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First Financial Bankshares (FFIN) Financials

First Financial Bankshares logo
$34.21 -0.26 (-0.75%)
Closing price 05/23/2025 04:00 PM Eastern
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$34.21 0.00 (0.00%)
As of 05/23/2025 04:04 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 224 199 234 228 202 165 151 120 105 100
Consolidated Net Income / (Loss)		 224 199 234 228 202 165 151 120 105 100
Net Income / (Loss) Continuing Operations		 224 199 234 228 202 165 151 120 105 100
Total Pre-Tax Income 		272 243 281 272 242 198 178 147 136 132
Total Revenue		 551 492 533 513 490 398 375 328 312 291
Net Interest Income / (Expense)		 427 384 401 370 350 289 273 237 227 218
Total Interest Income		 629 528 433 376 364 319 292 246 232 222
Loans and Leases Interest Income		 503 406 296 272 263 225 200 167 161 152
Investment Securities Interest Income		 113 116 133 104 100 93 90 77 71 70
Federal Funds Sold and Securities Borrowed Interest Income		 13 6.01 3.70 0.74 0.95 1.89 1.63 1.68 0.34 0.21
Total Interest Expense		 202 144 31 6.04 14 30 19 9.29 5.45 4.09
Deposits Interest Expense		 195 125 26 5.71 13 27 17 8.21 4.50 3.64
Long-Term Debt Interest Expense		 7.38 19 5.19 0.34 1.13 - - - - -
Total Non-Interest Income		 124 108 132 142 140 108 102 91 85 73
Trust Fees by Commissions		 47 40 40 36 30 28 28 24 - 19
Service Charges on Deposit Accounts		 25 25 25 21 21 22 22 19 - -
Other Service Charges		 35 34 41 46 41 36 35 30 27 53
Net Realized & Unrealized Capital Gains on Investments		 14 6.34 23 34 48 19 16 16 1.89 0.15
Other Non-Interest Income		 3.01 2.06 2.84 4.04 0.86 2.09 0.94 1.13 56 1.05
Provision for Credit Losses		 14 11 17 -1.14 20 2.97 5.67 6.53 10 9.69
Total Non-Interest Expense		 265 238 235 242 228 197 191 174 166 149
Salaries and Employee Benefits		 153 132 134 142 135 112 105 95 91 81
Net Occupancy & Equipment Expense		 24 22 22 22 21 20 21 21 24 23
Property & Liability Insurance Claims		 6.50 7.75 3.71 3.13 1.76 1.09 2.33 2.22 2.68 3.15
Other Operating Expenses		 67 65 63 62 59 55 55 48 48 42
Amortization Expense		 14 11 11 13 11 8.32 7.29 7.55 0.74 0.56
Income Tax Expense		 48 44 46 44 40 33 28 27 31 31
Basic Earnings per Share		 $1.56 $1.39 $1.64 $1.60 $1.42 $1.22 $1.11 $0.91 $1.59 $1.55
Weighted Average Basic Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 67.82M 66.13M 66.01M 64.89M
Diluted Earnings per Share		 $1.56 $1.39 $1.64 $1.59 $1.42 $1.21 $1.11 $0.91 $1.59 $1.54
Weighted Average Diluted Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 67.82M 66.13M 66.01M 64.89M
Weighted Average Basic & Diluted Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 67.82M 66.13M 66.01M 64.89M
Cash Dividends to Common per Share		 $0.72 $0.71 $0.66 $0.58 $0.51 $0.47 - $0.75 $0.70 $0.62

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 61 62 55 52 53 46 50 51 53 59 59
Consolidated Net Income / (Loss)		 61 62 55 52 53 46 50 51 53 59 59
Net Income / (Loss) Continuing Operations		 61 62 55 52 53 46 50 51 53 59 59
Total Pre-Tax Income 		75 76 67 64 65 56 60 63 64 71 71
Total Revenue		 149 147 139 135 130 119 122 126 124 133 134
Net Interest Income / (Expense)		 119 116 107 103 100 98 94 96 96 104 103
Total Interest Income		 167 166 160 154 149 142 135 129 122 121 113
Loans and Leases Interest Income		 131 133 130 124 117 112 106 98 89 86 78
Investment Securities Interest Income		 33 30 28 28 28 28 28 29 31 34 34
Federal Funds Sold and Securities Borrowed Interest Income		 3.26 3.60 2.76 2.37 4.72 1.99 0.79 1.58 1.65 1.62 1.43
Total Interest Expense		 48 50 53 50 49 45 41 33 25 17 9.57
Deposits Interest Expense		 48 49 52 48 45 39 36 28 22 13 8.79
Federal Funds Purchased and Securities Sold Interest Expense		 0.77 - 0.85 1.99 4.00 - 5.04 5.51 3.41 - -
Total Non-Interest Income		 30 31 32 31 29 22 28 30 28 29 31
Trust Fees by Commissions		 13 13 12 12 11 11 10 9.88 9.85 10 10
Service Charges on Deposit Accounts		 6.18 6.31 6.43 6.01 6.25 6.52 6.51 6.31 6.04 6.40 6.40
Other Service Charges		 8.03 8.32 9.29 9.25 8.08 8.59 7.66 9.70 7.83 8.73 8.29
Net Realized & Unrealized Capital Gains on Investments		 2.80 3.26 3.60 3.63 3.13 -4.34 3.16 3.58 3.95 3.03 5.28
Other Non-Interest Income		 0.57 0.43 1.36 0.66 0.56 0.54 0.70 0.48 0.35 0.24 0.66
Provision for Credit Losses		 3.53 1.00 6.12 5.89 0.81 0.00 2.28 5.57 2.78 4.07 3.22
Total Non-Interest Expense		 70 70 66 65 64 63 60 58 57 58 59
Salaries and Employee Benefits		 42 42 37 37 37 36 33 32 31 33 34
Net Occupancy & Equipment Expense		 6.04 6.06 6.03 5.85 5.71 5.37 5.77 5.62 5.56 5.40 5.84
Property & Liability Insurance Claims		 1.58 1.51 1.51 1.51 1.97 3.11 1.57 1.42 1.65 1.02 0.92
Other Operating Expenses		 17 17 17 17 16 16 17 16 16 16 16
Amortization Expense		 3.83 3.80 3.87 3.32 3.16 3.25 2.67 2.75 2.54 2.72 2.87
Income Tax Expense		 14 14 12 11 11 10 11 12 12 12 12
Basic Earnings per Share		 $0.43 $0.43 $0.39 $0.37 $0.37 $0.31 $0.35 $0.36 $0.37 $0.41 $0.42
Weighted Average Basic Shares Outstanding		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
Diluted Earnings per Share		 $0.43 $0.43 $0.39 $0.37 $0.37 $0.31 $0.35 $0.36 $0.37 $0.42 $0.41
Weighted Average Diluted Shares Outstanding		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
Weighted Average Basic & Diluted Shares Outstanding		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
Cash Dividends to Common per Share		 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.17 $0.17 $0.17

