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; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional 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?
Is First Financial Bankshares undervalued compared to its fair value and its price relative to the market?
Valuation Score
1/6
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
1.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FFIN ($41.21) is trading below our estimate of fair value ($41.97)
Significantly Below Fair Value: FFIN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FFIN is poor value based on its Price-To-Earnings Ratio (25.8x) compared to the US Banks industry average (9.8x).
PE vs Market: FFIN is poor value based on its Price-To-Earnings Ratio (25.8x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: FFIN is poor value based on its PEG Ratio (5.1x)
Price to Book Ratio
PB vs Industry: FFIN is overvalued based on its Price-To-Book Ratio (3.9x) 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 6 analysts?
Future Growth Score
1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFIN's forecast earnings growth (5% per year) is above the savings rate (1.9%).
Earnings vs Market: FFIN's earnings (5% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: FFIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FFIN's revenue (6.1% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: FFIN's revenue (6.1% per year) is forecast to grow slower than 20% 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
Past Performance
How has First Financial Bankshares performed over the past 5 years?
Past Performance Score
2/6
Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFIN has high quality earnings.
Growing Profit Margin: FFIN's current net profit margins (44.1%) are lower than last year (44.7%).
Past Earnings Growth Analysis
Earnings Trend: FFIN's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: FFIN's earnings growth over the past year (2.2%) is below its 5-year average (15.9% per year).
Earnings vs Industry: FFIN earnings growth over the past year (2.2%) underperformed the Banks industry 20.9%.
Return on Equity
High ROE: FFIN's Return on Equity (15.2%) 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 Health Score
6/6
Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FFIN's Assets to Equity ratio (8.9x) is low.
Allowance for Bad Loans: FFIN has a sufficientallowance for bad loans (233%).
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 (41%).
Low Risk Deposits: FFIN's Loans to Deposits ratio (50%) 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?
Dividend Score
3/6
Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.46%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FFIN's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: FFIN's dividend (1.46%) is low compared to the top 25% of dividend payers in the US market (4.01%).
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
Earnings Coverage: With its reasonably low payout ratio (37.7%), 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 or that it will be covered by earnings.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
F. Dueser (68 yo)
21.33yrs
Tenure
US$3,442,141
Compensation
Mr. F. Scott Dueser has been the President and Chief Executive Officer of First Financial Bankshares, Inc. since 2001. He has been the Chairman of First Financial Bankshares, Inc. since January 1, 2008 and...
CEO Compensation Analysis
Compensation vs Market: F.'s total compensation ($USD3.44M) is below average for companies of similar size in the US market ($USD8.23M).
Compensation vs Earnings: F.'s compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: FFIN's management team is considered experienced (4.9 years average tenure).
Board Members
Experienced Board: FFIN's board of directors are considered experienced (9.1 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Financial Bankshares, Inc.'s employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/26 00:00
End of Day Share Price
2022/05/26 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
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.