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Investor Presentation
First Quarter 2017
Exhibit 99.1
2
This investor presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are not based on historical or current facts, but rather on our current beliefs,
expectations, assumptions and projections about our business, the economy and other future conditions. Forward-looking
statements often include words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” ‘‘intends,’’ “could,” “should,” and other
similar references to future periods. 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. Important factors that could cause actual results to differ materially from those in our forward-looking
statements include the following, without limitation: (i) economic, market, liquidity, credit, interest rate, operational and
technological risks associated with the Company’s business; (ii) the effect of and changes in policies and laws or
regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and
regulation relating to the banking industry; (iii) management’s ability to effectively execute its business plans; (iv) mergers
and acquisitions, including cost or difficulties related to the integration of acquired companies; (v) the Company’s ability to
comply with the terms of loss sharing agreements with the FDIC; (vi) the effect of changes in accounting policies and
practices; (vii) changes in consumer spending, borrowing and saving and changes in unemployment; (viii) changes in
customers’ performance and creditworthiness; and (ix) the costs and effects of litigation and of unexpected or adverse
outcomes in such litigation. Additional factors that may cause our actual results to differ materially from those described in
our forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December
31, 2016, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov.
Forward-looking statements are meaningful only on the date when such statements are made. We undertake no
obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date on
which a forward-looking statement is made.
Forward Looking Statement Disclosure
3
About First Financial Bancorp
Strategic Direction
Recent Financial Results
Presentation Contents
4
Company Overview
NASDAQ: FFBC
Overview
Founded: 1863
Headquarters: Cincinnati, Ohio
Banking Centers: 103
Assets: $8.5 billion
Loans: $5.8 billion
Deposits: $6.5 billion
Wealth Mgmt: $2.5 billion AUM
Lines of Business
Commercial / Private Banking
C&I, O-CRE, ABL, Equipment Finance,
Treasury, Wealth Management
Retail Banking
Consumer, Mortgage, Small Business
Investment Commercial Real Estate
Commercial Finance
Quick Service Restaurant,
Insurance Agency Finance
$ in millions except “per share” and where otherwise noted in the presentation
www.bankatfirst.com
$27.45 $28.45
$21.84
$19.45 $18.18
2.48% 2.25%
2.93%
3.29% 3.52%
1Q174Q163Q162Q161Q16
Share Price Dividend Yield
Central OH
Loans $1.0 billion
Loan Growth (Y-o-Y) 18.3%
Deposits $0.4 billion
Deposit Market Share #16 (0.7 %)
Banking Centers 6
Fortune 500 Companies 4
5
Our Markets
Indianapolis
Loans $0.4 billion
Loan Growth (Y-o-Y) (0.8%)
Deposits $0.6 billion
Deposit Market Share #14 (1.2%)
Banking Centers 8
Fortune 500 Companies 3
Community Markets
Loans $1.2 billion
Loan Growth (Y-o-Y) (0.3%)
Deposits $2.8 billion
Banking Centers 38
Greater Cincinnati
Loans $2.0 billion
Loan Growth (Y-o-Y) 7.1%
Deposits $2.5 billion
Deposit Market Share #6 (2.1%)
Banking Centers 51
Fortune 500 Companies 9
Proven Acquirer
Two FDIC-assisted acquisitions totaling $2.5 billion in assets & generating a $343 million pre-
tax bargain purchase gain (2009)
Two branch acquisitions of 38 offices in Indiana & Ohio (2011)
Three banks in Columbus, Ohio totaling $727 million in assets (2014)
Oak Street Funding, specialty lender focused on the insurance industry, $243 million in assets
(2015)
Effective Operator
106 consecutive quarters of profitability through 1Q 2017
Replaced the runoff of ~ $2 billion of high yield covered loans
Consolidated 78 banking centers in conjunction with efficiency efforts since 2009
Developed robust enterprise risk management & compliance programs, with board risk
committee since 2010
6
Through the Cycle
Product expansions (since 2009)
Specialty lending (~ $1.2 billion across Franchise, Oak Street, ABL, and Equipment Finance)
Mobile banking & other technology enhancements for clients
Re-entry into mortgage business (2010)
