ffbc-20250424

Exhibit 99.1

First Financial Bancorp Announces First Quarter 2025 Financial Results

•Earnings per diluted share of $0.54; $0.63 on an adjusted(1) basis

•Return on average assets of 1.13%; 1.33% on an adjusted(1) basis

•Net interest margin on FTE basis(1) of 3.88%

•Noninterest income of $51.1 million; $61.0 million on an adjusted(1) basis

•Noninterest expenses $128.1 million; $126.6 million on an adjusted(1) basis; 3% decline

•Gallup Exceptional Workplace Award winner for outstanding associate engagement

•Second consecutive "Outstanding" CRA rating

Cincinnati, Ohio - April 24, 2025. First Financial Bancorp. (Nasdaq: FFBC) (“First Financial” or the “Company”) announced financial results for the three months ended March 31, 2025.

For the three months ended March 31, 2025, the Company reported net income of $51.3 million, or $0.54 per diluted common share. These results compare to net income of $64.9 million, or $0.68 per diluted common share, for the fourth quarter of 2024.

Return on average assets for the first quarter of 2025 was 1.13% while return on average tangible common equity was 15.16%(1). These compare to return on average assets of 1.41% and return on average tangible common equity of 19.08%(1) in the fourth quarter of 2024.

First quarter 2025 highlights include:

•Robust net interest margin of 3.84%, or 3.88% on a fully tax-equivalent basis(1)

◦6 bp decline from fourth quarter, in line with expectations

◦12 bp decline in cost of deposits and 18 bp decline in asset yields

•Noninterest income of $51.1 million, or $61.0 million as adjusted(1)

◦Adjustments include $9.9 million loss on sales of investment securities

▪Sold $164.9 million of securities during the quarter; expected earnback of 2.3 years

◦Record wealth management income

◦Strong results from leasing business

•Noninterest expenses of $128.1 million, or $126.6 million as adjusted(1); 3.3% decrease from linked quarter

◦First quarter adjustments(1) include $0.5 million of efficiency related costs and $1.0 million of other costs not expected to recur such as tax credit investment write-downs and severance costs

◦Decline from linked quarter driven by decreased incentive compensation and lower fraud losses

◦Efficiency ratio of 63.9%; 60.2% as adjusted(1)

•Stable loan balances during the quarter

◦Loan balances decreased $37.6 million compared to the linked quarter

◦Payoffs in Commercial and ICRE lines of business, as well as seasonal production declines, offset modest increases in other portfolios

◦Average loan balances increased 1.5% on an annualized basis compared to linked quarter

•Modest seasonal average deposit decline in the first quarter, as expected

◦Average deposits decreased $99.0 million, or 2.8% on an annualized basis

◦Decline driven by non-interest bearing deposits, brokered deposits and public funds

◦Excluding brokered deposits, total average deposits increased $62.8 million over linked quarter

____________________________________________________________________________________________

(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled “Use of Non-GAAP Financial Measures” in this release and “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

•Total Allowance for Credit Losses of $171.9 million; Total quarterly provision expense of $8.7 million

◦Loans and leases - ACL of $155.5 million; ratio to total loans of 1.33%; flat compared to prior quarter

◦Unfunded Commitments - ACL of $16.4 million

◦Provision expense driven by net charge offs

◦Nonperforming assets decreased 4 bps to 0.32% of total assets

◦Annualized net charge-offs were 36 bps of total loans; 4 bp decline from linked quarter

•Capital ratios stable and strong

◦Total capital ratio increased 26 bps to 14.90%

◦Tier 1 common equity increased 13 bps to 12.29%

◦Tangible common equity of 8.16%(1); 9.62%(1) excluding impact from AOCI

◦Tangible book value per share of $14.80(1); 4.6% increase from linked quarter

Archie Brown, President and CEO, commented on the first quarter results, “We had another solid quarter, and I am pleased with our performance. Adjusted(1) earnings per share were $0.63, with an adjusted(1) return on assets of 1.33% and an adjusted(1) return on tangible common equity of 17.8%. Our net interest margin remains strong, but declined slightly for the quarter as the decline in loan yields outpaced the decrease in deposit costs. Given current short-term interest rates, we expect the margin to expand in the near-term.”

Mr. Brown continued, “Loan balances were stable during the quarter. First quarter loan production was seasonally lower. This combined with the workout of several C&I credits and accelerated payoff pressure in the ICRE portfolio to impact loan growth for the period. We expect a modest level of growth in the second quarter as loan pipelines in our Consumer, C&I, and ICRE business lines are very healthy, however elevated prepayments in ICRE are expected to continue.”

Mr. Brown commented on fee income and expenses, “Adjusted(1) fee income was in line with our expectations at $61 million, representing a decline from the linked quarter due to seasonal fluctuations and less foreign exchange income, which offset another record quarter from our Wealth Management business. We expect seasonal rebounds in the second quarter and a healthy increase in fee income overall. We were very pleased with our expense management during the quarter, as adjusted(1) noninterest expenses declined by 3.3% due to a decrease in incentive compensation and lower fraud losses. Our efficiency efforts are ongoing, and, excluding the acquisition of Agile in the first quarter of last year, have resulted in a 7% reduction in FTE. We remain diligent in managing our expenses and expect additional benefits from our optimization efforts in the coming periods.”

Mr. Brown commented on asset quality and capital, “We were pleased with improvements in our asset quality metrics for the first quarter. Net charge-offs declined 4 bps from the linked quarter, while nonperforming assets declined by 9.5%. In the near-term, we expect asset quality to continue to improve. With respect to tariffs, we do not yet know their impact, and remain in close contact with our clients to assist them through any uncertainty. Capital ratios are strong and continued to grow in the first quarter. All regulatory ratios were well in excess of regulatory minimums and our tangible common equity ratio increased to 8.2%. Tangible book value per share increased to $14.80, representing a 5% increase from the linked quarter and 18% over the last year. We are focused on growing our tangible book value and are pleased that in the last three years, tangible book value per share has increased by 35%."

Mr. Brown concluded, “I also want to mention how proud I am of two other first quarter events. First Financial has been selected for the Gallup Exceptional Workplace Award for associate engagement. This distinction is earned by less than 3% of the thousands of companies that Gallup partners with worldwide. Engagement is a core part of our strategy and I want to acknowledge and thank our associates who work tirelessly to drive associate engagement, which directly leads to highly satisfied clients and increased shareholder value. Additionally, we have received another "Outstanding" Community Reinvestment Act rating from the Federal Reserve. This rating reflects our commitment to our communities, which is the foundation of our strategic plan. I am proud of our strength in service, investments, and lending, particularly to low and moderate income areas of our footprint.

In closing, while there is much uncertainty regarding the outlook for the economy, I believe we are well positioned to manage through any turbulence. We have very robust capital levels, strong and improving asset quality, diverse revenue streams, well-managed expenses, strong liquidity and industry leading profitability. I am very pleased with our start to the year and look forward to growing and serving clients in this challenging environment.”

Full detail of the Company’s first quarter 2025 performance is provided in the accompanying financial statements and slide presentation.

Teleconference / Webcast Information

First Financial’s executive management will host a conference call to discuss the Company’s financial and operating results on Friday, April 25, 2025 at 8:30 a.m. Eastern Time. Members of the public who would like to listen to the conference call should dial (888) 550-5723 (U.S. toll free) or (646) 960-0471 (U.S. local), access code 5048068. The number should be dialed five to ten minutes prior to the start of the conference call. A replay of the conference call will be available beginning one hour after the completion of the live call at (800) 770-2030 (U.S. toll free), (609) 800-9099 (U.S. toll), access code 5048068. The recording will be available until May 9, 2025. The conference call will also be accessible as an audio webcast via the Investor Relations section of the Company’s website at www.bankatfirst.com. The webcast will be archived on the Investor Relations section of the Company’s website for 12 months.

Press Release and Additional Information on Website

This press release as well as supplemental information are available to the public through the Investor Relations section of First Financial's website at www.bankatfirst.com.

Use of Non-GAAP Financial Measures

This earnings release contains GAAP financial measures and Non-GAAP financial measures where management believes it to be helpful in understanding the Company’s results of operations or financial position. Where Non-GAAP financial measures are used, the comparable GAAP financial measures, as well as a reconciliation to the comparable GAAP financial measure, can be found in the section titled “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.

Forward-Looking Statements

Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements.

As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation:

•economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business;

•future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses

•the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry;

•Management’s ability to effectively execute its business plans;

•mergers and acquisitions, including costs or difficulties related to the integration of acquired companies;

•the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period;

•the effect of changes in accounting policies and practices;

•changes in consumer spending, borrowing and saving and changes in unemployment;

•changes in customers’ performance and creditworthiness;

•the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

•current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, trade and tariff policies, and any slowdown in global economic growth;

•the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products;

•our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

•financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services;

•the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale;

•the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses;

•a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks;

•the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and

•our ability to develop and execute effective business plans and strategies.

Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2024, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov.

All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.

About First Financial Bancorp.

