Return on average assets of 1.54%; 1.55% on an adjusted(1) basis
Net interest margin on FTE basis(1) of 4.02%
Record total revenue of $234 million
Record noninterest income of $73.5 million; $73.6 million on an adjusted(1) basis
TCE ratio increased to 8.87%; ROATCE of 19%
Annualized net charge-offs of 0.18%
Obtained regulatory approval for Westfield acquisition; expected close November 1st
CINCINNATI, Oct. 23, 2025 /PRNewswire/ -- First Financial Bancorp. (NASDAQ:FFBC) ("First Financial" or the "Company") announced financial results for the three and nine months ended September 30, 2025.
For the three months ended September 30, 2025, the Company reported net income of $71.9 million, or $0.75 per diluted common share. These results compare to net income of $70.0 million, or $0.73 per diluted common share, for the second quarter of 2025. For the nine months ended September 30, 2025, First Financial had earnings per diluted share of $2.02 compared to $1.72 for the same period in 2024.
Return on average assets for the third quarter of 2025 was 1.54% while return on average tangible common equity was 19.11%(1). These compare to return on average assets of 1.52% and return on average tangible common equity of 19.61%(1) in the second quarter of 2025.
Third quarter 2025 highlights include:
Robust net interest margin of 3.99%, or 4.02% on a fully tax-equivalent basis(1)
3 bp decrease from second quarter
1 bp increase in funding costs and 2 bp decrease in asset yields
Record noninterest income of $73.5 million; $73.6 million on an adjusted(1) basis
Leasing business income remains strong at $21.0 million
Foreign exchange income increased 21.1% to $16.7 million
Other noninterest income increased $2.8 million due to higher syndication fees and higher income on other investments
Noninterest expenses of $134.3 million, or $133.3 million as adjusted(1); 4.5% increase from linked quarter
Third quarter adjustments(1) include $0.1 million of tax credit investment writedowns and $0.8 million of efficiency and acquisition related costs
Increase driven by incentive compensation tied to record fee income
Efficiency ratio of 57.4%; 57.0% as adjusted(1)
Slight decline in loan balances during the quarter
Average loan balances increased $11.9 million compared to second quarter while end of period loan balances decreased $71.6 million
Average deposit growth of 4.3% on an annualized basis
Average deposit balances increased $157.2 million
Growth in brokered deposits, money markets and interest-bearing demand partially offset by a seasonal decline in public funds
____________________________________________________________________________________________
(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled "Use of Non-GAAP Financial Measures" in this release and "Appendix: Non-GAAP to GAAP Reconciliation" in the accompanying slide presentation.
Total Allowance for Credit Losses of $179.5 million; Total quarterly provision expense of $9.1 million
Loans and leases - ACL of $161.9 million; ratio to total loans of 1.38%
Unfunded Commitments - ACL of $17.6 million
Annualized net charge-offs were 18 bps of total loans; 3 bp decline from linked quarter
Nonperforming assets remained flat at 0.41% of total assets
Capital ratios remain strong
Total capital ratio increased 34 bps to 15.32%
Tier 1 common equity increased 34 bps to 12.91%
Tangible common equity of 8.87%(1); 10.15%(1) excluding impact from AOCI
Tangible book value per share of $16.19(1); 5.1% increase from linked quarter
Archie Brown, President and CEO, commented on third quarter results, "The third quarter of 2025 was another outstanding quarter for First Financial. Adjusted(1) net income was $72.6 million and adjusted(1) earnings per share were $0.76, which resulted in an adjusted(1) return on assets of 1.55% and an adjusted(1) return on tangible common equity of 19.3%."
Mr. Brown continued, "We achieved record revenue in the third quarter driven by a robust net interest margin and record noninterest income. We have successfully maintained asset yields, while moderating our funding costs, which combined to result in an industry-leading net interest margin. In addition, our diverse income streams remain a positive differentiator for us, with our adjusted(1) noninterest income representing 31% of total net revenue for the quarter.
Expenses continue to be well-managed. Excluding incentives tied to strong performance and the record fee income, total noninterest expenses were flat compared to the second quarter. Our workforce efficiency efforts continued during the period, and we have successfully reduced our full time equivalents by approximately 200, or 9%, since we began our initiative two years ago. We expect further efficiencies subsequent to the integration of our pending acquisitions."
