1
EXHIBIT 99.1
2
This investor presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are not based on historical or current facts, but rather on our current beliefs,
expectations, assumptions and projections about our business, the economy and other future conditions. Forward-looking
statements often include words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” ‘‘intends,’’ “could,” “should,” and other
similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we
make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per
share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives
and strategies, and (v) the assumptions that underlie our forward-looking statements.
As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in
circumstances that may cause actual results to differ materially from those set forth in the forward-looking
statements. Important factors that could cause actual results to differ materially from those in our forward-looking
statements include the following, without limitation: (i) economic, market, liquidity, credit, interest rate, operational and
technological risks associated with the Company’s business; (ii) the effect of and changes in policies and laws or
regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and
regulation relating to the banking industry; (iii) management’s ability to effectively execute its business plans; (iv) mergers
and acquisitions, including cost or difficulties related to the integration of acquired companies; (v) the Company’s ability to
comply with the terms of loss sharing agreements with the FDIC; (vi) the effect of changes in accounting policies and
practices; (vii) changes in consumer spending, borrowing and saving and changes in unemployment; (viii) changes in
customers’ performance and creditworthiness; and (ix) the costs and effects of litigation and of unexpected or adverse
outcomes in such litigation. Additional factors that may cause our actual results to differ materially from those described in
our forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December
31, 2015, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov.
Forward-looking statements are meaningful only on the date when such statements are made. We undertake no
obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date on
which a forward-looking statement is made.
Forward Looking Statement Disclosure
3
About First Financial Bancorp
Strategic Direction
Recent Financial Results
Presentation Contents
4
Company Overview
NASDAQ: FFBC
Overview
Founded: 1863
Headquarters: Cincinnati, Ohio
Banking Centers: 101
Assets: $8.4 billion
Loans: $5.8 billion
Deposits: $6.3 billion
Wealth Mgmt: $2.4 billion AUM
Lines of Business
Commercial / Private Banking
C&I, O-CRE, ABL, Equipment Finance,
Treasury, Wealth Management
Retail Banking
Consumer, Mortgage, Small Business
Investment Commercial Real Estate
Commercial Finance
Quick Service Restaurant,
Insurance Agency Finance
$ in millions except “per share” and where otherwise noted in the presentation
www.bankatfirst.com
$21.84
$19.45
$18.18 $18.07
$19.08
2.93%
3.29%
3.52% 3.54%
3.35%
3Q162Q161Q164Q153Q15
Share Price Dividend Yield
Central OH
Loans $1.0 billion
Loan Growth (Y-o-Y) 30.4%
Deposits $0.4 billion
Deposit Market Share #16 (0.7 %)
Banking Centers 6
Fortune 500 Companies 4
5
Our Markets
Indianapolis
Loans $0.5 billion
Loan Growth (Y-o-Y) 29.7%
Deposits $0.6 billion
Deposit Market Share #14 (1.2%)
Banking Centers 8
Fortune 500 Companies 3
Community Markets
Loans $1.2 billion
Loan Growth (Y-o-Y) (2.4%)
Deposits $2.6 billion
Banking Centers 37
Greater Cincinnati
Loans $2.0 billion
Loan Growth (Y-o-Y) 9.9%
Deposits $2.4 billion
Deposit Market Share #6 (2.1%)
Banking Centers 50
Fortune 500 Companies 9
Proven Acquirer
Two FDIC-assisted acquisitions totaling $2.5 billion in assets and generating a $343 million
pre-tax bargain purchase gain (2009)
Two branch acquisitions of 38 offices in Indiana and Ohio (2011)
Three banks in Columbus, Ohio totaling $727 million in assets (2014)
Oak Street Funding, specialty lender focused on the insurance industry, $243 million in assets