First Financial Bancorp. is a Cincinnati, Ohio based bank holding company. As of March 31, 2025, the Company had $18.5 billion in assets, $11.7 billion in loans, $14.2 billion in deposits and $2.5 billion in shareholders’ equity. The Company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six lines of business: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to business and retail clients. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and retirement plan services and had approximately $3.7 billion in assets under management as of March 31, 2025. The Company operated 127 full service banking centers as of March 31, 2025, located in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance business lends into targeted industry verticals on a nationwide basis. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.

Contact Information

Investors/Analysts Media

Jamie Anderson Tim Condron

Chief Financial Officer Director of Corporate Communications

(513) 887-5400 (513) 979-5796

[email protected] [email protected]

Selected Financial Information

March 31, 2025

(unaudited)


Contents			Page
Consolidated Financial Highlights			2

Consolidated Quarterly Statements of Income			3
Consolidated Statements of Condition			4
Average Consolidated Statements of Condition			5
Net Interest Margin Rate / Volume Analysis			6-7
Credit Quality			8
Capital Adequacy			9


FIRST FINANCIAL BANCORP.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
(Unaudited)

	Three Months Ended,
	Mar. 31,			Dec. 31,			Sep. 30,			June 30,			Mar. 31,
	2025			2024			2024			2024			2024
RESULTS OF OPERATIONS
Net income	$	51,293		$	64,885		$	52,451		$	60,805		$	50,689
Net earnings per share - basic	$	0.54		$	0.69		$	0.56		$	0.64		$	0.54
Net earnings per share - diluted	$	0.54		$	0.68		$	0.55		$	0.64		$	0.53
Dividends declared per share	$	0.24		$	0.24		$	0.24		$	0.23		$	0.23

KEY FINANCIAL RATIOS
Return on average assets	1.13		%	1.41		%	1.17		%	1.38		%	1.18		%
Return on average shareholders' equity	8.46		%	10.57		%	8.80		%	10.72		%	9.00		%
Return on average tangible shareholders' equity (1)	15.16		%	19.08		%	16.29		%	20.57		%	17.35		%

Net interest margin	3.84		%	3.91		%	4.05		%	4.06		%	4.05		%
Net interest margin (fully tax equivalent) (1)(2)	3.88		%	3.94		%	4.08		%	4.10		%	4.10		%

Ending shareholders' equity as a percent of ending assets	13.55		%	13.13		%	13.50		%	12.81		%	12.99		%
Ending tangible shareholders' equity as a percent of:
Ending tangible assets (1)	8.16		%	7.73		%	7.98		%	7.23		%	7.23		%
Risk-weighted assets (1)	10.10		%	9.61		%	9.86		%	8.95		%	8.80		%

Average shareholders' equity as a percent of average assets	13.38		%	13.36		%	13.28		%	12.87		%	13.09		%
Average tangible shareholders' equity as a percent of average tangible assets (1)	7.94		%	7.87		%	7.64		%	7.15		%	7.25		%

Book value per share	$	26.13		$	25.53		$	25.66		$	24.36		$	23.95
Tangible book value per share (1)	$	14.80		$	14.15		$	14.26		$	12.94		$	12.50

Common equity tier 1 ratio (3)	12.29		%	12.16		%	12.04		%	11.78		%	11.67		%
Tier 1 ratio (3)	12.61		%	12.48		%	12.37		%	12.11		%	12.00		%
Total capital ratio (3)	14.90		%	14.64		%	14.58		%	14.47		%	14.31		%
Leverage ratio (3)	10.01		%	9.98		%	9.93		%	9.73		%	9.75		%

AVERAGE BALANCE SHEET ITEMS
Loans (4)	$	11,724,727		$	11,687,886		$	11,534,000		$	11,440,930		$	11,066,184

Investment securities	3,411,593			3,372,539			3,274,498			3,131,541			3,137,665
Interest-bearing deposits with other banks	615,812			654,251			483,880			599,348			553,654
Total earning assets	$	15,752,132		$	15,714,676		$	15,292,378		$	15,171,819		$	14,757,503
Total assets	$	18,368,604		$	18,273,419		$	17,854,191		$	17,728,251		$	17,306,221
Noninterest-bearing deposits	$	3,091,037		$	3,162,643		$	3,106,239		$	3,144,198		$	3,169,750
Interest-bearing deposits	11,149,633			11,177,010			10,690,265			10,486,068			10,109,416
Total deposits	$	14,240,670		$	14,339,653		$	13,796,504		$	13,630,266		$	13,279,166
Borrowings	$	1,001,337		$	855,083		$	1,053,737		$	1,171,246		$	1,139,014
Shareholders' equity	$	2,457,785		$	2,441,045		$	2,371,125		$	2,281,040		$	2,265,562

CREDIT QUALITY RATIOS
Allowance to ending loans	1.33		%	1.33		%	1.37		%	1.36		%	1.29		%
Allowance to nonaccrual loans	261.07		%	237.66		%	242.72		%	249.21		%	243.55		%


Nonaccrual loans to total loans	0.51		%	0.56		%	0.57		%	0.54		%	0.53		%
Nonperforming assets to ending loans, plus OREO	0.51		%	0.56		%	0.57		%	0.54		%	0.53		%
Nonperforming assets to total assets	0.32		%	0.36		%	0.36		%	0.35		%	0.34		%
Classified assets to total assets	1.16		%	1.21		%	1.14		%	1.07		%	0.92		%
Net charge-offs to average loans (annualized)	0.36		%	0.40		%	0.25		%	0.15		%	0.38		%

(2) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.

(3) March 31, 2025 regulatory capital ratios are preliminary.

(4) Includes loans held for sale.


FIRST FINANCIAL BANCORP.
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
(Unaudited)

	2025			2024
	First			Fourth			Third			Second			First			Full
	Quarter			Quarter			Quarter			Quarter			Quarter			Year
Interest income
Loans and leases, including fees	$	197,163		$	207,508		$	215,433		$	211,760		$	201,840		$	836,541
Investment securities
Taxable	34,401			33,978			32,367			30,295			28,296			124,936
Tax-exempt	2,204			2,423			2,616			2,704			3,092			10,835
Total investment securities interest	36,605			36,401			34,983			32,999			31,388			135,771
Other earning assets	6,651			7,662			6,703			7,960			7,458			29,783
Total interest income	240,419			251,571			257,119			252,719			240,686			1,002,095

Interest expense
Deposits	78,641			85,441			86,554			83,022			76,075			331,092
Short-term borrowings	7,545			6,586			9,932			11,395			10,943			38,856
Long-term borrowings	4,937			5,145			5,073			4,991			4,928			20,137
Total interest expense	91,123			97,172			101,559			99,408			91,946			390,085
Net interest income	149,296			154,399			155,560			153,311			148,740			612,010
Provision for credit losses-loans and leases	9,141			9,705			9,930			16,157			13,419			49,211
Provision for credit losses-unfunded commitments	(441)			(273)			694			286			(2,259)			(1,552)
Net interest income after provision for credit losses	140,596			144,967			144,936			136,868			137,580			564,351

Noninterest income
Service charges on deposit accounts	7,463			7,632			7,547			7,188			6,912			29,279
Wealth management fees	8,137			7,962			6,910			7,172			6,676			28,720
Bankcard income	3,310			3,659			3,698			3,900			3,142			14,399
Client derivative fees	1,571			1,528			1,160			763			1,250			4,701
Foreign exchange income	12,544			16,794			12,048			16,787			10,435			56,064
Leasing business income	18,703			19,413			16,811			16,828			14,589			67,641
Net gains from sales of loans	4,322			4,634			5,021			4,479			3,784			17,918
Net gain (loss) on investment securities	(9,949)			144			(17,468)			(64)			(5,187)			(22,575)

Other	4,982			8,088			9,974			4,448			4,911			27,421
Total noninterest income	51,083			69,854			45,701			61,501			46,512			223,568

Noninterest expenses
Salaries and employee benefits	75,238			80,314			74,813			75,225			74,037			304,389
Net occupancy	6,019			5,415			5,919			5,793			5,923			23,050
Furniture and equipment	3,813			3,476			3,617			3,646			3,688			14,427
Data processing	8,759			9,139			8,857			8,877			8,305			35,178
Marketing	2,018			2,204			2,255			2,605			1,962			9,026
Communication	812			767			851			816			795			3,229
Professional services	2,739			6,631			2,303			2,885			2,268			14,087
Amortization of tax credit investments	112			14,303			31			31			31			14,396
State intangible tax	877			(104)			876			875			877			2,524
FDIC assessments	3,059			2,736			3,036			2,657			2,780			11,209
Intangible amortization	2,359			2,395			2,395			2,396			2,301			9,487
Leasing business expense	12,802			12,536			11,899			10,128			9,754			44,317
Other	9,469			8,095			8,907			7,640			9,634			34,276
Total noninterest expenses	128,076			147,907			125,759			123,574			122,355			519,595
Income before income taxes	63,603			66,914			64,878			74,795			61,737			268,324
Income tax expense (benefit)	12,310			2,029			12,427			13,990			11,048			39,494
Net income	$	51,293		$	64,885		$	52,451		$	60,805		$	50,689		$	228,830

