FFBC - Earnings call transcript Q1 2018 | First Financial Bancorp.

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Operator

Good morning, and welcome to the First Financial Bancorp First Quarter 2018 Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I now would hand the call over to Scott Crawley. sir. ahead, go Please

Scott Crawley

will website morning, and conference thank Financial John available Officer; call financial Officer. Chief today’s quarter Good Archie Executive us President Brown, release press Both Bancorp’s for Officer; Administrative on XXXX and call on www.bankatfirst.com the Participating today’s to slide results. Claude and everyone, Keith. Davis, are Gavigan, you at yesterday Chairman; presentation and Executive joining first accompanying be Thanks, discuss Anderson, our Investor Jamie Financial Tony the Officer; on the we Chief Chief Relations Stollings, Banking under issued Chief section. First

slides today’s will reference We the accompanying contained call. to presentation during the make in

release facts to Additionally, SEC the be full of for call. will provide forward-looking our forward-looking discussion over please today statements XXXX, and a the turn XXXX Davis. filings is we the will to reflect circumstances company’s of information XX, refer we call Claude accurate updating earnings any March The will now or well risk as factors. not the contained as after disclosure as in statement to I first quarter this

Claude Davis

us Good we thank and Scott. for today’s with you X, Thanks, On call. April successfully joining merger morning our completed on MainSource.

and over the earnings first discuss will pleased provide turn opening and to call are some results. Financial. we’ll excited you Archie Jamie first with call I and We and John for be quarter First for our here Today, the combined to comments, to then

We for and in that history a you on one and positions company’s discussing see combined progress. outlook, update will success. with and us I provide Archie up wrap integration as our and growth well significant this merger will future the we Finally, milestone the bank

footprints, strong operational We complementary expect quality in cultures. benefit strong asset strengths, and from our mix the to

working growth. the the position sales integrate for combined support continued franchise we’ve several quarters, management, to Over teams last diligently been and to

communities service providing clients, afternoon, our priority. results shareholders together, first and for First continue of expectations for we by joining exceeding to expanded commitment our our announced superior And top and remains quarter. the Yesterday also for will Our financial our value provide constituents. all our team Financial

were of our and quarter marked exceptionally profitability. strong consecutive quarter results XXXth first Our

pleased extremely over performance provide provide success. a merger are to with the before our We anticipate to turn With the the Archie results. call level John growth and I’ll top-quartile first continued now further financial will quarter Jamie that, discuss and thoughts and

Archie Brown

and both like Thanks, echo Claude’s merger banks about financial performance Claude. the the excitement also at quarter. during completion I’d strong to of the

already capability industry-leading continue with financing having both like-minded level of extended Providing two can institutions deliver closely focus personal demonstrated associates options bring Although and between returns. continue to over a quarters our institutions, initially we’ve together been working look to to the produce on to banks to community-focused our service. two maximize financial fully product system and clients conversion, greater independently while to transition two last the opportunities and our smooth several offerings, high-quality to performance we for the and formally provides

turn We’re way At shareholders. in communities on and outlook we point, more and strong an integrating well discuss commitment call have now our this in I the then and detail. bank two update I’ll combined exceed clients, merger would I John? integration activities. John provide first and results Claude for on over to Jamie to and would to to quarter companies, our our our – expectations remain to now steadfast the

John Gavigan

common $X.XX which included per $XX.X net good Financial’s or you, everyone. quarter Archie, Thank overview and of million Slide X standalone share. first diluted provides First morning, an of income performance,

solid expansion and loan with by growth strong addition Claude stable to quality. earnings and pleased results, quarter efficiency, first As extremely margin our credit mentioned, are growth, highlighted in we improved

Turning first per management diluted and continued see understanding final average earnings, to to Adjusting adjusted of ratio was with for share an or as are return the quarterly adjusted efficiency highlighting in to XX.X%. provided X.XX% for our business, net FDIC period. we primarily significant performance. average items Further, adjusted solid Slide settlement our the of common adjusted we quarter, million equity of of of agreements, believe to assets related on and reconciliation our the costs earnings income return loss-sharing on a GAAP our $X.XX for tangible $XX.X our reflected to X, expense XX.X% we across merger-related expenses

