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FFBC First Financial Bancorp PE ratio, current and historical analysis

As of May 21, 2024, the First Financial Bancorp stock's P/E ratio is 9.29. This takes into account the latest EPS of $2.51 and stock price of $23.32. The PE ratio has increased by 17% from its last 4 quarters average of 8.0.

FFBC PE ratio history

How has FFBC's PE ratio performed in the past

The PE ratio of First Financial Bancorp has averaged 13.17 over the last ten years. The current price-to-earnings ratio of 9.29 is 29% 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.

Average
13.17
Median
12.53
Minimum
6.85
Maximum
20.01

First Financial Bancorp PE ratio by year

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%

FFBC average PE ratio chart

What is the average PE ratio of FFBC for the past years

Currently, FFBC's PE ratio is under its 3, 5 and 10-year averages.

3-year avg
9.56
5-year avg
9.93
10-year avg
13.17
15-year avg
13.27

FFBC PE vs peers

What is FFBC's PE ratio compared to its peers

FFBC's PE ratio is less than its peer stocks HBAN and PRK, but it is above PEBO's and FMNB's. First Financial Bancorp is currently trading at a lower PE ratio (9.29) than its peers average of 11.33.

Stock name PE ratio Market cap
SBFG Sb Financial Group Inc 7.85 $94.02M
UBCP United Bancorp Inc 7.86 $74.42M
FMNB Farmers National Banc Corp 8.65 $474.26M
PEBO Peoples Bancorp Inc 8.92 $1.07B
FFBC First Financial Bancorp 9.29 $2.23B
OVBC Ohio Valley Banc Corp 9.79 $113.13M
WSBC Wesbanco Inc 12 $1.71B
HBAN Huntington Bancshares Inc 12.63 $20.51B
LCNB Lcnb Corp 16.61 $206.77M
PRK Park National Corp 17.64 $2.26B

Frequently asked questions

What is First Financial Bancorp's PE ratio?

FFBC's price to earnings ratio is 9.29 as of May 21, 2024.

What is the 3-year average PE ratio for First Financial Bancorp (FFBC)?

The 3-year average PE ratio for FFBC stock is 9.56.

What is the 5-year average PE ratio for First Financial Bancorp (FFBC)?

The 5-year average PE ratio for FFBC stock is 9.93.

What is the highest PE ratio for FFBC?

Over the last ten years, the Jun 2014 quarter recorded the highest quarterly PE ratio at 20.01.

How does the current PE ratio for FFBC compare to its historical average?

FFBC's price to earnings ratio is currently 29% below its 10-year historical average.

Why is First Financial Bancorp's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is FFBC's PE ratio calculated (First Financial Bancorp PE ratio formula)?

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 21, 2024), First Financial Bancorp's share price is $23.32. 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 9.29. PE RATIO(9.29) = STOCK PRICE($23.32) / TTM EPS($2.51)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.