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First Financial Bankshares (FFIN) Financials

First Financial Bankshares logo
$32.60 -0.63 (-1.90%)
As of 09/1/2026 04:00 PM Eastern
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Annual Income Statements for First Financial Bankshares

Annual Income Statements for First Financial Bankshares

This table shows First Financial Bankshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 100 105 120 151 165 202 228 234 199 224 254
Consolidated Net Income / (Loss)		 100 105 120 151 165 202 228 234 199 224 254
Net Income / (Loss) Continuing Operations		 100 105 120 151 165 202 228 234 199 224 254
Total Pre-Tax Income 		132 136 147 178 198 242 272 281 243 272 310
Total Revenue		 291 312 328 375 398 490 513 533 492 551 632
Net Interest Income / (Expense)		 218 227 237 273 289 350 370 401 384 427 501
Total Interest Income		 222 232 246 292 319 364 376 433 528 629 702
Loans and Leases Interest Income		 152 161 167 200 225 263 272 296 406 503 544
Investment Securities Interest Income		 70 71 77 90 93 100 104 133 116 113 144
Federal Funds Sold and Securities Borrowed Interest Income		 0.21 0.34 1.68 1.63 1.89 0.95 0.74 3.70 6.01 13 14
Total Interest Expense		 4.09 5.45 9.29 19 30 14 6.04 31 144 202 202
Deposits Interest Expense		 3.64 4.50 8.21 17 27 13 5.71 26 125 195 199
Long-Term Debt Interest Expense		 - - - - - 1.13 0.34 5.19 19 7.38 2.10
Total Non-Interest Income		 73 85 91 102 108 140 142 132 108 124 131
Trust Fees by Commissions		 19 - 24 28 28 30 36 40 40 47 52
Service Charges on Deposit Accounts		 - - 19 22 22 21 21 25 25 25 25
Other Service Charges		 53 27 30 35 36 41 46 41 34 35 35
Net Realized & Unrealized Capital Gains on Investments		 0.15 1.89 16 16 19 48 34 23 6.34 14 16
Other Non-Interest Income		 1.05 56 1.13 0.94 2.09 0.86 4.04 2.84 2.06 3.01 3.59
Provision for Credit Losses		 9.69 10 6.53 5.67 2.97 20 -1.14 17 11 14 29
Total Non-Interest Expense		 149 166 174 191 197 228 242 235 238 265 293
Salaries and Employee Benefits		 81 91 95 105 112 135 142 134 132 153 175
Net Occupancy & Equipment Expense		 23 24 21 21 20 21 22 22 22 24 24
Property & Liability Insurance Claims		 3.15 2.68 2.22 2.33 1.09 1.76 3.13 3.71 7.75 6.50 6.49
Other Operating Expenses		 42 48 48 55 55 59 62 63 65 67 72
Amortization Expense		 0.56 0.74 7.55 7.29 8.32 11 13 11 11 14 17
Income Tax Expense		 31 31 27 28 33 40 44 46 44 48 56
Basic Earnings per Share		 $1.55 $1.59 $0.91 $1.11 $1.22 $1.42 $1.60 $1.64 $1.39 $1.56 $1.77
Weighted Average Basic Shares Outstanding		 64.89M 66.01M 66.13M 67.82M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Diluted Earnings per Share		 $1.54 $1.59 $0.91 $1.11 $1.21 $1.42 $1.59 $1.64 $1.39 $1.56 $1.77
Weighted Average Diluted Shares Outstanding		 64.89M 66.01M 66.13M 67.82M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Weighted Average Basic & Diluted Shares Outstanding		 64.89M 66.01M 66.13M 67.82M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Cash Dividends to Common per Share		 $0.62 $0.70 $0.75 - $0.47 $0.51 $0.58 $0.66 $0.71 $0.72 $0.75