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 227 206 -198 -200 446 34 -124 116 -16 19
Net Cash From Operating Activities		 310 285 324 355 211 202 186 190 161 109
Net Cash From Continuing Operating Activities		 310 285 324 355 211 202 186 190 161 109
Net Income / (Loss) Continuing Operations		 224 199 234 228 202 165 151 120 105 100
Consolidated Net Income / (Loss)		 224 199 234 228 202 165 151 120 105 100
Provision For Loan Losses		 14 11 17 -1.14 20 2.97 5.67 6.53 10 9.69
Depreciation Expense		 13 13 13 13 13 12 13 13 12 11
Amortization Expense		 45 52 71 68 42 26 27 30 29 28
Non-Cash Adjustments to Reconcile Net Income		 4.24 9.76 -5.52 3.63 -13 -3.17 -4.10 -1.22 -1.22 0.17
Changes in Operating Assets and Liabilities, net		 9.91 0.53 -5.66 44 -53 0.40 -5.87 21 6.40 -40
Net Cash From Investing Activities		 -737 127 -838 -2,612 -1,262 -448 -273 -398 -252 -384
Net Cash From Continuing Investing Activities		 -737 127 -838 -2,612 -1,262 -448 -273 -398 -252 -384
Purchase of Investment Securities		 -7,382 -4,731 -5,451 -11,119 -7,663 -4,980 -3,952 -4,917 -3,807 -3,219
Sale and/or Maturity of Investments		 6,645 4,859 4,613 8,507 6,340 4,532 3,660 4,519 3,553 2,753
Net Cash From Financing Activities		 654 -206 316 2,056 1,498 279 -37 324 75 295
Net Cash From Continuing Financing Activities		 654 -206 316 2,056 1,498 279 -37 324 75 295
Net Change in Deposits		 961 133 439 1,891 1,523 423 -124 484 288 96
Repayment of Debt		 -207 -238 - - 49 - - - -170 235
Repurchase of Common Equity		 0.00 -2.74 -9.45 0.00 -8.01 0.00 0.00 - - -
Payment of Dividends		 -103 -100 -91 -80 -70 -61 -54 -49 -45 -39
Other Financing Activities, Net		 3.16 2.13 6.22 3.99 4.72 4.29 3.86 0.25 - -
Cash Interest Paid		 205 135 31 6.20 14 - - - - -
Cash Income Taxes Paid		 41 47 45 40 44 - - - - -

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 164 180 214 -231 64 148 109 -167 116 -35 -100
Net Cash From Operating Activities		 77 84 81 69 76 59 73 57 96 70 96
Net Cash From Continuing Operating Activities		 77 84 81 69 76 59 73 57 96 70 96
Net Income / (Loss) Continuing Operations		 61 62 55 52 53 46 50 51 53 59 59
Consolidated Net Income / (Loss)		 61 62 55 52 53 46 50 51 53 59 59
Provision For Loan Losses		 3.53 1.00 6.12 5.89 0.81 - 2.28 5.57 2.78 4.07 3.22
Depreciation Expense		 3.50 3.50 3.47 3.23 3.22 3.29 3.02 3.19 3.07 3.17 3.15
Amortization Expense		 9.51 11 11 12 11 12 13 13 14 15 17
Non-Cash Adjustments to Reconcile Net Income		 2.02 -0.24 1.65 1.61 1.23 5.41 1.65 2.64 0.07 -3.44 0.02
Changes in Operating Assets and Liabilities, net		 -3.08 7.20 2.78 -5.90 5.83 -7.91 3.35 -19 24 -8.05 14
Net Cash From Investing Activities		 -142 -337 -109 -222 -70 40 -8.45 -26 122 188 -221
Net Cash From Continuing Investing Activities		 -142 -337 -109 -222 -70 40 -8.45 -26 122 188 -221
Purchase of Investment Securities		 -5,377 -2,443 -317 -908 -3,714 -4,161 -222 -205 -144 -1,445 -397
Sale and/or Maturity of Investments		 5,235 2,107 208 686 3,645 4,201 214 179 265 1,633 177
Net Cash From Financing Activities		 229 432 242 -78 57 49 45 -198 -102 -293 25
Net Cash From Continuing Financing Activities		 229 432 242 -78 57 49 45 -198 -102 -293 25
Net Change in Deposits		 368 343 347 119 152 422 -91 -129 -69 -137 19
Issuance of Debt		 -113 - -79 -171 -70 - 164 -45 -9.58 - -
Payment of Dividends		 -26 -26 -26 -26 -26 -26 -26 -24 -24 -24 -0.02
Other Financing Activities, Net		 0.80 0.77 0.60 0.16 1.62 0.65 0.39 0.21 0.88 0.24 1.63
Cash Interest Paid		 49 52 53 49 51 48 36 29 23 16 9.50