Mr. Brown further remarked, "Loan balances declined modestly during the quarter, falling short of our expectations. Lower production in our specialty businesses, along with a greater percentage of construction originations, which fund over time, drove the modest decline. Loan pipelines are very healthy as we enter the fourth quarter, and we expect a return to mid-single digit loan growth as we close out the year."
Mr. Brown commented on asset quality and capital, "Asset quality metrics were stable for the third quarter. Nonperforming assets were flat as a percent of assets and annualized net charge-offs were 18 basis points, which was a slight improvement from the linked quarter.
We were very happy that our strong earnings led to the continued growth in tangible book value per share and tangible common equity during the third quarter. Tangible book value per share of $16.19 increased 5% from the linked quarter and 14% from a year ago, while tangible common equity increased 47 basis points from June 30th, to 8.87% at the end of September."
Mr. Brown concluded, "We remain excited about our pending acquisitions and are pleased to have received formal regulatory approval for our acquisition of Westfield Bank, which is expected to close on November 1st. Our application for the acquisition of BankFinancial is in process and we anticipate closing that transaction early in the first quarter of 2026.
We are very proud of our financial performance through the first nine months of the year, which have resulted in industry leading profitability. We expect to have another strong quarter to close 2025 and build positive momentum as we head into 2026."
Full detail of the Company's third quarter 2025 performance is provided in the accompanying financial statements and slide presentation.
Teleconference / Webcast InformationFirst Financial's executive management will host a conference call to discuss the Company's financial and operating results on Friday, October 24, 2025 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (888) 550-5723 (U.S. toll free) or (646) 960-0471 (U.S. local), access code 5048068. The number should be dialed five to ten minutes prior to the start of the conference call. A replay of the conference call will be available beginning one hour after the completion of the live call at (800) 770-2030 (U.S. toll free), (609) 800-9099 (U.S. toll), access code 5048068. The recording will be available until November 7, 2025. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company's website at www.bankatfirst.com. The webcast will be archived on the Investor Relations section of the Company's website for 12 months.
Press Release and Additional Information on WebsiteThis press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.
Use of Non-GAAP Financial MeasuresThis earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company's results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled "Appendix: Non-GAAP to GAAP Reconciliation" in the accompanying slide presentation.
Forward-Looking Statements
Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. 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. Forward-looking statements are not historical facts but instead express only management's beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management's control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these 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:
economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company's business;
future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses
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;
Management's ability to effectively execute its business plans;
mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;
the possibility that any of the anticipated benefits of the Company's acquisitions will not be realized or will not be realized within the expected time period;
the effect of changes in accounting policies and practices;
changes in consumer spending, borrowing and saving and changes in unemployment;
changes in customers' performance and creditworthiness;
the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;
current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, trade and tariff policies, and any slowdown in global economic growth;
our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;
financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;
the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;
the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;
a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;
the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and
our ability to develop and execute effective business plans and strategies.
Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2024, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov.
All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.
About First Financial Bancorp.First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of September 30, 2025, the Company had $18.6 billion in assets, $11.7 billion in loans, $14.4 billion in deposits and $2.6 billion in shareholders' equity. The Company's subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $4.0 billion in assets under management as of September 30, 2025. The Company operated 127 full service banking centers as of September 30, 2025, located in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. In 2025, First Financial Bank received its second consecutive Outstanding rating from the Federal Reserve for its performance under the Community Reinvestment Act and was recognized as a Gallup Exceptional Workplace Award winner, one of only 70 Gallup clients worldwide to receive this designation. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.
