First Financial Bancorp’s Earnings: A Preview

First Financial Bancorp (NASDAQ:FFBC) is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here’s what…

First Financial Bancorp (NASDAQ:FFBC) is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here’s what investors need to know before the announcement.

Analysts estimate that First Financial Bancorp will report an earnings per share (EPS) of $0.69.

First Financial Bancorp bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.01, which was followed by a 2.55% increase in the share price the next day.

Here’s a look at First Financial Bancorp’s past performance and the resulting price change:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 0.60 0.50 0.45 0.56
EPS Actual 0.61 0.56 0.46 0.58
Price Change % 2.55% 2.29% -4.76% 0.28%

eps graph

Stock Performance

Shares of First Financial Bancorp were trading at $23.34 as of January 24. Over the last 52-week period, shares are down 7.1%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for First Financial Bancorp visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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