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FFIN

First Financial BanksharesNasdaqGS:FFIN Stock Report

Market Cap

US$7.2b

7D

-0.1%

1Y

44.6%

Updated

03 Dec, 2021

Data

Company Financials +
FFIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

FFIN Stock Overview

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas.

First Financial Bankshares Competitors

Signature Bank

NasdaqGS:SBNY

US$18.3b

Western Alliance Bancorporation

NYSE:WAL

US$10.9b

First Horizon

NYSE:FHN

US$8.7b

Cullen/Frost Bankers

NYSE:CFR

US$8.0b

Price History & Performance

Summary of all time highs, changes and price drops for First Financial Bankshares
Historical stock prices
Current Share PriceUS$50.61
52 Week HighUS$55.00
52 Week LowUS$34.28
Beta0.91
1 Month Change-4.64%
3 Month Change7.84%
1 Year Change44.64%
3 Year Change64.13%
5 Year Change119.57%
Change since IPO3,024.49%

Recent News & Updates

Nov 06
First Financial Bankshares (NASDAQ:FFIN) Is Paying Out A Larger Dividend Than Last Year

First Financial Bankshares (NASDAQ:FFIN) Is Paying Out A Larger Dividend Than Last Year

First Financial Bankshares, Inc. ( NASDAQ:FFIN ) has announced that it will be increasing its dividend on the 3rd of...

Sep 05
First Financial Bankshares (NASDAQ:FFIN) Will Pay A Larger Dividend Than Last Year At US$0.15

First Financial Bankshares (NASDAQ:FFIN) Will Pay A Larger Dividend Than Last Year At US$0.15

First Financial Bankshares, Inc. ( NASDAQ:FFIN ) has announced that it will be increasing its dividend on the 1st of...

Shareholder Returns

FFINUS BanksUS Market
7D-0.1%-2.8%-2.7%
1Y44.6%35.5%16.6%

Return vs Industry: FFIN exceeded the US Banks industry which returned 40.8% over the past year.

Return vs Market: FFIN exceeded the US Market which returned 19.4% over the past year.

Price Volatility

Is FFIN's price volatile compared to industry and market?
FFIN volatility
FFIN Average Weekly Movement4.1%
Banks Industry Average Movement3.8%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: FFIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FFIN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19561,450F. Dueserhttps://www.ffin.com

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, 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 cards, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities.

First Financial Bankshares Fundamentals Summary

How do First Financial Bankshares's earnings and revenue compare to its market cap?
FFIN fundamental statistics
Market CapUS$7.16b
Earnings (TTM)US$230.70m
Revenue (TTM)US$520.31m

31.0x

P/E Ratio

4.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FFIN income statement (TTM)
RevenueUS$520.31m
Cost of RevenueUS$0
Gross ProfitUS$520.31m
ExpensesUS$289.61m
EarningsUS$230.70m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.63
Gross Margin100.00%
Net Profit Margin44.34%
Debt/Equity Ratio37.4%

How did FFIN perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

35%

Payout Ratio

Does FFIN pay a reliable dividends?

See FFIN dividend history and benchmarks
When do you need to buy FFIN by to receive an upcoming dividend?
First Financial Bankshares dividend dates
Ex Dividend DateDec 15 2021
Dividend Pay DateJan 03 2022
Days until Ex dividend10 days
Days until Dividend pay date29 days

Does FFIN pay a reliable dividends?

See FFIN dividend history and benchmarks

Valuation

Is First Financial Bankshares undervalued compared to its fair value and its price relative to the market?

31.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FFIN ($50.61) is trading above our estimate of fair value ($36.33)

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 (31x) compared to the US Banks industry average (10.8x).

PE vs Market: FFIN is poor value based on its PE Ratio (31x) compared to the US market (16.9x).


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 (4.1x) compared to the US Banks industry average (1.1x).


Future Growth

How is First Financial Bankshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-2.1%

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 (-2.1% per year).

Earnings vs Market: FFIN's earnings are forecast to decline over the next 3 years (-2.1% per year).

High Growth Earnings: FFIN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FFIN's revenue (2.5% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: FFIN's revenue (2.5% 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 (11.3%).


Past Performance

How has First Financial Bankshares performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFIN has high quality earnings.

Growing Profit Margin: FFIN's current net profit margins (44.3%) are higher than last year (42.2%).


Past Earnings Growth Analysis

Earnings Trend: FFIN's earnings have grown by 16.5% per year over the past 5 years.

Accelerating Growth: FFIN's earnings growth over the past year (24.7%) exceeds its 5-year average (16.5% per year).

Earnings vs Industry: FFIN earnings growth over the past year (24.7%) underperformed the Banks industry 43.1%.


Return on Equity

High ROE: FFIN's Return on Equity (13.3%) is considered low.


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 (7.2x) is low.

Allowance for Bad Loans: FFIN has a sufficient allowance for bad loans (251%).

Low Risk Liabilities: 92% 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 (42%).

Low Risk Deposits: FFIN's Loans to Deposits ratio (53%) is appropriate.

Level of Bad Loans: FFIN has an appropriate level of bad loans (0.5%).


Dividend

What is First Financial Bankshares's current dividend yield, its reliability and sustainability?

1.19%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 04 2021Ex Dividend DateDec 15 2021Dividend Pay DateJan 03 202219 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FFIN's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: FFIN's dividend (1.19%) is low compared to the top 25% of dividend payers in the US market (3.61%).


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 (34.5%), 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 (40.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

F. Dueser (68 yo)

20.92yrs

Tenure

US$1,800,963

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 ($USD1.80M) is below average for companies of similar size in the US market ($USD6.35M).

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


Leadership Team

Experienced Management: FFIN's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: FFIN's board of directors are seasoned and experienced ( 11.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Financial Bankshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: First Financial Bankshares, Inc.
  • Ticker: FFIN
  • Exchange: NasdaqGS
  • Founded: 1956
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$7.163b
  • Shares outstanding: 141.54m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 23:54
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.