First Financial Bankshares Inc

Latest Results (03.04.2026):

First Financial Bankshares, Inc. reported results for the fourth quarter of 2025 showing a record quarterly net income of $73.31 million (diluted EPS $0.51), up from $62.32 million a year earlier and $52.27 million in Q3 2025. For the year ended December 31, 2025 the company reported net income of $253.58 million, or $1.77 per diluted share, a 13.45% increase versus 2024. Management highlighted strong deposit growth and roughly $1.5 billion of organic balance-sheet growth in 2025 that supports future loan and securities growth.

Earnings

Q4 2025 net income: $73.31M; diluted EPS $0.51 (vs. $0.43 in Q4 2024 and $0.36 in Q3 2025). Full-year 2025 net income: $253.58M, diluted EPS $1.77 (up 13.45% vs. 2024).

Net interest income & margin

Q4 net interest income: $131.37M. Tax-equivalent net interest margin was 3.81% in Q4 2025 (3.80% Q3 2025; 3.67% Q4 2024). Average interest-earning assets in Q4 were $14.08B; full-year net interest income was $500.89M and full-year NIM 3.79%.

Deposits and loans

Total deposits and repurchase agreements were $13.41B at December 31, 2025 (up $511.6M vs. Sept. 30, 2025 and $1.25B vs. Dec. 31, 2024). Loans held-for-investment were $8.16B at year-end, a 3.10% increase versus Dec. 31, 2024. Consolidated total assets were $15.45B.

Credit quality & provisions

The Company recorded a $2.49M provision reversal in Q4 (vs. a $24.44M provision in Q3 2025). Full-year provision for credit losses was $28.61M (2024: $13.82M). Allowance for credit losses totaled $105.54M (1.29% of loans). Q4 net charge-offs were minimal at $0.39M, and nonperforming assets were 0.69% of loans and foreclosed assets.

Noninterest income

Q4 noninterest income was $33.35M (up vs. Q4 2024). Mortgage income increased to $4.22M and trust fee income rose to $13.51M, supported by assets under management of $11.94B at year-end (vs. $10.83B a year earlier).

Expenses & efficiency

Q4 noninterest expense was $77.65M; salary, commissions and employee benefits rose to $47.23M reflecting merit increases, profit sharing and incentive accruals. The efficiency ratio improved to 46.10% in Q4 2025 (46.81% in Q4 2024).

Capital & balance-sheet strength

Shareholders’ equity was $1.92B at December 31, 2025 (up from $1.61B a year earlier), helped by retained earnings and improved OCI as unrealized securities losses (net of tax) declined to $269.94M from $424.29M. Capital ratios remain strong (Common Equity Tier 1 was 19.99% at quarter-end).