# EDGAR Filing Document

**Accession Number:** 0000708955
**File Stem:** 0000708955-23-000006
**Filing Date:** 2023-1
**Character Count:** 142999
**Document Hash:** eb04ae4f1f5270a4446825e74abd10bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000708955-23-000006.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000708955-23-000006

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 46

**CONFORMED PERIOD OF REPORT**: 20230126

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST FINANCIAL BANCORP /OH/
- **CENTRAL INDEX KEY:** 0000708955
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 311042001
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34762
- **FILM NUMBER:** 23557980

**BUSINESS ADDRESS:**
- **STREET 1:** 255 EAST FIFTH STREET
- **STREET 2:** SUITE 800
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202
- **BUSINESS PHONE:** 8773229530

**MAIL ADDRESS:**
- **STREET 1:** 255 EAST FIFTH STREET
- **STREET 2:** SUITE 800
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202

?xml version="1.0" ? ffbc-20230126

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 8-K** 

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934** 

Date of Report (Date of earliest event reported): January 26, 2023

**FIRST FINANCIAL BANCORP.** 

**(Exact name of registrant as specified in its charter)** 

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| | | | |
|:---|:---|:---|:---|
| **Ohio** | **001-34762** | **001-34762** | **31-1042001** |
| (State or other jurisdiction of<br>incorporation or organization) | (Commission File Number) | (Commission File Number) | (I.R.S. employer<br>identification number) |
| **255 East Fifth Street, Suite 800** | **Cincinnati,** | **Ohio** | **45202** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: (877) 322-9530

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol Name of exchange on which registered <br> Common stock, No par value FFBC The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company &nbsp;&nbsp;&nbsp;&nbsp;☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &nbsp;&nbsp;&nbsp;&nbsp;☐

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**Item 2.02**&nbsp;&nbsp;&nbsp;&nbsp;**Results of Operations and Financial Condition.**

On January 26, 2023, First Financial Bancorp. (the "Company") issued its earnings press release that included its results of operations and financial condition for the twelve months and fourth quarter of 2022. A copy of the earnings press release is attached as Exhibit 99.1.

The Company also provided electronic presentation slides that will be used in connection with the earnings conference call. A copy of the electronic presentation slides is included in this Report as Exhibit 99.2 and will be available on the Company's website, <u>[www.bankatfirst.com](#ia2df46af957a4202a04b3bd7cba45ed7_1)</u>.

The information set forth in this Current Report on Form 8-K (including the information in Exhibits 99.1 and 99.2 attached hereto) is being furnished to the Securities and Exchange Commission and is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")&nbsp;&nbsp;&nbsp;&nbsp;, or otherwise subject to the liabilities under the Exchange Act. Such information shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following exhibits shall not be deemed to be "filed" for purposes of the Exchange Act:

**&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibit No.</u>**&nbsp;&nbsp;&nbsp;&nbsp;**<u>Description</u>**

&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.1 First Financial Bancorp. Press Release dated January 26, 2023](a8k4q22earningsreleaseex991.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.2 First Financial Bancorp. presentation materials](exh992earningsrelease4q2.htm)</u> 

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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**SIGNATURES**

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**FIRST FINANCIAL BANCORP.**

---

| | | |
|:---|:---|:---|
| | | By: /s/ James M. Anderson |
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James M. Anderson |
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and Chief Financial Officer |
| Date: | January 26, 2023 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exhibit 99.1**

![yellowbara12.jpg](yellowbara12.jpg)![bancorplogoa04.jpg](bancorplogoa04.jpg)

**First Financial Bancorp Announces Fourth Quarter and Full Year 2022 Financial Results and Quarterly Dividend**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Earnings per diluted share of $0.73**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Return on average assets of 1.63%**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net interest margin on FTE basis**<sup>(1)</sup> **of 4.47%; 49 bp increase from linked quarter**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Loan growth of $501.5 million; 20.3% on an annualized basis**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Record quarterly revenue driven by increase in net interest income and record fee income**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Strong credit quality with net recoveries and declining nonperforming assets**

Cincinnati, Ohio - January 26, 2023. First Financial Bancorp. (Nasdaq: FFBC) ("First Financial" or the "Company") announced financial results for the three and twelve months ended December 31, 2022.

For the three months ended December 31, 2022, the Company reported net income of $69.1 million, or $0.73 per diluted common share. These results compare to net income of $55.7 million, or $0.59 per diluted common share, for the third quarter of 2022. For the twelve months ended December 31, 2022, First Financial had earnings per diluted share of $2.30 compared to $2.14 for the same period in 2021.

Return on average assets for the fourth quarter of 2022 was 1.63% while return on average tangible common equity was 29.93%<sup>(1)</sup>. These compare to return on average assets of 1.35% and return on average tangible common equity of 22.29%<sup>(1)</sup> in the third quarter of 2022.

Fourth quarter 2022 highlights include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strong loan growth when compared to linked quarter<sup>(2)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Loan balances increased $501.5 million compared to the third quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Growth of 20.3% on an annualized basis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Broad based portfolio growth; Summit contributed $129.7 million of the quarterly growth

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin of 4.43%, or 4.47% on a fully tax-equivalent basis<sup>(1)</sup>, exceeded expectations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ 49 bp increase to 4.47% from 3.98% in the third quarter due to higher asset yields resulting from higher interest rates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ 96 bp increase in loan yields offset 31 bp increase in cost of deposits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Stable core deposit balances; $58.0 million decline in total deposit balances, excluding $319.3 million increase in brokered CD's

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Record noninterest income of $56.0 million, or $55.1 million as adjusted<sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Record foreign exchange income of $19.6 million; 66.7% increase from third quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Record leasing business income of $11.1 million; 56.1% increase from third quarter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Adjusted<sup>(1)</sup> for $0.9 million gain on investment securities

________________________________________________________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup> The consolidated balance sheets at December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 include assets acquired and liabilities assumed in the Summit Financial transaction. The fair value measurements of assets acquired and liabilities assumed are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. These fair value measurements are considered final as of December 31, 2022.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest expenses of $124.4 million, or $117.3 million as adjusted<sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Adjustments<sup>(1)</sup> include $6.4 million tax credit investment writedown and $0.7 million of other costs not expected to recur such as acquisition, severance and branch consolidation costs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Increase driven by elevated incentive costs tied to record foreign exchange income during the period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ $2.5 million contribution to First Financial Foundation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Efficiency ratio of 58.2%; 55.1% as adjusted<sup>(1)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Allowance for Credit Losses of $151.4 million; Total quarterly provision expense of $10.0 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Loans and leases - ACL of $133.0 million; increased 2 bps to 1.29% of total loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Unfunded Commitments - ACL of $18.4 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Provision expense driven by loan growth and slower prepayment speeds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Net recoveries of 1 bp of average loans and leases

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Nonperforming assets declined 16% compared to the linked quarter to 23 bps of total assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Regulatory capital ratios remain in excess of internal targets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Total capital ratio of 13.64%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Tier 1 common equity increased 1 bps to 10.83%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Tangible common equity increased 16 bps to 5.95%<sup>(1)</sup>; 8.20%<sup>(1)</sup> excluding impact from AOCI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Tangible book value per share of $9.97<sup>(1)</sup>

Additionally, the board of directors approved a quarterly dividend of $0.23 per common share for the next regularly scheduled dividend, payable on March 15, 2023 to shareholders of record as of March 1, 2023.

Archie Brown, President and CEO, commented on the quarter, "I am extremely pleased with our fourth quarter performance, which was exceptional on many levels. Earnings per diluted share were $0.73, return on assets was 1.63% and our adjusted<sup>(1)</sup> efficiency ratio improved to 55%. Diluted earnings per common share increased 24% from the third quarter, and we achieved record operating revenue of $214 million driven by a 15% increase in net interest income and a 32% increase in fee income. Rate increases continued to positively impact our asset sensitive balance sheet, with our net interest margin expanding by 49 basis points to 4.47% as increasing asset yields outpaced deposit costs. The growth in noninterest income was due to record quarters from Bannockburn and Summit, which more than offset softness in mortgage, client derivative fees and service charge income."

Mr. Brown continued, "We were also very pleased with $502 million of broad-based loan growth in the quarter, which is 20.3% on an annualized basis and included a $130 million increase in finance leases at Summit. We expect loan growth to moderate in the first quarter of 2023 due to seasonal and economic uncertainty. We experienced modest outflows in personal interest-bearing transaction accounts, however this was offset by seasonal inflows in our public fund and business deposits. The result was a stable core deposit base and a loan to deposit ratio of 81%."

Mr. Brown continued, "Loan quality remained strong across our portfolio, with nonperforming assets declining by 16% to 23 basis points of total assets and 1 basis point of net recoveries for the period. Our ACL to total loan coverage increased slightly during the fourth quarter due to slowing prepayments and the general outlook for the U.S. economy."

Mr. Brown discussed full year results, "2022 was a great year for First Financial. Adjusted<sup>(1)</sup> earnings per share of $2.36 was a record, and increased 3% compared to 2021, resulting in a 1.36% adjusted<sup>(1)</sup> return on assets and an adjusted<sup>(1)</sup> efficiency ratio of 60%. Revenue increased 14% compared to the prior year to $709 million, which was a record for our Company. Net interest income grew by 15% with short-term rate increases providing a catalyst, while record fee income increased by 11% for the year as our acquisition of Summit Funding drove new fees and Bannockburn revenue grew by 23% to a record $55 million. Our recent acquisitions have diversified our income sources as we intended, and we are very pleased that they effectively insulated the Company from much of the fee pressure that impacted the broader industry in 2022."

Mr. Brown continued, "Loan growth exceeded $1 billion for the year, representing an 11% increase from 2021. We were pleased that the growth was broad-based, and included strong contributions from Summit Funding, which we acquired at the end of 2021. Summit's originations exceeded $400 million for the year, which was an all time high for them and surpassed our expectations, contributing over 20% of the Company's overall loan growth."

Mr. Brown commented on asset quality, "Asset Quality was very strong for the year. Net Charge-offs were 6 basis points of total loans, which was a 20 basis point decline compared to 26 basis points in 2021. In addition, nonperforming assets declined $20 million, or 34%, to 23 basis points of total assets."

Mr. Brown concluded, "The outstanding performance we achieved this year is the direct result of our associates executing at a very high level. I want to thank them for their commitment to our clients, our communities and each other. While we are proud of our 2022 financial results, we believe we have further opportunity to improve our execution and are committed to doing so. As we look forward to 2023, we remain focused on delivering consistent, sustained, industry leading results."

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Full detail of the Company's fourth quarter and full year 2022 performance is provided in the accompanying financial statements and slide presentation.

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**Teleconference / Webcast Information**

First Financial's executive management will host a conference call to discuss the Company's financial and operating results on Friday, January 27, 2023 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (844) 200-6205 (U.S. toll free), (646) 904-5544 (U.S. local) or +1 (929) 526-1599 (International), access code 329103. 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 (866) 813-9403 (U.S. toll free), (929) 458-6194 (U.S. local) and +44 204 525-0658 (all other locations), access code 347122. The recording will be available until February 10, 2023. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company's website at <u>www.bankatfirst.com</u>. The webcast will be archived on the Investor Relations section of the Company's website for 12 months.

