 7.00% 2Q241Q244Q233Q232Q23 Tier 1 Common Equity Ratio Basel III minimum 1 10.31%10.46%10.59%9.99%9.89%8.50% 2Q241Q244Q233Q232Q23 Tier 1 Capital Ratio Basel III minimum1 12.75%12.91%12.93%12.47%12.55% 10.50% 2Q241Q244Q233Q232Q23 Total Capital Ratio Basel III minimum 1

capital strategy 25 Strategy & DeploymentTangible Book Value Per Share • 4.1% annualized dividend yield as of June 30th • 36.2% of 2Q24 earnings returned to shareholders through common dividend • Most recent internal stress testing indicates capital ratios above regulatory minimums in all modeled scenarios • Common dividend increased $0.01 to $0.24; 4.3% increase • No shares repurchased in 2Q24; no plans to repurchase shares in near- term • 3.5% increase in TBV per share from linked quarter driven by strong earnings • 17.4% increase since 2Q23 1 Excludes impact from AOCI $11.02 $10.91 $12.38 $12.50 $12.94 $14.73 $15.22 $15.64 $15.87 $16.32 2Q23 3Q23 4Q23 1Q24 2Q24 Tangible Book Value per Share TBV per share-adjusted 1

outlook commentary1 • Loan balances expected to grow low single digits on an annualized basis • Average deposit balances expected to grow modestly • Investment portfolio expected to remain stable 26 • Total noninterest expense expected to be $122 - 124 million • Stable expense base expected excluding leasing business • Incentive expense will fluctuate with fee income Noninterest Expense Net Interest Margin Balance Sheet Credit • Credit costs expected to decline slightly in back half of year • Net charge-offs expected to be approximately 25 - 30 basis points for full year • Stable to slightly increasing ACL coverage as a percentage of loans expected Noninterest Income • Total expected fee income of $58 - 60 million • Includes $13 - 15 million foreign exchange • Includes $16 - 18 million leasing business income 1 See Forward Looking Statement Disclosure on page 2-3 of this presentation for a discussion of factors that could affect management’s expectations and results in future periods. • Expected to be 4.00% - 4.05%; assumes 25bp September rate cut by Fed Capital • Expect to maintain dividend at $0.24

The Company’s Investor Presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting provides meaningful information and therefore we use it to supplement our GAAP information. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments and to provide an additional measure of performance. We believe this information is helpful in understanding the results of operations separate and apart from items that may, or could, have a disproportional positive or negative impact in any given period. For a reconciliation of the differences between the non-GAAP financial measures and the most comparable GAAP measures, please refer to the following reconciliation tables. to GAAP Reconciliation 27 appendix: non-GAAP measures

appendix: non-GAAP to GAAP reconciliation 28 All dollars shown in thousands Net interest income and net interest margin - fully tax equivalent June 30, Mar. 31, Dec. 31, Sep. 30, June 30, 2024 2024 2023 2023 2023 Net interest income 153,311$ 148,740$ 153,765$ 155,455$ 159,232$ Tax equivalent adjustment 1,418 1,535 1,672 1,659 1,601 Net interest income - tax equivalent 154,729$ 150,275$ 155,437$ 157,114$ 160,833$ Average earning assets 15,171,819$ 14,757,503$ 14,483,589$ 14,404,144$ 14,403,542$ Net interest margin1 4.06 % 4.05 % 4.21 % 4.28 % 4.43 % Net interest margin (fully tax equivalent)1 4.10 % 4.10 % 4.26 % 4.33 % 4.48 % Three months ended 1 Margins are calculated using net interest income annualized divided by average earning assets. The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.

appendix: non-GAAP to GAAP reconciliation 29 All dollars shown in thousands Additional non-GAAP ratios June 30, Mar. 31, Dec. 31, Sep. 30, June 30, (Dollars in thousands, except per share data) 2024 2024 2023 2023 2023 Net income (a) 60,805$ 50,689$ 56,732$ 63,061$ 65,667$ Average total shareholders' equity 2,281,040 2,265,562 2,144,482 2,153,601 2,137,765 Less: Goodwill (1,007,657) (1,006,477) (1,005,870) (1,005,844) (1,005,791) Other intangibles (84,577) (84,109) (85,101) (87,427) (89,878) Average tangible equity (b) 1,188,806 1,174,976 1,053,511 1,060,331 1,042,097 Total shareholders' equity 2,326,439 2,287,003 2,267,974 2,129,509 2,143,419 Less: Goodwill (1,007,656) (1,007,656) (1,005,868) (1,005,868) (1,005,828) Other intangibles (83,528) (85,603) (83,949) (86,378) (88,662) Ending tangible equity (c) 1,235,255 1,193,744 1,178,157 1,037,263 1,048,929 Less: AOCI (323,409) (321,109) (309,819) (410,005) (353,010) Ending tangible equity less AOCI (d) 1,558,664 1,514,853 1,487,976 1,447,268 1,401,939 Total assets 18,166,180 17,599,238 17,532,900 17,054,852 17,090,149 Less: Goodwill (1,007,656) (1,007,656) (1,005,868) (1,005,868) (1,005,828) Other intangibles (83,528) (85,603) (83,949) (86,378) (88,662) Ending tangible assets (e) 17,074,996 16,505,979 16,443,083 15,962,606 15,995,659 Risk-weighted assets (f) 13,803,249 13,562,455 13,374,177 13,170,574 13,068,888 Total average assets 17,728,251 17,306,221 17,124,955 16,951,389 16,968,055 Less: Goodwill (1,007,657) (1,006,477) (1,005,870) (1,005,844) (1,005,791) Other intangibles (84,577) (84,109) (85,101) (87,427) (89,878) Average tangible assets (g) 16,636,017$ 16,215,635$ 16,033,984$ 15,858,119$ 15,872,386$ Ending shares outstanding (h) 95,486,010 95,473,595 95,141,244 95,117,180 95,185,483 Ratios Return on average tangible shareholders' equity (a)/(b) 20.57% 17.35% 21.36% 23.60% 25.27% Ending tangible equity as a percent of: Ending tangible assets (c)/(e) 7.23% 7.23% 7.17% 6.50% 6.56% Risk-weighted assets (c)/(f) 8.95% 8.80% 8.81% 7.88% 8.03% Ending tangible equity excluding AOCI as a percent of: Ending tangible assets (d)/(e) 9.13% 9.18% 9.05% 9.07% 8.76% Average tangible equity as a percent of average tangible assets (b)/(g) 7.15% 7.25% 6.57% 6.69% 6.57% Tangible book value per share (c)/(h) 12.94$ 12.50$ 12.38$ 10.91$ 11.02$ Three months ended,