Quarterly Income Statements for First Financial Bankshares

This table shows First Financial Bankshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 46 53 52 55 62 61 67 52 73 72 72
Consolidated Net Income / (Loss)		 46 53 52 55 62 61 67 52 73 72 72
Net Income / (Loss) Continuing Operations		 46 53 52 55 62 61 67 52 73 72 72
Total Pre-Tax Income 		56 65 64 67 76 75 82 63 90 88 87
Total Revenue		 119 130 135 139 147 149 157 161 165 167 173
Net Interest Income / (Expense)		 98 100 103 107 116 119 124 127 131 135 137
Total Interest Income		 142 149 154 160 166 167 173 180 183 183 186
Loans and Leases Interest Income		 112 117 124 130 133 131 135 140 138 135 138
Investment Securities Interest Income		 28 28 28 28 30 33 34 37 40 43 45
Federal Funds Sold and Securities Borrowed Interest Income		 1.99 4.72 2.37 2.76 3.60 3.26 4.30 2.52 4.35 4.25 3.12
Total Interest Expense		 45 49 50 53 50 48 49 53 52 48 49
Deposits Interest Expense		 39 45 48 52 49 48 49 52 51 48 49
Federal Funds Purchased and Securities Sold Interest Expense		 - 4.00 1.99 0.85 - 0.77 0.35 0.68 - 0.30 0.35
Total Non-Interest Income		 22 29 31 32 31 30 33 34 33 32 36
Trust Fees by Commissions		 11 11 12 12 13 13 13 13 14 13 14
Service Charges on Deposit Accounts		 6.52 6.25 6.01 6.43 6.31 6.18 6.13 6.45 6.14 6.08 6.26
Other Service Charges		 8.59 8.08 9.25 9.29 8.32 8.60 9.67 8.95 8.95 8.44 11
Net Realized & Unrealized Capital Gains on Investments		 -4.34 3.13 3.63 3.60 3.26 2.80 4.33 4.25 4.21 4.22 4.29
Provision for Credit Losses		 0.00 0.81 5.89 6.12 1.00 3.53 3.13 24 -2.49 2.29 4.18
Total Non-Interest Expense		 63 64 65 66 70 70 72 74 78 77 81
Salaries and Employee Benefits		 36 37 37 37 42 42 43 43 47 46 50
Net Occupancy & Equipment Expense		 5.37 5.71 5.85 6.03 6.06 6.04 6.08 5.94 5.59 5.79 5.90
Property & Liability Insurance Claims		 3.11 1.97 1.51 1.51 1.51 1.58 1.59 1.64 1.70 1.56 1.77
Other Operating Expenses		 16 16 17 17 17 17 17 19 19 19 19
Amortization Expense		 3.25 3.16 3.32 3.87 3.80 3.83 4.11 4.37 4.55 4.64 5.10
Income Tax Expense		 10 11 11 12 14 14 15 11 16 16 16
Basic Earnings per Share		 $0.31 $0.37 $0.37 $0.39 $0.43 $0.43 $0.47 $0.37 $0.50 $0.50 $0.50
Weighted Average Basic Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Diluted Earnings per Share		 $0.31 $0.37 $0.37 $0.39 $0.43 $0.43 $0.47 $0.36 $0.51 $0.50 $0.50
Weighted Average Diluted Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Weighted Average Basic & Diluted Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Cash Dividends to Common per Share		 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.19 $0.19 $0.19 $0.19 $0.22

Annual Cash Flow Statements for First Financial Bankshares

This table details how cash moves in and out of First Financial Bankshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 19 -16 116 -124 34 446 -200 -198 206 227 315
Net Cash From Operating Activities		 109 161 190 186 202 211 355 324 285 310 299
Net Cash From Continuing Operating Activities		 109 161 190 186 202 211 355 324 285 310 299
Net Income / (Loss) Continuing Operations		 100 105 120 151 165 202 228 234 199 224 254
Consolidated Net Income / (Loss)		 100 105 120 151 165 202 228 234 199 224 254
Provision For Loan Losses		 9.69 10 6.53 5.67 2.97 20 -1.14 17 11 14 29
Depreciation Expense		 11 12 13 13 12 13 13 13 13 13 14
Amortization Expense		 28 29 30 27 26 42 68 71 52 45 38
Non-Cash Adjustments to Reconcile Net Income		 0.17 -1.22 -1.22 -4.10 -3.17 -13 3.63 -5.52 9.76 4.24 6.83
Changes in Operating Assets and Liabilities, net		 -40 6.40 21 -5.87 0.40 -53 44 -5.66 0.53 9.91 -41
Net Cash From Investing Activities		 -384 -252 -398 -273 -448 -1,262 -2,612 -838 127 -737 -1,016
Net Cash From Continuing Investing Activities		 -384 -252 -398 -273 -448 -1,262 -2,612 -838 127 -737 -1,016
Purchase of Investment Securities		 -3,219 -3,807 -4,917 -3,952 -4,980 -7,663 -11,119 -5,451 -4,731 -7,382 -9,134
Sale and/or Maturity of Investments		 2,753 3,553 4,519 3,660 4,532 6,340 8,507 4,613 4,859 6,645 8,118
Net Cash From Financing Activities		 295 75 324 -37 279 1,498 2,056 316 -206 654 1,031
Net Cash From Continuing Financing Activities		 295 75 324 -37 279 1,498 2,056 316 -206 654 1,031
Net Change in Deposits		 96 288 484 -124 423 1,523 1,891 439 133 961 1,246
Repayment of Debt		 235 -170 - - - 49 - - - - -112
Repurchase of Common Equity		 - - - 0.00 0.00 -8.01 0.00 -9.45 -2.74 0.00 0.00
Payment of Dividends		 -39 -45 -49 -54 -61 -70 -80 -91 -100 -103 -106
Other Financing Activities, Net		 - - 0.25 3.86 4.29 4.72 3.99 6.22 2.13 3.16 3.38
Cash Interest Paid		 - - - - - 14 6.20 31 135 205 203
Cash Income Taxes Paid		 - - - - - 44 40 45 47 41 61