(3Q 2015)
Effective Operator
104 consecutive quarters of profitability through 3Q 2016
Replaced the runoff of ~ $2 billion of high yield covered loans
Consolidated 78 banking centers in conjunction with significant efficiency gains since 2009
Developed robust enterprise risk management & compliance programs, with board risk
committee since 2010
6
Through the Cycle
Product expansions
Specialty lending (~ $1 billion, excluding Oak Street)
Mobile banking & other technology enhancements for clients
Re-entry into mortgage business (2010)
2015 originations of $320 million
Wealth infrastructure improvements
Investment model
Real estate management, tax & insurance outsourcing
Significant technology & infrastructure investments
Continued expansion of risk management & compliance
7
Investments in our Business
Proven & sustainable business model
Well managed through the cycle
Conservative operating philosophy
Consistent profitability – 104 consecutive quarters
Robust capital management
Prudent steward of shareholders’ capital
Strong asset quality
Well defined M&A strategy
Selective markets, products & asset diversification
Direct linkage between compensation and performance
STI, LTI, management stock ownership targets
8
Invest with First Financial
9
1 – includes dividend reinvestment
2 – simple average - assumes equal weight
3 – 2016 YTD through 10/26/2016
Total Shareholder Return 1
Company Ticker 2008-3Q16 2015 2016 YTD
(3)
First Financial FFBC 184.30% 0.68% 21.41%
KBW Regional Bank Index KRX 40.59% 5.99% 8.60%
NASDAQ Composite CCMP 122.25% 7.11% 5.96%
Fifth Third FITB -0.11% 1.27% 10.19%
US Bancorp USB 66.41% -2.81% 5.68%
PNC PNC 68.53% 6.81% 1.39%
Park National PRK 139.03% 6.74% 10.89%
Old National ONB 26.82% -5.72% 8.79%
Select Bank Average* AVG 60.14% 1.26% 7.39%
10
About First Financial Bancorp
Strategic Direction
Recent Financial Results
11
Operational Excellence
• Focus on cost, efficiency & volume
Client Intimacy
• Strong client focus
• Relationship driven
Product Leadership
• Develop new products, new markets &
new techniques
What does First Financial stand for?
Strategic Overview
Our strategy is to be the Premier Business Bank in the markets we
serve
“Bank the business, bank the owner & bank the employees.”
Rationale:
Our value proposition – relationship banking & sophisticated solutions – resonates with and
is desired by small / mid-size businesses
Alignment with our competitive advantage
By expanding relationships with our business clients, we can efficiently grow all areas of the
bank – Consumer, Wealth & Business Banking
12
Premier Business Bank Our Strategy
13
Connecting Strategy to Execution
13
14
Strategic Priorities
Deliver top quartile shareholder returns
Continue to invest in innovative solutions that enable our clients to bank with us on their
terms
Promote leadership & development within our communities
Achieve best-in-class compliance & risk management programs
Remain vigilant in our credit philosophy & oversight
Focused growth efforts in metropolitan markets
Maintain a disciplined approach to process improvement & expense management
Deploy capital in an opportunistic & risk-appropriate manner
Proactively develop leadership talent across the organization
Plan & prepare for the $10 billion asset threshold
Pace – 3 to 5 years organic
Preparation – DFAST, risk, compliance, data management
15
About First Financial Bancorp
Strategic Direction
Recent Financial Results
16
3Q 2016 Highlights – 104th Consecutive Quarter of Profitability
Total assets increased $58.4 million, to $8.4 billion, compared to the linked quarter.
EOP loans increased $88.3 million, or 6.2% annualized, compared to the linked quarter.
EOP deposits increased $219.1 million, or 14.2% annualized, compared to the linked quarter.
EOP investment securities decreased $35.6 million, or 1.9%, compared to the linked quarter.
Balance Sheet
Profitability
Asset Quality
Net Interest Income
&
Net Interest Margin
Non-Interest Income
&
Non-Interest Expense
Capital
Non-interest income = $16.9 million.
Non-interest expense = $51.1 million.
