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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 519.83 | 478.05 | 537.04 | 617.11 |
| Pretax Income | 280.87 | 243.30 | 271.85 | 309.60 |
| Tax Provision | 46.40 | 44.32 | 48.34 | 56.02 |
| Net Income | 234.47 | 198.98 | 223.51 | 253.58 |
| Net Income Common Stockholders | 234.47 | 198.98 | 223.51 | 253.58 |
| Interest Expense | 31.44 | 144.26 | 202.18 | 201.59 |
| Interest Income | 435.69 | 530.12 | 631.93 | 706.07 |
| Selling General And Administration | 143.21 | 144.99 | 165.57 | 187.59 |
| Normalized Income | 232.83 | 197.69 | 223.15 | 253.55 |
| Basic EPS | 1.64 | 1.39 | 1.56 | 1.77 |
| Diluted EPS | 1.64 | 1.39 | 1.56 | 1.77 |
| Tax Effect Of Unusual Items | 0.33 | 0.29 | 0.08 | 0.01 |
| Tax Rate For Calcs | 0.17 | 0.18 | 0.18 | 0.18 |
| Total Unusual Items | 1.97 | 1.57 | 0.43 | 0.04 |
| Total Unusual Items Excluding Goodwill | 1.97 | 1.57 | 0.43 | 0.04 |
| Net Income From Continuing Operation Net Minority Interest | 234.47 | 198.98 | 223.51 | 253.58 |
| Reconciled Depreciation | 12.76 | 12.58 | 13.43 | 13.65 |
| Net Interest Income | 404.25 | 385.86 | 429.75 | 504.48 |
| Net Income From Continuing And Discontinued Operation | 234.47 | 198.98 | 223.51 | 253.58 |
| Diluted Average Shares | 143.21 | 142.94 | 143.23 | 143.45 |
| Basic Average Shares | 142.60 | 142.69 | 142.82 | 143.07 |
| Diluted NI Availto Com Stockholders | 234.47 | 198.98 | 223.51 | 253.58 |
| Net Income Including Noncontrolling Interests | 234.47 | 198.98 | 223.51 | 253.58 |
| Net Income Continuous Operations | 234.47 | 198.98 | 223.51 | 253.58 |
| 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 |
| Amortization | 11.21 | 11.20 | 14.14 | 16.85 |
| Amortization Of Intangibles Income Statement | 11.21 | 11.20 | 14.14 | 16.85 |
| Selling And Marketing Expense | 2.83 | 2.78 | 2.87 | 3.10 |
| General And Administrative Expense | 140.38 | 142.21 | 162.69 | 184.50 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 3.71 | 7.75 | 6.50 | 6.49 |
| Salaries And Wages | 136.67 | 134.46 | 156.20 | 178.01 |
| Operating Revenue | 519.83 | 478.05 | 537.04 | 617.11 |
| 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 | 17.30↑ premium | 2.36 | 13.2% | - |
| Selective Insurance Group, Inc. | SIGI | $5.1B | 11.58 | 1.50 | 12.9% | 8.65 |
| PennyMac Financial Services, Inc. | PFSI | $4.6B | 9.59 | 1.08 | 11.6% | - |
| Miami International Holdings, Inc. | MIAX | $4.5B | - | 4.63 | -7.9% | 28.06 |
| International Bancshares Corporation |
| IBOC |
| $4.4B |
| 10.75 |
| 1.36 |
| 12.7% |
| - |
| Texas Capital Bancshares, Inc. | TCBI | $4.3B | 13.26 | 1.31 | 9.1% | - |
| Lemonade, Inc. | LMND | $4.3B | - | 7.97 | -31.0% | -33.42 |
| Eastern Bankshares, Inc. | EBC | $4.3B | 10.99 | 1.03 | 2.0% | - |
| CNO Financial Group, Inc. | CNO | $4.2B | 19.42 | 1.60 | 8.7% | 7.53 |
| Peer Median | - | 11.29 | 1.43 | 8.9% | 8.09 | |