quarter to shifts million funding depicts Loan funding period. late as higher construction and commitments. in X% Commercial million, loan investor for linked tax interest as equivalent the the declines portfolios. Slides quarter income $XX.X equivalent balances X. margin tax and net result of portfolio by in the of well the on during the the from more costs Commercial basis. construction to higher net linked funding X yields, fewer quarter driven as interest mix X primarily basis was was as X.XX% we and fully annualized rates, of earning or was first well increase X the as The loss-sharing points interest due agreements quarter Turning rising increased two our of from Slide mix and in Finance product a a the asset in and primarily and in Net originations well to Linked growth increased fees in our loan adjustment offset Real interest our growth. rates prior-period benefited as a termination the quarter. factors of strong the our rising than drivers These $XX as our Estate, quarter as during days margin period

pockets rather continued to to across of the growth footprint, many we’ve and seen some financing. current yet cash have seeking While embrace businesses economic debt reserves than utilize environment our fully

to provision loans. X, both balances Classified remained to total quarter first quarter as points flat, as performance annualized of now approximated Slide basis were results. and an basis I’ll credit increased on asset charge-offs, on non-performing percentage stable percentage with MainSource’s XX over allowance, expense a relatively average strong, discuss of which to dollars loans. Finally, a while first in it a turn net Jamie

Jamie Anderson

of equity John, was strong and per pleased first a equity you, common in a a XX return All on interest million and by or XX.X%. efficiency and performance, decrease an the in provides standalone good Thank include tangible with a to diluted basis linked million related quarter quarter income the Net of highlighted margin, $X.XX share. $XX.X equivalent Net merger-related first basis everyone. return first First quarter improved activities. are $XX X.XX% MainSource’s Profitability a X.XX%, the and of performance. stable net of we tax credit a are fourth slide XXXX, to per for adjusted was in of results on compared Financial on quarter interest during days overview was earnings first income excellent slight for included the fewer XX.X% quarter. results, primarily quarter which Slide morning, Similar fully quality. the of assets was XXXX. the quarter X.XX% a metrics very to interest Net on on return XXXX share, margin of

in quarter a Non-interest interchange due overdraft and sheet $XX.X margin net linked decline merger-related million quarter basis $XX.X the and in XXXX. which balances result XXXX the XXXX, excluding activity. declined XX efficiency from negatively of impacted during million first $X.X the of previous first banking of in loan mortgage interest expense, perspective, low the the to $XX million by balance FTE Non-interest of industry-wide the the points. by ratio compared XX.X%. an resulted was million the income million As a declined seasonally totaled lower to $XX debit and tax expenses, first of From quarter, income quarter adjustment reform, in quarter card in

of quarter The first has and XXXX MainSource quarter, the slow-growth been reflects similar a historically pattern. quarter a for first

approximately higher loan ago, commercial into they refinanced off loans the the quarter, number the a quarter larger permanent than and was during were CRE same a paid year While market. of X% production

the resolutions periods. provided excellent prior seasonal addition, and to XXXX. relationships charge-offs that quarter. quarter loan for the in In to the during of increased first substantially remained related paydowns quality the Credit Net decline $X.X problem also quarter to for for contributed were line million

result, significantly heading credit during declined and loans XX March only represented points Similar of of declined balances basis merger. quarter. asset metrics loans non-performing levels as total the million also a our non-performing the historically by First overall $X.X into the low XX. As portfolio, to Classified and Financial were

outlook to the discuss turn and our the to merger Now next it year. for Archie I’ll over

Archie Brown

Jamie. Thanks,

percentage basis divestitures As we year, to target are XX, markets. Slide on the over on excluding of of the to remainder the for positioned seen loan impact company remainder portfolio, the on of outlook continued can mid-single-digit and growth well a be the continue success year. In regard combined the loan the for we

other related deposit do Additionally, not we attrition divestiture branch than significant expect what see to to is market and exits. the a

expect X.XX% interest to X current of excludes be on and to rates, interest includes is be purchase estimate in X.XX%. accounting the the impact of the points. basis We the the to range tax adjustments estimated approximately margin net is which based This impact equivalent of adjustments,

as movement. and production and range deposit loan We’re trends rate mix, margin depending providing and the pressures fluctuate activity market prepayment could a pricing growth upon

slightly balance to projects combined Our be sheet asset sensitive.

