#United States #Dividend #Cincinnati #Bancorp #First Financial

First Financial Bancorp Declares Quarterly Cash Dividend

On January 28, 2025, First Financial Bancorp, a prominent banking institution based in Cincinnati, Ohio, officially announced its intention to issue a quarterly cash dividend. The board of directors has set the dividend at $0.24 per common share, indicating the company’s continued commitment to returning value to its shareholders.

This cash dividend will be distributed to shareholders who are on record by March 3, 2025, and it is scheduled to be paid out on March 17, 2025. This action demonstrates First Financial's dedication to financial stability and its efforts to enhance shareholder returns even amid changing economic conditions.

About First Financial Bancorp

First Financial Bancorp is a well-established bank holding company that operates primarily through its subsidiary, First Financial Bank. As of the end of 2024, the company reported impressive financial metrics, including total assets amounting to $18.6 billion, with loans totaling $11.8 billion and deposits reaching up to $14.3 billion. The shareholders' equity stood at approximately $2.4 billion, reflecting the bank's strong financial health.

Founded in 1863, First Financial Bank has expanded its offerings across various sectors of banking and financial services. The organization operates through six main divisions, namely Commercial Banking, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance, and Wealth Management. This diversified approach allows the bank to cater to a wide range of clientele, from individual consumers to businesses, thereby fostering growth in both the commercial and retail sectors.

The Wealth Management division, in particular, stood out with around $3.7 billion in assets under management by the end of 2024, showcasing the effectiveness of the bank’s investment strategies and client engagement tactics. The division’s services include wealth planning, portfolio management, trusts and estates, brokerage, and retirement planning—highlighting a robust suite of offerings designed to meet the financial needs of its clients.

As of December 31, 2024, First Financial Bancorp operated 127 full-service banking centers throughout Ohio, Indiana, Kentucky, and Illinois. This geographic presence underlines the bank’s aim to provide accessible banking services to a diverse customer base. Furthermore, the Commercial Finance segment of the organization targets specific industrial sectors nationwide, extending its reach beyond the traditional geographical limitations of banking.

First Financial Bancorp’s commitment to community engagement, financial stability, and shareholder returns positions it as a trusted choice for banking in its service areas. The company continues to focus on innovative solutions in banking and investment to maintain its growth trajectory in an evolving financial landscape.

For those interested in learning more about First Financial Bancorp and its services, comprehensive details can be found on their official website at www.bankatfirst.com.

Overall, the quarterly cash dividend represents not just a reflection of the company’s performance but also an opportunity for shareholders to benefit directly from their investment in First Financial Bancorp, reinforcing the bank's mission to deliver effective financial solutions while rewarding its stakeholders thoughtfully.