Document

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 19, 2018

FIRST FINANCIAL BANCORP.

(Exact name of registrant as specified in its charter)



Ohio		31-1042001
(State or other jurisdiction of incorporation or organization)		(I.R.S. employer identification number)

Commission file number: 001-34762

255 East Fifth Street, Suite 700, Cincinnati, Ohio 45202

(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (877) 322-9530

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined

in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2

of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not

to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On July 19, 2018, First Financial Bancorp. (the "Company") issued its earnings press release that included its results of operations and financial condition for the first six months and second quarter of 2018. A copy of the earnings press release is attached as Exhibit 99.1.

The Company also provided electronic presentation slides on its web site used in connection with the earnings conference call. A copy of the electronic presentation slides is included in this Report as Exhibit 99.2.

The information set forth in this Current Report on Form 8-K (including the information in Exhibits 99.1 and 99.2 attached hereto) is being furnished to the Securities and Exchange Commission and is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") , or otherwise subject to the liabilities under the Exchange Act. Such information shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Cautionary Statements Regarding Forward-Looking Information

Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. 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. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these 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 costs or difficulties related to the integration of acquired companies; (v) the possibility that any of the anticipated benefits of the Company’s recent merger with MainSource Financial Group, Inc. will not be realized or will not be realized within the expected time period; (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 Form 10-K for the year ended December 31, 2017, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov.

All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.

Item 9.01 Financial Statements and Exhibits.

The following exhibits shall not be deemed to be "filed" for purposes of the Exchange Act:

Exhibit No. Description

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST FINANCIAL BANCORP.



		By: /s/ James M. Anderson
		James M. Anderson
		Executive Vice President and Chief Financial Officer

Date:	July 19, 2018

First Financial Bancorp Announces Second Quarter 2018 Results

Merger Completed Creating High Performing Midwestern Community Bank

Cincinnati, Ohio - July 19, 2018 - First Financial Bancorp. (Nasdaq: FFBC) (“First Financial” or the “Company”) announced financial results for the second quarter of 2018.

For the three months ended June 30, 2018, the Company reported net income of $36.4 million, or $0.37 per diluted common share. These results compare to net income of $30.5 million, or $0.49 per diluted common share, for the first quarter of 2018 and $22.7 million, or $0.37 per diluted common share, for the second quarter of 2017. During the quarter the Company incurred $24.3 million in merger related expenses, which reduced earnings per diluted common share by $0.20. For the six months ended June 30, 2018, First Financial had earnings per diluted common share of $0.83 compared to $0.76 for the same period in 2017.

Return on average assets for the second quarter of 2018 was 1.05% while return on average tangible common equity was 13.71%. These compare to a return on average assets of 1.40% and return on average tangible common equity of 17.17% in the first quarter of 2018 and a return on average assets of 1.06% and a return on average tangible common equity of 13.42% in the second quarter of 2017. On an adjusted⁽¹⁾basis, second quarter return on average assets was 1.60% and return on tangible common equity was 20.94%.

Archie Brown, President and Chief Executive Officer, commented, “We are very pleased with our performance in the second quarter, which reflects our emerging potential as a combined company. After taking into account adjustments⁽¹⁾ for merger related items, our 111th consecutive quarter of profitability was highlighted by strong earnings, in addition to top quartile return on assets and return on tangible common equity."

Second quarter 2018 highlights include:

After adjustments¹⁾ for merger related items:

Net income of $0.57 per diluted common share

1.60% return on average assets

20.94% return on average tangible common equity

Net interest income of $124.0 million

Net interest margin increased 30 basis points from the linked quarter to 4.10% on a GAAP basis; 4.15% on a fully tax equivalent basis⁽¹⁾

Noninterest expenses of $102.8 million, or $78.8 million as adjusted⁽¹⁾

Efficiency ratio of 67.50% for the second quarter; 51.66% as adjusted⁽¹⁾

Stable credit performance with provision expense of $3.7 million; annualized net charge-offs of 18 basis points as a percentage of average loans

Archie Brown further commented, "The second quarter was also highlighted by margin expansion, improved adjusted efficiency and stable credit quality. Loan growth fell short of our initial expectations as a result of lower loan originations combined with higher prepayment activity, however we anticipate our loan growth trends will gradually improve in the second half of this year."

____________________________________________________________________________________________

⁽¹⁾Financial information in this release that is described as “adjusted” or that is presented on a fully tax equivalent basis is non-GAAP. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled “Use of Non-GAAP Financial Measures” in this release and “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

Mr. Brown concluded, "We believe we are well positioned to capitalize on the earnings momentum generated during the second quarter and close the year on a strong note. With the majority of merger-related activity behind us, our focus is on maximizing remaining synergies and implementing strategic initiatives that produce top quartile returns, while continuing to deliver the value and service that our clients, communities and shareholders have come to expect."

Full detail of the Company’s second quarter and year to date performance is provided in the accompanying financial statements and slide presentation.

Teleconference / Webcast Information

First Financial’s executive management will host a conference call to discuss the Company’s financial and operating results on Friday, July 20, 2018 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (877) 506-6873 (U.S. toll free), (855) 669-9657 (Canada toll free) or +1 (412) 380-2003 (International) (no passcode required). The number should be dialed five to ten minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company’s website at www.bankatfirst.com. A replay of the conference call will be available beginning one hour after the completion of the live call at (877) 344-7529 (U.S. toll free), (855) 669-9658 (Canada toll free) and +1 (412) 317-0088 (International); conference number 10121859. The webcast will be archived on the Investor Relations section of the Company’s website for 12 months.

Press Release and Additional Information on Website

This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.

Use of Non-GAAP Financial Measures

This earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company’s results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

Forward-Looking Statement

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. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these 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 costs or difficulties related to the integration of acquired companies; (v) the possibility that any of the anticipated benefits of the Company’s recent merger with MainSource Financial Group, Inc. will not be realized or will not be realized within the expected time period; (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 Form 10-K for the year ended December 31, 2017, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov.

About First Financial Bancorp.

First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of June 30, 2018, the Company had $13.9 billion in assets, $8.9 billion in loans, $10.1 billion in deposits and $2.0 billion in shareholders’ equity. The Company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $2.7 billion in assets under management as of June 30, 2018. The Company’s primary operating markets are located in Ohio, Indiana and Kentucky where it operated 158 banking centers as of June 30, 2018, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations is available at www.bankatfirst.com.

Investors/Analysts Media

Jamie Anderson Lynda Crossan

Chief Financial Officer Marketing Director

(513) 887-5400 (513) 979-5817

InvestorRelations@bankatfirst.com Lynda.Crossan@bankatfirst.com

Selected Financial Information



Contents	Page
Consolidated Financial Highlights	2
Consolidated Statements of Income	3
Consolidated Quarterly Statements of Income	4-5
Consolidated Statements of Condition	6
Average Consolidated Statements of Condition	7
Net Interest Margin Rate / Volume Analysis	8-9
Credit Quality	10
Capital Adequacy	11



FIRST FINANCIAL BANCORP.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
(Unaudited)

	Three Months Ended,															Six months ended,
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,
	2018			2018			2017			2017			2017			2018			2017
RESULTS OF OPERATIONS
Net income	$	36,418		$	30,506		$	24,811		$	24,826		$	22,736		$	66,924		$	47,150
Net earnings per share - basic	$	0.37		$	0.49		$	0.40		$	0.40		$	0.37		$	0.84		$	0.77
Net earnings per share - diluted	$	0.37		$	0.49		$	0.40		$	0.40		$	0.37		$	0.83		$	0.76
Dividends declared per share	$	0.19		$	0.19		$	0.17		$	0.17		$	0.17		$	0.38		$	0.34

KEY FINANCIAL RATIOS
Return on average assets	1.05		%	1.40		%	1.13		%	1.13		%	1.06		%	1.18		%	1.12		%
Return on average shareholders' equity	7.36		%	13.31		%	10.70		%	10.85		%	10.25		%	9.25		%	10.80		%
Return on average tangible shareholders' equity	13.71		%	17.17		%	13.85		%	14.10		%	13.42		%	24.94		%	14.18		%

Net interest margin	4.10		%	3.80		%	3.75		%	3.50		%	3.50		%	3.98		%	3.56		%
Net interest margin (fully tax equivalent) ⁽¹⁾	4.15		%	3.84		%	3.82		%	3.57		%	3.56		%	4.03		%	3.63		%

