First Financial Bancor Q4 Adj EPS $0.62 Beats $0.61 Estimate, Sales $213.93M Beat $207.32M Estimate
Portfolio Pulse from bharat@benzinga.com
First Financial Bancor (NASDAQ:FFBC) reported Q4 adjusted EPS of $0.62, surpassing the consensus estimate of $0.61 by 1.64%. However, this represents a 15.07% decrease from the $0.73 per share earned in the same quarter last year. Quarterly sales reached $213.93M, exceeding expectations by 3.19% and matching the sales from the same period last year.
January 25, 2024 | 9:18 pm
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First Financial Bancor reported a mixed Q4 with an EPS beat but a year-over-year decline. Sales were in line with last year's figures and slightly above estimates.
While FFBC beat EPS and sales estimates, the year-over-year decline in earnings may temper investor enthusiasm. The sales figure, being consistent with the previous year, suggests stability but not growth. The EPS beat could provide some positive sentiment, but the decrease in earnings compared to last year might limit any potential stock price increase.
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