NasdaqGS:FFIN

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First Financial Bankshares

Executive Summary

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


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FFIN's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

FFIN

-2.7%

US Banks

0.6%

US Market


1 Year Return

1.8%

FFIN

-16.6%

US Banks

22.7%

US Market

Return vs Industry: FFIN exceeded the US Banks industry which returned -19.6% over the past year.

Return vs Market: FFIN underperformed the US Market which returned 21% over the past year.


Shareholder returns

FFINIndustryMarket
7 Day-3.2%-2.7%0.6%
30 Day14.4%20.9%13.1%
90 Day10.4%17.0%4.5%
1 Year3.6%1.8%-13.6%-16.6%25.5%22.7%
3 Year56.0%48.7%-6.0%-13.8%49.0%39.1%
5 Year129.1%110.3%38.8%21.5%98.3%76.5%

Long-Term 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

Valuation

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

25.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FFIN ($34.1) is trading above our estimate of fair value ($25.19)

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 (25.9x) compared to the US Banks industry average (11.3x).

PE vs Market: FFIN is poor value based on its PE Ratio (25.9x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: FFIN is poor value based on its PEG Ratio (13.8x)


Price to Book Ratio

PB vs Industry: FFIN is overvalued based on its PB Ratio (3x) compared to the US Banks industry average (0.9x).


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?

1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FFIN's forecast earnings growth (1.9% per year) is below the savings rate (2.2%).

Earnings vs Market: FFIN's earnings (1.9% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: FFIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: FFIN's revenue (1.1% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: FFIN's revenue (1.1% 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%).


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 -4.1%.


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?

1.52%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FFIN's dividend (1.52%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: FFIN's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (4.18%).


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: FFIN's dividends in 3 years are forecast to be well covered by earnings (41.1% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

F. Dueser (67 yo)

19.83yrs

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 ($USD1.95M) is below average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: F.'s compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
F. Dueser
Chairman19.83yrsUS$1.95m1.46%
$ 70.5m
Ronald Butler
Executive VP & Chief Administrative Officer8.83yrsUS$833.91k0.088%
$ 4.2m
Kirk Thaxton
Chairmanno dataUS$629.49k0.074%
$ 3.5m
Gary Gragg
Executive VP & Chief Lending Officerno dataUS$740.79k0.096%
$ 4.6m
James Gordon
Executive VP0.83yrno data0.0074%
$ 357.7k
J. McVey
Senior VP & Chief Accounting Officer3.42yrsno data0.0066%
$ 320.1k
John Ruzicka
Executive VP & Chief Information Officer1.92yrsno data0.0047%
$ 228.7k
Lawrence Kentz
Senior VP & Chief Compliance Officer2.75yrsno datano data
William Christoferson
Executive Vice President of Marketing1.5yrsno datano data
Patricia Schulz
Executive Vice President of Human Resources0.42yrno datano data
William Rowe
Senior Vice President of Fixed Income - Investment Management Teamno datano datano data
Tommy Barrow
Senior Vice President of Lending11.92yrsUS$134.61kno data

2.8yrs

Average Tenure

59yo

Average Age

Experienced Management: FFIN's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
F. Dueser
Chairman19.83yrsUS$1.95m1.46%
$ 70.5m
Kirk Thaxton
Chairmanno dataUS$629.49k0.074%
$ 3.5m
Justin Hooper
Chairman2.83yrsno datano data
Kade Matthews
Independent Director22.83yrsUS$104.25k0.91%
$ 43.6m
David Copeland
Independent Director22.83yrsUS$140.60k0.23%
$ 11.0m
Johnny Trotter
Independent Director17.83yrsUS$116.70k0.66%
$ 31.6m
Tucker Bridwell
Lead Independent Director10.75yrsUS$127.75k0.22%
$ 10.8m
April Anthony
Independent Director5.83yrsUS$112.00k0.058%
$ 2.8m
Murray Edwards
Independent Director14.58yrsUS$149.50k0.26%
$ 12.6m
Ivan Lancaster
Independent Director7.58yrsUS$130.50k0.021%
$ 1.0m
Robert Nickles
Independent Director1.58yrsUS$91.45k0.047%
$ 2.2m
Michael Denny
Independent Director1.58yrsUS$107.50k0.038%
$ 1.9m

10.8yrs

Average Tenure

66yo

Average Age

Experienced Board: FFIN's board of directors are seasoned and experienced ( 10.8 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 been diluted in the past year, with total shares outstanding growing by 4.6%.


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$4.814b
  • Shares outstanding: 141.18m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFINNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1993
FI6DB (Deutsche Boerse AG)YesCommon StockDEEURNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:45
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.