FIRST FINANCIAL BANCORP /OH/ - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - 8-K - FIRST FINANCIAL BANCORP /OH/	a8kearningsrelease2q16.htm

EXHIBIT 99.1

First Financial Bancorp Reports Second Quarter 2016 Financial Results

Net Income Increases 14% from First Quarter 2016

Cincinnati, Ohio - July 21, 2016 - First Financial Bancorp (Nasdaq: FFBC) (“First Financial” or the “Company”) announced financial results for the second quarter 2016. For the three months ended June 30, 2016, the Company reported net income of $22.6 million, or $0.36 per diluted common share. These results compare to net income of $19.8 million, or $0.32 per diluted common share, for the first quarter of 2016 and $18.9 million, or $0.31 per diluted common share, for the second quarter of 2015.

Return on average assets for the second quarter of 2016 was 1.11% while return on average tangible common equity was 14.49%. These compare to a return on average assets of 0.98% and return on average tangible common equity of 13.06% in the first quarter of 2016 and a return on average assets of 1.05% and a return on average tangible common equity of 11.60% in the second quarter of 2015.

Second quarter highlights include:


•	Loan balances increased $196.6 million, or 14.4% on an annualized basis, from the linked quarter


•	Stable net interest margin of 3.61%; 3.67% on a fully tax equivalent basis


•	Other noninterest income included $2.4 million of previously unrealized income from the redemption of a limited partnership investment and $0.2 million in losses on sales of investment securities


•	Other noninterest expense included $0.2 million of expenses related to branch consolidation activities


•	Emphasis on expense management reflected in 56.6% efficiency ratio for the quarter


•	Provision expense increased $2.4 million as a result of strong loan growth and a moderate increase in classified assets

Claude Davis, Chief Executive Officer, commented, “We are pleased with another strong quarter of results, which produced our 103^rdconsecutive quarter of profitability. Strong demand in our metropolitan markets and our specialty finance business resulted in loan growth of 14.4% on an annualized basis during the quarter."

“In addition to strong loan growth during the period, our results reflect a stable net interest margin, disciplined expense management and a steady credit outlook. As we look forward, we remain focused on executing our strategy and raising the performance level of the Company.”

The format of this release announcing our second quarter financial results was updated to include an accompanying slide presentation. Management intends to make reference to the accompanying slides during the earnings conference call on Friday, July 22, 2016.

Teleconference / Webcast Information

First Financial’s executive management will host a conference call to discuss the Company’s financial and operating results on Friday, July 22, 2016 at 8:30 a.m. Eastern Standard 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 10084369. The webcast will be archived on the Investor Relations section of the Company’s website for 12 months.

Press Release and Additional Information on Website

This press release as well as supplemental information and any non-GAAP reconciliations related to this release is available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.

About First Financial Bancorp

First Financial Bancorp is a Cincinnati, Ohio based bank holding company. As of June 30, 2016, the Company had $8.3 billion in assets, $5.7 billion in loans, $6.1 billion in deposits and $846.7 million in shareholders’ equity. The Company’s subsidiary, First Financial Bank, N.A., founded in 1863, provides banking and financial services products through its five lines of business: commercial, consumer, wealth management, specialty finance and mortgage. The commercial, consumer, specialty finance and mortgage units provide traditional banking services to business and retail clients. First Financial Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $2.4 billion in assets under management as of June 30, 2016. The Company’s strategic operating markets are located in Ohio, Indiana and Kentucky where it operates 101 banking centers. Additional information about the Company, including its products, services and banking locations is available at www.bankatfirst.com.

Forward-Looking Statement

Certain statements contained in this release which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Examples of forward-looking statements include, but are not limited to, projections of revenues, income or loss, earnings or loss per share, the payment or non-payment of dividends, capital structure and other financial items, statements of plans and objectives of First Financial or its management or board of directors and statements of future economic performances and statements of assumptions underlying such statements. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” ‘‘intends,’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Management’s analysis contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, such performance involves risks and uncertainties that may cause actual results to differ materially. These factors include, but are not limited to: economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business; the effect of and changes in policies and laws or regulatory agencies (notably the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act); management’s ability to effectively execute its business plan; mergers and acquisitions, including costs or difficulties related to the integration of acquired companies; the Company’s ability to comply with the terms of loss sharing agreements with the FDIC; the effect of changes in accounting policies and practices; and the costs and effects of litigation and of unexpected or adverse outcomes in such litigation. Please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, as well as its other filings with the SEC, for a more detailed discussion of these risks, uncertainties and other factors that could cause actual results to differ from those discussed in the forward-looking statements. Such forward-looking statements are meaningful only on the date when such statements are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such a statement is made to reflect the occurrence of unanticipated events.

Contact Information

Investors/Analysts Media

John Gavigan Adam Kiefaber

Chief Financial Officer Media Relations

(513) 887-5400 (513) 979-5735

InvestorRelations@bankatfirst.com adam.kiefaber@bankatfirst.com

Selected Financial Information

June 30, 2016

(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,															Six months ended,
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,
	2016			2016			2015			2015			2015			2016			2015
RESULTS OF OPERATIONS
Net income	$	22,568		$	19,814		$	19,820		$	18,673		$	18,949		$	42,382		$	36,570
Net earnings per share - basic	$	0.37		$	0.32		$	0.33		$	0.31		$	0.31		$	0.69		$	0.60
Net earnings per share - diluted	$	0.36		$	0.32		$	0.32		$	0.30		$	0.31		$	0.68		$	0.59
Dividends declared per share	$	0.16		$	0.16		$	0.16		$	0.16		$	0.16		$	0.32		$	0.32

KEY FINANCIAL RATIOS
Return on average assets	1.11		%	0.98		%	0.99		%	0.97		%	1.05		%	1.04		%	1.02		%
Return on average shareholders' equity	10.84		%	9.70		%	9.62		%	9.12		%	9.49		%	10.27		%	9.28		%
Return on average tangible shareholders' equity	14.49		%	13.06		%	12.98		%	12.33		%	11.60		%	13.78		%	11.36		%

