Attached files
| file | filename |
|---|---|
| 8-K - 8-K - FIRST FINANCIAL BANCORP /OH/ | v419118_8k.htm |
| EX-4.1 - EXHIBIT 4.1 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex4-1.htm |
| EX-4.2 - EXHIBIT 4.2 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex4-2.htm |
| EX-1.1 - EXHIBIT 1.1 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex1-1.htm |
| EX-5.1 - EXHIBIT 5.1 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex5-1.htm |
| EX-99.2 - EXHIBIT 99.2 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex99-2.htm |
| EX-99.1 - EXHIBIT 99.1 - FIRST FINANCIAL BANCORP /OH/ | v419118_ex99-1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| Six Months Ended June 30, |
Year ended December 31, | |||||||||||||||||||||||||||
| 2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
| Computation of Earnings | ||||||||||||||||||||||||||||
| Net income | $ | 36,570 | $ | 31,057 | $ | 65,000 | $ | 48,349 | $ | 67,303 | $ | 66,739 | $ | 59,251 | ||||||||||||||
| Add: Income tax expense | 17,734 | 15,042 | 30,028 | 19,234 | 36,442 | 38,300 | 32,702 | |||||||||||||||||||||
| Income from continuing operations before income taxes | 54,304 | 46,099 | 95,028 | 67,583 | 103,745 | 105,039 | 91,953 | |||||||||||||||||||||
| Fixed charges, excluding interest on deposits | 1,151 | 1,670 | 3,081 | 3,641 | 2,964 | 4,140 | 9,656 | |||||||||||||||||||||
| Total earnings for computation, excluding interest on deposits | 55,455 | 47,769 | 98,109 | 71,224 | 106,709 | 109,179 | 101,609 | |||||||||||||||||||||
| Interest on deposits | 9,441 | 6,922 | 16,153 | 13,247 | 24,625 | 40,781 | 58,336 | |||||||||||||||||||||
| Total earnings for computation, including interest on deposits | $ | 64,896 | $ | 54,691 | $ | 114,262 | $ | 84,471 | $ | 131,334 | $ | 149,960 | $ | 159,945 | ||||||||||||||
| Computation of Fixed Charges | ||||||||||||||||||||||||||||
| Portion of rental expense deemed representative of interest * | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||
| Interest on short-term borrowed funds | 556 | 621 | 1,268 | 1,177 | 262 | 163 | 94 | |||||||||||||||||||||
| Interest on long-term borrowed funds | 595 | 1,049 | 1,813 | 2,464 | 2,702 | 3,977 | 9,562 | |||||||||||||||||||||
| Total fixed charges, excluding interest on deposits | 1,151 | 1,670 | 3,081 | 3,641 | 2,964 | 4,140 | 9,656 | |||||||||||||||||||||
| Interest on deposits | 9,441 | 6,922 | 16,153 | 13,247 | 24,625 | 40,781 | 58,336 | |||||||||||||||||||||
| Total fixed charges, including interest on deposits | $ | 10,592 | $ | 8,592 | $ | 19,234 | $ | 16,888 | $ | 27,589 | $ | 44,921 | $ | 67,992 | ||||||||||||||
| Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
| Excluding deposit interest | 48.18 | 28.60 | 31.84 | 19.56 | 36.00 | 26.37 | 10.52 | |||||||||||||||||||||
| Including deposit interest | 6.13 | 6.37 | 5.94 | 5.00 | 4.76 | 3.34 | 2.35 | |||||||||||||||||||||
* All of First Financial Bancorp's leases are operating; none are capitalized.