FIRST FINANCIAL BANCORP.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
(Unaudited)
Three Months Ended,
Nine months ended,
Sep. 30,
June 30,
Mar. 31,
Dec. 31,
Sep. 30,
Sep. 30,
2025
2025
2025
2024
2024
2025
2024
RESULTS OF OPERATIONS
Net income
$ 71,923
$ 69,996
$ 51,293
$ 64,885
$ 52,451
$ 193,212
$ 163,945
Net earnings per share - basic
$ 0.76
$ 0.74
$ 0.54
$ 0.69
$ 0.56
$ 2.04
$ 1.74
Net earnings per share - diluted
$ 0.75
$ 0.73
$ 0.54
$ 0.68
$ 0.55
$ 2.02
$ 1.72
Dividends declared per share
$ 0.25
$ 0.24
$ 0.24
$ 0.24
$ 0.24
$ 0.73
$ 0.70
KEY FINANCIAL RATIOS
Return on average assets
1.54 %
1.52 %
1.13 %
1.41 %
1.17 %
1.40 %
1.24 %
Return on average shareholders' equity
11.08 %
11.16 %
8.46 %
10.57 %
8.80 %
10.26 %
9.50 %
Return on average tangible shareholders' equity (1)
19.11 %
19.61 %
15.16 %
19.08 %
16.29 %
18.03 %
18.02 %
Net interest margin
3.99 %
4.01 %
3.84 %
3.91 %
4.05 %
3.95 %
4.05 %
Net interest margin (fully tax equivalent) (1)(2)
4.02 %
4.05 %
3.88 %
3.94 %
4.08 %
3.98 %
4.09 %
Ending shareholders' equity as a percent of ending assets
14.18 %
13.73 %
13.55 %
13.13 %
13.50 %
14.18 %
13.50 %
Ending tangible shareholders' equity as a percent of:
Ending tangible assets (1)
8.87 %
8.40 %
8.16 %
7.73 %
7.98 %
8.87 %
7.98 %
Risk-weighted assets (1)
10.95 %
10.44 %
10.10 %
9.61 %
9.86 %
10.95 %
9.86 %
Average shareholders' equity as a percent of average assets
13.87 %
13.66 %
13.38 %
13.36 %
13.28 %
13.64 %
13.08 %
Average tangible shareholders' equity as a percent of average tangible assets (1)
8.54 %
8.26 %
7.94 %
7.87 %
7.64 %
8.25 %
7.35 %
Book value per share
$ 27.48
$ 26.71
$ 26.13
$ 25.53
$ 25.66
$ 27.48
$ 25.66
Tangible book value per share (1)
$ 16.19
$ 15.40
$ 14.80
$ 14.15
$ 14.26
$ 16.19
$ 14.26
Common equity tier 1 ratio (3)
12.91 %
12.57 %
12.29 %
12.16 %
12.04 %
12.91 %
12.04 %
Tier 1 ratio (3)
13.23 %
12.89 %
12.61 %
12.48 %
12.37 %
13.23 %
12.37 %
Total capital ratio (3)
15.32 %
14.98 %
14.90 %
14.64 %
14.58 %
15.32 %
14.58 %
Leverage ratio (3)
10.50 %
10.28 %
10.01 %
9.98 %
9.93 %
10.50 %
9.93 %
AVERAGE BALANCE SHEET ITEMS
Loans (4)
$ 11,806,065
$ 11,792,840
$ 11,724,727
$ 11,687,886
$ 11,534,000
$ 11,774,842
$ 11,347,720
Investment securities
3,552,014
3,478,921
3,411,593
3,372,539
3,274,498
3,481,357
3,181,575
Interest-bearing deposits with other banks
610,074
542,815
615,812
654,251
483,880
589,546
545,402
Total earning assets
$ 15,968,153
$ 15,814,576
$ 15,752,132
$ 15,714,676
$ 15,292,378
$ 15,845,745
$ 15,074,697
Total assets
$ 18,566,188
$ 18,419,437
$ 18,368,604
$ 18,273,419
$ 17,854,191
$ 18,452,133
$ 17,630,374
Noninterest-bearing deposits
$ 3,124,277
$ 3,143,081
$ 3,091,037
$ 3,162,643
$ 3,106,239
$ 3,119,587
$ 3,139,939
Interest-bearing deposits
11,387,648
11,211,694
11,149,633
11,177,010
10,690,265
11,250,530
10,429,538
Total deposits
$ 14,511,925
$ 14,354,775
$ 14,240,670
$ 14,339,653
$ 13,796,504
$ 14,370,117
$ 13,569,477
Borrowings
$ 823,346
$ 910,573
$ 1,001,337
$ 855,083
$ 1,053,737
$ 911,100
$ 1,121,086
Shareholders' equity
$ 2,575,203
$ 2,515,747
$ 2,457,785
$ 2,441,045
$ 2,371,125
$ 2,516,675
$ 2,306,147
CREDIT QUALITY RATIOS
Allowance to ending loans
1.38 %
1.34 %
1.33 %
1.33 %
1.37 %
1.38 %
1.37 %
Allowance to nonaccrual loans
213.18 %
206.08 %
261.07 %
237.66 %
242.72 %
213.18 %
242.72 %
Nonaccrual loans to total loans
0.65 %
0.65 %
0.51 %
0.56 %
0.57 %
0.65 %
0.57 %
Nonperforming assets to ending loans, plus OREO
0.65 %
0.65 %
0.51 %
0.56 %
0.57 %
0.65 %
0.57 %
Nonperforming assets to total assets
0.41 %
0.41 %
0.32 %
0.36 %
0.36 %
0.41 %
0.36 %
Classified assets to total assets
1.18 %
1.15 %
1.16 %
1.21 %
1.14 %
1.18 %
1.14 %
Net charge-offs to average loans (annualized)
0.18 %
0.21 %
0.36 %
0.40 %
0.25 %
0.25 %
0.26 %
(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled "Use of Non-GAAP Financial Measures" in this release and "Appendix: Non-GAAP to GAAP Reconciliation" in the accompanying slide presentation.