Efficiency ratio = 59.6%.
Effective tax rate of 30.7%, including seasonal adjustments
Net interest income = $68.8 million, a $1.7 million increase compared to the linked quarter.
Net interest margin was unchanged at 3.61%; decreased by 1bp to 3.66% on a fully tax equivalent basis.
6.1% annualized growth in average earning assets
Net income = $22.9 million or $0.37 per diluted share.
Return on average assets = 1.09%.
Return on average shareholders’ equity = 10.62%.
Return on average tangible common equity = 14.08%.
Provision expense = $1.7 million. Net charge offs = $0.8 million. NCOs / Avg. Loans = 0.05% annualized.
Non-performing Loans / Total Loans = 0.87%. Non-performing Assets / Total Assets = 0.69%.
ALLL / Non-accrual Loans = 314.8%. ALLL / Total Loans = 1.00%.
Total capital ratio = 12.82%.
Tier 1 capital ratio = 10.20%.
Tangible common equity ratio = 7.97%.
Tangible book value per share = $10.50.
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Strategy & Outlook
Focus remains on organic growth and executing our core strategy:
1. Growing loans at risk-appropriate returns
Strong organic growth opportunities resulting from the mix of markets, products & businesses
built over the last five years
Full year 2016 loan growth trending toward high single digits to low double digits
Stable margin outlook in the near term, similar to year to date results
2. Growing core deposits to fund loan growth & generate fee income
Ever-present focus on growing low cost, core deposits
Continue repositioning our balance sheet - redeploy cash flows from securities to fund
organic loan growth, similar to year to date results
3. Growing noninterest income to help build & diversify revenue
Strategies focused on product pricing, governance and client penetration
4. Maintaining our focus on efficiency & diligent expense management
Non-interest expense base expected to be approximately $50 million per quarter
5. Remaining vigilant in our credit oversight
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Profitability
Net Income & EPS Return on Average Assets
Return on Tangible Common Equity
All dollars shown in millions
$22.9 $22.6
$19.8 $19.8
$18.7
$0.37 $0.36
$0.32 $0.32
$0.30
3Q162Q161Q164Q153Q15
Net Income EPS
$8,322 $8,204 $8,119
$7,950
$7,611
1.09% 1.11%
0.98% 0.99% 0.97%
3Q162Q161Q164Q153Q15
Average Assets ROAA
$645
$626
$610 $606 $601
14.08% 14.49%
13.06% 12.98%
12.33%
3Q162Q161Q164Q153Q15
Average Tangible Equity ROATCE
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Adjusted Net Income
Reflects impact to net income from items that do not occur on a regular basis
Earnings Diluted EPS Earnings Diluted EPS
GAAP net income 22,850$ 0.37$ 22,568$ 0.36$
Less: noninterest income adjustments 1,2 (398) (2,164)
Plus: noninterest expense adjustments 3.4 411 162
Subtotal 22,863 20,566
Tax adjustments (4) 843
Adjusted net income 22,859$ 0.37$ 21,409$ 0.35$
3Q 2016 2Q 2016
1
3Q 2016 noninterest income includes $0.4 million in gains on sales of investment securities
3
3Q 2016 adjustments include $0.8 million of severance expense, $0.2 million of gains related to branch consolidation activities and a $0.2 million legal recovery
(Dollars in thousands)
2
2Q 2016 noninterest income includes $2.4 million of previously unrealized income from the redemption of a limited partnership investment during the period and
$0.2 million in losses on sales of investment securities
4
2Q 2016 adjustments include $0.2 million of expenses related to branch consolidation activities
20
Loan Portfolio
Loan Product Mix (EOP) Net Loan Change (Linked Quarter)
* Includes residential mortgage, home equity, installment, & credit card.
