First Financial Bankshares, Inc.

NasdaqGS:FFIN Stock Report

Market Cap: US$5.0b

First Financial Bankshares Past Earnings Performance

Past criteria checks 3/6

First Financial Bankshares has been growing earnings at an average annual rate of 2.2%, while the Banks industry saw earnings growing at 4% annually. Revenues have been growing at an average rate of 4% per year. First Financial Bankshares's return on equity is 13.5%, and it has net margins of 42.2%.

Key information

2.23%

Earnings growth rate

2.10%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate3.95%
Return on equity13.47%
Net Margin42.22%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Seeking Alpha • Aug 14

First Financial Bankshares: Lofty Valuation Continues To Weigh

Summary First Financial Bankshares (FFIN) has been a disappointing performer over the past year, entirely missing out on the banking industry's large rally. FFIN's operating performance hasn't been poor. Revenue, earnings and book value have all grown nicely, but the stock has been hampered by valuation changes. With around 40% of its interest-earning assets invested in relatively low-yielding bonds, repricing should be an ongoing tailwind for FFIN's net interest income. FFIN's credit metrics are benign, and there's no evidence that last year's misstep was anything more than an isolated incident. Multiple contraction remains a risk. Despite strong fundamentals, FFIN's valuation remains rich versus Texas peers. Read the full article on Seeking Alpha
Seeking Alpha • Apr 24

First Financial Bankshares: Looking A Little More Interesting

Summary Texas's First Financial Bankshares has seen mixed trends since my last piece in January, with earnings looking good but the stock falling due to economic fears. This is one of the most profitable banks I cover, and for a number of reasons, I think it could outperform in a downturn as well. While the stock is slightly cheaper than it was last time I covered it, the valuation still leaves me neutral overall. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

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

Summary First Financial Bankshares has been a relatively soft performer since my opening piece last year, trailing the wider small bank space as well as other Texan banks. Fourth quarter results were strong, with the bank reporting a 1.8% return on assets and an 18.8% return on tangible equity. Having lagged when interest rates were rising, First Financial now enjoys above-average NIM prospects going forward, with that pointing to solid growth in 2025. The valuation remains a sticking point, though, with these shares trading at a significant premium to peers. Read the full article on Seeking Alpha
Seeking Alpha • Sep 19

First Financial Bankshares: An Outstanding Texan Bank

Summary Shares of Texas-based First Financial Bankshares have been an excellent long-term investment, outperforming the wider regional bank space and the S&P 500. First Financial has an outstanding deposit base and enjoys a clear funding cost advantage. A sub-50% efficiency ratio further contributes to well above-average profitability. These shares look expensive at ~25x EPS. While there are mitigating circumstances that go some way to justifying this, I think the stock will struggle to deliver 10%-plus annualized returns. Read the full article on Seeking Alpha
Seeking Alpha • Sep 08

Staying The Course With First Financial Bankshares

Summary First Financial Bankshares has shown improvements in deposits and loans, with deposits rising to $11.41 billion and loans to $7.42 billion in Q2 2024. Despite improvements, uninsured deposit exposure remains high at 46.1%, and the stock is still expensive relative to earnings and book value. Net interest income increased to $196.8 million, driven by higher interest-earning assets and an improved net interest margin, while non-interest income also grew. Although the business is high-quality, the current trading multiple is too high to justify a 'buy' rating; maintaining a 'hold' rating is prudent. Read the full article on Seeking Alpha
Seeking Alpha • May 03

First Financial: Buy This Hidden Gem For Regional Bank Recovery

Summary Regional banks, including First Financial Bankshares, have been affected by rate-tightening and regional bank fallout, but a good turnaround is expected in 2024. First Financial Bankshares is a top pick due to its track record of dividend growth and an excellent operation history. The bank operates in Texas, which has the fastest-growing population and a strong economy, making it a favorable investment choice. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NasdaqGS:FFIN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 266372692210
31 Mar 266222642140
31 Dec 256032542100
30 Sep 255822432040
30 Jun 255782461980
31 Mar 255542311930
31 Dec 245372241870
30 Sep 245102071810
30 Jun 244972011760
31 Mar 244882001700
31 Dec 234811991650
30 Sep 234902121630
30 Jun 235012211640
31 Mar 235122311660
31 Dec 225162341670
30 Sep 225152311700
30 Jun 225172311730
31 Mar 225142271730
31 Dec 215142281750
30 Sep 215202311800
30 Jun 215062251750
31 Mar 214962221700
31 Dec 204702021650
30 Sep 204381851540
30 Jun 204201751500
31 Mar 204011641460
31 Dec 193951651430
30 Sep 193861621400
30 Jun 193801591360
31 Mar 193731541380
31 Dec 183691511390
30 Sep 183571481380
30 Jun 183451381380
31 Mar 183331281350
31 Dec 173211201270
30 Sep 173161111290
30 Jun 173081071280
31 Mar 173041061260
31 Dec 163021051250
30 Sep 162991031240
30 Jun 162971041220
31 Mar 162901021180
31 Dec 152811001120
30 Sep 15275981070

Quality Earnings: FFIN has high quality earnings.

Growing Profit Margin: FFIN's current net profit margins (42.2%) are lower than last year (42.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FFIN's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: FFIN's earnings growth over the past year (9.5%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: FFIN earnings growth over the past year (9.5%) did not outperform the Banks industry 23.3%.

Return on Equity

High ROE: FFIN's Return on Equity (13.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/16 03:13
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweBaird
Brett RabatinBenchmark Company
David RochesterCantor Fitzgerald & Co.