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 Video: What is a Stock Split?
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| First Financial Bancorp. is a mid-sized, regional bank holding company. Co. is engaged in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank (the Bank). Co. provides a range of banking services to individuals and businesses, including commercial lending, real estate lending and consumer financing. Real estate loans are loans secured by a mortgage lien on the real property of the borrower, which may either be residential property (one to four family residential housing units) or commercial property (owner-occupied and/or investor income producing real estate). According to our FFBC split history records, First Financial Bancorp has had 8 splits. | |
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First Financial Bancorp (FFBC) has 8 splits in our FFBC split history database. The first split for FFBC took place on January 04, 1994. This was a 4 for 3
split, meaning for each 3
shares of FFBC owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 1333.33333333333 share position following the split. FFBC's second split took place on December 02, 1994. This was a 5 for 4
split, meaning for each 4
shares of FFBC owned pre-split, the shareholder now owned 5 shares. For example, a 1333.33333333333 share position pre-split, became a 1666.66666666667 share position following the split. FFBC's third split took place on October 02, 1996. This was a 11 for 10
split, meaning for each 10
shares of FFBC owned pre-split, the shareholder now owned 11 shares. For example, a 1666.66666666667 share position pre-split, became a 1833.33333333333 share position following the split. FFBC's 4th split took place on September 03, 1997. This was a 11 for 10
split, meaning for each 10
shares of FFBC owned pre-split, the shareholder now owned 11 shares. For example, a 1833.33333333333 share position pre-split, became a 2016.66666666667 share position following the split. FFBC's 5th split took place on June 02, 1998. This was a 2 for 1
split, meaning for each share of FFBC owned pre-split, the shareholder now owned 2 shares. For example, a 2016.66666666667 share position pre-split, became a 4033.33333333333 share position following the split. FFBC's 6th split took place on December 02, 1998. This was a 11 for 10
split, meaning for each 10
shares of FFBC owned pre-split, the shareholder now owned 11 shares. For example, a 4033.33333333333 share position pre-split, became a 4436.66666666667 share position following the split. FFBC's 7th split took place on December 01, 1999. This was a 110 for 100
split, meaning for each 100
shares of FFBC owned pre-split, the shareholder now owned 110 shares. For example, a 4436.66666666667 share position pre-split, became a 4880.33333333333 share position following the split. FFBC's 8th split took place on March 07, 2001. This was a 105 for 100 split, meaning for each 100 shares of FFBC owned pre-split, the shareholder now owned 105 shares. For example, a 4880.33333333333 share position pre-split, became a 5124.35 share position following the split.
When a company such as First Financial Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FFBC split history from start to finish, an original position size of 1000 shares would have turned into 5124.35 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Financial Bancorp shares, starting with a $10,000 purchase of FFBC, presented on a split-history-adjusted basis factoring in the complete FFBC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.16 |
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| End price/share: |
$29.06 |
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| Starting shares: |
550.66 |
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| Ending shares: |
801.08 |
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| Dividends reinvested/share: |
$8.26 |
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| Total return: |
132.79% |
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| Average Annual Total Return: |
8.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,285.59 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.16 |
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| End price/share: |
$29.06 |
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| Dividends collected/share: |
$8.26 |
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| Total return: |
105.51% |
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| Average Annual Total Return: |
7.47% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,552.87 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/04/1994 | 4 for 3
| | 12/02/1994 | 5 for 4
| | 10/02/1996 | 11 for 10
| | 09/03/1997 | 11 for 10
| | 06/02/1998 | 2 for 1
| | 12/02/1998 | 11 for 10
| | 12/01/1999 | 110 for 100
| | 03/07/2001 | 105 for 100 |
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