All dollars shown in millions
Highlights
32% 33% 34% 33% 33%
14% 14% 14% 15% 15%
29% 28%
27% 27% 27%
7% 7%
6%
6%
5%
18% 19%
19%
20%
20%
$5,790 $5,701
$5,505
$5,389
$5,216
3Q162Q161Q164Q153Q15
Commercial & Leasing Owner Occupied CRE Investor CRE
Construction Consumer Lending*
-$16.0
$1.2
-$4.0
$103.5
$9.4
-$5.8
Commercial & Leasing
Owner Occupied CRE
Owner Occupied Construction
Investor CRE
Investor Construction
Consumer Lending*
-$18.8
Total C&I
Portfolio continues to be well-balanced
3Q impacted by strong I-CRE production as well
as elevated C&I prepayment activity
4Q production expected to be biased toward C&I
I-CRE & Construction concentration levels of
227% and 56% of total capital, well below
300%/100% regulatory guidance.
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Loan Portfolio
Loan Portfolio By Geography 1
Average Loan Size & Rate 2
Nationwide Lending Platforms
1 Includes loans held for sale. Excludes purchase accounting loan marks.
2 Average loan balances in $000s.
3 Includes Oak Street, Franchise, shared national credits & other loans outside
Ohio, Indiana, & Kentucky.
$2,853
49%
$1,488
25%
$227
4%
$1,257
22%
Ohio
Indiana
Kentucky
National Business
3
$332
6%
$544
9%
$4,914
85%
Oak Street
Franchise
All Other Loans
$359 $401
$647
$805
$444
$113 $32
3.9%
4.0%
3.6%
5.4%
7.4%
4.0% 4.1%
C&I* OOCRE* ICRE* Franchise Oak Street Mortgage Home
Equity
Average Balance Weighted Average Rate
* Ex.Franchise & OSF
22
Loan Portfolio
C&I Loans By Industry 1 CRE Loans By Collateral 2
1 Industry types included in Other representing greater than 1% of total C&I loans include Agriculture, Retail Trade, Public Administration, Waste
Management, Other Services, Educational Services, Transportation & Warehousing, and Arts, Entertainment, & Recreation.
2 Collateral types included in Other representing greater than 1% of total CRE loans include Commercial Building Construction, Farmland, Student
Housing, Manufacturing Facility, Strip Center, Residential Multi Family 5+ Construction, Nursing/Assisted Living, Recreation Facility, Church,
Vacant Land Held for Development, School/Education Related.
Accommodation and
Food Services
24%
Finance and
Insurance
21%
Manufacturing
14%
Wholesale
Trade
7%
Real Estate and
Rental and Leasing
5%
Professional,
Scientific, and
Technical Services
5%
Healthcare
4%
Construction
3%
Other
17%
Retail
13%
Office
11%
Residential, Multi
Family 5+
9%
Commercial Building
Construction
8%
Restaurant
7%
Residential, 1-4
Family
6%
Industrial Facility
5%
Warehouse
5%
Medical Office
3%
Hotel/Motel
3%
All others
30%
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Investment Portfolio
Total EOP investments of $1.80 billion
Investment Portfolio / Total Assets = 21.5%
Effective yield earned during third quarter = 2.50%
Portfolio duration = 2.6 years
Portfolio Composition Portfolio Quality
Agency CMOs
24%
Commercial MBS
24%
Asset-backed
securities
16%
Agency Pass-through
Securities
15%
Municipal Securities
8%
Non-Agency CMOs
5%
Regulatory stock
3%
Non-Agency Pass-
through Securities
2%
Corporate Securities
1% U.S. Government
Agency Debt
1%
Other
1%
U.S.