Quarterly Cash Flow Statements for First Financial Bankshares

This table details how cash moves in and out of First Financial Bankshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 148 64 -231 214 180 164 -219 -58 427 -341 -157
Net Cash From Operating Activities		 59 76 69 81 84 77 61 86 75 102 84
Net Cash From Continuing Operating Activities		 59 76 69 81 84 77 61 86 75 102 84
Net Income / (Loss) Continuing Operations		 46 53 52 55 62 61 67 52 73 72 72
Consolidated Net Income / (Loss)		 46 53 52 55 62 61 67 52 73 72 72
Provision For Loan Losses		 - 0.81 5.89 6.12 1.00 3.53 3.13 24 -2.49 2.29 4.18
Depreciation Expense		 3.29 3.22 3.23 3.47 3.50 3.50 2.96 3.87 3.32 3.57 3.54
Amortization Expense		 12 11 12 11 11 9.51 9.91 9.69 8.94 7.86 8.95
Non-Cash Adjustments to Reconcile Net Income		 5.41 1.23 1.61 1.65 -0.24 2.02 13 1.86 -10 2.12 3.12
Changes in Operating Assets and Liabilities, net		 -7.91 5.83 -5.90 2.78 7.20 -3.08 -35 -5.66 2.00 14 -7.96
Net Cash From Investing Activities		 40 -70 -222 -109 -337 -142 -223 -519 -132 -321 -74
Net Cash From Continuing Investing Activities		 40 -70 -222 -109 -337 -142 -223 -519 -132 -321 -74
Purchase of Investment Securities		 -4,161 -3,714 -908 -317 -2,443 -5,377 -387 -686 -2,685 -10,062 -228
Sale and/or Maturity of Investments		 4,201 3,645 686 208 2,107 5,235 164 167 2,553 9,741 154
Net Cash From Financing Activities		 49 57 -78 242 432 229 -57 374 485 -121 -167
Net Cash From Continuing Financing Activities		 49 57 -78 242 432 229 -57 374 485 -121 -167
Net Change in Deposits		 422 152 119 347 343 368 -18 398 499 -100 -125
Payment of Dividends		 -26 -26 -26 -26 -26 -26 -26 -27 -27 -27 -27
Other Financing Activities, Net		 0.65 1.62 0.16 0.60 0.77 0.80 0.68 1.44 0.46 0.46 0.32
Cash Interest Paid		 48 51 49 53 52 49 50 52 52 49 49
Cash Income Taxes Paid		 11 - - 12 9.93 0.00 - 18 16 0.00 25

Annual Balance Sheets for First Financial Bankshares

This table presents First Financial Bankshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 6,665 6,810 7,255 7,732 8,262 10,905 13,102 12,974 13,106 13,979 15,446
Cash and Due from Banks		 179 205 210 208 232 211 205 293 281 260 249
Federal Funds Sold		 3.81 3.13 - 0.00 3.15 - - - - 0.00 1.58
Interest Bearing Deposits at Other Banks		 90 49 163 41 48 518 324 37 255 503 827
Trading Account Securities		 2,734 2,861 3,087 3,180 3,442 4,477 6,611 5,486 4,747 4,626 5,544
Loans and Leases, Net of Allowance		 3,275 3,312 3,437 3,902 4,142 5,104 5,326 6,366 7,060 7,815 8,053
Loans and Leases		 3,317 3,357 3,486 3,954 4,195 5,171 5,389 6,442 7,149 7,913 8,158
Allowance for Loan and Lease Losses		 42 46 48 51 52 67 63 76 89 98 106
Premises and Equipment, Net		 116 123 124 133 131 142 150 153 152 152 150
Intangible Assets		 144 144 141 175 174 318 317 316 315 314 314
Other Assets		 86 86 76 91 91 133 171 323 296 309 308
Total Liabilities & Shareholders' Equity		 6,665 6,810 7,255 7,732 8,262 10,905 13,102 12,974 13,106 13,979 15,446
Total Liabilities		 5,860 5,972 6,332 6,679 7,035 9,226 11,343 11,708 11,607 12,373 13,529
Non-Interest Bearing Deposits		 1,746 1,718 2,042 2,116 2,065 2,983 3,780 4,062 3,436 3,348 3,401
Interest Bearing Deposits		 3,444 3,761 3,921 4,064 4,539 5,693 6,786 6,944 7,703 8,751 9,944
Short-Term Debt		 - - - 469 381 430 671 24 22 136 22
Other Short-Term Payables		 11 12 13 14 16 18 - - - 26 27
Long-Term Debt		 616 446 331 - - - - 619 382 61 63
Other Long-Term Liabilities		 44 36 25 15 34 102 106 60 64 51 72
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 805 838 923 1,053 1,227 1,678 1,759 1,266 1,499 1,607 1,917
Total Preferred & Common Equity		 805 838 923 1,053 1,227 1,678 1,759 1,266 1,499 1,607 1,917
Total Common Equity		 805 838 923 1,053 1,227 1,678 1,759 1,266 1,499 1,607 1,917
Common Stock		 370 373 379 444 452 671 678 679 683 691 701
Retained Earnings		 388 447 517 607 708 837 982 1,122 1,220 1,340 1,486
Treasury Stock		 0.00 -6.67 -7.15 -7.51 -8.22 -9.13 -10 -11 -12 -13 -14
Accumulated Other Comprehensive Income / (Loss)		 47 18 27 2.85 68 170 99 -535 -403 -424 -270
Other Equity Adjustments		 - 6.67 7.15 7.51 8.22 9.13 10 11 12 13 14