Net interest margin	3.61		%	3.62		%	3.63		%	3.61		%	3.56		%	3.62		%	3.58		%
Net interest margin (fully tax equivalent) ⁽¹⁾	3.67		%	3.68		%	3.69		%	3.67		%	3.62		%	3.67		%	3.64		%

Ending shareholders' equity as a percent of ending assets	10.19		%	10.09		%	9.93		%	10.32		%	10.87		%	10.19		%	10.87		%
Ending tangible shareholders' equity as a percent of:
Ending tangible assets	7.85		%	7.71		%	7.53		%	7.84		%	9.08		%	7.85		%	9.08		%
Risk-weighted assets	9.51		%	9.49		%	9.47		%	9.90		%	11.63		%	9.51		%	11.63		%

Average shareholders' equity as a percent of average assets	10.21		%	10.12		%	10.29		%	10.67		%	11.05		%	10.16		%	11.00		%
Average tangible shareholders' equity as a percent of
average tangible assets	7.83		%	7.71		%	7.83		%	8.12		%	9.23		%	7.78		%	9.17		%

Book value per share	$	13.67		$	13.36		$	13.13		$	13.17		$	13.00		$	13.67		$	13.00
Tangible book value per share	$	10.26		$	9.94		$	9.69		$	9.74		$	10.65		$	10.26		$	10.65

Common equity tier 1 ratio ⁽²⁾	10.07		%	10.16		%	10.28		%	10.51		%	12.34		%	10.07		%	12.34		%
Tier 1 ratio ⁽²⁾	10.07		%	10.16		%	10.29		%	10.52		%	12.35		%	10.07		%	12.35		%
Total capital ratio ⁽²⁾	12.70		%	12.84		%	13.04		%	13.37		%	13.31		%	12.70		%	13.31		%
Leverage ratio ⁽²⁾	8.38		%	8.27		%	8.33		%	8.58		%	9.77		%	8.38		%	9.77		%

AVERAGE BALANCE SHEET ITEMS
Loans ⁽³⁾	$	5,569,080		$	5,417,812		$	5,248,465		$	5,032,708		$	4,793,471		$	5,493,446		$	4,782,134
FDIC indemnification asset	15,404			17,138			18,437			19,848			20,744			16,271			21,424
Investment securities	1,869,540			1,938,772			1,934,173			1,848,083			1,782,785			1,904,156			1,772,759
Interest-bearing deposits with other banks	21,687			24,291			18,920			37,468			19,960			22,989			20,604
Total earning assets	$	7,475,711		$	7,398,013		$	7,219,995		$	6,938,107		$	6,616,960		$	7,436,862		$	6,596,921
Total assets	$	8,203,837		$	8,118,945		$	7,950,278		$	7,611,389		$	7,243,886		$	8,161,391		$	7,222,717
Noninterest-bearing deposits	$	1,441,068		$	1,386,768		$	1,402,283		$	1,344,049		$	1,325,485		$	1,413,918		$	1,305,885
Interest-bearing deposits	4,867,439			4,749,253			4,845,056			4,615,886			4,446,248			4,808,346			4,404,121
Total deposits	$	6,308,507		$	6,136,021		$	6,247,339		$	5,959,935		$	5,771,733		$	6,222,264		$	5,710,006
Borrowings	$	965,951		$	1,065,739		$	763,408		$	746,706		$	587,225		$	1,015,845		$	638,832
Shareholders' equity	$	837,412		$	821,588		$	817,756		$	812,396		$	800,598		$	829,500		$	794,588

CREDIT QUALITY RATIOS
Allowance to ending loans	0.99		%	0.98		%	0.99		%	1.02		%	1.09		%	0.99		%	1.09		%
Allowance to nonaccrual loans	254.56		%	244.16		%	190.73		%	149.33		%	133.28		%	254.56		%	133.28		%
Allowance to nonperforming loans	112.74		%	103.07		%	93.89		%	95.34		%	88.49		%	112.74		%	88.49		%
Nonperforming loans to total loans	0.88		%	0.95		%	1.06		%	1.07		%	1.23		%	0.88		%	1.23		%
Nonperforming assets to ending loans, plus OREO	1.04		%	1.16		%	1.30		%	1.36		%	1.56		%	1.04		%	1.56		%
Nonperforming assets to total assets	0.72		%	0.78		%	0.86		%	0.90		%	1.03		%	0.72		%	1.03		%
Net charge-offs to average loans (annualized)	0.08		%	0.10		%	0.14		%	0.17		%	0.27		%	0.09		%	0.23		%

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 35% tax rate. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully tax equivalent basis. Therefore, management believes, these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.

(2) June 30, 2016 regulatory capital ratios are preliminary.

(3) Includes loans held for sale.



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

	Three months ended,								Six months ended,
	Jun. 30,								Jun. 30,
	2016			2015			% Change		2016			2015			% Change
Interest income
Loans, including fees	$	64,424		$	54,586		18.0	%	$	127,823		$	109,050		17.2	%
Investment securities
Taxable	10,706			9,281			15.4	%	22,079			18,889			16.9	%
Tax-exempt	1,156			1,139			1.5	%	2,318			2,256			2.7	%
Total investment securities interest	11,862			10,420			13.8	%	24,397			21,145			15.4	%
Other earning assets	(1,103		)	(1,162		)	5.1	%	(2,242		)	(2,343		)	(4.3	)%
Total interest income	75,183			63,844			17.8	%	149,978			127,852			17.3	%

Interest expense
Deposits	5,457			4,621			18.1	%	10,987			9,441			16.4	%
Short-term borrowings	1,053			253			316.2	%	2,223			556			299.8	%
Long-term borrowings	1,541			296			420.6	%	3,081			595			417.8	%
Total interest expense	8,051			5,170			55.7	%	16,291			10,592			53.8	%
Net interest income	67,132			58,674			14.4	%	133,687			117,260			14.0	%
Provision for loan and lease losses	4,037			3,070			31.5	%	5,692			5,130			11.0	%
Net interest income after provision for loan and lease losses	63,095			55,604			13.5	%	127,995			112,130			14.1	%