ADDITIONAL DATA
Net earnings per share - basic	$	0.54		$	0.69		$	0.56		$	0.64		$	0.54		$	2.42
Net earnings per share - diluted	$	0.54		$	0.68		$	0.55		$	0.64		$	0.53		$	2.40
Dividends declared per share	$	0.24		$	0.24		$	0.24		$	0.23		$	0.23		$	0.94

Return on average assets	1.13		%	1.41		%	1.17		%	1.38		%	1.18		%	1.29		%
Return on average shareholders' equity	8.46		%	10.57		%	8.80		%	10.72		%	9.00		%	9.78		%

Interest income	$	240,419		$	251,571		$	257,119		$	252,719		$	240,686		$	1,002,095
Tax equivalent adjustment	1,213			1,274			1,362			1,418			1,535			5,589
Interest income - tax equivalent	241,632			252,845			258,481			254,137			242,221			1,007,684
Interest expense	91,123			97,172			101,559			99,408			91,946			390,085
Net interest income - tax equivalent	$	150,509		$	155,673		$	156,922		$	154,729		$	150,275		$	617,599

Net interest margin	3.84		%	3.91		%	4.05		%	4.06		%	4.05		%	4.02		%
Net interest margin (fully tax equivalent) (1)	3.88		%	3.94		%	4.08		%	4.10		%	4.10		%	4.05		%

Full-time equivalent employees	2,021			2,064			2,084			2,144			2,116

(1) The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.


FIRST FINANCIAL BANCORP.
CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	Mar. 31,		Dec. 31,		Sep. 30,		June 30,		Mar. 31,		% Change		% Change
	2025		2024		2024		2024		2024		Linked Qtr.		Comp Qtr.
ASSETS
Cash and due from banks	$	190,610	$	174,258	$	190,618	$	193,794	$	199,407	9.4	%	(4.4)	%
Interest-bearing deposits with other banks	633,349		730,228		660,576		738,555		751,290		(13.3)	%	(15.7)	%
Investment securities available-for-sale	3,260,981		3,183,776		3,157,265		3,036,758		2,850,667		2.4	%	14.4	%
Investment securities held-to-maturity	76,469		76,960		77,985		78,921		79,542		(0.6)	%	(3.9)	%
Other investments	120,826		114,598		120,318		132,412		125,548		5.4	%	(3.8)	%
Loans held for sale	17,927		13,181		12,685		16,911		11,534		36.0	%	55.4	%
Loans and leases
Commercial and industrial	3,832,350		3,815,858		3,678,546		3,782,487		3,591,428		0.4	%	6.7	%
Lease financing	573,608		598,045		587,415		534,557		492,862		(4.1)	%	16.4	%
Construction real estate	824,775		779,446		802,264		741,406		641,596		5.8	%	28.6	%
Commercial real estate	3,956,880		4,061,744		4,034,820		4,076,596		4,145,969		(2.6)	%	(4.6)	%
Residential real estate	1,479,704		1,462,284		1,422,186		1,377,290		1,344,677		1.2	%	10.0	%
Home equity	872,502		849,039		825,431		800,860		773,811		2.8	%	12.8	%
Installment	119,672		133,051		141,270		148,530		153,838		(10.1)	%	(22.2)	%
Credit card	64,639		62,311		61,140		59,477		60,939		3.7	%	6.1	%
Total loans	11,724,130		11,761,778		11,553,072		11,521,203		11,205,120		(0.3)	%	4.6	%
Less:
Allowance for credit losses	(155,482)		(156,791)		(158,831)		(156,185)		(144,274)		(0.8)	%	7.8	%
Net loans	11,568,648		11,604,987		11,394,241		11,365,018		11,060,846		(0.3)	%	4.6	%
Premises and equipment	197,968		197,965		196,692		197,873		198,428		0.0	%	(0.2)	%
Operating leases	213,648		209,119		201,080		167,472		161,473		2.2	%	32.3	%
Goodwill	1,007,656		1,007,656		1,007,656		1,007,656		1,007,656		0.0	%	0.0	%
Other intangibles	77,002		79,291		81,547		83,528		85,603		(2.9)	%	(10.0)	%

Accrued interest and other assets	1,089,983		1,178,242		1,045,669		1,147,282		1,067,244		(7.5)	%	2.1	%
Total Assets	$	18,455,067	$	18,570,261	$	18,146,332	$	18,166,180	$	17,599,238	(0.6)	%	4.9	%

LIABILITIES
Deposits
Interest-bearing demand	$	3,004,601	$	3,095,724	$	2,884,971	$	2,922,540	$	2,916,518	(2.9)	%	3.0	%
Savings	4,886,613		4,948,768		4,710,223		4,628,320		4,467,894		(1.3)	%	9.4	%
Time	3,144,440		3,152,265		3,244,861		3,049,635		2,896,860		(0.2)	%	8.5	%
Total interest-bearing deposits	11,035,654		11,196,757		10,840,055		10,600,495		10,281,272		(1.4)	%	7.3	%
Noninterest-bearing	3,161,302		3,132,381		3,107,699		3,061,427		3,175,876		0.9	%	(0.5)	%
Total deposits	14,196,956		14,329,138		13,947,754		13,661,922		13,457,148		(0.9)	%	5.5	%


FHLB short-term borrowings	735,000		625,000		765,000		1,040,000		700,000		17.6	%	5.0	%
Other	64,792		130,452		46,653		139,172		162,145		(50.3)	%	(60.0)	%
Total short-term borrowings	799,792		755,452		811,653		1,179,172		862,145		5.9	%	(7.2)	%
Long-term debt	345,878		347,509		344,086		338,556		343,236		(0.5)	%	0.8	%
Total borrowed funds	1,145,670		1,102,961		1,155,739		1,517,728		1,205,381		3.9	%	(5.0)	%
Accrued interest and other liabilities	611,206		700,121		592,401		660,091		649,706		(12.7)	%	(5.9)	%
Total Liabilities	15,953,832		16,132,220		15,695,894		15,839,741		15,312,235		(1.1)	%	4.2	%

SHAREHOLDERS' EQUITY
Common stock	1,637,041		1,642,055		1,639,045		1,635,705		1,632,971		(0.3)	%	0.2	%
Retained earnings	1,304,636		1,276,329		1,234,375		1,204,844		1,166,065		2.2	%	11.9	%
Accumulated other comprehensive income (loss)	(253,888)		(289,799)		(232,262)		(323,409)		(321,109)		(12.4)	%	(20.9)	%
Treasury stock, at cost	(186,554)		(190,544)		(190,720)		(190,701)		(190,924)		(2.1)	%	(2.3)	%
Total Shareholders' Equity	2,501,235		2,438,041		2,450,438		2,326,439		2,287,003		2.6	%	9.4	%
Total Liabilities and Shareholders' Equity	$	18,455,067	$	18,570,261	$	18,146,332	$	18,166,180	$	17,599,238	(0.6)	%	4.9	%


FIRST FINANCIAL BANCORP.
AVERAGE CONSOLIDATED STATEMENTS OF CONDITION
(Dollars in thousands)
(Unaudited)

	Quarterly Averages
	Mar. 31,		Dec. 31,		Sep. 30,		June 30,		Mar. 31,
	2025		2024		2024		2024		2024
ASSETS
Cash and due from banks	$	164,734	$	182,242	$	179,321	$	174,435	$	204,119

Interest-bearing deposits with other banks	615,812		654,251		483,880		599,348		553,654
Investment securities	3,411,593		3,372,539		3,274,498		3,131,541		3,137,665
Loans held for sale	10,212		17,284		16,399		14,075		12,069
Loans and leases
Commercial and industrial	3,787,207		3,727,549		3,723,761		3,716,083		3,543,475
Lease financing	585,119		587,110		550,634		509,758		480,540
Construction real estate	797,100		826,936		763,779		683,780		603,974
Commercial real estate	4,018,211		4,045,347		4,059,939		4,146,764		4,101,238
Residential real estate	1,475,703		1,442,799		1,399,932		1,361,133		1,336,749
Home equity	858,153		837,863		811,265		790,384		765,410
Installment	127,192		136,927		143,102		151,753		157,663
Credit card	65,830		66,071		65,189		67,200		65,066
Total loans	11,714,515		11,670,602		11,517,601		11,426,855		11,054,115
Less:
Allowance for credit losses	(158,206)		(161,477)		(159,252)		(147,666)		(143,950)
Net loans	11,556,309		11,509,125		11,358,349		11,279,189		10,910,165
Premises and equipment	198,998		197,664		197,881		199,096		198,482
Operating leases	205,181		202,110		180,118		156,457		154,655
Goodwill	1,007,656		1,007,658		1,007,654		1,007,657		1,006,477
Other intangibles	78,220		80,486		82,619		84,577		84,109

Accrued interest and other assets	1,119,889		1,050,060		1,073,472		1,081,876		1,044,826
Total Assets	$	18,368,604	$	18,273,419	$	17,854,191	$	17,728,251	$	17,306,221