Quarterly Balance Sheets for First Financial Bankshares

This table presents First Financial Bankshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 13,008 12,825 12,777 13,191 13,164 13,583 14,312 14,377 14,842 15,388 15,306
Cash and Due from Banks		 225 255 208 222 263 296 233 264 237 265 285
Federal Funds Sold		 0.00 0.00 0.00 12 2.80 0.00 12 8.75 12 14 8.65
Interest Bearing Deposits at Other Banks		 221 24 180 365 103 287 682 436 402 458 287
Trading Account Securities		 5,311 5,085 4,665 4,675 4,593 4,632 4,775 4,920 5,287 5,692 5,700
Loans and Leases, Net of Allowance		 6,495 6,778 6,995 7,140 7,425 7,623 7,845 7,972 8,138 8,177 8,234
Loans and Leases		 6,576 6,778 6,995 7,229 7,520 7,723 7,946 8,075 8,244 8,285 8,347
Allowance for Loan and Lease Losses		 81 - - 90 95 100 101 103 106 108 112
Premises and Equipment, Net		 154 153 153 152 153 151 151 149 150 151 156
Intangible Assets		 315 315 315 314 314 314 314 314 314 314 314
Other Assets		 287 302 352 310 310 278 301 314 303 317 323
Total Liabilities & Shareholders' Equity		 13,008 12,825 12,777 13,191 13,164 13,583 14,312 14,377 14,842 15,388 15,306
Total Liabilities		 11,635 11,458 11,537 11,700 11,645 11,921 12,632 12,639 13,011 13,444 13,310
Non-Interest Bearing Deposits		 3,891 3,578 3,478 3,348 3,289 3,303 3,357 3,439 3,446 3,386 3,479
Interest Bearing Deposits		 7,045 7,229 7,239 7,942 8,120 8,453 9,110 9,009 9,400 9,859 9,641
Short-Term Debt		 25 28 130 27 24 26 27 22 22 22 22
Other Short-Term Payables		 24 26 26 26 26 26 26 27 27 27 32
Long-Term Debt		 608 559 622 307 139 58 57 48 51 68 54
Other Long-Term Liabilities		 42 37 41 50 48 50 56 69 65 81 83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,373 1,367 1,240 1,491 1,519 1,662 1,680 1,737 1,830 1,944 1,997
Total Preferred & Common Equity		 1,373 1,367 1,240 1,491 1,519 1,662 1,680 1,737 1,830 1,944 1,997
Total Common Equity		 1,373 1,367 1,240 1,491 1,519 1,662 1,680 1,737 1,830 1,944 1,997
Common Stock		 681 682 681 685 687 688 693 696 699 703 706
Retained Earnings		 1,150 1,175 1,199 1,247 1,274 1,304 1,376 1,415 1,440 1,530 1,571
Treasury Stock		 -11 -11 -12 -12 -12 -13 -13 -14 -14 -15 -15
Accumulated Other Comprehensive Income / (Loss)		 -458 -490 -640 -441 -442 -330 -389 -373 -309 -290 -280
Other Equity Adjustments		 11 11 12 12 12 13 13 14 14 15 15

Annual Metrics And Ratios for First Financial Bankshares

This table displays calculated financial ratios and metrics derived from First Financial Bankshares' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.78 $0.80 $0.91 $1.12 $1.22 $1.42 $1.60 $1.64 $1.39 $1.56 $1.77
Adjusted Weighted Average Basic Shares Outstanding		 132.05M 132.25M 135.15M 135.63M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Adjusted Diluted Earnings per Share		 $0.77 $0.80 $0.91 $1.11 $1.21 $1.42 $1.59 $1.64 $1.39 $1.56 $1.77
Adjusted Weighted Average Diluted Shares Outstanding		 132.05M 132.25M 135.15M 135.63M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 132.05M 132.25M 135.15M 135.63M 142.22M 142.25M 142.61M 142.70M 142.75M 142.98M 143.23M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for First Financial Bankshares

