Revenue Update on First Financial Bancorp(NASDAQ:FFBC)

First Financial Bancorp(NASDAQ:FFBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $87.33M. Analysts estimated a revenue of $85.08M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.34.

First Financial Bancorp (FFBC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.15% or 0.03 points. Due to strong positive momentum, the stock ended at $20.41, which is also near the day’s high of $20.52. The stock began the session at $20.52 and the volume stood at 1,37,530 shares. The 52-week high of the shares is $21 and the 52 week low is $13.76. The company has a current market capitalization of $1,263 M and it has 6,18,58,864 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Maribeth S Rahe (director) purchased 389 shares at $20.34 per share price.Also, On Jul 19, 2016, Richard E Olszewski (director) purchased 312 shares at $20.34 per share price.On Jul 19, 2016, John T Neighbours (director) purchased 321 shares at $20.34 per share price, according to the Form-4 filing with the securities and exchange commission.

First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary First Financial Bank National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses includes commercial lending real estate lending and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower which may either be residential property (one to four family residential housing units) or commercial property. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts time deposits and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services.

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