FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Balance Sheets

	December 31,
(Dollars in thousands)	2018		2017
Assets
Cash	$	86,878	$	57,719
Investment securities, available for sale	694		442
Subordinated notes from subsidiaries	7,500		7,500
Investment in subsidiaries
Commercial banks	2,078,655		970,290
Nonbanks	7,194		0
Total investment in subsidiaries	2,085,849		970,290
Premises and equipment	1,361		1,378
Other assets	71,817		26,778
Total assets	$	2,254,099	$	1,064,107
Liabilities
Subordinated debentures	$	171,416	$	118,638
Dividends payable	465		10,965
Other liabilities	3,969		3,840
Total liabilities	175,850		133,443
Shareholders’ equity	2,078,249		930,664
Total liabilities and shareholders’ equity	$	2,254,099	$	1,064,107

Schedule of Condensed Income Statement

Statements of Incomeand Comprehensive Income

	Years Ended December 31,
(Dollars in thousands)	2018			2017			2016
Income
Interest income	$	23		$	6		$	48
Noninterest income	0			86			2,596
Dividends from subsidiaries	107,340			54,600			52,700
Total income	107,363			54,692			55,344
Expenses
Interest expense	8,798			6,152			6,151
Salaries and employee benefits	6,413			5,519			5,445
Miscellaneous professional services	5,130			970			711
Other	5,648			4,819			4,841
Total expenses	25,989			17,460			17,148
Income before income taxes and equity in undistributed net earnings of subsidiaries	81,374			37,232			38,196
Income tax expense (benefit)	(6,687		)	(7,080		)	(5,302		)
Equity in undistributed earnings (loss) of subsidiaries	84,534			52,475			45,028
Net income	$	172,595		$	96,787		$	88,526
Comprehensive income	$	153,670		$	104,840		$	90,663

Schedule of Condensed Cash Flow Statement

Statements of Cash Flows

	Years Ended December 31,
(Dollars in thousands)	2018			2017			2016
Operating activities
Net income	$	172,595		$	96,787		$	88,526
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed (earnings) loss of subsidiaries	(84,534		)	(52,475		)	(45,028		)
Depreciation and amortization	194			193			192
Stock-based compensation expense	6,219			5,446			5,354
Deferred income taxes	739			(360		)	584
(Decrease) increase in dividends payable	(10,500		)	579			135
Increase (decrease) in other liabilities	9,979			(889		)	(389		)
Decrease (increase) in other assets	16,346			(6,951		)	(9,065		)
Net cash provided by (used in) operating activities	111,038			42,330			40,309
Investing activities
Capital contributions to subsidiaries	(3,000		)	0			(53,000		)
Net cash acquired (paid) from business combinations	11,353			0			0
Proceeds from calls and maturities of investment securities	0			0			5,978
Purchases of investment securities	0			0			(333		)
Net cash (used in) provided by investing activities	8,353			0			(47,355		)
Financing activities
(Decrease) increase in short-term borrowings	(8,333		)	0			0
Cash dividends paid on common stock	(79,655		)	(41,178		)	(39,125		)
Proceeds from exercise of stock options, net of shares purchased	284			341			801
Excess tax benefit on share-based compensation	0			0			264
Other	(2,528		)	(3,059		)	(1,681		)
Net cash (used in) provided by financing activities	(90,232		)	(43,896		)	(39,741		)
Net increase (decrease) in cash	29,159			(1,566		)	(46,787		)
Cash at beginning of year	57,719			59,285			106,072
Cash at end of year	$	86,878		$	57,719		$	59,285