NASDAQ : FFIN
First Financial Bankshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 30.75 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.38B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 582.60M | 544.26M | 502.94M | 405.94M | 296.11M | 271.64M |
| Interest Income on Investments | 158.22M | 158.22M | 125.97M | 122.13M | 136.74M | 104.77M |
| Total Interest Income | 740.82M | 702.48M | 628.92M | 528.07M | 432.85M | 376.40M |
| Interest Paid on Deposits | 197.14M | 199.50M | 194.80M | 124.83M | 26.25M | 5.71M |
| Interest Paid on Borrowings | 2.10M | 2.10M | 7.38M | 19.43M | 5.19M | 337.00K |
| Total Interest Expense | 199.24M | 201.59M | 202.18M | 144.26M | 31.44M | 6.04M |
| Net Interest Income | 541.58M | 500.89M | 426.74M | 383.81M | 401.41M | 370.36M |
| Trust Income | 55.33M | 51.86M | 47.45M | 40.46M | 39.99M | 36.15M |
| Gain (Loss) on Sale of Assets | -375.00K | 6.00K | 484.00K | 1.52M | 520.00K | 210.00K |
| Gain (Loss) on Sale of Investments | -9.00K | -7.12M | 2.14M | 815.00K | ||
| Other Non-Interest Income | 36.77M | 35.72M | 35.40M | 33.18M | 43.98M | 48.04M |
| Total Non-Interest Income | 136.93M | 130.72M | 123.99M | 108.00M | 131.66M | 142.18M |
| Revenues Before Loan Losses | 678.50M | 631.60M | 550.73M | 491.81M | 533.08M | 512.54M |
| Provision for Loan Losses | 6.02M | 28.61M | 13.82M | 10.63M | 17.43M | -1.14M |
| Revenue | 672.48M | 602.99M | 536.91M | 481.18M | 515.65M | 513.68M |
| Salaries and Employee Benefits | 174.44M | 158.94M | 140.63M | 120.38M | 123.04M | 131.82M |
| Occupancy Expenses | 14.65M | 14.32M | 14.58M | 13.77M | 13.31M | 13.01M |
| Federal Deposit Insurance | 6.73M | 6.49M | 6.50M | 7.75M | 3.71M | 3.13M |
| Amortization of Goodwill & Intangibles | 19.39M | 16.85M | 14.14M | 11.20M | 11.21M | 12.73M |
| Selling, General & Administrative | 39.14M | 36.32M | 32.08M | 31.10M | 30.28M | 30.03M |
| Other Non-Interest Expense | 62.23M | 60.47M | 57.13M | 53.69M | 53.23M | 50.98M |
| Total Non-Interest Expense | 316.58M | 293.39M | 265.06M | 237.88M | 234.78M | 241.71M |
| EBT Excluding Unusual Items | 355.90M | 309.60M | 271.85M | 243.30M | 280.87M | 271.97M |
| Pretax Income | 355.90M | 309.60M | 271.85M | 243.30M | 280.87M | 271.97M |
| Income Tax Expense | 64.85M | 56.02M | 48.34M | 44.32M | 46.40M | 44.41M |
| Net Income | 291.05M | 253.58M | 223.51M | 198.98M | 234.47M | 227.56M |
| Net Income to Common | 291.05M | 253.58M | 223.51M | 198.98M | 234.47M | 227.56M |
| Basic Shares Outstanding | 143.25M | 143.07M | 142.82M | 142.69M | 142.60M | 142.29M |
| Diluted Shares Outstanding | 143.69M | 143.45M | 143.23M | 142.94M | 143.21M | 143.13M |
| EPS (Basic) | 2.03 | 1.77 | 1.56 | 1.39 | 1.64 | 1.60 |
| EPS (Diluted) | 2.02 | 1.77 | 1.56 | 1.39 | 1.64 | 1.59 |
| Dividend Per Share | 0.82 | 0.75 | 0.72 | 0.71 | 0.66 | 0.58 |
| Effective Tax Rate | 18.22% | 18.09% | 17.78% | 18.22% | 16.52% | 16.33% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 181.69M | 257.24M | 763.41M | 536.59M | 330.68M | 528.59M |
| Investment Securities | 5.68B | 1.94B | 1.84B | 2.11B | 2.51B | 2.98B |
| Trading Asset Securities | 579.00K | 322.00K | 427.00K | 485.00K | 1.28M | |