This table displays calculated financial ratios and metrics derived from First Financial Bankshares' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 143,228,602.00 143,281,930.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 143,228,602.00 143,281,930.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.50 0.50
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.86% 4.29% 6.94% 14.12% 23.10% 14.96% 16.40% 15.63% - 11.99% 10.32%
EBITDA Growth		 -20.21% -2.28% -1.05% 7.23% 26.54% 11.24% 20.72% -6.66% - 12.59% 5.66%
EBIT Growth		 -20.79% 0.97% 1.62% 11.48% 35.67% 15.84% 28.43% -6.20% - 16.86% 7.01%
NOPAT Growth		 -21.63% 1.58% 3.17% 11.61% 35.54% 14.89% 27.00% -5.50% - 16.62% 7.86%
Net Income Growth		 -21.63% 1.58% 3.17% 11.61% 35.54% 14.89% 27.00% -5.50% - 16.62% 7.86%
EPS Growth		 -26.19% 0.00% 2.78% 11.43% 38.71% 16.22% 27.03% -7.69% - 16.28% 6.38%
Operating Cash Flow Growth		 -15.94% -21.14% 20.52% 10.44% 43.83% 1.56% -10.95% 7.12% - 32.30% 36.65%
Free Cash Flow Firm Growth		 -91.18% -20.54% 68.43% 963.09% 215.60% -47.38% -118.17% -134.82% - -261.60% -225.96%
Invested Capital Growth		 -0.28% -8.99% -13.98% -12.35% -5.22% -3.38% 7.48% 9.00% - 15.32% 14.65%
Revenue Q/Q Growth		 -2.24% 8.48% 3.79% 3.66% 5.46% 1.31% 5.09% 2.98% - 1.32% 3.52%
EBITDA Q/Q Growth		 -7.02% 11.20% -1.11% 4.88% 9.72% -2.24% 7.31% -18.90% - -2.50% 0.71%
EBIT Q/Q Growth		 -7.27% 15.83% -1.91% 5.81% 12.85% -1.10% 8.76% -22.72% - -1.92% -0.41%
NOPAT Q/Q Growth		 -7.22% 16.13% -1.71% 5.38% 12.68% -1.56% 8.66% -21.59% - -2.41% 0.49%
Net Income Q/Q Growth		 -7.22% 16.13% -1.71% 5.38% 12.68% -1.56% 8.66% -21.59% - -2.41% 0.49%
EPS Q/Q Growth		 -11.43% 19.35% 0.00% 5.41% 10.26% 0.00% 9.30% -23.40% - -1.96% 0.00%
Operating Cash Flow Q/Q Growth		 -19.64% 28.80% -9.03% 17.30% 4.65% -9.05% -20.24% 41.10% - 35.73% -17.62%
Free Cash Flow Firm Q/Q Growth		 246.82% 356.08% 39.36% -7.51% -46.31% -23.96% -148.14% -77.18% - -58.89% 2.90%
Invested Capital Q/Q Growth		 -4.45% -4.07% -7.88% 3.81% 3.31% -2.20% 2.48% 5.27% - 1.61% 1.88%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 59.64% 61.14% 58.25% 58.93% 61.31% 59.16% 60.41% 47.58% - 59.48% 57.86%
EBIT Margin		 46.88% 50.05% 47.30% 48.28% 51.66% 50.43% 52.19% 39.17% - 52.63% 50.63%
Profit (Net Income) Margin		 38.48% 41.19% 39.01% 39.66% 42.37% 41.17% 42.57% 32.41% - 42.87% 41.62%
Tax Burden Percent		 82.09% 82.31% 82.47% 82.14% 82.01% 81.62% 81.55% 82.75% - 81.46% 82.19%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate		 17.91% 17.70% 17.53% 17.86% 17.99% 18.38% 18.45% 17.25% - 18.54% 17.81%
Return on Invested Capital (ROIC)		 9.93% 10.69% 10.85% 11.10% 12.59% 13.08% 14.45% 10.91% - 14.66% 14.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.93% 10.69% 10.85% 11.10% 12.59% 13.08% 14.45% 10.91% - 14.66% 14.28%
Return on Net Nonoperating Assets (RNNOA)		 3.76% 3.61% 2.82% 3.19% 2.44% 1.72% 1.03% 0.49% - 0.70% 0.56%
Return on Equity (ROE)		 13.69% 14.30% 13.67% 14.30% 15.03% 14.80% 15.48% 11.40% - 15.37% 14.84%
Cash Return on Invested Capital (CROIC)		 10.72% 19.84% 26.10% 24.25% 17.42% 16.33% 6.87% 4.68% - -0.34% 0.22%
Operating Return on Assets (OROA)		 1.77% 1.90% 1.84% 1.92% 2.10% 2.09% 2.24% 1.69% - 2.30% 2.27%
