First Financial Bancorp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, total interest income was $59.8 million against $67.6 million for the same period of last year. Net interest income was $55.8 million against $62 million for the same period of last year. Income before income taxes was $2.6 million against $25.5 million for the same period of last year. Net income was $3.8 million against $16.3 million for the same period of last year. Basic and diluted net income per share was $0.07 against $0.28 a year ago. Return on average assets was 0.24% against 1.03% for the same period of last year. Return on average shareholders equity was 2.15% against 9.06% for the same period of last year. Return on average tangible shareholders equity was 2.51% against 10.58% for the same period of last year. Adjusted return on average assets was 1.14%. Adjusted return on average tangible common equity was 11.88%.

For the year, total interest income was $245.2 million against $280.9 million for the same period of last year. Net interest income was $228.3 million against $253.3 million for the same period of last year. Income before income taxes was $67.6 million against $103.7 million for the same period of last year. Net income was $48.3 million against $67.3 million for the same period of last year. Diluted net income per share was $0.83 against $1.14 a year ago. Return on average assets was 0.77% against 1.07% for the same period of last year. Return on average shareholders equity was 6.89% against 9.43% for the same period of last year. Tangible book value per share was $10.10 against $10.47 at December 31, 2012. Return on average tangible shareholders equity was 8.05% against 11.01% for the same period of last year. Book value per share was $11.86 against $12.24 at December 31, 2012.

For the fourth quarter, net charge-offs was $3.5 million compared to $5.3 million last year. Significant charge-offs during the quarter included $1.8 million related to a commercial real estate credit that was transferred to OREO as well as $0.9 million associated with an unrelated commercial real estate credit. FDIC indemnification impairment was $22.4 million.