FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Balance Sheets

	December 31,
(Dollars in thousands)	2024		2023
Assets
Cash	$	214,464	$	134,745
Investment securities	1,333		1,134
Subordinated notes from subsidiaries	7,500		7,500
Investment in subsidiaries
Commercial bank	2,414,247		2,334,411
Non-banks	10,426		8,915
Total investment in subsidiaries	2,424,673		2,343,326
Premises and equipment	250		274
Other assets	111,054		101,001
Total assets	$	2,759,274	$	2,587,980
Liabilities
Subordinated notes	$	313,392	$	312,550
Dividends payable	1,659		1,440
Other liabilities	6,182		6,016
Total liabilities	321,233		320,006
Shareholders’ equity	2,438,041		2,267,974
Total liabilities and shareholders’ equity	$	2,759,274	$	2,587,980

Schedule of Condensed Income Statement

Statements of Income and Comprehensive Income (Loss)

	Years Ended December 31,
(Dollars in thousands)	2024		2023		2022
Income
Interest income	$	24	$	42	$	37
Noninterest income	262		1,230		13
Net gain (loss) on equity securities	408		(546)		(156)
Dividends from subsidiaries	200,000		164,974		171,900
Total income	200,694		165,700		171,794
Expenses
Interest expense	18,400		18,305		16,624
Salaries and employee benefits	16,410		16,351		13,547
Professional services	1,346		1,510		256
Other	5,150		5,281		5,581
Total expenses	41,306		41,447		36,008
Income before income taxes and equity in undistributed net earnings of subsidiaries	159,388		124,253		135,786
Income tax expense (benefit)	(9,714)		(9,879)		(8,523)
Equity in undistributed earnings (loss) of subsidiaries	59,728		121,731		73,303
Net income	$	228,830	$	255,863	$	217,612
Comprehensive income (loss)	$	248,850	$	304,707	$	(140,618)

Schedule of Condensed Cash Flow Statement

Statements of Cash Flows

	Years Ended December 31,
(Dollars in thousands)	2024		2023		2022
Operating activities
Net income	$	228,830	$	255,863	$	217,612
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (earnings) loss of subsidiaries	(59,728)		(121,731)		(73,303)
Depreciation and amortization	853		975		860
Stock-based compensation expense	15,693		14,898		13,379
Net (gain) loss on investment securities	(408)		546		156
Deferred income taxes	1		(285)		(475)
(Decrease) increase in dividends payable	219		169		229
(Decrease) increase in other liabilities	(109)		(213)		634
Decrease (increase) in other assets	(10,054)		(10,129)		(8,748)
Net cash provided by (used in) operating activities	175,297		140,093		150,344
Investing activities
Capital contributions to subsidiaries	(1,000)		(167)		0
Net cash acquired (paid) in business combinations	0		(3,400)		0
Proceeds from sales of investment securities	209		0		0
Purchases of premises and equipment	(2)		(13)		0
Other	16		0		1,011
Net cash (used in) provided by investing activities	(777)		(3,580)		1,011
Financing activities
(Decrease) increase in short-term borrowings	0		0		(20,000)
Cash dividends paid on common stock	(89,544)		(87,159)		(86,606)
Proceeds from exercise of stock options, net of shares purchased	0		48		177
Other	(5,257)		(5,670)		(3,659)
Net cash provided by (used in) financing activities	(94,801)		(92,781)		(110,088)
Net increase (decrease) in cash	79,719		43,732		41,267
Cash at beginning of year	134,745		91,013		49,746
Cash at end of year	$	214,464	$	134,745	$	91,013