8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2020

FIRST FINANCIAL BANCORP.

(Exact name of registrant as specified in its charter)

Ohio	001-34762		31-1042001
(State or other jurisdiction of incorporation or organization)	(Commission File Number)		(I.R.S. employer identification number)
255 East Fifth Street, Suite 800	Cincinnati,	Ohio	45202
(Address of principal executive offices)			(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol	Name of exchange on which registered
Common stock, No par value	FFBC	The NASDAQ Stock Market LLC

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 October 22, 2020, First Financial Bancorp. (the "Company") issued its earnings press release that included its results of operations and financial condition for the first nine months and third quarter of 2020. A copy of the earnings press release is attached as Exhibit 99.1.

The Company also provided electronic presentation slides that will be used in connection with the earnings conference call. A copy of the electronic presentation slides is included in this Report as Exhibit 99.2 and will be available on the Company's website, www.bankatfirst.com.

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.

Item 9.01    Financial Statements and Exhibits.

    (d)    Exhibits:

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

    Exhibit No.    Description

    99.1 First Financial Bancorp. Press Release dated October 22, 2020

    99.2 First Financial Bancorp. presentation materials

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

    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:	October 22, 2020

EX-99.1

Exhibit 99.1

First Financial Bancorp Announces Third Quarter 2020 Financial Results

•Earnings per diluted share of $0.42; $0.44 on an adjusted⁽¹⁾ basis

•Return on average assets of 1.04%; 1.09% as adjusted⁽¹⁾

•Record core fee income driven by $18.6 million of mortgage banking and $10.5 million of foreign exchange income

•Provision for credit losses of $13.4 million; 34% reduction from second quarter

Cincinnati, Ohio - October 22, 2020 - First Financial Bancorp. (Nasdaq: FFBC) (“First Financial” or the “Company”) announced financial results for the three and nine months ended September 30, 2020.

For the three months ended September 30, 2020, the Company reported net income of $41.5 million, or $0.42 per diluted common share. These results compare to net income of $37.4 million, or $0.38 per diluted common share, for the second quarter of 2020 and $50.9 million, or $0.51 per diluted common share, for the third quarter of 2019. For the nine months ended September 30, 2020, First Financial had earnings per diluted common share of $1.10 compared to $1.51 for the same period in 2019.

Return on average assets for the third quarter of 2020 was 1.04% while return on average tangible common equity was 13.61%. These compare to returns on average assets of 0.96% and 1.41%, and returns on average tangible common equity of 12.90% and 16.15%, in the second quarter of 2020 and the third quarter of 2019, respectively.

Third quarter 2020 highlights include:

•After adjustments⁽¹⁾ for certain nonrecurring and certain COVID-19 related items:

◦Net income of $0.44 per diluted common share

◦1.09% return on average assets

◦14.18% return on average tangible common equity

•Adjustments⁽¹⁾ to net income include:

◦$0.1 million of costs directly related to COVID-19

◦$2.1 million of other nonrecurring costs such as merger related and branch consolidation costs

•Strong noninterest income of $49.5 million, an increase of 15.9% from the linked quarter

◦Mortgage banking revenue increased $1.9 million, or 11.6%

◦Record foreign exchange income of $10.5 million; 60.1% increase from linked quarter

◦Service charges on deposits, including overdrafts, increased $1.4 million, or 22.6%

• Noninterest expenses of $97.5 million, or $95.3 million as adjusted⁽¹⁾

◦Includes $7.0 million of incremental incentive compensation expenses directly related to strong operating results and fee income generation

◦Includes $0.5 million contribution to First Financial Foundation

◦Efficiency ratio of 60.3%; 58.9% as adjusted⁽¹⁾

•Loan balances were relatively unchanged at $10.2 billion

•Average transactional deposit balances grew $434.5 million compared to the linked quarter; 19.0% on an annualized basis

_________________________________________________________________________________________⁽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.

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•Total Allowance for Credit Losses of $183.3 million; Total quarterly provision for credit losses of $13.4 million

◦Loans and leases - ACL of $168.5 million, 1.65% of total loans; 1.81% of loans excluding PPP

◦Unfunded Commitments - ACL of $14.8 million

◦Third quarter provision expense driven by expected economic impact from COVID-19, partially offset by higher prepayment rates

•Net interest margin of 3.36% on a fully tax-equivalent basis⁽¹⁾

◦8 basis point decline compared to the linked quarter; 19 basis point decline due to loan yields partially offset by 14 basis point impact from reduced funding costs

◦3 basis points of incremental dilution from PPP from the linked quarter

◦Impact of decline in short term rates, partially offset by funding cost reductions and higher loan fees

•Strong capital ratios

◦Total capital of 15.37%

◦Tier 1 common equity of 11.63%

◦Tangible common equity of 8.25%; 8.79% excluding PPP loans

◦Tangible book value per share of $12.56; $0.30 increase compared to linked quarter

Archie Brown, President and Chief Executive Officer, remarked, “We are pleased with our strong third quarter operating results while maintaining focus on three important pandemic related priorities: maintaining the health and safety of our associates, assisting our clients and communities and strengthening our Company.”

Mr. Brown continued, “Despite continued interest rate headwinds and difficult business conditions, we posted strong earnings as reflected in our adjusted earnings per share of $0.44, adjusted return on assets of 1.09%, and an adjusted efficiency ratio of 58.9%. Additionally, we were encouraged that credit trends remained relatively stable for the quarter. Given the backdrop of increasing Covid-19 cases in the Midwest and uncertainty about the timing of vaccines to bring the pandemic under control, we recorded $13.4 million of provision expense in anticipation of credit deterioration in future quarters, leading to an increase in our allowance for credit losses to 1.81% of total loans, excluding PPP.”

Mr. Brown further commented, “Third quarter results were primarily driven by exceptional fee income, well exceeding second quarter results, which at the time was our highest core fee income on record. The steadfast diligence of our mortgage team capitalized on the continued historic low interest rate environment to drive another sensational quarter in mortgage banking revenue, and Bannockburn recorded its highest income quarter ever. We were also pleased to see service charges improve as local economies continued to gradually reopen and consumer spending increased. Total expenses increased during the quarter as a direct result of our strong operating performance and fee income generation leading to higher incentive and commission expense.”

Mr. Brown concluded, “We are encouraged by our improved operating performance and by the resiliency of our associates. Six months into a global pandemic, we now have 98% of our banking centers fully open to service the needs of our clients, and associates in our corporate offices and operations centers have begun gradually returning, albeit at significantly reduced capacity levels. We continue to provide a bridge for our clients to navigate the environment with approximately $630 million, or 6.2% of total loans, receiving a round two deferral and all capital ratios have improved to equal or surpass pre-pandemic levels. Additionally, this year we have added $125 million to our Allowance for Credit Losses, which brings our total ACL to greater than three times the balance at December 31, 2019. We remain committed to managing pandemic priorities and positioning the Company for even stronger performance when the health crisis subsides.”

Full detail of the Company’s third quarter 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, October 23, 2020 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 1048538. The webcast will be archived on the Investor Relations section of the Company’s website for 12 months.

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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.

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Forward-Looking Statement

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:

•economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business;

•future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses

•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; (iv) management’s ability to effectively execute its business plans;

•mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;

•the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period;

•the effect of changes in accounting policies and practices;

•changes in consumer spending, borrowing and saving and changes in unemployment;

•changes in customers’ performance and creditworthiness;

•the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;  

•current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth;

•the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact of a slowing U.S. economy and increased unemployment on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;

•our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

•financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;

•the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;

•the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;

•a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;

•the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and

•our ability to develop and execute effective business plans and strategies.

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Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2019, 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.

About First Financial Bancorp.

First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of September 30, 2020, the Company had $15.9 billion in assets, $10.2 billion in loans, $11.6 billion in deposits and $2.2 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 $2.8 billion in assets under management as of September 30, 2020. The Company operated 143 full service banking centers as of September 30, 2020, primarily in Ohio, Indiana and Kentucky, 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.

Contact Information

Investors/AnalystsMedia

Jamie Anderson                        Tim Condron

Chief Financial Officer                    Marketing Communications Manager

(513) 887-5400                        (513) 979-5796

InvestorRelations@bankatfirst.commedia@bankatfirst.com

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Selected Financial Information

September 30, 2020

(unaudited)