Government
Debt
0%
Agency, 66.2%
AAA, 14.8%
AA, 3.1%
FRB/FHLB Stock, 2.8%
AA+, 2.6%
BBB, 2.2%
A, 2.2%
AA-, 1.9%
A-, 1.4%
BBB+, 1.2%
Other, 1.6%
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Asset Quality
Non-Performing Assets / Total Assets Classified Assets / Total Assets
Allowance / Total Loans Net Charge Offs & Provision Expense
All dollars shown in millions
$58.0
$59.6
$64.1
$70.1 $71.1
0.69% 0.72%
0.78%
0.86%
0.90%
3Q162Q161Q164Q153Q15
NPAs NPAs / Total Assets
$57.6 $56.7 $53.7 $53.4 $53.3
1.00% 0.99% 0.98% 0.99% 1.02%
3Q162Q161Q164Q153Q15
Allowance for Loan Losses ALLL / Total Loans
$0.8 $1.1 $1.3 $1.8 $2.2
$1.7
$4.0
$1.7
$1.9
$2.6
0.05% 0.08%
0.10%
0.14% 0.17%
3Q162Q161Q164Q153Q15
NCOs Provision Expense NCOs / Average Loans
$142.2 $143.3
$133.9 $132.4 $130.1
1.70% 1.72%
1.63% 1.63% 1.63%
3Q162Q161Q164Q153Q15
Classified Assets Classified Assets / Total Assets
25
Net Interest Income / Net Interest Margin
Gross loans include loans held for sale & FDIC indemnification asset
All dollars shown in millions
Average Deposits Net Interest Income
Average Securities Average Loans
$68.8
$67.1 $66.6 $66.1
$63.2
3.66% 3.67%
3.68% 3.69%
3.67%
3Q162Q161Q164Q153Q15
Net Interest Income Net Interest Margin (FTE)
$1,811
$1,870
$1,939 $1,934
$1,848
2.50%
2.54% 2.59%
2.44%
2.39%
3Q162Q161Q164Q153Q15
Average Investment Securities Investment Securities Yield
$5,758
$5,584
$5,435
$5,267
$5,053
4.54% 4.55% 4.59%
4.62%
4.52%
3Q162Q161Q164Q153Q15
Gross Loans Loan Yield
23% 23% 23% 22% 23%
23% 24% 23% 23% 21%
33% 32% 32% 32% 34%
21% 21% 23% 23% 23%
$6,201 $6,309 $6,136 $6,247 $5,960
0.36% 0.35% 0.36%
0.33% 0.32%
3Q162Q161Q164Q153Q15
NIB Demand IB Demand Savings
Time Cost of Deposits
26
Interest Rate Sensitivity
Loan Portfolio – Floating Loan Growth (1)
Sensitivity Trend (Up100, Up200) (3)
32% Y-o-Y growth in floating rate lending (1)
43% Y-o-Y growth in client derivatives (2)
% of loans repricing:
<=3 months 57%
<1 year 58%
Securities portfolio duration – 2.6 years
Non-maturity, interest bearing accounts
modeled to increase 63 bps in an “Up 100”
scenario
(1) As defined by EOP loans repricing in three months or less.
(2) As defined by client derivative notional balances.
(3) Immediate parallel shifts across a 12 month horizon
$2,523 $2,676
$2,811
$3,179
$3,334
48%
49%
51%
56%
57%
3Q15 4Q15 1Q16 2Q16 3Q16
Floating % of Gross Loans
-$0.005
$0.001 $0.005
$0.018
$0.027 $0.029 $0.030
$0.038
$0.071
$0.100
-0.19% 0.03% 0.16%
0.62% 0.89%
1.04% 1.03% 1.28%
2.42%
3.27%
3Q15 4Q15 1Q16 2Q16 3Q16
Up100 Up200 Up100 Up200
EPS Impact Sensitivity
27
Non-Interest Income
Non-Interest Income 3Q16 Highlights
* Includes net gain on sale of investment securities & other noninterest income.
