First Financial Bankshares
Market Cap
US$4.5b
Last Updated
2019/12/06 23:37 UTC
Data Sources
Company Financials +
Executive Summary
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services primarily in Texas.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average 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
-0.1%
FFIN
0.6%
US Banks
-0.3%
US Market
1 Year Return
12.9%
FFIN
19.0%
US Banks
18.6%
US Market
Return vs Industry: FFIN underperformed the US Banks industry which returned 19% over the past year.
Return vs Market: FFIN underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| FFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 0.6% | -0.3% |
| 30 Day | 1.7% | 1.8% | 2.2% |
| 90 Day | 13.5% | 15.8% | 5.6% |
| 1 Year | 14.5%12.9% | 22.5%19.0% | 21.1%18.6% |
| 3 Year | 58.3%51.0% | 30.1%21.0% | 45.6%36.2% |
| 5 Year | 161.3%140.3% | 77.5%57.8% | 71.1%52.2% |
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
What Kind Of Shareholder Owns Most First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock?3 weeks ago | Simply Wall St
Is It Too Late To Consider Buying First Financial Bankshares, Inc. (NASDAQ:FFIN)?1 month ago | Simply Wall St
Does First Financial Bankshares, Inc. (NASDAQ:FFIN) Have A Particularly Volatile Share Price?Valuation
Is First Financial Bankshares undervalued compared to its fair value and its price relative to the market?
29.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FFIN ($34.8) is trading above our estimate of fair value ($27.37)
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 (29.1x) compared to the Banks industry average (12.7x).
PE vs Market: FFIN is poor value based on its PE Ratio (29.1x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: FFIN is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: FFIN is overvalued based on its PB Ratio (3.9x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is First Financial Bankshares forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFIN's forecast earnings growth (8% per year) is above the savings rate (1.7%).
Earnings vs Market: FFIN's earnings (8% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: FFIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FFIN's revenue (8.8% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: FFIN's revenue (8.8% 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 (12.9%).
Next Steps
Past Performance
How has First Financial Bankshares performed over the past 5 years?
12.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFIN has high quality earnings.
Growing Profit Margin: FFIN's current net profit margins (41.9%) are higher than last year (41.5%).
Past Earnings Growth Analysis
Earnings Trend: FFIN's earnings have grown by 12.9% per year over the past 5 years.
Accelerating Growth: FFIN's earnings growth over the past year (9.1%) is below its 5-year average (12.9% per year).
Earnings vs Industry: FFIN earnings growth over the past year (9.1%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: FFIN's Return on Equity (13.4%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: FFIN has a low level of unsold assets or inventory.
Debt Coverage by Assets: FFIN's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: FFIN's level of assets compared to its equity is low.
Allowance for Bad Loans: FFIN has a sufficient allowance for bad loans.
Low Risk Liabilities: FFIN's liabilities are made up of primarily low risk sources of funding.
Loan Level: FFIN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FFIN's loans are broadly funded by customer deposits.
Level of Bad Loans: FFIN has an appropriate level of bad loans (0.63%)
Next Steps
Dividend
What is First Financial Bankshares's current dividend yield, its reliability and sustainability?
1.38%
Current Dividend Yield
Upcoming Dividend Payment
Purchase First Financial Bankshares before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FFIN's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: FFIN's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (3.7%).
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 (37.3%), 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 (41.7% payout ratio).
Next Steps
Management
What is the CEO of First Financial Bankshares's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
F. Dueser (66yo)
18.9yrs
Tenure
US$1,496,513
Compensation
Mr. F. Scott Dueser has been the President and Chief Executive Officer of First Financial Bankshares, Inc. since 2001. He has been the Chairman of First Financial Bankshares, Inc. since January 1, 2008 and ...
CEO Compensation Analysis
Compensation vs Market: F.'s total compensation ($USD1.50M) is below average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: F.'s compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.5yrs
Average Tenure
59yo
Average Age
Experienced Management: FFIN's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
11.9yrs
Average Tenure
66yo
Average Age
Experienced Board: FFIN's board of directors are seasoned and experienced ( 11.9 years average tenure).
Insider Trading
Insider Buying: FFIN insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 300 |
| Max Price | US$34.20 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$34.77 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 68,021 |
| Max Price | US$35.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 13,590 |
| Max Price | US$35.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,380 |
| Max Price | US$35.17 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 250 |
| Max Price | US$35.03 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 67,497 |
| Max Price | US$35.30 |
| Entity | Individual |
| Shares | 510 |
| Max Price | US$35.25 |
| Entity | Individual |
| Shares | 670 |
| Max Price | US$29.76 |
| Entity | Individual |
| Role | Unit Chairman Chairman |
| Shares | 330 |
| Max Price | US$28.38 |
| Entity | Individual |
| Shares | 256 |
| Max Price | US$30.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$30.34 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 14,000 |
| Max Price | US$30.65 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$30.97 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$30.54 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 436 |
| Max Price | US$30.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,000 |
| Max Price | US$30.81 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$30.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 300 |
| Max Price | US$31.45 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
F. Dueser (66yo)
Chairman
- Tenure: 18.9yrs
- Compensation: US$1.50m
J. Hildebrand (64yo)
Executive VP
- Tenure: 16.8yrs
- Compensation: US$793.79k
Gary Gragg (59yo)
Executive VP & Chief Lending Officer
- Tenure: 0yrs
- Compensation: US$626.84k
Ron Butler (58yo)
Executive VP & Chief Administrative Officer
- Tenure: 7.9yrs
- Compensation: US$750.65k
Bill Rowe
Senior Vice President of Fixed Income - Investment Management Team
- Tenure: 0yrs
Kirk Thaxton (58yo)
Chairman
- Tenure: 0yrs
- Compensation: US$670.94k
J. McVey
Senior VP & Chief Accounting Officer
- Tenure: 2.5yrs
Larry Kentz
Senior VP & Chief Compliance Officer
- Tenure: 1.8yrs
John Ruzicka
Executive VP & Chief Information Officer
- Tenure: 1yrs
Will Christoferson
Senior Vice President of Marketing & Advertising
- Tenure: 0.6yrs
Board Members
F. Dueser (66yo)
Chairman
- Tenure: 18.9yrs
- Compensation: US$1.50m
Kade Matthews (61yo)
Independent Director
- Tenure: 21.9yrs
- Compensation: US$102.50k
David Copeland (63yo)
Independent Director
- Tenure: 21.9yrs
- Compensation: US$130.90k
Johnny Trotter (68yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$110.45k
Tucker Bridwell (67yo)
Lead Independent Director
- Tenure: 9.8yrs
- Compensation: US$123.50k
Murray Edwards (67yo)
Independent Director
- Tenure: 13.7yrs
- Compensation: US$132.75k
Kirk Thaxton (58yo)
Chairman
- Tenure: 0yrs
- Compensation: US$670.94k
Ivan Lancaster (65yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: US$110.75k
Ron Giddiens (71yo)
Independent Director
- Tenure: 10.7yrs
- Compensation: US$121.25k
Justin Hooper
Chairman
- Tenure: 1.9yrs
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$4.520b
- Shares outstanding: 134.92m
- 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 |
Biography
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real e ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/06 23:37 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.