LIABILITIES
Deposits
Interest-bearing demand	$	3,090,526	$	3,081,148	$	2,914,934	$	2,888,252	$	2,895,768
Savings	4,918,004		4,886,784		4,694,923		4,617,658		4,399,768
Time	3,141,103		3,209,078		3,080,408		2,980,158		2,813,880
Total interest-bearing deposits	11,149,633		11,177,010		10,690,265		10,486,068		10,109,416
Noninterest-bearing	3,091,037		3,162,643		3,106,239		3,144,198		3,169,750
Total deposits	14,240,670		14,339,653		13,796,504		13,630,266		13,279,166
Federal funds purchased and securities sold
under agreements to repurchase	2,055		2,282		10,807		750		4,204
FHLB short-term borrowings	553,667		415,652		626,490		669,111		646,187
Other	99,378		93,298		76,859		161,913		146,127
Total short-term borrowings	655,100		511,232		714,156		831,774		796,518
Long-term debt	346,237		343,851		339,581		339,472		342,496
Total borrowed funds	1,001,337		855,083		1,053,737		1,171,246		1,139,014
Accrued interest and other liabilities	668,812		637,638		632,825		645,699		622,479
Total Liabilities	15,910,819		15,832,374		15,483,066		15,447,211		15,040,659

SHAREHOLDERS' EQUITY
Common stock	1,641,016		1,640,280		1,637,045		1,634,183		1,637,835
Retained earnings	1,282,300		1,249,263		1,210,924		1,179,827		1,144,447
Accumulated other comprehensive loss	(275,068)		(257,792)		(285,978)		(341,941)		(319,601)
Treasury stock, at cost	(190,463)		(190,706)		(190,866)		(191,029)		(197,119)
Total Shareholders' Equity	2,457,785		2,441,045		2,371,125		2,281,040		2,265,562
Total Liabilities and Shareholders' Equity	$	18,368,604	$	18,273,419	$	17,854,191	$	17,728,251	$	17,306,221


FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS
(Dollars in thousands)
(Unaudited)

	Quarterly Averages
	March 31, 2025						December 31, 2024						March 31, 2024
	Balance		Interest		Yield		Balance		Interest		Yield		Balance		Interest		Yield
Earning assets
Investments:
Investment securities	$	3,411,593	$	36,605	4.35	%	$	3,372,539	$	36,401	4.28	%	$	3,137,665	$	31,388	4.01	%
Interest-bearing deposits with other banks	615,812		6,651		4.38	%	654,251		7,662		4.65	%	553,654		7,458		5.40	%
Gross loans (1)	11,724,727		197,163		6.82	%	11,687,886		207,508		7.04	%	11,066,184		201,840		7.32	%
Total earning assets	15,752,132		240,419		6.19	%	15,714,676		251,571		6.35	%	14,757,503		240,686		6.54	%

Nonearning assets
Allowance for credit losses	(158,206)						(161,477)						(143,950)
Cash and due from banks	164,734						182,242						204,119
Accrued interest and other assets	2,609,944						2,537,978						2,488,549
Total assets	$	18,368,604					$	18,273,419					$	17,306,221

Interest-bearing liabilities
Deposits:
Interest-bearing demand	$	3,090,526	$	15,188	1.99	%	$	3,081,148	$	15,092	1.94	%	$	2,895,768	$	14,892	2.06	%
Savings	4,918,004		30,355		2.50	%	4,886,784		33,924		2.75	%	4,399,768		29,486		2.69	%
Time	3,141,103		33,098		4.27	%	3,209,078		36,425		4.50	%	2,813,880		31,697		4.52	%
Total interest-bearing deposits	11,149,633		78,641		2.86	%	11,177,010		85,441		3.03	%	10,109,416		76,075		3.02	%
Borrowed funds
Short-term borrowings	655,100		7,545		4.67	%	511,232		6,586		5.11	%	796,518		10,943		5.51	%
Long-term debt	346,237		4,937		5.78	%	343,851		5,145		5.94	%	342,496		4,928		5.77	%
Total borrowed funds	1,001,337		12,482		5.06	%	855,083		11,731		5.44	%	1,139,014		15,871		5.59	%
Total interest-bearing liabilities	12,150,970		91,123		3.04	%	12,032,093		97,172		3.20	%	11,248,430		91,946		3.28	%

Noninterest-bearing liabilities
Noninterest-bearing demand deposits	3,091,037						3,162,643						3,169,750
Other liabilities	668,812						637,638						622,479
Shareholders' equity	2,457,785						2,441,045						2,265,562
Total liabilities & shareholders' equity	$	18,368,604					$	18,273,419					$	17,306,221

Net interest income	$	149,296					$	154,399					$	148,740
Net interest spread					3.15	%					3.15	%					3.26	%
Net interest margin					3.84	%					3.91	%					4.05	%

Tax equivalent adjustment					0.04	%					0.03	%					0.05	%
Net interest margin (fully tax equivalent)					3.88	%					3.94	%					4.10	%


(1) Loans held for sale and nonaccrual loans are included in gross loans.


FIRST FINANCIAL BANCORP.
NET INTEREST MARGIN RATE/VOLUME ANALYSIS (1)
(Dollars in thousands)
(Unaudited)


	Linked Qtr. Income Variance						Comparable Qtr. Income Variance
	Rate		Volume		Total			Rate		Volume		Total
Earning assets
Investment securities	$	589	$	(385)	$	204		$	2,652	$	2,565	$	5,217
Interest-bearing deposits with other banks	(439)		(572)		(1,011)			(1,412)		605		(807)
Gross loans (2)	(6,597)		(3,748)		(10,345)			(13,683)		9,006		(4,677)
Total earning assets	(6,447)		(4,705)		(11,152)			(12,443)		12,176		(267)

Interest-bearing liabilities
Total interest-bearing deposits	$	(4,855)	$	(1,945)	$	(6,800)		$	(3,979)	$	6,545	$	2,566
Borrowed funds
Short-term borrowings	(567)		1,526		959			(1,667)		(1,731)		(3,398)
Long-term debt	(133)		(75)		(208)			10		(1)		9
Total borrowed funds	(700)		1,451		751			(1,657)		(1,732)		(3,389)
Total interest-bearing liabilities	(5,555)		(494)		(6,049)			(5,636)		4,813		(823)
Net interest income (1)	$	(892)	$	(4,211)	$	(5,103)		$	(6,807)	$	7,363	$	556


(1) Not tax equivalent.
(2) Loans held for sale and nonaccrual loans are included in gross loans.


FIRST FINANCIAL BANCORP.
CREDIT QUALITY
(Dollars in thousands)
(Unaudited)

	Mar. 31,			Dec. 31,			Sep. 30,			June 30,			Mar. 31,
	2025			2024			2024			2024			2024
ALLOWANCE FOR CREDIT LOSS ACTIVITY
Balance at beginning of period	$	156,791		$	158,831		$	156,185		$	144,274		$	141,433

Provision for credit losses	9,141			9,705			9,930			16,157			13,419
Gross charge-offs
Commercial and industrial	8,178			4,333			5,471			2,149			2,695
Lease financing	1,454			2,831			368			190			3
Construction real estate	0			0			0			0			0
Commercial real estate	0			5,051			261			2			5,319
Residential real estate	0			12			60			6			65
Home equity	86			210			90			122			25
Installment	1,321			1,680			1,510			2,034			2,236
Credit card	474			492			768			532			794
Total gross charge-offs	11,513			14,609			8,528			5,035			11,137
Recoveries
Commercial and industrial	195			1,779			434			236			162
Lease financing	29			17			11			1			59
Construction real estate	0			0			0			0			0
Commercial real estate	24			19			25			137			38
Residential real estate	24			23			22			37			24
Home equity	144			222			240			118			80
Installment	563			499			421			219			145
Credit card	84			305			91			41			51
Total recoveries	1,063			2,864			1,244			789			559
Total net charge-offs	10,450			11,745			7,284			4,246			10,578
Ending allowance for credit losses	$	155,482		$	156,791		$	158,831		$	156,185		$	144,274

NET CHARGE-OFFS TO AVERAGE LOANS AND LEASES (ANNUALIZED)
Commercial and industrial	0.85		%	0.27		%	0.54		%	0.21		%	0.29		%
Lease financing	0.99		%	1.91		%	0.26		%	0.15		%	(0.05)		%
Construction real estate	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%
Commercial real estate	0.00		%	0.49		%	0.02		%	(0.01)		%	0.52		%
Residential real estate	(0.01)		%	0.00		%	0.01		%	(0.01)		%	0.01		%
Home equity	(0.03)		%	(0.01)		%	(0.07)		%	0.00		%	(0.03)		%
Installment	2.42		%	3.43		%	3.03		%	4.81		%	5.33		%
Credit card	2.40		%	1.13		%	4.13		%	2.94		%	4.59		%

