FFBC FIRST FINANCIAL BANCORP /OH/

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2022: $57M, Q2 2022: $33M, Q1 2022: $18M, Q3 2021: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $57M vs trailing avg $17M (+238%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-24M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 40,255 shares = 0.2% of 104,929,374 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

1 open-market purchase by Arvia Anne L

• Arvia Anne L () bought 618 shares at $25.25 on 2025-09-30

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters but insufficient insider buying

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 180.6x more than bought. 5 C-suite officers among sellers

• ANDERSON JAMES M (Chief Financial Officer) sold 4,263 shares on 2026-04-29
• Shank James R (Chief Internal Auditor) sold 3,420 shares on 2026-03-16
• Shank James R (Chief Internal Auditor) sold 320 shares on 2026-02-27
• Dennen Richard S (Chief Corp. Banking Officer) sold 20,000 shares on 2026-02-04
• Harris Gregory A (President, Wealth Management) sold 1,821 shares on 2026-02-02
• Brown Archie M (President & CEO) sold 11,500 shares on 2025-12-16
• Brown Archie M (President & CEO) sold 12,500 shares on 2025-08-14