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 13,979 13,106 12,974 13,102 10,905 8,262 7,732 7,255 6,810 6,665
Cash and Due from Banks		 260 281 293 205 211 232 208 210 205 179
Interest Bearing Deposits at Other Banks		 503 255 37 324 518 48 41 163 49 90
Trading Account Securities		 4,626 4,747 5,486 6,611 4,477 3,442 3,180 3,087 2,861 2,734
Loans and Leases, Net of Allowance		 7,815 7,060 6,366 5,326 5,104 4,142 3,902 3,437 3,312 3,275
Loans and Leases		 7,913 7,149 6,442 5,389 5,171 4,195 3,954 3,486 3,357 3,317
Allowance for Loan and Lease Losses		 98 89 76 63 67 52 51 48 46 42
Premises and Equipment, Net		 152 152 153 150 142 131 133 124 123 116
Intangible Assets		 314 315 316 317 318 174 175 141 144 144
Other Assets		 309 296 323 171 133 91 91 76 86 86
Total Liabilities & Shareholders' Equity		 13,979 13,106 12,974 13,102 10,905 8,262 7,732 7,255 6,810 6,665
Total Liabilities		 12,373 11,607 11,708 11,343 9,226 7,035 6,679 6,332 5,972 5,860
Non-Interest Bearing Deposits		 3,348 3,436 4,062 3,780 2,983 2,065 2,116 2,042 1,718 1,746
Interest Bearing Deposits		 8,751 7,703 6,944 6,786 5,693 4,539 4,064 3,921 3,761 3,444
Short-Term Debt		 136 22 24 671 430 381 469 - - -
Long-Term Debt		 61 382 619 - - - - 331 446 616
Other Long-Term Liabilities		 77 64 60 106 102 34 15 25 36 44
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,607 1,499 1,266 1,759 1,678 1,227 1,053 923 838 805
Total Preferred & Common Equity		 1,607 1,499 1,266 1,759 1,678 1,227 1,053 923 838 805
Total Common Equity		 1,607 1,499 1,266 1,759 1,678 1,227 1,053 923 838 805
Common Stock		 691 683 679 678 671 452 444 379 373 370
Retained Earnings		 1,340 1,220 1,122 982 837 708 607 517 447 388
Treasury Stock		 -13 -12 -11 -10 -9.13 -8.22 -7.51 -7.15 -6.67 0.00
Accumulated Other Comprehensive Income / (Loss)		 -424 -403 -535 99 170 68 2.85 27 18 47
Other Equity Adjustments		 13 12 11 10 9.13 8.22 7.51 7.15 6.67 -

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 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 14,312 13,583 13,164 13,191 12,777 12,825 13,008 13,110
Cash and Due from Banks		 233 296 263 222 208 255 225 227
Federal Funds Sold		 12 0.00 2.80 12 0.00 0.00 0.00 -
Interest Bearing Deposits at Other Banks		 682 287 103 365 180 24 221 138
Trading Account Securities		 4,775 4,632 4,593 4,675 4,665 5,085 5,311 5,764
Loans and Leases, Net of Allowance		 7,845 7,623 7,520 7,140 6,995 6,778 6,495 6,181
Loans and Leases		 7,946 7,723 7,520 7,229 6,995 6,778 6,576 6,255
Allowance for Loan and Lease Losses		 101 100 - 90 - - 81 74
Premises and Equipment, Net		 151 151 153 152 153 153 154 153
Intangible Assets		 314 314 314 314 315 315 315 316
Other Assets		 301 278 310 310 352 302 287 330
Total Liabilities & Shareholders' Equity		 14,312 13,583 13,164 13,191 12,777 12,825 13,008 13,110
Total Liabilities		 12,632 11,921 11,645 11,700 11,537 11,458 11,635 11,978
Non-Interest Bearing Deposits		 3,357 3,303 3,289 3,348 3,478 3,578 3,891 4,201
Interest Bearing Deposits		 9,110 8,453 8,120 7,942 7,239 7,229 7,045 6,941
Short-Term Debt		 27 26 24 27 130 28 25 775
Other Short-Term Payables		 26 - 26 26 26 26 24 0.00
Long-Term Debt		 57 58 139 307 622 559 608 -
Other Long-Term Liabilities		 56 81 48 50 41 37 42 61
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,680 1,662 1,519 1,491 1,240 1,367 1,373 1,133
Total Preferred & Common Equity		 1,680 1,662 1,519 1,491 1,240 1,367 1,373 1,133
Total Common Equity		 1,680 1,662 1,519 1,491 1,240 1,367 1,373 1,133
Common Stock		 693 688 687 685 681 682 681 677
Retained Earnings		 1,376 1,304 1,274 1,247 1,199 1,175 1,150 1,088
Treasury Stock		 -13 -13 -12 -12 -12 -11 -11 -11
Accumulated Other Comprehensive Income / (Loss)		 -389 -330 -442 -441 -640 -490 -458 -632
Other Equity Adjustments		 13 13 12 12 12 11 11 11

