First Financial Bancorp (FFBC) Q1 2012 Earnings Call April 26, 2012 9:00 am ET Executives Kenneth J. Lovik – Vice President, Investor Relations and Corporate Development Claude E. Davis – President and Chief Executive Officer J. Franklin Hall – Executive Vice President, Chief Operating Officer and Chief Financial Officer Analysts Scott Siefers – Sandler O'Neill & Partners Jon Arfstrom – RBC Capital Markets Equity Research John Barber – Keefe, Bruyette & Woods, Inc. David Long – Raymond James & Associates Emlen Harmon – Jefferies & Co., Inc. PresentationOperator
Good morning, and welcome to the First Financial Bancorp First Quarter 2012 Earnings Conference Call and Webcast. All participants will be in listen-only mode. (Operator Instructions) After today’s presentation, there will be an opportunity to ask questions. (Operator Instructions) Please note this event is being recorded. I’d now like to turn the conference over to Ken Lovik, Vice President, Investor Relations and Corporate Development. Please go ahead sir. Kenneth J. Lovik Thank you, Denise. Good morning, everyone, and thank you for joining us on today’s conference call to discuss First Financial Bancorp’s first quarter 2012 financial results. Discussing our operating and financial results today will be Claude Davis, President and Chief Executive Officer; and Frank Hall, Executive Vice President and Chief Financial Officer and Chief Operating Officer. Before we get started, I would like to mention that both the press release we issued yesterday announcing our financial results for the quarter and the accompanying supplemental presentation are available on our website at www.bankatfirst.com under the Investor Relations section.
Investors in First Financial Bancorp saw new options begin trading this week, for the May 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 144 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.