Return on Assets (ROA)		 1.45% 1.56% 1.52% 1.57% 1.72% 1.71% 1.83% 1.40% - 1.87% 1.87%
Return on Common Equity (ROCE)		 13.69% 14.30% 13.67% 14.30% 15.03% 14.80% 15.48% 11.40% - 15.37% 14.84%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.40% 13.26% 12.46% 0.00% 13.78% 14.14% 13.25% - 13.57% 13.47%
Net Operating Profit after Tax (NOPAT)		 46 53 52 55 62 61 67 52 - 72 72
NOPAT Margin		 38.48% 41.19% 39.01% 39.66% 42.37% 41.17% 42.57% 32.41% - 42.87% 41.62%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
SG&A Expenses to Revenue		 34.41% 32.70% 32.20% 31.21% 32.43% 32.33% 31.07% 30.10% - 31.02% 32.16%
Operating Expenses to Revenue		 53.12% 49.33% 48.32% 47.33% 47.66% 47.20% 45.81% 45.68% - 46.00% 46.95%
Earnings before Interest and Taxes (EBIT)		 56 65 64 67 76 75 82 63 - 88 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 71 79 78 82 90 88 95 77 - 99 100
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.82 3.12 2.78 3.18 3.21 3.06 2.96 2.63 - 2.17 2.48
Price to Tangible Book Value (P/TBV)		 3.57 3.95 3.50 3.92 3.99 3.76 3.62 3.18 - 2.59 2.95
Price to Revenue (P/Rev)		 8.60 9.36 8.34 10.11 9.35 9.01 8.69 7.84 - 6.49 7.45
Price to Earnings (P/E)		 21.27 23.29 20.94 25.52 23.05 22.19 20.95 19.85 - 15.99 18.43
Dividend Yield		 2.39% 2.21% 2.44% 1.95% 2.00% 2.00% 2.03% 2.20% - 2.58% 2.28%
Earnings Yield		 4.70% 4.29% 4.78% 3.92% 4.34% 4.51% 4.77% 5.04% - 6.25% 5.43%
Enterprise Value to Invested Capital (EV/IC)		 2.15 2.40 2.39 2.74 2.54 2.43 2.49 2.23 - 1.76 2.15
Enterprise Value to Revenue (EV/Rev)		 8.33 8.82 7.93 9.15 8.33 7.53 7.61 6.90 - 5.50 6.69
Enterprise Value to EBITDA (EV/EBITDA)		 13.30 14.32 13.13 15.39 13.90 12.66 12.70 12.12 - 9.59 11.79
Enterprise Value to EBIT (EV/EBIT)		 16.85 17.98 16.38 19.01 16.87 15.21 15.02 14.31 - 11.08 13.57
Enterprise Value to NOPAT (EV/NOPAT)		 20.60 21.95 19.92 23.11 20.52 18.54 18.36 17.47 - 13.54 16.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.39 16.58 14.52 16.86 14.81 13.81 14.87 13.71 - 11.01 12.84
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.07 11.54 8.45 10.56 14.20 14.65 37.64 49.59 - 0.00 1,067.53
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.27 0.22 0.11 0.05 0.12 0.05 0.04 0.04 - 0.05 0.04
Long-Term Debt to Equity		 0.25 0.21 0.09 0.03 0.04 0.03 0.03 0.03 - 0.04 0.03
Financial Leverage		 0.38 0.34 0.26 0.29 0.19 0.13 0.07 0.04 - 0.05 0.04
Leverage Ratio		 9.43 9.15 9.00 9.08 8.72 8.67 8.46 8.14 - 8.20 7.95
Compound Leverage Factor		 9.43 9.15 9.00 9.08 8.72 8.67 8.46 8.14 - 8.20 7.95
Debt to Total Capital		 21.23% 18.30% 9.67% 4.79% 10.92% 4.74% 3.88% 3.82% - 4.44% 3.64%
Short-Term Debt to Total Capital		 1.16% 1.47% 1.41% 1.49% 7.52% 1.53% 1.23% 1.15% - 1.10% 1.05%
Long-Term Debt to Total Capital		 20.07% 16.83% 8.26% 3.30% 3.41% 3.21% 2.66% 2.66% - 3.34% 2.59%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Common Equity to Total Capital		 78.77% 81.70% 90.33% 95.21% 89.08% 95.26% 96.12% 96.18% - 95.56% 96.36%
Debt to EBITDA		 1.31 1.09 0.53 0.27 0.60 0.25 0.20 0.21 - 0.24 0.20
Net Debt to EBITDA		 -0.43 -0.87 -0.68 -1.61 -1.72 -2.49 -1.80 -1.65 - -1.74 -1.34
Long-Term Debt to EBITDA		 1.24 1.00 0.45 0.19 0.19 0.17 0.14 0.14 - 0.18 0.14
