First Financial Bankshares Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

F. Dueser

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	94.5%
CEO tenure	24yrs
CEO ownership	1.1%
Management average tenure	4yrs
Board average tenure	11.8yrs

Recent management updates

Recent updates

First Financial Bankshares: Excellent Q4 Results, But The Valuation Remains A Problem

Jan 31

First Financial Bankshares, Inc. (NASDAQ:FFIN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Oct 21

First Financial Bankshares GAAP EPS of $0.42 beats by $0.02, revenue of $136.1M in-line

Jul 21

CEO Compensation Analysis

How has F. Dueser's remuneration changed compared to First Financial Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2024	n/a	n/a	US$224m
Sep 30 2024	n/a	n/a	US$207m
Jun 30 2024	n/a	n/a	US$201m
Mar 31 2024	n/a	n/a	US$200m
Dec 31 2023	US$1m	US$1m	US$199m
Sep 30 2023	n/a	n/a	US$212m
Jun 30 2023	n/a	n/a	US$221m
Mar 31 2023	n/a	n/a	US$231m
Dec 31 2022	US$3m	US$1m	US$234m
Sep 30 2022	n/a	n/a	US$231m
Jun 30 2022	n/a	n/a	US$231m
Mar 31 2022	n/a	n/a	US$227m
Dec 31 2021	US$3m	US$1m	US$228m
Sep 30 2021	n/a	n/a	US$231m
Jun 30 2021	n/a	n/a	US$225m
Mar 31 2021	n/a	n/a	US$222m
Dec 31 2020	US$2m	US$1m	US$202m
Sep 30 2020	n/a	n/a	US$185m
Jun 30 2020	n/a	n/a	US$175m
Mar 31 2020	n/a	n/a	US$164m
Dec 31 2019	US$2m	US$1m	US$165m
Sep 30 2019	n/a	n/a	US$162m
Jun 30 2019	n/a	n/a	US$159m
Mar 31 2019	n/a	n/a	US$154m
Dec 31 2018	US$1m	US$921k	US$151m

Compensation vs Market: F.'s total compensation ($USD1.24M) is below average for companies of similar size in the US market ($USD7.91M).

Compensation vs Earnings: F.'s compensation has been consistent with company performance over the past year.

CEO

F. Dueser (71 yo)

24yrs

Tenure

US$1,239,808

Compensation

Mr. F. Scott Dueser is Chairman & CEO of First Financial Bank since December 30, 2012 and was its President until January 1, 2025. Mr. Dueser was the President of First Financial Bankshares, Inc. since 200...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
F. Dueser	Chairman & CEO	24yrs	US$1.24m	1.1% $ 59.2m
Michelle Hickox	EVP, CFO	2yrs	US$1.09m	0.011% $ 575.4k
Ronald Butler	Executive VP & Chief Administrative Officer	13yrs	US$1.06m	0.11% $ 5.8m
Timothy Longhofer	Executive VP & Chief Credit Officer	1yr	US$703.64k	0.023% $ 1.2m
Kirk Thaxton	Chairman	no data	US$870.69k	0.059% $ 3.2m
David Bailey	President	no data	no data	0.0096% $ 514.1k
J. McVey	Executive VP & Chief Accounting Officer	7.6yrs	no data	0.012% $ 653.4k
John Ruzicka	Executive VP & Chief Information Officer	6.1yrs	no data	0.0061% $ 330.2k
Mike Parker	Executive VP & Chief Compliance Officer	2yrs	no data	no data
Brian Goodrich	Executive VP & General Counsel	less than a year	no data	no data
Josh Brown	Senior Vice President of Human Resources	4yrs	no data	no data
Courtney Jordan	Senior Vice President of Training & Education	14.9yrs	no data	no data

4.0yrs

Average Tenure

59.5yo

Average Age

Experienced Management: FFIN's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
F. Dueser	Chairman & CEO	34yrs	US$1.24m	1.1% $ 59.2m
Kirk Thaxton	Chairman	no data	US$870.69k	0.059% $ 3.2m
Kade Matthews	Independent Director	27yrs	US$145.50k	0.90% $ 48.4m
David Copeland	Independent Director	27yrs	US$193.25k	0.20% $ 10.7m
Johnny Trotter	Independent Director	22yrs	US$154.80k	0.71% $ 38.0m
Eli Jones	Independent Director	3yrs	US$144.25k	0.0051% $ 274.8k
April Anthony	Independent Director	11yrs	US$147.00k	0.080% $ 4.3m
Murray Edwards	Lead Independent Director	18.8yrs	US$236.90k	0.27% $ 14.4m
Ivan Lancaster	Independent Director	11.8yrs	US$191.50k	0.026% $ 1.4m
Robert Nickles	Independent Director	5.8yrs	US$166.70k	0.074% $ 4.0m
Michael Denny	Independent Director	5.8yrs	US$159.00k	0.071% $ 3.8m
Vianei Braun	Independent Director	5yrs	US$151.00k	0.0074% $ 396.9k

11.8yrs

Average Tenure

67yo

Average Age

Experienced Board: FFIN's board of directors are seasoned and experienced ( 11.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 23:43
End of Day Share Price	2025/01/31 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 here.

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 .

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 Management

Management criteria checks 4/4

Key information

Recent management updates

Chairman recently sold US$1.0m worth of stock

Chairman notifies of intention to sell stock

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

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

Chairman notifies of intention to sell stock

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

Recent updates

First Financial Bankshares: Excellent Q4 Results, But The Valuation Remains A Problem

Full year 2024 earnings: EPS exceeds analyst expectations

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

Chairman recently sold US$1.0m worth of stock

Chairman notifies of intention to sell stock

Upcoming dividend of US$0.18 per share

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

Price target increased by 8.1% to US$39.25

Investor sentiment improves as stock rises 19%

Third quarter dividend of US$0.18 announced

Price target increased by 7.4% to US$39.00

First Financial Bankshares, Inc. (NASDAQ:FFIN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint

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

First Financial Bankshares: An Outstanding Texan Bank

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

Staying The Course With First Financial Bankshares

Upcoming dividend of US$0.18 per share

Second quarter dividend of US$0.18 announced

Chairman notifies of intention to sell stock

Price target increased by 8.3% to US$33.80

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

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Investor sentiment improves as stock rises 18%

Now 18% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

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: EPS misses analyst expectations

First Financial: Buy This Hidden Gem For Regional Bank Recovery

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

First quarter 2024 earnings: EPS misses analyst expectations

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

Upcoming dividend of US$0.18 per share

First Financial Bankshares' (NASDAQ:FFIN) Dividend Will Be $0.18

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Chairman exercised options to buy US$626k worth of stock.

First Financial Bankshares' (NASDAQ:FFIN) Dividend Will Be $0.18

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

Fourth quarter dividend of US$0.18 announced

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

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

Price target increased by 8.3% to US$31.40

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

New major risk - Revenue and earnings growth

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

Now 20% undervalued after recent price drop

Price target decreased by 10% to US$27.00

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

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

Now 21% undervalued after recent price drop

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

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

Second quarter 2023 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 16%

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

Independent Director recently bought US$100k worth of stock

Price target decreased by 7.6% to US$31.58

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 8.2%

EVP, CFO recently bought US$106k worth of stock

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

Full year 2022 earnings: Revenues and EPS in line with analyst expectations