First Financial Bancorp. (FFBC) Key Metrics
FFBC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.31B
- Enterprise value
- $3.53B
- P/E (TTM)
- 11.1 10-yr median 11.3
- Forward P/E
- 8.9
- PEG ratio
- 1.12
- Price / sales
- 3.5 10-yr median 3.1
- Price / book
- 1.1 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 4.2
- Dividend yield
- 3.21% $1.01 a year
- Beta
- 0.95
FFBC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFFBC valuation Price multiples at each fiscal year-end price.
FFBC returns How much profit the business earns on the capital it uses.
FFBC per-share figures Results divided by the shares outstanding at year-end.
FFBC financial health Debt, liquidity and how easily interest is covered.
FFBC efficiency & capital use Working capital cycle and where the cash goes.
FFBC valuation history
FFBC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FFBC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FFBC cash returned to shareholders
FFBC price vs earnings per share
FFBC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.40B | $2.56B | $2.26B | $2.29B | $2.34B | $1.72B | $2.51B | $2.13B | $1.64B | $1.76B |
| Enterprise value | −$565.7M | $303.3M | −$486.7M | −$79.7M | −$1.60B | −$1.45B | $1.14B | $683.9M | $1.04B | $1.45B |
| P/E ratio | 9.4 | 11.2 | 8.8 | 10.5 | 11.4 | 11.0 | 12.7 | 12.3 | 16.9 | 19.9 |
| Price / sales | 1.9 | 2.1 | 2.0 | 3.0 | 3.6 | 2.4 | 3.4 | 3.3 | 4.0 | 4.7 |
| Price / book | 0.9 | 1.1 | 1.0 | 1.1 | 1.0 | 0.8 | 1.1 | 1.0 | 1.8 | 2.0 |
| Price / free cash flow | 7.6 | 10.6 | 4.9 | 14.5 | 6.2 | 18.4 | 15.2 | 8.8 | 14.0 | 13.3 |
| Price / operating cash flow | 7.1 | 9.8 | 4.6 | 11.4 | 6.0 | 15.6 | 13.5 | 8.2 | 13.3 | 12.4 |
| EV / sales | -0.4 | 0.2 | -0.4 | -0.1 | -2.4 | -2.0 | 1.5 | 1.1 | 2.5 | 3.9 |
| EV / EBITDA | — | 1.0 | — | — | — | — | 4.2 | 2.9 | 8.1 | 10.1 |
| EV / free cash flow | — | 1.3 | — | — | — | — | 6.9 | 2.8 | 8.9 | 10.9 |
| Earnings yield | 10.7% | 8.9% | 11.3% | 9.5% | 8.8% | 9.1% | 7.9% | 8.1% | 5.9% | 5.0% |
| Free cash flow yield | 13.2% | 9.4% | 20.5% | 6.9% | 16.0% | 5.4% | 6.6% | 11.4% | 7.1% | 7.5% |
| Dividend yield | 4.0% | 3.5% | 3.9% | 3.8% | 3.7% | 5.2% | 3.5% | 3.7% | 2.5% | 2.2% |
| Shareholder yield (dividends + buybacks) | 4.0% | 3.5% | 3.9% | 3.8% | 8.4% | 6.2% | 6.2% | 3.7% | 2.5% | 2.2% |
| Share price at fiscal year-end | $25.02 | $26.88 | $23.75 | $24.23 | $24.38 | $17.53 | $25.44 | $23.72 | $26.35 | $28.45 |
| Per share | ||||||||||
| Revenue per share | $13.15 | $12.85 | $11.73 | $8.19 | $6.83 | $7.28 | $7.48 | $7.18 | $6.58 | $6.06 |
| Earnings per share | $2.67 | $2.40 | $2.69 | $2.30 | $2.14 | $1.59 | $2.00 | $1.93 | $1.56 | $1.43 |
| Operating cash flow per share | $3.53 | $2.75 | $5.12 | $2.12 | $4.07 | $1.12 | $1.88 | $2.91 | $1.99 | $2.30 |
| Free cash flow per share | $3.31 | $2.53 | $4.87 | $1.67 | $3.91 | $0.95 | $1.67 | $2.70 | $1.88 | $2.14 |
| Cash per share | $43.35 | $35.26 | $42.35 | $42.35 | $48.41 | $37.47 | $31.46 | $34.07 | $24.67 | $20.07 |
| Book value per share | $28.92 | $25.55 | $23.85 | $21.58 | $23.56 | $23.26 | $22.74 | $23.19 | $14.97 | $13.96 |
| Tangible book value per share | $16.20 | $14.16 | $12.39 | $10.00 | $12.03 | $13.05 | $12.48 | $12.91 | $11.63 | $10.56 |
| Dividends per share | $0.99 | $0.94 | $0.92 | $0.92 | $0.91 | $0.91 | $0.90 | $0.89 | $0.66 | $0.63 |
| Capex per share | $0.22 | $0.22 | $0.25 | $0.46 | $0.16 | $0.17 | $0.21 | $0.20 | $0.11 | $0.16 |