Noninterest income
Service charges on deposit accounts	4,455			4,803			(7.2	)%	8,836			9,326			(5.3	)%
Trust and wealth management fees	3,283			3,274			0.3	%	6,723			6,908			(2.7	)%
Bankcard income	3,130			2,972			5.3	%	6,012			5,592			7.5	%
Client derivative fees	1,799			878			104.9	%	2,894			1,840			57.3	%
Net gains from sales of loans	1,846			1,924			(4.1	)%	3,027			3,388			(10.7	)%
Net gain on sale of investment securities	(188		)	1,094			(117.2	)%	(164		)	1,094			(115.0	)%
FDIC loss sharing income	59			(304		)	(119.4	)%	(506		)	(1,350		)	(62.5	)%
Accelerated discount on covered / formerly covered loans	1,191			4,094			(70.9	)%	2,162			6,186			(65.1	)%
Other	4,619			2,680			72.4	%	6,722			6,044			11.2	%
Total noninterest income	20,194			21,415			(5.7	)%	35,706			39,028			(8.5	)%

Noninterest expenses
Salaries and employee benefits	29,526			27,451			7.6	%	59,141			54,392			8.7	%
Net occupancy	4,491			4,380			2.5	%	9,448			9,385			0.7	%
Furniture and equipment	2,130			2,219			(4.0	)%	4,343			4,372			(0.7	)%
Data processing	2,765			2,657			4.1	%	5,483			5,429			1.0	%
Marketing	801			973			(17.7	)%	1,866			1,861			0.3	%
Communication	477			558			(14.5	)%	958			1,128			(15.1	)%
Professional services	1,299			1,727			(24.8	)%	3,112			3,697			(15.8	)%
State intangible tax	639			577			10.7	%	1,278			1,154			10.7	%
FDIC assessments	1,112			1,114			(0.2	)%	2,244			2,204			1.8	%
Loss (gain) - other real estate owned	43			419			(89.7	)%	(147		)	893			(116.5	)%
Loss sharing expense	(12		)	576			(102.1	)%	285			877			(67.5	)%
Other	6,142			6,135			0.1	%	12,122			11,462			5.8	%
Total noninterest expenses	49,413			48,786			1.3	%	100,133			96,854			3.4	%
Income before income taxes	33,876			28,233			20.0	%	63,568			54,304			17.1	%
Income tax expense	11,308			9,284			21.8	%	21,186			17,734			19.5	%
Net income	$	22,568		$	18,949		19.1	%	$	42,382		$	36,570		15.9	%

ADDITIONAL DATA
Net earnings per share - basic	$	0.37		$	0.31				$	0.69		$	0.60
Net earnings per share - diluted	$	0.36		$	0.31				$	0.68		$	0.59
Dividends declared per share	$	0.16		$	0.16				$	0.32		$	0.32

Return on average assets	1.11		%	1.05		%			1.04		%	1.02		%
Return on average shareholders' equity	10.84		%	9.49		%			10.27		%	9.28		%

Interest income	$	75,183		$	63,844		17.8	%	$	149,978		$	127,852		17.3	%
Tax equivalent adjustment	1,058			988			7.1	%	2,110			1,971			7.1	%
Interest income - tax equivalent	76,241			64,832			17.6	%	152,088			129,823			17.2	%
Interest expense	8,051			5,170			55.7	%	16,291			10,592			53.8	%
Net interest income - tax equivalent	$	68,190		$	59,662		14.3	%	$	135,797		$	119,231		13.9	%

Net interest margin	3.61		%	3.56		%			3.62		%	3.58		%
Net interest margin (fully tax equivalent) ⁽¹⁾	3.67		%	3.62		%			3.67		%	3.64		%

Full-time equivalent employees	1,403			1,366

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 35% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes, these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.
N/M = Not meaningful.



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

	2016
		Second			First			Full			% Change
		Quarter			Quarter			Year			Linked Qtr.
Interest income
Loans, including fees		$	64,424		$	63,399		$	127,823		1.6	%
Investment securities
Taxable		10,706			11,373			22,079			(5.9	)%
Tax-exempt		1,156			1,162			2,318			(0.5	)%
Total investment securities interest		11,862			12,535			24,397			(5.4	)%
Other earning assets		(1,103		)	(1,139		)	(2,242		)	3.2	%
Total interest income		75,183			74,795			149,978			0.5	%

Interest expense
Deposits		5,457			5,530			10,987			(1.3	)%
Short-term borrowings		1,053			1,170			2,223			(10.0	)%
Long-term borrowings		1,541			1,540			3,081			0.1	%
Total interest expense		8,051			8,240			16,291			(2.3	)%
Net interest income		67,132			66,555			133,687			0.9	%
Provision for loan and lease losses		4,037			1,655			5,692			143.9	%
Net interest income after provision for loan and lease losses		63,095			64,900			127,995			(2.8	)%

Noninterest income
Service charges on deposit accounts		4,455			4,381			8,836			1.7	%
Trust and wealth management fees		3,283			3,440			6,723			(4.6	)%
Bankcard income		3,130			2,882			6,012			8.6	%
Client derivative fees		1,799			1,095			2,894			64.3	%
Net gains from sales of loans		1,846			1,181			3,027			56.3	%
Net gain on sale of investment securities		(188		)	24			(164		)	100.0	%
FDIC loss sharing income		59			(565		)	(506		)	(110.4	)%
Accelerated discount on covered / formerly covered loans		1,191			971			2,162			22.7	%
Other		4,619			2,103			6,722			119.6	%
Total noninterest income		20,194			15,512			35,706			30.2	%