appendix: non-GAAP to GAAP reconciliation 30 All dollars shown in thousands Additional non-GAAP measures 4Q23 3Q23 As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) 153,311$ 153,311$ 148,740$ 148,740$ 153,765$ 153,765$ 155,455$ 155,455$ Provision for credit losses-loans and leases (j) 16,157 16,157 13,419 13,419 8,804 8,804 12,907 12,907 Provision for credit losses-unfunded commitments (j) 286 286 (2,259) (2,259) 1,426 1,426 (1,234) (1,234) Noninterest income 61,501 61,501 46,512 46,512 46,993 46,993 56,628 56,628 less: gains (losses) on security transactions (64) (5,187) (649) (58) less: other - - - (94) Total noninterest income (g) 61,501 61,565 46,512 51,699 46,993 47,642 56,628 56,780 Noninterest expense 123,574 123,574 122,355 122,355 119,137 119,137 122,044 122,044 less: tax credit investment w ritedow n - - 104 less: FDIC special assessment (70) 231 925 - less: eff iciency-related costs 368 - - - less: Summit acquisition costs - - - 787 less: Other 818 1,087 1,363 (395) Total noninterest expense (e) 123,574 122,458 122,355 121,037 119,137 116,849 122,044 121,548 Income before income taxes (i) 74,795 75,975 61,737 68,242 71,391 74,328 78,366 79,014 Income tax expense 13,990 13,990 11,048 11,048 14,659 14,659 15,305 15,305 plus: tax effect of adjustments 10 52 276 82 plus: after-tax impact of tax credit investments @ 21% 263 1,318 423 136 Total income tax expense (h) 13,990 14,262 11,048 12,418 14,659 15,358 15,305 15,523 Net income (a) 60,805$ 61,713$ 50,689$ 55,824$ 56,732$ 58,970$ 63,061$ 63,491$ Average diluted shares (b) 95,470 95,470 95,184 95,184 95,141 95,141 95,117 95,117 Average assets (c) 17,728,251 17,728,251 17,306,221 17,306,221 17,124,955 17,124,955 16,951,389 16,951,389 Average shareholders' equity 2,281,040 2,281,040 2,265,562 2,265,562 2,144,482 2,144,482 2,153,601 2,153,601 Less: Goodw ill and other intangibles (1,092,234) (1,092,234) (1,090,586) (1,090,586) (1,090,971) (1,090,971) (1,093,271) (1,093,271) Average tangible equity (d) 1,188,806 1,188,806 1,174,976 1,174,976 1,053,511 1,053,511 1,060,331 1,060,331 Ratios Net earnings per share - diluted (a)/(b) 0.64$ 0.65$ 0.53$ 0.59$ 0.60$ 0.62$ 0.66$ 0.67$ Return on average assets - (a)/(c) 1.38% 1.40% 1.18% 1.30% 1.31% 1.37% 1.48% 1.49% Pre-tax, pre-provision return on average assets - ((a)+(j)+(h))/(c) 2.07% 2.10% 1.69% 1.85% 1.89% 1.96% 2.11% 2.12% Return on average tangible shareholders' equity - (a)/(d) 20.57% 20.88% 17.35% 19.11% 21.36% 22.21% 23.60% 23.76% Eff iciency ratio - (e)/((f)+(g)) 57.5% 57.0% 62.7% 60.4% 59.3% 58.0% 57.5% 57.3% Effective tax rate - (h)/(i) 18.7% 18.8% 17.9% 18.2% 20.5% 20.7% 19.5% 19.6% (Dollars in thousands, except per share data) 2Q24 1Q24

31 First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202

Document and Entity Information Document	Jul. 25, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jul. 25, 2024
Entity Registrant Name	FIRST FINANCIAL BANCORP.
Entity Incorporation, State or Country Code	OH
Entity File Number	001-34762
Entity Tax Identification Number	31-1042001
Entity Address, Address Line One	255 East Fifth Street, Suite 800
Entity Address, City or Town	Cincinnati,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	877
Local Phone Number	322-9530
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000708955
Amendment Flag	false
NASDAQ/NMS (GLOBAL MARKET) [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Common stock, No par value
Trading Symbol	FFBC
Security Exchange Name	NASDAQ