FFBCFIRST FINANCIAL BANCORP /OH/
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.4B
- Employees
- 2,199
- Net debt / EBITDA
- —
- $108M net debt
- AI in 10-K
- 6.1
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo1322× net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo28% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo6.1 per 10K words · 86th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $205K | $218K | $256K | $229K | $256K | 12% |
| Operating cash flow | $388M | $201M | $487M | $262M | $338M | 29% |
| Capex | $15M | $14M | $24M | $21M | $21M | 1.5% |
| Stock-based comp | $10M | $13M | $15M | $16M | $16M | 0.7% |
| Buybacks | $108M | $0 | $0 | — | — | |
| Dividends | $87M | $87M | $87M | $90M | $95M | 5.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 14
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 112 | 109 |
| FY2024 | $3M | $3M | 116 | 109 |
| FY2023 | $3M | $4M | 115 | 108 |
| FY2022 | $3M | $3M | 122 | 113 |
| FY2021 | $3M | $3M | 145 | 137 |