Noninterest expenses
Salaries and employee benefits		29,526			29,615			59,141			(0.3	)%
Net occupancy		4,491			4,957			9,448			(9.4	)%
Furniture and equipment		2,130			2,213			4,343			(3.8	)%
Data processing		2,765			2,718			5,483			1.7	%
Marketing		801			1,065			1,866			(24.8	)%
Communication		477			481			958			(0.8	)%
Professional services		1,299			1,813			3,112			(28.4	)%
State intangible tax		639			639			1,278			0.0	%
FDIC assessments		1,112			1,132			2,244			(1.8	)%
Loss (gain) - other real estate owned		43			(190		)	(147		)	(122.6	)%
Loss sharing expense		(12		)	297			285			(104.0	)%
Other		6,142			5,980			12,122			2.7	%
Total noninterest expenses		49,413			50,720			100,133			(2.6	)%
Income before income taxes		33,876			29,692			63,568			14.1	%
Income tax expense		11,308			9,878			21,186			14.5	%
Net income		$	22,568		$	19,814		$	42,382		13.9	%

ADDITIONAL DATA
Net earnings per share - basic		$	0.37		$	0.32		$	0.69
Net earnings per share - diluted		$	0.36		$	0.32		$	0.68
Dividends declared per share		$	0.16		$	0.16		$	0.32

Return on average assets		1.11		%	0.98		%	1.04		%
Return on average shareholders' equity		10.84		%	9.70		%	10.27		%

Interest income		$	75,183		$	74,795		$	149,978		0.5	%
Tax equivalent adjustment		1,058			1,052			2,110			0.6	%
Interest income - tax equivalent		76,241			75,847			152,088			0.5	%
Interest expense		8,051			8,240			16,291			(2.3	)%
Net interest income - tax equivalent		$	68,190		$	67,607		$	135,797		0.9	%

Net interest margin		3.61		%	3.62		%	3.62		%
Net interest margin (fully tax equivalent)⁽¹⁾		3.67		%	3.68		%	3.67		%

Full-time equivalent employees		1,403			1,390

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 35% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes, these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.
N/M = Not meaningful.



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

	2015
	Fourth			Third			Second			First			Full
	Quarter			Quarter			Quarter			Quarter			Year
Interest income
Loans, including fees	$	62,502		$	58,694		$	54,586		$	54,464		$	230,246
Investment securities
Taxable	10,702			9,986			9,281			9,608			39,577
Tax-exempt	1,192			1,163			1,139			1,117			4,611
Total investment securities interest	11,894			11,149			10,420			10,725			44,188
Other earning assets	(1,164		)	(1,168		)	(1,162		)	(1,181		)	(4,675		)
Total interest income	73,232			68,675			63,844			64,008			269,759

Interest expense
Deposits	5,172			4,861			4,621			4,820			19,474
Short-term borrowings	434			374			253			303			1,364
Long-term borrowings	1,543			281			296			299			2,419
Total interest expense	7,149			5,516			5,170			5,422			23,257
Net interest income	66,083			63,159			58,674			58,586			246,502
Provision for loan and lease losses	1,864			2,647			3,070			2,060			9,641
Net interest income after provision for loan and lease losses	64,219			60,512			55,604			56,526			236,861

Noninterest income
Service charges on deposit accounts	4,755			4,934			4,803			4,523			19,015
Trust and wealth management fees	3,086			3,134			3,274			3,634			13,128
Bankcard income	3,077			2,909			2,972			2,620			11,578
Client derivative fees	945			1,604			878			962			4,389
Net gains from sales of loans	1,325			1,758			1,924			1,464			6,471
Net gain on sale of investment securities	2			409			1,094			0			1,505
FDIC loss sharing income	(164		)	(973		)	(304		)	(1,046		)	(2,487		)
Accelerated discount on covered / formerly covered loans	785			3,820			4,094			2,092			10,791
Other	2,008			2,760			2,680			3,364			10,812
Total noninterest income	15,819			20,355			21,415			17,613			75,202

Noninterest expenses
Salaries and employee benefits	29,632			27,768			27,451			26,941			111,792
Net occupancy	4,337			4,510			4,380			5,005			18,232
Furniture and equipment	2,185			2,165			2,219			2,153			8,722
Data processing	2,843			2,591			2,657			2,772			10,863
Marketing	1,052			810			973			888			3,723
Communication	502			531			558			570			2,161
Professional services	1,833			4,092			1,727			1,970			9,622
State intangible tax	598			579			577			577			2,331
FDIC assessments	1,139			1,103			1,114			1,090			4,446
Loss (gain) - other real estate owned	772			196			419			474			1,861
Loss sharing expense	414			574			576			301			1,865
Other	5,977			8,073			6,135			5,327			25,512
Total noninterest expenses	51,284			52,992			48,786			48,068			201,130
Income before income taxes	28,754			27,875			28,233			26,071			110,933
Income tax expense	8,934			9,202			9,284			8,450			35,870
Net income	$	19,820		$	18,673		$	18,949		$	17,621		$	75,063

ADDITIONAL DATA
Net earnings per share - basic	$	0.33		$	0.31		$	0.31		$	0.29		$	1.23
Net earnings per share - diluted	$	0.32		$	0.30		$	0.31		$	0.29		$	1.21
Dividends declared per share	$	0.16		$	0.16		$	0.16		$	0.16		$	0.64

Return on average assets	0.99		%	0.97		%	1.05		%	0.99		%	1.00		%
Return on average shareholders' equity	9.62		%	9.12		%	9.49		%	9.06		%	9.33		%

Interest income	$	73,232		$	68,675		$	63,844		$	64,008		$	269,759
Tax equivalent adjustment	1,046			1,000			988			983			4,017
Interest income - tax equivalent	74,278			69,675			64,832			64,991			273,776
Interest expense	7,149			5,516			5,170			5,422			23,257
Net interest income - tax equivalent	$	67,129		$	64,159		$	59,662		$	59,569		$	250,519

Net interest margin	3.63		%	3.61		%	3.56		%	3.61		%	3.60		%
Net interest margin (fully tax equivalent)⁽¹⁾	3.69		%	3.67		%	3.62		%	3.67		%	3.66		%

Full-time equivalent employees	1,400			1,394			1,366			1,353

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 35% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes, these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.