Ending shareholders' equity as a percent of ending assets	14.36		%	10.56		%	10.46		%	10.44		%	10.31		%	14.36		%	10.31		%
Ending tangible shareholders' equity as a percent of:
Ending tangible assets	8.30		%	8.41		%	8.30		%	8.25		%	8.09		%	8.30		%	8.09		%
Risk-weighted assets	10.52		%	10.09		%	10.15		%	9.95		%	9.92		%	10.52		%	9.92		%

Average shareholders' equity as a percent of average assets	14.23		%	10.53		%	10.54		%	10.42		%	10.36		%	12.80		%	10.36		%
Average tangible shareholders' equity as a percent of
average tangible assets	8.18		%	8.36		%	8.34		%	8.21		%	8.12		%	5.16		%	8.09		%

Book value per share	$	20.40		$	15.11		$	14.99		$	14.74		$	14.45		$	20.40		$	14.45
Tangible book value per share	$	11.01		$	11.75		$	11.62		$	11.36		$	11.07		$	11.01		$	11.07

Common equity tier 1 ratio ⁽²⁾	11.15		%	10.77		%	10.63		%	10.53		%	10.54		%	11.15		%	10.54		%
Tier 1 ratio ⁽²⁾	11.55		%	10.77		%	10.63		%	10.53		%	10.54		%	11.55		%	10.54		%
Total capital ratio ⁽²⁾	13.36		%	13.17		%	13.07		%	12.98		%	13.05		%	13.36		%	13.05		%
Leverage ratio ⁽²⁾	9.05		%	9.00		%	8.84		%	8.74		%	8.69		%	9.05		%	8.69		%

AVERAGE BALANCE SHEET ITEMS
Loans ⁽³⁾	$	8,933,400		$	6,016,492		$	5,952,290		$	5,902,053		$	5,789,610		$	7,483,004		$	5,763,208
FDIC indemnification asset	—			1,502			7,413			8,932			10,327			747			10,920
Investment securities	3,157,339			2,042,781			2,020,040			2,041,785			2,035,334			2,603,139			1,971,372
Interest-bearing deposits with other banks	29,261			27,073			25,357			37,199			20,293			28,173			30,582
Total earning assets	$	12,120,000		$	8,087,848		$	8,005,100		$	7,989,969		$	7,855,564		$	10,115,063		$	7,776,082
Total assets	$	13,940,322		$	8,830,176		$	8,731,956		$	8,716,917		$	8,582,961		$	11,399,366		$	8,496,496
Noninterest-bearing deposits	$	2,421,230		$	1,570,572		$	1,637,228		$	1,510,032		$	1,513,995		$	1,998,251		$	1,506,587
Interest-bearing deposits	7,961,405			5,332,740			5,202,412			5,170,365			5,056,223			6,654,334			4,999,808
Total deposits	$	10,382,635		$	6,903,312		$	6,839,640		$	6,680,397		$	6,570,218		$	8,652,585		$	6,506,395
Borrowings	$	1,408,024		$	866,848		$	842,211		$	999,818		$	995,132		$	1,138,931		$	981,803
Shareholders' equity	$	1,984,055		$	929,474		$	920,194		$	908,057		$	889,604		$	1,459,678		$	880,460

CREDIT QUALITY RATIOS
Allowance to ending loans	0.61		%	0.89		%	0.90		%	0.91		%	0.93		%	0.61		%	0.93		%
Allowance to nonaccrual loans	133.65		%	179.57		%	224.32		%	181.07		%	150.05		%	133.65		%	150.05		%
Allowance to nonperforming loans	86.80		%	120.24		%	129.77		%	109.48		%	96.77		%	86.80		%	96.77		%
Nonperforming loans to total loans	0.70		%	0.74		%	0.69		%	0.83		%	0.97		%	0.70		%	0.97		%
Nonperforming assets to ending loans, plus OREO	0.72		%	0.76		%	0.74		%	0.89		%	1.07		%	0.72		%	1.07		%
Nonperforming assets to total assets	0.46		%	0.52		%	0.50		%	0.60		%	0.72		%	0.46		%	0.72		%
Classified assets to total assets	1.00		%	0.98		%	0.98		%	1.08		%	1.13		%	1.00		%	1.13		%
Net charge-offs to average loans (annualized)	0.18		%	0.13		%	0.02		%	0.22		%	0.13		%	0.16		%	0.14		%

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate for 2018 and a 35% tax rate for 2017. 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.

(2) June 30, 2018 regulatory capital ratios are preliminary.

(3) Includes loans held for sale.



FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	Three months ended,								Six months ended,
	Jun. 30,								Jun. 30,
	2018			2017			% Change		2018			2017			% Change
Interest income
Loans and leases, including fees	$	122,290		$	67,748		80.5	%	$	197,210		$	134,616		46.5	%
Investment securities
Taxable	20,844			12,598			65.5	%	34,514			24,206			42.6	%
Tax-exempt	4,068			1,457			179.2	%	5,725			2,810			103.7	%
Total investment securities interest	24,912			14,055			77.2	%	40,239			27,016			48.9	%
Other earning assets	177			(1,014		)	117.5	%	284			(2,015		)	114.1	%
Total interest income	147,379			80,789			82.4	%	237,733			159,617			48.9	%

Interest expense
Deposits	14,794			8,679			70.5	%	25,092			15,604			60.8	%
Short-term borrowings	4,132			2,051			101.5	%	6,795			3,483			95.1	%
Long-term borrowings	4,474			1,539			190.7	%	6,055			3,078			96.7	%
Total interest expense	23,400			12,269			90.7	%	37,942			22,165			71.2	%
Net interest income	123,979			68,520			80.9	%	199,791			137,452			45.4	%
Provision for loan and lease losses	3,735			467			699.8	%	6,038			834			624.0	%
Net interest income after provision for loan and lease losses	120,244			68,053			76.7	%	193,753			136,618			41.8	%

Noninterest income
Service charges on deposit accounts	9,568			4,772			100.5	%	14,607			9,416			55.1	%
Trust and wealth management fees	3,697			3,405			8.6	%	7,651			7,152			7.0	%
Bankcard income	5,343			3,501			52.6	%	8,737			6,636			31.7	%
Client derivative fees	1,463			1,489			(1.7	)%	3,220			2,592			24.2	%
Net gains from sales of loans	2,316			1,327			74.5	%	2,904			2,543			14.2	%
Net gains (losses) on sale of investment securities	(30		)	838			(103.6	)%	(30		)	1,354			(102.2	)%
Other	5,899			2,122			178.0	%	8,105			5,125			58.1	%
Total noninterest income	28,256			17,454			61.9	%	45,194			34,818			29.8	%

Noninterest expenses
Salaries and employee benefits	55,531			31,544			76.0	%	86,633			63,294			36.9	%
Net occupancy	6,631			4,302			54.1	%	11,128			8,817			26.2	%
Furniture and equipment	5,298			2,136			148.0	%	7,338			4,313			70.1	%
Data processing	14,304			3,501			308.6	%	17,976			6,799			164.4	%
Marketing	2,644			982			169.2	%	3,445			1,492			130.9	%
Communication	1,118			468			138.9	%	1,577			915			72.3	%
Professional services	5,659			1,469			285.2	%	7,857			3,227			143.5	%
State intangible tax	1,078			721			49.5	%	1,843			1,442			27.8	%
FDIC assessments	1,323			1,018			30.0	%	2,217			1,950			13.7	%
Loss (gain) - other real estate owned	(283		)	162			(274.7	)%	(206		)	186			(210.8	)%
Other	9,452			5,253			79.9	%	15,235			10,166			49.9	%
Total noninterest expenses	102,755			51,556			99.3	%	155,043			102,601			51.1	%
Income before income taxes	45,745			33,951			34.7	%	83,904			68,835			21.9	%
Income tax expense	9,327			11,215			(16.8	)%	16,980			21,685			(21.7	)%
Net income	$	36,418		$	22,736		60.2	%	$	66,924		$	47,150		41.9	%

ADDITIONAL DATA
Net earnings per share - basic	$	0.37		$	0.37				$	0.84		$	0.77
Net earnings per share - diluted	$	0.37		$	0.37				$	0.83		$	0.76
Dividends declared per share	$	0.19		$	0.17				$	0.38		$	0.34

Return on average assets	1.05		%	1.06		%			1.18		%	1.12		%
Return on average shareholders' equity	7.36		%	10.25		%			9.25		%	10.80		%

Interest income	$	147,379		$	80,789		82.4	%	$	237,733		$	159,617		48.9	%
Tax equivalent adjustment	1,420			1,294			9.7	%	2,138			2,519			(15.1	)%
Interest income - tax equivalent	148,799			82,083			81.3	%	239,871			162,136			47.9	%
Interest expense	23,400			12,269			90.7	%	37,942			22,165			71.2	%
Net interest income - tax equivalent	$	125,399		$	69,814		79.6	%	$	201,929		$	139,971		44.3	%

Net interest margin	4.10		%	3.50		%			3.98		%	3.56		%
Net interest margin (fully tax equivalent) ⁽¹⁾	4.15		%	3.56		%			4.03		%	3.63		%

Full-time equivalent employees	2,118			1,429

(1) 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 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.
N/M = Not meaningful.



FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	2018
	Second			First			Full			% Change
	Quarter			Quarter			Year			Linked Qtr.
Interest income
Loans and leases, including fees	$	122,290		$	74,920		$	197,210		63.2	%
Investment securities
Taxable	20,844			13,670			34,514			52.5	%
Tax-exempt	4,068			1,657			5,725			145.5	%
Total investment securities interest	24,912			15,327			40,239			62.5	%
Other earning assets	177			107			284			65.4	%
Total interest income	147,379			90,354			237,733			63.1	%

Interest expense
Deposits	14,794			10,298			25,092			43.7	%
Short-term borrowings	4,132			2,663			6,795			55.2	%
Long-term borrowings	4,474			1,581			6,055			183.0	%
Total interest expense	23,400			14,542			37,942			60.9	%
Net interest income	123,979			75,812			199,791			63.5	%
Provision for loan and lease losses	3,735			2,303			6,038			62.2	%
Net interest income after provision for loan and lease losses	120,244			73,509			193,753			63.6	%

Noninterest income
Service charges on deposit accounts	9,568			5,039			14,607			89.9	%
Trust and wealth management fees	3,697			3,954			7,651			(6.5	)%
Bankcard income	5,343			3,394			8,737			57.4	%
Client derivative fees	1,463			1,757			3,220			(16.7	)%
Net gains from sales of loans	2,316			588			2,904			293.9	%
Net gains (losses) on sale of investment securities	(30		)	0			(30		)	N/M
Other	5,899			2,206			8,105			167.4	%
Total noninterest income	28,256			16,938			45,194			66.8	%

Noninterest expenses
Salaries and employee benefits	55,531			31,102			86,633			78.5	%
Net occupancy	6,631			4,497			11,128			47.5	%
Furniture and equipment	5,298			2,040			7,338			159.7	%
Data processing	14,304			3,672			17,976			289.5	%
Marketing	2,644			801			3,445			230.1	%
Communication	1,118			459			1,577			143.6	%
Professional services	5,659			2,198			7,857			157.5	%
State intangible tax	1,078			765			1,843			40.9	%
FDIC assessments	1,323			894			2,217			48.0	%
Loss (gain) - other real estate owned	(283		)	77			(206		)	(467.5	)%
Other	9,452			5,783			15,235			63.4	%
Total noninterest expenses	102,755			52,288			155,043			96.5	%
Income before income taxes	45,745			38,159			83,904			19.9	%
Income tax expense	9,327			7,653			16,980			21.9	%
Net income	$	36,418		$	30,506		$	66,924		19.4	%

ADDITIONAL DATA
Net earnings per share - basic	$	0.37		$	0.49		$	0.84
Net earnings per share - diluted	$	0.37		$	0.49		$	0.83
Dividends declared per share	$	0.19		$	0.19		$	0.38

Return on average assets	1.05		%	1.40		%	1.18		%
Return on average shareholders' equity	7.36		%	13.31		%	9.25		%

Interest income	$	147,379		$	90,354		$	237,733		63.1	%
Tax equivalent adjustment	1,420			718			2,138			97.8	%
Interest income - tax equivalent	148,799			91,072			239,871			63.4	%
Interest expense	23,400			14,542			37,942			60.9	%
Net interest income - tax equivalent	$	125,399		$	76,530		$	201,929		63.9	%

Net interest margin	4.10		%	3.80		%	3.98		%
Net interest margin (fully tax equivalent)⁽¹⁾	4.15		%	3.84		%	4.03		%

Full-time equivalent employees	2,118			1,289

(1) 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 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.
N/M = Not meaningful.



FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	2017
	Fourth			Third			Second			First			Full
	Quarter			Quarter			Quarter			Quarter			Year
Interest income
Loans and leases, including fees	$	74,347		$	71,148		$	67,748		$	66,868		$	280,111
Investment securities
Taxable	13,212			13,150			12,598			11,608			50,568
Tax-exempt	1,571			1,537			1,457			1,353			5,918
Total investment securities interest	14,783			14,687			14,055			12,961			56,486
Other earning assets	(592		)	(917		)	(1,014		)	(1,001		)	(3,524		)
Total interest income	88,538			84,918			80,789			78,828			333,073

Interest expense
Deposits	9,243			10,335			8,679			6,925			35,182
Short-term borrowings	2,144			2,566			2,051			1,432			8,193
Long-term borrowings	1,537			1,538			1,539			1,539			6,153
Total interest expense	12,924			14,439			12,269			9,896			49,528
Net interest income	75,614			70,479			68,520			68,932			283,545
Provision for loan and lease losses	(205		)	2,953			467			367			3,582
Net interest income after provision for loan and lease losses	75,819			67,526			68,053			68,565			279,963

Noninterest income
Service charges on deposit accounts	5,190			5,169			4,772			4,644			19,775
Trust and wealth management fees	3,597			3,324			3,405			3,747			14,073
Bankcard income	3,390			3,272			3,501			3,135			13,298
Client derivative fees	2,047			1,779			1,489			1,103			6,418
Net gains from sales of loans	1,171			1,455			1,327			1,216			5,169
Net gains on sale of investment securities	19			276			838			516			1,649
Other	2,968			7,667			2,122			3,003			15,760
Total noninterest income	18,382			22,942			17,454			17,364			76,142

Noninterest expenses
Salaries and employee benefits	35,439			33,827			31,544			31,750			132,560
Net occupancy	4,252			4,328			4,302			4,515			17,397
Furniture and equipment	1,969			2,161			2,136			2,177			8,443
Data processing	3,768			3,455			3,501			3,298			14,022
Marketing	1,060			649			982			510			3,201
Communication	474			430			468			447			1,819
Professional services	9,766			2,030			1,469			1,758			15,023
State intangible tax	492			721			721			721			2,655
FDIC assessments	943			1,051			1,018			932			3,944
Loss (gain) - other real estate owned	219			237			162			24			642
Other	24,516			5,554			5,253			4,913			40,236
Total noninterest expenses	82,898			54,443			51,556			51,045			239,942
Income before income taxes	11,303			36,025			33,951			34,884			116,163
Income tax expense (benefit)	(13,508		)	11,199			11,215			10,470			19,376
Net income	$	24,811		$	24,826		$	22,736		$	24,414		$	96,787

ADDITIONAL DATA
Net earnings per share - basic	$	0.40		$	0.40		$	0.37		$	0.40		$	1.57
Net earnings per share - diluted	$	0.40		$	0.40		$	0.37		$	0.39		$	1.56
Dividends declared per share	$	0.17		$	0.17		$	0.17		$	0.17		$	0.68

Return on average assets	1.13		%	1.13		%	1.06		%	1.18		%	1.12		%
Return on average shareholders' equity	10.70		%	10.85		%	10.25		%	11.36		%	10.78		%

Interest income	$	88,538		$	84,918		$	80,789		$	78,828		$	333,073
Tax equivalent adjustment	1,387			1,353			1,294			1,225			5,259
Interest income - tax equivalent	89,925			86,271			82,083			80,053			338,332
Interest expense	12,924			14,439			12,269			9,896			49,528
Net interest income - tax equivalent	$	77,001		$	71,832		$	69,814		$	70,157		$	288,804

Net interest margin	3.75		%	3.50		%	3.50		%	3.63		%	3.59		%
Net interest margin (fully tax equivalent)⁽¹⁾	3.82		%	3.57		%	3.56		%	3.70		%	3.66		%

Full-time equivalent employees	1,304			1,363			1,429			1,424

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate for 2018 and a 35% tax rate for 2017. Management believes that it is a standard practice in the banking industry to present 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.



FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			% Change		% Change
	2018			2018			2017			2017			2017			Linked Qtr.		Comparable Qtr.
ASSETS
Cash and due from banks	$	216,667		$	116,581		$	150,650		$	117,840		$	117,478		85.9	%	84.4	%
Interest-bearing deposits with other banks	37,915			10,200			33,974			34,787			29,839			271.7	%	27.1	%
Investment securities available-for-sale	2,654,909			1,359,381			1,349,408			1,286,770			1,298,578			95.3	%	104.4	%
Investment securities held-to-maturity	443,957			633,722			654,008			669,816			696,269			(29.9	)%	(36.2	)%
Other investments	95,004			53,070			53,140			53,198			53,285			79.0	%	78.3	%
Loans held for sale	15,821			8,048			11,502			16,466			11,939			96.6	%	32.5	%
Loans and leases
Commercial and industrial	2,440,596			1,943,741			1,912,743			1,886,093			1,824,589			25.6	%	33.8	%
Lease financing	96,198			81,617			89,347			86,014			88,152			17.9	%	9.1	%
Construction real estate	555,468			494,665			467,730			420,941			443,112			12.3	%	25.4	%
Commercial real estate	3,888,993			2,544,051			2,490,091			2,523,387			2,471,655			52.9	%	57.3	%
Residential real estate	918,904			468,584			471,391			477,964			490,398			96.1	%	87.4	%
Home equity	835,031			483,643			493,604			494,342			464,066			72.7	%	79.9	%
Installment	100,726			39,248			41,586			43,650			47,654			156.6	%	111.4	%
Credit card	48,665			46,472			46,691			44,646			44,139			4.7	%	10.3	%
Total loans	8,884,581			6,102,021			6,013,183			5,977,037			5,873,765			45.6	%	51.3	%
Less:
Allowance for loan and lease losses	54,076			54,380			54,021			54,534			54,873			(0.6	)%	(1.5	)%
Net loans	8,830,505			6,047,641			5,959,162			5,922,503			5,818,892			46.0	%	51.8	%
Premises and equipment	223,950			127,046			125,036			126,790			128,956			76.3	%	73.7	%
Goodwill and other intangibles	918,618			209,053			209,379			209,730			210,045			339.4	%	337.3	%
Accrued interest and other assets	466,783			333,687			350,664			323,789			344,761			39.9	%	35.4	%
Total Assets	$	13,904,129		$	8,898,429		$	8,896,923		$	8,761,689		$	8,710,042		56.3	%	59.6	%

LIABILITIES
Deposits
Interest-bearing demand	$	2,440,088		$	1,442,399		$	1,453,463		$	1,518,011		$	1,496,173		69.2	%	63.1	%
Savings	3,087,683			2,450,196			2,462,420			2,434,086			2,398,262			26.0	%	28.7	%
Time	2,104,044			1,545,273			1,317,105			1,188,597			1,097,911			36.2	%	91.6	%
Total interest-bearing deposits	7,631,815			5,437,868			5,232,988			5,140,694			4,992,346			40.3	%	52.9	%
Noninterest-bearing	2,471,932			1,572,636			1,662,058			1,585,396			1,476,563			57.2	%	67.4	%
Total deposits	10,103,747			7,010,504			6,895,046			6,726,090			6,468,909			44.1	%	56.2	%
Federal funds purchased and securities sold
under agreements to repurchase	88,070			56,732			72,265			45,532			130,633			55.2	%	(32.6	)%
FHLB short-term borrowings	1,100,233			601,600			742,300			818,200			957,700			82.9	%	14.9	%
Total short-term borrowings	1,188,303			658,332			814,565			863,732			1,088,333			80.5	%	9.2	%
Long-term debt	469,423			169,695			119,654			119,615			119,669			176.6	%	292.3	%
Total borrowed funds	1,657,726			828,027			934,219			983,347			1,208,002			100.2	%	37.2	%
Accrued interest and other liabilities	145,757			119,913			136,994			137,298			135,014			21.6	%	8.0	%
Total Liabilities	11,907,230			7,958,444			7,966,259			7,846,735			7,811,925			49.6	%	52.4	%

SHAREHOLDERS' EQUITY
Common stock	1,616,534			571,457			573,109			571,750			569,302			182.9	%	184.0	%
Retained earnings	533,319			515,498			491,847			477,588			463,250			3.5	%	15.1	%
Accumulated other comprehensive loss	(43,008		)	(34,683		)	(20,390		)	(20,379		)	(22,222		)	24.0	%	93.5	%
Treasury stock, at cost	(109,946		)	(112,287		)	(113,902		)	(114,005		)	(112,213		)	(2.1	)%	(2.0	)%
Total Shareholders' Equity	1,996,899			939,985			930,664			914,954			898,117			112.4	%	122.3	%
Total Liabilities and Shareholders' Equity	$	13,904,129		$	8,898,429		$	8,896,923		$	8,761,689		$	8,710,042		56.3	%	59.6	%



FIRST FINANCIAL BANCORP.
AVERAGE CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	Quarterly Averages															Year-to-Date Averages
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			June 30,
	2018			2018			2017			2017			2017			2018			2017
ASSETS
Cash and due from banks	$	224,824		$	116,095		$	121,792		$	111,984		$	116,123		$	170,760		$	115,922
Federal funds sold	786			0			0			0			0			395			0
Interest-bearing deposits with other banks	28,475			27,073			25,357			37,199			20,293			27,778			30,582
Investment securities	3,157,339			2,042,781			2,020,040			2,041,785			2,035,334			2,603,139			1,971,372
Loans held for sale	14,462			9,171			12,572			12,705			9,243			11,831			8,687
Loans and leases
Commercial and industrial	3,376,922			1,897,726			1,857,546			1,843,677			1,778,523			2,641,410			1,780,664
Lease financing	90,896			86,755			84,635			85,649			86,880			88,837			88,207
Construction real estate	537,671			483,930			449,195			408,373			447,716			510,949			430,970
Commercial real estate	3,045,458			2,495,604			2,487,149			2,497,170			2,418,355			2,772,050			2,404,258
Residential real estate	901,803			468,855			477,454			489,508			490,709			686,525			494,042
Home equity	771,352			487,073			494,804			473,988			462,431			629,998			461,133
Installment	146,640			40,409			42,283			45,911			51,275			93,818			51,000
Credit card	48,196			46,969			46,652			45,072			44,478			47,586			44,247
Total loans	8,918,938			6,007,321			5,939,718			5,889,348			5,780,367			7,471,173			5,754,521
Less:
Allowance for loan and lease losses	55,318			55,016			55,279			55,326			57,379			55,168			57,917
Net loans	8,863,620			5,952,305			5,884,439			5,834,022			5,722,988			7,416,005			5,696,604
Premises and equipment	230,475			126,016			126,310			128,539			131,654			178,534			132,017
Goodwill and other intangibles	921,419			209,244			209,571			209,933			210,215			567,299			210,363
Accrued interest and other assets	498,922			347,491			331,875			340,750			337,111			423,625			330,949
Total Assets	$	13,940,322		$	8,830,176		$	8,731,956		$	8,716,917		$	8,582,961		$	11,399,366		$	8,496,496

LIABILITIES
Deposits
Interest-bearing demand	$	2,573,150		$	1,415,603		$	1,502,245		$	1,494,367		$	1,483,186		$	1,997,574		$	1,483,803
Savings	3,196,059			2,450,697			2,518,771			2,494,592			2,408,950			2,825,437			2,317,338
Time	2,192,196			1,466,440			1,181,396			1,181,406			1,164,087			1,831,323			1,198,667
Total interest-bearing deposits	7,961,405			5,332,740			5,202,412			5,170,365			5,056,223			6,654,334			4,999,808
Noninterest-bearing	2,421,230			1,570,572			1,637,228			1,510,032			1,513,995			1,998,251			1,506,587
Total deposits	10,382,635			6,903,312			6,839,640			6,680,397			6,570,218			8,652,585			6,506,395
Federal funds purchased and securities sold
under agreements to repurchase	97,708			72,865			57,131			71,315			62,893			85,355			75,401
FHLB short-term borrowings	818,909			667,641			660,859			808,842			812,588			743,693			786,774
Total short-term borrowings	916,617			740,506			717,990			880,157			875,481			829,048			862,175
Long-term debt	491,407			126,342			124,221			119,661			119,651			309,883			119,628
Total borrowed funds	1,408,024			866,848			842,211			999,818			995,132			1,138,931			981,803
Accrued interest and other liabilities	165,608			130,542			129,911			128,645			128,007			148,172			127,838
Total Liabilities	11,956,267			7,900,702			7,811,762			7,808,860			7,693,357			9,939,688			7,616,036

