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First Financial Bankshares, Inc., through its subsidiaries, provides banking services in the United States. The company offers general commercial banking services, including checking, savings and time deposits, loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and other customary commercial banking service, as well as securities brokerage services. It also provides personal trust services, such as wealth management; administration of estates, oil and gas management; farm and ranch; property management; testamentary trusts; revocable and irrevocable trusts; and agency accounts. In addition, the company offers commercial and industrial; municipal; agricultural; construction and development; farm; residential; consumer auto and non-auto; and non-owner occupied and owner occupied commercial real estate loans. Further, it provides advice and specialized services related to lending, investing, purchasing, advertising, public relations, and technology services. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $617M | - | $254M | $286M | 13.2% | 14.9% | 13.5% |
| 2024 | $537M | - | $224M | $293M | 13.9% | 12.3% | 12.3% |
| 2023 | $478M | - | $199M | $268M | 13.3% | -8.0% | -15.1% |
| 2022 | $520M | - | $234M | $308M | 18.5% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 519.83 | 478.05 | 537.04 | 617.11 |
| Operating Revenue | - | 519.83 | 478.05 | 537.04 | 617.11 |
| Selling General And Administration | - | 143.21 | 144.99 | 165.57 | 187.60 |
| Interest Income | - | 435.69 | 530.12 | 631.93 | 706.07 |
| Interest Expense | - | 31.44 | 144.26 | 202.18 | 201.59 |
| Net Interest Income | - | 404.25 | 385.86 | 429.75 | 504.48 |
| Pretax Income | - | 280.87 | 243.30 | 271.85 | 309.60 |
| Tax Provision | - | 46.40 | 44.32 | 48.34 | 56.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.33 | 0.29 | 0.08 | 0.01 |
| Net Income Continuous Operations | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Net Income From Continuing And Discontinued Operation | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Net Income From Continuing Operation Net Minority Interest | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Net Income | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Net Income Common Stockholders | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Net Income Including Noncontrolling Interests | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Normalized Income | - | 232.83 | 197.69 | 223.15 | 253.55 |
| Diluted NI Availto Com Stockholders | - | 234.48 | 198.98 | 223.51 | 253.58 |
| Basic Average Shares | - | 142.60 | 142.69 | 142.82 | 143.07 |
| Diluted Average Shares | - | 143.21 | 142.94 | 143.23 | 143.45 |
| Reconciled Depreciation | - | 12.76 | 12.58 | 13.43 | 13.65 |
| Total Unusual Items | - | 1.97 | 1.57 | 0.43 | 0.04 |
| Total Unusual Items Excluding Goodwill | - | 1.97 | 1.57 | 0.43 | 0.04 |
| Gain On Sale Of Security | - | 2.14 | -7.12 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 11.21 | 11.20 | 14.14 | 16.85 |
| Depreciation And Amortization In Income Statement | - | 11.21 | 11.20 | 14.14 | 16.85 |
| General And Administrative Expense | - | 140.38 | 142.21 | 162.70 | 184.50 |
| Other Gand A | 15.99 | - | - | - | - |
| Salaries And Wages | - | 136.67 | 134.46 | 156.20 | 178.01 |
| Insurance And Claims | - | 3.71 | 7.75 | 6.50 | 6.49 |
| Selling And Marketing Expense | - | 2.83 | 2.78 | 2.87 | 3.10 |
| Amortization | - | 11.21 | 11.20 | 14.14 | 16.85 |
| Amortization Of Intangibles Income Statement | - | 11.21 | 11.20 | 14.14 | 16.85 |
| Occupancy And Equipment | - | 22.36 | 22.31 | 23.64 | 23.64 |
| Professional Expense And Contract Services Expense | - | 12.44 | 13.59 | 15.65 | 14.25 |
| Other Non Interest Expense | - | 32.31 | 32.03 | 32.37 | 36.56 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Financial Bankshares, Inc.this co. | FFIN | $4.6B | 18.28↑ premium | 2.42 | 13.2% | - |
| Associated Banc-Corp | ASB | $5.2B | 11.04 | 1.10 | 9.9% | - |
| Selective Insurance Group, Inc. | SIGI | $5.1B | 11.04 | 1.51 | 13.7% | - |
| Nelnet, Inc. | NNI | $4.7B | 11.06 | 1.26 | 11.4% | - |
| International Bancshares Corporation | IBOC |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $4.5B |
| 11.00 |
| 1.39 |
| 12.7% |
| - |
| Texas Capital Bancshares, Inc. | TCBI | $4.5B | 13.53 | 1.34 | 9.9% | - |
| CNO Financial Group, Inc. | CNO | $4.4B | 19.18 | 1.67 | 8.7% | - |
| Eastern Bankshares, Inc. | EBC | $4.3B | 48.96 | 1.00 | 2.0% | - |
| PennyMac Financial Services, Inc. | PFSI | $4.2B | 8.45 | 0.98 | 11.6% | 43.48 |
| Peer Median | - | 11.05 | 1.30 | 10.7% | 43.48 | |