2016 originations of $318 million
Wealth infrastructure improvements
Investment model
Real estate management, tax & insurance outsourcing
Significant technology & infrastructure investments
Continued expansion of risk management & compliance
7
Investments in our Business
Mortgage Origination Platform
Talent & Finance ERP Platform
Enterprise data management
Commercial & Consumer CRM
Proven & sustainable business model
Well managed through the cycle
Conservative operating philosophy
Consistent profitability – 106 consecutive quarters
Robust capital management
Prudent steward of shareholders’ capital
Strong asset quality
Well defined M&A strategy
Selective markets, products & asset diversification
Direct linkage between compensation and performance
Short/long term incentive plans, management stock ownership targets
8
Invest with First Financial
9
1 – includes dividend reinvestment
2 – peer group includes KBW regional bank index peers
Invest with First Financial
Total Shareholder Return1,2
266%
99%
122%
59%
-3%
90%
117%
105%
40%
-4%
149%
170%
129%
54%
-1%
-30%
20%
70%
120%
170%
220%
270%
320%
10 Year 7 Year 5 Year 3 Year 2017 YTD
FFBC KBW Peer Median KBW Peer Top Quartile
10
About First Financial Bancorp
Strategic Direction
Recent Financial Results
11
Operational Excellence
• Focus on cost, efficiency & volume
Client Intimacy
• Strong client focus
• Relationship driven
Product Leadership
• Develop new products, new markets &
new techniques
What does First Financial stand for?
Strategic Overview
Our strategy is to be the Premier Business Bank in the markets we
serve
“Bank the business, bank the owner & bank the employees.”
Rationale:
Our value proposition – relationship banking & sophisticated solutions – resonates with and
is desired by small / mid-size businesses
Alignment with our competitive advantage
By expanding relationships with our business clients, we can efficiently grow all areas of the
bank – Consumer, Wealth & Business Banking
12
Premier Business Bank Our Strategy
13
Connecting Strategy to Execution
13
14
Strategic Priorities
Deliver top quartile shareholder returns
Deploy capital in an opportunistic & risk-appropriate manner
Invest in innovative solutions that enable our clients to bank with us on their terms
Promote leadership & development within our communities
Proactively develop leadership talent across the organization
Achieve best-in-class compliance & risk management programs
Remain vigilant in our credit philosophy & oversight
Focused growth efforts in metropolitan markets
Maintain process improvement & expense management discipline
Plan & prepare for the $10 billion asset threshold
Pace – 3 to 5 years organic
Preparation – DFAST, risk, compliance, data management
15
About First Financial Bancorp
Strategic Direction
Recent Financial Results
16
1Q 2017 Highlights – 106th Consecutive Quarter of Profitability
Total assets increased $93.2 million, to $8.5 billion, or 4.5% annualized, compared to the linked quarter.
EOP loans declined $3.4 million, or 0.2% annualized, compared to the linked quarter.
EOP deposits increased $4.1 million, or 0.3% annualized, compared to the linked quarter.
EOP investment securities increased $147.7 million compared to the linked quarter.
Balance Sheet
Profitability
Asset Quality
Net Interest Income
&
Net Interest Margin
Income Statement
Capital
Noninterest income = $17.4 million.
Noninterest expense = $51.0 million.
Efficiency ratio = 59.2%.
Effective tax rate of 30.0%, including $1.1 million adjustment related to stock compensation.
Net interest income = $68.9 million, a $1.2 million decrease compared to the linked quarter.
Net interest margin of 3.63% on a GAAP basis; decreased 1 bp to 3.70% on a fully tax equivalent basis.
Average earning assets grew 3.5% on an annualized basis.
Net income = $24.4 million or $0.39 per diluted share.
Return on average assets = 1.18%.
Return on average shareholders’ equity = 11.36%.
Return on average tangible common equity = 14.98%.
Provision expense = $0.4 million. Net charge offs = $2.0 million. NCOs / Avg. Loans = 0.14% annualized.
Nonperforming Loans / Total Loans = 1.10%. Nonperforming Assets / Total Assets = 0.80%.
ALLL / Nonaccrual Loans = 169.85%. ALLL / Total Loans = 0.98%. Classified Assets/Total Assets = 1.34%.
NPL / NPA increase primarily driven by two relationship downgrades; management believes both relationships
are well secured.