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 11.98% -7.74% 4.01% 4.64% 23.22% 6.14% 14.29% 5.04% 7.22% 11.49%
EBITDA Growth		 7.07% -15.42% 3.14% 18.92% 26.17% 7.93% 14.59% 7.88% 3.42% 15.26%
EBIT Growth		 11.73% -13.38% 3.27% 12.22% 22.39% 11.14% 21.05% 8.28% 3.12% 11.15%
NOPAT Growth		 12.33% -15.14% 3.04% 12.64% 22.58% 9.41% 25.14% 14.89% 4.38% 12.08%
Net Income Growth		 12.33% -15.14% 3.04% 12.64% 22.58% 9.41% 25.14% 14.89% 4.38% 12.08%
EPS Growth		 12.23% -15.24% 3.14% 11.97% 17.36% 9.01% 25.14% 14.89% 3.25% 10.79%
Operating Cash Flow Growth		 8.71% -12.17% -8.70% 68.58% 4.06% 8.64% -2.06% 18.37% 47.35% -16.98%
Free Cash Flow Firm Growth		 58.10% -73.01% 900.38% 68.25% -480.39% 166.55% -178.26% -37.85% 189.01% -393.83%
Invested Capital Growth		 -5.22% -0.28% -21.48% 15.28% 31.07% 5.69% 21.39% -2.33% -9.64% 35.48%
Revenue Q/Q Growth		 5.28% -2.59% 0.54% 0.68% 0.00% 1.95% 3.28% 1.53% 0.31% 3.62%
EBITDA Q/Q Growth		 6.08% -5.53% 0.01% 0.57% 0.00% 2.31% 2.86% 1.86% 1.09% 2.79%
EBIT Q/Q Growth		 7.93% -5.70% 1.71% -1.66% 0.00% 2.45% 4.32% 2.35% 1.13% 2.21%
NOPAT Q/Q Growth		 7.89% -5.99% 1.44% -1.36% 0.00% 1.82% 1.55% 8.55% 1.43% 2.66%
Net Income Q/Q Growth		 7.89% -5.99% 1.44% -1.36% 0.00% 1.82% 1.55% 8.55% 1.43% 2.66%
EPS Q/Q Growth		 8.33% -7.33% 1.86% -1.85% 0.00% 1.68% 1.55% 8.55% 1.92% 4.05%
Operating Cash Flow Q/Q Growth		 9.07% -3.76% -5.65% 3.96% 0.00% 17.82% -3.96% 1.18% 12.41% -13.26%
Free Cash Flow Firm Q/Q Growth		 -28.73% 60.56% 7.11% -225.41% 85.98% -94.91% -494.12% -35.95% 1,563.66% -39.67%
Invested Capital Q/Q Growth		 3.31% -4.45% 0.05% 2.01% -0.68% 0.00% 10.57% -0.34% -7.10% 9.88%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 59.92% 62.67% 68.36% 68.94% 60.66% 59.24% 58.26% 58.11% 56.58% 58.66%
EBIT Margin		 49.36% 49.47% 52.69% 53.06% 49.48% 49.82% 47.57% 44.91% 43.57% 45.30%
Profit (Net Income) Margin		 40.58% 40.46% 43.99% 44.40% 41.25% 41.46% 40.22% 36.73% 33.58% 34.50%
Tax Burden Percent		 82.22% 81.78% 83.48% 83.67% 83.36% 83.22% 84.55% 81.78% 77.08% 76.15%
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		 17.78% 18.22% 16.52% 16.33% 16.64% 16.78% 15.46% 18.22% 22.92% 23.85%
Return on Invested Capital (ROIC)		 12.06% 10.44% 10.81% 10.03% 10.87% 10.53% 10.85% 9.49% 7.75% 8.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.06% 10.44% 10.81% 10.03% 10.87% 10.53% 10.85% 9.49% 7.75% 8.13%
Return on Net Nonoperating Assets (RNNOA)		 2.33% 3.95% 4.69% 3.21% 3.04% 3.92% 4.39% 4.19% 5.01% 5.38%
Return on Equity (ROE)		 14.39% 14.39% 15.50% 13.24% 13.91% 14.45% 15.25% 13.67% 12.76% 13.51%
Cash Return on Invested Capital (CROIC)		 17.42% 10.72% 34.88% -4.17% -16.02% 5.00% -8.47% 11.84% 17.88% -22.00%
Operating Return on Assets (OROA)		 2.01% 1.87% 2.15% 2.27% 2.53% 2.48% 2.38% 2.09% 2.02% 2.11%
Return on Assets (ROA)		 1.65% 1.53% 1.80% 1.90% 2.11% 2.06% 2.01% 1.71% 1.56% 1.60%
Return on Common Equity (ROCE)		 14.39% 14.39% 15.50% 13.24% 13.91% 14.45% 15.25% 13.67% 12.76% 13.45%
Return on Equity Simple (ROE_SIMPLE)		 13.91% 13.27% 18.52% 12.94% 12.04% 13.43% 14.30% 13.04% 12.50% 12.47%
Net Operating Profit after Tax (NOPAT)		 224 199 234 228 202 165 151 120 105 100
NOPAT Margin		 40.58% 40.46% 43.99% 44.40% 41.25% 41.46% 40.22% 36.73% 33.58% 34.50%
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		 32.13% 31.36% 29.36% 32.04% 31.83% 33.34% 33.77% 35.38% 36.75% 35.58%
Operating Expenses to Revenue		 48.13% 48.37% 44.04% 47.16% 46.54% 49.44% 50.91% 53.09% 53.16% 51.37%
Earnings before Interest and Taxes (EBIT)		 272 243 281 272 242 198 178 147 136 132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 330 308 364 353 297 235 218 190 177 171
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3.21 2.82 3.70 3.91 2.87 3.58 3.37 2.89 3.13 2.13
Price to Tangible Book Value (P/TBV)		 3.99 3.57 4.93 4.77 3.54 4.17 4.04 3.42 3.78 2.60
Price to Revenue (P/Rev)		 9.35 8.60 8.80 13.41 9.84 11.05 9.47 8.15 8.41 5.90
Price to Earnings (P/E)		 23.05 21.27 20.00 30.21 23.85 26.66 23.55 22.18 25.05 17.09
Dividend Yield		 2.00% 2.39% 2.01% 1.20% 1.50% 1.44% 1.57% 1.86% 1.76% 2.38%
Earnings Yield		 4.34% 4.70% 5.00% 3.31% 4.19% 3.75% 4.25% 4.51% 3.99% 5.85%
Enterprise Value to Invested Capital (EV/IC)		 2.54 2.15 2.62 2.89 2.14 2.79 2.47 2.10 2.19 1.45
Enterprise Value to Revenue (EV/Rev)		 8.33 8.33 9.38 13.69 9.23 11.30 10.06 8.02 9.02 7.06
Enterprise Value to EBITDA (EV/EBITDA)		 13.90 13.30 13.72 19.86 15.21 19.08 17.26 13.80 15.94 12.04
Enterprise Value to EBIT (EV/EBIT)		 16.87 16.85 17.80 25.80 18.64 22.68 21.14 17.85 20.69 15.59