**Press Release and Additional Information on Website**

This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at <u>www.bankatfirst.com.</u>

**Use of Non-GAAP Financial Measures**

This 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company's business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management's ability to effectively execute its business plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effect of changes in accounting policies and practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes in consumer spending, borrowing and saving and changes in unemployment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes in customers' performance and creditworthiness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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, and any slowdown in global economic growth;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 ("COVID-19"), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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, 2021, as well as our other filings with the SEC, which are available on the SEC website at <u>www.sec.gov</u>.

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 December 31, 2022, the Company had $17.0 billion in assets, $10.3 billion in loans, $12.7 billion in deposits and $2.0 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 $3.2 billion in assets under management as of December 31, 2022. The Company operated 132 full service banking centers as of December 31, 2022, located in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at <u>www.bankatfirst.com</u>.

**Contact Information**

<u>Investors/Analysts</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Media</u>

Jamie Anderson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tim Condron

Chief Financial Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing Communications Manager

(513) 887-5400&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(513) 979-5796

<u>InvestorRelations@bankatfirst.com</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>media@bankatfirst.com</u>&nbsp;&nbsp;&nbsp;&nbsp;

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![contentsheader0215a23.jpg](contentsheader0215a23.jpg)

**Selected Financial Information**

**December 31, 2022**

(unaudited)

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| | |
|:---|:---|
| **<u>Contents</u>** | **<u>Page</u>** |
| Consolidated Financial Highlights | 2 |
| Consolidated Quarterly Statements of Income | 3 |
| Consolidated Quarterly Statements of Income | 4-5 |
| Consolidated Statements of Condition | 6 |
| Average Consolidated Statements of Condition | 7 |
| Net Interest Margin Rate / Volume Analysis | 8-9 |
| Credit Quality | 10 |
| Capital Adequacy | 11 |

