Earnings Call Summary | First Financial Bancorp(FFBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | First Financial Bancorp(FFBC.US) Q1 2024 Earnings Conference
The following is a summary of the First Financial Bancorp. (FFBC) Q1 2024 Earnings Call Transcript:
以下是第一金融銀行的摘要。(FFBC) 2024 年第一季度業績電話會議記錄:
Financial Performance:
財務業績:
First Financial Bancorp. reported adjusted earnings per share of $0.59.
Return on assets was 1.3%, and return on tangible common equity was 19.1%.
Net interest margin was 4.1%.
Loan growth was strong, with balances increasing by 10% on an annualized basis.
Average deposit growth was 2.3%, inclusive of a seasonal outflow of about $100 million in business deposits.
Noninterest income increased across most fee revenue areas.
Asset quality was stable with net charge-offs declining to 38 basis points.
The company incurred a loss on the sale of investment securities due to portfolio repositioning.
第一金融銀行報告調整後的每股收益爲0.59美元。
資產回報率爲1.3%,有形普通股回報率爲19.1%。
淨利率爲4.1%。
貸款增長強勁,餘額按年計算增長了10%。
平均存款增長2.3%,其中包括約1億美元的商業存款的季節性流出。
大多數費用收入領域的非利息收入均有所增加。
資產質量穩定,淨扣除額降至38個點子。
由於投資組合的重新定位,該公司在出售投資證券方面蒙受了損失。
Business Progress:
業務進展:
First Financial Bancorp. has undertaken several actions during the quarter, including the repositioning of a part of the investment portfolio, a workforce efficiency initiative, and the acquisition of Agile Premium Finance.
Expecting an increase in income in the second half of the year due to the restructuring of a portion of its bank-owned life insurance portfolio.
An additional $10 million to $12 million in annualized expense reductions is expected by the end of 2024.
The company expects the net interest margin to be between 3.95% and 4.05%, with net charge-offs expected to be about 30 basis points for the year. The company aims to maintain dividends at the current level.
The bank expects the Agile business to hit a little shy of $200 million by year-end, seeing around a half a billion dollar range in 3 to 4 years.
Looking forward to diversifying its loan book with good granularity and high-quality loans.
First Financial Bancorp. 在本季度採取了多項行動,包括對部分投資組合進行重新定位、員工效率計劃以及收購敏捷高級融資。
由於重組了部分銀行擁有的人壽保險組合,預計下半年收入將增加。
預計到2024年底,年化支出將再減少1000萬至1200萬美元。
該公司預計,淨利率將在3.95%至4.05%之間,預計今年的淨扣除額約爲30個點子。該公司的目標是將股息維持在目前的水平。
該銀行預計,到年底,敏捷業務將達到不到2億美元,在3到4年內達到約5億美元的區間。
期待以良好的粒度和高質量的貸款實現貸款賬面多元化。
More details: First Financial Bancorp IR
更多詳情: 第一金融銀行投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。