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,															Nine months ended,
	Sep. 30,			June 30,			Mar. 31,			Dec. 31,			Sep. 30,			September 30,
	2020			2020			2020			2019			2019			2020			2019
RESULTS OF OPERATIONS
Net income	$	41,477		$	37,393		$	28,628		$	48,677		$	50,856		$	107,498		$	149,398
Net earnings per share - basic	$	0.43		$	0.38		$	0.29		$	0.49		$	0.52		$	1.10		$	1.52
Net earnings per share - diluted	$	0.42		$	0.38		$	0.29		$	0.49		$	0.51		$	1.10		$	1.51
Dividends declared per share	$	0.23		$	0.23		$	0.23		$	0.23		$	0.23		$	0.69		$	0.67
KEY FINANCIAL RATIOS
Return on average assets	1.04		%	0.96		%	0.79		%	1.34		%	1.41		%	0.93		%	1.41		%
Return on average shareholders' equity	7.40		%	6.88		%	5.21		%	8.60		%	9.13		%	6.50		%	9.29		%
Return on average tangible shareholders' equity	13.61		%	12.90		%	9.71		%	15.84		%	16.15		%	12.08		%	16.48		%
Net interest margin	3.32		%	3.38		%	3.71		%	3.84		%	3.91		%	3.46		%	3.98		%
Net interest margin (fully tax equivalent) (1)	3.36		%	3.44		%	3.77		%	3.89		%	3.96		%	3.52		%	4.03		%
Ending shareholders' equity as a percent of ending assets	14.11		%	13.99		%	14.47		%	15.49		%	15.62		%	14.11		%	15.62		%
Ending tangible shareholders' equity as a percent of:
Ending tangible assets	8.25		%	8.09		%	8.25		%	9.07		%	9.17		%	8.25		%	9.17		%
Risk-weighted assets	11.07		%	10.89		%	10.50		%	11.09		%	11.34		%	11.07		%	11.34		%
Average shareholders' equity as a percent of average assets	14.08		%	13.91		%	15.21		%	15.53		%	15.43		%	14.38		%	15.23		%
Average tangible shareholders' equity as a percent of
average tangible assets	8.18		%	7.94		%	8.79		%	9.07		%	9.35		%	8.29		%	9.19		%
Book value per share	$	22.94		$	22.66		$	22.25		$	22.82		$	22.59		$	22.94		$	22.59
Tangible book value per share	$	12.56		$	12.26		$	11.82		$	12.42		$	12.33		$	12.56		$	12.33
Common equity tier 1 ratio (2)	11.63		%	11.49		%	11.27		%	11.30		%	11.52		%	11.63		%	11.52		%
Tier 1 ratio (2)	12.02		%	11.87		%	11.66		%	11.69		%	11.91		%	12.02		%	11.91		%
Total capital ratio (2)	15.37		%	15.19		%	13.54		%	13.39		%	13.62		%	15.37		%	13.62		%
Leverage ratio (2)	9.55		%	8.98		%	9.49		%	9.58		%	9.75		%	9.55		%	9.75		%
AVERAGE BALANCE SHEET ITEMS
Loans (3)	$	10,253,392		$	10,002,379		$	9,220,643		$	9,149,222		$	9,014,092		$	9,827,033		$	8,880,904
Investment securities	3,162,832			3,164,243			3,115,723			3,102,867			3,290,666			3,147,655			3,351,559
Interest-bearing deposits with other banks	40,277			91,990			39,332			36,672			38,569			57,138			35,525
Total earning assets	$	13,456,501		$	13,258,612		$	12,375,698		$	12,288,761		$	12,343,327		$	13,031,826		$	12,267,988
Total assets	$	15,842,010		$	15,710,204		$	14,524,422		$	14,460,288		$	14,320,514		$	15,360,642		$	14,126,615
Noninterest-bearing deposits	$	3,535,432		$	3,335,866		$	2,643,240		$	2,638,908		$	2,513,458		$	3,172,841		$	2,485,291
Interest-bearing deposits	8,027,082			8,395,229			7,590,791			7,583,531			7,504,708			8,004,450			7,575,263
Total deposits	$	11,562,514		$	11,731,095		$	10,234,031		$	10,222,439		$	10,018,166		$	11,177,291		$	10,060,554
Borrowings	$	1,519,748		$	1,272,819		$	1,735,767		$	1,613,696		$	1,816,983		$	1,509,482		$	1,687,716
Shareholders' equity	$	2,230,422		$	2,185,865		$	2,209,733		$	2,245,107		$	2,210,327		$	2,208,753		$	2,150,945
CREDIT QUALITY RATIOS
Allowance to ending loans	1.65		%	1.56		%	1.55		%	0.63		%	0.62		%	1.65		%	0.62		%
Allowance to nonaccrual loans	216.28		%	233.74		%	296.51		%	119.69		%	93.18		%	216.28		%	93.18		%
Allowance to nonperforming loans	196.69		%	208.06		%	203.42		%	96.73		%	71.46		%	196.69		%	71.46		%
Nonperforming loans to total loans	0.84		%	0.75		%	0.76		%	0.65		%	0.87		%	0.84		%	0.87		%
Nonperforming assets to ending loans, plus OREO	0.86		%	0.77		%	0.78		%	0.67		%	0.89		%	0.86		%	0.89		%
Nonperforming assets to total assets	0.55		%	0.49		%	0.48		%	0.42		%	0.56		%	0.55		%	0.56		%
Classified assets to total assets	0.84		%	0.79		%	0.83		%	0.62		%	0.92		%	0.84		%	0.92		%
Net charge-offs to average loans (annualized)	0.21		%	0.12		%	(0.04)		%	0.15		%	0.45		%	0.10		%	0.39		%

(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. 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) September 30, 2020 regulatory capital ratios are preliminary.

(3) Includes loans held for sale.

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FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)
	Three months ended,								Nine months ended,
	September 30,								September 30,
	2020			2019			% Change		2020			2019			% Change
Interest income
Loans and leases, including fees	$	103,249		$	126,786		(18.6)	%	$	324,924		$	376,207		(13.6)	%
Investment securities
Taxable	17,906			22,180			(19.3)	%	55,387			70,031			(20.9)	%
Tax-exempt	4,884			4,457			9.6	%	14,403			13,051			10.4	%
Total investment securities interest	22,790			26,637			(14.4)	%	69,790			83,082			(16.0)	%
Other earning assets	31			222			(86.0)	%	220			638			(65.5)	%
Total interest income	126,070			153,645			(17.9)	%	394,934			459,927			(14.1)	%
Interest expense
Deposits	7,886			20,151			(60.9)	%	36,002			60,006			(40.0)	%
Short-term borrowings	51			7,199			(99.3)	%	6,412			19,805			(67.6)	%
Long-term borrowings	5,953			4,760			25.1	%	14,482			14,764			(1.9)	%
Total interest expense	13,890			32,110			(56.7)	%	56,896			94,575			(39.8)	%
Net interest income	112,180			121,535			(7.7)	%	338,038			365,352			(7.5)	%
Provision for credit losses-loans and leases (1)	15,299			5,228			192.6	%	57,038			25,969			119.6	%
Provision for credit losses-unfunded commitments (1)	(1,925)			(216)			N/M		2,013			(342)			N/M
Net interest income after provision for credit losses	98,806			116,523			(15.2)	%	278,987			339,725			(17.9)	%
Noninterest income
Service charges on deposit accounts	7,356			9,874			(25.5)	%	21,792			28,596			(23.8)	%
Trust and wealth management fees	3,855			3,718			3.7	%	12,438			11,731			6.0	%
Bankcard income	3,124			3,316			(5.8)	%	8,666			15,399			(43.7)	%
Client derivative fees	2,203			4,859			(54.7)	%	8,292			11,468			(27.7)	%
Foreign exchange income	10,530			1,708			N/M		27,072			1,725			N/M
Net gains from sales of loans	18,594			4,806			286.9	%	38,087			10,128			276.1	%
Net gains (losses) on sale of investment securities	2			105			(98.1)	%	(55)			(110)			50.0	%
Other	3,835			4,754			(19.3)	%	11,316			15,668			(27.8)	%
Total noninterest income	49,499			33,140			49.4	%	127,608			94,605			34.9	%
Noninterest expenses
Salaries and employee benefits	63,769			53,212			19.8	%	174,516			155,109			12.5	%
Net occupancy	5,625			5,509			2.1	%	17,107			17,735			(3.5)	%
Furniture and equipment	3,638			4,120			(11.7)	%	11,372			11,758			(3.3)	%
Data processing	6,837			5,774			18.4	%	20,245			15,885			27.4	%
Marketing	1,856			1,346			37.9	%	4,415			4,928			(10.4)	%
Communication	855			910			(6.0)	%	2,652			2,385			11.2	%
Professional services	2,443			4,771			(48.8)	%	6,923			9,062			(23.6)	%
State intangible tax	1,514			1,445			4.8	%	4,544			4,062			11.9	%
FDIC assessments	1,350			(1,097)			223.1	%	4,045			918			340.6	%
Intangible amortization	2,779			2,432			14.3	%	8,362			6,521			28.2	%
Other	6,845			8,020			(14.7)	%	21,685			21,082			2.9	%
Total noninterest expenses	97,511			86,442			12.8	%	275,866			249,445			10.6	%
Income before income taxes	50,794			63,221			(19.7)	%	130,729			184,885			(29.3)	%
Income tax expense	9,317			12,365			(24.7)	%	23,231			35,487			(34.5)	%
Net income	$	41,477		$	50,856		(18.4)	%	$	107,498		$	149,398		(28.0)	%
ADDITIONAL DATA
Net earnings per share - basic	$	0.43		$	0.52				$	1.10		$	1.52
Net earnings per share - diluted	$	0.42		$	0.51				$	1.10		$	1.51
Dividends declared per share	$	0.23		$	0.23				$	0.69		$	0.67
Return on average assets	1.04		%	1.41		%			0.93		%	1.41		%
Return on average shareholders' equity	7.40		%	9.13		%			6.50		%	9.29		%
Interest income	$	126,070		$	153,645		(17.9)	%	$	394,934		$	459,927		(14.1)	%
Tax equivalent adjustment	1,628			1,759			(7.4)	%	4,916			4,698			4.6	%
Interest income - tax equivalent	127,698			155,404			(17.8)	%	399,850			464,625			(13.9)	%
Interest expense	13,890			32,110			(56.7)	%	56,896			94,575			(39.8)	%
Net interest income - tax equivalent	$	113,808		$	123,294		(7.7)	%	$	342,954		$	370,050		(7.3)	%
Net interest margin	3.32		%	3.91		%			3.46		%	3.98		%
Net interest margin (fully tax equivalent) (2)	3.36		%	3.96		%			3.52		%	4.03		%
Full-time equivalent employees	2,065			2,064
(1) Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology.
(2) 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. 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.

3

FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)
	2020
	Third			Second			First			Year to			% Change
	Quarter			Quarter			Quarter			Date			Linked Qtr.
Interest income
Loans and leases, including fees	$	103,249		$	105,900		$	115,775		$	324,924		(2.5)	%
Investment securities
Taxable	17,906			18,476			19,005			55,387			(3.1)	%
Tax-exempt	4,884			4,937			4,582			14,403			(1.1)	%
Total investment securities interest	22,790			23,413			23,587			69,790			(2.7)	%
Other earning assets	31			47			142			220			(34.0)	%
Total interest income	126,070			129,360			139,504			394,934			(2.5)	%
Interest expense
Deposits	7,886			11,751			16,365			36,002			(32.9)	%
Short-term borrowings	51			1,274			5,087			6,412			(96.0)	%
Long-term borrowings	5,953			4,759			3,770			14,482			25.1	%
Total interest expense	13,890			17,784			25,222			56,896			(21.9)	%
Net interest income	112,180			111,576			114,282			338,038			0.5	%
Provision for credit losses-loans and leases (1)	15,299			17,859			23,880			57,038			(14.3)	%
Provision for credit losses-unfunded commitments (1)	(1,925)			2,370			1,568			2,013			(181.2)	%
Net interest income after provision for credit losses	98,806			91,347			88,834			278,987			8.2	%
Noninterest income
Service charges on deposit accounts	7,356			6,001			8,435			21,792			22.6	%
Trust and wealth management fees	3,855			4,114			4,469			12,438			(6.3)	%
Bankcard income	3,124			2,844			2,698			8,666			9.8	%
Client derivative fees	2,203			2,984			3,105			8,292			(26.2)	%
Foreign exchange income	10,530			6,576			9,966			27,072			60.1	%
Net gains from sales of loans	18,594			16,662			2,831			38,087			11.6	%
Net gains (losses) on sale of investment securities	2			2			(59)			(55)			0.0	%
Other	3,835			3,542			3,939			11,316			8.3	%
Total noninterest income	49,499			42,725			35,384			127,608			15.9	%
Noninterest expenses
Salaries and employee benefits	63,769			55,925			54,822			174,516			14.0	%
Net occupancy	5,625			5,378			6,104			17,107			4.6	%
Furniture and equipment	3,638			3,681			4,053			11,372			(1.2)	%
Data processing	6,837			7,019			6,389			20,245			(2.6)	%
Marketing	1,856			1,339			1,220			4,415			38.6	%
Communication	855			907			890			2,652			(5.7)	%
Professional services	2,443			2,205			2,275			6,923			10.8	%
State intangible tax	1,514			1,514			1,516			4,544			0.0	%
FDIC assessments	1,350			1,290			1,405			4,045			4.7	%
Intangible amortization	2,779			2,791			2,792			8,362			(0.4)	%
Other	6,845			6,640			8,200			21,685			3.1	%
Total noninterest expenses	97,511			88,689			89,666			275,866			9.9	%
Income before income taxes	50,794			45,383			34,552			130,729			11.9	%
Income tax expense	9,317			7,990			5,924			23,231			16.6	%
Net income	$	41,477		$	37,393		$	28,628		$	107,498		10.9	%
ADDITIONAL DATA
Net earnings per share - basic	$	0.43		$	0.38		$	0.29		$	1.10
Net earnings per share - diluted	$	0.42		$	0.38		$	0.29		$	1.10
Dividends declared per share	$	0.23		$	0.23		$	0.23		$	0.69
Return on average assets	1.04		%	0.96		%	0.79		%	0.93		%
Return on average shareholders' equity	7.40		%	6.88		%	5.21		%	6.50		%
Interest income	$	126,070		$	129,360		$	139,504		$	394,934		(2.5)	%
Tax equivalent adjustment	1,628			1,664			1,624			4,916			(2.2)	%
Interest income - tax equivalent	127,698			131,024			141,128			399,850			(2.5)	%
Interest expense	13,890			17,784			25,222			56,896			(21.9)	%
Net interest income - tax equivalent	$	113,808		$	113,240		$	115,906		$	342,954		0.5	%
Net interest margin	3.32		%	3.38		%	3.71		%	3.46		%
Net interest margin (fully tax equivalent) (2)	3.36		%	3.44		%	3.77		%	3.52		%
Full-time equivalent employees	2,065			2,076			2,067
(1) Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology.
(2) 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. 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.