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&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** | **CONSOLIDATED FINANCIAL HIGHLIGHTS** |
| (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Three Months Ended, | Three Months Ended, | Three Months Ended, | Three Months Ended, | Three Months Ended, | Twelve months ended, | Twelve months ended, |
|  | Dec. 31, | Sep. 30, | June 30, | Mar. 31, | Dec. 31, | Dec. 31, | Dec. 31, |
|  | 2022 | 2022 | 2022 | 2022 | 2021 | 2022 | 2021 |
| **RESULTS OF OPERATIONS** |  |  |  |  |  |  |  |
| Net income | $69086 | $55705 | $51520 | $41301 | $46945 | $217612 | $205160 |
| Net earnings per share - basic | $0.74 | $0.60 | $0.55 | $0.44 | $0.51 | $2.33 | $2.16 |
| Net earnings per share - diluted | $0.73 | $0.59 | $0.55 | $0.44 | $0.50 | $2.30 | $2.14 |
| Dividends declared per share | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.92 | $0.92 |
| **KEY FINANCIAL RATIOS** |  |  |  |  |  |  |  |
| Return on average assets | 1.63% | 1.35% | 1.28% | 1.03% | 1.16% | 1.33% | 1.28% |
| Return on average shareholders' equity | 13.64% | 10.58% | 9.84% | 7.53% | 8.31% | 10.34% | 9.08% |
| Return on average tangible shareholders' equity <sup>(1)</sup> | 29.93% | 22.29% | 20.68% | 14.93% | 15.11% | 21.62% | 16.43% |
| Net interest margin | 4.43% | 3.93% | 3.41% | 3.11% | 3.19% | 3.73% | 3.27% |
| Net interest margin (fully tax equivalent) <sup>(1)(2)</sup> | 4.47% | 3.98% | 3.45% | 3.16% | 3.23% | 3.77% | 3.31% |
| Ending shareholders' equity as a percent of ending assets | 12.01% | 12.00% | 12.74% | 13.35% | 13.83% | 12.01% | 13.83% |
| Ending tangible shareholders' equity as a percent of: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Ending tangible assets <sup>(1)</sup> | 5.95% | 5.79% | 6.40% | 6.95% | 7.58% | 5.95% | 7.58% |
| &nbsp;&nbsp;&nbsp;Risk-weighted assets <sup>(1)</sup> | 7.32% | 7.21% | 8.09% | 8.85% | 9.91% | 7.32% | 9.91% |
| Average shareholders' equity as a percent of average assets | 11.98% | 12.75% | 12.97% | 13.75% | 13.98% | 12.85% | 14.06% |
| Average tangible shareholders' equity as a percent of |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;average tangible assets <sup>(1)</sup> | 5.84% | 6.49% | 6.62% | 7.44% | 8.20% | 6.59% | 8.29% |
| Book value per share | $21.51 | $21.03 | $21.90 | $22.63 | $23.99 | $21.51 | $23.99 |
| Tangible book value per share <sup>(1)</sup> | $9.97 | $9.48 | $10.27 | $10.97 | $12.26 | $9.97 | $12.26 |
| Common equity tier 1 ratio <sup>(3)</sup> | 10.83% | 10.82% | 10.91% | 10.87% | 10.85% | 10.83% | 10.85% |
| Tier 1 ratio <sup>(3)</sup> | 11.17% | 11.17% | 11.28% | 11.24% | 11.22% | 11.17% | 11.22% |
| Total capital ratio <sup>(3)</sup> | 13.64% | 13.73% | 13.94% | 13.97% | 14.11% | 13.64% | 14.11% |
| Leverage ratio <sup>(3)</sup> | 8.89% | 8.88% | 8.76% | 8.64% | 8.70% | 8.89% | 8.70% |
| **AVERAGE BALANCE SHEET ITEMS** |  |  |  |  |  |  |  |
| Loans <sup>(4)</sup> | $10059119 | $9597197 | $9367820 | $9266774 | $9283227 | $9574965 | $9640235 |
| Investment securities | 3705304 | 4003472 | 4118287 | 4308059 | 4343513 | 4032046 | 4113240 |
| Interest-bearing deposits with other banks | 372054 | 317146 | 294136 | 273763 | 166904 | 314552 | 73170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | $14136477 | $13917815 | $13780243 | $13848596 | $13793644 | $13921563 | $13826645 |
| Total assets | $16767598 | $16385989 | $16185978 | $16184919 | $16036417 | $16382730 | $16072360 |
| Noninterest-bearing deposits | $4225192 | $4176242 | $4224842 | $4160175 | $4191457 | $4196735 | $4005034 |
| Interest-bearing deposits | 8407114 | 8194781 | 8312876 | 8623800 | 8693792 | 8383529 | 8655308 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $12632306 | $12371023 | $12537718 | $12783975 | $12885249 | $12580264 | $12660342 |
| Borrowings | $1489088 | $1406718 | $1079596 | $721695 | $396743 | $1177013 | $647223 |
| Shareholders' equity | $2009564 | $2089179 | $2099670 | $2225495 | $2241820 | $2105339 | $2259807 |
| **CREDIT QUALITY RATIOS** | **CREDIT QUALITY RATIOS** |  |  |  |  |  |  |
| Allowance to ending loans | 1.29% | 1.27% | 1.25% | 1.34% | 1.42% | 1.29% | 1.42% |
| Allowance to nonaccrual loans | 464.58% | 341.61% | 302.87% | 273.09% | 272.76% | 464.58% | 272.76% |
| Allowance to nonperforming loans | 335.94% | 262.09% | 235.08% | 231.98% | 219.96% | 335.94% | 219.96% |
| Nonperforming loans to total loans | 0.38% | 0.48% | 0.53% | 0.58% | 0.65% | 0.38% | 0.65% |
| Nonaccrual loans to total loans | 0.28% | 0.37% | 0.41% | 0.49% | 0.52% | 0.28% | 0.52% |
| Nonperforming assets to ending loans, plus OREO | 0.39% | 0.48% | 0.53% | 0.58% | 0.65% | 0.39% | 0.65% |
| Nonperforming assets to total assets | 0.23% | 0.28% | 0.31% | 0.33% | 0.37% | 0.23% | 0.37% |
| Classified assets to total assets | 0.75% | 0.69% | 0.74% | 0.67% | 0.64% | 0.75% | 0.64% |
| Net charge-offs to average loans (annualized) | (0.01)% | 0.07% | 0.08% | 0.10% | 0.32% | 0.06% | 0.26% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup> 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(3)</sup> December 31, 2022 regulatory capital ratios are preliminary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(4)</sup> Includes loans held for sale.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** | **CONSOLIDATED STATEMENTS OF INCOME** |
| (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Three months ended, | Three months ended, | Three months ended, | Twelve months ended, | Twelve months ended, | Twelve months ended, |
|  | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, |
|  | 2022 | 2021 | % Change | 2022 | 2021 | % Change |
| Interest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, including fees | 152299 | 92682 | 64.3% | 458742 | 385535 | 19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxable | 30248 | 20993 | 44.1% | 102314 | 79212 | 29.2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax-exempt | 4105 | 4127 | (0.5)% | 18466 | 18323 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities interest | 34353 | 25120 | 36.8% | 120780 | 97535 | 23.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other earning assets | 3262 | 71 | N/M | 5484 | 147 | N/M |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest income | 189914 | 117873 | 61.1% | 585006 | 483217 | 21.1% |
| Interest expense |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 16168 | 3089 | 423.4% | 28140 | 14435 | 94.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 11091 | 10 | N/M | 19132 | 198 | N/M |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term borrowings | 4759 | 3968 | 19.9% | 18591 | 16466 | 12.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest expense | 32018 | 7067 | 353.1% | 65863 | 31099 | 111.8% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income | 157896 | 110806 | 42.5% | 519143 | 452118 | 14.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-loans and leases | 8689 | (9525) | (191.2)% | 6731 | (19024) | (135.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-unfunded commitments | 1341 | 1799 | (25.5)% | 4982 | 903 | 451.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income after provision for credit losses | 147866 | 118532 | 24.7% | 507430 | 470239 | 7.9% |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 6406 | 8645 | (25.9)% | 28062 | 31876 | (12.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust and wealth management fees | 5648 | 6038 | (6.5)% | 23506 | 23780 | (1.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bankcard income | 3736 | 3602 | 3.7% | 14380 | 14300 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Client derivative fees | 1822 | 2303 | (20.9)% | 5441 | 7927 | (31.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange income | 19592 | 12808 | 53.0% | 54965 | 44793 | 22.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business income | 11124 | 0 | 100.0% | 31574 | 0 | 100.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains from sales of loans | 2206 | 6492 | (66.0)% | 15048 | 33021 | (54.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on sale of investment securities | (393) | (14) | N/M | (569) | (759) | (25.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on equity securities | 1315 | 321 | 309.7% | (639) | 702 | (191.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 4579 | 5465 | (16.2)% | 17873 | 15866 | 12.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest income | 56035 | 45660 | 22.7% | 189641 | 171506 | 10.6% |
| Noninterest expenses |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 73621 | 62170 | 18.4% | 269368 | 245924 | 9.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net occupancy | 5434 | 5332 | 1.9% | 22208 | 22142 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Furniture and equipment | 3234 | 3161 | 2.3% | 13224 | 13819 | (4.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 8567 | 8261 | 3.7% | 33662 | 31363 | 7.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing | 2198 | 2152 | 2.1% | 8744 | 7983 | 9.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication | 690 | 677 | 1.9% | 2683 | 2930 | (8.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional services | 3015 | 5998 | (49.7)% | 9734 | 11676 | (16.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;State intangible tax | 974 | 651 | 49.6% | 4285 | 4256 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC assessments | 2173 | 1453 | 49.6% | 7194 | 5630 | 27.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible amortization | 2573 | 2401 | 7.2% | 11185 | 9839 | 13.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business expense | 6061 | 0 | 100.0% | 20363 | 0 | 100.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 15902 | 17349 | (8.3)% | 52699 | 45250 | 16.5% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest expenses | 124442 | 109605 | 13.5% | 455349 | 400812 | 13.6% |
| Income before income taxes | 79459 | 54587 | 45.6% | 241722 | 240933 | 0.3% |
| Income tax expense (benefit) | 10373 | 7642 | 35.7% | 24110 | 35773 | (32.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | 69086 | 46945 | 47.2% | 217612 | 205160 | 6.1% |
| **ADDITIONAL DATA** |  |  |  |  |  |  |
| Net earnings per share - basic | 0.74 | 0.51 |  | 2.33 | 2.16 |  |
| Net earnings per share - diluted | 0.73 | 0.50 |  | 2.30 | 2.14 |  |
| Dividends declared per share | 0.23 | 0.23 |  | 0.92 | 0.92 |  |
| Return on average assets | 1.63% | 1.16% |  | 1.33% | 1.28% |  |
| Return on average shareholders' equity | 13.64% | 8.31% |  | 10.34% | 9.08% |  |
| Interest income | 189914 | 117873 | 61.1% | 585006 | 483217 | 21.1% |
| Tax equivalent adjustment | 1553 | 1386 | 12.0% | 6357 | 6091 | 4.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income - tax equivalent | 191467 | 119259 | 60.5% | 591363 | 489308 | 20.9% |
| Interest expense | 32018 | 7067 | 353.1% | 65863 | 31099 | 111.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income - tax equivalent | 159449 | 112192 | 42.1% | 525500 | 458209 | 14.7% |
| Net interest margin | 4.43% | 3.19% |  | 3.73% | 3.27% |  |
| Net interest margin (fully tax equivalent) <sup>(1)</sup> | 4.47% | 3.23% |  | 3.77% | 3.31% |  |
| Full-time equivalent employees | 2070 | 1994 |  |  |  |  |
| <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** |
| (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 |
|  | Fourth | Third | Second | First | Year to | % Change |
|  | Quarter | Quarter | Quarter | Quarter | Date | Linked Qtr. |
| Interest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, including fees | 152299 | 122170 | 97091 | 87182 | 458742 | 24.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxable | 30248 | 26331 | 23639 | 22096 | 102314 | 14.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax-exempt | 4105 | 5014 | 4916 | 4431 | 18466 | (18.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities interest | 34353 | 31345 | 28555 | 26527 | 120780 | 9.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other earning assets | 3262 | 1597 | 505 | 120 | 5484 | 104.3% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest income | 189914 | 155112 | 126151 | 113829 | 585006 | 22.4% |
| Interest expense |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 16168 | 6386 | 2963 | 2623 | 28140 | 153.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 11091 | 6158 | 1566 | 317 | 19132 | 80.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term borrowings | 4759 | 4676 | 4612 | 4544 | 18591 | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest expense | 32018 | 17220 | 9141 | 7484 | 65863 | 85.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income | 157896 | 137892 | 117010 | 106345 | 519143 | 14.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-loans and leases | 8689 | 7898 | (4267) | (5589) | 6731 | 10.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-unfunded commitments | 1341 | 386 | 3481 | (226) | 4982 | 247.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income after provision for credit losses | 147866 | 129608 | 117796 | 112160 | 507430 | 14.1% |
| Noninterest income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 6406 | 6279 | 7648 | 7729 | 28062 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust and wealth management fees | 5648 | 5487 | 6311 | 6060 | 23506 | 2.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bankcard income | 3736 | 3484 | 3823 | 3337 | 14380 | 7.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Client derivative fees | 1822 | 1447 | 1369 | 803 | 5441 | 25.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange income | 19592 | 11752 | 13470 | 10151 | 54965 | 66.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business income | 11124 | 7127 | 7247 | 6076 | 31574 | 56.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains from sales of loans | 2206 | 3729 | 5241 | 3872 | 15048 | (40.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on sale of investment securities | (393) | (179) | 0 | 3 | (569) | 119.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on equity securities | 1315 | (701) | (1054) | (199) | (639) | 287.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 4579 | 4109 | 5723 | 3462 | 17873 | 11.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest income | 56035 | 42534 | 49778 | 41294 | 189641 | 31.7% |
| Noninterest expenses |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 73621 | 66808 | 64992 | 63947 | 269368 | 10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net occupancy | 5434 | 5669 | 5359 | 5746 | 22208 | (4.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Furniture and equipment | 3234 | 3222 | 3201 | 3567 | 13224 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 8567 | 8497 | 8334 | 8264 | 33662 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing | 2198 | 2523 | 2323 | 1700 | 8744 | (12.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication | 690 | 657 | 670 | 666 | 2683 | 5.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional services | 3015 | 2346 | 2214 | 2159 | 9734 | 28.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;State intangible tax | 974 | 1090 | 1090 | 1131 | 4285 | (10.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC assessments | 2173 | 1885 | 1677 | 1459 | 7194 | 15.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible amortization | 2573 | 2783 | 2915 | 2914 | 11185 | (7.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business expense | 6061 | 5746 | 4687 | 3869 | 20363 | 5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 15902 | 23842 | 5572 | 7383 | 52699 | (33.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest expenses | 124442 | 125068 | 103034 | 102805 | 455349 | (0.5)% |
| Income before income taxes | 79459 | 47074 | 64540 | 50649 | 241722 | 68.8% |
| Income tax expense (benefit) | 10373 | (8631) | 13020 | 9348 | 24110 | (220.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | 69086 | 55705 | 51520 | 41301 | 217612 | 24.0% |
| **ADDITIONAL DATA** |  |  |  |  |  |  |
| Net earnings per share - basic | 0.74 | 0.60 | 0.55 | 0.44 | 2.33 |  |
| Net earnings per share - diluted | 0.73 | 0.59 | 0.55 | 0.44 | 2.30 |  |
| Dividends declared per share | 0.23 | 0.23 | 0.23 | 0.23 | 0.92 |  |
| Return on average assets | 1.63% | 1.35% | 1.28% | 1.03% | 1.33% |  |
| Return on average shareholders' equity | 13.64% | 10.58% | 9.84% | 7.53% | 10.34% |  |
| Interest income | 189914 | 155112 | 126151 | 113829 | 585006 | 22.4% |
| Tax equivalent adjustment | 1553 | 1712 | 1625 | 1467 | 6357 | (9.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income - tax equivalent | 191467 | 156824 | 127776 | 115296 | 591363 | 22.1% |
| Interest expense | 32018 | 17220 | 9141 | 7484 | 65863 | 85.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income - tax equivalent | 159449 | 139604 | 118635 | 107812 | 525500 | 14.2% |
| Net interest margin | 4.43% | 3.93% | 3.41% | 3.11% | 3.73% |  |
| Net interest margin (fully tax equivalent) <sup>(1)</sup> | 4.47% | 3.98% | 3.45% | 3.16% | 3.77% |  |
| Full-time equivalent employees | 2070 | 2072 | 2096 | 2050 <sup>(2)</sup> |  |  |
| (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. | (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. | (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. | (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. | (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. | (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. | (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. |
| (2) Includes 65 FTE from Summit acquisition. |  |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** | **CONSOLIDATED QUARTERLY STATEMENTS OF INCOME** |
