First Financial Bancorp. (FFBC) 8-K First Financial Bancorp Announces Proposed Offering of Subordinated Notes

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

		Six Months Ended June 30,			Year ended December 31,
	2015		2014		2014		2013		2012		2011		2010
Computation of Earnings
Net income	$	36,570	$	31,057	$	65,000	$	48,349	$	67,303	$	66,739	$	59,251
Add: Income tax expense		17,734		15,042		30,028		19,234		36,442		38,300		32,702
Income from continuing operations before income taxes		54,304		46,099		95,028		67,583		103,745		105,039		91,953
Fixed charges, excluding interest on deposits		1,151		1,670		3,081		3,641		2,964		4,140		9,656
Total earnings for computation, excluding interest on deposits		55,455		47,769		98,109		71,224		106,709		109,179		101,609
Interest on deposits		9,441		6,922		16,153		13,247		24,625		40,781		58,336
Total earnings for computation, including interest on deposits	$	64,896	$	54,691	$	114,262	$	84,471	$	131,334	$	149,960	$	159,945
Computation of Fixed Charges
Portion of rental expense deemed representative of interest *	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Interest on short-term borrowed funds		556		621		1,268		1,177		262		163		94
Interest on long-term borrowed funds		595		1,049		1,813		2,464		2,702		3,977		9,562
Total fixed charges, excluding interest on deposits		1,151		1,670		3,081		3,641		2,964		4,140		9,656
Interest on deposits		9,441		6,922		16,153		13,247		24,625		40,781		58,336
Total fixed charges, including interest on deposits	$	10,592	$	8,592	$	19,234	$	16,888	$	27,589	$	44,921	$	67,992
Ratio of Earnings to Fixed Charges
Excluding deposit interest		48.18		28.60		31.84		19.56		36.00		26.37		10.52
Including deposit interest		6.13		6.37		5.94		5.00		4.76		3.34		2.35

* All of First Financial Bancorp's leases are operating; none are capitalized.