XML 149 R118.htm IDEA: XBRL DOCUMENT v3.20.4
FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]              
Cash $ 200,691 $ 236,221 $ 236,221 $ 231,054 $ 200,691 $ 236,221 $ 150,650
Other investments       133,198 125,020    
Premises and equipment       207,211 214,506    
Total assets       15,973,134 14,511,625    
Subordinated Debt       321,384 170,967    
Other liabilities       516,265 323,134    
Total liabilities       13,691,064 12,263,920    
Shareholders’ equity       2,282,070 2,247,705 2,078,249 930,664
Total liabilities and shareholders’ equity       15,973,134 14,511,625    
Income Statement [Abstract]              
Noninterest income 189,123 131,373 103,382        
Interest Expense 68,452 123,324 91,147        
Salaries and employee benefits 236,779 209,061 188,990        
Professional services 9,961 11,254 12,272        
Income before income taxes and equity in undistributed net earnings of subsidiaries 184,411 242,862 214,221        
Income tax expense (benefit) 28,601 44,787 41,626        
Net income 155,810 198,075 172,595        
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 191,151 254,900 153,670        
Operating activities              
Net income 155,810 198,075 172,595        
Adjustments to reconcile net income to net cash provided by operating activities              
Depreciation and amortization 33,337 28,138 24,171        
Stock-based compensation expense 7,678 7,969 6,219        
Deferred income taxes (8,380) 12,590 6,267        
Decrease (increase) in other assets (288,857) (165,902) 35,000        
Net cash provided by (used in) operating activities 109,888 186,329 260,346        
Investing activities              
Net cash acquired (paid) in business combinations 0 (51,663)          
Cash Acquired from Acquisition     64,895        
Proceeds from sales and maturities of investment securities 904,821 557,034 387,351        
Purchases of investment securities (1,551,952) (834,743) (852,131)        
Net cash provided by (used in) investing activities (1,204,871) (252,424) (204,785)        
Financing activities              
Net (decrease) increase in short-term borrowings (1,149,587) 275,490 30,531        
Cash dividends paid on common stock (89,691) (89,097) (79,655)        
Treasury stock purchase (16,686) (66,218) 0        
Proceeds from exercise of stock options, net of shares purchased 72 90 284        
Net cash provided by (used in) financing activities 1,125,346 30,565 30,010        
Cash and due from banks at beginning of year 200,691 236,221 150,650        
Cash and due from banks at end of year 231,054 200,691 236,221        
Parent Company [Member]              
Statement of Financial Position [Abstract]              
Cash 55,869 86,878 57,719 172,902 55,869 $ 86,878 $ 57,719
Other investments       1,388 1,116    
Subordinated notes from subsidiaries       7,500 7,500    
Premises and equipment       1,328 1,344    
Other assets       68,812 77,572    
Total assets       2,607,498 2,424,652    
Subordinated Debt       320,615 171,983    
Dividends payable       674 849    
Other liabilities       4,139 4,115    
Total liabilities       325,428 176,947    
Shareholders’ equity       2,282,070 2,247,705    
Total liabilities and shareholders’ equity       2,607,498 2,424,652    
Income Statement [Abstract]              
Interest income 27 30 23        
Noninterest income 272 191 0        
Dividends from subsidiaries 81,725 196,800 107,340        
Total income 82,024 197,021 107,363        
Interest Expense 14,172 9,552 8,798        
Salaries and employee benefits 8,004 8,169 6,413        
Professional services 1,160 1,040 5,130        
Other 5,163 6,599 5,648        
Total expenses 28,499 25,360 25,989        
Income before income taxes and equity in undistributed net earnings of subsidiaries 53,525 171,661 81,374        
Income tax expense (benefit) (6,145) (5,975) (6,687)        
Equity in undistributed earnings (loss) of subsidiaries (96,140) (20,439) (84,534)        
Net income 155,810 198,075 172,595        
Operating activities              
Net income 155,810 198,075 172,595        
Adjustments to reconcile net income to net cash provided by operating activities              
Equity in undistributed earnings (loss) of subsidiaries (96,140) (20,439) (84,534)        
Depreciation and amortization 712 584 194        
Stock-based compensation expense 7,678 7,969 6,219        
Deferred income taxes (158) 1,255 739        
(Decrease) increase in dividends payable (175) 384 (10,500)        
(Decrease) increase in other liabilities (22) (244) 9,979        
Decrease (increase) in other assets 8,635 (7,187) 16,346        
Net cash provided by (used in) operating activities 76,340 180,397 111,038        
Investing activities              
Capital contributions to subsidiaries 0 0 (3,000)        
Net cash acquired (paid) in business combinations 0 (53,660)          
Cash Acquired from Acquisition     11,353        
Proceeds from sales and maturities of investment securities 0 264 0        
Purchases of investment securities 0 (500) 0        
Net cash provided by (used in) investing activities 0 (53,896) 8,353        
Financing activities              
Net (decrease) increase in short-term borrowings 0 0 (8,333)        
Proceeds from Issuance of Subordinated Long-term Debt 150,000 0 0        
Cash dividends paid on common stock (89,691) (89,097) (79,655)        
Treasury stock purchase (16,686) (66,218) 0        
Proceeds from exercise of stock options, net of shares purchased 72 90 284        
Other (3,002) (2,285) (2,528)        
Net cash provided by (used in) financing activities 40,693 (157,510) (90,232)        
Net increase (decrease) in cash 117,033 (31,009) 29,159        
Cash and due from banks at beginning of year 55,869 86,878 57,719        
Cash and due from banks at end of year $ 172,902 $ 55,869 $ 86,878        
Commercial Banks [Member] | Parent Company [Member]              
Statement of Financial Position [Abstract]              
Investment in subsidiaries       2,346,009 2,272,991    
Nonbanks [Member] | Parent Company [Member]              
Statement of Financial Position [Abstract]              
Investment in subsidiaries       9,559 8,260    
Subsidiaries [Member] | Parent Company [Member]              
Statement of Financial Position [Abstract]              
Investment in subsidiaries       $ 2,355,568 $ 2,281,251