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First reports 2Q26 results, announces Finward acquisition boosting Chicago deposits to $4.1B

First reported strong 2Q26 adjusted earnings and announced a Finward acquisition to expand Chicago/NW Indiana footprint.Key Highlights:Original SEC Filing: FIRST FINANCIAL BANCORP /OH/ [ FFBC ] - 8-K - Jul. 27, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying impor…

First reported strong 2Q26 adjusted earnings and announced a Finward acquisition to expand Chicago/NW Indiana footprint.

Key Highlights:

2Q26 adjusted EPS $0.80 and adjusted ROATCE 19.7%, driven by robust net interest margin and loan growth.
Announced acquisition of Finward (2.0B assets) for $208M in stock, fixed 1.35x exchange ratio; expected close by year-end.
Deal expected 5.0% EPS accretion, ~0.6 year TBV earnback, +100bps ROTCE and 90bps efficiency improvement (fully phased).
Pro forma Chicago deposits rise 75% to $4.1B; transaction adds $412M AUM and expands retail footprint in Chicago MSA.
Balance sheet & capital: $22.4B assets, CET1 12.33%, ACL 1.38% of loans; board raised quarterly dividend $0.01 to $0.26.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.