SHAREHOLDERS' EQUITY
Common stock	1,616,531			572,915			572,392			570,216			568,654			1,097,606			569,352
Retained earnings	517,548			503,140			483,554			470,591			456,648			510,384			449,416
Accumulated other comprehensive loss	(39,117		)	(33,285		)	(21,740		)	(19,940		)	(23,414		)	(36,217		)	(25,480		)
Treasury stock, at cost	(110,907		)	(113,296		)	(114,012		)	(112,810		)	(112,284		)	(112,095		)	(112,828		)
Total Shareholders' Equity	1,984,055			929,474			920,194			908,057			889,604			1,459,678			880,460
Total Liabilities and Shareholders' Equity	$	13,940,322		$	8,830,176		$	8,731,956		$	8,716,917		$	8,582,961		$	11,399,366		$	8,496,496



FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS
(Dollars in thousands)
(Unaudited)

	Quarterly Averages															Year-to-Date Averages
	June 30, 2018					March 31, 2018					June 30, 2017					June 30, 2018					June 30, 2017
	Balance			Yield		Balance			Yield		Balance			Yield		Balance			Yield		Balance			Yield
Earning assets
Investments:
Investment securities	$	3,157,339		3.16	%	$	2,042,781		3.04	%	$	2,035,334		2.77	%	$	2,603,139		3.12	%	$	1,971,372		2.76	%
Interest-bearing deposits with other banks	29,261			2.43	%	27,073			1.60	%	20,293			1.11	%	28,173			2.03	%	30,582			0.90	%
Gross loans ⁽¹⁾	8,933,400			5.49	%	6,017,994			5.05	%	5,799,937			4.61	%	7,483,751			5.31	%	5,774,128			4.63	%
Total earning assets	12,120,000			4.88	%	8,087,848			4.53	%	7,855,564			4.13	%	10,115,063			4.74	%	7,776,082			4.14	%

Nonearning assets
Allowance for loan and lease losses	(55,318		)			(55,016		)			(57,379		)			(55,168		)			(57,917		)
Cash and due from banks	224,824					116,095					116,123					170,760					115,922
Accrued interest and other assets	1,650,816					681,249					668,653					1,168,711					662,409
Total assets	$	13,940,322				$	8,830,176				$	8,582,961				$	11,399,366				$	8,496,496

Interest-bearing liabilities
Deposits:
Interest-bearing demand	$	2,573,150		0.36	%	$	1,415,603		0.37	%	$	1,483,186		0.27	%	$	1,997,574		0.37	%	$	1,483,803		0.23	%
Savings	3,196,059			0.54	%	2,450,697			0.64	%	2,408,950			0.69	%	2,825,437			0.58	%	2,317,338			0.59	%
Time	2,192,196			1.50	%	1,466,440			1.41	%	1,164,087			1.23	%	1,831,323			1.47	%	1,198,667			1.20	%
Total interest-bearing deposits	7,961,405			0.75	%	5,332,740			0.78	%	5,056,223			0.69	%	6,654,334			0.76	%	4,999,808			0.63	%
Borrowed funds
Short-term borrowings	916,617			1.81	%	740,506			1.46	%	875,481			0.94	%	829,048			1.65	%	862,175			0.81	%
Long-term debt	491,407			3.65	%	126,342			5.07	%	119,651			5.16	%	309,883			3.94	%	119,628			5.19	%
Total borrowed funds	1,408,024			2.45	%	866,848			1.99	%	995,132			1.45	%	1,138,931			2.28	%	981,803			1.35	%
Total interest-bearing liabilities	9,369,429			1.00	%	6,199,588			0.95	%	6,051,355			0.81	%	7,793,265			0.98	%	5,981,611			0.75	%

Noninterest-bearing liabilities
Noninterest-bearing demand deposits	2,421,230					1,570,572					1,513,995					1,998,251					1,506,587
Other liabilities	165,608					130,542					128,007					148,172					127,838
Shareholders' equity	1,984,055					929,474					889,604					1,459,678					880,460
Total liabilities & shareholders' equity	$	13,940,322				$	8,830,176				$	8,582,961				$	11,399,366				$	8,496,496

Net interest income	$	123,979				$	75,812				$	68,520				$	199,791				$	137,452
Net interest spread				3.88	%				3.58	%				3.32	%				3.76	%				3.39	%
Net interest margin				4.10	%				3.80	%				3.50	%				3.98	%				3.56	%

Tax equivalent adjustment				0.05	%				0.04	%				0.06	%				0.05	%				0.07	%
Net interest margin (fully tax equivalent)				4.15	%				3.84	%				3.56	%				4.03	%				3.63	%


⁽¹⁾ Loans held for sale, nonaccrual loans, covered loans, and indemnification asset are included in gross loans.



FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS ⁽¹⁾
(Dollars in thousands)
(Unaudited)


	Linked Qtr. Income Variance							Comparable Qtr. Income Variance							Year-to-Date Income Variance
	Rate			Volume		Total		Rate			Volume		Total		Rate			Volume			Total
Earning assets
Investment securities	$	614		$	8,971	$	9,585	$	2,004		$	8,853	$	10,857	$	3,457		$	9,766		$	13,223
Interest-bearing deposits with other banks	55			15		70		67			54		121		171			(24		)	147
Gross loans ⁽²⁾	6,555			40,815		47,370		12,718			42,894		55,612		19,694			45,052			64,746
Total earning assets	7,224			49,801		57,025		14,789			51,801		66,590		23,322			54,794			78,116

Interest-bearing liabilities
Total interest-bearing deposits	$	(498	)	$	4,994	$	4,496	$	717		$	5,398	$	6,115	$	3,249		$	6,239		$	9,488
Borrowed funds
Short-term borrowings	638			831		1,469		1,896			185		2,081		3,584			(272		)	3,312
Long-term debt	(443		)	3,336		2,893		(450		)	3,385		2,935		(741		)	3,718			2,977
Total borrowed funds	195			4,167		4,362		1,446			3,570		5,016		2,843			3,446			6,289
Total interest-bearing liabilities	(303		)	9,161		8,858		2,163			8,968		11,131		6,092			9,685			15,777
Net interest income ⁽¹⁾	$	7,527		$	40,640	$	48,167	$	12,626		$	42,833	$	55,459	$	17,230		$	45,109		$	62,339


⁽¹⁾ Not tax equivalent.
⁽²⁾ Loans held for sale, nonaccrual loans, covered loans, and indemnification asset are included in gross loans.



FIRST FINANCIAL BANCORP.
CREDIT QUALITY
(Dollars in thousands)
(Unaudited)

																Six months ended,
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,			Jun. 30,
	2018			2018			2017			2017			2017			2018			2017
ALLOWANCE FOR LOAN AND LEASE LOSS ACTIVITY
Balance at beginning of period	$	54,380		$	54,021		$	54,534		$	54,873		$	56,326		$	54,021		$	57,961
Provision for loan and lease losses	3,735			2,303			(205		)	2,953			467			6,038			834
Gross charge-offs
Commercial and industrial	4,356			885			1,264			4,122			3,065			5,241			4,808
Construction real estate	0			0			1			0			0			0			0
Commercial real estate	78			2,176			10			58			485			2,254			970
Residential real estate	101			96			128			23			223			197			284
Home equity	385			242			278			71			384			627			564
Installment	218			16			26			24			126			234			175
Credit card	684			254			209			201			215			938			447
Total gross charge-offs	5,822			3,669			1,916			4,499			4,498			9,491			7,248
Recoveries
Commercial and industrial	518			436			370			325			693			954			955
Lease financing	1			0			0			0			1			1			1
Construction real estate	0			0			0			0			89			0			89
Commercial real estate	887			752			480			585			1,398			1,639			1,654
Residential real estate	70			26			77			70			59			96			68
Home equity	187			429			589			110			222			616			328
Installment	82			48			46			74			43			130			114
Credit card	38			34			46			43			73			72			117
Total recoveries	1,783			1,725			1,608			1,207			2,578			3,508			3,326
Total net charge-offs	4,039			1,944			308			3,292			1,920			5,983			3,922
Ending allowance for loan and lease losses	$	54,076		$	54,380		$	54,021		$	54,534		$	54,873		$	54,076		$	54,873

NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)
Commercial and industrial	0.46		%	0.10		%	0.19		%	0.82		%	0.53		%	0.33		%	0.44		%
Lease financing	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%
Construction real estate	0.00		%	0.00		%	0.00		%	0.00		%	(0.08		)%	0.00		%	(0.04		)%
Commercial real estate	(0.11		)%	0.23		%	(0.07		)%	(0.08		)%	(0.15		)%	0.04		%	(0.06		)%
Residential real estate	0.01		%	0.06		%	0.04		%	(0.04		)%	0.13		%	0.03		%	0.09		%
Home equity	0.10		%	(0.16		)%	(0.25		)%	(0.03		)%	0.14		%	0.00		%	0.10		%
Installment	0.37		%	(0.32		)%	(0.19		)%	(0.43		)%	0.65		%	0.22		%	0.24		%
Credit card	5.38		%	1.90		%	1.39		%	1.39		%	1.28		%	3.67		%	1.50		%
Total net charge-offs	0.18		%	0.13		%	0.02		%	0.22		%	0.13		%	0.16		%	0.14		%

COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS
Nonaccrual loans ⁽¹⁾
Commercial and industrial	$	3,448		$	6,275		$	5,229		$	9,026		$	15,099		$	3,448		$	15,099
Lease financing	0			0			82			87			94			0			94
Construction real estate	24			26			29			824			1,075			24			1,075
Commercial real estate	21,593			16,878			10,616			12,244			12,617			21,593			12,617
Residential real estate	9,278			3,324			4,140			4,333			4,442			9,278			4,442
Home equity	5,820			3,484			3,743			3,364			2,937			5,820			2,937
Installment	299			296			243			240			307			299			307
Nonaccrual loans	40,462			30,283			24,082			30,118			36,571			40,462			36,571
Accruing troubled debt restructurings (TDRs)	21,839			14,943			17,545			19,692			20,135			21,839			20,135
Total nonperforming loans	62,301			45,226			41,627			49,810			56,706			62,301			56,706
Other real estate owned (OREO)	1,853			1,065			2,781			3,116			5,961			1,853			5,961
Total nonperforming assets	64,154			46,291			44,408			52,926			62,667			64,154			62,667
Accruing loans past due 90 days or more	311			529			61			84			124			311			124
Total underperforming assets	$	64,465		$	46,820		$	44,469		$	53,010		$	62,791		$	64,465		$	62,791
Total classified assets	$	139,300		$	87,577		$	87,293		$	94,320		$	98,391		$	139,300		$	98,391

CREDIT QUALITY RATIOS
Allowance for loan and lease losses to
Nonaccrual loans	133.65		%	179.57		%	224.32		%	181.07		%	150.05		%	133.65		%	150.05		%
Nonperforming loans	86.80		%	120.24		%	129.77		%	109.48		%	96.77		%	86.80		%	96.77		%
Total ending loans	0.61		%	0.89		%	0.90		%	0.91		%	0.93		%	0.61		%	0.93		%
Allowance to total loans	0.61		%	0.89		%	0.90		%	0.91		%	0.93		%	0.61		%	0.93		%
Nonperforming loans to total loans	0.70		%	0.74		%	0.69		%	0.83		%	0.97		%	0.70		%	0.97		%
Nonperforming assets to
Ending loans, plus OREO	0.72		%	0.76		%	0.74		%	0.89		%	1.07		%	0.72		%	1.07		%
Total assets	0.46		%	0.52		%	0.50		%	0.60		%	0.72		%	0.46		%	0.72		%
Nonperforming assets, excluding accruing TDRs to
Ending loans, plus OREO	0.48		%	0.51		%	0.45		%	0.56		%	0.72		%	0.48		%	0.72		%
Total assets	0.30		%	0.35		%	0.30		%	0.38		%	0.49		%	0.30		%	0.49		%
Classified assets to total assets	1.00		%	0.98		%	0.98		%	1.08		%	1.13		%	1.00		%	1.13		%

(1) Nonaccrual loans include nonaccrual TDRs of $5.9 million, $6.0 million, $6.4 million, $9.1 million, and $9.4 million, as of June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017, and June 30, 2017, respectively.



FIRST FINANCIAL BANCORP.
CAPITAL ADEQUACY
(Dollars in thousands, except per share data)
(Unaudited)
																Six months ended,
	June. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,			Jun. 30,
	2018			2018			2017			2017			2017			2018			2017
PER COMMON SHARE
Market Price
High	$	33.55		$	29.35		$	29.15		$	28.50		$	28.95		$	33.55		$	28.95
Low	$	28.10		$	26.40		$	25.30		$	23.10		$	25.05		$	26.40		$	25.05
Close	$	30.65		$	29.35		$	26.35		$	26.15		$	27.70		$	30.65		$	27.70

Average shares outstanding - basic	97,347,533			61,654,686			61,595,629			61,577,619			61,543,478			79,599,709			61,471,347
Average shares outstanding - diluted	98,432,072			62,180,744			62,131,840			62,189,637			62,234,022			80,629,495			62,187,473
Ending shares outstanding	97,904,897			62,213,823			62,069,087			62,061,465			62,141,071			97,904,897			62,141,071

Total shareholders' equity	$	1,996,899		$	939,985		$	930,664		$	914,954		$	898,117		$	1,996,899		$	898,117

REGULATORY CAPITAL	Preliminary															Preliminary
Common equity tier 1 capital	$	1,142,718		$	779,491		$	755,735		$	746,730		$	731,024		$	1,142,718		$	731,024
Common equity tier 1 capital ratio	11.15		%	10.77		%	10.63		%	10.53		%	10.54		%	11.15		%	10.54		%
Tier 1 capital	$	1,184,471		$	779,595		$	755,839		$	746,834		$	731,128		$	1,184,471		$	731,128
Tier 1 ratio	11.55		%	10.77		%	10.63		%	10.53		%	10.54		%	11.55		%	10.54		%
Total capital	$	1,369,231		$	953,243		$	929,148		$	920,642		$	905,222		$	1,369,231		$	905,222
Total capital ratio	13.36		%	13.17		%	13.07		%	12.98		%	13.05		%	13.36		%	13.05		%
Total capital in excess of minimum
requirement	$	356,930		$	238,221		$	271,600		$	264,751		$	263,580		$	356,930		$	263,580
Total risk-weighted assets	$	10,251,147		$	7,240,731		$	7,108,629		$	7,090,714		$	6,936,665		$	10,251,147		$	6,936,665
Leverage ratio	9.05		%	9.00		%	8.84		%	8.74		%	8.69		%	9.05		%	8.69		%

OTHER CAPITAL RATIOS
Ending shareholders' equity to ending assets	14.36		%	10.56		%	10.46		%	10.44		%	10.31		%	14.36		%	10.31		%
Ending tangible shareholders' equity to ending tangible assets	8.30		%	8.41		%	8.30		%	8.25		%	8.09		%	8.30		%	8.09		%
Average shareholders' equity to average assets	14.23		%	10.53		%	10.54		%	10.42		%	10.36		%	12.80		%	10.36		%
Average tangible shareholders' equity to average tangible assets	8.18		%	8.36		%	8.34		%	8.21		%	8.12		%	5.16		%	8.09		%

Exhibit 99.2 Earnings Presentation Second Quarter 2018

Forward Looking Statement Disclosure Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. 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. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these 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 costs or difficulties related to the integration of acquired companies; (v) the possibility that any of the anticipated benefits of the Company’s recent merger with MainSource Financial Group, Inc. will not be realized or will not be realized within the expected time period; (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 Form 10-K for the year ended December 31, 2017, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement. . 2

2Q 2018 Highlights 111th Consecutive Quarter of Profitability . Net income = $36.4 million or $0.37 per diluted share. Adjusted net income = $55.6 million or $0.57 per diluted share1,2 1 Profitability . Return on average assets = 1.05%. Adjusted return on average assets = 1.60% . Return on average shareholders’ equity = 7.36%. Adjusted return on average shareholders’ equity = 11.25%1 . Return on average tangible common equity = 13.71%1. Adjusted return on average tangible common equity = 20.94%1 . Net interest income = $124.0 million. . Net interest margin of 4.10% on a GAAP basis; 4.15% on a fully tax equivalent basis1. . Noninterest income = $28.3 million. Income Statement . Noninterest expense = $102.8 million; $78.8 million1 as adjusted for merger related items. . Efficiency ratio = 67.50%. Adjusted efficiency ratio = 51.66%1 . Effective tax rate of 20.4%. Adjusted effective tax rate of 20.6%1 . Total assets = $13.9 billion; $4.4 billion acquired in MSFG merger, net of branch divestiture . EOP loans = $8.9 billion; $2.9 billion acquired in MSFG merger, net of branch divestiture Balance Sheet . EOP deposits = $10.1 billion; $3.3 billion acquired in MSFG merger, net of branch divestiture . EOP investment securities = $3.2 billion; $1.1 billion acquired in MSFG merger . Provision expense = $3.7 million. Net charge offs = $4.0 million. NCOs / Avg. Loans = 0.18% annualized. Asset Quality . Nonperforming Loans / Total Loans = 0.70%. Nonperforming Assets / Total Assets = 0.46%. . ALLL / Nonaccrual Loans = 133.65 %. ALLL / Total Loans = 0.61%. Classified Assets / Total Assets = 1.00%. . Credit mark of $33.1 million on acquired MainSource loans. . Total capital ratio = 13.36%. Capital . Tier 1 common equity ratio = 11.15%. . Tangible common equity ratio = 8.30%. . Tangible book value per share = $11.01. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. 2 See Slide 4 for Adjusted Earnings detail. 3