Debt to NOPAT		 2.03 1.67 0.81 0.40 0.88 0.36 0.29 0.30 - 0.34 0.28
Net Debt to NOPAT		 -0.67 -1.33 -1.03 -2.41 -2.53 -3.64 -2.60 -2.38 - -2.45 -1.88
Long-Term Debt to NOPAT		 1.92 1.54 0.69 0.28 0.27 0.24 0.20 0.21 - 0.26 0.20
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 51 234 326 301 162 123 -59 -105 - -199 -193
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.15 4.75 6.46 5.70 3.26 2.54 -1.21 -1.99 - -4.13 -3.93
Operating Cash Flow to Interest Expense		 1.31 1.54 1.37 1.53 1.70 1.59 1.25 1.64 - 2.11 1.71
Operating Cash Flow Less CapEx to Interest Expense		 1.31 1.54 1.37 1.53 1.70 1.59 1.25 1.64 - 2.11 1.71
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 - 0.04 0.04
Fixed Asset Turnover		 3.23 3.25 3.31 3.44 3.63 3.77 3.92 4.08 - 4.31 4.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,903 1,825 1,682 1,746 1,804 1,764 1,808 1,903 - 2,034 2,072
Invested Capital Turnover		 0.26 0.26 0.28 0.28 0.30 0.32 0.34 0.34 - 0.34 0.34
Increase / (Decrease) in Invested Capital		 -5.26 -180 -273 -246 -99 -62 126 157 - 270 265
Enterprise Value (EV)		 4,099 4,387 4,011 4,787 4,586 4,292 4,509 4,237 - 3,571 4,453
Market Capitalization		 4,232 4,653 4,218 5,287 5,152 5,136 5,147 4,815 - 4,218 4,958
Book Value per Share		 $10.50 $10.44 $10.63 $11.64 $11.24 $11.75 $12.15 $12.79 - $13.57 $13.94
Tangible Book Value per Share		 $8.30 $8.24 $8.43 $9.44 $9.04 $9.56 $9.95 $10.60 - $11.38 $11.75
Total Capital		 1,903 1,825 1,682 1,746 1,804 1,764 1,808 1,903 - 2,034 2,072
Total Debt		 404 334 163 84 197 84 70 73 - 90 75
Total Long-Term Debt		 382 307 139 58 61 57 48 51 - 68 54
Net Debt		 -133 -266 -207 -500 -566 -843 -638 -578 - -647 -505
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Nonoperating Obligations (NNO)		 404 334 163 84 197 84 70 73 - 90 75
Total Depreciation and Amortization (D&A)		 15 14 15 15 14 13 13 14 - 11 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.31 $0.37 $0.37 $0.39 $0.43 $0.43 $0.47 $0.37 $0.50 $0.50 $0.50
Adjusted Weighted Average Basic Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Adjusted Diluted Earnings per Share		 $0.31 $0.37 $0.37 $0.39 $0.43 $0.43 $0.47 $0.36 $0.51 $0.50 $0.50
Adjusted Weighted Average Diluted Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 142.75M 142.84M 142.85M 142.91M 142.98M 143.05M 143.10M 143.21M 143.23M 143.28M 143.33M
Normalized Net Operating Profit after Tax (NOPAT)		 46 53 52 55 62 61 67 52 - 72 72
Normalized NOPAT Margin		 38.48% 41.19% 39.01% 39.66% 42.37% 41.17% 42.57% 32.41% - 42.87% 41.62%
Pre Tax Income Margin		 46.88% 50.05% 47.30% 48.28% 51.66% 50.43% 52.19% 39.17% - 52.63% 50.63%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.25 1.32 1.26 1.27 1.53 1.56 1.67 1.20 - 1.82 1.78
NOPAT to Interest Expense		 1.03 1.08 1.04 1.05 1.25 1.27 1.36 0.99 - 1.49 1.47
EBIT Less CapEx to Interest Expense		 1.25 1.32 1.26 1.27 1.53 1.56 1.67 1.20 - 1.82 1.78
NOPAT Less CapEx to Interest Expense		 1.03 1.08 1.04 1.05 1.25 1.27 1.36 0.99 - 1.49 1.47
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.24% 50.75% 51.08% 49.67% 46.04% 44.48% 41.92% 43.07% - 40.74% 40.50%
Augmented Payout Ratio		 51.61% 50.75% 51.08% 49.67% 46.04% 44.48% 41.92% 43.07% - 40.74% 40.50%

