First Financial Bankshares Inc

FFIN

Equity

ISIN US32020R1095 / Valor 139253

NASDAQ (2024-10-25)

USD 36.13-2.03%

First Financial Bankshares Inc
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About company

First Financial Bankshares Inc (NASDAQ: FFIN) is a financially secure banking institution with assets totaling $7.95 billion. The company operates multiple banking regions with 73 locations and a Trust Company with eight locations, serving customers in various Texas markets.

Summarized from source with an LLMView SourceSector: Finance

Net Income

First Financial Bankshares Inc. reported net income of $53.40 million for the first quarter of 2024, compared to $52.57 million for the same quarter in 2023. Basic and diluted earnings per share remained consistent at $0.37 for both quarters ended March 31, 2024, and 2023.

Net Interest Income

Net interest income for the first quarter of 2024 was $100.24 million, an increase from $96.29 million in the first quarter of 2023. The net interest margin on a taxable equivalent basis was 3.34 percent, consistent with the first quarter of 2023.

Provision for Credit Losses

The provision for credit losses for the first quarter of 2024 was $808 thousand, a significant decrease from $2.78 million in the first quarter of 2023. The allowance for credit losses totaled $89.56 million at March 31, 2024, compared to $80.82 million at March 31, 2023.

Noninterest Income

Noninterest income for the first quarter of 2024 was $29.38 million, up from $28.01 million in the first quarter of 2023. This increase was driven by higher trust fees, which rose to $11.38 million from $9.85 million in the same period last year.

Total Assets and Loans

As of March 31, 2024, First Financial Bankshares Inc.'s total assets were $13.19 billion, compared to $13.01 billion at March 31, 2023. Loans totaled $7.23 billion at the end of the first quarter of 2024, up from $6.58 billion at the same time last year.

Summarized from source with an LLMView Source

Key figures

54.1%1Y

-28.8%3Y

3.76%5Y

Performance

32.4%1Y

32.3%3Y

36.9%5Y

Volatility