4

FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)
	2019
	Fourth			Third			Second			First			Full
	Quarter			Quarter			Quarter			Quarter			Year
Interest income
Loans and leases, including fees	$	122,802		$	126,786		$	126,365		$	123,056		$	499,009
Investment securities
Taxable	20,137			22,180			23,616			24,235			90,168
Tax-exempt	4,545			4,457			4,336			4,258			17,596
Total investment securities interest	24,682			26,637			27,952			28,493			107,764
Other earning assets	167			222			206			210			805
Total interest income	147,651			153,645			154,523			151,759			607,578
Interest expense
Deposits	19,026			20,151			20,612			19,243			79,032
Short-term borrowings	5,430			7,199			6,646			5,960			25,235
Long-term borrowings	4,293			4,760			4,963			5,041			19,057
Total interest expense	28,749			32,110			32,221			30,244			123,324
Net interest income	118,902			121,535			122,302			121,515			484,254
Provision for credit losses-loans and leases (1)	4,629			5,228			6,658			14,083			30,598
Provision for credit losses-unfunded commitments (1)	177			(216)			(132)			6			(165)
Net interest income after provision for credit losses	114,096			116,523			115,776			107,426			453,821
Noninterest income
Service charges on deposit accounts	9,343			9,874			9,819			8,903			37,939
Trust and wealth management fees	3,913			3,718			3,943			4,070			15,644
Bankcard income	3,405			3,316			6,497			5,586			18,804
Client derivative fees	4,194			4,859			4,905			1,704			15,662
Foreign exchange income	6,014			1,708			17			0			7,739
Net gains from sales of loans	4,723			4,806			3,432			1,890			14,851
Net gains on sale of investment securities	(296)			105			(37)			(178)			(406)
Other	5,472			4,754			6,062			4,852			21,140
Total noninterest income	36,768			33,140			34,638			26,827			131,373
Noninterest expenses
Salaries and employee benefits	53,952			53,212			53,985			47,912			209,061
Net occupancy	6,334			5,509			5,596			6,630			24,069
Furniture and equipment	4,145			4,120			4,222			3,416			15,903
Data processing	5,996			5,774			4,984			5,127			21,881
Marketing	1,980			1,346			1,976			1,606			6,908
Communication	882			910			747			728			3,267
Professional services	2,192			4,771			2,039			2,252			11,254
State intangible tax	1,767			1,445			1,307			1,310			5,829
FDIC assessments	1,055			(1,097)			1,065			950			1,973
Intangible amortization	3,150			2,432			2,044			2,045			9,671
Other	11,434			8,020			6,545			6,517			32,516
Total noninterest expenses	92,887			86,442			84,510			78,493			342,332
Income before income taxes	57,977			63,221			65,904			55,760			242,862
Income tax expense (benefit)	9,300			12,365			13,201			9,921			44,787
Net income	$	48,677		$	50,856		$	52,703		$	45,839		$	198,075
ADDITIONAL DATA
Net earnings per share - basic	$	0.49		$	0.52		$	0.54		$	0.47		$	2.01
Net earnings per share - diluted	$	0.49		$	0.51		$	0.53		$	0.47		$	2.00
Dividends declared per share	$	0.23		$	0.23		$	0.22		$	0.22		$	0.90
Return on average assets	1.34		%	1.41		%	1.50		%	1.33		%	1.39		%
Return on average shareholders' equity	8.60		%	9.13		%	9.85		%	8.88		%	9.11		%
Interest income	$	147,651		$	153,645		$	154,523		$	151,759		$	607,578
Tax equivalent adjustment	1,630			1,759			1,416			1,523			6,328
Interest income - tax equivalent	149,281			155,404			155,939			153,282			613,906
Interest expense	28,749			32,110			32,221			30,244			123,324
Net interest income - tax equivalent	$	120,532		$	123,294		$	123,718		$	123,038		$	490,582
Net interest margin	3.84		%	3.91		%	3.99		%	4.05		%	3.95		%
Net interest margin (fully tax equivalent) (2)	3.89		%	3.96		%	4.04		%	4.10		%	4.00		%
Full-time equivalent employees	2,065			2,064			2,076			2,087
(1) Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology.
(2) 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. 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.

5

FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)
	Sep. 30,		June 30,		Mar. 31,		Dec. 31,		Sep. 30,		% Change		% Change
	2020		2020		2020		2019		2019		Linked Qtr.		Comp Qtr.
ASSETS
Cash and due from banks	$	207,128	$	283,639	$	261,892	$	200,691	$	242,482	(27.0)	%	(14.6)	%
Interest-bearing deposits with other banks	38,806		38,845		71,071		56,948		39,669		(0.1)	%	(2.2)	%
Investment securities available-for-sale	3,004,963		2,897,413		2,908,688		2,852,084		2,850,502		3.7	%	5.4	%
Investment securities held-to-maturity	118,072		127,347		136,744		142,862		148,778		(7.3)	%	(20.6)	%
Other investments	118,292		132,366		143,581		125,020		124,965		(10.6)	%	(5.3)	%
Loans held for sale	69,008		43,950		27,334		13,680		23,528		57.0	%	193.3	%
Loans and leases
Commercial and industrial	3,292,313		3,322,374		2,477,773		2,465,877		2,470,017		(0.9)	%	33.3	%
Lease financing	74,742		80,087		82,602		88,364		92,616		(6.7)	%	(19.3)	%
Construction real estate	575,648		506,085		500,311		493,182		515,960		13.7	%	11.6	%
Commercial real estate	4,347,125		4,343,702		4,278,257		4,194,651		4,015,908		0.1	%	8.2	%
Residential real estate	1,027,702		1,043,745		1,061,792		1,055,949		1,055,007		(1.5)	%	(2.6)	%
Home equity	754,743		764,171		781,243		771,869		776,885		(1.2)	%	(2.9)	%
Installment	84,629		79,150		80,085		82,589		88,275		6.9	%	(4.1)	%
Credit card	43,907		42,397		45,756		49,184		49,010		3.6	%	(10.4)	%
Total loans	10,200,809		10,181,711		9,307,819		9,201,665		9,063,678		0.2	%	12.5	%
Less:
Allowance for credit losses (1)	168,544		158,661		143,885		57,650		56,552		6.2	%	198.0	%
Net loans	10,032,265		10,023,050		9,163,934		9,144,015		9,007,126		0.1	%	11.4	%
Premises and equipment	209,474		211,164		212,787		214,506		213,681		(0.8)	%	(2.0)	%
Goodwill	937,771		937,771		937,771		937,771		937,689		0.0	%	0.0	%
Other intangibles	67,419		70,325		73,258		76,201		79,506		(4.1)	%	(15.2)	%
Accrued interest and other assets	1,122,449		1,105,020		1,120,507		747,847		812,519		1.6	%	38.1	%
Total Assets	$	15,925,647	$	15,870,890	$	15,057,567	$	14,511,625	$	14,480,445	0.3	%	10.0	%
LIABILITIES
Deposits
Interest-bearing demand	$	2,632,467	$	2,657,841	$	2,498,109	$	2,364,881	$	2,316,301	(1.0)	%	13.6	%
Savings	3,446,678		3,287,314		2,978,250		2,960,979		2,924,200		4.8	%	17.9	%
Time	1,935,392		2,241,212		2,435,858		2,240,441		2,308,617		(13.6)	%	(16.2)	%
Total interest-bearing deposits	8,014,537		8,186,367		7,912,217		7,566,301		7,549,118		(2.1)	%	6.2	%
Noninterest-bearing	3,552,893		3,515,048		2,723,341		2,643,928		2,534,739		1.1	%	40.2	%
Total deposits	11,567,430		11,701,415		10,635,558		10,210,229		10,083,857		(1.1)	%	14.7	%
Federal funds purchased and securities sold
under agreements to repurchase	247,658		154,347		215,824		165,181		85,286		60.5	%	190.4	%
FHLB short-term borrowings	0		0		1,181,900		1,151,000		1,128,900		N/M		(100.0)	%
Total short-term borrowings	247,658		154,347		1,397,724		1,316,181		1,214,186		60.5	%	(79.6)	%
Long-term debt	1,341,164		1,285,767		325,566		414,376		498,778		4.3	%	168.9	%
Total borrowed funds	1,588,822		1,440,114		1,723,290		1,730,557		1,712,964		10.3	%	(7.2)	%
Accrued interest and other liabilities	521,580		508,342		519,336		323,134		422,311		2.6	%	23.5	%
Total Liabilities	13,677,832		13,649,871		12,878,184		12,263,920		12,219,132		0.2	%	11.9	%
SHAREHOLDERS' EQUITY
Common stock	1,637,489		1,635,070		1,633,950		1,640,771		1,639,333		0.1	%	(0.1)	%
Retained earnings	694,484		675,532		660,653		711,249		685,368		2.8	%	1.3	%
Accumulated other comprehensive income (loss)	42,266		36,431		11,788		13,323		15,450		16.0	%	173.6	%
Treasury stock, at cost	(126,424)		(126,014)		(127,008)		(117,638)		(78,838)		0.3	%	60.4	%
Total Shareholders' Equity	2,247,815		2,221,019		2,179,383		2,247,705		2,261,313		1.2	%	(0.6)	%
Total Liabilities and Shareholders' Equity	$	15,925,647	$	15,870,890	$	15,057,567	$	14,511,625	$	14,480,445	0.3	%	10.0	%
(1) Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology.