Enterprise Value to NOPAT (EV/NOPAT)		 20.52 20.60 21.33 30.83 22.37 27.26 25.00 21.82 26.84 20.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.81 14.39 15.42 19.76 21.45 22.19 20.21 13.81 17.50 18.84
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.20 20.07 6.61 0.00 0.00 57.40 0.00 17.48 11.63 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.12 0.27 0.51 0.38 0.26 0.31 0.45 0.36 0.53 0.76
Long-Term Debt to Equity		 0.04 0.25 0.49 0.00 0.00 0.00 0.00 0.36 0.53 0.76
Financial Leverage		 0.19 0.38 0.43 0.32 0.28 0.37 0.40 0.44 0.65 0.66
Leverage Ratio		 8.72 9.43 8.62 6.98 6.60 7.01 7.58 7.99 8.20 8.42
Compound Leverage Factor		 8.72 9.43 8.62 6.98 6.60 7.01 7.58 7.99 8.20 8.42
Debt to Total Capital		 10.92% 21.23% 33.67% 27.62% 20.40% 23.71% 30.80% 26.40% 34.73% 43.34%
Short-Term Debt to Total Capital		 7.52% 1.16% 1.24% 27.62% 20.40% 23.71% 30.80% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 3.41% 20.07% 32.43% 0.00% 0.00% 0.00% 0.00% 26.40% 34.73% 43.34%
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		 89.08% 78.77% 66.33% 72.38% 79.60% 76.29% 69.20% 73.60% 65.27% 56.66%
Debt to EBITDA		 0.60 1.31 1.76 1.90 1.45 1.62 2.15 1.74 2.53 3.61
Net Debt to EBITDA		 -1.72 -0.43 0.86 0.40 -1.01 0.42 1.00 -0.22 1.06 1.99
Long-Term Debt to EBITDA		 0.19 1.24 1.70 0.00 0.00 0.00 0.00 1.74 2.53 3.61
Debt to NOPAT		 0.88 2.03 2.74 2.95 2.13 2.31 3.11 2.75 4.25 6.13
Net Debt to NOPAT		 -2.53 -0.67 1.33 0.63 -1.48 0.60 1.45 -0.36 1.79 3.38
Long-Term Debt to NOPAT		 0.27 1.92 2.64 0.00 0.00 0.00 0.00 2.75 4.25 6.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.40%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 323 204 757 -95 -298 78 -118 150 242 -272
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		 1.60 1.42 24.07 -15.65 -20.90 2.60 -6.21 16.18 44.36 -66.45
Operating Cash Flow to Interest Expense		 1.53 1.97 10.31 58.78 14.79 6.73 9.84 20.49 29.49 26.69
Operating Cash Flow Less CapEx to Interest Expense		 1.53 1.97 10.31 58.78 14.79 6.73 9.84 20.49 29.49 26.69
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 3.63 3.23 3.52 3.51 3.58 3.01 2.91 2.66 2.62 2.66
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,804 1,903 1,908 2,430 2,108 1,609 1,522 1,254 1,284 1,421
Invested Capital Turnover		 0.30 0.26 0.25 0.23 0.26 0.25 0.27 0.26 0.23 0.24
Increase / (Decrease) in Invested Capital		 -99 -5.26 -522 322 500 87 268 -30 -137 372
Enterprise Value (EV)		 4,586 4,099 5,001 7,016 4,519 4,492 3,766 2,627 2,813 2,055
Market Capitalization		 5,152 4,232 4,689 6,874 4,818 4,393 3,548 2,670 2,625 1,715
Book Value per Share		 $11.24 $10.50 $8.87 $12.35 $11.80 $9.03 $15.55 $13.93 $12.68 $12.20
Tangible Book Value per Share		 $9.04 $8.30 $6.66 $10.12 $9.56 $7.76 $12.97 $11.80 $10.51 $10.01
Total Capital		 1,804 1,903 1,908 2,430 2,108 1,609 1,522 1,254 1,284 1,421
Total Debt		 197 404 643 671 430 381 469 331 446 616
Total Long-Term Debt		 61 382 619 0.00 0.00 0.00 0.00 331 446 616
Net Debt		 -566 -133 312 143 -299 99 219 -43 188 339
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)		 197 404 643 671 430 381 469 331 446 616
Total Depreciation and Amortization (D&A)		 58 65 84 81 55 37 40 43 41 39
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.56 $1.39 $1.64 $1.60 $1.42 $1.22 $1.12 $0.91 $0.80 $0.78
Adjusted Weighted Average Basic Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 135.63M 135.15M 132.25M 132.05M
Adjusted Diluted Earnings per Share		 $1.56 $1.39 $1.64 $1.59 $1.42 $1.21 $1.11 $0.91 $0.80 $0.77
Adjusted Weighted Average Diluted Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 135.63M 135.15M 132.25M 132.05M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 142.98M 142.75M 142.70M 142.61M 142.25M 142.22M 135.63M 135.15M 132.25M 132.05M
Normalized Net Operating Profit after Tax (NOPAT)		 224 199 234 228 202 165 151 120 105 100
Normalized NOPAT Margin		 40.58% 40.46% 43.99% 44.40% 41.25% 41.46% 40.22% 36.73% 33.58% 34.50%
Pre Tax Income Margin		 49.36% 49.47% 52.69% 53.06% 49.48% 49.82% 47.57% 44.91% 43.57% 45.30%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.34 1.69 8.93 45.01 17.02 6.58 9.41 15.85 24.94 32.25
NOPAT to Interest Expense		 1.11 1.38 7.46 37.66 14.18 5.48 7.96 12.96 19.22 24.56
EBIT Less CapEx to Interest Expense		 1.34 1.69 8.93 45.01 17.02 6.58 9.41 15.85 24.94 32.25
NOPAT Less CapEx to Interest Expense		 1.11 1.38 7.46 37.66 14.18 5.48 7.96 12.96 19.22 24.56
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 46.04% 50.24% 38.94% 35.03% 34.81% 37.05% 35.76% 40.67% 42.86% 38.62%
Augmented Payout Ratio		 46.04% 51.61% 42.97% 35.03% 38.77% 37.05% 35.76% 40.67% 42.86% 38.62%