| Debt per share | $12.42 | $11.56 | $13.48 | $17.27 | $7.36 | $5.18 | $17.51 | $17.98 | $15.03 | $14.96 |
| Shares outstanding | 95.8M | 95.4M | 95.1M | 94.6M | 95.9M | 98.1M | 98.9M | 89.6M | 62.2M | 62.0M |
| Change in shares outstanding | +0.4% | +0.3% | +0.5% | −1.4% | −2.2% | −0.8% | +10.3% | +44.1% | +0.3% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.8% | 9.7% | 11.9% | 10.1% | 9.0% | 6.9% | 9.2% | 11.5% | 10.8% | 10.6% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 26.3% | 35.7% | 22.0% | 16.4% |
| Return on assets (ROA) | 1.3% | 1.3% | 1.5% | 1.3% | 1.3% | 1.0% | 1.4% | 1.5% | 1.1% | 1.1% |
| Return on tangible assets | 1.3% | 1.3% | 1.6% | 1.4% | 1.3% | 1.0% | 1.5% | 1.3% | 1.1% | 1.1% |
| Free cash flow margin | 25.2% | 19.7% | 41.5% | 20.3% | 57.3% | 13.1% | 22.4% | 37.6% | 28.6% | 35.4% |
| Income quality (OCF / net income) | 1.32 | 1.15 | 1.90 | 0.92 | 1.90 | 0.71 | 0.94 | 1.51 | 1.28 | 1.61 |
| Financial health | ||||||||||
| Total debt | $1.19B | $1.10B | $1.28B | $1.63B | $706.0M | $507.8M | $1.73B | $1.61B | $934.2M | $927.5M |
| Cash & short-term investments | $4.15B | $3.36B | $4.03B | $4.01B | $4.64B | $3.68B | $3.11B | $3.05B | $1.53B | $1.24B |
| Net debt | −$2.96B | −$2.26B | −$2.75B | −$2.37B | −$3.94B | −$3.17B | −$1.38B | −$1.44B | −$599.8M | −$316.4M |
| Debt / equity | 0.43 | 0.45 | 0.57 | 0.80 | 0.31 | 0.22 | 0.77 | 0.78 | 1.00 | 1.07 |
| Debt / assets | 0.06 | 0.06 | 0.07 | 0.10 | 0.04 | 0.03 | 0.12 | 0.12 | 0.11 | 0.11 |
| Net debt / EBITDA | −8.20 | −7.37 | −7.70 | −8.45 | −14.03 | −14.04 | −5.09 | −6.05 | −4.66 | −2.20 |
| Current ratio | 0.28 | 0.26 | 0.31 | 0.29 | 0.35 | 0.29 | 0.27 | 0.28 | 0.21 | 0.18 |
| Quick ratio | 0.28 | 0.26 | 0.33 | 0.34 | 0.38 | 0.31 | 0.30 | 0.28 | 0.21 | 0.18 |
| Interest coverage | 0.9 | 0.7 | 1.2 | 3.7 | 7.7 | 2.7 | 2.0 | 2.4 | 2.3 | 3.9 |
| Working capital | −$12.35B | −$11.14B | −$9.81B | −$10.38B | −$8.93B | −$9.17B | −$8.65B | −$8.19B | −$6.22B | −$6.12B |
| Invested capital | −$192.2M | $176.8M | −$477.2M | −$330.1M | −$1.68B | −$886.1M | $868.5M | $636.5M | $330.9M | $548.8M |
| Tangible asset value | $1.55B | $1.35B | $1.18B | $945.9M | $1.15B | $1.28B | $1.23B | $1.16B | $722.8M | $654.6M |
| Net current asset value | −$13.61B | −$12.18B | −$10.78B | −$10.72B | −$9.32B | −$9.94B | −$9.07B | −$8.76B | −$6.34B | −$6.24B |
| Graham number | $41.68 | $37.14 | $38.00 | $33.42 | $33.67 | $28.83 | $32.02 | $31.70 | $22.90 | $21.18 |
| Graham net-net per share | −$143.72 | −$129.23 | −$115.84 | −$117.48 | −$99.95 | −$103.09 | −$93.45 | −$97.98 | −$102.36 | −$100.93 |
| Capital allocation | ||||||||||
| Dividends paid | $94.6M | $89.5M | $87.2M | $86.6M | $87.3M | $89.7M | $89.1M | $79.7M | $41.2M | $39.1M |
| Share buybacks (net) | — | — | $0 | $0 | $108.1M | $16.7M | $66.2M | $0 | $0 | $0 |
| Dividend payout ratio | 37.0% | 39.1% | 34.1% | 39.8% | 42.6% | 57.6% | 45.0% | 46.2% | 42.5% | 44.2% |
| Dividends + buybacks / free cash flow | 29.8% | 37.1% | 18.8% | 55.0% | 52.1% | 113.9% | 93.9% | 32.9% | 35.2% | 29.4% |
| Capex / revenue | 1.6% | 1.7% | 2.2% | 5.6% | 2.3% | 2.3% | 2.8% | 2.8% | 1.6% | 2.6% |
| Capex / operating cash flow | 6.1% | 8.0% | 5.0% | 21.5% | 3.9% | 15.0% | 11.2% | 7.0% | 5.3% | 6.8% |
| Capex / depreciation | 0.52 | 0.55 | 0.64 | 1.11 | 0.48 | 0.49 | 0.74 | 0.75 | 0.52 | 0.75 |
| Stock-based compensation / revenue | 1.2% | 1.3% | 1.3% | 1.7% | 1.5% | 1.1% | 1.1% | 1.0% | 1.3% | 1.4% |