All dollars shown in millions
Total other non-interest income
decreased $3.2 million, or 16.1%, on
lower loss share related & other
income
Service charges on deposits
increased $0.6 million, or 13.5%
Gains from sales of mortgage loans
increased $0.2 million, or 11.9%
Loss share related income decreased
$1.4 million, or 111.8%
Other non-interest income decreased
$2.5 million, or 53.5%, due to $2.4
million of income from the redemption
of a limited partnership investment in
2Q
Included $0.4 million in gains on sale
of investment securities
30% 22% 28% 30% 24%
19%
16% 22% 20%
15%
18%
15% 19% 19% 14%
12%
9%
8% 8%
9%
7% 9%
7% 6%
8%
6%
3% 4%
14% 14%
22%
14% 13%
16%
$16.9
$20.2
$15.5 $15.8
$20.4
3Q162Q161Q164Q153Q15
Service Charges Wealth Mgmt
Bankcard Gains from sales of loans
Client derivatives Loss Share Income
Other *
28
Non-Interest Expense
Noninterest Expense 3Q16 Highlights
Efficiency Ratio
All dollars shown in millions
Total non-interest expense increased
$1.7 million, or 3.4%
$2.6 million, or 8.7%, increase in salary
& benefits expense, which includes
$0.8 million of severance costs & YTD
performance based compensation
accruals
$1.1 million, or 18.1%, decline in other
non-interest expense includes $0.4
million of gains related to branch
consolidation activities
Net occupancy expenses include $0.2
million of lease termination costs
related to branch consolidations
63% 60% 58% 58% 52%
37%
40% 42% 42% 48%
$51.1 $49.4 $50.7 $51.3
$53.0
1,402 1,403 1,390 1,400 1,394
3Q162Q161Q164Q153Q15
Personnel Non-Personnel FTE
$51.1
$49.4
$50.7 $51.3
$53.0
59.6%
56.6%
61.8% 62.6%
63.5%
3Q162Q161Q164Q153Q15
NIE Efficiency Ratio
29
Capital
Tier 1 Common Equity
Tangible Book Value Total Capital
Tangible Common Equity
All capital numbers are considered preliminary
All dollars shown in millions
$650.2
$635.5
$615.1
$597.5 $601.3
$10.50 $10.26 $9.94 $9.69 $9.74
3Q162Q161Q164Q153Q15
Tangible Book Value Tangible Book Value per Share
$865.2 $849.3 $831.9 $822.4 $812.0
12.82% 12.70% 12.84% 13.04%
13.37%
12.50%
3Q162Q161Q164Q153Q15
Total Capital Total Capital Ratio Target
$688.4
$673.3
$658.0
$648.7
$638.6
10.20% 10.07% 10.16% 10.28%
10.51%
10.50%
3Q162Q161Q164Q153Q15
Tier 1 Common Equity Tier 1 Common Ratio Target
$650.2
$635.5
$615.1
$597.5 $601.3
7.97% 7.85% 7.71% 7.53%
7.84%
3Q162Q161Q164Q153Q15
Tangible Book Value Tangible Common Ratio
30
Appendix: Non-GAAP to GAAP Reconciliation
Net interest income and net interest margin - fully tax equivalent
Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, Sep. 30, Sep. 30,
2016 2016 2016 2015 2015 2016 2015
Net interest income $68,818 $67,132 $66,555 $66,083 $63,159 $202,505 $180,419
Tax equivalent
adjustment 1,028 1,058 1,052 1,046 1,000 3,138 2,971
Net interest income -
tax equivalent $69,846 $68,190 $67,607 $67,129 $64,159 $205,643 $183,390
Average earning assets $7,591,160 $7,475,711 $7,398,013 $7,219,995 $6,938,107 $7,488,670 $6,711,900
Net interest margin* 3.61 % 3.61 % 3.62 % 3.63 % 3.61 % 3.61 % 3.59 %
Net interest margin (fully
tax equivalent)* 3.66 % 3.67 % 3.68 % 3.69 % 3.67 % 3.67 % 3.65 %
Three months ended YTD
* Margins are calculated using net interest income annualized divided by average earning assets.
