NasdaqGS:FFIN

Stock Analysis Report

First Financial Bankshares

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet established 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


Market Performance


7 Day Return

2.7%

NasdaqGS:FFIN

1.4%

US Banks

0.8%

US Market


1 Year Return

10.1%

NasdaqGS:FFIN

-4.5%

US Banks

1.9%

US Market

FFIN outperformed the Banks industry which returned -3.7% over the past year.

FFIN outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

FFINIndustryMarket
7 Day2.7%1.4%0.8%
30 Day6.6%8.9%3.4%
90 Day9.7%5.2%2.1%
1 Year11.7%10.1%-1.7%-4.5%4.2%1.9%
3 Year94.1%85.1%54.7%44.0%46.7%37.2%
5 Year157.0%135.2%63.7%45.8%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

28.31x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Financial Bankshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Financial Bankshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Financial Bankshares is overvalued based on earnings compared to the US Banks industry average.

First Financial Bankshares is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Financial Bankshares is poor value based on expected growth next year.


Price Based on Value of Assets

First Financial Bankshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Financial Bankshares expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Financial Bankshares's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

First Financial Bankshares's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

First Financial Bankshares's revenue growth is positive but not above the United States of America market average.

First Financial Bankshares's earnings growth is positive but not above the United States of America market average.

First Financial Bankshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

First Financial Bankshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

12.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Financial Bankshares's year on year earnings growth rate has been positive over the past 5 years.

First Financial Bankshares's 1-year earnings growth exceeds its 5-year average (15.4% vs 12.6%)

First Financial Bankshares's earnings growth has not exceeded the US Banks industry average in the past year (15.4% vs 31.7%).


Return on Equity

First Financial Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Financial Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Financial Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

First Financial Bankshares has an acceptable proportion of non-loan assets held.

First Financial Bankshares has a sufficient allowance for bad loans.

First Financial Bankshares's liabilities are made up of primarily low risk sources of funding.

First Financial Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Financial Bankshares are broadly funded by customer deposits.

First Financial Bankshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.51%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First Financial Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

First Financial Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


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?

2.3yrs

Average management tenure


CEO

F. Dueser (66yo)

18.7yrs

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

F.'s remuneration is lower than average for companies of similar size in United States of America.

F.'s compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

59yo

Average Age

The tenure for the First Financial Bankshares management team is about average.


Board Age and Tenure

11.7yrs

Average Tenure

66yo

Average Age

The average tenure for the First Financial Bankshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$19,93903 Jul 19
Michael Denny
EntityIndividual
Shares670
Max PriceUS$29.76
BuyUS$9,36526 Jun 19
Kirk Thaxton
EntityIndividual
Role
Unit Chairman
Chairman
Shares330
Max PriceUS$28.38
BuyUS$7,81621 May 19
Robert Nickles
EntityIndividual
Shares256
Max PriceUS$30.53
BuyUS$121,34014 May 19
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$30.34
BuyUS$427,55009 May 19
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares14,000
Max PriceUS$30.65
SellUS$308,40002 May 19
David Copeland
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$30.97
BuyUS$122,14002 May 19
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$30.54
BuyUS$13,43801 May 19
F. Dueser
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares436
Max PriceUS$30.82
BuyUS$184,83001 May 19
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,000
Max PriceUS$30.81
BuyUS$302,45015 Mar 19
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$30.25
BuyUS$9,42812 Feb 19
Murray Edwards
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$31.45
BuyUS$111,30024 Oct 18
Johnny Trotter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$27.83

Ownership Breakdown


Management Team

  • F. Dueser (66yo)

    Chairman

    • Tenure: 18.7yrs
    • Compensation: US$1.50m
  • J. Hildebrand (64yo)

    Executive VP

    • Tenure: 16.5yrs
    • 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: 7.7yrs
    • 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: 2.3yrs
  • Larry Kentz

    Senior VP & Chief Compliance Officer

    • Tenure: 1.6yrs
  • John Ruzicka

    Executive VP & Chief Information Officer

    • Tenure: 0.8yrs
  • Will Christoferson

    Senior Vice President of Marketing & Advertising

    • Tenure: 0.3yrs

Board Members

  • F. Dueser (66yo)

    Chairman

    • Tenure: 18.7yrs
    • Compensation: US$1.50m
  • Kade Matthews (61yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$102.50k
  • David Copeland (63yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$130.90k
  • Johnny Trotter (68yo)

    Director

    • Tenure: 16.7yrs
    • Compensation: US$110.45k
  • Tucker Bridwell (67yo)

    Lead Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$123.50k
  • Murray Edwards (67yo)

    Director

    • Tenure: 13.4yrs
    • Compensation: US$132.75k
  • Kirk Thaxton (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: US$670.94k
  • Ivan Lancaster (65yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$110.75k
  • Ron Giddiens (71yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: US$121.25k
  • Justin Hooper

    Chairman

    • Tenure: 1.7yrs

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$4.478b
  • Shares outstanding: 134.88m
  • 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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 23:43
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.