by market there’s if competition. could pricing benefits any muted deposit be realized Our in driven catch-up

issues. credit credit Our is no systemic with outlook near-term stable

can range upon as $XX seen tight be market [indiscernible] forward. from both rise Mortgage, the market combination fluctuate credits has but in a and by non-interest continues impact production supply, basis, depending and housing risk and in a combined to will a negatively in recent be results $XX On move wealth per million quarter, However, to of potential expect time. values. to to will it management time headwinds particular, loan income modest due seasonality, conditions, we million we rates

income at settling $XX lost synergies, to see per in. offsets execution non-revenue once which include we to across estimates approximately – strategy, the range expect divestitures. to in are continue of cost-saves fee to base million the sources. We Our phased Through all our our related in $XX quarter grow expense all revenue million

remain the All of to quarter strategic also project expenses. one-time of targets. to continuing fully are Long-term, to while support capital a million, efficiency ratio make we business. Second merger-related $XX anticipated be are to our expected internal on focused exceed to current phased-in XX% We success approximately continued ratios expenses investments excluding XX%. and efficiency

to taxes, maintain we will to the payout rate I tax continue call the to ratio on targeted We now With that, XX.X%. approximately discuss And over effective to of an Claude of dividend our back XX% expect XX%. integration progress. turn

Claude Davis

Archie. Thanks,

to line. time as planning our mentioned pleased closed be I integration able we to scheduled and merger have to As were the stay on earlier,

remain and on the the on for the and necessary Slide detailed at integration with on May. a integration merger system As target see conversion of update to end continue progress activities brand we our XX,

Our to now teams is executive fully Phase assessments, also is integration Directors new which now combined complete, transitioned X management the plan, and underway. is organizational X our Phase the technology, are new of in is while of place. place have and and well all in staffing Board responsibilities,

across and Our teams are the are integration contract reviews, and negotiations action terminations engaged all vendor organization, areas mostly complete. contract of actively

the and also and disclosed middle of We de-conversion May. the Columbus, expect of Indiana in branch Indiana divestiture five Greensburg, locations to conclude by the previously

previously, and XXXX. be realized phased over end are coming the by the cost to of our mentioned Archie vast of quarters the expected As majority fully saves be in

to marks approximately X.XX% estimated to X.XX% and are X.XX% X.XX% for be loan Our for rate. to credit

consolidations intangible deposit year-end. to with conversion, X.XX% to to X%. been consolidated is by XX addition being have our will With While banking core be five divested, the prior network, potential regards branches a in the branch centers projected additional to to for approximately

to look combined execute clients the Financial rest excited the solid continued scale to forward year spending returns reach provide our success here First us comments we the various call, for there and strategy, We years exceptional up combined for But are have individuals call service and the the And to few company – we we’ll As successfully of Keith, now for Bancorp, the deliver about for the the are and open a we to answer the positioning up This shareholders. questions. it to to prepared concludes in a come. multiple room, they’re we’ll questions now. making open questions. the of since in

Operator

O’Neill. [Operator question the begin the with session. comes will And now Sandler from Instructions] Siefers We first Scott question-and-answer

Scott Siefers

Good morning guys.

Claude Davis

Good morning, Scott.

Scott Siefers

for. appreciate to I corporate is just [indiscernible] balance [indiscernible] breakdown of to hope companies. you broadly the the the order [indiscernible]. sense I up of on modestly about get I’m discount can guess question first trying a that controlled the of [indiscernible] on margins magnitude combined for your being

[indiscernible] the rate has are the how How margins? if many, you guys [indiscernible]? So interest then for [indiscernible] hikes any

Jamie Anderson

Jamie. is good a this It’s question. Scott, Yes.

First historically slightly at slightly look liability-sensitive you companies was asset premerger, MainSource was if and asset-sensitive. the two back So Financial

positioned expect put two sheets as potentially rates expansion there. when margin So still to move points, asset-sensitive, the if you to a we two see are higher slightly balance together, modest three so we basis

we modeling quarter been most we’ve historically second companies to the In not I recent it’s in betas, been full March With see expect XX% XX% the as addition, on deposit to deposit benefit we those side. The Obviously, seen quarter effect the range. hikes, it in rate that that wildcard, of what range. more essentially happens betas deposit XX% that. has the hike. Through being rate the get some in of guess,

side hikes, we to that asset might deposit the essentially, So the – side. if get pressure up see have that we some the on we the market might fund we subsidize rate with couple what of on pick what catch-up next

Scott Siefers

Okay.