| (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | 2021 | 2021 | 2021 | 2021 | 2021 |
|  | Fourth | Third | Second | First | Full |
|  | Quarter | Quarter | Quarter | Quarter | Year |
| Interest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, including fees | 92682 | 96428 | 97494 | 98931 | 385535 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxable | 20993 | 20088 | 19524 | 18607 | 79212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax-exempt | 4127 | 4282 | 4871 | 5043 | 18323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities interest | 25120 | 24370 | 24395 | 23650 | 97535 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other earning assets | 71 | 23 | 25 | 28 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest income | 117873 | 120821 | 121914 | 122609 | 483217 |
| Interest expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 3089 | 3320 | 3693 | 4333 | 14435 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 10 | 68 | 53 | 67 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term borrowings | 3968 | 4023 | 4142 | 4333 | 16466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest expense | 7067 | 7411 | 7888 | 8733 | 31099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income | 110806 | 113410 | 114026 | 113876 | 452118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-loans and leases | (9525) | (8193) | (4756) | 3450 | (19024) |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses-unfunded commitments | 1799 | (1951) | 517 | 538 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net interest income after provision for credit losses | 118532 | 123554 | 118265 | 109888 | 470239 |
| Noninterest income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 8645 | 8548 | 7537 | 7146 | 31876 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust and wealth management fees | 6038 | 5896 | 6216 | 5630 | 23780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bankcard income | 3602 | 3838 | 3732 | 3128 | 14300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Client derivative fees | 2303 | 2273 | 1795 | 1556 | 7927 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange income | 12808 | 9191 | 12037 | 10757 | 44793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business income | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains from sales of loans | 6492 | 8586 | 8489 | 9454 | 33021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on sale of investment securities | (14) | (314) | (265) | (166) | (759) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on equity securities | 321 | 108 | 161 | 112 | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 5465 | 4411 | 3285 | 2705 | 15866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest income | 45660 | 42537 | 42987 | 40322 | 171506 |
| Noninterest expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 62170 | 61717 | 60784 | 61253 | 245924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net occupancy | 5332 | 5571 | 5535 | 5704 | 22142 |
| &nbsp;&nbsp;&nbsp;&nbsp;Furniture and equipment | 3161 | 3318 | 3371 | 3969 | 13819 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 8261 | 7951 | 7864 | 7287 | 31363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing | 2152 | 2435 | 2035 | 1361 | 7983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication | 677 | 669 | 746 | 838 | 2930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional services | 5998 | 2199 | 2029 | 1450 | 11676 |
| &nbsp;&nbsp;&nbsp;&nbsp;State intangible tax | 651 | 1202 | 1201 | 1202 | 4256 |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC assessments | 1453 | 1466 | 1362 | 1349 | 5630 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible amortization | 2401 | 2479 | 2480 | 2479 | 9839 |
| &nbsp;&nbsp;&nbsp;&nbsp;Leasing business expense | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 17349 | 10051 | 12236 | 5614 | 45250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total noninterest expenses | 109605 | 99058 | 99643 | 92506 | 400812 |
| Income before income taxes | 54587 | 67033 | 61609 | 57704 | 240933 |
| Income tax expense (benefit) | 7642 | 7021 | 10721 | 10389 | 35773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | 46945 | 60012 | 50888 | 47315 | 205160 |
| **ADDITIONAL DATA** |  |  |  |  |  |
| Net earnings per share - basic | 0.51 | 0.64 | 0.53 | 0.49 | 2.16 |
| Net earnings per share - diluted | 0.50 | 0.63 | 0.52 | 0.48 | 2.14 |
| Dividends declared per share | 0.23 | 0.23 | 0.23 | 0.23 | 0.92 |
| Return on average assets | 1.16% | 1.49% | 1.26% | 1.20% | 1.28% |
| Return on average shareholders' equity | 8.31% | 10.53% | 9.02% | 8.44% | 9.08% |
| Interest income | 117873 | 120821 | 121914 | 122609 | 483217 |
| Tax equivalent adjustment | 1386 | 1434 | 1619 | 1652 | 6091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income - tax equivalent | 119259 | 122255 | 123533 | 124261 | 489308 |
| Interest expense | 7067 | 7411 | 7888 | 8733 | 31099 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income - tax equivalent | 112192 | 114844 | 115645 | 115528 | 458209 |
| Net interest margin | 3.19% | 3.28% | 3.27% | 3.35% | 3.27% |
| Net interest margin (fully tax equivalent) <sup>(1)</sup> | 3.23% | 3.32% | 3.31% | 3.40% | 3.31% |
| Full-time equivalent employees | 1994 | 2026 | 2053 | 2063 |  |
| <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. | <sup>(1)</sup> 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. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** | **CONSOLIDATED STATEMENTS OF CONDITION** |
| (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Dec. 31, | Sep. 30, | June 30, | Mar. 31, | Dec. 31, | % Change | % Change |
|  | 2022 | 2022 | 2022 | 2022 | 2021 | Linked Qtr. | Comp Qtr. |
| **ASSETS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and due from banks | $207501 | $195553 | $217481 | $214571 | $220031 | 6.1% | (5.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with other banks | 388182 | 338978 | 270042 | 243004 | 214811 | 14.5% | 80.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities available-for-sale | 3409648 | 3531353 | 3843580 | 3957882 | 4207846 | (3.4)% | (19.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities held-to-maturity | 84021 | 85823 | 88057 | 92597 | 98420 | (2.1)% | (14.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Other investments | 143160 | 138767 | 132151 | 114563 | 102971 | 3.2% | 39.0% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 7918 | 10684 | 22044 | 12670 | 29482 | (25.9)% | (73.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and leases |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 3410272 | 3139219 | 2927175 | 2800209 | 2720028 | 8.6% | 25.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Lease financing | 236124 | 176072 | 146639 | 125867 | 109624 | 34.1% | 115.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction real estate | 512050 | 489446 | 449734 | 479744 | 455894 | 4.6% | 12.3% |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate | 4052759 | 3976345 | 4007037 | 4031484 | 4226614 | 1.9% | (4.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential real estate | 1092265 | 1024596 | 965387 | 913838 | 896069 | 6.6% | 21.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Home equity | 733791 | 737318 | 725700 | 707973 | 708399 | (0.5)% | 3.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Installment | 209895 | 202267 | 146680 | 132197 | 119454 | 3.8% | 75.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit card | 51815 | 52173 | 52065 | 50305 | 52217 | (0.7)% | (0.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans | 10298971 | 9797436 | 9420417 | 9241617 | 9288299 | 5.1% | 10.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses | (132977) | (124096) | (117885) | (124130) | (131992) | 7.2% | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans | 10165994 | 9673340 | 9302532 | 9117487 | 9156307 | 5.1% | 11.0% |
| &nbsp;&nbsp;&nbsp;&nbsp; Premises and equipment | 189080 | 189067 | 191099 | 190975 | 193040 | 0.0% | (2.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Operating leases | 91738 | 84851 | 82659 | 61927 | 60811 | 8.1% | 50.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 1001507 | 998422 | 999959 | 999959 | 1000749 | 0.3% | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Other intangibles | 93919 | 96528 | 99019 | 101673 | 104367 | (2.7)% | (10.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other assets | 1220648 | 1280427 | 995091 | 901842 | 940306 | (4.7)% | 29.8% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Assets** | $17003316 | $16623793 | $16243714 | $16009150 | $16329141 | 2.3% | 4.1% |
| **LIABILITIES** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing demand | $3037153 | $2980465 | $3096365 | $3246646 | $3198745 | 1.9% | (5.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings | 3828139 | 3980020 | 4029717 | 4188867 | 4157374 | (3.8)% | (7.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time | 1700705 | 1242412 | 1026918 | 1121966 | 1330263 | 36.9% | 27.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest-bearing deposits | 8565997 | 8202897 | 8153000 | 8557479 | 8686382 | 4.4% | (1.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing | 4135180 | 4137038 | 4124111 | 4261429 | 4185572 | 0.0% | (1.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 12701177 | 12339935 | 12277111 | 12818908 | 12871954 | 2.9% | (1.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased and securities sold |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; under agreements to repurchase | 0 | 3535 | 0 | 0 | 51203 | 100.0% | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB short-term borrowings | 1130000 | 972600 | 896000 | 185000 | 225000 | 16.2% | 402.2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Other | 157156 | 184912 | 152226 | 57247 | 20000 | (15.0)% | 685.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total short-term borrowings | 1287156 | 1161047 | 1048226 | 242247 | 296203 | 10.9% | 334.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 346672 | 355116 | 358578 | 379840 | 409832 | (2.4)% | (15.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total borrowed funds | 1633828 | 1516163 | 1406804 | 622087 | 706035 | 7.8% | 131.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other liabilities | 626938 | 773563 | 491129 | 430710 | 492210 | (19.0)% | 27.4% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities** | 14961943 | 14629661 | 14175044 | 13871705 | 14070199 | 2.3% | 6.3% |
| **SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stock | 1634605 | 1631696 | 1637237 | 1634903 | 1640358 | 0.2% | (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 968237 | 920943 | 887006 | 857178 | 837473 | 5.1% | 15.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive income (loss) | (358663) | (354570) | (243328) | (142477) | (433) | 1.2% | N/M |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury stock, at cost | (202806) | (203937) | (212245) | (212159) | (218456) | (0.6)% | (7.2)% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Shareholders' Equity** | 2041373 | 1994132 | 2068670 | 2137445 | 2258942 | 2.4% | (9.6)% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities and Shareholders' Equity** | $17003316 | $16623793 | $16243714 | $16009150 | $16329141 | 2.3% | 4.1% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** | **AVERAGE CONSOLIDATED STATEMENTS OF CONDITION** |
| (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Year-to-Date Averages | Year-to-Date Averages |
|  | Dec. 31, | Sep. 30, | June 30, | Mar. 31, | Dec. 31, | Dec. 31, | Dec. 31, |
|  | 2022 | 2022 | 2022 | 2022 | 2021 | 2022 | 2021 |
| **ASSETS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and due from banks | $218216 | $228068 | $248463 | $241271 | $253091 | $233925 | $242201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with other banks | 372054 | 317146 | 294136 | 273763 | 166904 | 314552 | 73170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities | 3705304 | 4003472 | 4118287 | 4308059 | 4343513 | 4032046 | 4113240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 8639 | 12283 | 15446 | 15589 | 24491 | 12968 | 27711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and leases |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial and industrial | 3249252 | 3040547 | 2884373 | 2736613 | 2552686 | 2979273 | 2790733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lease financing | 203790 | 158667 | 134334 | 115703 | 67537 | 153380 | 67822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction real estate | 501787 | 469489 | 460609 | 474278 | 460588 | 476597 | 575883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial real estate | 4028944 | 3969935 | 4025493 | 4139072 | 4391328 | 4040365 | 4379325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential real estate | 1066859 | 998476 | 936165 | 903567 | 917399 | 976775 | 943981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home equity | 735039 | 728791 | 716219 | 703714 | 709954 | 721048 | 713521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installment | 208484 | 164063 | 140145 | 125579 | 106188 | 159807 | 91642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit card | 56325 | 54946 | 55036 | 52659 | 53056 | 54752 | 49617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans | 10050480 | 9584914 | 9352374 | 9251185 | 9258736 | 9561997 | 9612524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses | (127541) | (119000) | (123950) | (129601) | (144756) | (125001) | (162477) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans | 9922939 | 9465914 | 9228424 | 9121584 | 9113980 | 9436996 | 9450047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Premises and equipment | 189342 | 190738 | 191895 | 192832 | 192941 | 191191 | 198425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Operating leases | 88365 | 83970 | 73862 | 61297 | 659 | 76967 | 166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 998575 | 999690 | 999958 | 1000238 | 938453 | 999611 | 937943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other intangibles | 95256 | 97781 | 100354 | 103033 | 71006 | 99081 | 73496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other assets | 1168908 | 986927 | 915153 | 867253 | 931379 | 985393 | 955961 |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Assets** | $16767598 | $16385989 | $16185978 | $16184919 | $16036417 | $16382730 | $16072360 |
| **LIABILITIES** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing demand | $3103091 | $3105547 | $3180846 | $3246919 | $3069416 | $3158560 | $2988359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings | 3943342 | 4036565 | 4076380 | 4145615 | 4195504 | 4049883 | 4065654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Time | 1360681 | 1052669 | 1055650 | 1231266 | 1428872 | 1175086 | 1601295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest-bearing deposits | 8407114 | 8194781 | 8312876 | 8623800 | 8693792 | 8383529 | 8655308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing | 4225192 | 4176242 | 4224842 | 4160175 | 4191457 | 4196735 | 4005034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 12632306 | 12371023 | 12537718 | 12783975 | 12885249 | 12580264 | 12660342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased and securities sold |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; under agreements to repurchase | 16167 | 32637 | 24229 | 45358 | 79382 | 29526 | 160967 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB short-term borrowings | 944320 | 892786 | 586846 | 257800 | 2445 | 672928 | 43371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other | 184439 | 131237 | 109353 | 33297 | 654 | 115041 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total short-term borrowings | 1144926 | 1056660 | 720428 | 336455 | 82481 | 817495 | 204503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 344162 | 350058 | 359168 | 385240 | 314262 | 359518 | 442720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total borrowed funds | 1489088 | 1406718 | 1079596 | 721695 | 396743 | 1177013 | 647223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other liabilities | 636640 | 519069 | 468994 | 453754 | 512605 | 520114 | 504988 |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities** | 14758034 | 14296810 | 14086308 | 13959424 | 13794597 | 14277391 | 13812553 |
| **SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stock | 1632941 | 1631078 | 1635990 | 1638321 | 1637828 | 1634558 | 1636126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 941987 | 899524 | 866910 | 841652 | 822500 | 887826 | 772063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive loss | (361284) | (236566) | (190949) | (38448) | 8542 | (207778) | 28317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury stock, at cost | (204080) | (204857) | (212281) | (216030) | (227050) | (209267) | (176699) |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Shareholders' Equity** | 2009564 | 2089179 | 2099670 | 2225495 | 2241820 | 2105339 | 2259807 |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities and Shareholders' Equity** | $16767598 | $16385989 | $16185978 | $16184919 | $16036417 | $16382730 | $16072360 |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** |
| (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Quarterly Averages | Year-to-Date Averages | Year-to-Date Averages | Year-to-Date Averages | Year-to-Date Averages |