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.96% 23.10% 14.12% 6.94% 4.29% -9.86% -8.86% -7.56% -4.62% 2.20% 0.44%
EBITDA Growth		 11.24% 26.54% 7.23% -1.05% -2.28% -20.21% -15.97% -16.20% -9.26% 0.06% -0.80%
EBIT Growth		 15.84% 35.67% 11.48% 1.62% 0.97% -20.79% -15.44% -13.52% -3.10% 7.18% 1.23%
NOPAT Growth		 14.89% 35.54% 11.61% 3.17% 1.58% -21.63% -16.49% -15.90% -6.08% 6.02% 0.70%
Net Income Growth		 14.89% 35.54% 11.61% 3.17% 1.58% -21.63% -16.49% -15.90% -6.08% 6.02% 0.70%
EPS Growth		 16.22% 38.71% 11.43% 2.78% 0.00% -26.19% -14.63% -14.29% -5.13% 7.69% 0.00%
Operating Cash Flow Growth		 1.56% 43.83% 10.44% 20.52% -21.14% -15.94% -23.92% -20.33% 10.65% -21.75% -18.28%
Free Cash Flow Firm Growth		 -47.38% 215.60% 963.09% 68.43% -20.54% -91.18% -106.53% -17.17% 1,198.02% 317.73% 366.19%
Invested Capital Growth		 -3.38% -5.22% -12.35% -13.98% -8.99% -0.28% 4.43% -6.79% -10.75% -21.48% -19.95%
Revenue Q/Q Growth		 1.31% 5.46% 3.66% 3.79% 8.48% -2.24% -2.86% 1.22% -6.24% -1.15% -1.47%
EBITDA Q/Q Growth		 -2.24% 9.72% 4.88% -1.11% 11.20% -7.02% -3.22% -2.34% -9.20% -2.09% -3.49%
EBIT Q/Q Growth		 -1.10% 12.85% 5.81% -1.91% 15.83% -7.27% -3.55% -2.54% -9.13% -1.02% -1.35%
NOPAT Q/Q Growth		 -1.56% 12.68% 5.38% -1.71% 16.13% -7.22% -2.59% -3.22% -10.40% -1.13% -1.91%
Net Income Q/Q Growth		 -1.56% 12.68% 5.38% -1.71% 16.13% -7.22% -2.59% -3.22% -10.40% -1.13% -1.91%
EPS Q/Q Growth		 0.00% 10.26% 5.41% 0.00% 19.35% -11.43% -2.78% -2.70% -11.90% 2.44% -2.38%
Operating Cash Flow Q/Q Growth		 -9.05% 4.65% 17.30% -9.03% 28.80% -19.64% 28.01% -40.48% 37.29% -27.27% 34.05%
Free Cash Flow Firm Q/Q Growth		 -23.96% -46.31% -7.51% 39.36% 356.08% 246.82% -118.05% -34.26% -49.36% 8.65% 128.98%
Invested Capital Q/Q Growth		 -2.20% 3.31% 3.81% -7.88% -4.07% -4.45% 1.88% -2.54% 5.11% 0.05% -9.07%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 59.16% 61.31% 58.93% 58.25% 61.14% 59.64% 62.72% 62.95% 65.25% 67.38% 68.02%
EBIT Margin		 50.43% 51.66% 48.28% 47.30% 50.05% 46.88% 49.42% 49.78% 51.70% 53.34% 53.27%
Profit (Net Income) Margin		 41.17% 42.37% 39.66% 39.01% 41.19% 38.48% 40.55% 40.44% 42.29% 44.26% 44.25%
Tax Burden Percent		 81.62% 82.01% 82.14% 82.47% 82.31% 82.09% 82.04% 81.23% 81.81% 82.97% 83.07%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.38% 17.99% 17.86% 17.53% 17.70% 17.91% 17.96% 18.77% 18.19% 17.03% 16.93%
Return on Invested Capital (ROIC)		 13.08% 12.59% 11.10% 10.85% 10.69% 9.93% 10.50% 10.31% 10.48% 10.88% 10.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.08% 12.59% 11.10% 10.85% 10.69% 9.93% 10.50% 10.31% 10.48% 10.88% 10.94%
Return on Net Nonoperating Assets (RNNOA)		 1.72% 2.44% 3.19% 2.82% 3.61% 3.76% 6.75% 5.19% 5.10% 4.72% 5.43%
Return on Equity (ROE)		 14.80% 15.03% 14.30% 13.67% 14.30% 13.69% 17.26% 15.50% 15.58% 15.60% 16.37%
Cash Return on Invested Capital (CROIC)		 16.33% 17.42% 24.25% 26.10% 19.84% 10.72% 6.53% 17.96% 22.23% 34.88% 32.93%
Operating Return on Assets (OROA)		 2.09% 2.10% 1.92% 1.84% 1.90% 1.77% 1.93% 1.97% 2.07% 2.18% 2.20%
Return on Assets (ROA)		 1.71% 1.72% 1.57% 1.52% 1.56% 1.45% 1.58% 1.60% 1.69% 1.81% 1.83%
Return on Common Equity (ROCE)		 14.80% 15.03% 14.30% 13.67% 14.30% 13.69% 17.26% 15.50% 15.58% 15.60% 16.37%
Return on Equity Simple (ROE_SIMPLE)		 13.78% 0.00% 12.46% 13.26% 13.40% 0.00% 17.07% 16.20% 16.83% 0.00% 20.41%
Net Operating Profit after Tax (NOPAT)		 61 62 55 52 53 46 50 51 53 59 59
NOPAT Margin		 41.17% 42.37% 39.66% 39.01% 41.19% 38.48% 40.55% 40.44% 42.29% 44.26% 44.25%
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% 0.00%
SG&A Expenses to Revenue		 32.33% 32.43% 31.21% 32.20% 32.70% 34.41% 31.66% 29.72% 29.78% 28.94% 29.63%
Operating Expenses to Revenue		 47.20% 47.66% 47.33% 48.32% 49.33% 53.12% 48.72% 45.79% 46.07% 43.59% 44.33%
Earnings before Interest and Taxes (EBIT)		 75 76 67 64 65 56 60 63 64 71 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 88 90 82 78 79 71 77 79 81 89 91
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.06 3.21 3.18 2.78 3.12 2.82 2.82 2.90 3.22 3.70 5.05
Price to Tangible Book Value (P/TBV)		 3.76 3.99 3.92 3.50 3.95 3.57 3.79 3.77 4.17 4.93 7.01
Price to Revenue (P/Rev)		 9.01 9.35 10.11 8.34 9.36 8.60 6.94 7.68 8.37 8.80 10.80
Price to Earnings (P/E)		 22.19 23.05 25.52 20.94 23.29 21.27 16.55 17.91 19.10 20.00 24.77
Dividend Yield		 2.00% 2.00% 1.95% 2.44% 2.21% 2.39% 2.85% 2.48% 2.20% 2.01% 1.59%
Earnings Yield		 4.51% 4.34% 3.92% 4.78% 4.29% 4.70% 6.04% 5.58% 5.24% 5.00% 4.04%
Enterprise Value to Invested Capital (EV/IC)		 2.43 2.54 2.74 2.39 2.40 2.15 1.94 2.19 2.29 2.62 3.22
Enterprise Value to Revenue (EV/Rev)		 7.53 8.33 9.15 7.93 8.82 8.33 7.66 8.27 8.73 9.38 11.57
Enterprise Value to EBITDA (EV/EBITDA)		 12.66 13.90 15.39 13.13 14.32 13.30 11.85 12.54 12.92 13.72 16.83
Enterprise Value to EBIT (EV/EBIT)		 15.21 16.87 19.01 16.38 17.98 16.85 14.99 15.89 16.50 17.80 22.21