Total net charge-offs	0.36		%	0.40		%	0.25		%	0.15		%	0.38		%

COMPONENTS OF NONACCRUAL LOANS, NONPERFORMING ASSETS, AND UNDERPERFORMING ASSETS
Nonaccrual loans
Commercial and industrial	$	7,649		$	6,641		$	10,703		$	17,665		$	14,532
Lease financing	6,487			6,227			11,632			5,374			3,794
Construction real estate	0			0			0			0			0
Commercial real estate	25,736			32,303			23,608			22,942			23,055
Residential real estate	16,044			16,700			14,596			12,715			12,836
Home equity	2,920			3,418			4,074			3,295			4,036
Installment	719			684			826			682			984
Total nonaccrual loans	59,555			65,973			65,439			62,673			59,237


Other real estate owned (OREO)	213			64			30			30			161
Total nonperforming assets	59,768			66,037			65,469			62,703			59,398
Accruing loans past due 90 days or more	228			361			463			1,573			820
Total underperforming assets	$	59,996		$	66,398		$	65,932		$	64,276		$	60,218
Total classified assets	$	213,351		$	224,084		$	206,194		$	195,277		$	162,348

CREDIT QUALITY RATIOS
Allowance for credit losses to
Nonaccrual loans	261.07		%	237.66		%	242.72		%	249.21		%	243.55		%
Total ending loans	1.33		%	1.33		%	1.37		%	1.36		%	1.29		%
Nonaccrual loans to total loans	0.51		%	0.56		%	0.57		%	0.54		%	0.53		%
Nonperforming assets to
Ending loans, plus OREO	0.51		%	0.56		%	0.57		%	0.54		%	0.53		%
Total assets	0.32		%	0.36		%	0.36		%	0.35		%	0.34		%



Classified assets to total assets	1.16		%	1.21		%	1.14		%	1.07		%	0.92		%


FIRST FINANCIAL BANCORP.
CAPITAL ADEQUACY
(Dollars in thousands, except per share data)
(Unaudited)
	Three Months Ended,
	Mar. 31,			Dec. 31,			Sep. 30,			June 30,			Mar. 31,
	2025			2024			2024			2024			2024
PER COMMON SHARE
Market Price
High	$	29.04		$	30.34		$	28.09		$	23.78		$	23.68
Low	$	24.25		$	23.98		$	21.70		$	20.79		$	21.04
Close	$	24.98		$	26.88		$	25.23		$	22.22		$	22.42

Average shares outstanding - basic	94,645,787			94,486,838			94,473,666			94,438,235			94,218,067
Average shares outstanding - diluted	95,524,262			95,487,564			95,479,510			95,470,093			95,183,998
Ending shares outstanding	95,730,353			95,494,840			95,486,317			95,486,010			95,473,595

Total shareholders' equity	$	2,501,235		$	2,438,041		$	2,450,438		$	2,326,439		$	2,287,003

REGULATORY CAPITAL	Preliminary
Common equity tier 1 capital	$	1,724,134		$	1,709,422		$	1,661,759		$	1,626,345		$	1,582,113
Common equity tier 1 capital ratio	12.29		%	12.16		%	12.04		%	11.78		%	11.67		%
Tier 1 capital	$	1,769,357		$	1,754,584		$	1,706,796		$	1,671,258		$	1,626,899
Tier 1 ratio	12.61		%	12.48		%	12.37		%	12.11		%	12.00		%
Total capital	$	2,090,211		$	2,057,877		$	2,012,349		$	1,997,378		$	1,940,762
Total capital ratio	14.90		%	14.64		%	14.58		%	14.47		%	14.31		%
Total capital in excess of minimum requirement	$	617,347		$	581,659		$	563,273		$	548,037		$	516,704
Total risk-weighted assets	$	14,027,274		$	14,059,215		$	13,800,728		$	13,803,249		$	13,562,455
Leverage ratio	10.01		%	9.98		%	9.93		%	9.73		%	9.75		%

OTHER CAPITAL RATIOS
Ending shareholders' equity to ending assets	13.55		%	13.13		%	13.50		%	12.81		%	12.99		%
Ending tangible shareholders' equity to ending tangible assets (1)	8.16		%	7.73		%	7.98		%	7.23		%	7.23		%
Average shareholders' equity to average assets	13.38		%	13.36		%	13.28		%	12.87		%	13.09		%
Average tangible shareholders' equity to average tangible assets (1)	7.94		%	7.87		%	7.64		%	7.15		%	7.25		%

REPURCHASE PROGRAM (2)
Shares repurchased	0			0			0			0			0
Average share repurchase price	N/A			N/A			N/A			N/A			N/A
Total cost of shares repurchased	N/A			N/A			N/A			N/A			N/A

(1) Non-GAAP measure. For details on the calculation of these non-GAAP financial measures and a reconciliation to the GAAP financial measure, see the sections titled “Use of Non-GAAP Financial Measures” in this release and “Appendix: Non-GAAP to GAAP Reconciliation” in the accompanying slide presentation.
(2) Represents share repurchases as part of publicly announced plans.

N/A = Not applicable

earnings presentation • First Quarter 2025 Exhibit 99.2

forward looking statements disclosure 2 Certain statements contained in this report which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ‘‘believes,’’ ‘‘anticipates,’’ “likely,” “expected,” “estimated,” ‘‘intends’’ and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make about (i) our future operating or financial performance, including revenues, income or loss and earnings or loss per share, (ii) future common stock dividends, (iii) our capital structure, including future capital levels, (iv) our plans, objectives and strategies, and (v) the assumptions that underlie our forward-looking statements. As with any forecast or projection, forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that may cause actual results to differ materially from those set forth in the forward-looking statements. Forward-looking statements are not historical facts but instead express only management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. Important factors that could cause actual results to differ materially from those in our forward-looking statements include the following, without limitation: • economic, market, liquidity, credit, interest rate, operational and technological risks associated with the Company’s business; • future credit quality and performance, including our expectations regarding future loan losses and our allowance for credit losses; • the effect of and changes in policies and laws or regulatory agencies, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and other legislation and regulation relating to the banking industry; (iv) management’s ability to effectively execute its business plans; • mergers and acquisitions, including costs or difficulties related to the integration of acquired companies; • the possibility that any of the anticipated benefits of the Company’s acquisitions will not be realized or will not be realized within the expected time period; • the effect of changes in accounting policies and practices; • changes in consumer spending, borrowing and saving and changes in unemployment; • changes in customers’ performance and creditworthiness; • the costs and effects of litigation and of unexpected or adverse outcomes in such litigation; • current and future economic and market conditions, including the effects of changes in housing prices, fluctuations in unemployment rates, U.S. fiscal debt, budget and tax matters, geopolitical matters, trade and tariff policies, and any slowdown in global economic growth; • the adverse impact on the U.S. economy, including the markets in which we operate, of the novel coronavirus, which causes the Coronavirus disease 2019 (“COVID-19”), global pandemic, and the impact on the performance of our loan and lease portfolio, the market value of our investment securities, the availability of sources of funding and the demand for our products; • our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

forward looking statements disclosure 3 • financial services reform and other current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including the Dodd-Frank Act and other legislation and regulation relating to bank products and services; • the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income, net interest margin and our mortgage originations, mortgage servicing rights and mortgage loans held for sale; • the effect of a fall in stock market prices on our brokerage, asset and wealth management businesses; • a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber attacks; • the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin; and • our ability to develop and execute effective business plans and strategies. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in our Form 10-K for the year ended December 31, 2024, as well as our other filings with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, the Company does not assume any obligation to update any forward-looking statement.

1Q 2025 results 138th Consecutive Quarter of Profitability 4 • EOP assets decreased $115.2 million compared to the linked quarter to $18.5 billion • EOP loans decreased $37.6 million compared to the linked quarter to $11.7 billion • Average deposits decreased $99.0 million compared to the linked quarter to $14.2 billion • Excluding brokered deposits, total average deposits increased $62.8 million over linked quarter • EOP investment securities increased $76.7 million compared to the linked quarter Balance Sheet Profitability Asset Quality Income Statement Capital • Noninterest income – $51.1 million; $61.0 million as adjusted1 • Noninterest expense – $128.1 million; $126.6 million as adjusted1 • Efficiency ratio – 63.9%. Adjusted1 efficiency ratio – 60.2% • Effective tax rate of 19.4%. Adjusted1 effective tax rate of 19.7% • Net interest income – $149.3 million • Net interest margin of 3.84% on a GAAP basis; 3.88% on a fully tax equivalent basis1 • Net income – $51.3 million or $0.54 per diluted share. Adjusted1 net income – $60.2 million or $0.63 per diluted share • Return on average assets – 1.13%. Adjusted 1 return on average assets – 1.33% • Return on average shareholders’ equity – 8.46%. Adjusted1 return on average shareholders’ equity – 9.94% • Return on average tangible common equity – 15.16%. Adjusted1 return on average tangible common equity – 17.80% • Provision expense - $8.7 million • Net charge-offs – $10.5 million. NCOs / Avg. Loans – 0.36% annualized • Classified Assets / Total Assets - 1.16% • NPA / Total Assets – 0.32% • ACL / Total Loans – 1.33% • Total capital ratio – 14.90% • Tier 1 common equity ratio – 12.29% • Tangible common equity ratio – 8.16%. Adjusted1 Tangible common equity ratio – 9.62% • Tangible book value per share – $14.80 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation.