|  | December 31, 2022 | December 31, 2022 | December 31, 2022 | September 30, 2022 | September 30, 2022 | September 30, 2022 | December 31, 2021 | December 31, 2021 | December 31, 2021 | December 31, 2022 | December 31, 2022 | December 31, 2021 | December 31, 2021 |
|  | Balance | Interest | Yield | Balance | Interest | Yield | Balance | Interest | Yield | Balance | Yield | Balance | Yield |
| **Earning assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities | $3705304 | $34353 | 3.68% | $4003472 | $31345 | 3.11% | $4343513 | $25120 | 2.29% | $4032046 | 3.00% | $4113240 | 2.37% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with other banks | 372054 | 3262 | 3.48% | 317146 | 1597 | 2.00% | 166904 | 71 | 0.17% | 314552 | 1.74% | 73170 | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross loans <sup>(1)</sup> | 10059119 | 152299 | 6.01% | 9597197 | 122170 | 5.05% | 9283227 | 92682 | 3.96% | 9574965 | 4.79% | 9640235 | 4.00% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total earning assets** | 14136477 | 189914 | 5.33% | 13917815 | 155112 | 4.42% | 13793644 | 117873 | 3.39% | 13921563 | 4.20% | 13826645 | 3.49% |
| **Nonearning assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (127541) |  |  | (119000) |  |  | (144756) |  |  | (125001) |  | (162477) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 218216 |  |  | 228068 |  |  | 253091 |  |  | 233925 |  | 242201 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued interest and other assets | 2540446 |  |  | 2359106 |  |  | 2134438 |  |  | 2352243 |  | 2165991 |  |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total assets** | $16767598 |  |  | $16385989 |  |  | $16036417 |  |  | $16382730 |  | $16072360 |  |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing demand | $3103091 | $5195 | 0.66% | $3105547 | $2404 | 0.31% | $3069416 | $461 | 0.06% | $3158560 | 0.28% | $2988359 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings | 3943342 | 4819 | 0.48% | 4036565 | 2199 | 0.22% | 4195504 | 901 | 0.09% | 4049883 | 0.22% | 4065654 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time | 1360681 | 6154 | 1.79% | 1052669 | 1783 | 0.67% | 1428872 | 1727 | 0.48% | 1175086 | 0.88% | 1601295 | 0.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 8407114 | 16168 | 0.76% | 8194781 | 6386 | 0.31% | 8693792 | 3089 | 0.14% | 8383529 | 0.34% | 8655308 | 0.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowed funds |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | 1144926 | 11091 | 3.84% | 1056660 | 6158 | 2.31% | 82481 | 10 | 0.05% | 817495 | 2.34% | 204503 | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 344162 | 4759 | 5.49% | 350058 | 4676 | 5.30% | 314262 | 3968 | 5.01% | 359518 | 5.17% | 442720 | 3.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowed funds | 1489088 | 15850 | 4.22% | 1406718 | 10834 | 3.06% | 396743 | 3978 | 3.98% | 1177013 | 3.20% | 647223 | 2.57% |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total interest-bearing liabilities** | 9896202 | 32018 | 1.28% | 9601499 | 17220 | 0.71% | 9090535 | 7067 | 0.31% | 9560542 | 0.69% | 9302531 | 0.33% |
| **Noninterest-bearing liabilities** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand deposits | 4225192 |  |  | 4176242 |  |  | 4191457 |  |  | 4196735 |  | 4005034 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 636640 |  |  | 519069 |  |  | 512605 |  |  | 520114 |  | 504988 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 2009564 |  |  | 2089179 |  |  | 2241820 |  |  | 2105339 |  | 2259807 |  |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities & shareholders' equity** | $16767598 |  |  | $16385989 |  |  | $16036417 |  |  | $16382730 |  | $16072360 |  |
| Net interest income | $157896 |  |  | $137892 |  |  | $110806 |  |  | $519143 |  | $452118 |  |
| Net interest spread |  |  | 4.05% |  |  | 3.71% |  |  | 3.08% |  | 3.51% |  | 3.16% |
| Net interest margin |  |  | 4.43% |  |  | 3.93% |  |  | 3.19% |  | 3.73% |  | 3.27% |
| Tax equivalent adjustment |  |  | 0.04% |  |  | 0.05% |  |  | 0.04% |  | 0.04% |  | 0.04% |
| Net interest margin (fully tax equivalent) |  |  | 4.47% |  |  | 3.98% |  |  | 3.23% |  | 3.77% |  | 3.31% |
| <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(1)</sup> Loans held for sale and nonaccrual loans are included in gross loans. |  |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> | **NET INTEREST MARGIN RATE/VOLUME ANALYSIS** <sup>(1)</sup> |
| (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Linked Qtr. Income Variance | Linked Qtr. Income Variance | Linked Qtr. Income Variance | Comparable Qtr. Income Variance | Comparable Qtr. Income Variance | Comparable Qtr. Income Variance | Year-to-Date Income Variance | Year-to-Date Income Variance | Year-to-Date Income Variance |
|  | Rate | Volume | Total | Rate | Volume | Total | Rate | Volume | Total |
| **Earning assets** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | $5772 | $(2764) | $3008 | $15150 | $(5917) | $9233 | $25677 | $(2432) | $23245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits with other banks | 1184 | 481 | 1665 | 1392 | 1799 | 3191 | 1129 | 4208 | 5337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross loans <sup>(2)</sup> | 23135 | 6994 | 30129 | 47870 | 11747 | 59617 | 76334 | (3127) | 73207 |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total earning assets** | 30091 | 4711 | 34802 | 64412 | 7629 | 72041 | 103140 | (1351) | 101789 |
| **Interest-bearing liabilities** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | $9374 | $408 | $9782 | $13630 | $(551) | $13079 | $14617 | $(912) | $13705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowed funds |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 4078 | 855 | 4933 | 789 | 10292 | 11081 | 4588 | 14346 | 18934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 165 | (82) | 83 | 378 | 413 | 791 | 6427 | (4302) | 2125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total borrowed funds | 4243 | 773 | 5016 | 1167 | 10705 | 11872 | 11015 | 10044 | 21059 |
| **&nbsp;&nbsp;&nbsp;&nbsp; Total interest-bearing liabilities** | 13617 | 1181 | 14798 | 14797 | 10154 | 24951 | 25632 | 9132 | 34764 |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income** <sup>(1)</sup> | $16474 | $3530 | $20004 | $49615 | $(2525) | $47090 | $77508 | $(10483) | $67025 |
| <sup>(1)</sup> Not tax equivalent. |  |  |  |  |  |  |  |  |  |
| <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. | <sup>(2)</sup> Loans held for sale and nonaccrual loans are included in gross loans. |  |  |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** | **CREDIT QUALITY** |
| (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Dec. 31, | Sep. 30, | June 30, | Mar. 31, | Dec. 31, | Full Year | Full Year |
|  | 2022 | 2022 | 2022 | 2022 | 2021 | 2022 | 2021 |
| **ALLOWANCE FOR CREDIT LOSS ACTIVITY** | **ALLOWANCE FOR CREDIT LOSS ACTIVITY** | **ALLOWANCE FOR CREDIT LOSS ACTIVITY** |  |  |  |  |  |
| Balance at beginning of period | $124096 | $117885 | $124130 | $131992 | $148903 | $131992 | $175679 |
| Purchase accounting ACL for PCD | 0 | 0 | 0 | 0 | 17 | 0 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 8689 | 7898 | (4267) | (5589) | (9525) | 6731 | (19024) |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross charge-offs |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 334 | 1947 | 773 | 2845 | 1364 | 5899 | 15620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 0 | 13 | 8 | 131 | 0 | 152 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction real estate | 0 | 0 | 0 | 0 | 1496 | 0 | 1498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 245 | 3 | 3419 | 0 | 9150 | 3667 | 13471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 79 | 119 | 4 | 22 | 6 | 224 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 72 | 45 | 22 | 21 | 22 | 160 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment | 717 | 294 | 361 | 177 | 184 | 1549 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 212 | 237 | 212 | 246 | 149 | 907 | 780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total gross charge-offs | 1659 | 2658 | 4799 | 3442 | 12371 | 12558 | 32903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Recoveries |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 293 | 90 | 177 | 379 | 201 | 939 | 1612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 0 | 13 | 3 | 33 | 0 | 49 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction real estate | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 1327 | 561 | 2194 | 222 | 4292 | 4304 | 4785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 15 | 35 | 34 | 90 | 74 | 174 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 88 | 185 | 360 | 265 | 303 | 898 | 1223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment | 68 | 29 | 47 | 21 | 27 | 165 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 60 | 58 | 6 | 159 | 71 | 283 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total recoveries | 1851 | 971 | 2821 | 1169 | 4968 | 6812 | 8223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total net charge-offs | (192) | 1687 | 1978 | 2273 | 7403 | 5746 | 24680 |
| Ending allowance for credit losses | $132977 | $124096 | $117885 | $124130 | $131992 | $132977 | $131992 |
| **NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)** | **NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)** | **NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 0.01% | 0.24% | 0.08% | 0.37% | 0.18% | 0.17% | 0.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 0.00% | 0.00% | 0.01% | 0.34% | 0.00% | 0.07% | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction real estate | 0.00% | 0.00% | 0.00% | 0.00% | 1.29% | 0.00% | 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | (0.11)% | (0.06)% | 0.12% | (0.02)% | 0.44% | (0.02)% | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 0.02% | 0.03% | (0.01)% | (0.03)% | (0.03)% | 0.01% | (0.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | (0.01)% | (0.08)% | (0.19)% | (0.14)% | (0.16)% | (0.10)% | (0.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment | 1.24% | 0.64% | 0.90% | 0.50% | 0.59% | 0.87% | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card | 1.07% | 1.29% | 1.50% | 0.67% | 0.58% | 1.14% | 1.13% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net charge-offs | (0.01)% | 0.07% | 0.08% | 0.10% | 0.32% | 0.06% | 0.26% |
| **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** | **COMPONENTS OF NONPERFORMING LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans <sup>(1)</sup> |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $8242 | $8719 | $11675 | $14390 | $17362 | $8242 | $17362 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 178 | 199 | 217 | 249 | 203 | 178 | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction real estate | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 5786 | 13435 | 14650 | 19843 | 19512 | 5786 | 19512 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 10691 | 10250 | 8879 | 7432 | 8305 | 10691 | 8305 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 3123 | 3445 | 3331 | 3377 | 2922 | 3123 | 2922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Installment | 603 | 279 | 170 | 163 | 88 | 603 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nonaccrual loans | 28623 | 36327 | 38922 | 45454 | 48392 | 28623 | 48392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruing troubled debt restructurings (TDRs) | 10960 | 11022 | 11225 | 8055 | 11616 | 10960 | 11616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total nonperforming loans | 39583 | 47349 | 50147 | 53509 | 60008 | 39583 | 60008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned (OREO) | 191 | 22 | 22 | 72 | 98 | 191 | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total nonperforming assets | 39774 | 47371 | 50169 | 53581 | 60106 | 39774 | 60106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruing loans past due 90 days or more | 857 | 139 | 142 | 180 | 137 | 857 | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total underperforming assets | $40631 | $47510 | $50311 | $53761 | $60243 | $40631 | $60243 |
| Total classified assets | $128137 | $114956 | $119769 | $106839 | $104815 | $128137 | $104815 |
| **CREDIT QUALITY RATIOS** | **CREDIT QUALITY RATIOS** | **CREDIT QUALITY RATIOS** |  |  |  |  |  |
| Allowance for credit losses to |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Nonaccrual loans | 464.58% | 341.61% | 302.87% | 273.09% | 272.76% | 464.58% | 272.76% |
| &nbsp;&nbsp;&nbsp;&nbsp; Nonperforming loans | 335.94% | 262.09% | 235.08% | 231.98% | 219.96% | 335.94% | 219.96% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total ending loans | 1.29% | 1.27% | 1.25% | 1.34% | 1.42% | 1.29% | 1.42% |
| Nonperforming loans to total loans | 0.38% | 0.48% | 0.53% | 0.58% | 0.65% | 0.38% | 0.65% |
| Nonaccrual loans to total loans | 0.28% | 0.37% | 0.41% | 0.49% | 0.52% | 0.28% | 0.52% |
| Nonperforming assets to |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ending loans, plus OREO | 0.39% | 0.48% | 0.53% | 0.58% | 0.65% | 0.39% | 0.65% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 0.23% | 0.28% | 0.31% | 0.33% | 0.37% | 0.23% | 0.37% |
| Nonperforming assets, excluding accruing TDRs to |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ending loans, plus OREO | 0.28% | 0.37% | 0.41% | 0.49% | 0.52% | 0.28% | 0.52% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 0.17% | 0.22% | 0.24% | 0.28% | 0.30% | 0.17% | 0.30% |
| Classified assets to total assets | 0.75% | 0.69% | 0.74% | 0.67% | 0.64% | 0.75% | 0.64% |
| <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. | <sup>(1)</sup> Nonaccrual loans include nonaccrual TDRs of $10.0 million, $12.8 million, $9.5 million, $16.2 million, and $16.0 million, as of December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022, and December 31, 2021, respectively. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** | **FIRST FINANCIAL BANCORP.** |
| **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** | **CAPITAL ADEQUACY** |
| (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) | (Dollars in thousands, except per share data) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  |  |  |  |  |  | Twelve months ended, | Twelve months ended, |
|  | Dec. 31, | Sep. 30, | June 30, | Mar. 31, | Dec. 31, | Dec. 31, | Dec. 31, |
|  | 2022 | 2022 | 2022 | 2022 | 2021 | 2022 | 2021 |
| **PER COMMON SHARE** |  |  |  |  |  |  |  |
| Market Price |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;High | $26.68 | $23.75 | $23.03 | $26.73 | $25.79 | $26.73 | $26.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;Low | $21.56 | $19.02 | $19.09 | $22.92 | $22.89 | $19.02 | $17.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;Close | $24.23 | $21.08 | $19.40 | $23.05 | $24.38 | $24.23 | $24.38 |
| Average shares outstanding - basic | 93590674 | 93582250 | 93555131 | 93383932 | 92903900 | 93528712 | 95034690 |
| Average shares outstanding - diluted | 94831788 | 94793766 | 94449817 | 94263925 | 93761909 | 94586851 | 95897385 |
| Ending shares outstanding | 94891099 | 94833964 | 94448792 | 94451496 | 94149240 | 94891099 | 94149240 |
| Total shareholders' equity | $2041373 | $1994132 | $2068670 | $2137445 | $2258942 | $2041373 | $2258942 |
| **REGULATORY CAPITAL** | *Preliminary* |  |  |  |  | *Preliminary* |  |
| Common equity tier 1 capital | $1399420 | $1348413 | $1307259 | $1272115 | $1262789 | $1399420 | $1262789 |
| Common equity tier 1 capital ratio | 10.83% | 10.82% | 10.91% | 10.87% | 10.85% | 10.83% | 10.85% |
| Tier 1 capital | $1443698 | $1392565 | $1351287 | $1316020 | $1306571 | $1443698 | $1306571 |
| Tier 1 ratio | 11.17% | 11.17% | 11.28% | 11.24% | 11.22% | 11.17% | 11.22% |
| Total capital | $1762971 | $1711741 | $1670367 | $1635003 | $1642549 | $1762971 | $1642549 |
| Total capital ratio | 13.64% | 13.73% | 13.94% | 13.97% | 14.11% | 13.64% | 14.11% |
| Total capital in excess of minimum requirement | $406032 | $402662 | $412167 | $405931 | $420118 | $406032 | $420118 |
| Total risk-weighted assets | $12923233 | $12467422 | $11982860 | $11705447 | $11642201 | $12923233 | $11642201 |
| Leverage ratio | 8.89% | 8.88% | 8.76% | 8.64% | 8.70% | 8.89% | 8.70% |
| **OTHER CAPITAL RATIOS** |  |  |  |  |  |  |  |
| Ending shareholders' equity to ending assets | 12.01% | 12.00% | 12.74% | 13.35% | 13.83% | 12.01% | 13.83% |
| Ending tangible shareholders' equity to ending tangible assets <sup>(1)</sup> | 5.95% | 5.79% | 6.40% | 6.95% | 7.58% | 5.95% | 7.58% |
| Average shareholders' equity to average assets | 11.98% | 12.75% | 12.97% | 13.75% | 13.98% | 12.85% | 14.06% |
| Average tangible shareholders' equity to average tangible assets <sup>(1)</sup> | 5.84% | 6.49% | 6.62% | 7.44% | 8.20% | 6.59% | 8.29% |
| **REPURCHASE PROGRAM** <sup>(2)</sup> |  |  |  |  |  |  |  |
| Shares repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 4633355 |
| Average share repurchase price | N/A | N/A | N/A | N/A | N/A | N/A | $23.33 |
| Total cost of shares repurchased | N/A | N/A | N/A | N/A | N/A | N/A | $108077 |
| <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  | <sup>(1)</sup> 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.  |
| <sup>(2)</sup> Represents share repurchases as part of publicly announced plans. | <sup>(2)</sup> Represents share repurchases as part of publicly announced plans. | <sup>(2)</sup> Represents share repurchases as part of publicly announced plans. |  |  |  |  |  |
| N/A = Not applicable |  |  |  |  |  |  |  |