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

	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			% Change		% Change
	2016			2016			2015			2015			2015			Linked Qtr.		Comparable Qtr.
ASSETS
Cash and due from banks	$	106,174		$	102,675		$	114,841		$	112,298		$	116,318		3.4	%	(8.7	)%
Interest-bearing deposits with other banks	18,911			15,582			33,734			24,191			41,027			21.4	%	(53.9	)%
Investment securities available-for-sale	1,114,349			1,164,319			1,190,642			1,069,667			955,764			(4.3	)%	16.6	%
Investment securities held-to-maturity	670,111			702,315			726,259			756,035			791,839			(4.6	)%	(15.4	)%
Other investments	51,261			53,255			53,725			53,431			53,585			(3.7	)%	(4.3	)%
Loans held for sale	10,494			15,369			20,957			26,287			21,151			(31.7	)%	(50.4	)%
Loans and leases
Commercial and industrial	1,794,533			1,744,732			1,663,102			1,637,467			1,315,087			2.9	%	36.5	%
Lease financing	100,263			101,135			93,986			82,679			84,723			(0.9	)%	18.3	%
Construction - real estate	374,949			341,453			311,712			276,240			229,256			9.8	%	63.6	%
Commercial - real estate	2,363,456			2,261,857			2,258,297			2,169,662			2,171,806			4.5	%	8.8	%
Residential - real estate	512,800			508,512			512,311			506,653			506,391			0.8	%	1.3	%
Home equity	467,549			466,010			466,629			463,629			463,222			0.3	%	0.9	%
Installment	46,917			41,627			41,506			39,974			43,073			12.7	%	8.9	%
Credit card	40,746			39,283			41,217			39,759			39,216			3.7	%	3.9	%
Total loans	5,701,213			5,504,609			5,388,760			5,216,063			4,852,774			3.6	%	17.5	%
Less
Allowance for loan and lease losses	56,708			53,732			53,398			53,332			52,876			5.5	%	7.2	%
Net loans	5,644,505			5,450,877			5,335,362			5,162,731			4,799,898			3.6	%	17.6	%
Premises and equipment	133,969			138,036			136,603			139,020			139,170			(2.9	)%	(3.7	)%
Goodwill and other intangibles	211,199			211,533			211,865			211,732			145,465			(0.2	)%	45.2	%
FDIC indemnification asset	14,504			16,256			17,630			18,931			20,338			(10.8	)%	(28.7	)%
Accrued interest and other assets	334,625			323,337			305,793			306,210			298,817			3.5	%	12.0	%
Total Assets	$	8,310,102		$	8,193,554		$	8,147,411		$	7,880,533		$	7,383,372		1.4	%	12.6	%

LIABILITIES
Deposits
Interest-bearing demand	$	1,436,078		$	1,430,963		$	1,414,291		$	1,330,673		$	1,175,219		0.4	%	22.2	%
Savings	1,974,449			1,922,892			1,945,805			1,979,627			1,947,566			2.7	%	1.4	%
Time	1,279,934			1,414,313			1,406,124			1,440,223			1,262,881			(9.5	)%	1.4	%
Total interest-bearing deposits	4,690,461			4,768,168			4,766,220			4,750,523			4,385,666			(1.6	)%	6.9	%
Noninterest-bearing	1,429,163			1,408,609			1,413,404			1,330,905			1,330,149			1.5	%	7.4	%
Total deposits	6,119,624			6,176,777			6,179,624			6,081,428			5,715,815			(0.9	)%	7.1	%
Federal funds purchased and securities sold
under agreements to repurchase	80,084			75,499			89,325			62,317			68,349			6.1	%	17.2	%
FHLB short-term borrowings	1,035,000			894,400			849,100			701,200			641,700			15.7	%	61.3	%
Total short-term borrowings	1,115,084			969,899			938,425			763,517			710,049			15.0	%	57.0	%
Long-term debt	119,596			119,556			119,540			119,515			47,084			0.0	%	154.0	%
Total borrowed funds	1,234,680			1,089,455			1,057,965			883,032			757,133			13.3	%	63.1	%
Accrued interest and other liabilities	109,075			100,735			100,446			103,061			108,041			8.3	%	1.0	%
Total Liabilities	7,463,379			7,366,967			7,338,035			7,067,521			6,580,989			1.3	%	13.4	%

SHAREHOLDERS' EQUITY
Common stock	567,687			567,497			571,155			570,025			571,501			0.0	%	(0.7	)%
Retained earnings	410,893			398,224			388,240			378,258			369,462			3.2	%	11.2	%
Accumulated other comprehensive loss	(17,688		)	(23,209		)	(30,580		)	(17,219		)	(20,715		)	(23.8	)%	(14.6	)%
Treasury stock, at cost	(114,169		)	(115,925		)	(119,439		)	(118,052		)	(117,865		)	(1.5	)%	(3.1	)%
Total Shareholders' Equity	846,723			826,587			809,376			813,012			802,383			2.4	%	5.5	%
Total Liabilities and Shareholders' Equity	$	8,310,102		$	8,193,554		$	8,147,411		$	7,880,533		$	7,383,372		1.4	%	12.6	%



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

	Quarterly Averages															Year-to-Date Averages
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			June 30,
	2016			2016			2015			2015			2015			2016			2015
ASSETS
Cash and due from banks	$	121,426		$	117,782		$	119,881		$	114,279		$	114,024		$	119,604		$	113,436
Federal funds sold	0			0			0			0			0			0			0
Interest-bearing deposits with other banks	21,687			24,291			18,920			37,468			19,960			22,989			20,604
Investment securities	1,869,540			1,938,772			1,934,173			1,848,083			1,782,785			1,904,156			1,772,759
Loans held for sale	11,752			13,216			18,677			15,185			9,292			12,484			8,951
Loans and leases
Commercial and industrial	1,752,237			1,657,279			1,612,485			1,464,508			1,318,408			1,704,758			1,309,687
Lease financing	100,103			94,935			89,200			83,300			82,578			97,519			220,877
Construction - real estate	348,100			322,600			295,574			259,972			226,314			335,350			2,123,409
Commercial - real estate	2,294,980			2,270,686			2,180,015			2,164,917			2,117,450			2,282,833			496,903
Residential - real estate	510,262			509,422			505,208			500,544			497,350			509,842			44,379
Home equity	466,170			466,722			465,131			462,283			459,414			466,446			458,752
Installment	44,438			41,698			41,148			42,008			43,393			43,068			38,843
Credit card	41,038			41,254			41,027			39,991			39,272			41,146			80,333
Total loans	5,557,328			5,404,596			5,229,788			5,017,523			4,784,179			5,480,962			4,773,183
Less
Allowance for loan and lease losses	55,504			54,882			53,731			54,398			54,662			55,193			54,158
Net loans	5,501,824			5,349,714			5,176,057			4,963,125			4,729,517			5,425,769			4,719,025
Premises and equipment	137,927			138,377			138,689			139,457			140,117			138,152			140,632
Goodwill and other intangibles	211,363			211,707			211,722			179,333			145,500			211,535			145,594
FDIC indemnification asset	15,404			17,138			18,437			19,848			20,744			16,271			21,424
Accrued interest and other assets	312,914			307,948			313,722			294,611			281,947			310,431			280,292
Total Assets	$	8,203,837		$	8,118,945		$	7,950,278		$	7,611,389		$	7,243,886		$	8,161,391		$	7,222,717

