As of May 2, 2024, the First Financial Bancorp stock's P/E ratio is 8.49. This takes into account the latest EPS of $2.72 and stock price of $23.08. The PE ratio has increased by 9% from its last 4 quarters average of 7.8.
The PE ratio of First Financial Bancorp has averaged 13.28 over the last ten years. The current price-to-earnings ratio of 8.49 is 36% less than the historical average. Analyzing the last ten years, FFBC's PE ratio reached its highest point in the Jun 2014 quarter at 20.01, when the price was $17.21 and the EPS was $0.86. 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 under its 3, 5 and 10-year averages.
FFBC's PE ratio is less than its peer stocks HBAN and PRK, but it is above SBFG's and UBCP's. First Financial Bancorp is currently trading at a lower PE ratio (8.49) than its peers average of 10.62.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SBFG Sb Financial Group Inc | 7.6 | $91.29M |
| UBCP United Bancorp Inc | 7.83 | $70.09M |
| FFBC First Financial Bancorp | 8.56 | $2.21B |
| OVBC Ohio Valley Banc Corp | 8.6 | $109.3M |
| PEBO Peoples Bancorp Inc | 8.89 | $1.06B |
| FMNB Farmers National Banc Corp | 9.23 | $464.44M |
| WSBC Wesbanco Inc | 11.78 | $1.68B |
| HBAN Huntington Bancshares Inc | 12.33 | $20.02B |
| LCNB Lcnb Corp | 13.22 | $192.35M |
| PRK Park National Corp | 17.23 | $2.21B |
FFBC's price to earnings ratio is 8.49 as of May 2, 2024.
The 3-year average PE ratio for FFBC stock is 9.62.
The 5-year average PE ratio for FFBC stock is 9.99.
Over the last ten years, the Jun 2014 quarter recorded the highest quarterly PE ratio at 20.01.
FFBC's price to earnings ratio is currently 36% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
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 (May 2, 2024), First Financial Bancorp's share price is $23.08. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.72. Therefore, First Financial Bancorp's price to earnings ratio for today is 8.49. PE RATIO(8.49) = STOCK PRICE($23.08) / TTM EPS($2.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.