Enterprise Value to NOPAT (EV/NOPAT)		 18.54 20.52 23.11 19.92 21.95 20.60 18.27 19.31 19.91 21.33 26.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.81 14.81 16.86 14.52 16.58 14.39 13.06 13.41 13.80 15.42 17.85
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.65 14.20 10.56 8.45 11.54 20.07 30.39 11.75 9.73 6.61 8.68
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.12 0.05 0.11 0.22 0.27 0.61 0.43 0.46 0.51 0.68
Long-Term Debt to Equity		 0.03 0.04 0.03 0.09 0.21 0.25 0.50 0.41 0.44 0.49 0.00
Financial Leverage		 0.13 0.19 0.29 0.26 0.34 0.38 0.64 0.50 0.49 0.43 0.50
Leverage Ratio		 8.67 8.72 9.08 9.00 9.15 9.43 10.91 9.67 9.20 8.62 8.95
Compound Leverage Factor		 8.67 8.72 9.08 9.00 9.15 9.43 10.91 9.67 9.20 8.62 8.95
Debt to Total Capital		 4.74% 10.92% 4.79% 9.67% 18.30% 21.23% 37.73% 30.06% 31.56% 33.67% 40.61%
Short-Term Debt to Total Capital		 1.53% 7.52% 1.49% 1.41% 1.47% 1.16% 6.51% 1.44% 1.23% 1.24% 40.61%
Long-Term Debt to Total Capital		 3.21% 3.41% 3.30% 8.26% 16.83% 20.07% 31.22% 28.62% 30.33% 32.43% 0.00%
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% 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% 0.00%
Common Equity to Total Capital		 95.26% 89.08% 95.21% 90.33% 81.70% 78.77% 62.27% 69.94% 68.44% 66.33% 59.39%
Debt to EBITDA		 0.25 0.60 0.27 0.53 1.09 1.31 2.30 1.72 1.78 1.76 2.13
Net Debt to EBITDA		 -2.49 -1.72 -1.61 -0.68 -0.87 -0.43 1.11 0.91 0.52 0.86 1.12
Long-Term Debt to EBITDA		 0.17 0.19 0.19 0.45 1.00 1.24 1.91 1.64 1.71 1.70 0.00
Debt to NOPAT		 0.36 0.88 0.40 0.81 1.67 2.03 3.55 2.65 2.74 2.74 3.35
Net Debt to NOPAT		 -3.64 -2.53 -2.41 -1.03 -1.33 -0.67 1.72 1.39 0.81 1.33 1.77
Long-Term Debt to NOPAT		 0.24 0.27 0.28 0.69 1.54 1.92 2.94 2.53 2.63 2.64 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 123 162 301 326 234 51 -35 193 294 581 535
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.54 3.26 5.70 6.46 4.75 1.15 -0.85 5.84 11.66 33.97 55.85
Operating Cash Flow to Interest Expense		 1.59 1.70 1.53 1.37 1.54 1.31 1.77 1.72 3.80 4.09 10.04
Operating Cash Flow Less CapEx to Interest Expense		 1.59 1.70 1.53 1.37 1.54 1.31 1.77 1.72 3.80 4.09 10.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 3.77 3.63 3.44 3.31 3.25 3.23 3.30 3.42 3.47 3.52 3.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,764 1,804 1,746 1,682 1,825 1,903 1,992 1,955 2,006 1,908 1,907
Invested Capital Turnover		 0.32 0.30 0.28 0.28 0.26 0.26 0.26 0.26 0.25 0.25 0.25
Increase / (Decrease) in Invested Capital		 -62 -99 -246 -273 -180 -5.26 84 -142 -242 -522 -475
Enterprise Value (EV)		 4,292 4,586 4,787 4,011 4,387 4,099 3,866 4,275 4,601 5,001 6,134
Market Capitalization		 5,136 5,152 5,287 4,218 4,653 4,232 3,503 3,967 4,414 4,689 5,725
Book Value per Share		 $11.75 $11.24 $11.64 $10.63 $10.44 $10.50 $8.69 $9.58 $9.62 $8.87 $7.95
Tangible Book Value per Share		 $9.56 $9.04 $9.44 $8.43 $8.24 $8.30 $6.48 $7.37 $7.41 $6.66 $5.73
Total Capital		 1,764 1,804 1,746 1,682 1,825 1,903 1,992 1,955 2,006 1,908 1,907
Total Debt		 84 197 84 163 334 404 752 588 633 643 775
Total Long-Term Debt		 57 61 58 139 307 382 622 559 608 619 0.00
Net Debt		 -843 -566 -500 -207 -266 -133 363 309 187 312 409
Capital Expenditures (CapEx)		 0.00 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 0.00
Net Nonoperating Obligations (NNO)		 84 197 84 163 334 404 752 588 633 643 775
Total Depreciation and Amortization (D&A)		 13 14 15 15 14 15 16 17 17 19 20
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.43 $0.43 $0.39 $0.37 $0.37 $0.31 $0.35 $0.36 $0.37 $0.41 $0.42
Adjusted Weighted Average Basic Shares Outstanding		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
Adjusted Diluted Earnings per Share		 $0.43 $0.43 $0.39 $0.37 $0.37 $0.31 $0.35 $0.36 $0.37 $0.42 $0.41
Adjusted Weighted Average Diluted Shares Outstanding		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
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		 143.05M 142.98M 142.91M 142.85M 142.84M 142.75M 142.71M 142.74M 142.73M 142.70M 142.64M
Normalized Net Operating Profit after Tax (NOPAT)		 61 62 55 52 53 46 50 51 53 59 59
Normalized NOPAT Margin		 41.17% 42.37% 39.66% 39.01% 41.19% 38.48% 40.55% 40.44% 42.29% 44.26% 44.25%
Pre Tax Income Margin		 50.43% 51.66% 48.28% 47.30% 50.05% 46.88% 49.42% 49.78% 51.70% 53.34% 53.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.56 1.53 1.27 1.26 1.32 1.25 1.47 1.89 2.55 4.14 7.46
NOPAT to Interest Expense		 1.27 1.25 1.05 1.04 1.08 1.03 1.20 1.54 2.08 3.43 6.20
EBIT Less CapEx to Interest Expense		 1.56 1.53 1.27 1.26 1.32 1.25 1.47 1.89 2.55 4.14 7.46
NOPAT Less CapEx to Interest Expense		 1.27 1.25 1.05 1.04 1.08 1.03 1.20 1.54 2.08 3.43 6.20
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 44.48% 46.04% 49.67% 51.08% 50.75% 50.24% 46.53% 32.87% 40.77% 38.94% 38.27%
Augmented Payout Ratio		 44.48% 46.04% 49.67% 51.08% 50.75% 51.61% 47.82% 32.87% 40.77% 42.97% 42.35%