Net interest income-tax equivalent, appears in the tables entitled “Additional Data” at the bottom of the “Consolidated Quarterly Statements of
Income” pages. The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-
exempt assets and assumes a 35% tax rate. Management believes that it is a standard practice in the banking industry to present net interest
margin and net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to
investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.
31
Appendix: Non-GAAP to GAAP Reconciliation
Additional non-GAAP ratios
Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, Sep. 30, Sep. 30,
(Dollars in thousands, except per share data) 2016 2016 2016 2015 2015 2016 2015
Net income (a) $22,850 $22,568 $19,814 $19,820 $18,673 $65,232 $55,243
Average total shareholders' equity 856,296 837,412 821,588 817,756 812,396 838,497 800,589
Less:
Goodw ill and other intangible (210,888) (211,199) (211,533) (211,865) (211,732) (210,888) (211,732)
Average tangible equity (b) 645,408 626,213 610,055 605,891 600,664 627,609 588,857
Total shareholders' equity 861,137 846,723 826,587 809,376 813,012 861,137 813,012
Less:
Goodw ill (210,888) (211,199) (211,533) (211,865) (211,732) (210,888) (211,732)
Ending tangible equity (c) 650,249 635,524 615,054 597,511 601,280 650,249 601,280
Total assets 8,368,481 8,310,102 8,193,554 8,147,411 7,880,533 8,368,481 7,880,533
Less:
Goodw ill (210,888) (211,199) (211,533) (211,865) (211,732) (210,888) (211,732)
Ending tangible assets (d) 8,157,593 8,098,903 7,982,021 7,935,546 7,668,801 8,157,593 7,668,801
Risk-w eighted assets (e) 6,750,749 6,685,158 6,478,716 6,308,139 6,073,899 6,750,749 6,073,899
Total average assets 8,322,156 8,203,837 8,118,945 7,950,278 7,611,389 8,215,370 7,353,698
Less:
Goodw ill (210,888) (211,199) (211,533) (211,865) (211,732) (210,888) (211,732)
Average tangible assets (f) $8,111,268 $7,992,638 $7,907,412 $7,738,413 $7,399,657 $8,004,482 $7,141,966
Ending shares outstanding (g) 61,952,873 61,959,529 61,855,027 61,641,680 61,713,633 61,952,873 61,713,633
Ratios
Return on average tangible shareholders' equity (a)/(b) 14.08 % 14.49 % 13.06 % 12.98 % 12.33 % 13.88 % 12.54 %
Ending tangible equity as a percent of:
Ending tangible assets (c)/(d) 7.97 % 7.85 % 7.71 % 7.53 % 7.84 % 7.97 % 7.84 %
Risk-w eighted assets (c)/(e) 9.63 % 9.51 % 9.49 % 9.47 % 9.90 % 9.63 % 9.90 %
Average tangible equity as a percent of average tangible
assets (b)/(f) 7.96 % 7.83 % 7.71 % 7.83 % 8.12 % 7.84 % 8.25 %
Tangible book value per share (c)/(g) 10.50$ 10.26$ 9.94$ 9.69$ 9.74$ 10.50$ $9.74
Three months ended YTD
The earnings press release also includes some non-GAAP ratios in the “Consolidated Financial Highlights” page. These ratios are: (1) Return on average tangible shareholders' equity; (2) Ending
tangible shareholders' equity as a percent of ending tangible assets; (3) Ending tangible shareholders' equity as a percent of risk-w eighted assets; (4) Average tangible shareholders' equity as a
percent of average tangible assets; and (5) Tangible book value per share. The Ending tangible shareholders' equity as a percent of ending tangible assets and Average tangible shareholders'
equity as a percent of average tangible assets are also show n in the “Regulatory Capital” section of the “Capital Adequacy” page in the earnings release. The Company considers these critical
metrics w ith w hich to analyze banks. The ratios have been included in the earnings press release to facilitate a better understanding of the Company's capital structure and f inancial condition.
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