1Q 2025 highlights • Solid quarterly earnings driven by net interest income • Adjusted1 earnings per share – $0.63 • Adjusted1 return on assets – 1.33% • Adjusted1 pre-tax, pre-provision return on assets – 1.85% • Adjusted1 return on average tangible common equity – 17.8% • Stable loan balances during the quarter • EOP loan balances decreased $37.6 million compared to the linked quarter; 1.3% on an annualized basis • Seasonal production declines and prepayments in Commercial and ICRE lines of business, which offset modest increases in other portfolios • Average loan balances increased 1.5% on an annualized basis compared to linked quarter • Total average deposit balances decreased $99.0 million, or 2.8% on an annualized basis • Excluding brokered deposits, total average deposits increased $62.8 million over linked quarter • Seasonal decline in noninterest bearing deposits and public funds • Average noninterest bearing deposits were 21% of average total deposits • Net interest margin (FTE) of 3.88% decreased 6 bps from linked quarter, in line with expectations • 12 bp decline in cost of deposits • 18 bp decrease in asset yields • Noninterest income of $51.1 million; $61.0 million as adjusted1 • Adjustments include $9.9 million loss on sales of securities o Sold $164.9 million of securities during the quarter; 2.3 year expected earnback • Record Wealth management revenue of $8.1 million; 2.2% increase from linked quarter • Leasing business revenue of $18.7 million 5 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. .

1Q 2025 highlights • Adjusted1 noninterest expense of $126.6 million; 3.3% decrease from fourth quarter • Adjustments1 include $0.5 million of efficiency-related costs and $1.0 million in other costs not expected to recur like tax credit investment write-downs and severance costs • Decline driven by $1.1 million decrease in fraud losses and $5.2 million decline in incentive compensation • Efficiency ratio of 63.9%; 60.2% as adjusted1 • Optimization efforts have resulted in a 7% FTE reduction to date, excluding acquisition of Agile • Stable credit quality • Total ACL of $171.9 million; provision expense of $8.7 million o Loans and leases - ACL of $155.5 million; 1.33% of total loans o Unfunded Commitments - ACL of $16.4 million • Provision expense driven by net charge-offs • Classified assets decreased 5 bps to 1.16% of total assets • NPA to total assets of 32 bps; 4 bp decline from linked quarter • $10.5 million in net charge-offs; 0.36% of loans on an annualized basis; 4 bp decrease from linked quarter • Capital ratios stable and strong • Total capital ratio of 14.90% • Tier 1 common equity of 12.29%; 13 bp increase from linked quarter • Tangible book value of $14.80; increased $0.65, or 4.6% from linked quarter • Tangible common equity increased 43 bps to 8.16%; 9.62%1 excluding ($253.9) million of AOCI 6 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. .

adjusted net income1 7 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in thousands, except per share amounts As Reported Adjusted 1 As Reported Adjusted 1 Net interest income 149,296$ 149,296$ 154,399$ 154,399$ Provision for credit losses-loans and leases 9,141$ 9,141$ 9,705$ 9,705$ Provision for credit losses-unfunded commitments (441)$ (441)$ (273)$ (273)$ Noninterest income 51,083$ 51,083$ 69,854$ 69,854$ less: gains (losses) on security transactions - (9,948) A - 143 A less: deferred tax adjustment - - A - - A Total noninterest income 51,083$ 61,031$ 69,854$ 69,711$ Noninterest expense 128,076$ 128,076$ 147,907$ 147,907$ less: tax credit investment writedown - 112 A - 14,303 A less: state intangible tax - - A - (983) A less: efficiency-related costs - 451 A - 4,727 A less: other - 894 A - (1,066) A Total noninterest expense 128,076$ 126,619$ 147,907$ 130,926$ Income before income taxes 63,603$ 75,008$ 66,914$ 83,752$ Income tax expense 12,310$ 12,310$ 2,029$ 2,029$ plus: after-tax impact of tax credit investment @ 21% - 88 - 10,522 plus: tax effect of adjustments (A) @ 21% statutory rate - 2,395 - 3,536 Total income tax expense 12,310$ 14,793$ 2,029$ 16,087$ Net income 51,293$ 60,215$ 64,885$ 67,665$ Net earnings per share - diluted 0.54$ 0.63$ 0.68$ 0.71$ Pre-tax, pre-provision return on average assets 1.60% 1.85% 1.66% 2.03% 1Q 2025 4Q 2024 The table below lists certain adjustments that the Company believes are significant to understanding its quarterly performance.

profitability 8 Return on Average Assets Return on Avg Tangible Common Equity Diluted EPS 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. Adjusted1 Pre-tax, Pre-Provision Earnings $0.54 $0.68 $0.55 $0.64 $0.53 $0.63 $0.71 $0.67 $0.65 $0.59 1Q254Q243Q242Q241Q24 Diluted EPS Adjusted EPS 1 1.13% 1.41% 1.17% 1.38% 1.18% 1.33% 1.47%1.42%1.40% 1.30% 1Q254Q243Q242Q241Q24 ROA Adjusted ROA 1 15.16% 19.08% 16.29% 20.57% 17.35% 17.80% 19.90%19.77%20.88% 19.11% 1Q254Q243Q242Q241Q24 ROATCE Adjusted ROATCE 1 $83.7$93.2$89.7$92.4$79.4 1.85% 2.03%2.00%2.10% 1.85% 1Q254Q243Q242Q241Q24 Pre-tax, pre-provision earnings Pre-tax, pre-provision ROA

net interest income & margin 9 Net Interest Margin (FTE) 1Q25 NIM (FTE) Progression Net Interest Income All dollars shown in millions $145.6$149.2$151.0$148.4$143.9 $3.1 $4.7$3.8 $3.6 $4.0 $149.3 $154.4$155.6 $153.3 $148.7 1Q254Q243Q242Q241Q24 Basic NII Loan Fees 3.80%3.82% 3.98%4.00%3.99% 0.08%0.12% 0.10%0.10%0.11% 3.88%3.94% 4.08%4.10%4.10% 1Q254Q243Q242Q241Q24 Basic Margin (FTE) Loan Fees 4Q24 3.94% Asset yields/mix (0.18%) Funding costs/mix 0.12% 1Q25 3.88%

average balance sheet 10 Average Securities All dollars shown in millions 1 Includes loans fees and loan accretion Average Deposits $3,412$3,373$3,274$3,132$3,138 4.35% 4.28%4.24%4.23% 4.01% 1Q254Q243Q242Q241Q24 Investment Securities Investment Securities Yield $14,241$14,340 $13,797$13,630 $13,279 2.24% 2.36% 2.49%2.44% 2.30% 1Q254Q243Q242Q241Q24 Deposits Cost of Deposits $11,725$11,688$11,534$11,441$11,066 6.82%7.04% 7.41%7.42%7.32% 1Q254Q243Q242Q241Q24 Loans Loan Yield 1 Average Loans

11 Borrowing Capacity • Interest-bearing deposits with other banks of $633 million • Investment securities portfolio: • 97.7% of investment portfolio classified as available-for-sale • $782.2 million of expected cash flow from securities portfolio in next 12 months • $412.3 million of floating rate securities with minimal losses • Portfolio duration of 4.4 years at March 31, 2025 borrowing capacity & cash/investment liquidity Cash/Investment Liquidity All dollars shown in thousands FHLB borrowing availability 897,198$ Fed Discount Window availability 852,661 Brokered CDs/Deposit placement services 2,473,697 Fed funds 940,000 Total as of March 31, 2025 5,163,556$

loan portfolio 12 Loan LOB Mix (EOP) Net Loan Change-LOB (Linked Quarter) All dollars shown in millions Total growth/(decline): ($37.6) million ICRE $3,718 32% Commercial & Small Business Banking $3,238 27% Oak Street $793 7% Franchise $229 2% Summit $901 8% Agile $206 2% Consumer $1,036 9% Mortgage $1,603 13% Total $11.7 Billion -$38.5 -$71.1 $46.8 -$11.2 $13.6 $3.1 $10.8 $8.9 ICRE Commercial & Small Business Banking Oak Street Franchise Summit Agile Consumer Mortgage

loan concentrations 13 C&I and Owner Occupied CRE Loans by Sector1 Investor CRE Loans by Property Type All dollars shown in millions 1 Excludes Agile Premium Finance NAICS Sector 3/31/25 % of Total Loans Finance and Insurance $1,259.8 10.7% Manufacturing 498.2 4.2% Construction 360.0 3.1% Real Estate and Rental and Leasing 296.7 2.5% Health Care and Social Assistance 290.0 2.5% Accommodation and Food Services 284.5 2.4% Professional, Scientific, and Technical Services 282.7 2.4% Retail Trade 243.1 2.1% Wholesale Trade 183.4 1.6% Administrative and Support and Waste Managemen 159.9 1.4% Agriculture, Forestry, Fishing and Hunting 152.3 1.3% Transportation and Warehousing 151.2 1.3% Other Services (except Public Administration) 129.5 1.1% Arts, Entertainment, and Recreation 73.4 0.6% Information 65.6 0.6% Public Administration 52.7 0.4% Management of Companies and Enterprises 25.7 0.2% Educational Services 24.4 0.2% Mining, Quarrying, and Oil and Gas Extraction 21.7 0.2% Utilities 20.8 0.2% Other 2.1 0.0% Grand Total $4,577.8 39.0% Property Type 3/31/25 % of Total Loans Residential Multi Family 5+ $1,347.4 11.5% Retail Property 765.6 6.5% Industrial 422.7 3.6% Office 405.7 3.5% Hospital/Nursing Home 288.0 2.5% Hotel 172.7 1.5% Land 109.2 0.9% Residential 1-4 Family 108.7 0.9% Other Real Estate 53.9 0.5% Industrial 31.0 0.3% Self Storage 12.5 0.1% Other 0.1 0.0% Grand Total $3,717.5 31.7%

