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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Balance Sheets
|  | December 31,
(Dollars in thousands) |  | 2022 |  | 2021
Assets |  |  |  |
Cash |  | $ | 91,013 |  |  | $ | 49,746 |
Investment securities |  | 1,681 |  |  | 1,836 |
Subordinated notes from subsidiaries |  | 7,500 |  |  | 7,500 |
Investment in subsidiaries |  |  |  |
Commercial bank |  | 2,161,338 |  |  | 2,447,095 |
Non-banks |  | 11,246 |  |  | 10,417 |
Total investment in subsidiaries |  | 2,172,584 |  |  | 2,457,512 |
Premises and equipment |  | 283 |  |  | 1,311 |
Other assets |  | 86,355 |  |  | 77,132 |
Total assets |  | $ | 2,359,416 |  |  | $ | 2,595,037 |
Liabilities |  |  |  |
Short-term borrowings |  | $ | 0 |  |  | $ | 20,000 |
Subordinated notes |  | 311,707 |  |  | 310,864 |
Dividends payable |  | 1,271 |  |  | 1,042 |
Other liabilities |  | 5,065 |  |  | 4,189 |
Total liabilities |  | 318,043 |  |  | 336,095 |
Shareholders’ equity |  | 2,041,373 |  |  | 2,258,942 |
Total liabilities and shareholders’ equity |  | $ | 2,359,416 |  |  | $ | 2,595,037 |
Schedule of Condensed Income Statement | Statements of Income and Comprehensive Income (Loss)
|  | Years Ended December 31,
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Income |  |  |  |  |  |
Interest income |  | $ | 37 |  |  | $ | 34 |  |  | $ | 27 |
Noninterest income |  | 13 |  |  | 215 |  |  | 0 |
Net gain (loss) on equity securities |  | (156) |  |  | 448 |  |  | 272 |
Dividends from subsidiaries |  | 171,900 |  |  | 202,000 |  |  | 81,725 |
Total income |  | 171,794 |  |  | 202,697 |  |  | 82,024 |
Expenses |  |  |  |  |  |
Interest expense |  | 16,624 |  |  | 15,900 |  |  | 14,172 |
Salaries and employee benefits |  | 13,547 |  |  | 9,784 |  |  | 8,004 |
Professional services |  | 256 |  |  | 2,343 |  |  | 1,160 |
Other |  | 5,581 |  |  | 5,186 |  |  | 5,163 |
Total expenses |  | 36,008 |  |  | 33,213 |  |  | 28,499 |
Income before income taxes and equity in undistributed net earnings of subsidiaries |  | 135,786 |  |  | 169,484 |  |  | 53,525 |
Income tax expense (benefit) |  | (8,523) |  |  | (7,787) |  |  | (6,145) |
Equity in undistributed earnings (loss) of subsidiaries |  | 73,303 |  |  | 27,889 |  |  | 96,140 |
Net income |  | $ | 217,612 |  |  | $ | 205,160 |  |  | $ | 155,810 |
Comprehensive income (loss) |  | $ | (140,618) |  |  | $ | 156,063 |  |  | $ | 191,151 |
Schedule of Condensed Cash Flow Statement | Statements of Cash Flows
|  | Years Ended December 31,
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2020
Operating activities |  |  |  |  |  |
Net income |  | $ | 217,612 |  |  | $ | 205,160 |  |  | $ | 155,810 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |
Equity in undistributed (earnings) loss of subsidiaries |  | (73,303) |  |  | (27,889) |  |  | (96,140) |
Depreciation and amortization |  | 860 |  |  | 859 |  |  | 712 |
Stock-based compensation expense |  | 13,379 |  |  | 9,635 |  |  | 7,678 |
Unrealized (gain) loss on equity securities |  | 156 |  |  | (448) |  |  | (272) |
Deferred income taxes |  | (475) |  |  | (224) |  |  | (158) |
(Decrease) increase in dividends payable |  | 229 |  |  | 368 |  |  | (175) |
(Decrease) increase in other liabilities |  | 634 |  |  | (751) |  |  | (22) |
Decrease (increase) in other assets |  | (8,748) |  |  | (8,096) |  |  | 8,907 |
Net cash provided by (used in) operating activities |  | 150,344 |  |  | 178,614 |  |  | 76,340 |
Investing activities |  |  |  |  |  |
Capital contributions to subsidiaries |  | 0 |  |  | (113,152) |  |  | 0 |
Other |  | 1,011 |  |  | 0 |  |  | 0 |
Net cash (used in) provided by investing activities |  | 1,011 |  |  | (113,152) |  |  | 0 |
Financing activities |  |  |  |  |  |
(Decrease) increase in short-term borrowings |  | (20,000) |  |  | 20,000 |  |  | 0 |
Proceeds from long-term borrowings |  | 0 |  |  | (10,592) |  |  | 150,000 |
Cash dividends paid on common stock |  | (86,606) |  |  | (87,316) |  |  | (89,691) |
Purchases of common stock |  | 0 |  |  | (108,077) |  |  | (16,686) |
Proceeds from exercise of stock options, net of shares purchased |  | 177 |  |  | 64 |  |  | 72 |
Other |  | (3,659) |  |  | (2,697) |  |  | (3,002) |
Net cash provided by (used in) financing activities |  | (110,088) |  |  | (188,618) |  |  | 40,693 |
Net increase (decrease) in cash |  | 41,267 |  |  | (123,156) |  |  | 117,033 |
Cash at beginning of year |  | 49,746 |  |  | 172,902 |  |  | 55,869 |
Cash at end of year |  | $ | 91,013 |  |  | $ | 49,746 |  |  | $ | 172,902 |

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