6

FIRST FINANCIAL BANCORP.
AVERAGE CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)
	Quarterly Averages										Year-to-Date Averages
	Sep. 30,		June 30,		Mar. 31,		Dec. 31,		Sep. 30,		Sep. 30,
	2020		2020		2020		2019		2019		2020		2019
ASSETS
Cash and due from banks	$	233,216	$	284,726	$	235,696	$	221,060	$	191,000	$	251,147	$	182,025
Interest-bearing deposits with other banks	40,277		91,990		39,332		36,672		38,569		57,138		35,525
Investment securities	3,162,832		3,164,243		3,115,723		3,102,867		3,290,666		3,147,655		3,351,559
Loans held for sale	45,186		36,592		13,174		21,050		18,197		31,700		12,659
Loans and leases
Commercial and industrial	3,299,259		3,058,677		2,450,893		2,469,810		2,509,782		2,937,601		2,517,681
Lease financing	78,500		81,218		85,782		91,225		94,858		81,821		93,467
Construction real estate	536,870		495,407		501,471		501,892		509,742		511,343		488,002
Commercial real estate	4,364,708		4,381,647		4,209,345		4,102,288		3,925,028		4,318,735		3,841,178
Residential real estate	1,041,250		1,052,996		1,055,456		1,053,707		1,035,975		1,049,869		996,100
Home equity	759,994		772,424		773,082		773,119		781,340		768,469		792,635
Installment	82,016		79,016		81,234		85,515		88,760		80,760		89,927
Credit card	45,609		44,402		50,206		50,616		50,410		46,735		49,255
Total loans	10,208,206		9,965,787		9,207,469		9,128,172		8,995,895		9,795,333		8,868,245
Less:
Allowance for credit losses (1)	165,270		155,454		121,126		56,649		61,911		147,349		59,129
Net loans	10,042,936		9,810,333		9,086,343		9,071,523		8,933,984		9,647,984		8,809,116
Premises and equipment	211,454		213,903		215,545		215,171		215,671		213,626		213,540
Goodwill	937,771		937,771		937,771		937,710		899,888		937,771		886,130
Other intangibles	69,169		72,086		75,014		78,190		51,365		72,079		43,019
Accrued interest and other assets	1,099,169		1,098,560		805,824		776,045		681,174		1,001,542		593,042
Total Assets	$	15,842,010	$	15,710,204	$	14,524,422	$	14,460,288	$	14,320,514	$	15,360,642	$	14,126,615
LIABILITIES
Deposits
Interest-bearing demand	$	2,668,635	$	2,602,917	$	2,418,193	$	2,373,962	$	2,325,405	$	2,563,633	$	2,310,095
Savings	3,342,514		3,173,274		2,976,518		2,995,395		2,945,076		3,164,753		3,038,620
Time	2,015,933		2,619,038		2,196,080		2,214,174		2,234,227		2,276,064		2,226,548
Total interest-bearing deposits	8,027,082		8,395,229		7,590,791		7,583,531		7,504,708		8,004,450		7,575,263
Noninterest-bearing	3,535,432		3,335,866		2,643,240		2,638,908		2,513,458		3,172,841		2,485,291
Total deposits	11,562,514		11,731,095		10,234,031		10,222,439		10,018,166		11,177,291		10,060,554
Federal funds purchased and securities sold
under agreements to repurchase	150,088		145,291		164,093		206,800		185,156		153,146		138,692
FHLB short-term borrowings	30,868		548,183		1,189,765		952,625		1,112,091		587,566		1,003,745
Total short-term borrowings	180,956		693,474		1,353,858		1,159,425		1,297,247		740,712		1,142,437
Long-term debt	1,338,792		579,345		381,909		454,271		519,736		768,770		545,279
Total borrowed funds	1,519,748		1,272,819		1,735,767		1,613,696		1,816,983		1,509,482		1,687,716
Accrued interest and other liabilities	529,326		520,425		344,891		379,046		275,038		465,116		227,400
Total Liabilities	13,611,588		13,524,339		12,314,689		12,215,181		12,110,187		13,151,889		11,975,670
SHAREHOLDERS' EQUITY
Common stock	1,636,107		1,634,405		1,638,851		1,640,066		1,629,286		1,636,453		1,625,851
Retained earnings	679,980		658,312		660,108		691,236		662,899		666,184		636,613
Accumulated other comprehensive loss	40,697		19,888		31,200		13,986		11,985		30,632		(13,377)
Treasury stock, at cost	(126,362)		(126,740)		(120,426)		(100,181)		(93,843)		(124,516)		(98,142)
Total Shareholders' Equity	2,230,422		2,185,865		2,209,733		2,245,107		2,210,327		2,208,753		2,150,945
Total Liabilities and Shareholders' Equity	$	15,842,010	$	15,710,204	$	14,524,422	$	14,460,288	$	14,320,514	$	15,360,642	$	14,126,615
(1) Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology.

7

FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS
(Dollars in thousands)
(Unaudited)
	Quarterly Averages												Year-to-Date Averages
	September 30, 2020				June 30, 2020				September 30, 2019				September 30, 2020				September 30, 2019
	Balance		Yield		Balance		Yield		Balance		Yield		Balance		Yield		Balance		Yield
Earning assets
Investments:
Investment securities	$	3,162,832	2.86	%	$	3,164,243	2.97	%	$	3,290,666	3.21	%	$	3,147,655	2.96	%	$	3,351,559	3.31	%
Interest-bearing deposits with other banks	40,277		0.31	%	91,990		0.20	%	38,569		2.28	%	57,138		0.51	%	35,525		2.40	%
Gross loans (1)	10,253,392		4.00	%	10,002,379		4.25	%	9,014,092		5.58	%	9,827,033		4.42	%	8,880,904		5.66	%
Total earning assets	13,456,501		3.72	%	13,258,612		3.91	%	12,343,327		4.94	%	13,031,826		4.05	%	12,267,988		5.01	%
Nonearning assets
Allowance for credit losses	(165,270)				(155,454)				(61,911)				(147,349)				(59,129)
Cash and due from banks	233,216				284,726				191,000				251,147				182,025
Accrued interest and other assets	2,317,563				2,322,320				1,848,098				2,225,018				1,735,731
Total assets	$	15,842,010			$	15,710,204			$	14,320,514			$	15,360,642			$	14,126,615
Interest-bearing liabilities
Deposits:
Interest-bearing demand	$	2,668,635	0.08	%	$	2,602,917	0.11	%	$	2,325,405	0.56	%	$	2,563,633	0.21	%	$	2,310,095	0.55	%
Savings	3,342,514		0.14	%	3,173,274		0.17	%	2,945,076		0.69	%	3,164,753		0.25	%	3,038,620		0.74	%
Time	2,015,933		1.20	%	2,619,038		1.49	%	2,234,227		2.09	%	2,276,064		1.54	%	2,226,548		2.02	%
Total interest-bearing deposits	8,027,082		0.39	%	8,395,229		0.56	%	7,504,708		1.07	%	8,004,450		0.60	%	7,575,263		1.06	%
Borrowed funds
Short-term borrowings	180,956		0.11	%	693,474		0.74	%	1,297,247		2.20	%	740,712		1.16	%	1,142,437		2.32	%
Long-term debt	1,338,792		1.76	%	579,345		3.29	%	519,736		3.63	%	768,770		2.52	%	545,279		3.62	%
Total borrowed funds	1,519,748		1.57	%	1,272,819		1.90	%	1,816,983		2.61	%	1,509,482		1.85	%	1,687,716		2.74	%
Total interest-bearing liabilities	9,546,830		0.58	%	9,668,048		0.74	%	9,321,691		1.37	%	9,513,932		0.80	%	9,262,979		1.37	%
Noninterest-bearing liabilities
Noninterest-bearing demand deposits	3,535,432				3,335,866				2,513,458				3,172,841				2,485,291
Other liabilities	529,326				520,425				275,038				465,116				227,400
Shareholders' equity	2,230,422				2,185,865				2,210,327				2,208,753				2,150,945
Total liabilities & shareholders' equity	$	15,842,010			$	15,710,204			$	14,320,514			$	15,360,642			$	14,126,615
Net interest income	$	112,180			$	111,576			$	121,535			$	338,038			$	365,352
Net interest spread			3.14	%			3.17	%			3.57	%			3.25	%			3.64	%
Net interest margin			3.32	%			3.38	%			3.91	%			3.46	%			3.98	%
Tax equivalent adjustment			0.04	%			0.06	%			0.05	%			0.06	%			0.05	%
Net interest margin (fully tax equivalent)			3.36	%			3.44	%			3.96	%			3.52	%			4.03	%
(1) Loans held for sale and nonaccrual loans are included in gross loans.

8

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	$	(861)	$	238	$	(623)	$	(2,926)	$	(921)	$	(3,847)	$	(8,771)	$	(4,521)	$	(13,292)
Interest-bearing deposits with other banks	23		(39)		(16)		(192)		1		(191)		(501)		83		(418)
Gross loans (2)	(6,273)		3,622		(2,651)		(36,016)		12,479		(23,537)		(82,566)		31,283		(51,283)
Total earning assets	(7,111)		3,821		(3,290)		(39,134)		11,559		(27,575)		(91,838)		26,845		(64,993)
Interest-bearing liabilities
Total interest-bearing deposits	$	(3,593)	$	(272)	$	(3,865)	$	(12,778)	$	513	$	(12,265)	$	(25,934)	$	1,930	$	(24,004)
Borrowed funds
Short-term borrowings	(1,081)		(142)		(1,223)		(6,833)		(315)		(7,148)		(9,915)		(3,478)		(13,393)
Long-term debt	(2,211)		3,405		1,194		(2,449)		3,642		1,193		(4,492)		4,210		(282)
Total borrowed funds	(3,292)		3,263		(29)		(9,282)		3,327		(5,955)		(14,407)		732		(13,675)
Total interest-bearing liabilities	(6,885)		2,991		(3,894)		(22,060)		3,840		(18,220)		(40,341)		2,662		(37,679)
Net interest income (1)	$	(226)	$	830	$	604	$	(17,074)	$	7,719	$	(9,355)	$	(51,497)	$	24,183	$	(27,314)
(1) Not tax equivalent.
(2) Loans held for sale and nonaccrual loans are included in gross loans.