Total capital ratio = 13.19%.
Tier 1 capital ratio = 10.59%.
Tangible common equity ratio = 8.05%.
Tangible book value per share = $10.78.
17
Strategy & Outlook
Focus remains on organic growth & executing our core strategy:
1. Growing loans at risk-appropriate returns
Strong organic growth opportunities resulting from the mix of markets, products & businesses
built over the last five years
Full year 2017 loan growth expected to be in the mid single digits on a percentage basis
Stable net interest margin outlook in the near term, with margin expanding 2 – 3 bps
assuming consistent production mix and loan fees
2. Growing core deposits to fund loan growth & generate fee income
Ever-present focus on growing low cost, core deposits
Continued proactive balance sheet management to support organic growth
3. Growing noninterest income to help build & diversify revenue
Strategies focused on product pricing, governance & client penetration
4. Maintaining our focus on efficiency & diligent expense management
Noninterest expense base expected to grow approximately 2 - 3%
Full year 2017 effective tax rate of approximately 31.5 – 32.5%
5. Remaining vigilant in our credit oversight
18
Profitability
Net Income & EPS Return on Average Assets
Return on Tangible Common Equity
All dollars shown in millions, except per share data
$661 $653 $645
$626 $610
14.98%
14.19% 14.08% 14.49%
13.06%
1Q174Q163Q162Q161Q16
Average Tangible Equity ROATCE
$8,409 $8,360 $8,322 $8,204 $8,119
1.18%
1.11% 1.09% 1.11%
0.98%
1Q174Q163Q162Q161Q16
Average Assets ROAA
$24.4
$23.3 $22.9 $22.6
$19.8
$0.39 $0.38 $0.37 $0.36
$0.32
1Q174Q163Q162Q161Q16
Net Income EPS - diluted
19
Net Interest Income / Net Interest Margin
1 Gross loans include loans held for sale & FDIC indemnification asset
All dollars shown in millions
Net Interest Income Average Loans
Average Securities Average Deposits
23% 24% 23% 23% 23%
23% 23% 23% 24% 23%
35% 32% 33% 32% 32%
19% 21% 21% 21% 23%
$6,442 $6,557 $6,201 $6,309 $6,136
0.44%
0.37% 0.36% 0.35% 0.36%
1Q174Q163Q162Q161Q16
Avg NIB Demand Avg IB Demand Avg Savings
Avg Time Cost of Deposits
$1,907
$1,817 $1,811 $1,870
$1,939
2.76%
2.58%
2.50%
2.54%
2.59%
1Q174Q163Q162Q161Q16
Average Investment Securities Investment Securities Yield
$5,748 $5,794 $5,758
$5,584
$5,435
4.64%
4.57%
4.54% 4.55%
4.59%
1Q174Q163Q162Q161Q16
Gross Loans Loan Yield
1
$68.9 $70.2 $68.8
$67.1 $66.6
3.70% 3.71% 3.66% 3.67% 3.68%
1Q174Q163Q162Q161Q16
Net Interest Income Net Interest Margin (FTE)
20
Interest Rate Sensitivity
Loan Portfolio – Floating Loan Growth (1)
Sensitivity Trend (Up100, Up200) (3)
24% Y-o-Y growth in floating rate lending (1)
18% Y-o-Y growth in client derivatives (2)
% of loans repricing:
<=3 months 60%
Securities portfolio duration – 3.2 years
+100 scenario 3.9 years
+200 scenario 4.1 years
Non-maturity, interest bearing accounts
modeled to increase 68 bps in an “Up 100”
scenario
(1) As defined by EOP loans repricing in three months or less.
(2) As defined by client derivative notional balances.
(3) Immediate parallel shifts across a 12 month horizon
$2,811
$3,179
$3,334 $3,368 $3,480
51%
56%
57% 58%
60%
1Q16 2Q16 3Q16 4Q16 1Q17
Floating % of Gross Loans
$0.005
$0.018
$0.027
$0.020
$0.051
$0.038
$0.071
$0.100
$0.089
$0.108
0.16% 0.62%
0.89% 0.67%
1.64%
1.28%
2.42% 3.27% 2.96% 3.44%
1Q16 2Q16 3Q16 4Q16 1Q17
Up100 Up200 Up100 Up200
EPS Impact Sensitivity
21
Noninterest Income
Noninterest Income 1Q17 Highlights
* Includes net gain on sale of investment securities & other noninterest income.