area of focus - office portfolio (non-owner occupied) 14 1 Performance metrics based on loans greater than $2.5 million and excluding classified assets. All dollars shown in millions Office Property Market • $405.7 million represents 3.5% of total loan portfolio; includes $51.5 million of loans less than $2.5 million individual exposure • Majority of exposure is in our metro markets and secured by suburban Class A & Class B assets with recourse from the sponsor • No exposure to gateway cities • $16.8 million on nonaccrual status; 2 relationships; have been charged down to net realizable value • $25.0 million rated special mention – 2 relationships • No loans migrated to criticized/classified during quarter • Performance metrics at origination or renewal1 • LTV – 63.1% • Occupancy – 86.9% • Debt coverage – 1.68x Office Property Type $321 79% $44 11% $26 6% $15 4% General Office Medical Mixed Use Other $274 68% $118 29% $14 3% Suburban Urban Non-metro $95 $82 $37 $61 $50 $81 $0 $20 $40 $60 $80 $100 $120 2025 2026 2027 2028 2029 2030+ Office Maturity Schedule

deposits 15 Deposit Product Mix (Avg) 1Q25 Average Deposit Progression All dollars shown in millions Total growth/(decline): ($99.0) million Noninterest- bearing $2,976 21% Interest-bearing demand $1,767 12% Savings $996 7% Money Markets $3,256 23% Retail CDs $1,943 14% Brokered Deposits $1,237 9% Public Funds $2,066 14% Total $14.2 Billion -$64.6 $35.4 $0.4 $59.4 $95.0 -$161.8 -$62.8 Noninterest-bearing Interest-bearing demand Savings Money Markets Retail CDs Brokered Deposits Public Funds

average deposit trends 16 All dollars shown in millions Business Public Funds Personal Uninsured Deposits $6,665$6,520$6,330$6,312$6,162 1Q254Q243Q242Q241Q24 $4,190$4,207$3,974$3,824$3,823 1Q254Q243Q242Q241Q24 $2,066$2,129$1,937$1,978$1,864 1Q254Q243Q242Q241Q24 Uninsured deposits (per call report instructions) 5,759$ Less: Public funds 1,777 Less: Intercompany deposits 291 Adjusted uninsured deposits 3,691 Borrowing capacity 5,164 Borrowing capacity in excess of adjusted uninsured deposits $ 1,473 Borrowing capacity as a % of adjusted uninsured deposits 139.9% Adjusted uninsured deposits to total deposits 26.0%

noninterest income 17 Noninterest Income 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. 1Q25 Highlights • $9.9 million of adjustments1 for losses on sales of securities • Adjusted1 noninterest income 29% of net revenue • Record Wealth management fees of $8.1 million; increased $0.2 million , or 2.2% from linked quarter • Foreign exchange income of $12.5 million; decreased $4.3 million from strong fourth quarter • Leasing business income of $18.7 million; decreased $0.7 million, or 3.7% from the linked quarter All dollars shown in millions Service Charges $7.5 Wealth Mgmt $8.1 Bankcard $3.3 Client derivative fees $1.6 Foreign exchange $12.5 Leasing business $18.7 Mortgage banking $4.3 Other $(4.9) Total $51.1 million $61.0 million as adjusted 1

noninterest expense 18 Noninterest Expense 1Q25 Highlights 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliations. All dollars shown in millions • Adjusted1 noninterest expenses decreased $4.3 million, or 3.3% from linked quarter • $5.2 million decrease in incentive compensation • $1.1 million decrease in fraud losses • $1.5 million of adjustments1 include: • $0.5 million efficiency-related costs • $1.0 million of other costs not expected to recur such as tax credit investment write-downs and severance costs Efficiency Ratio Full-time Equivalent Employees Salaries and benefits $75.2 59% Occupancy and equipment $9.8 7% Data processing $8.8 7% Professional services $2.7 2% Intangible amortization $2.4 2% Leasing business expense $12.8 10% Other $16.4 13% $128.1 million Total 62.7% 57.5% 62.5% 66.0% 63.9% 60.4% 57.0% 58.2% 58.4% 60.2% 1Q24 2Q24 3Q24 4Q24 1Q25 Efficiency Ratio Adjusted Efficiency Ratio 1 2,021 2,064 2,084 2,144 2,116 1Q254Q243Q242Q241Q24 Full-time equivalent employees

allowance for credit losses 19 1Q25 Highlights All dollars shown in millions • $171.9 million combined ACL; $8.7 million combined provision expense • $155.5 million ACL – loans and leases; 1.33% of loan balances consistent with linked quarter • Utilized Moody’s March baseline forecast in quantitative model • $16.4 million ACL – unfunded commitments ACL / Total Loans $144.3 $156.2 $158.8 $156.8 $155.5 $16.2 $16.4 $17.1 $16.9 $16.4 $160.4 $172.6 $176.0 $173.7 $171.9 1.29% 1.36% 1.37% 1.33% 1.33% 1Q24 2Q24 3Q24 4Q24 1Q25 ACL-loans and leases ACL-unfunded commitments ACL / Total Loans

asset quality 20 Classified Assets / Total Assets . 1 Provision includes both loans & leases and unfunded commitments All dollars shown in millions Nonperforming Assets / Total Assets Net Charge Offs & Provision Expense1 $10.6 $4.2 $7.3 $11.7 $10.5 $11.2 $16.4 $10.6 $9.4 $8.7 0.36% 0.40% 0.25% 0.15% 0.38% 1Q24 2Q24 3Q24 4Q24 1Q25 NCOs Provision Expense NCOs / Average Loans $213.4$224.1 $206.2$195.3 $162.3 1.16%1.21% 1.14%1.07% 0.92% 1Q254Q243Q242Q241Q24 Classified Assets Classified Assets / Total Assets $59.8 $66.0$65.5$62.7$59.4 0.32% 0.36%0.36%0.35%0.34% 1Q254Q243Q242Q241Q24 NPAs NPAs / Total Assets

capital 21 Tier 1 Common Equity Ratio Total Capital Ratio Tangible Common Equity Ratio 3/31 Risk Weighted Assets = $14,027,274 All capital numbers are considered preliminary. 1 Non-GAAP financial measure which management believes facilitates a better understanding of the Company’s financial condition. See Appendix for Non-GAAP reconciliation. Adjusted TCE excludes impact from AOCI Tier 1 Capital Ratio 12.29%12.16%12.04%11.78%11.67% 7.00% 1Q254Q243Q242Q241Q24 Tier 1 Common Equity Ratio Basel III minimum 12.61%12.48%12.37%12.11%12.00% 8.50% 1Q254Q243Q242Q241Q24 Tier 1 Capital Ratio Basel III minimum 14.90%14.64%14.58%14.47%14.31% 10.50% 1Q254Q243Q242Q241Q24 Total Capital Ratio Basel III minimum 7.23% 7.23% 7.98% 7.73% 8.16% 9.18% 9.13% 9.34% 9.39% 9.62% 1Q24 2Q24 3Q24 4Q24 1Q25 TCE ratio Adjusted TCE ratio1

capital strategy 22 Strategy & DeploymentTangible Book Value Per Share • 3.8% annualized dividend yield as of March 31st • 44.8% of 1Q25 earnings returned to shareholders through common dividend • Most recent internal stress testing indicates capital ratios above regulatory minimums in all modeled scenarios • Common dividend of $0.24 • No shares repurchased in 1Q25; no plans to repurchase shares in near- term • Increase in TBV per share from linked quarter driven by strong earnings and fewer unrealized losses on the investment portfolio • 18.4% increase since 1Q24 1 Excludes impact from AOCI $12.50 $12.94 $14.26 $14.15 $14.80 $15.87 $16.32 $16.69 $17.18 $17.45 1Q24 2Q24 3Q24 4Q24 1Q25 Tangible Book Value per Share TBV per share-adjusted 1

outlook commentary1 • Loan balances expected to increase low single digits on an annualized basis • Deposit balances expected to grow modestly • Investment portfolio expected to grow with earning assets 23 • Total noninterest expense expected to be $126 - 128 million • Stable expense base expected excluding leasing business and fee-based incentive expense • Incentive expense will fluctuate with fee income Noninterest Expense Net Interest Margin Balance Sheet Credit • Credit costs expected to be stable • Net charge-offs expected to be lower in 2Q • Stable to slightly increasing ACL coverage as a percentage of loans expected Noninterest Income • Total expected fee income of $64 - 66 million • Includes $13 - 15 million foreign exchange • Includes $18 - 20 million leasing business income 1 See Forward Looking Statement Disclosure on page 2-3 of this presentation for a discussion of factors that could affect management’s expectations and results in future periods. • Expected to be 3.95% - 4.05%; assumes 25 bp June rate cut Capital • Expect to maintain dividend at $0.24