9

FIRST FINANCIAL BANCORP.
CREDIT QUALITY
(Dollars in thousands)
(Unaudited)
																Nine months ended
	Sep. 30,			June 30,			Mar. 31,			Dec. 31,			Sep. 30,			Sep. 30,			Sep. 30,
	2020			2020			2020			2019			2019			2020			2019
ALLOWANCE FOR CREDIT LOSS ACTIVITY
Balance at beginning of period	$	158,661		$	143,885		$	57,650		$	56,552		$	61,549		$	57,650		$	56,542
Day one adoption impact of ASC 326	0			0			61,505			0			0			61,505			0
Provision for credit losses	15,299			17,859			23,880			4,629			5,228			57,038			25,969
Gross charge-offs
Commercial and industrial	1,467			1,282			1,091			2,919			9,556			3,840			23,757
Lease financing	852			0			0			62			0			852			100
Construction real estate	0			0			0			0			0			0			0
Commercial real estate	3,789			2,037			4			1,854			535			5,830			1,835
Residential real estate	22			148			115			167			278			285			510
Home equity	460			428			267			807			627			1,155			1,784
Installment	59			7			61			31			65			127			192
Credit card	171			234			311			319			598			716			1,228
Total gross charge-offs	6,820			4,136			1,849			6,159			11,659			12,805			29,406
Recoveries
Commercial and industrial	265			275			2,000			1,796			556			2,540			1,087
Lease financing	6			0			0			0			0			6			0
Construction real estate	0			14			0			0			0			14			68
Commercial real estate	760			424			234			439			347			1,418			674
Residential real estate	91			93			52			72			64			236			201
Home equity	209			156			339			243			335			704			1,092
Installment	35			27			31			49			93			93			202
Credit card	38			64			43			29			39			145			123
Total recoveries	1,404			1,053			2,699			2,628			1,434			5,156			3,447
Total net charge-offs	5,416			3,083			(850)			3,531			10,225			7,649			25,959
Ending allowance for credit losses	$	168,544		$	158,661		$	143,885		$	57,650		$	56,552		$	168,544		$	56,552
NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)
Commercial and industrial	0.14		%	0.13		%	(0.15)		%	0.18		%	1.42		%	0.06		%	1.20		%
Lease financing	4.29		%	0.00		%	0.00		%	0.27		%	0.00		%	1.38		%	0.14		%
Construction real estate	0.00		%	(0.01)		%	0.00		%	0.00		%	0.00		%	0.00		%	(0.02)		%
Commercial real estate	0.28		%	0.15		%	(0.02)		%	0.14		%	0.02		%	0.14		%	0.04		%
Residential real estate	(0.03)		%	0.02		%	0.02		%	0.04		%	0.08		%	0.01		%	0.04		%
Home equity	0.13		%	0.14		%	(0.04)		%	0.29		%	0.15		%	0.08		%	0.12		%
Installment	0.12		%	(0.10)		%	0.15		%	(0.08)		%	(0.13)		%	0.06		%	(0.01)		%
Credit card	1.16		%	1.54		%	2.15		%	2.27		%	4.40		%	1.63		%	3.00		%
Total net charge-offs	0.21		%	0.12		%	(0.04)		%	0.15		%	0.45		%	0.10		%	0.39		%
COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS
Nonaccrual loans (1)
Commercial and industrial	$	34,686		$	33,906		$	21,126		$	24,346		$	28,358		$	34,686		$	28,358
Lease financing	1,092			1,353			222			223			284			1,092			284
Construction real estate	0			0			0			0			5			0			5
Commercial real estate	24,521			14,002			10,050			7,295			14,889			24,521			14,889
Residential real estate	12,104			12,813			11,163			10,892			11,655			12,104			11,655
Home equity	5,374			5,604			5,821			5,242			5,427			5,374			5,427
Installment	153			201			145			167			75			153			75
Nonaccrual loans	77,930			67,879			48,527			48,165			60,693			77,930			60,693
Accruing troubled debt restructurings (TDRs)	7,759			8,377			22,206			11,435			18,450			7,759			18,450
Total nonperforming loans	85,689			76,256			70,733			59,600			79,143			85,689			79,143
Other real estate owned (OREO)	1,643			1,872			1,467			2,033			1,613			1,643			1,613
Total nonperforming assets	87,332			78,128			72,200			61,633			80,756			87,332			80,756
Accruing loans past due 90 days or more	79			124			120			201			287			79			287
Total underperforming assets	$	87,411		$	78,252		$	72,320		$	61,834		$	81,043		$	87,411		$	81,043
Total classified assets	$	134,002		$	125,543		$	124,510		$	89,250		$	132,500		$	134,002		$	132,500
CREDIT QUALITY RATIOS
Allowance for credit losses to
Nonaccrual loans	216.28		%	233.74		%	296.51		%	119.69		%	93.18		%	216.28		%	93.18		%
Nonperforming loans	196.69		%	208.06		%	203.42		%	96.73		%	71.46		%	196.69		%	71.46		%
Total ending loans	1.65		%	1.56		%	1.55		%	0.63		%	0.62		%	1.65		%	0.62		%
Nonperforming loans to total loans	0.84		%	0.75		%	0.76		%	0.65		%	0.87		%	0.84		%	0.87		%
Nonperforming assets to
Ending loans, plus OREO	0.86		%	0.77		%	0.78		%	0.67		%	0.89		%	0.86		%	0.89		%
Total assets	0.55		%	0.49		%	0.48		%	0.42		%	0.56		%	0.55		%	0.56		%
Nonperforming assets, excluding accruing TDRs to
Ending loans, plus OREO	0.78		%	0.68		%	0.54		%	0.55		%	0.69		%	0.78		%	0.69		%
Total assets	0.50		%	0.44		%	0.33		%	0.35		%	0.43		%	0.50		%	0.43		%
Classified assets to total assets	0.84		%	0.79		%	0.83		%	0.62		%	0.92		%	0.84		%	0.92		%
(1) Nonaccrual loans include nonaccrual TDRs of $29.3 million, $32.7 million, $18.4 million, $18.5 million, and $21.5 million, as of September 30, 2020, June 30, 2020, March 31, 2020, December 31, 2019, and September 30, 2019, respectively.

10

FIRST FINANCIAL BANCORP.
CAPITAL ADEQUACY
(Dollars in thousands, except per share data)
(Unaudited)
																Nine months ended,
	Sep. 30,			June 30,			Mar. 31,			Dec. 31,			Sep. 30,			Sep. 30,			Sep. 30,
	2020			2020			2020			2019			2019			2020			2019
PER COMMON SHARE
Market Price
High	$	15.15		$	16.38		$	25.52		$	26.04		$	25.49		$	25.52		$	28.56
Low	$	11.40		$	11.52		$	12.67		$	23.24		$	22.37		$	11.40		$	22.16
Close	$	12.01		$	13.89		$	14.91		$	25.44		$	24.48		$	12.01		$	24.48
Average shares outstanding - basic	97,247,080			97,220,748			97,736,690			98,684,706			98,517,025			97,400,942			98,177,802
Average shares outstanding - diluted	98,008,733			97,988,600			98,356,214			99,232,167			99,077,723			98,117,463			98,723,173
Ending shares outstanding	97,999,763			98,018,858			97,968,958			98,490,998			100,094,819			97,999,763			100,094,819
Total shareholders' equity	$	2,247,815		$	2,221,019		$	2,179,383		$	2,247,705		$	2,261,313		$	2,247,815		$	2,261,313
REGULATORY CAPITAL	Preliminary															Preliminary
Common equity tier 1 capital	$	1,293,716		$	1,267,609		$	1,243,152		$	1,245,746		$	1,253,803		$	1,293,716		$	1,253,803
Common equity tier 1 capital ratio	11.63		%	11.49		%	11.27		%	11.30		%	11.52		%	11.63		%	11.52		%
Tier 1 capital	$	1,336,497		$	1,310,276		$	1,285,705		$	1,288,185		$	1,296,399		$	1,336,497		$	1,296,399
Tier 1 ratio	12.02		%	11.87		%	11.66		%	11.69		%	11.91		%	12.02		%	11.91		%
Total capital	$	1,708,817		$	1,676,532		$	1,493,100		$	1,475,813		$	1,482,708		$	1,708,817		$	1,482,708
Total capital ratio	15.37		%	15.19		%	13.54		%	13.39		%	13.62		%	15.37		%	13.62		%
Total capital in excess of minimum requirement	$	541,263		$	517,902		$	335,229		$	318,315		$	339,935		$	541,263		$	339,935
Total risk-weighted assets	$	11,119,560		$	11,034,570		$	11,027,347		$	11,023,795		$	10,883,554		$	11,119,560		$	10,883,554
Leverage ratio	9.55		%	8.98		%	9.49		%	9.58		%	9.75		%	9.55		%	9.75		%
OTHER CAPITAL RATIOS
Ending shareholders' equity to ending assets	14.11		%	13.99		%	14.47		%	15.49		%	15.62		%	14.11		%	15.62		%
Ending tangible shareholders' equity to ending tangible assets	8.25		%	8.09		%	8.25		%	9.07		%	9.17		%	8.25		%	9.17		%
Average shareholders' equity to average assets	14.08		%	13.91		%	15.21		%	15.53		%	15.43		%	14.38		%	15.23		%
Average tangible shareholders' equity to average tangible assets	8.18		%	7.94		%	8.79		%	9.07		%	9.35		%	8.29		%	9.19		%
REPURCHASE PROGRAM (1)
Shares repurchased	0			0			880,000			1,609,778			1,143,494			880,000			1,143,494
Average share repurchase price	N/A			N/A			$	18.96		$	24.13		$	23.94		$	18.96		$	23.94
Total cost of shares repurchased	N/A			N/A			$	16,686		$	38,846		$	27,372		$	16,686		$	27,372
(1) Represents share repurchases as part of publicly announced plans.
N/A = Not applicable

11

EX-99.2

Exhibit 99.2 Earnings Presentation Third Quarter 2020

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: • economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business; • future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses; • 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; (iv) management’s ability to effectively execute its business plans; • mergers and acquisitions, including costs or difficulties related to the integration of acquired companies; • the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period; • the effect of changes in accounting policies and practices; • changes in consumer spending, borrowing and saving and changes in unemployment; • changes in customers’ performance and creditworthiness; • the costs and effects of litigation and of unexpected or adverse outcomes in such litigation; • current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, and any slowdown in global economic growth; • the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact of a slowing U.S. economy and increased unemployment on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products; • our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms; 2

Forward Looking Statement Disclosure • financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services; • the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale; • the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses; • a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks; • the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and • our ability to develop and execute effective business plans and strategies. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2019, 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. 3