All dollars shown in millions
Total noninterest income increased $0.4
million, or 2.5% from the linked quarter; $1.9
million, or 11.9%, from prior year
Deposit service charge income decreased
$0.4 million, or 7.9%, from the linked
quarter; increased $0.3 million, or 6.0%,
from prior year
Bankcard income was unchanged from the
linked quarter; increased $0.3 million, or
8.8%, from prior year
Client derivative income increased $0.6
million from the linked quarter; unchanged
from prior year
Gains from sales of mortgage loans
decreased $0.5 million from the linked
quarter; unchanged from prior year
Gains on sales of investment securities of
$0.5 million during the first quarter 2017
27% 30% 30% 22% 28%
22% 19% 19%
16% 22%
18% 19% 18%
15% 19%
7% 10% 12%
9%
8%
6% 3%
7%
9%
7%
20%
20%
14%
28%
16%
$17.4
$16.9 $16.9
$20.2
$15.5
1Q174Q163Q162Q161Q16
Service Charges Wealth Mgmt
Bankcard Gains from sales of loans
Client derivatives Other *
22
Noninterest Expense
Noninterest Expense 1Q17 Highlights
Efficiency Ratio
All dollars shown in millions
Total noninterest expense increased $0.9
million, or 1.8%, from the linked quarter; $0.3
million from prior year
Salary & benefits expense increased $0.6
million, or 2.0%, from the linked quarter; $2.1
million, or 7.2% from prior year
OREO gains decreased $1.0 million from the
linked quarter; $0.2 million from prior year
State intangible taxes increased $0.6 million
from the linked quarter; $0.1 million from prior
year
Other noninterest expense decreased $0.6
million, or 11.0%, from the linked quarter; $1.1
million, or 17.8%, from prior year
62% 62% 63% 60% 58%
38% 38% 37% 40% 42%
$51.0 $50.2 $51.1 $49.4 $50.7
1,424 1,420 1,402 1,403 1,390
1Q174Q163Q162Q161Q16
Personnel Non-Personnel FTE
$51.0
$50.2
$51.1
$49.4
$50.7
59.2%
57.6%
59.6%
56.6%
61.8%
1Q174Q163Q162Q161Q16
NIE Efficiency Ratio
23
Loan Portfolio
Loan Product Mix (EOP) Net Loan Change (Linked Quarter)
* Includes residential mortgage, home equity, installment, & credit card loans.
All dollars shown in millions
Highlights
-$6.5
-$18.7
-$6.3
-$10.6
$53.2
-$14.4
Commercial & Leasing
Owner Occupied CRE
Owner Occupied Construction
Investor CRE
Investor Construction
Consumer Lending*
Portfolio remains well-balanced
1Q17 impacted by:
slower business activity
elevated payoffs tied to high purchase multiples
continued focus on profitability and limiting credit
concentrations
Investor construction growth primarily from funding of
prior period originations
32% 33% 32% 33% 34%
13% 13% 14% 14% 14%
29% 29% 29% 28% 27%
8% 7% 7% 7%
6%
18% 18% 18% 19%
19%
$5,754 $5,757 $5,790 $5,701
$5,505
1Q174Q163Q162Q161Q16
Commercial & Leasing Owner Occupied CRE Investor CRE
Construction Consumer Lending*
24
Loan Portfolio
Loan Portfolio By Geography 1
Average Loan Size & Rate 2
Nationwide Lending Platforms
1 Includes loans held for sale. Excludes purchase accounting loan marks.
2 Average loan balances in $000s, rate represents weighted average coupon & does not
include loan fees
3 Includes Oak Street, Franchise, shared national credits & other loans outside Ohio,
Indiana, & Kentucky.
