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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | First Financial Bancorp. (Parent Company Only) Financial Information 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 |
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 |
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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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