First Financial Bancorp, a financial holding company based in Cincinnati, Ohio, reported its financial results for the third quarter of 2025, revealing a net income of $71.9 million, or $0.75 per diluted share, compared to $52.5 million, or $0.55 per diluted share, in the same period last year. For the nine months ending September 30, 2025, the company achieved a net income of $193.2 million, up from $163.9 million in the prior year. The increase in profitability was attributed to a rise in net interest income, which reached $160.5 million for the quarter, a 1.4% increase from the previous quarter, and $468.1 million for the nine months, reflecting a 2.3% year-over-year growth.
Total assets as of September 30, 2025, were $18.6 billion, slightly down from $18.57 billion at the end of 2024. The company’s loan portfolio decreased marginally to $11.71 billion, with notable declines in construction loans and installment loans, while home equity and residential real estate loans saw increases. The allowance for credit losses rose to $161.9 million, representing 1.38% of total loans, reflecting a proactive approach to managing credit risk amid changing economic conditions.
Strategically, First Financial has been active in expanding its market presence through acquisitions. The company announced a merger agreement with BankFinancial Corporation, which will enhance its footprint in the Chicago area, and it recently completed the acquisition of Westfield Bancorp, further solidifying its position in Northeast Ohio. The Agile Premium Finance acquisition, completed in February 2024, has also contributed to diversifying First Financial's offerings in the insurance premium financing sector.
Operationally, First Financial reported a total of 127 full-service banking centers and a wealth management division managing $4.0 billion in assets as of September 30, 2025. The company’s noninterest income for the third quarter was $73.5 million, an 8.0% increase from the previous quarter, driven by growth in foreign exchange income and leasing business income. The total deposits increased to $14.43 billion, reflecting a 0.7% growth from the end of 2024, with significant contributions from savings and time deposits.
Looking ahead, First Financial remains focused on maintaining its growth trajectory while managing risks associated with credit quality and market conditions. The company anticipates that its strategic acquisitions will bolster its competitive position and enhance its service offerings, while ongoing monitoring of economic indicators will guide its operational decisions. The management expressed confidence in the company’s ability to navigate the evolving financial landscape and deliver value to its shareholders.
About FIRST FINANCIAL BANCORP /OH/
First Financial Bancorp. is a regional bank holding company providing commercial banking, real estate, consumer loans, and deposit services. Its primary market includes Ohio, Indiana, Kentucky, and Illinois, serving individuals and small to medium-sized businesses. The company offers wealth management, niche lending, and foreign exchange services, leveraging local decision-making and long-term client relationships to maintain competitive advantages in community and specialty banking.
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