XML 149 R118.htm IDEA: XBRL DOCUMENT v3.22.0.1
FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]        
Cash $ 220,031 $ 231,054 $ 200,691 $ 236,221
Other investments 102,971 133,198    
Premises and equipment 193,040 207,211    
Total assets 16,329,141 15,973,134    
Short-term Debt 296,203 166,594 1,316,181  
Subordinated Debt 313,248 321,384    
Other liabilities 492,210 516,265    
Total liabilities 14,070,199 13,691,064    
Shareholders’ equity 2,258,942 2,282,070 2,247,705 2,078,249
Total liabilities and shareholders’ equity 16,329,141 15,973,134    
Income Statement [Abstract]        
Noninterest income 171,506 189,123 131,373  
Interest Expense 31,099 68,452 123,324  
Salaries and employee benefits 245,924 236,779 209,061  
Professional services 11,676 9,961 11,254  
Income before income taxes and equity in undistributed net earnings of subsidiaries 240,933 184,411 242,862  
Income tax expense (benefit) 35,773 28,601 44,787  
Net income 205,160 155,810 198,075  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 156,063 191,151 254,900  
Operating activities        
Net income 205,160 155,810 198,075  
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 32,136 33,337 28,138  
Stock-based compensation expense 9,635 7,678 7,969  
Equity Securities, FV-NI, Unrealized Gain (Loss) (702) (9,045) (575)  
Deferred income taxes 12,087 (8,380) 12,590  
Decrease (increase) in other assets 138,225 (288,857) (165,902)  
Net cash provided by (used in) operating activities 390,462 109,888 186,329  
Investing activities        
Net cash acquired (paid) in business combinations (109,024) 0 (51,663)  
Proceeds from sales and maturities of investment securities 1,139,498 904,821 557,034  
Payments to Acquire Debt Securities, Available-for-sale (2,418,290) (1,551,952) (834,743)  
Net cash provided by (used in) investing activities (512,334) (1,204,871) (252,424)  
Financing activities        
Net (decrease) increase in short-term borrowings 129,609 (1,149,587) 275,490  
Cash dividends paid on common stock (87,316) (89,691) (89,097)  
Treasury stock purchase (108,077) (16,686) (66,218)  
Proceeds from exercise of stock options, net of shares purchased 64 72 90  
Net cash provided by (used in) financing activities 110,849 1,125,346 30,565  
Cash and due from banks at beginning of year 231,054 200,691 236,221  
Cash and due from banks at end of year 220,031 231,054 200,691  
Parent Company [Member]        
Statement of Financial Position [Abstract]        
Cash 49,746 172,902 55,869 $ 86,878
Other investments 1,836 1,388    
Subordinated notes from subsidiaries 7,500 7,500    
Premises and equipment 1,311 1,328    
Other assets 77,132 68,812    
Total assets 2,595,037 2,607,498    
Short-term Debt 20,000 0    
Subordinated Debt 310,864 320,615    
Dividends payable 1,042 674    
Other liabilities 4,189 4,139    
Total liabilities 336,095 325,428    
Shareholders’ equity 2,258,942 2,282,070    
Total liabilities and shareholders’ equity 2,595,037 2,607,498    
Income Statement [Abstract]        
Interest income 34 27 30  
Noninterest income 663 272 191  
Dividends from subsidiaries 202,000 81,725 196,800  
Total income 202,697 82,024 197,021  
Interest Expense 15,900 14,172 9,552  
Salaries and employee benefits 9,784 8,004 8,169  
Professional services 2,343 1,160 1,040  
Other 5,186 5,163 6,599  
Total expenses 33,213 28,499 25,360  
Income before income taxes and equity in undistributed net earnings of subsidiaries 169,484 53,525 171,661  
Income tax expense (benefit) (7,787) (6,145) (5,975)  
Equity in undistributed earnings (loss) of subsidiaries (27,889) (96,140) (20,439)  
Net income 205,160 155,810 198,075  
Operating activities        
Net income 205,160 155,810 198,075  
Adjustments to reconcile net income to net cash provided by operating activities        
Equity in undistributed earnings (loss) of subsidiaries (27,889) (96,140) (20,439)  
Depreciation and amortization 859 712 584  
Stock-based compensation expense 9,635 7,678 7,969  
Equity Securities, FV-NI, Unrealized Gain (Loss) (448) (272) (191)  
Deferred income taxes (224) (158) 1,255  
(Decrease) increase in dividends payable 368 (175) 384  
(Decrease) increase in other liabilities (751) (22) (244)  
Decrease (increase) in other assets (8,096) 8,907 (6,996)  
Net cash provided by (used in) operating activities 178,614 76,340 180,397  
Investing activities        
Capital contributions to subsidiaries (113,152) 0 0  
Net cash acquired (paid) in business combinations 0 0 (53,660)  
Proceeds from sales and maturities of investment securities 0 0 264  
Payments to Acquire Debt Securities, Available-for-sale 0 0 (500)  
Net cash provided by (used in) investing activities (113,152) 0 (53,896)  
Financing activities        
Net (decrease) increase in short-term borrowings 20,000 0 0  
Proceeds from Issuance of Subordinated Long-term Debt (10,592) 150,000 0  
Cash dividends paid on common stock (87,316) (89,691) (89,097)  
Treasury stock purchase (108,077) (16,686) (66,218)  
Proceeds from exercise of stock options, net of shares purchased 64 72 90  
Other (2,697) (3,002) (2,285)  
Net cash provided by (used in) financing activities (188,618) 40,693 (157,510)  
Net increase (decrease) in cash (123,156) 117,033 (31,009)  
Cash and due from banks at beginning of year 172,902 55,869 86,878  
Cash and due from banks at end of year 49,746 172,902 $ 55,869  
Commercial Banks [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries 2,447,095 2,346,009    
Nonbanks [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries 10,417 9,559    
Subsidiaries [Member] | Parent Company [Member]        
Statement of Financial Position [Abstract]        
Investment in subsidiaries $ 2,457,512 $ 2,355,568