$364
6%
$501
9%
$4,889
85%
Oak Street
Franchise
All Other Loans
$2,834
49%
$1,448
25%
$213
4%
$1,279
22%
Ohio
Indiana
Kentucky
National Business 3
$370 $403
$694
$957
$480
$114 $32
4.0% 4.0%
3.8%
5.2%
7.4%
4.0%
4.4%
C&I* OOCRE* ICRE* Franchise Oak Street Mortgage Home
Equity
Average Balance Weighted Average Rate
* Ex.Franchise & OSF
25
Loan Portfolio
C&I Loans By Industry 1 CRE Loans By Collateral 2
1 Industry types included in Other representing greater than 1% of total C&I loans include Agriculture, Public Administration, Other Services, Retail
Trade, Waste Management, Educational Services, and Arts.
2 Collateral types included in Other representing greater than 1% of total CRE loans include Student Housing, Manufacturing Facility,
Nursing/Assisted Living, Vacant Land Held for Development, Strip Center, Recreation Facility, Church, Real Estate IUB Other, School/Education,
and Convenience Store.
Accommodation
and Food
Services
23%
Finance and
Insurance
22%
Manufacturing
14%
Wholesale
Trade
8%
Real Estate and
Rental and
Leasing
5%
Professional,
Scientific, and
Technical
Services
5%
Health Care and
Social Assistance
5%
Construction
3% Other
15%
Total C&I Loans: $1.8B
Retail
17%
Residential, Multi
Family 5+
15%
Office
12%
Restaurant
6%
Residential, 1-4
Family
6%
Hotel/Motel
5%
Warehouse
5%
Industrial Facility
5%
Medical Office
4% Farmland
3%
All others
22%
Total CRE Loans: $2.8B
26
Investment Portfolio
Total EOP investments of $2.0 billion
Investment Portfolio / Total Assets = 23.5%
Effective yield earned during first quarter = 2.76%
Portfolio duration = 3.2 years
Portfolio Composition Portfolio Quality
Agency CMOs
18%
Commercial MBS
21%
Asset-backed
securities
17%
Agency Pass-through
Securities
15%
Municipal Securities
9%
Non-Agency CMOs
4%
Regulatory stock
3%
Corporate securities
3%
Non-Agency Pass-
through Securities
7%
U.S. Government
Agency Debt
2%
Other
1%
U.S. Government
Debt
0%
Agency, 59.9%
AAA, 17.1%
BBB, 4.0%
A, 2.8%
FRB/FHLB Stock, 2.5%
AA+, 2.5%
AA-, 2.5%
NR, 1.9%
AA, 1.9%
BBB+, 1.6%
Other, 3.2%
27
Asset Quality
Nonperforming Assets / Total Assets Classified Assets / Total Assets
Allowance / Total Loans Net Charge Offs & Provision Expense
All dollars shown in millions
$68.4
$54.3 $58.0 $59.6
$64.1
0.80%
0.64%
0.69% 0.72%
0.78%
1Q174Q163Q162Q161Q16
NPAs NPAs / Total Assets
$56.3 $58.0 $57.6 $56.7 $53.7
0.98% 1.01% 1.00% 0.99% 0.98%
1Q174Q163Q162Q161Q16
Allowance for Loan Losses ALLL / Total Loans
$114.6
$125.2
$142.2 $143.3
$133.9
1.34%
1.48%
1.70% 1.72% 1.63%
1Q174Q163Q162Q161Q16
Classified Assets Classified Assets / Total Assets
$2.0 $2.4 $0.8 $1.1 $1.3
$0.4
$2.8
$1.7
$4.0
$1.7
0.14% 0.17%
0.05% 0.08%
0.10%
1Q174Q163Q162Q161Q16
NCOs Provision Expense NCOs / Average Loans
28
Capital
Tier 1 Common Equity
Tangible Book Value Total Capital
Tangible Common Equity
All capital numbers are considered preliminary
All dollars shown in millions
$669.7
$654.6 $650.2
$635.5
$615.1
$10.78 $10.56 $10.50 $10.26 $9.94
1Q174Q163Q162Q161Q16
Tangible Book Value Tangible Book Value per Share
$892.2 $881.2 $865.2 $849.3 $831.9
13.19% 13.10% 12.82% 12.70% 12.84%
12.50%
1Q174Q163Q162Q161Q16
Total Capital Total Capital Ratio Target
$716.7
$703.9
$688.4 $673.3
$658.0
10.59% 10.46% 10.20% 10.07% 10.16%
10.50%
1Q174Q163Q162Q161Q16
Tier 1 Common Equity Tier 1 Common Ratio Target
$669.7
$654.6 $650.2
$635.5
$615.1
8.05% 7.96% 7.97% 7.85% 7.71%
1Q174Q163Q162Q161Q16
Tangible Book Value Tangible Common Ratio
29
Appendix: Non-GAAP to GAAP Reconciliation
Net interest income and net interest margin - fully tax equivalent
Mar. 31, Dec. 31, Sep. 30, June 30, Mar. 31,
2017 2016 2016 2016 2016
Net interest income 68,932$ 70,166$ 68,818$ 67,132$ 66,555$
Tax equivalent adjustment 1,225 1,077 1,028 1,058 1,052
Net interest income - tax equivalent 70,157$ 71,243$ 69,846$ 68,190$ 67,607$
Average earning assets 7,695,717$ 7,630,148$ 7,591,160$ 7,475,711$ 7,398,013$
Net interest margin* 3.63 % 3.66 % 3.61 % 3.61 % 3.62 %
Net interest margin (fully tax equivalent)* 3.70 % 3.71 % 3.66 % 3.67 % 3.68 %
Three months ended
* Margins are calculated using net interest income annualized divided by average earning assets.