LIABILITIES
Deposits
Interest-bearing demand	$	1,483,025		$	1,391,591		$	1,423,915		$	1,230,621		$	1,220,391		$	1,437,308		$	1,198,449
Savings	2,042,188			1,938,206			2,005,100			2,015,373			1,950,127			1,990,197			1,932,523
Time	1,342,226			1,419,456			1,416,041			1,369,892			1,275,730			1,380,841			1,273,149
Total interest-bearing deposits	4,867,439			4,749,253			4,845,056			4,615,886			4,446,248			4,808,346			4,404,121
Noninterest-bearing	1,441,068			1,386,768			1,402,283			1,344,049			1,325,485			1,413,918			1,305,885
Total deposits	6,308,507			6,136,021			6,247,339			5,959,935			5,771,733			6,222,264			5,710,006
Federal funds purchased and securities sold
under agreements to repurchase	86,457			89,349			79,354			68,505			67,664			87,903			72,440
FHLB short-term borrowings	759,919			856,837			564,522			606,618			472,295			808,378			518,848
Total short-term borrowings	846,376			946,186			643,876			675,123			539,959			896,281			591,288
Long-term debt	119,575			119,553			119,532			71,583			47,266			119,564			47,544
Total borrowed funds	965,951			1,065,739			763,408			746,706			587,225			1,015,845			638,832
Accrued interest and other liabilities	91,967			95,597			121,775			92,352			84,330			93,782			79,291
Total Liabilities	7,366,425			7,297,357			7,132,522			6,798,993			6,443,288			7,331,891			6,428,129

SHAREHOLDERS' EQUITY
Common stock	567,682			570,558			570,510			570,723			571,078			569,120			572,497
Retained earnings	406,788			395,756			385,295			378,160			365,847			401,272			360,875
Accumulated other comprehensive loss	(21,901		)	(26,165		)	(18,962		)	(19,725		)	(18,242		)	(24,033		)	(19,197		)
Treasury stock, at cost	(115,157		)	(118,561		)	(119,087		)	(116,762		)	(118,085		)	(116,859		)	(119,587		)
Total Shareholders' Equity	837,412			821,588			817,756			812,396			800,598			829,500			794,588
Total Liabilities and Shareholders' Equity	$	8,203,837		$	8,118,945		$	7,950,278		$	7,611,389		$	7,243,886		$	8,161,391		$	7,222,717



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

	Quarterly Averages															Year-to-Date Averages
	June 30, 2016					March 31, 2016					June 30, 2015					June 30, 2016					June 30, 2015
	Balance			Yield		Balance			Yield		Balance			Yield		Balance			Yield		Balance			Yield
Earning assets
Investments:
Investment securities	$	1,869,540		2.54	%	$	1,938,772		2.59	%	$	1,782,785		2.34	%	$	1,904,156		2.58	%	$	1,772,759		2.41	%
Interest-bearing deposits with other banks	21,687			0.50	%	24,291			0.53	%	19,960			0.26	%	22,989			0.52	%	20,604			0.26	%
Gross loans ⁽²⁾	5,584,484			4.55	%	5,434,950			4.59	%	4,814,215			4.45	%	5,509,717			4.59	%	4,803,558			4.48	%
Total earning assets	7,475,711			4.03	%	7,398,013			4.06	%	6,616,960			3.87	%	7,436,862			4.07	%	6,596,921			3.91	%

Nonearning assets
Allowance for loan and lease losses	(55,504		)			(54,882		)			(54,662		)			(55,193		)			(54,158		)
Cash and due from banks	121,426					117,782					114,024					119,604					113,436
Accrued interest and other assets	662,204					658,032					567,564					660,118					566,518
Total assets	$	8,203,837				$	8,118,945				$	7,243,886				$	8,161,391				$	7,222,717

Interest-bearing liabilities
Deposits:
Interest-bearing demand	$	1,483,025		0.13	%	$	1,391,591		0.16	%	$	1,220,391		0.08	%	$	1,437,308		0.14	%	$	1,198,449		0.08	%
Savings	2,042,188			0.25	%	1,938,206			0.26	%	1,950,127			0.19	%	1,990,197			0.26	%	1,932,523			0.23	%
Time	1,342,226			1.10	%	1,419,456			1.05	%	1,275,730			1.08	%	1,380,841			1.08	%	1,273,149			1.08	%
Total interest-bearing deposits	4,867,439			0.45	%	4,749,253			0.47	%	4,446,248			0.42	%	4,808,346			0.46	%	4,404,121			0.43	%
Borrowed funds
Short-term borrowings	846,376			0.50	%	946,186			0.50	%	539,959			0.19	%	896,281			0.50	%	591,288			0.19	%
Long-term debt	119,575			5.17	%	119,553			5.17	%	47,266			2.51	%	119,564			5.20	%	47,544			2.52	%
Total borrowed funds	965,951			1.08	%	1,065,739			1.02	%	587,225			0.37	%	1,015,845			1.05	%	638,832			0.36	%
Total interest-bearing liabilities	5,833,390			0.55	%	5,814,992			0.57	%	5,033,473			0.41	%	5,824,191			0.56	%	5,042,953			0.42	%