Adjusted Net Income 1 The table below lists certain adjustments that we believe are significant to understanding our quarterly performance. 2Q 2018 1Q 2018 As Reported Adjusted As Reported Adjusted Net interest income $ 123,979 $ 123,979 $ 75,812 $ 75,812 Provision for loan and lease losses $ 3,735 $ 3,735 $ 2,303 $ 2,303 Noninterest income $ 28,256 $ 28,256 $ 16,938 $ 16,938 plus: bankcard interchange 341 A plus: losses on sale of investment securities 30 A Total noninterest income $ 28,256 $ 28,627 $ 16,938 $ 16,938 Noninterest expense $ 102,755 $ 102,755 $ 52,288 $ 52,288 less: merger-related expenses 19,397 A 1,985 A less: severance expenses 4,546 A less: final loss share settlement 527 A less: other (113) A Total noninterest expense $ 102,755 $ 78,812 $ 52,288 $ 49,889 Income before income taxes $ 45,745 $ 70,059 $ 38,159 $ 40,558 Income tax expense $ 9,327 $ 9,327 $ 7,653 $ 7,653 plus: tax effect of adjustments (A) @ 21% statutory rate - 5,106 - 504 Total income tax expense $ 9,327 $ 14,433 $ 7,653 $ 8,157 Net income $ 36,418 $ 55,626 $ 30,506 $ 32,401 Net earnings per share - diluted $ 0.37 $ 0.57 $ 0.49 $ 0.52 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands, except per share amounts 4

Profitability Diluted EPS Return on Average Assets $0.57 1.60% $0.52 1.49% $0.45 1.26% 1.11% $0.39 1.06% $0.36 $0.49 1.40% 1.13% 1.13% $0.37 $0.40 $0.40 $0.37 1.06% 1.05% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 1 1 DilutedEPS Adjusted EPS ROA Adjusted ROA Return on Tangible Common Equity Efficiency Ratio 20.94% 18.24% 88.19% 67.50% 15.46% 59.97% 58.28% 56.38% 13.41% 13.85% 17.2% 59.67% 57.02% 57.99% 53.79% 51.66% 13.4% 14.1% 13.9% 13.7% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 1 ROATCE Adjusted ROATCE 1 Adjusted Efficiency Ratio 1 Efficiency Ratio 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. 5

Net Interest Margin Net Interest Margin (FTE) 2Q18 NIM (FTE) Progression 4.15% 1Q18 3.84% 0.29% 3.82% 3.84% Merger-related impact -0.04% 0.15% 0.15% 0.24% 3.56% 3.57% Purchase accounting 0.29% 0.15% 0.14% Security yields 0.03% 3.69% 3.71% Loan yields 0.12% 3.58% 3.41% 3.43% Deposit costs -0.06% Shift in funding mix -0.03% 2Q17 3Q17 4Q17 1Q18 2Q18 Basic Margin (FTE) Loan Fees Purchase accounting 2Q18 4.15% 6

Average Balance Sheet Average Loans1 Average Deposits 5.50% 0.61% 0.60% 0.53% 0.54% 0.57% 5.02% 5.06% 4.75% 4.79% $8,919 $10,383 21% 21% $5,780 $5,889 $5,940 $6,007 6% $6,570 $6,680 $6,840 $6,903 18% 17% 25% 31% 18% 18% 18% 17% 21% 8% 7% 8% 8% 18% 30% 30% 30% 29% 37% 37% 37% 36% 48% 25% 45% 45% 45% 44% 23% 22% 22% 21% 23% 23% 23% 24% 23% 2Q17 3Q17 4Q17 1Q18 2Q18 Consumer Lending Construction 2Q17 3Q17 4Q17 1Q18 2Q18 Investor CRE C & I and Owner Occupied CRE Avg NIB Demand Avg IB Demand Avg Savings Yield Avg Time Cost of Deposits Average Securities 3.04% 3.16% 2.90% 2.77% 2.85% $3,157 $2,035 $2,042 $2,020 $2,043 2Q17 3Q17 4Q17 1Q18 2Q18 Average Investment Securities Investment Securities Yield 1 Includes impact of purchase accounting; Gross loans include loans held for sale & FDIC indemnification asset All dollars shown in millions 7

Loan and Deposit Progressions 2Q18 EOP Loan Progression 2Q18 Average Deposit Progression First Financial as of March 31 $ 6,102,021 First Financial as of March 31 $ 6,903,312 MainSource as of March 31 3,012,330 MainSource as of March 31 3,462,051 Total as of March 31 9,114,351 Total as of March 31 10,365,363 Purchase valuation adjustments (89,619) Purchase valuation adjustments (1,801) Branch divestiture (119,887) Branch divestiture (86,335) Growth/(decline) (20,264) Growth/(decline) 105,408 Balance as of June 30 $ 8,884,581 Balance as of June 30 $ 10,382,635 All dollars shown in thousands 8

Noninterest Income and Noninterest Expense Noninterest Income Noninterest Expense 1 2Q18 2Q18 Total $5,869 $20,991 $28.3 million Total 21% 20% $9,568 $102.8 million 34% $2,316 $14,304 $55,531 8% 14% 54% $1,463 $11,929 5% 12% $3,697 $5,343 13% 19% Salaries and benefits Occupancy and equipment Service Charges Wealth Mgmt Data processing Other Bankcard Client derivatives Gains from sales of loans Other 1 Includes $23.9 million of merger-related expenses Combined FTE 2,408 2,293 2,205 2,152 2,118 979 930 901 863 1,429 1,363 1,304 1,289 2Q17 3Q17 4Q17 1Q18 2Q18 FTE-FFBC FTE-MSFG All dollars shown in thousands 9

Asset Quality Classified Assets / Total Assets Nonperforming Assets / Total Assets 1.13% 1.08% 0.98% 0.98% 1.00% 0.72% 0.60% 0.50% 0.52% 0.46% $139.3 $62.7 $64.2 $52.9 $46.3 $98.4 $94.3 $44.4 $87.3 $87.6 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Classified Assets Classified Assets / Total Assets NPAs NPAs / Total Assets Allowance / Total Loans Net Charge Offs & Provision Expense 0.22% 0.18% 0.13% 0.13% 0.93% 0.91% 0.90% 0.89% 0.02% $4.0 0.61% 1 $3.7 $3.3 $3.0 $54.9 $54.5 $54.0 $54.4 $54.1 $1.9 $1.9 $2.3 $0.5 $0.3 -$0.2 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Allowance for Loan Losses ALLL / Total Loans NCOs Provision Expense NCOs / Average Loans 1 2Q18 decline in ratio is consistent with GAAP for acquired loans All dollars shown in millions 10

Capital Tangible Book Value Per Share Total Capital Ratio 13.36% 13.05% 13.07% 13.17% $11.62 $11.75 12.50% 12.98% $11.07 $11.36 $11.01 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Tangible Book Value per Share Total Capital Ratio Target Tier 1 Common Equity Ratio Tangible Common Equity Ratio 10.50% 11.15% 10.54% 10.53% 10.63% 10.77% 7.50% 8.09% 8.25% 8.30% 8.41% 8.30% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Tier 1 Common Equity Ratio Target Tangible Common Equity Ratio Target All capital numbers are considered preliminary 11