Jamie Anderson

And Scott. in we hikes our rate Yes. zero assume interest outlook,

Scott Siefers

perfect. then thanks that to number? below get something XXXX? XX% rate? Okay, get a phased-in is to ask forward, XX% just in you down see do you fully Or I right does look XXXX if opportunities ratio, back ultimately wanted And All to to just efficiency. guys. XQ sort the about down pushed of XX% that And XX% you also talk that When to

Jamie Anderson

Yes, Scott. Jamie. This is

get we from of low the there so into to in of So yes, to expect that this we end XXXX. then the And to to that going of range head down XX% expecting end XQ XX% as get year there, XXXX. range, by

Scott Siefers

you guys All much. Thank perfect. very Okay. right,

Operator

And the from KBW. with next McGratty question comes Chris

Chris McGratty

morning everybody. Hey, good

John Gavigan

Good morning Chris.

Chris McGratty

Maybe $X portfolio, right? just billion Any also, the the of your the keeping a investment been investment balance of think, flat. the guys size But sheet given law relatively I changes portfolio? you number question on reinvestment the investment merger. about with opportunities? the to John, the moving thoughts tax book rates, kind repositioning have And is

Jamie Anderson

Yes. Chris, this is Jamie again.

things income couple portfolio. securities major doing, investment impact the forward statement really we restructuring of a the But – going see So we what what to are see that side, move. say, of modest would a repositioning the won’t think you’ll on I I is a of that

the pick sheet move side to is on planning some the side, we are with asset-sensitive going in yield doing make – here. make moving We’re more to on increase out what yield securities forward then but on up we that balance again liability that as the

And So to the marginal as would of to remain $X flat $X.X forward. portfolio a securities the income billion expect I so more combined that impact the statement going size slightly roughly be be but terms of position billion forward. to move would company of asset-sensitive we in portfolio, the

Chris McGratty

What some Great. longer-term putting when borrowings you out in there? And CD suggesting out, locking – putting on, terming borrowings think are or campaigns? your down thoughts are

Jamie Anderson

wholesale the mostly side. on It’s Yes.

So X overnight to range. out in moving X borrowings some that to from year –

Chris McGratty

just then a that. for couple you Thank And Great. maybe questions. Okay. modeling

sure then merger capital got count about levels. timing right pro the I charges. share I’m interested make the forma capital levels, of in and I the talked need You

Jamie Anderson

Yes.

second the of So we’ll and a opening low standpoint, pro from report forma at quarter what in end there the TCE X. the

X.X. expect X And to be regulatory those will the will and But the valuation be down refined we the capital and of be side, between then adjustments. get to out accounting to get XX.X% Some Tier XX%. fall purchase somewhere the to XX%, total on road TCE X to on as – around further

Chris McGratty

to and any that guys for? when have have or you great. higher market to Claude, doing maybe retention I in to could opportunities one others speak departures have the I’m would if in. of opportunistic consolidation Thanks. – any wondering been you sneak kind been if planning lenders? seen Okay, you And you could your weren’t

Claude Davis

turn Chris, the it I’ll about talk Officer. Chief can Tony briefly Yes. about I’ll talk He then that, Stollings, it. to Banking

of as initiated teams. transitions the for as some have we’ve we we the part, individuals see well changed others and may Like been that integration do have. any that may think I the pleased retention with our time, two culture most

about overall and ability feel still So good the team on But do our how to execute. balance, that? about Tony, we

Tony Stollings

Yes.

a lot worked and education, and will. the the last of we’ve work with hard if Just you pre-integration teams in strategy, on retention done months and few

that would everybody we had a got we be certainly, And regrettable manageable. So in. aligned all some and I call turnover that that’s spot to but strategically, good

Chris McGratty

Great. Thank you much. very

Operator

Thank the Kevin Davidson. from you. D.A. with And next question comes Reevey

Kevin Reevey

as XXXX. that. was I not us Claude if any, these assuming as give could morning. numbers far some if how should wondering we or include in Good do color think revenue Archie, I’m about you enhancements,

Archie Brown

little actually probably of bit. the million revenue they approximately and They we include Archie. enhancements offset I’d loss to some got here, probably the do revenue of is in We, already about of are a from reflecting $X this impact that really going Kevin, say, are were divestitures.

just other We’ll already. to we’ve it’s service get some fee areas so look maybe we’ve divestitures. So and benefit offset the are do lines. fee enough But main slot income that opportunities some the charges, from all income, of got some enough revenue across the quite continue of impact to to revenue seen far two for