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## Exhibit 99.2

![](exh992earningsrelease4q2001.jpg)

earnings presentation • Fourth Quarter 2022 Exhibit 99.2

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![](exh992earningsrelease4q2002.jpg)

forward looking statements disclosure 2 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; (iv) 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, and any slowdown in global economic growth; • the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 ("COVID-19"), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products; • 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;

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![](exh992earningsrelease4q2003.jpg)

forward looking statements disclosure 3 • 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, 2021, 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.

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![](exh992earningsrelease4q2004.jpg)

4Q 2022 results 129th Consecutive Quarter of Profitability 4 • EOP assets increased $379.5 million compared to the linked quarter to $17.0 billion • EOP loans increased $501.5 million compared to the linked quarter to $10.3 billion • Average deposits increased $261.3 million compared to the linked quarter to $12.6 billion • EOP investment securities decreased $119.1 million compared to the linked quarter Balance Sheet Profitability Asset Quality Income Statement Capital • Noninterest income - $56.0 million; $55.1 million as adjusted1 • Noninterest expense - $124.4 million; $117.3 million as adjusted1 • Efficiency ratio - 58.17%. Adjusted1 efficiency ratio - 55.08% • Effective tax rate of 13.1%. Adjusted1 effective tax rate of 19.5% • Net interest income - $157.9 million • Net interest margin of 4.43% on a GAAP basis; 4.47% on a fully tax equivalent basis1 • Net income - $69.1 million or $0.73 per diluted share. Adjusted1 net income - $68.9 million or $0.73 per diluted share • Return on average assets - 1.63%. • Return on average shareholders' equity - 13.64%. Adjusted1 return on average shareholders' equity - 13.61% • Return on average tangible common equity - 29.93%1. Adjusted1 return on average tangible common equity - 29.86% • Provision expense - $10.0 million • Net charge-offs – ($0.2) million. NCOs / Avg. Loans – (0.01%) annualized • Classified Assets / Total Assets - 0.75% • NPA / Total Assets – 0.23% • ACL / Total Loans – 1.29% • Total capital ratio – 13.64% • Tier 1 common equity ratio – 10.83% • Tangible common equity ratio – 5.95%. Adjusted1 Tangible common equity ratio– 8.20% • Tangible book value per share – $9.97 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliation.

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![](exh992earningsrelease4q2005.jpg)

4Q 2022 highlights • Quarterly earnings driven by strong net interest margin and record fee income • Adjusted1 earnings per share - $0.73 • Adjusted1 return on assets - 1.63% • Adjusted1 pre-tax, pre-provision return on assets – 2.26% • Adjusted1 return on average tangible common equity – 29.86% • End of period loan balances increased with strong origination volumes across the portfolio • EOP loan balances increased $501.5 million compared to the linked quarter; 20.3% on an annualized basis • Broad based portfolio growth included a $150.2 million increase in C&I; a $129.7 million increase in finance leases; a $111.2 million increase in ICRE; a $65.4 million increase in residential mortgage loans, and a $60.4 million increase in Oak Street • Total average deposit balances increased $261.3 million, or 8.4% annualized • Stable core deposit balances; $58.0 million decline in total deposit balances, excluding $319.3 million increase in brokered CD's • $49.0 million in noninterest bearing deposit growth from linked quarter • Average noninterest bearing deposits were 33.4% of average total deposits • Accelerating 4.47% net interest margin (FTE) • 49 bp increase from third quarter driven by increase in interest rates and asset sensitive balance sheet • 96 bp increase in loan yields offset 31 bp increase in cost of deposits • Adjusted1 noninterest income of $55.1 million • Record foreign exchange income of $19.6 million, an increase of $7.8 million, or 66.7%, from linked quarter • Record leasing business revenue of $11.1 million, an increase of $4.0 million, or 56.1% compared to linked quarter • Adjusted1 for $0.9 million gain on investment securities 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliations. 2The fair value measurements of assets acquired and liabilities assumed in the Summit acquisition are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. These fair value measurements are considered final as of December 31, 2022. 5

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![](exh992earningsrelease4q2006.jpg)

4Q 2022 highlights • Adjusted1 noninterest expense of $117.3 million • Adjusted1 for $6.4 million in tax credit investment writedowns and $0.7 million of other costs not expected to recur such as acquisition, severance and branch consolidation costs • Increase compared to linked quarter driven by elevated incentive costs tied to record foreign exchange income and overall Company performance during the period • $2.5 million contribution to First Financial Foundation • Efficiency ratio of 58.2%; 55.1% as adjusted1 • Allowance for credit loss (ACL) and provision expense increased compared to linked quarter • Total ACL of $151.4 million; provision expense of $10.0 million o Loans and leases - ACL of $133.0 million; 1.29% of total loans o Unfunded Commitments - ACL of $18.4 million • Increase in provision expense driven by loan grown, slowing prepayments and economic forecasts • NPA to total assets of 0.23% • Net recoveries for the quarter of 1 bp of average loans and leases • Nonaccrual loans of $28.6 million; $7.7 million, or 21.2%, decline compared to linked quarter • Regulatory capital ratios in excess of internal targets • Total capital ratio of 13.64% • Tier 1 common equity of 10.83%; 1 basis point increase from linked quarter • Tangible book value increased by $0.49 to $9.97 due to strong earnings • Tangible common equity increased 16 bps to 5.95%; 8.20%1 excluding ($358.7) million of AOCI • No shares repurchased in fourth quarter 6 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliations. 2The fair value measurements of assets acquired and liabilities assumed in the Summit acquisition are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. These fair value measurements are considered final as of December 31, 2022. .