3Q 2020 Results 120th Consecutive Quarter of Profitability Net income = $41.5 million or $0.42 per diluted share. Adjusted1 net income = $43.2 million or $0.44 per diluted share2 Return on average assets = 1.04%. Adjusted1 return on average assets = 1.09% Profitability Return on average shareholders’ equity = 7.40%. Adjusted1 return on average shareholders’ equity = 7.71% Return on average tangible common equity = 13.61%1. Adjusted1 return on average tangible common equity = 14.18% Net interest income = $112.2 million Net interest margin of 3.32% on a GAAP basis; 3.36% on a fully tax equivalent basis1 Noninterest income = $49.5 million Income Statement Noninterest expense = $97.5 million; $95.3 million1 as adjusted Efficiency ratio = 60.31%. Adjusted1 efficiency ratio = 58.95% Effective tax rate of 18.3%. Adjusted1 effective tax rate of 18.5% EOP assets increased $54.8 million compared to the linked quarter to $15.9 billion EOP loans increased $19.1 million compared to the linked quarter to $10.2 billion Balance Sheet Average deposits decreased $168.6 million compared to the linked quarter to $11.6 billion EOP investment securities increased $84.2 million compared to the linked quarter Provision expense = $13.4 million. Net charge-offs = $5.4 million. NCOs / Avg. Loans = 0.21% annualized Nonperforming Loans / Total Loans = 0.84%. Nonperforming Assets / Total Assets = 0.55% Asset Quality ACL / Nonaccrual Loans = 216.28%. Classified Assets / Total Assets = 0.84% ACL / Total loans = 1.65%; 1.81% of loans excluding PPP Total capital ratio = 15.37% Tier 1 common equity ratio = 11.63% Capital Tangible common equity ratio = 8.25%; 8.79% excluding PPP loans Tangible book value per share = $12.56 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 34 for Adjusted Earnings detail. 4

3Q 2020 Highlights Quarterly earnings impacted by elevated provision expense Adjusted1 earnings per share - $0.44 Adjusted1 return on assets – 1.09% Adjusted1 pre-tax, pre-provision return on assets – 1.67% Adjusted1 return on average tangible common equity – 14.18% Loan balances relatively flat; strong core deposit growth Loan balances increased $19.1 million compared to the linked quarter; 0.7% on an annualized basis; Average transactional deposit balances grew $434.5 million compared to the linked quarter; 19.0% on an annualized basis Noninterest bearing deposits were 30.7% of total deposits at September 30, 2020 Net interest margin (FTE) better than expected given decline in interest rates 8 bp decline driven by the previous Fed rate cuts; margin positively impacted by disciplined funding management and higher loan fees Net interest income grew $0.6 million during the quarter Strong fee income Mortgage banking revenue increased $1.9 million, or 11.6% Foreign exchange income of $10.5 million, representing a 60.1% increase from previous quarter Service charges increased $1.4 million, or 22.6% Core expenses in line with initial expectations, incentive compensation notwithstanding Adjusted1 noninterest expense of $95.3 million; adjusted for $0.1 million of COVID-19 related expenses and approximately $2.1 million of other non- recurring costs such as merger-related and branch consolidation costs $7.0 million of incremental incentive compensation/commissions $0.5 million contribution to First Financial Foundation Allowance for credit loss (ACL) and provision expense reflects COVID-19 impact on expected lifetime losses Adopted CECL as of January 1 Loans and leases - ACL of $168.5 million or 1.65% of total loans; $15.3 provision expense Unfunded Commitments - ACL of $14.8 million; $1.9 million provision recapture Strong Capital ratios and Liquidity Total capital of 15.37%; Tier 1 common equity of 11.63%; Tangible common equity of 8.25% Tangible book value increased by $0.30 to $12.56 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. 5

Adjusted Net Income1 The table below lists certain adjustments that the Company believes are significant to understanding its quarterly performance. 3Q 2020 2Q 2020 As Reported Adjusted As Reported Adjusted Net interest income$ 112,180 $ 112,180 $ 111,576 $ 111,576 Provision for credit losses-loans and leases$ 15,299 $ 15,299 $ 17,859 $ 17,859 Provision for credit losses-unfunded commitments$ (1,925) $ (1,925) $ 2,370 $ 2,370 Noninterest income$ 49,499 $ 49,499 $ 42,725 $ 42,725 less: gains (losses) on investment securities - 20 A - 128 A Total noninterest income$ 49,499 $ 49,479 $ 42,725 $ 42,597 Noninterest expense$ 97,511 $ 97,511 $ 88,689 $ 88,689 less: severance and merger-related expenses - 95 A - 35 A less: COVID-19 donations and costs - 115 A - 660 A less: other - 2,011 A - 1,507 A Total noninterest expense$ 97,511 $ 95,290 $ 88,689 $ 86,487 Income before income taxes$ 50,794 $ 52,995 $ 45,383 $ 47,457 Income tax expense$ 9,317 $ 9,317 $ 7,990 $ 7,990 plus: tax effect of adjustments (A) @ 21% statutory rate - 462 - 436 Total income tax expense$ 9,317 $ 9,779 $ 7,990 $ 8,426 Net income $ 41,477 $ 43,216 $ 37,393 $ 39,031 Net earnings per share - diluted$ 0.42 $ 0.44 $ 0.38 $ 0.40 Pre-tax, pre-provision return on average assets 1.61% 1.67% 1.68% 1.73% 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 6

Profitability Diluted EPS Return on Average Assets 1.54% $0.56  $0.52  1.41% $0.44  1.09% $0.40  1.00% $0.31  0.85% $0.51 $0.49 1.41% 1.34% $0.38 $0.42 $0.29 0.96% 1.04% 0.79% 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 1 1 Diluted EPS Adjusted EPS ROA Adjusted ROA Return on Avg Tangible Common Equity Efficiency Ratio 59.8% 59.9% 60.3% 17.67% 58.2% 57.5% 58.9% 16.73% 55.7% 56.4% 56.1% 13.47% 14.18% 52.0% 10.41% 16.15% 15.84% 12.90% 13.61% 9.71% 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 1 1 ROATCE Adjusted ROATCE Efficiency Ratio Adjusted 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. 7

Net Interest Income & Margin Net Interest Margin (FTE) 3.96% Net Interest Income 3.89% 3.77% 0.21% 0.21% 0.15% 0.16% 0.14% 0.10% 3.44% $121.5 3.36% $118.9 0.17% $6.8 $114.3 0.16% $6.7 $111.6 $112.2 0.18% $4.6 $4.9 0.23% $4.5 $3.1 $4.5 $6.2 $5.8 $5.4 3.60% 3.54% 3.51% $3.3 $3.8 3.09% 2.97% 3Q19 4Q19 1Q20 2Q20 3Q20 Basic Margin (FTE) Loan Fees Purchase Accounting 1 Includes impact of PPP 3Q20 NIM (FTE) Progression 2Q20 3.44% Asset yield / mix -0.19% 3Q19 4Q19 1Q20 2Q20 3Q20 Funding cost / mix 0.14% PPP Loan/Funding -0.03% Loan Fees Loan Accretion PPP Interest/Fees 3Q20 3.36% All dollars shown in millions 8

Average Balance Sheet Average Loans Average Deposits 0.80% 5.58% 5.33% 0.74% 5.04% 0.64% 4.25% 4.00% 0.40% 0.27% $10,253 $9,221 $10,002 $9,014 $9,149 $11,731 $11,563 $10,018 $10,222 $10,234 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Gross Loans Loan Yield (Gross)1 Total Deposits Cost of Deposits Average Securities 3.21% 3.16% 3.04% 2.97% 2.86% $3,291 $3,103 $3,116 $3,164 $3,163 3Q19 4Q19 1Q20 2Q20 3Q20 Average Investment Securities Investment Securities Yield All dollars shown in millions 1 Includes loans fees and purchase accounting accretion 9

Loan Portfolio Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) Total $10.2 Billion Franchise ICRE $88.0 $452  4% Oak Street Commercial ‐$0.7 Mortgage $609  $1,100  6% Small Business Banking ‐$27.6 11% PPP1 Consumer $886  Other Consumer ‐$1.6 $846  9% $74  8% 1% Mortgage ‐$7.8 Small Business  Oak Street ‐$16.9 Banking $998  10% Franchise ‐$10.7 PPP $0.8 Commercial ICRE Other ‐$4.4 $1,661  $3,575  16% 35% Total growth/(decline):    $19.1 million 1 Net of unearned fees of $24.2 million All dollars shown in millions 10

Deposits Deposit Product Mix (Avg) 3Q20 Average Deposit Progression Total $11.6 billion                                     Interest‐bearing demand $89.3 Public Funds Interest‐bearing  Noninterest‐bearing $179.1 $1,667  demand 14% $1,611  14% Brokered CDs Savings $62.0 $683  6% Money Markets $87.0 Retail CDs $1,234  Noninterest‐ Retail CDs 11% bearing ‐$84.6 $3,343  29% Brokered CDs ‐$503.9 Money Markets $1,986  17% Savings Public Funds $2.5 $1,039  9% Total growth/(decline):    ($168.6 million) All dollars shown in millions 11

Noninterest Income Noninterest Income 3Q20 Highlights Total fee income 30.6% of net revenue Total $49.5 million $18.6 million of gains from sales of Other  $3,837  loans; a $1.9 million, or 11.6%, increase 8% Service Charges $7,356  from 2Q20 15% $10.5 million of foreign exchange Wealth Mgmt $3,855  income; 60.1% increase from prior 8% Gains from  quarter sales of loans Bankcard $18,594  $3,124  38% 6% Service charges increased $1.4 million, or 22.6%, to $7.4 million Foreign  Client  Trust and wealth management fees of exchange  derivatives $3.9 million income $2,203  $10,530  4% 21% All dollars shown in thousands 12

Noninterest Expense Noninterest Expense 3Q20 Highlights Includes $0.1 million of COVID-19 Intangible  Total $97.5 million amortization related expenses $2,779  3% Professional  Other $2.1 million related to other non- services $12,420  $2,443  13% recurring expenses such as merger 3% related and branch consolidation costs Data processing $7.0 million of incremental incentive $6,837  compensation 7% $4.4 million related to improved Occupancy and  equipment operating results $9,263  Salaries and  9% benefits $2.6 million of commissions $63,769  65% directly related to mortgage and foreign exchange $0.5 million contribution to First Financial Foundation All dollars shown in thousands 13

Current Expected Credit Losses - Loans and Leases ACL/Total Loans 3Q20 Highlights $168.5 million, or 1.65% of loan balances; 1.81% 1.55% 1.56% 1.65%  excluding PPP 1.29% $168.5 $158.7 $15.3 million provision expense driven by expected $143.9 economic impact of COVID-19, partially offset by $119.2 0.62% 0.63% increase in prepayment rates $56.6 $57.7 Utilized final September Moody’s baseline forecast in quantitative model 1 1 1 3Q19 4Q19 1/1/2020 1Q20 2Q20 3Q20 $14.8 million ACL – unfunded commitments; $1.9 million provision recapture for this portion of the Allowance for Credit Losses ACL / Total Loans ACL due to increase in prepayment rates ACL by Loan Type Adoption Impact 12/31/2019 1/1/2020 3/31/2020 6/30/2020 9/30/2020 Loans $119.2 million, an increase of $61.5 million Commercial and industrial$           18,584 $        28,485 $        45,409 $        50,421 $        50,516 Lease financing                  971             1,089             1,494             1,431             1,287 from 12/31/19 Real estate ‐construction               2,381           13,960           13,511           15,357           18,970 Real estate ‐ commercial             23,579           47,697           53,155           62,340           72,207 Real estate ‐ residential               5,299           10,789           11,284           10,581             9,286 Day 1 increase driven by acquired loans and Home equity               4,787           13,217           14,827           14,236           12,530 life of loan expectations compared to the Installment                   392             1,193             1,238             1,226             1,237 incurred loss model Credit card               1,657             2,726             2,967             3,069             2,511 1 ACL‐loan and lease losses  $          57,650 $      119,155 $      143,885 $      158,661 $      168,544 1     ACL‐unfunded commitments  $               585 $        12,740 $        14,308 $        16,678 $        14,753 1 Beginning January 1, 2020, calculation is based on current expected credit loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology. All dollars shown in thousands 14