| Mortgage-Backed Securities | 3.60B | 2.80B | 2.65B | 2.99B | 3.62B | |
| Total Investments | 5.68B | 5.54B | 4.64B | 4.76B | 5.50B | 6.60B |
| Gross Loans | 8.54B | 8.16B | 7.91B | 7.15B | 6.44B | 5.39B |
| Allowance for Loan Losses | -113.89M | -105.54M | -98.33M | -88.73M | -75.83M | -63.47M |
| Net Loans | 8.42B | 8.05B | 7.81B | 7.06B | 6.37B | 5.33B |
| Property, Plant & Equipment | 158.82M | 149.99M | 151.90M | 151.79M | 152.97M | 149.76M |
| Goodwill | 313.48M | 313.48M | 313.48M | 313.48M | 313.48M | 313.48M |
| Other Intangible Assets | 43.00K | 171.00K | 523.00K | 1.14M | 2.05M | 3.30M |
| Loans Held for Sale | 25.52M | 29.99M | 8.23M | 14.25M | 11.96M | 37.81M |
| Restricted Cash | 820.75M | |||||
| Other Real Estate Owned & Foreclosed | 3.28M | 479.00K | 871.00K | 483.00K | 2.48M | |
| Other Long-Term Assets | 374.27M | 283.82M | 283.70M | 268.26M | 295.08M | 137.97M |
| Total Assets | 15.16B | 15.45B | 13.98B | 13.11B | 12.97B | 13.10B |
| Interest Bearing Deposits | 9.60B | 9.59B | 8.39B | 7.33B | 6.75B | 6.63B |
| Institutional Deposits | 352.99M | 360.99M | 370.50M | 194.54M | 151.34M | |
| Non-Interest Bearing Deposits | 3.55B | 3.40B | 3.35B | 3.44B | 4.06B | 3.78B |
| Total Deposits | 13.15B | 13.35B | 12.10B | 11.14B | 11.01B | 10.57B |
| Short-Term Borrowings | 64.94M | 84.77M | 197.02M | 404.37M | 642.51M | 671.30M |
| Current Portion of Leases | 378.00K | |||||
| Other Current Liabilities | 27.42M | 25.89M | 25.84M | 24.35M | 21.44M | |
| Long-Term Leases | 1.03M | |||||
| Other Long-Term Liabilities | 117.22M | 70.03M | 50.77M | 38.19M | 35.96M | 84.01M |
| Total Liabilities | 13.33B | 13.53B | 12.37B | 11.61B | 11.71B | 11.34B |
| Common Stock | 1.83B | 1.43M | 1.43M | 1.43M | 1.43M | 1.43M |
| Additional Paid-In Capital | 699.63M | 689.34M | 681.25M | 677.59M | 676.87M | |
| Retained Earnings | 1.49B | 1.34B | 1.22B | 1.12B | 981.67M | |
| Treasury Stock | -14.27M | -12.90M | -11.86M | -11.04M | -10.09M | |
| Comprehensive Income & Other | -255.67M | -411.38M | -391.44M | -524.19M | 109.34M | |
| Shareholders' Equity | 1.83B | 1.92B | 1.61B | 1.50B | 1.27B | 1.76B |
| Total Liabilities & Equity | 15.16B | 15.45B | 13.98B | 13.11B | 12.97B | 13.10B |
| Total Debt | 64.94M | 86.18M | 197.02M | 404.37M | 642.51M | 671.30M |
| Net Cash (Debt) | 409.53M | 171.64M | 566.72M | 132.65M | -311.34M | -141.43M |
| Net Cash Per Share | 2.85 | 1.20 | 3.96 | 0.93 | -2.17 | -0.99 |
| Filing Date Shares Outstanding | 143.34M | 142.29M | 142.05M | 141.82M | 141.77M | 141.67M |
| Total Common Shares Outstanding | 143.34M | 142.28M | 142.01M | 141.79M | 141.73M | 141.60M |
| Book Value Per Share | 12.79 | 13.48 | 11.31 | 10.57 | 8.93 | 12.42 |
| Tangible Book Value | 1.52B | 1.60B | 1.29B | 1.18B | 950.20M | 1.44B |
| Tangible Book Value Per Share | 10.60 | 11.27 | 9.10 | 8.35 | 6.70 | 10.19 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 253.58M | 223.51M | 198.98M | 234.47M | 227.56M | |
| Depreciation & Amortization | -2.85M | -96.00K | 2.29M | 2.80M | 1.94M | |
| Other Amortization | 16.50M | 13.52M | 10.29M | 9.96M | 11.12M | |
| Gain (Loss) on Sale of Investments | 38.01M | 44.30M | 57.89M | 66.67M | 67.09M | |