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![](exh992earningsrelease4q2007.jpg)

adjusted net income1 7 The table below lists certain adjustments that the Company believes are significant to understanding its quarterly performance. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands, except per share amounts As Reported Adjusted 1 As Reported Adjusted 1 Net interest income 157,896$157,896$137,892$137,892$ Provision for credit losses-loans and leases 8,689$8,689$7,898$7,898$ Provision for credit losses-unfunded commitments 1,341$1,341$386$386$ Noninterest income 56,035$56,035$42,534$42,534$ less: gains (losses) on investment securities - 922 A - (880) A Total noninterest income 56,035$55,113$42,534$43,414$ Noninterest expense 124,442$124,442$125,068$125,068$ less: tax credit investment - 6,406 A - 17,212 A less: Summit acquistion costs - 149 A - 76 A less: other - 558 A - 1,671 A Total noninterest expense 124,442$117,329$125,068$106,109$ Income before income taxes 79,459$85,650$47,074$66,913$ Income tax expense 10,373$10,373$(8,631)$(8,631)$ plus: after-tax impact of tax credit investment @ 21% - 5,061 - 13,598 plus: tax effect of adjustments (A) @ 21% statutory rate - 1,300 - 4,166 Total income tax expense 10,373$16,734$(8,631)$9,133$ Net income 69,086$68,916$55,705$57,780$ Net earnings per share - diluted 0.73$0.73$0.59$0.61$ Pre-tax, pre-provision return on average assets 2.12% 2.26% 1.34% 1.82% 4Q 2022 3Q 2022

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![](exh992earningsrelease4q2008.jpg)

profitability 8 Return on Average Assets Return on Avg Tangible Common Equity Diluted EPS 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliation. Efficiency Ratio $0.73 $0.59$0.55 $0.44$0.50 $0.73 $0.61 $0.56 $0.46 $0.58 4Q223Q222Q221Q224Q21 Diluted EPS Adjusted EPS 1 1.63% 1.35%1.28% 1.03%1.16% 1.63% 1.40% 1.31% 1.09% 1.34% 4Q223Q222Q221Q224Q21 ROA Adjusted ROA 1 29.93% 22.29%20.68% 14.93%15.11% 29.86% 23.12%21.26% 15.75% 17.43% 4Q223Q222Q221Q224Q21 ROATCE Adjusted ROATCE 1 70.1% 69.6% 61.8% 69.3% 58.2%60.2% 67.7% 60.9% 58.5% 55.1% 4Q21 1Q22 2Q22 3Q22 4Q22 Efficiency Ratio Adjusted Efficiency Ratio 1

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![](exh992earningsrelease4q2009.jpg)

net interest income & margin 9 Net Interest Margin (FTE) 4Q22 NIM (FTE) Progression Net Interest Income All dollars shown in millions $5.0 $4.2 $3.9 $3.7$6.5 $1.2 $2.3 $2.6 $2.2$2.3 $5.6 $157.9 $137.9 $117.0 $106.3 $110.8 4Q223Q222Q221Q224Q21 Loan Fees Loan Accretion PPP Interest/Fees 3Q22 3.98% Asset yields/mix 0.90% Deposit/funding costs/mix -0.39% Accretion/other -0.02% 4Q22 4.47% 4.28% 3.78% 3.24% 2.93%2.82% 0.15% 0.12% 0.11% 0.11%0.18% 0.04% 0.07% 0.08% 0.07%0.07% 0.16% 4.47% 3.98% 3.45% 3.16%3.23% 4Q223Q222Q221Q224Q21 Basic Margin (FTE) Loan Fees Loan Accretion PPP Fees

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![](exh992earningsrelease4q2010.jpg)

average balance sheet 10 Average Loans Average Securities Average Deposits All dollars shown in millions 1 Includes loans fees and loan accretion $12,632$12,371$12,538$12,784$12,885 0.51% 0.20% 0.09%0.08%0.10% 4Q223Q222Q221Q224Q21 Total Deposits Cost of Deposits $10,059$9,597$9,368$9,267$9,283 6.01% 5.05% 4.16%3.82%3.96% 4Q223Q222Q221Q224Q21 Gross Loans Loan Yield (Gross) 1 $3,705$4,003$4,118$4,308$4,344 3.68% 3.11% 2.78% 2.50% 2.29% 4Q223Q222Q221Q224Q21 Average Investment Securities Investment Securities Yield

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![](exh992earningsrelease4q2011.jpg)

11 1NII – Year 1 impact, represents percentage change for immediate parallel changes in rates 2Reflects percentage of loans classified as variable rate and repricing in ≤ 1yr, hybrid variable rate repricing in > 1yr, or fixed rate, including loans held for sale 3Schedule reflects remaining maturity or repricing frequency for all fixed rate loans or hybrid variable rate loans repricing in > 1yr, including loans held for sale asset sensitive balance sheet positioning Net Interest Income Sensitivity 1 Loans - Variable Exposure2 Fixed/Hybrid Years to Maturity/Repricing3 -6.7% 4.5% 8.2% -100 bps +100 bps +200 bps 11% 7% 9% 73% ≤1 yr 1-2 yrs 2-3 yrs > 3 yrs Variable ≤ 1yr 65% Hybrid > 1yr 8% Fixed 27%

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liquidity and beta profile 12 1Historical data adjusted for the merger with MainSource Financial Group, Inc. using the sum of the individual components. Historical Deposit and Loan Betas1 Total Deposit Beta Loan Beta Liquidity Trends 26% 28% 29% 30% 29% 28% 26% 25% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Cash + Securities / Assets 79% 76% 74% 72% 72% 77% 79% 81% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Loans / Deposits Ratio 53.1% 79.0% 62.1% 3Q15-2Q19 Fed Cycle (+225bps) 3Q19-4Q21 Fed Cycle (-225bps) 1Q22-4Q22 Fed Cycle (+425bps) 24% 31% 10% 3Q15-2Q19 Fed Cycle (+225bps) 3Q19-4Q21 Fed Cycle (-225bps) 1Q22-4Q22 Fed Cycle (+425bps)

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13 Liquidity Sources Available Borrowing Capacity Liquidity Sources • In addition to deposits, First Financial has approximately $6.0 billion of readily available funding sources to meet customer needs through the following sources: • Interest-bearing deposits with other banks • Fed funds • FHLB funding • Brokered CDs • Highly liquid securities • Fed discount window • Investment securities portfolio: • $814 million of expected cash flow from securities portfolio in next 12 months • $371 million of securities available to be sold at breakeven • Portfolio duration of 4.6 years at 12/31 liquidity and borrowing capacity Investment Liquidity (dollars shown in thousands) (dollars shown in billions) Interest-bearing deposits with other banks 387,982$ Fed funds 1,688,000 Unpledged investment securities 1,931,516 FHLB borrowing availability 347,435 Brokered CDs 959,090 Funds available through Fed Discount Window 714,623 Total as of December 31, 2022 6,028,646$$4.6 $4.5 $4.6 $4.8 $5.1 $4.5 $4.3 $3.7 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Available borrowing capacity

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![](exh992earningsrelease4q2014.jpg)

loan portfolio 14 Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) All dollars shown in millions Total growth/(decline): $501.5 million ICRE $3,526 34% Commercial & Small Business Banking $3,362 33% Oak Street $670 7% Franchise $276 3% Summit $307 3% Consumer $972 9% Mortgage $1,183 11% PPP $3 0% Total $10.3 Billion 1 $111.2 $150.2 $60.4 -$19.7 $129.7 $5.2 $65.4 -$0.9 ICRE Commercial & Small Business Banking Oak Street Franchise Summit Consumer Mortgage PPP

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![](exh992earningsrelease4q2015.jpg)

loan concentrations 15 C&I and Owner Occupied CRE Loans by Sector1 Investor CRE Loans by Property Type All dollars shown in millions 1 Excludes Summit Funding Group Property Type 12/31/22 % of Total Loans Residential Multi Family 5+ $952.5 9.24% Retail Property 790.2 7.67% Office 555.2 5.39% Hospital/Nursing Home 343.9 3.34% Industrial 341.9 3.32% Hotel 291.3 2.83% Residential 1-4 Family 90.4 0.88% Land 85.9 0.83% Other Real Estate 51.2 0.50% Other 23.2 0.23% Grand Total $3,525.8 34.21% NAICS Sector 12/31/22 % of Total Loans Finance and Insurance $787.0 7.64% Real Estate and Rental and Leasing 768.7 7.46% Manufacturing 591.7 5.74% Accommodation and Food Services 349.9 3.39% Health Care and Social Assistance 253.6 2.46% Construction 219.3 2.13% Retail Trade 199.6 1.94% Professional, Scientific, and Technical Services 190.6 1.85% Other Services (except Public Administration) 159.2 1.54% Agriculture, Forestry, Fishing and Hunting 145.4 1.41% Wholesale Trade 139.7 1.36% Transportation and Warehousing 122.3 1.19% Administrative and Support and Waste Management 89.0 0.86% Arts, Entertainment, and Recreation 73.3 0.71% Public Administration 67.5 0.65% Other 154.2 1.50% Grand Total $4,311.0 41.83%

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deposits 16 Deposit Product Mix (Avg) 4Q22 Average Deposit Progression All dollars shown in millions Total growth/(decline): $261.3 million -$90.1 $49.0 $9.3 -$63.4 -$8.1 $319.3 $45.3 Interest-bearing demand Noninterest-bearing Savings Money Markets Retail CDs Brokered CDs Public Funds Interest-bearing demand $1,791 14% Noninterest- bearing $4,225 33% Savings $1,399 11% Money Markets $2,113 17% Retail CDs $841 7% Brokered CDs $446 4% Public Funds $1,817 14% Total $12.6 billion

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noninterest income 17 Noninterest Income 4Q22 Highlights All dollars shown in thousands • Total fee income 26.2% of net revenue • Record foreign exchange income of $19.6 million; increased $7.8 million, or 66.7%, from linked quarter • Record leasing business income of $11.1 million; increased $4.0 million, or 56.1%, from the linked quarter • Trust and wealth management fees of $5.6 million increased $0.2 million, or 2.9%, from the linked quarter • Deposit service charge income of $6.4 million; increased $0.1 million, or 2.0%, from the linked quarter • Mortgage banking income of $2.2 million; decreased $1.5 million, or 40.8%, from the linked quarter • Client derivative income of $1.8 million; $0.4 million, or 25.9%, increase from the linked quarter Service Charges $6,406 11% Wealth Mgmt $5,648 10% Bankcard income $3,736 7% Client derivative fees $1,822 3% Foreign exchange income $19,592 35% Leasing business income $11,124 20% Mortgage origination income $2,206 4% Other $5,501 10% Total $56.0 million

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![](exh992earningsrelease4q2018.jpg)

noninterest expense 18 Noninterest Expense 4Q22 Highlights All dollars shown in thousands • Core expenses increased due to elevated incentive costs tied to record foreign exchange income during the period and overall Company performance • $2.5 million contribution to First Financial Foundation • Adjustments include: • $6.4 million of tax credit investment writedowns • $0.7 million of other costs not expected to recur such as acquisition, branch consolidation and severance costs Salaries and benefits $73,621 59% Occupancy and equipment $8,668 7% Data processing $8,567 7% Professional services $3,015 2% Intangible amortization $2,573 2% Leasing business expense $6,061 5% Other $21,937 18% Total $124.4 million

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![](exh992earningsrelease4q2019.jpg)

current expected credit losses - loans and leases 19 ACL / Total Loans 4Q22 Highlights All dollars shown in thousands • $151.4 million combined ACL; $10.0 million combined provision expense • $133.0 million ACL – loans and leases; increase driven by strong loan growth and slower prepayment rates; 1.29% of loan balances • Utilized Moody's December baseline forecast in quantitative model • $18.4 million ACL – unfunded commitments ACL by Loan Type All dollars shown in millions 4Q21 1Q22 2Q22 3Q22 4Q22 Loans Commercial and industrial 44,052$37,783$39,179$41,032$42,313$ Lease financing 1,633 2,093 2,212 2,450 3,571 Real estate -construction 11,874 11,410 11,965 14,046 13,527 Real estate - commercial 53,420 51,512 39,856 38,071 41,106 Real estate - residential 6,225 6,152 7,383 9,422 12,684 Home equity 9,643 9,676 10,980 11,620 12,447 Installment 1,097 1,075 1,189 4,855 4,945 Credit card 4,048 4,429 5,121 2,600 2,384 ACL-loan and lease losses 131,992$124,130$117,885$124,096$132,977$ ACL-unfunded commitments 13,406$13,179$16,661$17,046$18,388$$133.0$124.1$117.9$124.1$132.0 1.29%1.27%1.25% 1.34%1.42% 4Q223Q222Q221Q224Q21 Allowance for Credit Losses ACL / Total Loans

