First Financial Bancorp

FFBC is in a Stage 2 advancing uptrend with intact higher highs and higher lows, but the price is extended and overbought following a double top formation, making immediate entry unfavorable. A more favorable execution approach is to wait for a pullback into the rising 9- and 21-EMA zone or the 50-day moving average to confirm support before buying.

• ↑Q1 EPS $0.77, +22% YoY on a 3.99% net interest margin
• ↑Revenue $265.3M vs. $257.97M est; tangible book $16.15 (+2.6% QoQ)
• ↓Net charge-offs 35 bps raise asset-quality concerns and drag profits