Kevin Reevey

deposit pretty as how as – strategies, more little is do? And bit that much then is completed? there work should to the we a still far Or realignment

Tony Stollings

very mapping, in this Kevin, shifts need Tony. significant alterations be books to work make. our to yes, deposit is we They’re integration in Well, complementary. or fit don’t see we our The pretty together that And nicely. product

are We aligned. are the products – more

pricing more and the We’re in book. understanding getting go-forward the focused much on competition the

Kevin Reevey

the how of think on income card XXXX about we should interchanging? lastly, Durbin then your And impact

Tony Stollings

Yes.

beginning million. the of that’s guidance. to of in half $X about and third in XXXX, baked the it’s in So the quarter our And back

million $XX reduction. So annualized

XXXX. quarter starting quarter a interchange our income off So with the comes of $X million third

Kevin Reevey

Great. Thank you.

Operator

Race from the Jaffray. Piper question next Nathan with comes you. And Thank

Nathan Race

Good guys. provision I start Hey on line. to morning. want the

the loans course Just over of the kind of quarters acquired magnitude the in curious as you would what renew here. the for of few expect some increase of the provision next

Jamie Anderson

Yes.

in of to renew, internal as we reserves. go at right and spend start points cover going loans the I legacy growth into loss loan loans terms And provisioning roughly we So loans. provision to projecting – MainSource XX XXX now, charge-offs – related the the main forward, obviously then cover loan the are to mean, of the the – basis model of to calculation as those

we So how the perform relative credit will market. how to see those go, they

Nathan Race

Jamie, curious pricing. some on with Got thoughts then, it. or Claude just And updated Okay. loan

I dynamics the competitive deck, little think you alluded on the to a acute slides more now have become recently.

just to saw other we if year. hear competitive of environments any pricing curious So through you’re half based what term seeing back the on or or last

Tony Stollings

is This Yes. Tony.

moment. relatively You know what? things the I’d say calm at are

loan We’re – not pressure others. there. a overall, I bit of little pricing of think maybe falling putting certain there’s it’s because pressure is sectors are bit hanging favor, on out a so in But

We had or haven’t demand seen or of a credit. customer conversations a lot lines about lot of loans of repricing

So we’re in pretty shape there. good

Claude Davis

pressure. this spread the over up sure sign – have seeing we’re even always pricing that or quarter-over-quarter really at Claude, and spread pricing holding is gone add curve look have that our quarter-to-quarter, good is which been make to just a solidly, rates the not pretty we I’d any consistent stayed

Nathan Race

Got it. Appreciate taking questions. guys for the

Operator

question And the you. comes with next RBC Capital. from Jon Arfstrom Thank

Jon Arfstrom

Thanks. Good morning.

Claude Davis

morning, Jon. Good

Jon Arfstrom

but about big pricing All pressures focus any on a on Same retention Obviously, question there’s deposit emerging deposit deposits. talk pretty but right. on pricing.

Tony Stollings

But having this high. than to point, it categories to But We repricing of see this some pretty handle are it’s the we’ve some from Jon, funds pressure, ratios to seasonal been their this But do where been really of companies definitely it’s loan-to-deposit emerging the they’re to public broad-based or point, Yes, for is built. building. mostly changes. like pricing one-off sure. more able in Tony.

Jon Arfstrom

CRE Real Okay, It of comments, bigger first if still your maybe issue. do picture But and some question from maybe else activity C&I And Good. maybe might there’s from anything on Maybe slow higher. touch C&I sounds growth. you Estate suffer the is paydowns. little loan these like, environment bit a on the of both Commercial think a you

Tony Stollings

this Tony again. Yes, is

the saying this, pay but to starting some starting the say cycle we’re we’re our number see pretty here. we’re but the think long, I’d things On we sales are side I C&I, to coming Those – a C&I see efforts clear view really of due some in really off sectors. across of keep on

would quarters few we hope it it in picking So see C&I would hasn’t been the been last have what when up. we

of seen a And think that as complement year. had businesses, we we’ll that our C&I our We’re Commercial first Real be that as in that they’ll haven’t the well Estate quarter, Commercial to outlook continuing finance several recent quarters. throughout to continue able and on that Finance, think the we there good some specialty – with they