Asset Quality Classified Assets / Total Assets Nonperforming Assets / Total Assets 0.92% 0.83% 0.79% 0.84% 0.56% 0.55% 0.42% 0.48% 0.49% 0.62% $132.5 $134.0 $124.5 $125.5 $87.3 $80.8 $78.1 $72.2 $89.3 $61.6 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Classified Assets Classified Assets / Total Assets NPAs NPAs / Total Assets Net Charge Offs & Provision Expense2 $25.4 0.45% $20.2 $13.4 0.15% 0.21% $10.2 0.12% $5.0 $3.1 $5.4 $3.5 $4.8 ‐0.04% ‐$0.9 1 1 1 3Q19 4Q19 1Q20 2Q20 3Q20 NCOs Provision Expense NCOs / Average Loans 1 Beginning January 1,2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on the incurred loss methodology. 2 Provision includes both loans & leases and unfunded commitments All dollars shown in millions 15

Capital Tier 1 Common Equity Ratio Tier 1 Capital Ratio 11.27% 11.52% 11.30% 11.49% 11.63% 11.91% 11.69% 11.66% 11.87% 12.02% 7.00% 8.50% 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Tier 1 Common Equity Ratio Basel III minimum Tier 1 Capital Ratio Basel III minimum Total Capital Ratio Tangible Common Equity Ratio 15.19% 15.37% 9.17% 9.07% 13.62% 13.39% 13.54% 8.25% 8.09% 8.25% 10.50% 1 2 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Tangible Common Equity Ratio Total Capital Ratio Basel III minimum 9/30 Risk Weighted Assets = $11,119,560 1 Decline related to adoption of CECL during the quarter 2 Increased 165 basis points due to sub-debt issuance in beginning of second quarter All capital numbers are considered preliminary. 16

Capital Strategy Tangible Book Value Per Share Strategy & Deployment 7.7% annualized dividend yield $12.56  August 2020 stress testing indicates $12.33  $12.42  $12.26  capital ratios above regulatory $11.821 minimums in all modeled scenarios Dividend payout ratio to remain elevated in near-term, but is subject to change based on economic conditions and the Company’s financial performance 3Q19 4Q19 1Q20 2Q20 3Q20 No shares repurchased in third quarter; 1 suspended share buybacks on March th Tangible Book Value per Share 13 1 Decline related to adoption of CECL during the quarter 17

COVID – 19 Related Information

Loan Concentrations C&I Loans by Industry 1 CRE Loans by Collateral 2 C&I Loans: $4.4B CRE Loans: $3.9B Strip Center Accommodation  6% Office & Food Services 14% 13% Real Estate Manufacturing Hotel/Motel 10% 14% 11% Nursing/Assisted  Living 5% Health Care Retail 7% 17% Residential, 1‐4  Finance &  Family Construction Insurance 3% 6% 16% Restaurant 3% Industrial Facility Professional &  3% Tech Residential, Multi  Other 5% Other Family 5+ 15% 15% Retail Trade 23% 5% Other Services Wholesale Trade 5% 4% 1 Industry types included in Other representing greater than 1% of total C&I loans include Agriculture, Transportation & Warehousing, Public Administration, Arts & Recreation, Waste Management, Educational Services, and Management of Companies & Enterprises. Includes owner- occupied CRE. 2 Collateral types included in Other representing greater than 1% of total CRE loans include Warehouse, Medical Office, Student Housing, Real Estate IUB Other, and Vacant Land Not Held for Development. 19

Loan Portfolio - Areas of Focus Loans (EOP) Areas of Focus Total $10.2 Billion Franchise Asset classes with areas of focus $452  5% Hotels PPP: $910 million in balances or 9% $431  4% of total loans Retail ICRE $831  Franchise: $452 million in balances, 8% All other loans or 5% of total loans $7,577  74% PPP $910  9% Hotels: $431 million in balances, or 4% of total loans Retail CRE: $831 million in balances, or 8% of total loans All dollars shown in millions 20

Area of Focus – Paycheck Protection Program $910 million, or 9% of the total PPP Portfolio by Division portfolio; $24.2 million of unearned Total $910.3  fees as of September 30 Commercial  Finance $64.8 Forgiveness portal opened as of Consumer  7% Banking ICRE 8/31/20 $408.9 $26 45% 3% As of 9/30/20, the Bank has submitted applications for reimbursement with the SBA Commercial $410.6 totaling $74 million of loan balances 45% As of 9/30/20, $4.3 million of loans have received approval from SBA for PPP Portfolio Top 5 Industries reimbursement $200 800 $180 700 $160 600 $140 $120 500 $100 400 Balances  $80 300 $60 200 Number or Loans $40 $20 100 $0 0 Manufacturing Profess, Scientific, Construction Health Care Social Accomm. & Food & Tech Services Asst Services Balances Number of Loans All dollars shown in millions 21

Area of Focus - Franchise Portfolio $452 million in balances or 5% of Top 10 Concepts total loans $100 25.0% $90 $80 20.0% 89% of portfolio was pass rated as $70 $60 15.0% of 9/30 $50 $40 10.0% Balances  $30 % of  Portfolio $91 million has moved into a Round $20 5.0% $10 2 deferral with 81% paying interest- $0 0.0% only Balances % of Portfolio Restaurant Type Geography Sit Down Ohio $149  33% Georgia New Mexico New Jersey North Carolina Drive Thru Virginia $114  25% Delivery Florida $189  42% Texas California 0% 5% 10% 15% 20% 25% All dollars shown in millions 22

Area of Focus - Hotel Portfolio $431 million balance represents 4% of Hotels by Flag the total loan portfolio $68  16% $326 million has moved into a Round 2 $32  7% deferral with 74% receiving full P&I relief $157  36% $41  93% of portfolio was pass rated as of 10% 9/30 The overall health of the hotel portfolio $133  was strong pre-COVID 19 with an 31% average LTV of 63% and DSC of 1.58x. Marriott Hilton IHG Choice Other 76% of the overall hotel portfolio is located within footprint, concentrated in Hotels by Type Midwest Metro markets $67  Overall we have little exposure to large 16% $58  convention center hotels or fly-to-leisure 13% $69  destinations 16% $48  11% $189  44% Leisure/Business Convention/Business Event Based College Location Business All dollars shown in millions 23

Area of Focus - ICRE Retail $831 million, or 8% of the total State portfolio $300 $250 96% or $481 million of deferral balances have returned to a $200 normal payment schedule $150 $100 67% of the overall Retail $50 portfolio is located within $0 footprint OH IN KY NY SC NC NE IL MD WV 2019 data (pre-COVID 19) indicates the portfolio has an Retail Properties >$3 million average LTV of 67% $300 Bank has focused on strong $250 locations with adequately $200 capitalized sponsors. $150 $100 $50 $0 Power Anchored Unanchored Other Single Lifestyle Center Strip Strip Tenant Center All dollars shown in millions 24

Deferral Portfolio Reporting September 30, 2020

Round 1 Deferrals $2.2 billion of loans received an Round 1 Deferrals by loan type initial deferral Total $2.2 Billion Mortgage Round 1 deferrals universally C&I $102  granted $826  5% 37% Approximately 20% of entire loan Consumer $29  portfolio received an initial deferral 1% $1.3 billion, or 57%, of initial deferrals were ICRE ICRE $2.1 billion, or 96%, of the $2.2 $1,257  billion deferral portfolio has exited 57% Round 1 $1.5 billion, or 70%, has returned to Round 1 Deferral Status as of 9/30/2020 a normal payment schedule $631 million, or 30%, has moved Round 1 Deferral Round 1 deferral Loan Type Round 1 Deferral Expired not yet expired into Round 2 ICRE $ 1,256,663 $ 1,229,093 $ 27,570 $85 million, or 4%, of Round 1 C&I 825,623 784,650 40,973 deferrals yet to expire Mortgage 101,603 95,004 6,599 Consumer 29,481 19,867 9,615 Total Deferral Portfolio $ 2,213,370 $ 2,128,613 $ 84,757 All dollars shown in millions 26

Round 2 Deferrals Round 2 Deferrals $2.1 billion, or 96%, of the $2.2 Total $631.2 Million billion deferral portfolio has exited Mortgage Round 1 C&I $ 12,511  $ 183,842  2% $1.5 billion, or 70%, has returned to a 29% Consumer normal payment schedule $ 1,547  $631 million, or 6.2% of total loans, 0% has moved into Round 2 ICRE Round 2 deferrals – 6.2% of total $ 433,294  loans 69% Granted on a case by case basis Relationship managers performed enhanced due diligence of borrower Deferral Status as of 9/30/2020 operations, financial condition, liquidity and cash flow during the deferral period Round 1 Deferral Round 1 Deferral Returned to Normal Round 2 Deferral 69% of Round 2 deferrals for ICRE Loan Type Expired Payment Schedule Granted borrowers ICRE$ 1,229,093 $ 795,799 $ 433,294 $185 million, or 29%, of Round 2 C&I 784,650 600,808 183,842 deferrals are making interest only Mortgage 95,004 82,493 12,511 payments Consumer 19,867 18,320 1,547 Total Deferral Portfolio $ 2,128,613 $ 1,497,419 $ 631,194 All dollars shown in millions 27

Areas of Focus - Round 1 Deferrals Franchise Round 1 Deferrals $284 million, or 63%, of total franchise portfolio, Total $2.2 Billion secured a Round 1 deferral Other $177 million, or 66%, of $1,052  expired Round 1 deferrals 47% have returned to a normal payment schedule Franchise $284  13% Hotel Retail Hotel $505  $372  $372 million, or 17%, of 23% total Round 1 deferrals 17% $25 million, or 7%, have returned to normal payment schedule Deferral Status as of 9/30/2020 ICRE Retail Round 1 $505 million, or 61%, of Deferrals total ICRE Retail portfolio, Round 1 Returned to Round 2 secured a Round 1 deferral Round 1 Deferrals Normal Payment Deferrals $481 million, or 96%, of Area of Focus Deferrals Expired Schedule Granted expired Round 1 deferrals Franchise$ 284,306 $ 267,760 $ 176,843 $ 90,917 have returned to a normal Hotel 371,897 371,897 24,605 347,292 payment schedule ICRE 504,759 500,857 481,321 19,536 Total - Areas of Focus $ 1,160,962 $ 1,140,514 $ 682,769 $ 457,745 All dollars shown in millions 28