| SG&A / revenue | 29.7% | 30.1% | 31.1% | 39.5% | 39.6% | 34.8% | 32.9% | 36.0% | 39.2% | 40.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 171.3 | 156.0 | 113.7 | 80.6 | 50.9 | 41.2 | 44.9 | 51.8 | 81.4 | 90.9 |
| Days of inventory on hand | — | — | -521.1 | -2,679.9 | -11,012.4 | -791.4 | -343.4 | 22.0 | 31.1 | 421.5 |
| Days payables outstanding | — | — | — | 2,632.8 | 14,181.4 | 1,102.0 | 569.4 | 505.4 | 881.2 | 924.3 |
| Cash conversion cycle (days) | — | — | — | -5,232.1 | -25,142.9 | -1,852.2 | -867.9 | -431.7 | -768.7 | -411.9 |
| Receivables turnover | 2.13 | 2.34 | 3.21 | 4.53 | 7.17 | 8.85 | 8.13 | 7.04 | 4.49 | 4.01 |
| Payables turnover | — | — | — | 0.14 | 0.03 | 0.33 | 0.64 | 0.72 | 0.41 | 0.39 |
| Inventory turnover | — | — | — | — | — | — | — | 16.62 | 11.72 | 0.87 |
| Asset turnover | 0.06 | 0.07 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 |
| Average receivables | $591.2M | $523.7M | $347.5M | $171.1M | $91.3M | $80.7M | $90.9M | $91.4M | $91.2M | $93.5M |
| Average payables | — | — | — | $559.6M | $504.2M | $419.7M | $239.9M | $146.8M | $128.2M | $110.0M |
| Average inventory | — | — | −$454.5M | −$569.6M | −$391.6M | −$301.4M | −$144.6M | $6.4M | $4.5M | $50.1M |
| Intangibles / total assets | 5.8% | 5.9% | 6.2% | 6.4% | 6.8% | 6.3% | 7.0% | 6.6% | 2.3% | 2.5% |
Computed from FFBC's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FFBC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), First Financial Bancorp. traded at 9.4 times earnings, against a 10-year median of 11.3. Based on the latest twelve months, the trailing P/E is 11.1 and the forward P/E is 8.9. First Financial Bancorp. earned a return on equity of 9.8% in fiscal 2025. It ended the year with $1.2 billion of debt and $4.2 billion in cash and short-term investments, a net cash position of $3.0 billion. It returned $94.6 million to shareholders: $94.6 million in dividends and $0 in share buybacks, 30% of free cash flow. The share count rose 54.5% from 62.0M to 95.8M over 9 years.
See the FFBC income statement, the FFBC chart for price history, or the FFBC stock overview for the latest quote and news.
FFBC key metrics FAQ
What is First Financial Bancorp.'s P/E ratio?
First Financial Bancorp.'s trailing P/E ratio is 11.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.9. At the end of fiscal 2025 it was 9.4, compared with a 10-year median of 11.3.
What is First Financial Bancorp.'s return on equity?
First Financial Bancorp.'s return on equity (ROE) was 9.8% in fiscal 2025: net income of $255.6 million on average shareholders' equity of $2.6 billion.
How much debt does First Financial Bancorp. have?
First Financial Bancorp. had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.43 and more cash than debt.
What is First Financial Bancorp.'s dividend yield?
First Financial Bancorp.'s forward dividend yield is 3.21%. First Financial Bancorp. paid $94.6 million in dividends in fiscal 2025 ($0.99 per share), a payout ratio of 37.0%.
What is First Financial Bancorp.'s free cash flow yield?
First Financial Bancorp. generated $317.1 million of free cash flow in fiscal 2025, a free cash flow yield of 13.2% on its market value at year-end ($2.4 billion).
What is First Financial Bancorp.'s current ratio?
First Financial Bancorp.'s current ratio was 0.28 at the end of fiscal 2025: current assets were 0.28 times current liabilities.