First Financial Bankshares
Market Cap
US$4.4b
Last Updated
2020/10/26 05:19 UTC
Data Sources
Company Financials +
Executive Summary
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 1.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
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
4.9%
FFIN
5.1%
US Banks
0.4%
US Market
1 Year Return
-11.8%
FFIN
-26.7%
US Banks
17.8%
US Market
Return vs Industry: FFIN exceeded the US Banks industry which returned -26.7% over the past year.
Return vs Market: FFIN underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| FFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.9% | 5.1% | 0.4% |
| 30 Day | 13.0% | 11.9% | 6.1% |
| 90 Day | 4.3% | 5.4% | 8.9% |
| 1 Year | -10.3%-11.8% | -24.0%-26.7% | 20.5%17.8% |
| 3 Year | 43.1%36.5% | -15.9%-22.9% | 42.3%32.9% |
| 5 Year | 100.3%83.9% | 20.3%5.4% | 84.2%63.4% |
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
14 hours ago | Simply Wall St
First Financial Bankshares, Inc. Just Recorded A 8.2% EPS Beat: Here's What Analysts Are Forecasting Next1 day ago | Simply Wall St
What Can We Make Of First Financial Bankshares' (NASDAQ:FFIN) CEO Compensation?2 weeks ago | Simply Wall St
Is Now The Time To Put First Financial Bankshares (NASDAQ:FFIN) On Your Watchlist?Valuation
Is First Financial Bankshares undervalued compared to its fair value and its price relative to the market?
23.46x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FFIN ($30.89) is trading above our estimate of fair value ($29.08)
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 (23.5x) compared to the US Banks industry average (10.3x).
PE vs Market: FFIN is poor value based on its PE Ratio (23.5x) compared to the US market (19.1x).
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 (2.7x) 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?
-1.4%
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 (-1.4% per year).
Earnings vs Market: FFIN's earnings are forecast to decline over the next 3 years (-1.4% per year).
High Growth Earnings: FFIN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FFIN's revenue is expected to decline over the next 3 years (-7.7% per year).
High Growth Revenue: FFIN's revenue is forecast to decline over the next 3 years (-7.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FFIN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has First Financial Bankshares performed over the past 5 years?
13.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFIN has high quality earnings.
Growing Profit Margin: FFIN's current net profit margins (42.2%) are higher than last year (41.9%).
Past Earnings Growth Analysis
Earnings Trend: FFIN's earnings have grown by 13.7% per year over the past 5 years.
Accelerating Growth: FFIN's earnings growth over the past year (14.2%) exceeds its 5-year average (13.7% per year).
Earnings vs Industry: FFIN earnings growth over the past year (14.2%) exceeded the Banks industry -4%.
Return on Equity
High ROE: FFIN's Return on Equity (11.4%) 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 (6.5x) is low.
Allowance for Bad Loans: FFIN has a sufficient allowance for bad loans (178%).
Low Risk Liabilities: 93% 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 (49%).
Low Risk Deposits: FFIN's Loans to Deposits ratio (63%) is appropriate.
Level of Bad Loans: FFIN has an appropriate level of bad loans (0.8%).
Next Steps
Dividend
What is First Financial Bankshares's current dividend yield, its reliability and sustainability?
1.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFIN's dividend (1.68%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: FFIN's dividend (1.68%) is low compared to the top 25% of dividend payers in the US market (4.56%).
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 (38%), FFIN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
F. Dueser (67 yo)
19.75yrs
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 ($USD5.60M).
Compensation vs Earnings: F.'s compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.75yrs | US$1.95m | 1.46% $ 63.8m | |
| Executive VP & Chief Administrative Officer | 8.75yrs | US$833.91k | 0.087% $ 3.8m | |
| Chairman | no data | US$629.49k | 0.064% $ 2.8m | |
| Executive VP & Chief Lending Officer | no data | US$740.79k | 0.095% $ 4.1m | |
| Executive VP | 0.75yr | no data | 0.0051% $ 221.6k | |
| Senior VP & Chief Accounting Officer | 3.33yrs | no data | 0.0058% $ 254.3k | |
| Executive VP & Chief Information Officer | 1.83yrs | no data | 0.0033% $ 142.6k | |
| Senior VP & Chief Compliance Officer | 2.67yrs | no data | no data | |
| Executive Vice President of Marketing | 1.42yrs | no data | no data | |
| Executive Vice President of Human Resources | 0.33yr | no data | no data | |
| Senior Vice President of Fixed Income - Investment Management Team | no data | no data | no data | |
| Senior Vice President of Lending | 11.83yrs | US$134.61k | no data |
2.7yrs
Average Tenure
59yo
Average Age
Experienced Management: FFIN's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.75yrs | US$1.95m | 1.46% $ 63.8m | |
| Chairman | no data | US$629.49k | 0.064% $ 2.8m | |
| Chairman | 2.75yrs | no data | no data | |
| Independent Director | 22.75yrs | US$104.25k | 0.91% $ 39.5m | |
| Independent Director | 22.75yrs | US$140.60k | 0.24% $ 10.6m | |
| Independent Director | 17.75yrs | US$116.70k | 0.65% $ 28.5m | |
| Lead Independent Director | 10.67yrs | US$127.75k | 0.22% $ 9.7m | |
| Independent Director | 5.75yrs | US$112.00k | 0.058% $ 2.5m | |
| Independent Director | 14.5yrs | US$149.50k | 0.26% $ 11.4m | |
| Independent Director | 7.5yrs | US$130.50k | 0.021% $ 918.5k | |
| Independent Director | 1.5yrs | US$91.45k | 0.047% $ 2.0m | |
| Independent Director | 1.5yrs | US$107.50k | 0.038% $ 1.7m |
10.7yrs
Average Tenure
66yo
Average Age
Experienced Board: FFIN's board of directors are seasoned and experienced ( 10.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FFIN insiders have bought more shares than they have sold 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$4.361b
- Shares outstanding: 141.19m
- 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, com ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 05:19 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/09/30 |
| 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.