MEDIUMBuilt-inGeographic
Indiana, Ohio, Kentucky and Illinois
“10-K Item 1A: 'Our community banking business model and local market focus has led to a concentration in the markets in which we operate, namely Indiana, Ohio, Kentucky and Illinois'”
FFBC · Concentration risk · 10-K extracted
First Financial Bancorp. (FFBC) concentration risks
Updated
The most significant concentration First Financial Bancorp. discloses is Indiana, Ohio, Kentucky and Illinois, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: First Financial Bancorp.’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
small number of large clients
“10-K Item 1A: 'Bannockburn's business model relies, to some extent, upon a small number of large clients ... would adversely affect the revenue derived from Bannockburn'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a moderate geographic exposure to a multi-state Midwest and Mid-Atlantic footprint with a moderate client dependency within one of its business units. The community banking model and local market focus has led to a concentration in markets — specifically Indiana, Ohio, Kentucky, and Illinois — by disclosed size a moderate geographic exposure with a structural character. These markets' economic conditions, employment levels, and commercial and residential real estate values drive loan demand, credit quality, and deposit stability, and the structural nature of this footprint means diversification would require significant branch or acquisition activity over time. A separate, distinct dependency exists within one business unit: Bannockburn's model relies, to some extent, on a small number of large clients, and the loss of any one of those relationships would adversely affect Bannockburn's revenue. This is a moderate client-dependency exposure by disclosed size. Its character is more idiosyncratic than the broader geographic concentration — it reflects named-client reliance at a subsidiary level rather than a macroeconomic geographic tilt. A client departure could impair that unit's contribution without affecting the core community banking operations. The two exposures sit at different levels of the enterprise and do not directly amplify each other. The geographic concentration is the more pervasive risk, given its effect across the entire loan and deposit book, while the Bannockburn client dependency is narrower and scoped to that subsidiary. Together they constitute a manageable but attention-worthy profile, with the Midwest geography as the primary macro variable and the Bannockburn client base as the primary idiosyncratic variable.
For the engine’s reasoning on FFBC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| FFBC● | First Financial Bancorp. | 0 | 2 | 0 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.