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FIRST FINANCIAL BANCORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Balance Sheets
|  | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Assets |  |  |  |
Cash |  | $ | 214,464 |  |  | $ | 134,745 |
Investment securities |  | 1,333 |  |  | 1,134 |
Subordinated notes from subsidiaries |  | 7,500 |  |  | 7,500 |
Investment in subsidiaries |  |  |  |
Commercial bank |  | 2,414,247 |  |  | 2,334,411 |
Non-banks |  | 10,426 |  |  | 8,915 |
Total investment in subsidiaries |  | 2,424,673 |  |  | 2,343,326 |
Premises and equipment |  | 250 |  |  | 274 |
Other assets |  | 111,054 |  |  | 101,001 |
Total assets |  | $ | 2,759,274 |  |  | $ | 2,587,980 |
Liabilities |  |  |  |
Subordinated notes |  | $ | 313,392 |  |  | $ | 312,550 |
Dividends payable |  | 1,659 |  |  | 1,440 |
Other liabilities |  | 6,182 |  |  | 6,016 |
Total liabilities |  | 321,233 |  |  | 320,006 |
Shareholders’ equity |  | 2,438,041 |  |  | 2,267,974 |
Total liabilities and shareholders’ equity |  | $ | 2,759,274 |  |  | $ | 2,587,980 |
Schedule of Condensed Income Statement | Statements of Income and Comprehensive Income (Loss)
|  | Years Ended December 31,
(Dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Income |  |  |  |  |  |
Interest income |  | $ | 24 |  |  | $ | 42 |  |  | $ | 37 |
Noninterest income |  | 262 |  |  | 1,230 |  |  | 13 |
Net gain (loss) on equity securities |  | 408 |  |  | (546) |  |  | (156) |
Dividends from subsidiaries |  | 200,000 |  |  | 164,974 |  |  | 171,900 |
Total income |  | 200,694 |  |  | 165,700 |  |  | 171,794 |
Expenses |  |  |  |  |  |
Interest expense |  | 18,400 |  |  | 18,305 |  |  | 16,624 |
Salaries and employee benefits |  | 16,410 |  |  | 16,351 |  |  | 13,547 |
Professional services |  | 1,346 |  |  | 1,510 |  |  | 256 |
Other |  | 5,150 |  |  | 5,281 |  |  | 5,581 |
Total expenses |  | 41,306 |  |  | 41,447 |  |  | 36,008 |
Income before income taxes and equity in undistributed net earnings of subsidiaries |  | 159,388 |  |  | 124,253 |  |  | 135,786 |
Income tax expense (benefit) |  | (9,714) |  |  | (9,879) |  |  | (8,523) |
Equity in undistributed earnings (loss) of subsidiaries |  | 59,728 |  |  | 121,731 |  |  | 73,303 |
Net income |  | $ | 228,830 |  |  | $ | 255,863 |  |  | $ | 217,612 |
Comprehensive income (loss) |  | $ | 248,850 |  |  | $ | 304,707 |  |  | $ | (140,618) |
Schedule of Condensed Cash Flow Statement | Statements of Cash Flows
|  | Years Ended December 31,
(Dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Operating activities |  |  |  |  |  |
Net income |  | $ | 228,830 |  |  | $ | 255,863 |  |  | $ | 217,612 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |
Equity in undistributed (earnings) loss of subsidiaries |  | (59,728) |  |  | (121,731) |  |  | (73,303) |
Depreciation and amortization |  | 853 |  |  | 975 |  |  | 860 |
Stock-based compensation expense |  | 15,693 |  |  | 14,898 |  |  | 13,379 |
Net (gain) loss on investment securities |  | (408) |  |  | 546 |  |  | 156 |
Deferred income taxes |  | 1 |  |  | (285) |  |  | (475) |
(Decrease) increase in dividends payable |  | 219 |  |  | 169 |  |  | 229 |
(Decrease) increase in other liabilities |  | (109) |  |  | (213) |  |  | 634 |
Decrease (increase) in other assets |  | (10,054) |  |  | (10,129) |  |  | (8,748) |
Net cash provided by (used in) operating activities |  | 175,297 |  |  | 140,093 |  |  | 150,344 |
Investing activities |  |  |  |  |  |
Capital contributions to subsidiaries |  | (1,000) |  |  | (167) |  |  | 0 |
Net cash acquired (paid) in business combinations |  | 0 |  |  | (3,400) |  |  | 0 |
Proceeds from sales of investment securities |  | 209 |  |  | 0 |  |  | 0 |
Purchases of premises and equipment |  | (2) |  |  | (13) |  |  | 0 |
Other |  | 16 |  |  | 0 |  |  | 1,011 |
Net cash (used in) provided by investing activities |  | (777) |  |  | (3,580) |  |  | 1,011 |
Financing activities |  |  |  |  |  |
(Decrease) increase in short-term borrowings |  | 0 |  |  | 0 |  |  | (20,000) |
Cash dividends paid on common stock |  | (89,544) |  |  | (87,159) |  |  | (86,606) |
Proceeds from exercise of stock options, net of shares purchased |  | 0 |  |  | 48 |  |  | 177 |
Other |  | (5,257) |  |  | (5,670) |  |  | (3,659) |
Net cash provided by (used in) financing activities |  | (94,801) |  |  | (92,781) |  |  | (110,088) |
Net increase (decrease) in cash |  | 79,719 |  |  | 43,732 |  |  | 41,267 |
Cash at beginning of year |  | 134,745 |  |  | 91,013 |  |  | 49,746 |
Cash at end of year |  | $ | 214,464 |  |  | $ | 134,745 |  |  | $ | 91,013 |

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