(2) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% 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.
(3) September 30, 2025 regulatory capital ratios are preliminary.
(4) Includes loans held for sale.
FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)
Three months ended,
Nine months ended,
Sep. 30,
Sep. 30,
2025
2024
% Change
2025
2024
% Change
Interest income
Loans and leases, including fees
$ 204,865
$ 215,433
(4.9) %
$ 603,488
$ 629,033
(4.1) %
Investment securities
Taxable
36,421
32,367
12.5 %
107,065
90,958
17.7 %
Tax-exempt
2,195
2,616
(16.1) %
6,632
8,412
(21.2) %
Total investment securities interest
38,616
34,983
10.4 %
113,697
99,370
14.4 %
Other earning assets
6,773
6,703
1.0 %
19,388
22,121
(12.4) %
Total interest income
250,254
257,119
(2.7) %
736,573
750,524
(1.9) %
Interest expense
Deposits
77,766
86,554
(10.2) %
231,891
245,651
(5.6) %
Short-term borrowings
5,979
9,932
(39.8) %
19,917
32,270
(38.3) %
Long-term borrowings
6,023
5,073
18.7 %
16,714
14,992
11.5 %
Total interest expense
89,768
101,559
(11.6) %
268,522
292,913
(8.3) %
Net interest income
160,486
155,560
3.2 %
468,051
457,611
2.3 %
Provision for credit losses-loans and leases
8,612
9,930
(13.3) %
26,837
39,506
(32.1) %
Provision for credit losses-unfunded commitments
453
694
(34.7) %
730
(1,279)
(157.1) %
Net interest income after provision for credit losses
151,421
144,936
4.5 %
440,484
419,384
5.0 %
Noninterest income
Service charges on deposit accounts
7,829
7,547
3.7 %
23,058
21,647
6.5 %
Wealth management fees
7,351
6,910
6.4 %
23,275
20,758
12.1 %
Bankcard income
3,589
3,698
(2.9) %
10,636
10,740
(1.0) %
Client derivative fees
1,876
1,160
61.7 %
5,121
3,173
61.4 %
Foreign exchange income
16,666
12,048
38.3 %
42,970
39,270
9.4 %
Leasing business income
20,997
16,811
24.9 %
60,497
48,228
25.4 %
Net gains from sales of loans
6,835
5,021
36.1 %
17,844
13,284
34.3 %
Net gain (loss) on investment securities
(42)
(17,468)
(99.8) %
(9,748)
(22,719)
(57.1) %
Other
8,424
9,974
(15.5) %
19,018
19,333
(1.6) %
Total noninterest income
73,525
45,701
60.9 %
192,671
153,714
25.3 %
Noninterest expenses
Salaries and employee benefits
80,607
74,813
7.7 %
230,762
224,075
3.0 %
Net occupancy
6,003
5,919
1.4 %
17,867
17,635
1.3 %
Furniture and equipment
3,582
3,617
(1.0) %
10,836
10,951
(1.1) %
Data processing
9,591
8,857
8.3 %
27,370
26,039
5.1 %
Marketing
2,359
2,255
4.6 %
7,114
6,822
4.3 %
Communication
695
851
(18.3) %
2,188
2,462
(11.1) %
Professional services
2,314
2,303
0.5 %
8,602
7,456
15.4 %
Amortization of tax credit investments
112
32
250.0 %
335
94
256.4 %
State intangible tax
1,531
876
74.8 %
3,925
2,628
49.4 %
FDIC assessments
2,611
3,036
(14.0) %
8,281
8,473
(2.3) %
Intangible amortization
2,359
2,395
(1.5) %
7,076
7,092
(0.2) %
Leasing business expense
13,911
11,899
16.9 %
39,868
31,781
25.4 %
Other
8,594
8,906
(3.5) %
26,792
26,180
2.3 %
Total noninterest expenses
134,269
125,759
6.8 %
391,016
371,688
5.2 %
Income before income taxes
90,677