The Company’s Investor Presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting provides meaningful information and therefore we use it to supplement our GAAP information. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments and to provide an additional measure of performance. We believe this information is helpful in understanding the results of operations separate and apart from items that may, or could, have a disproportional positive or negative impact in any given period. For a reconciliation of the differences between the non-GAAP financial measures and the most comparable GAAP measures, please refer to the following reconciliation tables. to GAAP Reconciliation 24 appendix: non-GAAP measures

appendix: non-GAAP to GAAP reconciliation 25 All dollars shown in thousands Net interest income and net interest margin - fully tax equivalent Mar. 31, Dec. 31, Sep. 30, June 30, Mar. 31, 2025 2024 2024 2024 2024 Net interest income 149,296$ 154,399$ 155,560$ 153,311$ 148,740$ Tax equivalent adjustment 1,213 1,274 1,362 1,418 1,535 Net interest income - tax equivalent 150,509$ 155,673$ 156,922$ 154,729$ 150,275$ Average earning assets 15,752,132$ 15,714,676$ 15,292,378$ 15,171,819$ 14,757,503$ Net interest margin1 3.84 % 3.91 % 4.05 % 4.06 % 4.05 % Net interest margin (fully tax equivalent)1 3.88 % 3.94 % 4.08 % 4.10 % 4.10 % Three months ended 1 Margins are calculated using net interest income annualized divided by average earning assets. The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets and assumes a 21% tax rate. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully tax equivalent basis. Therefore, management believes these measures provide useful information to investors by allowing them to make peer comparisons. Management also uses these measures to make peer comparisons.

appendix: non-GAAP to GAAP reconciliation 26 All dollars shown in thousands Additional non-GAAP ratios Mar. 31, Dec. 31, Sep. 30, June 30, Mar. 31, (Dollars in thousands, except per share data) 2025 2024 2024 2024 2024 Net income (a) 51,293$ 64,885$ 52,451$ 60,805$ 50,689$ Average total shareholders' equity 2,457,785 2,441,045 2,371,125 2,281,040 2,265,562 Less: Goodw ill (1,007,656) (1,007,658) (1,007,654) (1,007,657) (1,006,477) Other intangibles (78,220) (80,486) (82,619) (84,577) (84,109) Average tangible equity (b) 1,371,909 1,352,901 1,280,852 1,188,806 1,174,976 Total shareholders' equity 2,501,235 2,438,041 2,450,438 2,326,439 2,287,003 Less: Goodw ill (1,007,656) (1,007,656) (1,007,656) (1,007,656) (1,007,656) Other intangibles (77,002) (79,291) (81,547) (83,528) (85,603) Ending tangible equity (c) 1,416,577 1,351,094 1,361,235 1,235,255 1,193,744 Less: AOCI (253,888) (289,799) (232,262) (323,409) (321,109) Ending tangible equity less AOCI (d) 1,670,465 1,640,893 1,593,497 1,558,664 1,514,853 Total assets 18,455,067 18,570,261 18,146,332 18,166,180 17,599,238 Less: Goodw ill (1,007,656) (1,007,656) (1,007,656) (1,007,656) (1,007,656) Other intangibles (77,002) (79,291) (81,547) (83,528) (85,603) Ending tangible assets (e) 17,370,409 17,483,314 17,057,129 17,074,996 16,505,979 Risk-w eighted assets (f) 14,027,274 14,059,215 13,800,728 13,803,249 13,562,455 Total average assets 18,368,604 18,273,419 17,854,191 17,728,251 17,306,221 Less: Goodw ill (1,007,656) (1,007,658) (1,007,654) (1,007,657) (1,006,477) Other intangibles (78,220) (80,486) (82,619) (84,577) (84,109) Average tangible assets (g) 17,282,728$ 17,185,275$ 16,763,918$ 16,636,017$ 16,215,635$ Ending shares outstanding (h) 95,730,353 95,494,840 95,486,317 95,486,010 95,473,595 Ratios Return on average tangible shareholders' equity (a)/(b) 15.16% 19.08% 16.29% 20.57% 17.35% Ending tangible equity as a percent of: Ending tangible assets (c)/(e) 8.16% 7.73% 7.98% 7.23% 7.23% Risk-w eighted assets (c)/(f) 10.10% 9.61% 9.86% 8.95% 8.80% Ending tangible equity excluding AOCI as a percent of: Ending tangible assets (d)/(e) 9.62% 9.39% 9.34% 9.13% 9.18% Average tangible equity as a percent of average tangible assets (b)/(g) 7.94% 7.87% 7.64% 7.15% 7.25% Tangible book value per share (c)/(h) 14.80$ 14.15$ 14.26$ 12.94$ 12.50$ Three months ended,

appendix: non-GAAP to GAAP reconciliation 27 All dollars shown in thousands Additional non-GAAP measures 3Q24 2Q24 As Reported Adjusted As Reported Adjusted As Reported Adjusted As Reported Adjusted Net interest income (f) 149,296$ 149,296$ 154,399$ 154,399$ 155,560$ 155,560$ 153,311$ 153,311$ Provision for credit losses-loans and leases (j) 9,141 9,141 9,705 9,705 9,930 9,930 16,157 16,157 Provision for credit losses-unfunded commitments (j) (441) (441) (273) (273) 694 694 286 286 Noninterest income 51,083 51,083 69,854 69,854 45,701 45,701 61,501 61,501 less: gains (losses) on security transactions (9,948) 143 (17,468) (64) less: deferred tax adjustment - - 4,353 - Total noninterest income (g) 51,083 61,031 69,854 69,711 45,701 58,816 61,501 61,565 Noninterest expense 128,076 128,076 147,907 147,907 125,759 125,759 123,574 123,574 less: tax credit investment w ritedow n 112 14,303 31 31 less: state intangible tax - (983) - - less: FDIC special assessment - - - (70) less: eff iciency-related costs 451 4,727 383 368 less: Other 894 (1,066) 664 787 Total noninterest expense (e) 128,076 126,619 147,907 130,926 125,759 124,681 123,574 122,458 Income before income taxes (i) 63,603 75,008 66,914 83,752 64,878 79,071 74,795 75,975 Income tax expense 12,310 12,310 2,029 2,029 12,427 12,427 13,990 13,990 plus: tax effect of adjustments 88 10,522 24 10 plus: after-tax impact of tax credit investments @ 21% 2,395 3,536 2,981 263 Total income tax expense (h) 12,310 14,793 2,029 16,087 12,427 15,432 13,990 14,262 Net income (a) 51,293$ 60,215$ 64,885$ 67,665$ 52,451$ 63,639$ 60,805$ 61,713$ Average diluted shares (b) 95,524 95,524 95,488 95,488 95,480 95,480 95,470 95,470 Average assets (c) 18,368,604 18,368,604 18,273,419 18,273,419 17,854,191 17,854,191 17,728,251 17,728,251 Average shareholders' equity 2,457,785 2,457,785 2,441,045 2,441,045 2,371,125 2,371,125 2,281,040 2,281,040 Less: Goodw ill and other intangibles (1,085,876) (1,085,876) (1,088,144) (1,088,144) (1,090,273) (1,090,273) (1,092,234) (1,092,234) Average tangible equity (d) 1,371,909 1,371,909 1,352,901 1,352,901 1,280,852 1,280,852 1,188,806 1,188,806 Ratios Net earnings per share - diluted (a)/(b) 0.54$ 0.63$ 0.68$ 0.71$ 0.55$ 0.67$ 0.64$ 0.65$ Return on average assets - (a)/(c) 1.13% 1.33% 1.41% 1.47% 1.17% 1.42% 1.38% 1.40% Pre-tax, pre-provision return on average assets - ((a)+(j)+(h))/(c) 1.60% 1.85% 1.66% 2.03% 1.68% 2.00% 2.07% 2.10% Return on average tangible shareholders' equity - (a)/(d) 15.16% 17.80% 19.08% 19.90% 16.29% 19.77% 20.57% 20.88% Efficiency ratio - (e)/((f)+(g)) 63.9% 60.2% 66.0% 58.4% 62.5% 58.2% 57.5% 57.0% Effective tax rate - (h)/(i) 19.4% 19.7% 3.0% 19.2% 19.2% 19.5% 18.7% 18.8% (Dollars in thousands, except per share data) 1Q25 4Q24

28 First Financial Bancorp First Financial Center 255 East Fifth Street Cincinnati, OH 45202


		By: /s/ James M. Anderson
		James M. Anderson
		Executive Vice President and Chief Financial Officer

Date:	April 24, 2025