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asset quality 20 Nonperforming Assets / Total AssetsClassified Assets / Total Assets Net Charge Offs & Provision Expense1 . 1 Provision includes both loans & leases and unfunded commitments All dollars shown in millions $7.4 $2.3 $2.0 $1.7 $(0.2) -$7.7 -$5.8 -$0.8 $8.3 $10.0 -0.01% 0.07% 0.08%0.10% 0.32% 4Q21 1Q22 2Q22 3Q22 4Q22 NCOs Provision Expense NCOs / Average Loans $39.8 $47.4$50.2$53.6 $60.1 0.23%0.28%0.31%0.33%0.37% 4Q223Q222Q221Q224Q21 NPAs NPAs / Total Assets $128.1 $115.0$119.8 $106.8$104.8 0.75%0.69%0.74%0.67%0.64% 4Q223Q222Q221Q224Q21 Classified Assets Classified Assets / Total Assets

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![](exh992earningsrelease4q2021.jpg)

capital 21 Tier 1 Common Equity Ratio Total Capital Ratio Tangible Common Equity Ratio 12/31 Risk Weighted Assets = $12,923,233 All capital numbers are considered preliminary. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company's financial condition. See Appendix for Non-GAAP reconciliation. Adjusted TCE excludes impact from AOCI Tier 1 Capital Ratio 10.83%10.82%10.91%10.87%10.85% 7.00% 4Q223Q222Q221Q224Q21 Tier 1 Common Equity Ratio Basel III minimum 11.17%11.17%11.28%11.24%11.22% 8.50% 4Q223Q222Q221Q224Q21 Tier 1 Capital Ratio Basel III minimum 13.64%13.73%13.94%13.97%14.11% 10.50% 4Q223Q222Q221Q224Q21 Total Capital Ratio Basel III minimum 7.58% 6.95% 6.40% 5.79% 5.95% 7.58% 7.90% 8.01% 8.07% 8.20% 4Q21 1Q22 2Q22 3Q22 4Q22 TCE ratio Adjusted TCE ratio1

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![](exh992earningsrelease4q2022.jpg)

capital strategy 22 Strategy & Deployment Tangible Book Value Per Share • 3.8% annualized dividend yield • 31.5% of 4Q22 earnings returned to shareholders through common dividend • Most recent internal stress testing indicates capital ratios above regulatory minimums in all modeled scenarios • Common dividend expected to remain unchanged in near-term • No shares repurchased in 4Q22; no plans to repurchase shares in near- term• Increase in TBV per share driven by strong earnings during the period $9.97 $9.48 $10.27 $10.97 $12.26 4Q223Q222Q221Q224Q21 Tangible Book Value per Share

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![](exh992earningsrelease4q2023.jpg)

outlook commentary1 • Loan balances expected to grow mid single digits in near term • Core deposit balances to moderately decline in near term 23 • Expected to be $109-111 million • Growth in leasing business expense as portfolio grows • Incentive expense will fluctuate with fee income Noninterest Expense Net Interest Margin Balance Sheet Credit • Continued stability in credit quality trends • ACL coverage expected to be slightly higher • Uncertainty regarding inflation and macroeconomic environment Noninterest Income • Total fee income expected to be $45-47 million • Foreign exchange income expected to return to historical levels in 1Q23 1 See Forward Looking Statement Disclosure on page 2-3 of this presentation for a discussion of factors that could affect management's expectations and results in future periods. • Expected to be 4.50% - 4.60% • Likely to peak in 1Q dependent upon Fed action Capital • Expect to maintain dividend at current levels

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The Company's Investor Presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting provides meaningful information and therefore we use it to supplement our GAAP information. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments and to provide an additional measure of performance. We believe this information is helpful in understanding the results of operations separate and apart from items that may, or could, have a disproportional positive or negative impact in any given period. For a reconciliation of the differences between the non-GAAP financial measures and the most comparable GAAP measures, please refer to the following reconciliation tables. to GAAP Reconciliation 24 appendix: non-GAAP measures

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![](exh992earningsrelease4q2025.jpg)

appendix: non-GAAP to GAAP reconciliation 25 All dollars shown in thousands Net interest income and net interest margin - fully tax equivalent Dec. 31, Sep. 30, June 30, Mar. 31, Dec. 31, 2022 2022 2022 2022 2021 Net interest income 157,896$137,892$117,010$106,345$110,806$ Tax equivalent adjustment 1,553 1,712 1,625 1,467 1,386 Net interest income - tax equivalent 159,449$139,604$118,635$107,812$112,192$ Average earning assets 14,136,477$13,917,815$13,780,243$13,848,596$13,793,644$ Net interest margin1 4.43 % 3.93 % 3.41 % 3.11 % 3.19 % Net interest margin (fully tax equivalent)1 4.47 % 3.98 % 3.45 % 3.16 % 3.23 % Three months ended 1 Margins are calculated using net interest income annualized divided by average earning assets. 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.

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![](exh992earningsrelease4q2026.jpg)

appendix: non-GAAP to GAAP reconciliation 26 All dollars shown in thousands Additional non-GAAP ratios Dec. 31, Sep. 30, June 30, Mar. 31, Dec. 31, (Dollars in thousands, except per share data) 2022 2022 2022 2022 2021 Net income (a) 69,086$55,705$51,520$41,301$46,945$ Average total shareholders' equity 2,009,564 2,089,179 2,099,670 2,225,495 2,241,820 Less: Goodw ill (998,575) (999,690) (999,958) (1,000,238) (938,453) Other intangibles (95,256) (97,781) (100,354) (103,033) (71,006) Average tangible equity (b) 915,733 991,708 999,358 1,122,224 1,232,361 Total shareholders' equity 2,041,373 1,994,132 2,068,670 2,137,445 2,258,942 Less: Goodw ill (1,001,507) (998,422) (999,959) (999,959) (1,000,749) Other intangibles (93,919) (96,528) (99,019) (101,673) (104,367) Ending tangible equity (c) 945,947 899,182 969,692 1,035,813 1,153,826 Less: AOCI (358,663) (354,570) (243,328) (142,477) (433) Ending tangible equity less AOCI (d) 1,304,610 1,253,752 1,213,020 1,178,290 1,154,259 Total assets 17,003,316 16,623,793 16,243,714 16,009,150 16,329,141 Less: Goodw ill (1,001,507) (998,422) (999,959) (999,959) (1,000,749) Other intangibles (93,919) (96,528) (99,019) (101,673) (104,367) Ending tangible assets (e) 15,907,890 15,528,843 15,144,736 14,907,518 15,224,025 Risk-w eighted assets (f) 12,923,233 12,467,422 11,982,860 11,705,447 11,642,201 Total average assets 16,767,598 16,385,989 16,185,978 16,184,919 16,036,417 Less: Goodw ill (998,575) (999,690) (999,958) (1,000,238) (938,453) Other intangibles (95,256) (97,781) (100,354) (103,033) (71,006) Average tangible assets (g) 15,673,767$15,288,518$15,085,666$15,081,648$15,026,958$ Ending shares outstanding (h) 94,891,099 94,833,964 94,448,792 94,451,496 94,149,240 Ratios Return on average tangible shareholders' equity (a)/(b) 29.93% 22.29% 20.68% 14.93% 15.11% Ending tangible equity as a percent of: Ending tangible assets (c)/(e) 5.95% 5.79% 6.40% 6.95% 7.58% Risk-w eighted assets (c)/(f) 7.32% 7.21% 8.09% 8.85% 9.91% Ending tangible equity excluding AOCI as a percent of: Ending tangible assets (d)/(e) 8.20% 8.07% 8.01% 7.90% 7.58% Average tangible equity as a percent of average tangible assets (b)/(g) 5.84% 6.49% 6.62% 7.44% 8.20% Tangible book value per share (c)/(h) 9.97$9.48$10.27$10.97$12.26$ Three months ended,

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![](exh992earningsrelease4q2027.jpg)

appendix: non-GAAP to GAAP reconciliation 27 All dollars shown in thousands Additional non-GAAP measures 2Q22 1Q22 As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) 157,896$157,896$137,892$137,892$117,010$117,010$106,345$106,345$ Provision for credit losses-loans and leases (j) 8,689 8,689 7,898 7,898 (4,267) (4,267) (5,589) (5,589) Provision for credit losses-unfunded commitments (j) 1,341 1,341 386 386 3,481 3,481 (226) (226) Noninterest income 56,035 56,035 42,534 42,534 49,778 49,778 41,294 41,294 less: gains (losses) on sale of investment securities 922 (880) (1,054) (196) less: other - - - - Total noninterest income (g) 56,035 55,113 42,534 43,414 49,778 50,832 41,294 41,490 Noninterest expense 124,442 124,442 125,068 125,068 103,034 103,034 102,805 102,805 less: tax credit investments 6,406 17,212 104 104 less: legal settlement - - - - less: Summit acquisition costs 149 76 100 323 less: COVID-19 and other 558 1,671 666 2,354 Total noninterest expense (e) 124,442 117,329 125,068 106,109 103,034 102,164 102,805 100,024 Income before income taxes (i) 79,459 85,650 47,074 66,913 64,540 66,464 50,649 53,626 Income tax expense 10,373 10,373 (8,631) (8,631) 13,020 13,020 9,348 9,348 plus: tax effect of adjustments 5,061 13,598 82 83 plus: after-tax impact of tax credit investments @ 21% 1,300 4,166 404 625 Total income tax expense (h) 10,373 16,734 (8,631) 9,133 13,020 13,506 9,348 10,056 Net income (a) 69,086$68,916$55,705$57,780$51,520$52,958$41,301$43,570$ Average diluted shares (b) 94,832 94,832 94,794 94,794 94,450 94,450 94,264 94,264 Average assets (c) 16,767,598 16,767,598 16,385,989 16,385,989 16,185,978 16,185,978 16,184,919 16,184,919 Average shareholders' equity 2,009,564 2,009,564 2,089,179 2,089,179 2,099,670 2,099,670 2,225,495 2,225,495 Less: Goodw ill and other intangibles (1,093,831) (1,093,831) (1,097,471) (1,097,471) (1,100,312) (1,100,312) (1,103,271) (1,103,271) Average tangible equity (d) 915,733 915,733 991,708 991,708 999,358 999,358 1,122,224 1,122,224 Ratios Net earnings per share - diluted (a)/(b) 0.73$0.73$0.59$0.61$0.55$0.56$0.44$0.46$ Return on average assets - (a)/(c) 1.63% 1.63% 1.35% 1.40% 1.28% 1.31% 1.03% 1.09% Pre-tax, pre-provision return on average assets - ((a)+(j)+(h))/(c) 2.12% 2.26% 1.34% 1.82% 1.58% 1.63% 1.12% 1.20% Return on average tangible shareholders' equity - (a)/(d) 29.93% 29.86% 22.29% 23.12% 20.68% 21.26% 14.93% 15.75% Efficiency ratio - (e)/((f)+(g)) 58.2% 55.1% 69.3% 58.5% 61.8% 60.9% 69.6% 67.7% Effective tax rate - (h)/(i) 13.1% 19.5% -18.3% 13.6% 20.2% 20.3% 18.5% 18.8% (Dollars in thousands, except per share data) 4Q22 3Q22

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28 First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202

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