First Financial Bankshares
Market Cap
US$4.0b
Last Updated
2020/07/06 23:56 UTC
Data Sources
Company Financials +
Executive Summary
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has First Financial Bankshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FFIN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.5%
FFIN
0.8%
US Banks
4.0%
US Market
1 Year Return
-6.9%
FFIN
-28.2%
US Banks
5.0%
US Market
Return vs Industry: FFIN exceeded the US Banks industry which returned -28.2% over the past year.
Return vs Market: FFIN underperformed the US Market which returned 5% over the past year.
Shareholder returns
| FFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 0.8% | 4.0% |
| 30 Day | -14.2% | -16.5% | -1.1% |
| 90 Day | 9.4% | 7.2% | 21.1% |
| 1 Year | -5.3%-6.9% | -25.7%-28.2% | 7.2%5.0% |
| 3 Year | 37.2%30.8% | -18.1%-24.7% | 36.0%27.1% |
| 5 Year | 77.0%62.4% | 8.8%-4.4% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is First Financial Bankshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Update: First Financial Bankshares (NASDAQ:FFIN) Stock Gained 57% In The Last Five Years3 weeks ago | Simply Wall St
Is It Smart To Buy First Financial Bankshares, Inc. (NASDAQ:FFIN) Before It Goes Ex-Dividend?1 month ago | Simply Wall St
Do First Financial Bankshares's (NASDAQ:FFIN) Earnings Warrant Your Attention?Valuation
Is First Financial Bankshares undervalued compared to its fair value and its price relative to the market?
23.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FFIN ($28.38) is trading above our estimate of fair value ($20.76)
Significantly Below Fair Value: FFIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FFIN is poor value based on its PE Ratio (23.8x) compared to the Banks industry average (9.4x).
PE vs Market: FFIN is poor value based on its PE Ratio (23.8x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: FFIN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FFIN is overvalued based on its PB Ratio (2.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is First Financial Bankshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFIN's earnings are forecast to decline over the next 3 years (-0.5% per year).
Earnings vs Market: FFIN's earnings are forecast to decline over the next 3 years (-0.5% per year).
High Growth Earnings: FFIN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FFIN's revenue (0.9% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: FFIN's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FFIN's Return on Equity is forecast to be low in 3 years time (10.8%).
Next Steps
Past Performance
How has First Financial Bankshares performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFIN has high quality earnings.
Growing Profit Margin: FFIN's current net profit margins (40.8%) are lower than last year (41.4%).
Past Earnings Growth Analysis
Earnings Trend: FFIN's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: FFIN's earnings growth over the past year (6.1%) is below its 5-year average (13.2% per year).
Earnings vs Industry: FFIN earnings growth over the past year (6.1%) exceeded the Banks industry 1.8%.
Return on Equity
High ROE: FFIN's Return on Equity (10.7%) is considered low.
Next Steps
Financial Health
How is First Financial Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FFIN's Assets to Equity ratio (6.4x) is low.
Allowance for Bad Loans: FFIN has a sufficient allowance for bad loans (153%).
Low Risk Liabilities: 88% of FFIN's liabilities are made up of primarily low risk sources of funding.
Loan Level: FFIN has an appropriate level of Loans to Assets ratio (47%).
Low Risk Deposits: FFIN's Loans to Deposits ratio (64%) is appropriate.
Level of Bad Loans: FFIN has an appropriate level of bad loans (0.9%).
Next Steps
Dividend
What is First Financial Bankshares's current dividend yield, its reliability and sustainability?
1.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFIN's dividend (1.83%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FFIN's dividend (1.83%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Stability and Growth of Payments
Stable Dividend: FFIN's dividends per share have been stable in the past 10 years.
Growing Dividend: FFIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.2%), FFIN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFIN's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
F. Dueser (67yo)
19.5yrs
Tenure
US$1,946,359
Compensation
Mr. F. Scott Dueser has been the President and Chief Executive Officer of First Financial Bankshares, Inc. since 2001. He has been the Chairman of First Financial Bankshares, Inc. since January 1, 2008 and ...
CEO Compensation Analysis
Compensation vs Market: F.'s total compensation ($USD1.95M) is below average for companies of similar size in the US market ($USD5.83M).
Compensation vs Earnings: F.'s compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.5yrs | US$1.95m | 1.46% $58.6m | |
| Executive VP | 17.33yrs | US$938.90k | 0.086% $3.5m | |
| Executive VP & Chief Administrative Officer | 8.5yrs | US$833.91k | 0.087% $3.5m | |
| Chairman | no data | US$629.49k | 0.064% $2.6m | |
| Executive VP & Chief Lending Officer | no data | US$740.79k | 0.095% $3.8m | |
| Senior VP & Chief Accounting Officer | 3.08yrs | no data | 0.0058% $233.5k | |
| Executive VP & Chief Information Officer | 1.58yrs | no data | 0.0033% $131.0k | |
| Senior VP & Chief Compliance Officer | 2.42yrs | no data | no data | |
| Senior Vice President of Marketing & Advertising | 1.17yrs | no data | no data | |
| Executive Vice President of Human Resources | 0.083yr | no data | no data |
2.8yrs
Average Tenure
60yo
Average Age
Experienced Management: FFIN's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.5yrs | US$1.95m | 1.46% $58.6m | |
| Chairman | no data | US$629.49k | 0.064% $2.6m | |
| Chairman | 2.5yrs | no data | no data | |
| Independent Director | 22.5yrs | US$104.25k | 0.91% $36.3m | |
| Independent Director | 22.5yrs | US$140.60k | 0.24% $9.7m | |
| Independent Director | 17.5yrs | US$116.70k | 0.65% $26.1m | |
| Lead Independent Director | 10.42yrs | US$127.75k | 0.22% $9.0m | |
| Independent Director | 5.5yrs | US$112.00k | 0.058% $2.3m | |
| Independent Director | 14.25yrs | US$149.50k | 0.26% $10.5m | |
| Independent Director | 7.25yrs | US$130.50k | 0.021% $842.3k |
12.5yrs
Average Tenure
66yo
Average Age
Experienced Board: FFIN's board of directors are seasoned and experienced ( 12.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FFIN insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.
Top Shareholders
Company Information
First Financial Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Financial Bankshares, Inc.
- Ticker: FFIN
- Exchange: NasdaqGS
- Founded: 1890
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$4.005b
- Shares outstanding: 141.12m
- Website: https://www.ffin.com
Number of Employees
Location
- First Financial Bankshares, Inc.
- 400 Pine Street
- PO Box 701
- Abilene
- Texas
- 79601
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FFIN | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 1993 |
| FI6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1993 |
Biography
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations. It also provides drive-in and night deposit, remote deposit capture, Internet and mobile banking, payroll card, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administer retirement and employee benefit accounts, such as 401(k) profit sharing plans and IRAs. Further, the company provides asset management and technology services. As of January 1, 2020, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/06 23:56 |
| End of Day Share Price | 2020/07/06 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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 here.