Areas of Focus - Round 2 Deferrals Franchise Continued stress in sit-down concepts Round 2 Deferrals 81% of second deferrals making interest only Total $631.2 Million payments Other Hotel $173  Slowly improving occupancy rates (25-45%) Franchise 28% $91  Retail 93% of initial deferrals have been granted a second 14% deferral $20  25% of second deferrals are making interest only 3% payments; 75% of second deferrals granted full P&I relief Hotel ICRE Retail $347  $20 million, or 4%, of initial deferrals granted a 55% second Round 2 Deferral Status as of 9/30/2020 Type of Round 2 Deferral – Areas of Focus Round 2 Total $457.7 Million Round 2 Deferrals with Round 2 Full Deferrals Interest Only Payment Full Payment  Area of Focus Granted Payments Deferrals Deferral Franchise$ 90,917 $ 73,372 $ 17,545 $291  64% Hotel 347,292 85,986 261,306 ICRE 19,536 6,900 12,636 Total - Areas of Focus $ 457,745 $ 166,258 $ 291,487 Interest Only  Payment $166  36% All dollars shown in millions 29

Outlook Commentary1 Loan growth expected to be in low single digits, excluding impact of PPP Balance Sheet Deposit balances expected to remain elevated in near-term Expected to be positively impacted by PPP forgiveness Net Interest Margin Under slight pressure given low interest rate environment Credit Provision expense expected to moderately decline Continued strong mortgage originations, with seasonal declines in volume and lower premiums expected Noninterest income Gradually improving service charge and interchange revenues Foreign exchange income expected to be consistent with third quarter 4Q noninterest expense expected to decline approximately 5% due to lower incentive compensation Noninterest Expense Near-term pause in discretionary expenditures and significant investments except where critical 1 See Forward Looking Statement Disclosure on page 2-3 of this presentation for a discussion of factors that could affect management’s expectations and results in future periods. 30

Appendix: Non-GAAP Measures The Company’s Investor Presentation contains 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 31

Appendix: Non-GAAP to GAAP Reconciliation Net interest income and net interest margin - fully tax equivalent Three months ended Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, 2020 2020 2020 2019 2019 Net interest income $ 112,180 $ 111,576 $ 114,282 $ 118,902 $ 121,535 Tax equivalent adjustment 1,628 1,664 1,624 1,630 1,759 Net interest income - tax equivalent$ 113,808 $ 113,240 $ 115,906 $ 120,532 $ 123,294 Average earning assets $ 13,456,501 $ 13,258,612 $ 12,375,698 $ 12,288,761 $ 12,343,327 Net interest margin1 3.32 % 3.38 % 3.71 % 3.84 % 3.91 % Net interest margin (fully tax equivalent)1 3.36 % 3.44 % 3.77 % 3.89 % 3.96 % 1 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. 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 32

Appendix: Non-GAAP to GAAP Reconciliation Additional non-GAAP ratios Three months ended Sep. 30, June 30, Mar. 31, Dec. 31, Sep. 30, (Dollars in thousands, except per share data) 2020 2020 2020 2019 2019 Net income (a) $ 41,477 $ 37,393 $ 28,628 $ 48,677 $ 50,856 Average total shareholders' equity 2,230,422 2,185,865 2,209,733 2,245,107 2,210,327 Less: Goodw ill (937,771) (937,771) (937,771) (937,710) (899,888) Other intangibles (69,169) (72,086) (75,014) (78,190) (51,365) MSR's (11,274) (10,254) (10,608) (10,367) (10,118) Average tangible equity (b) 1,212,208 1,165,754 1,186,340 1,218,840 1,248,956 Total shareholders' equity 2,247,815 2,221,019 2,179,383 2,247,705 2,261,313 Less: Goodw ill (937,771) (937,771) (937,771) (937,771) (937,689) Other intangibles (67,419) (70,325) (73,258) (76,201) (79,506) MSR's (12,011) (11,250) (10,278) (10,650) (10,293) Ending tangible equity (c) 1,230,614 1,201,673 1,158,076 1,223,083 1,233,825 Total assets 15,925,647 15,870,890 15,057,567 14,511,625 14,480,445 Less: Goodw ill (937,771) (937,771) (937,771) (937,771) (937,689) Other intangibles (67,419) (70,325) (73,258) (76,201) (79,506) MSR's (12,011) (11,250) (10,278) (10,650) (10,293) Ending tangible assets (d) 14,908,446 14,851,544 14,036,260 13,487,003 13,452,957 Risk-w eighted assets (e) 11,119,560 11,034,570 11,027,347 11,023,795 10,883,554 Total average assets 15,842,010 15,710,204 14,524,422 14,460,288 14,320,514 Less: Goodw ill (937,771) (937,771) (937,771) (937,710) (899,888) Other intangibles (69,169) (72,086) (75,014) (78,190) (51,365) MSR's (11,274) (10,254) (10,608) (10,367) (10,118) Average tangible assets (f)$ 14,823,796 $ 14,690,093 $ 13,501,029 $ 13,434,021 $ 13,359,143 Ending shares outstanding (g) 97,999,763 98,018,858 97,968,958 98,490,998 100,094,819 Ratios Return on average tangible shareholders' equity (a)/(b) 13.61% 12.90% 9.71% 15.84% 16.15% Ending tangible equity as a percent of: Ending tangible assets (c)/(d) 8.25% 8.09% 8.25% 9.07% 9.17% Risk-w eighted assets (c)/(e) 11.07% 10.89% 10.50% 11.09% 11.34% Average tangible equity as a percent of average tangible assets (b)/(f) 8.18% 7.94% 8.79% 9.07% 9.35% Tangible book value per share (c)/(g)$ 12.56 $ 12.26 $ 11.82 $ 12.42 $ 12.33 All dollars shown in thousands 33

Appendix: Non-GAAP to GAAP Reconciliation Additional non-GAAP measures 3Q20 2Q20 1Q20 4Q19 3Q19 (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)$ 112,180 $ 112,180 $ 111,576 $ 111,576 $ 114,282 $ 114,282 $ 118,902 $ 118,902 $ 121,535 $ 121,535 Provision for credit losses-loans and leases (j) 15,299 15,299 17,859 17,859 23,880 23,880 4,629 4,629 5,228 5,228 Provision for credit losses-unfunded commitments (j) (1,925) (1,925) 2,370 2,370 1,568 1,568 Noninterest income 49,499 49,499 42,725 42,725 35,384 35,384 36,768 36,768 33,140 33,140 less: gains (losses) on sale of investment securities 20 128 (157) (56) 208 Total noninterest income (g) 49,499 49,479 42,725 42,597 35,384 35,541 36,768 36,824 33,140 32,932 Noninterest expense 97,511 97,511 88,689 88,689 89,666 89,666 93,064 93,064 86,226 86,226 less: severance and merger-related expenses 95 35 329 693 5,192 less: historic tax credit write-down @ 21% 2,862 less: COVID-19 costs 115 660 1,011 less: other 2,011 1,507 1,139 1,740 711 Total noninterest expense (e) 97,511 95,290 88,689 86,487 89,666 87,187 93,064 87,769 86,226 80,323 Income before income taxes (i) 50,794 52,995 45,383 47,457 34,552 37,188 57,977 63,328 63,221 68,916 Income tax expense 9,317 9,317 7,990 7,990 5,924 5,924 9,300 9,300 12,365 12,365 plus: tax effect of adjustments 462 436 554 377 926 plus: after-tax impact of historic tax credit write-down @ 35% 2,261 Total income tax expense (h) 9,317 9,779 7,990 8,426 5,924 6,478 9,300 11,938 12,365 13,291 Net income (a)$ 41,477 $ 43,216 $ 37,393 $ 39,031 $ 28,628 $ 30,710 $ 48,677 $ 51,390 $ 50,856 $ 55,625 Average diluted shares (b) 98,009 98,009 97,989 97,989 98,356 98,356 99,232 99,232 99,078 99,078 Average assets (c) 15,842,010 15,842,010 15,710,204 15,710,204 14,524,422 14,524,422 14,460,288 14,460,288 14,320,514 14,320,514 Average shareholders' equity 2,230,422 2,230,422 2,185,865 2,185,865 2,209,733 2,209,733 2,245,107 2,245,107 2,210,327 2,210,327 Less: Goodwill and other intangibles (1,018,214) (1,018,214) (1,020,111) (1,020,111) (1,023,393) (1,023,393) (1,026,267) (1,026,267) (961,371) (961,371) Average tangible equity (d) 1,212,208 1,212,208 1,165,754 1,165,754 1,186,340 1,186,340 1,218,840 1,218,840 1,248,956 1,248,956 Ratios Net earnings per share - diluted (a)/(b) $ 0.42 $ 0.44 $ 0.38 $ 0.40 $ 0.29 $ 0.31 $ 0.49 $ 0.52 $ 0.51 $ 0.56 Return on average assets - (a)/(c) 1.04% 1.09% 0.96% 1.00% 0.79% 0.85% 1.34% 1.41% 1.41% 1.54% Pre-tax, pre-provision return on average assets - ((a)+(j)+(h))/(c) 1.61% 1.67% 1.68% 1.73% 1.66% 1.73% 1.72% 1.86% 1.90% 2.05% Return on average tangible shareholders' equity - (a)/(d) 13.61% 14.18% 12.90% 13.47% 9.71% 10.41% 15.84% 16.73% 16.15% 17.67% Efficiency ratio - (e)/((f)+(g)) 60.3% 58.9% 57.5% 56.1% 59.9% 58.2% 59.8% 56.4% 55.7% 52.0% Effective tax rate - (h)/(i) 18.3% 18.5% 17.6% 17.8% 17.1% 17.4% 16.0% 18.9% 19.6% 19.3% 34

First Financial Bank First Financial Center 225 East Fifth Street Suite 800 Cincinnati, OH 45202-4248 35

XML

Document and Entity Information Document	Oct. 22, 2020
Cover [Abstract]
Document Type	8-K
Document Period End Date	Oct. 22, 2020
Entity Registrant Name	FIRST FINANCIAL BANCORP.
Entity Incorporation, State or Country Code	OH
Entity File Number	001-34762
Entity Tax Identification Number	31-1042001
Entity Address, Address Line One	255 East Fifth Street, Suite 800
Entity Address, City or Town	Cincinnati,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	877
Local Phone Number	322-9530
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000708955
Amendment Flag	false
NASDAQ/NMS (GLOBAL MARKET) [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Common stock, No par value
Trading Symbol	FFBC
Security Exchange Name	NASDAQ