First Financial Bancorp (NASDAQ:FFBC) is a $926 million bank holding company that operates over 120 banking centers through its subsidiary, First Financial Bank, in Ohio, Indiana and Kentucky. When last reported, the bank controlled $6.3 billion in assets, had $3.9 billion in loans and $4.8 billion in deposits.
While most banks have just started to tip-toe into paying out earnings through dividends and share repurchases, First Financial breaks the mold and has been doing both with its dividend payout alone just over 100% this last year. With this in mind, I have below a review of the bank's current financial position and recent performance to help evaluate whether or not this high yielding regional bank is worth an...
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