Financials Breakdown Chart

Key Financial Trends

First Financial Bankshares (NASDAQ: FFIN) has delivered steady growth in earnings, loans and deposits across the available quarterly data. Second-quarter 2026 revenue increased to $172.8 million from $156.6 million in the restated second quarter of 2025, while net income rose 7.9% to $71.9 million. Net interest income reached $136.9 million, up 10.7% year over year, supported by higher loan and investment-securities interest income.

The longer-term trend is also favorable. Compared with the second quarter of 2023, Q2 2026 revenue increased approximately 37%, net income rose 41%, and net loans grew 21.5% to $8.23 billion. Total assets reached $15.31 billion, up from $12.83 billion in Q2 2023, while total deposits increased to $13.12 billion from $10.81 billion. Retained earnings and total common equity have also expanded meaningfully, although accumulated other comprehensive income remains negative.

FFIN continues to generate positive operating cash flow, with $83.7 million produced in Q2 2026. That cash flow covered the company’s $27.3 million dividend payment and helped offset investment purchases and deposit-related cash outflows. However, the latest quarter also showed rising expenses and credit costs, as non-interest expense increased 13.0% year over year and the provision for credit losses rose to $4.2 million.

  • Net interest income is expanding: Q2 2026 net interest income of $136.9 million was up from $123.7 million in Q2 2025 and $103.3 million in Q2 2024, indicating improved earnings power from the bank’s earning assets.
  • Loan growth remains consistent: Gross loans and leases increased to $8.35 billion in Q2 2026 from $8.07 billion in Q2 2025 and $6.78 billion in Q2 2023.
  • Deposit growth supports funding: Total deposits reached approximately $13.12 billion in Q2 2026, up from $12.44 billion a year earlier and $10.81 billion three years earlier.
  • Earnings have maintained a positive trajectory: Quarterly net income increased from $50.9 million in Q2 2023 to $71.9 million in Q2 2026, while diluted EPS improved from $0.36 to $0.50 over the same comparison.
  • Operating cash generation remains strong: Operating cash flow was positive in every reported quarter provided, including $83.7 million in Q2 2026 and $101.6 million in Q1 2026.
  • Capital and book value have improved: Total common equity rose to $2.00 billion in Q2 2026 from $1.74 billion in Q2 2025 and $1.24 billion in Q3 2023. The accumulated other comprehensive loss also narrowed substantially from $490.3 million in Q2 2023 to $279.7 million.
  • Shareholder distributions are increasing: The quarterly dividend per share rose from $0.17 in early 2023 to $0.22 in Q2 2026, supported by continued profitability and positive operating cash flow.
  • Investment activity is sizable and volatile: FFIN recorded $227.9 million of investment-securities purchases and $154.4 million of sales or maturities in Q2 2026. The much larger transactions in Q1 2026 suggest that securities cash flows can materially affect quarterly liquidity figures.
  • Expenses are growing faster than revenue in the latest quarter: Q2 2026 non-interest expense rose to $81.1 million, up 13.0% year over year, compared with 10.3% revenue growth. Salaries and employee benefits increased to $49.7 million from $42.6 million in Q2 2025.
  • Credit provisions and funding pressure warrant monitoring: The provision for credit losses increased to $4.2 million in Q2 2026 from $3.1 million a year earlier, while the allowance for loan losses rose to $112.4 million. Q2 financing cash flow was negative $167.0 million, reflecting a $125.3 million decline in deposits and $27.3 million of dividend payments.

Overall, the statements point to a growing and profitable regional bank with improving scale, recurring operating cash flow and a rising dividend. Investors should nevertheless watch whether expense growth remains elevated, whether deposit balances stabilize and whether the recent increase in credit-loss provisions signals broader deterioration in the loan portfolio.

09/02/26 02:08 AM ETAI Generated. May Contain Errors.

First Financial Bankshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Financial Bankshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

First Financial Bankshares' net income appears to be on an upward trend, with a most recent value of $253.58 million in 2025, rising from $100.38 million in 2015. The previous period was $223.51 million in 2024. View First Financial Bankshares' forecast to see where analysts expect First Financial Bankshares to go next.

Over the last 10 years, First Financial Bankshares' total revenue changed from $290.97 million in 2015 to $631.60 million in 2025, a change of 117.1%.

First Financial Bankshares' total liabilities were at $13.53 billion at the end of 2025, a 9.3% increase from 2024, and a 130.9% increase since 2015.

In the past 10 years, First Financial Bankshares' cash and equivalents has ranged from $179.14 million in 2015 to $293.29 million in 2022, and is currently $249.47 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:FFIN last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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