Noninterest-bearing liabilities
Noninterest-bearing demand deposits	1,441,068					1,386,768					1,325,485					1,413,918					1,305,885
Other liabilities	91,967					95,597					84,330					93,782					79,291
Shareholders' equity	837,412					821,588					800,598					829,500					794,588
Total liabilities & shareholders' equity	$	8,203,837				$	8,118,945				$	7,243,886				$	8,161,391				$	7,222,717

Net interest income ⁽¹⁾	$	67,132				$	66,555				$	58,674				$	133,687				$	117,260
Net interest spread ⁽¹⁾				3.48	%				3.49	%				3.46	%				3.51	%				3.49	%
Net interest margin ⁽¹⁾				3.61	%				3.62	%				3.56	%				3.62	%				3.58	%


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



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


	Linked Qtr. Income Variance									Comparable Qtr. Income Variance						Year-to-Date Income Variance
	Rate			Volume			Total			Rate		Volume		Total		Rate		Volume		Total
Earning assets
Investment securities	$	(234	)	$	(439	)	$	(673	)	$	892	$	550	$	1,442	$	1,568	$	1,684	$	3,252
Interest-bearing deposits with other banks	(2		)	(3		)	(5		)	12		2		14		26		6		32
Gross loans ⁽²⁾	(629		)	1,695			1,066			1,153		8,730		9,883		2,754		16,088		18,842
Total earning assets	(865		)	1,253			388			2,057		9,282		11,339		4,348		17,778		22,126

Interest-bearing liabilities
Total interest-bearing deposits	$	(206	)	$	133		$	(73	)	$	364	$	472	$	836	$	622	$	924	$	1,546
Borrowed funds
Short-term borrowings	7			(124		)	(117		)	419		381		800		911		756		1,667
Long-term debt	1			0			1			313		932		1,245		630		1,856		2,486
Total borrowed funds	8			(124		)	(116		)	732		1,313		2,045		1,541		2,612		4,153
Total interest-bearing liabilities	(198		)	9			(189		)	1,096		1,785		2,881		2,163		3,536		5,699
Net interest income ⁽¹⁾	$	(667	)	$	1,244		$	577		$	961	$	7,497	$	8,458	$	2,185	$	14,242	$	16,427


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



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

																Six months ended
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,			Jun. 30,
	2016			2016			2015			2015			2015			2016			2015
ALLOWANCE FOR LOAN AND LEASE LOSS ACTIVITY
Balance at beginning of period	$	53,732		$	53,398		$	53,332		$	52,876		$	53,076		$	53,398		$	52,858
Provision for loan and lease losses	4,037			1,655			1,864			2,647			3,070			5,692			5,130
Gross charge-offs
Commercial and industrial	189			329			622			536			510			518			1,991
Construction - real estate	0			0			0			85			0			0			0
Commercial - real estate	1,224			432			1,137			941			2,515			1,656			2,723
Residential - real estate	20			39			31			101			250			59			564
Home equity	230			273			300			322			163			503			863
Installment	29			54			128			124			12			83			143
Other	357			240			242			276			237			597			531
Covered / formerly covered loans	653			1,075			3,818			1,577			1,585			1,728			3,501
Total gross charge-offs	2,702			2,442			6,278			3,962			5,272			5,144			10,316
Recoveries
Commercial and industrial	387			163			386			357			185			550			229
Construction - real estate	0			7			91			0			10			7			39
Commercial - real estate	158			346			597			444			179			504			533
Residential - real estate	78			62			192			87			23			140			87
Home equity	121			164			102			195			129			285			283
Installment	37			35			36			59			44			72			104
Other	64			81			74			52			71			145			116
Covered / formerly covered loans	796			263			3,002			577			1,361			1,059			3,813
Total recoveries	1,641			1,121			4,480			1,771			2,002			2,762			5,204
Total net charge-offs	1,061			1,321			1,798			2,191			3,270			2,382			5,112
Ending allowance for loan and lease losses	$	56,708		$	53,732		$	53,398		$	53,332		$	52,876		$	56,708		$	52,876

NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)
Commercial and industrial	(0.05		)%	0.04		%	0.06		%	0.05		%	0.10		%	0.00		%	0.27		%
Construction - real estate	0.00		%	(0.01		)%	(0.12		)%	0.13		%	(0.02		)%	0.00		%	(0.04		)%
Commercial - real estate	0.20		%	0.02		%	0.10		%	0.10		%	0.48		%	0.11		%	0.22		%
Residential - real estate	(0.05		)%	(0.02		)%	(0.14		)%	0.01		%	0.21		%	(0.04		)%	0.22		%
Home equity	0.10		%	0.10		%	0.18		%	0.12		%	0.03		%	0.10		%	0.28		%
Installment	(0.08		)%	0.19		%	0.94		%	0.65		%	(0.32		)%	0.05		%	0.19		%
Other	0.85		%	0.48		%	0.52		%	0.74		%	0.55		%	0.66		%	0.71		%
Covered / formerly covered loans	(0.29		)%	1.51		%	1.40		%	1.60		%	0.33		%	0.64		%	(0.22		)%
Total net charge-offs	0.08		%	0.10		%	0.14		%	0.17		%	0.27		%	0.09		%	0.23		%

COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS
Nonaccrual loans ⁽¹⁾
Commercial and industrial	$	2,870		$	3,757		$	8,231		$	7,191		$	6,683		$	2,870		$	6,683
Construction - real estate	0			0			0			79			223			0			223
Commercial - real estate	8,397			8,178			9,059			17,228			21,186			8,397			21,186
Residential - real estate	4,824			4,243			5,027			4,940			5,257			4,824			5,257
Home equity	2,250			3,018			2,787			2,702			2,735			2,250			2,735
Installment	433			113			127			321			305			433			305
Lease financing	1,167			121			122			0			0			1,167			0
Covered / formerly covered loans	2,336			2,577			2,644			3,252			3,284			2,336			3,284
Nonaccrual loans	22,277			22,007			27,997			35,713			39,673			22,277			39,673
Accruing troubled debt restructurings (TDRs)	28,022			30,127			28,876			20,226			20,084			28,022			20,084
Total nonperforming loans	50,299			52,134			56,873			55,939			59,757			50,299			59,757
Other real estate owned (OREO)	9,302			11,939			13,254			15,187			16,401			9,302			16,401
Total nonperforming assets	59,601			64,073			70,127			71,126			76,158			59,601			76,158
Accruing loans past due 90 days or more	981			59			108			58			70			981			70
Total underperforming assets	$	60,582		$	64,132		$	70,235		$	71,184		$	76,228		$	60,582		$	76,228
Total classified assets	$	143,331		$	133,940		$	132,431		$	130,132		$	139,931		$	143,331		$	151,962

CREDIT QUALITY RATIOS
Allowance for loan and lease losses to
Nonaccrual loans	254.56		%	244.16		%	190.73		%	149.33		%	133.28		%	254.56		%	133.28		%
Nonperforming loans	112.74		%	103.07		%	93.89		%	95.34		%	88.49		%	112.74		%	88.49		%
Total ending loans	0.99		%	0.98		%	0.99		%	1.02		%	1.09		%	0.99		%	1.09		%
Allowance and loan marks, net of indemnification asset, to total loans	1.06		%	1.08		%	1.11		%	1.17		%	1.27		%	1.06		%	1.27		%
Nonperforming loans to total loans	0.88		%	0.95		%	1.06		%	1.07		%	1.23		%	0.88		%	1.23		%
Nonperforming assets to
Ending loans, plus OREO	1.04		%	1.16		%	1.30		%	1.36		%	1.56		%	1.04		%	1.56		%
Total assets	0.72		%	0.78		%	0.86		%	0.90		%	1.03		%	0.72		%	1.03		%
Nonperforming assets, excluding accruing TDRs to
Ending loans, plus OREO	0.55		%	0.62		%	0.76		%	0.97		%	1.15		%	0.55		%	1.15		%
Total assets	0.38		%	0.41		%	0.51		%	0.65		%	0.76		%	0.38		%	0.76		%

(1) Nonaccrual loans include nonaccrual TDRs of $8.0 million, $7.5 million, $9.3 million, $13.6 million, and $14.1 million, as of June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015, and June 30 2015, respectively.



FIRST FINANCIAL BANCORP.
CAPITAL ADEQUACY
(Dollars in thousands, except per share data)
(Unaudited)
																Six months ended,
	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Jun. 30,			Jun. 30,
	2016			2016			2015			2015			2015			2016			2015
PER COMMON SHARE
Market Price
High	$	20.16		$	18.36		$	20.72		$	19.69		$	18.55		$	20.16		$	18.55
Low	$	17.49		$	14.91		$	17.83		$	17.55		$	16.68		$	14.91		$	16.52
Close	$	19.45		$	18.18		$	18.07		$	19.08		$	17.94		$	19.45		$	17.94

Average shares outstanding - basic	61,194,254			61,036,797			60,985,096			61,135,749			61,115,802			61,115,525			61,064,928
Average shares outstanding - diluted	62,027,008			61,840,247			61,861,182			61,987,795			61,915,294			61,912,366			61,824,106
Ending shares outstanding	61,959,529			61,855,027			61,641,680			61,713,633			61,707,847			61,959,529			61,707,847

Total shareholders' equity	$	846,723		$	826,587		$	809,376		$	813,012		$	802,383		$	846,723		$	802,383

REGULATORY CAPITAL ⁽¹⁾	Preliminary															Preliminary
Common equity tier 1 capital	$	673,313		$	658,001		$	648,748		$	638,574		$	697,139		$	673,313		$	697,139
Common equity tier 1 capital ratio	10.07		%	10.16		%	10.28		%	10.51		%	12.34		%	10.07		%	12.34		%
Tier 1 capital	$	673,417		$	658,105		$	648,852		$	638,678		$	697,243		$	673,417		$	697,243
Tier 1 ratio	10.07		%	10.16		%	10.29		%	10.52		%	12.35		%	10.07		%	12.35		%
Total capital	$	849,303		$	831,924		$	822,431		$	812,029		$	751,818		$	849,303		$	751,818
Total capital ratio	12.70		%	12.84		%	13.04		%	13.37		%	13.31		%	12.70		%	13.31		%
Total capital in excess of minimum
requirement	$	272,708		$	273,135		$	317,780		$	326,117		$	300,006		$	272,708		$	300,006
Total risk-weighted assets	$	6,685,158		$	6,478,716		$	6,308,139		$	6,073,899		$	5,647,658		$	6,685,158		$	5,647,658
Leverage ratio	8.38		%	8.27		%	8.33		%	8.58		%	9.77		%	8.38		%	9.77		%

OTHER CAPITAL RATIOS
Ending shareholders' equity to ending assets	10.19		%	10.09		%	9.93		%	10.32		%	10.87		%	10.19		%	10.87		%
Ending tangible shareholders' equity to ending tangible assets	7.85		%	7.71		%	7.53		%	7.84		%	9.08		%	7.85		%	9.08		%
Average shareholders' equity to average assets	10.21		%	10.12		%	10.29		%	10.67		%	11.05		%	10.16		%	11.00		%
Average tangible shareholders' equity to average tangible assets	7.83		%	7.71		%	7.83		%	8.12		%	9.23		%	7.78		%	9.17		%

REPURCHASE PROGRAM ⁽²⁾
Shares repurchased	0			0			91,032			148,935			0			0			0
Average share repurchase price	N/A			N/A			$	18.85		$	18.68		N/A			N/A			N/A
Total cost of shares repurchased	N/A			N/A			$	1,716		$	2,783		N/A			N/A			N/A

⁽¹⁾ 2015 amounts and ratios are calculated under the Basel III standardized approach
⁽²⁾Represents share repurchases as part of publicly announced plans.
N/A = Not applicable

FIRST FINANCIAL BANCORP /OH/ - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - July 21, 2016

Attached files

FIRST FINANCIAL BANCORP /OH/ Reports