| Provision for Credit Losses | 28.61M | 13.82M | 10.63M | 17.43M | -1.14M | |
| Change in Other Net Operating Assets | -41.27M | 9.91M | 529.00K | -5.66M | 43.73M | |
| Other Operating Activities | -548.00K | -620.00K | -359.00K | -4.21M | 3.53M | |
| Operating Cash Flow | 299.44M | 309.64M | 284.82M | 324.27M | 355.15M | |
| Capital Expenditures | -13.44M | -16.72M | -17.25M | -15.78M | -19.20M | |
| Sale of Property, Plant and Equipment | 3.07M | 1.90M | 3.77M | 1.19M | 823.00K | |
| Investment in Securities | -738.88M | 43.65M | 849.20M | 226.52M | -2.38B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -266.98M | -765.70M | -708.43M | -1.05B | -211.79M | |
| Investing Cash Flow | -1.02B | -736.88M | 127.29M | -838.00M | -2.61B | |
| Short-Term Debt Issued | 241.06M | |||||
| Total Debt Issued | 241.06M | |||||
| Short-Term Debt Repaid | -112.38M | -207.06M | -238.43M | -28.64M | ||
| Total Debt Repaid | -112.38M | -207.06M | -238.43M | -28.64M | ||
| Net Debt Issued (Repaid) | -112.38M | -207.06M | -238.43M | -28.64M | 241.06M | |
| Issuance of Common Stock | 3.38M | 3.16M | 2.13M | 6.21M | 3.98M | |
| Repurchase of Common Stock | -2.74M | -9.45M | ||||
| Common Dividends Paid | -106.00M | -102.91M | -99.97M | -91.31M | -79.71M | |
| Net Increase (Decrease) in Deposit Accounts | 1.25B | 960.87M | 132.79M | 439.02M | 1.89B | |
| Financing Cash Flow | 1.03B | 654.06M | -206.20M | 315.82M | 2.06B | |
| Net Cash Flow | 314.57M | 226.82M | 205.91M | -197.91M | -200.50M | |
| Free Cash Flow | 286.01M | 292.92M | 267.57M | 308.49M | 335.95M | |
| Free Cash Flow Margin | 47.43% | 54.56% | 55.61% | 59.82% | 65.40% | |
| Free Cash Flow Per Share | 1.99 | 2.04 | 1.87 | 2.15 | 2.35 | |
| Cash Interest Paid | 202.83M | 205.48M | 135.17M | 30.54M | 6.20M | |
| Cash Income Tax Paid | 61.13M | 41.10M | 46.68M | 45.43M | 39.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.48B | 4.25B | 5.12B | 4.30B | 4.87B | 7.20B |
| Last Close Price | 31.44 | 29.29 | 34.58 | 28.45 | 31.53 | 45.84 |
| PE Ratio | 15.56 | 16.76 | 22.90 | 21.59 | 20.79 | 31.62 |
| PS Ratio | 6.66 | 7.05 | 9.53 | 8.93 | 9.45 | 14.01 |
| PB Ratio | 2.46 | 2.22 | 3.19 | 2.87 | 3.85 | 4.09 |
| P/FCF Ratio | 13.76 | 14.86 | 17.47 | 16.06 | 15.80 | 21.42 |
| P/OCF Ratio | 12.91 | 14.19 | 16.53 | 15.08 | 15.03 | 20.26 |
| Debt / Equity Ratio | 0.04 | 0.04 | 0.12 | 0.27 | 0.51 | 0.38 |
| Debt / FCF Ratio | 0.30 | 0.67 | 1.51 | 2.08 | 2.00 | |
| Net Debt / Equity Ratio | -0.22 | -0.09 | -0.35 | -0.09 | 0.25 | 0.08 |
| Net Debt / FCF Ratio | -0.60 | -1.94 | -0.50 | 1.01 | 0.42 | |
| Return on Equity (ROE) | 15.89% | 14.39% | 14.39% | 14.39% | 15.50% | 13.24% |
| Return on Assets (ROA) | 1.94% | 1.72% | 1.65% | 1.53% | 1.80% | 1.90% |
| Earnings Yield | 6.42% | 5.97% | 4.37% | 4.63% | 4.81% | 3.16% |
| FCF Yield | 7.27% | 6.73% | 5.72% | 6.23% | 6.33% | 4.67% |
| Dividend Yield | 2.80% | 2.51% | 2.00% | 2.34% | 1.92% | 1.14% |
| Payout Ratio | 40.60% | 41.80% | 46.04% | 50.24% | 38.94% | 35.03% |
| Buyback Yield / Dilution | -0.18% | -0.15% | -0.21% | 0.19% | -0.05% | -0.41% |
| Total Shareholder Return | 2.62% | 2.36% | 1.79% | 2.53% | 1.87% | 0.73% |