The earnings press release and accompanying presentation include certain non-GAAP ratios, such as net interest income-tax equivalent.
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.
30
Appendix: Non-GAAP to GAAP Reconciliation
Additional non-GAAP ratios
Mar. 31, Dec. 31, Sep. 30, June 30, Mar. 31,
(Dollars in thousands, except per share data) 2017 2016 2016 2016 2016
Net income (a) $24,414 $23,294 $22,850 $22,568 $19,814
Average total shareholders' equity 871,215 863,509 856,296 837,412 821,588
Less:
Goodw ill and other intangibles (210,324) (210,625) (210,888) (211,199) (211,533)
Average tangible equity (b) 660,891 652,884 645,408 626,213 610,055
Total shareholders' equity 880,065 865,224 861,137 846,723 826,587
Less:
Goodw ill and other intangibles (210,324) (210,625) (210,888) (211,199) (211,533)
Ending tangible equity (c) 669,741 654,599 650,249 635,524 615,054
Total assets 8,531,170 8,437,967 8,368,481 8,310,102 8,193,554
Less:
Goodw ill and other intangibles (210,324) (210,625) (210,888) (211,199) (211,533)
Ending tangible assets (d) 8,320,846 8,227,342 8,157,593 8,098,903 7,982,021
Risk-w eighted assets (e) 6,765,336 6,728,737 6,750,749 6,685,158 6,478,716
Total average assets 8,409,071 8,359,912 8,322,156 8,203,837 8,118,945
Less:
Goodw ill and other intangibles (210,324) (210,625) (210,888) (211,199) (211,533)
Average tangible assets (f) $8,198,747 $8,149,287 $8,111,268 $7,992,638 $7,907,412
Ending shares outstanding (g) 62,134,285 61,979,552 61,952,873 61,959,529 61,855,027
Ratios
Return on average tangible shareholders' equity (a)/(b) 14.98 % 14.19 % 14.08 % 14.49 % 13.06 %
Ending tangible equity as a percent of:
Ending tangible assets (c)/(d) 8.05 % 7.96 % 7.97 % 7.85 % 7.71 %
Risk-w eighted assets (c)/(e) 9.90 % 9.73 % 9.63 % 9.51 % 9.49 %
Average tangible equity as a percent of average tangible assets (b)/(f) 8.06 % 8.01 % 7.96 % 7.83 % 7.71 %
Tangible book value per share (c)/(g) 10.78$ 10.56$ 10.50$ 10.26$ 9.94$
Three months ended
The earnings press release and accompanying presentation include certain non-GAAP ratios. These ratios include: (1) Return on average tangible shareholders' equity; (2) Ending tangible
shareholders' equity as a percent of ending tangible assets; (3) Ending tangible shareholders' equity as a percent of risk-w eighted assets; (4) Average tangible shareholders' equity as a percent of
average tangible assets; and (5) Tangible book value per share. The Company considers these critical metrics w ith w hich to analyze banks. The ratios have been included in the earnings press
release to facilitate a better understanding of the Company's capital structure and f inancial condition.
31