64,878
39.8 %
242,139
201,410
20.2 %
Income tax expense
18,754
12,427
50.9 %
48,927
37,465
30.6 %
Net income
$ 71,923
$ 52,451
37.1 %
$ 193,212
$ 163,945
17.9 %
ADDITIONAL DATA
Net earnings per share - basic
$ 0.76
$ 0.56
$ 2.04
$ 1.74
Net earnings per share - diluted
$ 0.75
$ 0.55
$ 2.02
$ 1.72
Dividends declared per share
$ 0.25
$ 0.24
$ 0.73
$ 0.70
Return on average assets
1.54 %
1.17 %
1.40 %
1.24 %
Return on average shareholders' equity
11.08 %
8.80 %
10.26 %
9.50 %
Interest income
$ 250,254
$ 257,119
(2.7) %
$ 736,573
$ 750,524
(1.9) %
Tax equivalent adjustment
1,248
1,362
(8.4) %
3,707
4,315
(14.1) %
Interest income - tax equivalent
251,502
258,481
(2.7) %
740,280
754,839
(1.9) %
Interest expense
89,768
101,559
(11.6) %
268,522
292,913
(8.3) %
Net interest income - tax equivalent
$ 161,734
$ 156,922
3.1 %
$ 471,758
$ 461,926
2.1 %
Net interest margin
3.99 %
4.05 %
3.95 %
4.05 %
Net interest margin (fully tax equivalent) (1)
4.02 %
4.08 %
3.98 %
4.09 %
Full-time equivalent employees
1,986
2,084
(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present 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.
FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)
2025
Third
Second
First
Year to
% Change
Quarter
Quarter
Quarter
Date
Linked Qtr.
Interest income
Loans and leases, including fees
$ 204,865
$ 201,460
$ 197,163
$ 603,488
1.7 %
Investment securities
Taxable
36,421
36,243
34,401
107,065
0.5 %
Tax-exempt
2,195
2,233
2,204
6,632
(1.7) %
Total investment securities interest
38,616
38,476
36,605
113,697
0.4 %
Other earning assets
6,773
5,964
6,651
19,388
13.6 %
Total interest income
250,254
245,900
240,419
736,573
1.8 %
Interest expense
Deposits
77,766
75,484
78,641
231,891
3.0 %
Short-term borrowings
5,979
6,393
7,545
19,917
(6.5) %
Long-term borrowings
6,023
5,754
4,937
16,714
4.7 %
Total interest expense
89,768
87,631
91,123
268,522
2.4 %
Net interest income
160,486
158,269
149,296
468,051
1.4 %
Provision for credit losses-loans and leases
8,612
9,084
9,141
26,837
(5.2) %
Provision for credit losses-unfunded commitments
453
718
(441)
730
(36.9) %
Net interest income after provision for credit losses
151,421
148,467
140,596
440,484
2.0 %
Noninterest income
Service charges on deposit accounts
7,829
7,766
7,463
23,058
0.8 %
Wealth management fees
7,351
7,787
8,137
23,275
(5.6) %
Bankcard income
3,589
3,737
3,310
10,636
(4.0) %
Client derivative fees
1,876
1,674
1,571
5,121
12.1 %
Foreign exchange income
16,666
13,760
12,544
42,970
21.1 %
Leasing business income
20,997
20,797
18,703
60,497
1.0 %
Net gains from sales of loans
6,835
6,687
4,322
17,844
2.2 %
Net gain (loss) on investment securities
(42)
243
(9,949)
(9,748)
(117.3) %
Other
8,424
5,612
4,982
19,018
50.1 %
Total noninterest income
73,525
68,063
51,083
192,671
8.0 %
Noninterest expenses
Salaries and employee benefits
80,607
74,917
75,238
230,762
7.6 %
Net occupancy
6,003
5,845
6,019
17,867
2.7 %
Furniture and equipment
3,582
3,441
3,813
10,836
4.1 %
Data processing
9,591
