XML 139 R123.htm IDEA: XBRL DOCUMENT v3.22.4
FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]        
Cash $ 207,501 $ 220,031    
Other investments 143,160 102,971    
Premises and equipment 189,080 193,040    
Total assets 17,003,316 16,329,141    
Short-term Debt 1,287,156 296,203 $ 166,594  
Other liabilities 626,938 492,210    
Total liabilities 14,961,943 14,070,199    
Shareholders’ equity 2,041,373 2,258,942 2,282,070 $ 2,247,705
Total liabilities and shareholders’ equity 17,003,316 16,329,141    
Income Statement [Abstract]        
Noninterest income 189,641 171,506 189,123  
Interest Expense 65,863 31,099 68,452  
Salaries and employee benefits 269,368 245,924 236,779  
Professional services 9,734 11,676 9,961  
Income before income taxes and equity in undistributed net earnings of subsidiaries 241,722 240,933 184,411  
Income tax expense (benefit) 24,110 35,773 28,601  
Net income 217,612 205,160 155,810  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (140,618) 156,063 191,151  
Operating activities        
Net income 217,612 205,160 155,810  
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 31,181 32,136 33,337  
Stock-based compensation expense 13,379 9,635 7,678  
Equity Securities, FV-NI, Unrealized Gain (Loss) 639 (702) (9,045)  
Deferred income taxes (3,505) 12,087 (8,380)  
Decrease (increase) in other assets (226,398) 138,225 (288,857)  
Net cash provided by (used in) operating activities 200,846 388,157 108,363  
Investing activities        
Net cash acquired (paid) in business combinations 0 (109,024) 0  
Proceeds from sales and maturities of investment securities 704,304 1,139,498 904,821  
Payments to Acquire Debt Securities, Available-for-sale (641,643) (2,418,290) (1,551,952)  
Payments for (Proceeds from) Other Investing Activities 1,011 0 0  
Net cash provided by (used in) investing activities (883,105) (510,029) (1,203,346)  
Financing activities        
Net (decrease) increase in short-term borrowings 990,953 129,609 (1,149,587)  
Cash dividends paid on common stock (86,606) (87,316) (89,691)  
Treasury stock purchase 0 (108,077) (16,686)  
Proceeds from exercise of stock options, net of shares purchased 177 64 72  
Net cash provided by (used in) financing activities 669,729 110,849 1,125,346  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (12,530) (11,023) 30,363  
Cash and due from banks at beginning of year 220,031      
Cash and due from banks at end of year 207,501 220,031    
Parent Company [Member]        
Statement of Financial Position [Abstract]        
Cash 91,013 49,746 172,902 $ 55,869
Other investments 1,681 1,836    
Subordinated notes from subsidiaries 7,500 7,500    
Premises and equipment 283 1,311    
Other assets 86,355 77,132    
Total assets 2,359,416 2,595,037    
Short-term Debt 0 20,000    
Subordinated Debt 311,707 310,864    
Dividends payable 1,271 1,042    
Other liabilities 5,065 4,189    
Total liabilities 318,043 336,095    
Shareholders’ equity 2,041,373 2,258,942    
Total liabilities and shareholders’ equity 2,359,416 2,595,037    
Income Statement [Abstract]        
Interest income 37 34 27  
Noninterest income 13 215 0  
Dividends from subsidiaries 171,900 202,000 81,725  
Total income 171,794 202,697 82,024  
Interest Expense 16,624 15,900 14,172  
Salaries and employee benefits 13,547 9,784 8,004  
Professional services 256 2,343 1,160  
Other 5,581 5,186 5,163  
Total expenses 36,008 33,213 28,499  
Income before income taxes and equity in undistributed net earnings of subsidiaries 135,786 169,484 53,525  
Income tax expense (benefit) (8,523) (7,787) (6,145)  
Income (Loss) from Equity Method Investments 73,303 27,889 96,140  
Net income 217,612 205,160 155,810  
Operating activities        
Net income 217,612 205,160 155,810  
Adjustments to reconcile net income to net cash provided by operating activities        
Equity in undistributed earnings (loss) of subsidiaries (73,303) (27,889) (96,140)  
Depreciation and amortization 860 859 712  
Stock-based compensation expense 13,379 9,635 7,678  
Equity Securities, FV-NI, Unrealized Gain (Loss) 156 (448) (272)  
Deferred income taxes (475) (224) (158)  
(Decrease) increase in dividends payable 229 368 (175)  
(Decrease) increase in other liabilities 634 (751) (22)  
Decrease (increase) in other assets (8,748) (8,096) 8,907  
Net cash provided by (used in) operating activities 150,344 178,614 76,340  
Investing activities        
Capital contributions to subsidiaries 0 (113,152) 0  
Net cash provided by (used in) investing activities 1,011 (113,152) 0  
Financing activities        
Net (decrease) increase in short-term borrowings (20,000) 20,000 0  
Proceeds from Issuance of Subordinated Long-term Debt 0 (10,592) 150,000  
Cash dividends paid on common stock (86,606) (87,316) (89,691)  
Treasury stock purchase 0 (108,077) (16,686)  
Proceeds from exercise of stock options, net of shares purchased 177 64 72  
Other (3,659) (2,697) (3,002)  
Net cash provided by (used in) financing activities (110,088) (188,618) 40,693  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 41,267 (123,156) 117,033  
Cash and due from banks at beginning of year 49,746 172,902 55,869  
Cash and due from banks at end of year 91,013 49,746 $ 172,902  
Commercial Banks [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries 2,161,338 2,447,095    
Nonbanks [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries 11,246 10,417    
Subsidiaries [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries $ 2,172,584 $ 2,457,512