Outlook1 . Annualized loan growth expected to be in the low to mid-single digits on a percentage basis Balance Sheet for the remainder of 2018 . Projected to be 3.95% - 4.05% on a GAAP basis based on static interest rates . Includes estimated purchase accounting adjustments of 23 basis points Net Interest Margin . Lower projected loan fees and shift in mix to higher cost funding . Modestly asset sensitive balance sheet, although benefits from future rate increases could be muted by market competition on deposit pricing Credit . Stable credit outlook; no systemic credit issues are anticipated . Estimated to be $28 - $30 million on a quarterly basis Noninterest income2 . Mortgage headwinds anticipated due to market conditions . Quarterly noninterest expense of $76 - $78 million anticipated for 3Q18; $75 - $77 million Noninterest Expense2 anticipated by end of 2018 . Fully phased in efficiency ratio of 50 – 52% . Target dividend payout ratio of 35 – 40% Capital . All capital ratios expected to exceed current internal targets Taxes . Effective tax rate of approximately 19.5% 1 See Forward Looking Statement Disclosure on page 2 of this presentation for a discussion of factors that could affect management’s expectations and results in future periods 2 Management’s estimated outlook excludes merger-related activities 12

Appendix: Non-GAAP Measures The Company’s earnings release and accompanying presentation contain certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting provides meaningful information and therefore we use it to supplement our GAAP information. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments and to provide an additional measure of performance. We believe this information is helpful in understanding the results of operations separate and apart from items that may, or could, have a disproportional positive or negative impact in any given period. For a reconciliation of the differences between the non-GAAP financial measures and the most comparable GAAP measures, please refer to the following reconciliation tables. to GAAP Reconciliation 13

Appendix: Non-GAAP to GAAP Reconciliation Net interest income and net interest margin - fully tax equivalent Three months ended June 30, Mar. 31, Dec. 31, Sep. 30, June 30, 2018 2018 2017 2017 2017 Net interest income $ 123,979 $ 75,812 $ 75,614 $ 70,479 $ 68,520 Tax equivalent adjustment 1,420 718 1,387 1,353 1,294 Net interest income - tax equivalent $ 125,399 $ 76,530 $ 77,001 $ 71,832 $ 69,814 Average earning assets $ 12,120,000 $ 8,087,848 $ 8,005,100 $ 7,989,969 $ 7,855,564 Net interest margin* 4.10 % 3.80 % 3.75 % 3.50 % 3.50 % Net interest margin (fully tax equivalent)* 4.15 % 3.84 % 3.82 % 3.57 % 3.56 % * Margins are calculated using net interest income annualized divided by average earning assets. The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate for 2018 and a 35% tax rate for 2017. 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. All dollars shown in thousands 14

Appendix: Non-GAAP to GAAP Reconciliation Additional non-GAAP ratios Three months ended June 30, Mar. 31, Dec. 31, Sep. 30, June 30, (Dollars in thousands, except per share data) 2018 2018 2017 2017 2017 Net income (a) $ 36,418 $ 30,506 $ 24,811 $ 24,826 $ 22,736 Average total shareholders' equity 1,984,055 929,474 920,194 908,057 889,604 Less: Goodwill and other intangibles (918,618) (209,053) (209,379) (209,730) (210,045) Average tangible equity (b) 1,065,437 720,421 710,815 698,327 679,559 Total shareholders' equity 1,996,899 939,985 930,664 914,954 898,117 Less: Goodwill and other intangibles (918,618) (209,053) (209,379) (209,730) (210,045) Ending tangible equity (c) 1,078,281 730,932 721,285 705,224 688,072 Total assets 13,904,129 8,898,429 8,896,923 8,761,689 8,710,042 Less: Goodwill and other intangibles (918,618) (209,053) (209,379) (209,730) (210,045) Ending tangible assets (d) 12,985,511 8,689,376 8,687,544 8,551,959 8,499,997 Risk-weighted assets (e) 10,251,147 7,240,731 7,108,629 7,090,714 6,936,665 Total average assets 13,940,322 8,830,176 8,731,956 8,716,917 8,582,961 Less: Goodwill and other intangibles (918,618) (209,053) (209,379) (209,730) (210,045) Average tangible assets (f) $ 13,021,704 $ 8,621,123 $ 8,522,577 $ 8,507,187 $ 8,372,916 Ending shares outstanding (g) 97,904,897 62,213,823 62,069,087 62,061,465 62,141,071 Ratios Return on average tangible shareholders' equity (a)/(b) 13.71% 17.17% 13.85% 14.10% 13.42% Ending tangible equity as a percent of: Ending tangible assets (c)/(d) 8.30% 8.41% 8.30% 8.25% 8.09% Risk-weighted assets (c)/(e) 10.52% 10.09% 10.15% 9.95% 9.92% Average tangible equity as a percent of average tangible assets (b)/(f) 8.18% 8.36% 8.34% 8.21% 8.12% Tangible book value per share (c)/(g) $ 11.01 $ 11.75 $ 11.62 $ 11.36 $ 11.07 All dollars shown in thousands 15

Appendix: Non-GAAP to GAAP Reconciliation Additional non-GAAP measures 2Q18 1Q18 4Q17 3Q17 2Q17 (Dollars in thousands, except per share data) As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) $ 123,979 $ 123,979 $ 75,812 $ 75,812 $ 75,614 $ 75,614 $ 70,479 $ 70,479 $ 68,520 $ 68,520 Provision for loan and lease losses 3,735 3,735 2,303 2,303 (205) (205) 2,953 2,953 467 467 plus: provision expense adjustment 799 Noninterest income 28,256 28,256 16,938 16,938 18,382 18,382 22,942 22,942 17,454 17,454 less: gains from the redemption of off balance sheet securitizations 5,764 less: tax related adjustment to a limited partnership investment (119) plus: Bankcard interchange 341 plus: losses on sale of investment securities 30 (19) (275) (838) Total noninterest income (g) 28,256 28,627 16,938 16,938 18,382 18,363 22,942 16,903 17,454 16,735 Noninterest expense 102,755 102,755 52,288 52,288 82,898 82,898 54,443 54,443 51,556 51,556 less: severance expense 4,546 3,818 533 less: charter conversion expenses less: historic tax credit investment write-down 11,328 less: merger-related expenses 19,397 1,985 8,444 800 less: indemnification asset impairment 1 527 5,055 less: charitable foundation contribution 3,000 less: other (113) 577 154 Total noninterest expense (e) 102,755 78,812 52,288 49,889 82,898 54,494 54,443 49,825 51,556 50,869 Income before income taxes (i) 45,745 70,059 38,159 40,558 11,303 39,688 36,025 35,403 33,951 33,919 Income tax expense 9,327 9,327 7,653 7,653 (13,508) (13,508) 11,199 11,199 11,215 11,215 plus: tax effect of adjustments 5,106 504 9,935 (178) (11) plus: tax reform impact on DTLs & tax partnerships 8,191 plus: after-tax impact of historic tax credit write-down @ 35% - - 7,363 - Total income tax expense (h) 9,327 14,433 7,653 8,157 (13,508) 11,981 11,199 11,021 11,215 11,204 Net income (a) $ 36,418 $ 55,626 $ 30,506 $ 32,401 $ 24,811 $ 27,707 $ 24,826 $ 24,382 $ 22,736 $ 22,715 Average diluted shares (b) 98,432 98,432 62,181 62,181 62,132 62,132 62,190 62,190 62,234 62,234 Average assets (c) 13,940,322 13,940,322 8,830,176 8,830,176 8,731,956 8,731,956 8,716,917 8,716,917 8,582,961 8,582,961 Average shareholders' equity 1,984,055 1,984,055 929,474 929,474 920,194 920,194 908,057 908,057 889,604 889,604 Less: Goodwill and other intangibles (918,618) (918,618) (209,053) (209,053) (209,379) (209,379) (209,730) (209,730) (210,045) (210,045) Average tangible equity (d) 1,065,437 1,065,437 720,421 720,421 710,815 710,815 698,327 698,327 679,559 679,559 1 - Impairment charge related to preliminary agreement to terminate FDIC loss sharing agreements. Ratios Net earnings per share - diluted (a)/(b) $ 0.37 $ 0.57 $ 0.49 $ 0.52 $ 0.40 $ 0.45 $ 0.40 $ 0.39 $ 0.37 $ 0.37 Return on average assets - (a)/(c) 1.05% 1.60% 1.40% 1.49% 1.13% 1.26% 1.13% 1.11% 1.06% 1.06% Return on average tangible shareholders' equity - (a)/(d) 13.71% 20.94% 17.17% 18.24% 13.85% 15.46% 14.10% 13.85% 13.42% 13.41% Efficiency ratio - (e)/((f)+(g)) 67.5% 51.6% 56.4% 53.8% 88.2% 58.0% 58.3% 57.0% 60.0% 59.7% Effective tax rate - (h)/(i) 20.4% 20.6% 20.1% 20.1% -119.5% 30.2% 31.1% 31.1% 33.0% 33.0% 16

Update -New colors 17