Frequently Asked Questions About First Financial Bankshares' Financials

When does First Financial Bankshares's fiscal year end?

According to the most recent income statement we have on file, First Financial Bankshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has First Financial Bankshares' net income changed over the last 9 years?

First Financial Bankshares' net income appears to be on an upward trend, with a most recent value of $223.51 million in 2024, rising from $100.38 million in 2015. The previous period was $198.98 million in 2023. See First Financial Bankshares' forecast for analyst expectations on what’s next for the company.

How has First Financial Bankshares revenue changed over the last 9 years?

Over the last 9 years, First Financial Bankshares' total revenue changed from $290.97 million in 2015 to $550.73 million in 2024, a change of 89.3%.

How much debt does First Financial Bankshares have?

First Financial Bankshares' total liabilities were at $12.37 billion at the end of 2024, a 6.6% increase from 2023, and a 111.1% increase since 2015.

How much cash does First Financial Bankshares have?

In the past 9 years, First Financial Bankshares' cash and equivalents has ranged from $179.14 million in 2015 to $293.29 million in 2022, and is currently $260.00 million as of their latest financial filing in 2024.

How has First Financial Bankshares' book value per share changed over the last 9 years?

Over the last 9 years, First Financial Bankshares' book value per share changed from 12.20 in 2015 to 11.24 in 2024, a change of -7.9%.


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This page (NASDAQ:FFIN) was last updated on 5/25/2025 by MarketBeat.com Staff
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