First Financial Bancorp (FRA:FI5) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is First Financial Bancorp Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for First Financial Bancorp's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

First Financial Bancorp Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for First Financial Bancorp's Mortgage Backed Securities (USD Mil) can be seen below:

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First Financial Bancorp Mortgage Backed Securities (USD Mil) Chart

First Financial Bancorp (FRA:FI5) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

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First Financial Bancorp (FRA:FI5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Bancorp (FRA:FI5) » Definitions » Mortgage Backed Securities (USD Mil)

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Traded in Other Exchanges

FFBC:USA

Address

225 Pictoria Dr., Suite 700, Cincinnati, OH, USA, 45246

Website

https://www.bankatfirst.com

First Financial Bancorp is a mid-sized, regional bank holding company. It operates through its wholly-owned subsidiary, First Financial Bank, and provides banking and financial services products through its six lines of business Commercial, Retail Banking, Mortgage Banking, Wealth Management, Investment Commercial Real Estate, and Commercial Finance. First Financial utilizes a community banking business model and serves a combination of metropolitan and non-metropolitan markets through full-service banking centers around Indiana, Ohio, and Kentucky. The primary component of its loan portfolio is commercial real estate loans, followed by commercial and industrial loans. A majority of First Financial's net revenue is net interest income.

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