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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Balance Sheets
|  | December 31,
(Dollars in thousands) |  | 2019 |  | 2018
Assets |  |  |  |
Cash |  | $ | 55,869 |  |  | $ | 86,878 |
Investment securities |  | 1,116 |  |  | 694 |
Subordinated notes from subsidiaries |  | 7,500 |  |  | 7,500 |
Investment in subsidiaries |  |  |  |
Commercial bank |  | 2,272,991 |  |  | 2,078,655 |
Non-banks |  | 8,260 |  |  | 7,194 |
Total investment in subsidiaries |  | 2,281,251 |  |  | 2,085,849 |
Premises and equipment |  | 1,344 |  |  | 1,361 |
Other assets |  | 77,572 |  |  | 71,817 |
Total assets |  | $ | 2,424,652 |  |  | $ | 2,254,099 |
Liabilities |  |  |  |
Subordinated notes |  | $ | 171,983 |  |  | $ | 171,416 |
Dividends payable |  | 849 |  |  | 465 |
Other liabilities |  | 4,115 |  |  | 3,969 |
Total liabilities |  | 176,947 |  |  | 175,850 |
Shareholders’ equity |  | 2,247,705 |  |  | 2,078,249 |
Total liabilities and shareholders’ equity |  | $ | 2,424,652 |  |  | $ | 2,254,099 |
Schedule of Condensed Income Statement | Statements of Income and Comprehensive Income
|  | Years Ended December 31,
(Dollars in thousands) |  | 2019 |  | 2018 |  | 2017
Income |  |  |  |  |  |
Interest income |  | $ | 30 |  |  | $ | 23 |  |  | $ | 6 |
Noninterest income |  | 191 |  |  | 0 |  |  | 86 |
Dividends from subsidiaries |  | 196,800 |  |  | 107,340 |  |  | 54,600 |
Total income |  | 197,021 |  |  | 107,363 |  |  | 54,692 |
Expenses |  |  |  |  |  |
Interest expense |  | 9,552 |  |  | 8,798 |  |  | 6,152 |
Salaries and employee benefits |  | 8,169 |  |  | 6,413 |  |  | 5,519 |
Professional services |  | 1,040 |  |  | 5,130 |  |  | 970 |
Other |  | 6,599 |  |  | 5,648 |  |  | 4,819 |
Total expenses |  | 25,360 |  |  | 25,989 |  |  | 17,460 |
Income before income taxes and equity in undistributed net earnings of subsidiaries |  | 171,661 |  |  | 81,374 |  |  | 37,232 |
Income tax expense (benefit) |  | (5,975 | ) |  | (6,687 | ) |  | (7,080 | )
Equity in undistributed earnings (loss) of subsidiaries |  | 20,439 |  |  | 84,534 |  |  | 52,475 |
Net income |  | $ | 198,075 |  |  | $ | 172,595 |  |  | $ | 96,787 |
Comprehensive income |  | $ | 254,900 |  |  | $ | 153,670 |  |  | $ | 104,840 |
Schedule of Condensed Cash Flow Statement | Statements of Cash Flows
|  | Years Ended December 31,
(Dollars in thousands) |  | 2019 |  | 2018 |  | 2017
Operating activities |  |  |  |  |  |
Net income |  | $ | 198,075 |  |  | $ | 172,595 |  |  | $ | 96,787 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |
Equity in undistributed (earnings) loss of subsidiaries |  | (20,439 | ) |  | (84,534 | ) |  | (52,475 | )
Depreciation and amortization |  | 584 |  |  | 194 |  |  | 193 |
Stock-based compensation expense |  | 7,969 |  |  | 6,219 |  |  | 5,446 |
Deferred income taxes |  | 1,255 |  |  | 739 |  |  | (360 | )
(Decrease) increase in dividends payable |  | 384 |  |  | (10,500 | ) |  | 579 |
Increase (decrease) in other liabilities |  | (244 | ) |  | 9,979 |  |  | (889 | )
Decrease (increase) in other assets |  | (7,187 | ) |  | 16,346 |  |  | (6,951 | )
Net cash provided by (used in) operating activities |  | 180,397 |  |  | 111,038 |  |  | 42,330 |
Investing activities |  |  |  |  |  |
Capital contributions to subsidiaries |  | 0 |  |  | (3,000 | ) |  | 0 |
Net cash acquired (paid) in business combinations |  | (53,660 | ) |  | 11,353 |  |  | 0 |
Proceeds from sales and maturities of investment securities |  | 264 |  |  | 0 |  |  | 0 |
Purchases of investment securities |  | (500 | ) |  | 0 |  |  | 0 |
Net cash (used in) provided by investing activities |  | (53,896 | ) |  | 8,353 |  |  | 0 |
Financing activities |  |  |  |  |  |
(Decrease) increase in short-term borrowings |  | 0 |  |  | (8,333 | ) |  | 0 |
Cash dividends paid on common stock |  | (89,097 | ) |  | (79,655 | ) |  | (41,178 | )
Purchases of common stock |  | (66,218 | ) |  | 0 |  |  | 0 |
Proceeds from exercise of stock options, net of shares purchased |  | 90 |  |  | 284 |  |  | 341 |
Other |  | (2,285 | ) |  | (2,528 | ) |  | (3,059 | )
Net cash (used in) provided by financing activities |  | (157,510 | ) |  | (90,232 | ) |  | (43,896 | )
Net increase (decrease) in cash |  | (31,009 | ) |  | 29,159 |  |  | (1,566 | )
Cash at beginning of year |  | 86,878 |  |  | 57,719 |  |  | 59,285 |
Cash at end of year |  | $ | 55,869 |  |  | $ | 86,878 |  |  | $ | 57,719 |

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