Jon Arfstrom

where one the about for market big where there? is more a your and balance potential maybe Okay. a gone retail. is bit with Maybe for some messaging it’s in to commercial bigger a far little of disruption. Any maybe the last you, probably there how there’s surprises Louisville Talk do so And Archie. the sheet? potential one market the there that customers

Archie Brown

our in there. start a probably that team part of clients We to or XXXX, and balance investments there risk bankers able appetite that further the this pretty growth. MainSource middle good Jon, see very some right. to And acquisition, is pretty We’ve going disruption successful overall. through seen the market the We’ve our May in some first but make worked few last or Archie. Right, some capital additional There credit retail in commercial the got been getting that a first fill in in it into Commercial is made a been you’re has capital from We’ve market. model the for appetite want is activity Yes. – some acquisition latter didn’t really is market. market. to core solid Louisville us.

good other I be in we Louisville. primarily merger, relocating with the We disruption, And some new going the adding, certainly, area Indiana side of to opportunity, – result good a again, guess, market lot the capabilities, a market. a market, good we’re there’s economic it’s branch much wealth a We’re of into some opportunity. climate think as around a of a southern have on – nicer one do with a

So it. we feel optimistic about

is a big really really thing the more bankers Just to need we getting do. few

Jon Arfstrom

Thanks Okay. Good the with help luck guys. for everything.

Jamie Anderson

Jon. Thanks,

Operator

the with you. Stapp And Andy Hilliard comes next Thank from Lyons. question

Andy Stapp

morning. Good

how remaining are wondering Just merger. saves from much the cost

Jamie Anderson

Yes. is Andy, this Jamie.

mean, that the cost So on overall, we’ve feel in cost to $XX that progress we there expecting about I when back made million saves. good we we – half I the back updated. the savings would of we tell And the are year you, of announced achieve when it was

rate some it So is there so $XX the – expenses. when new fully over to CECL the $XX billion, with comp at million in time going is but some additional based you better-than-expected branches that to investments related also incentive DFAST. and that $XX million, the look It run costs performance. compliance outlook, then run of also And includes $XX strategic the that And the passed in has phased-in reflects now rate obviously. the million the savings, it on

a big have I coming related of – in cost a few to savings. the still of we here So say, events couple months couple would next

that will have consolidated this first with we closed conversion. the system a XX have Day – strip in consolidations, which over the the brand of conversion And in costs Memorial branch then terms will branches of run closed, system forward part We another weekend, and January, in year out rate. of beginning last conversion, going we that be XX the lot the the of

a those drive events So cost savings. lot those really of two

in already difficult say a way bit first of – with to down say systems events to in positions and and are we the the still savings future. savings there But cost cost seeking in we – numbers XX% is the leave little quarter, are of we’re the as those we winding are whatnot. companies we of coming those open both our some as some So those

Andy Stapp

what you merger-related QX? expect Okay. to And be expenses in do

Jamie Anderson

so QX, – to give you so just merger-related on update complete a costs. listen In the

announced of We’ve a total half of so now cost about $XX far. of we those million. incurred So

majority thing hit update the guess with some and the out the the I Greensburg. where to – gain of and that million on in $XX vast trail the take then reduce half With And will second we the remaining and the third that that we – branches quarter will Indiana those in quarter. branch potentially is majority – one that, will those in divestiture selling Columbus, will into the

Andy Stapp

Okay, Thank all right. you.

Jamie Anderson

Yes.

Operator

have Thank McGratty a you. we [Operator KBW. follow-up from question Chris Instructions] with

Chris McGratty

– follow-up. pro you the have count, you Yes. movement share Do in the I bit. Thanks given may the provide can missed a forma for the stock?

Claude Davis

Oh, yes. that off left asked I you it. when

So XX.X forma million. count share the pro is

Chris McGratty

it, Got perfect. Thank you.

Claude Davis

you, Thank Chris.

Operator

And no over Davis back time, present comments. you. as to like are to any Thank more questions return conference would I for the at Claude there closing the

Claude Davis

a Thanks, Keith. thank in interest report financial And continuing First results the very to your call we good today much. we forward. joining forward and once again, all to you for And as all Financial. look go Thank you

Operator

Thank The today’s concluded. conference you. attending presentation. you for now Thank has

disconnect. now may You

First Financial Bancorp. (FFBC) 20 Apr 182018 Q1 Earnings call transcript