First Financial Bankshares Past Earnings Performance

Past criteria checks 5/6

First Financial Bankshares has been growing earnings at an average annual rate of 3%, while the Banks industry saw earnings growing at 18.5% annually. Revenues have been growing at an average rate of 3.6% per year. First Financial Bankshares's return on equity is 13.9%, and it has net margins of 41.6%.

Key information

3.0%

Earnings growth rate

2.5%

EPS growth rate

Banks Industry Growth	10.6%
Revenue growth rate	3.6%
Return on equity	13.9%
Net Margin	41.6%
Last Earnings Update	31 Dec 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How First Financial Bankshares makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:FI6 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 24	537	224	200
30 Sep 24	510	207	181
30 Jun 24	497	201	176
31 Mar 24	488	200	170
31 Dec 23	481	199	165
30 Sep 23	490	212	163
30 Jun 23	501	221	164
31 Mar 23	512	231	166
31 Dec 22	516	234	167
30 Sep 22	515	231	170
30 Jun 22	517	231	173
31 Mar 22	514	227	173
31 Dec 21	514	228	175
30 Sep 21	520	231	180
30 Jun 21	506	225	175
31 Mar 21	496	222	170
31 Dec 20	470	202	165
30 Sep 20	438	185	154
30 Jun 20	420	175	150
31 Mar 20	401	164	146
31 Dec 19	395	165	143
30 Sep 19	386	162	140
30 Jun 19	380	159	136
31 Mar 19	373	154	138
31 Dec 18	369	151	139
30 Sep 18	357	148	138
30 Jun 18	345	138	138
31 Mar 18	333	128	135
31 Dec 17	321	120	127
30 Sep 17	316	111	129
30 Jun 17	308	107	128
31 Mar 17	304	106	126
31 Dec 16	302	105	125
30 Sep 16	299	103	124
30 Jun 16	297	104	122
31 Mar 16	290	102	118
31 Dec 15	281	100	112
30 Sep 15	275	98	107
30 Jun 15	266	95	103
31 Mar 15	260	91	100
31 Dec 14	257	90	99
30 Sep 14	251	88	99
30 Jun 14	247	84	98
31 Mar 14	240	83	96

Quality Earnings: FI6 has high quality earnings.

Growing Profit Margin: FI6's current net profit margins (41.6%) are higher than last year (41.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FI6's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: FI6's earnings growth over the past year (12.3%) exceeds its 5-year average (3% per year).

Earnings vs Industry: FI6 earnings growth over the past year (12.3%) exceeded the Banks industry 11.5%.

Return on Equity

High ROE: FI6's Return on Equity (13.9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/07 01:27
End of Day Share Price	2025/02/07 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Financial Bankshares, Inc. is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	Baird
Michael Zaremski	Credit Suisse
David Bishop	Drexel Hamilton

First Financial Bankshares Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First Financial Bankshares, Inc. Announces Net Charge-Offs for the Fourth Quarter of 2024

Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.35 in 3Q 2023)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Second quarter 2024 earnings released: EPS: US$0.37 (vs US$0.36 in 2Q 2023)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter of 2024

Recent updates

First Financial Bankshares, Inc. Announces Net Charge-Offs for the Fourth Quarter of 2024

First Financial Bankshares, Inc. Announces Executive Changes, Effective January 1, 2025

Investor sentiment improves as stock rises 16%

Third quarter dividend of US$0.18 announced

Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.35 in 3Q 2023)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Now 21% undervalued

First Financial Bankshares, Inc Announces Election of Brian D. Goodrich as Executive Vice President and General Counsel

Upcoming dividend of US$0.18 per share

Second quarter dividend of US$0.18 announced

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Second quarter 2024 earnings released: EPS: US$0.37 (vs US$0.36 in 2Q 2023)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter of 2024

Investor sentiment improves as stock rises 17%

First Financial Bankshares Names Dan Summerford EVP, Director of Middle Market Banking

Upcoming dividend of US$0.18 per share

First Financial Bank Announces Executive Promotions

First Financial Bankshares Appoints Sally Pope Davis to Board of Directors

First quarter dividend of US$0.18 announced

First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.37 in 1Q 2023)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.37 in 1Q 2023)

Now 23% undervalued

First Financial Bankshares, Inc., Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.18 per share

Full year 2023 earnings released: EPS: US$1.39 (vs US$1.64 in FY 2022)

Now 24% undervalued

Fourth quarter dividend of US$0.18 announced

First Financial Bankshares, Inc. Appoints Daniel Neely as Senior Vice President, Treasury Sales Manager

First Financial Bankshares, Inc. Names Eric Bonnell as Senior Vice President

First Financial Bankshares, Inc. Appoints Keith Morton as Executive Vice President

Full year 2023 earnings released: EPS: US$1.39 (vs US$1.64 in FY 2022)

Now 21% undervalued

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.18 per share at 2.6% yield

Third quarter 2023 earnings released: EPS: US$0.35 (vs US$0.42 in 3Q 2022)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Third Quarter of 2023

First Financial Bankshares, Inc. Appoints Javier Jurado as Executive Vice President and Chief Audit Executive

First Financial Bankshares, Inc. Appoints Javier Jurado as Executive Vice President and Chief Audit Executive

Upcoming dividend of US$0.18 per share at 2.6% yield

Now 21% undervalued

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.36 (vs US$0.42 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.18 per share at 2.5% yield

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Independent Director recently bought €91k worth of stock

First quarter 2023 earnings released: EPS: US$0.37 (vs US$0.39 in 1Q 2022)

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 16%

EVP, CFO recently bought €101k worth of stock

Upcoming dividend of US$0.17 per share at 1.9% yield

Full year 2022 earnings released: EPS: US$1.64 (vs US$1.60 in FY 2021)

Executive VP & CFO recently bought €170k worth of stock

Independent Director recently bought €94k worth of stock

Full year 2022 earnings released: EPS: US$1.64 (vs US$1.60 in FY 2021)

First Financial Bankshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

First Financial Bankshares, Inc. Announces Chief Financial Officer Changes

Upcoming dividend of US$0.17 per share

Insufficient new directors

Investor sentiment deteriorated over the past week

Independent Director recently bought €148k worth of stock

Third quarter 2022 earnings released: EPS: US$0.42 (vs US$0.41 in 3Q 2021)

Upcoming dividend of US$0.17 per share

Second quarter 2022 earnings released: EPS: US$0.42 (vs US$0.40 in 2Q 2021)

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.17 per share