As of Jul 25, 2024, the First Financial Bancorp stock's P/E ratio is 10.78. This takes into account the latest EPS of $2.51 and stock price of $27.06. The PE ratio has increased by 35% from its last 4 quarters average of 8.0.
The PE ratio of First Financial Bancorp has averaged 12.99 over the last ten years. The current price-to-earnings ratio of 10.78 is 17% less than the historical average. Analyzing the last ten years, FFBC's PE ratio reached its highest point in the Dec 2016 quarter at 19.62, when the price was $28.45 and the EPS was $1.45. The lowest point was recorded in the Sep 2023 quarter, when it reached 6.85 with a price of $19.6 and an EPS of $2.86.
Maximum annual increase: 33.56% in 2016
Maximum annual decrease: -27.53% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.73 | -16.06% |
| 2022 | 10.4 | -7.88% |
| 2021 | 11.29 | 3.01% |
| 2020 | 10.96 | -13.43% |
| 2019 | 12.66 | 4.11% |
| 2018 | 12.16 | -27.53% |
| 2017 | 16.78 | -14.48% |
| 2016 | 19.62 | 33.56% |
| 2015 | 14.69 | -12.3% |
| 2014 | 16.75 | -19.28% |
Currently, FFBC's PE ratio is above its 3 and 5-year averages, but it is under its 10-year average.
FFBC's PE ratio is less than its peer stocks HBAN and PRK, but it is above PEBO's and OVBC's. First Financial Bancorp is currently trading at a lower PE ratio (10.78) than its peers average of 12.96.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UBCP United Bancorp Inc | 7.88 | $74.6M |
| SBFG Sb Financial Group Inc | 9.17 | $109.77M |
| OVBC Ohio Valley Banc Corp | 9.63 | $111.21M |
| PEBO Peoples Bancorp Inc | 10.07 | $1.2B |
| FMNB Farmers National Banc Corp | 10.99 | $602.3M |
| FFBC First Financial Bancorp | 11.2 | $2.68B |
| HBAN Huntington Bancshares Inc | 13.5 | $21.91B |
| WSBC Wesbanco Inc | 13.66 | $1.95B |
| LCNB Lcnb Corp | 17.7 | $220.35M |
| PRK Park National Corp | 23.38 | $3B |
FFBC's price to earnings ratio is 10.78 as of Jul 25, 2024.
The 3-year average PE ratio for FFBC stock is 9.33.
The 5-year average PE ratio for FFBC stock is 9.85.
Over the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 19.62.
FFBC's price to earnings ratio is currently 17% below its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 25, 2024), First Financial Bancorp's share price is $27.06. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.51. Therefore, First Financial Bancorp's price to earnings ratio for today is 10.78. PE RATIO(10.78) = STOCK PRICE($27.06) / TTM EPS($2.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.