In a quarter when bad news has been the norm for banks, First Financial Bancorp produced gains for its fourth quarter and year.
The Hamilton-based bank posted net income of $10.7 million, or 29 cents per share, compared to $800,000, or 2 cents per share, in the year-ago quarter. Net interest income dropped slightly, to $29.1 million from $30.1 million.
For the 12-month period, First Financial reported net income of $35.7 million, or 93 cents per share, versus $21.3 million, or 54 cents per share in 2006. Net interest income fell to $118.5 million from $125.1 million.
First Financial (NASDAQ: FFBC) operates in Ohio, Kentucky and Indiana.
credited by: bizjournals.com
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