- First Financial press release ( NASDAQ: FFBC ): FY GAAP EPS of $0.73 misses by $1.53 .
- Revenue of $213.93M (+36.7% Y/Y).
- Loan balances increased $501.5 million compared to the third quarter
- Growth of 20.3% on an annualized basis
- Broad based portfolio growth; Summit contributed $129.7 million of the quarterly growth
- Net interest margin of 4.43%, or 4.47% on a fully tax-equivalent basis, exceeded expectations
- 49 bp increase to 4.47% from 3.98% in the third quarter due to higher asset yields resulting from higher interest rates
- 96 bp increase in loan yields offset 31 bp increase in cost of deposits
- Stable core deposit balances; $58.0 million decline in total deposit balances, excluding $319.3 million increase in brokered CD's
- Record noninterest income of $56.0 million, or $55.1 million as adjusted
- Record foreign exchange income of $19.6 million; 66.7% increase from third quarter
- Record leasing business income of $11.1 million; 56.1% increase from third quarter
- Adjusted for $0.9 million gain on investment securities
No
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First Financial GAAP EPS of $0.73 misses by $1.53, revenue of $213.93M