Headquartered in Abilene, TX Fiscal year ends December NASDAQ: FFIN ffin.com
First Financial Bankshares, Inc. is a financial holding company operating through its subsidiary, First Financial Bank, with 81 full-service banking locations across Texas. The company provides a full range of commercial and consumer banking services including commercial and industrial lending, real estate lending (construction, residential, and commercial), agricultural lending, and consumer auto and non-auto loans. It also operates First Financial Wealth Management with nine locations, offering trust and wealth advisory services with approximately $12.35 billion in assets under management. Additionally, the company operates First Technology Services, Inc., a technology services subsidiary. The bank generates revenue primarily through net interest income on its loan and securities portfolios, supplemented by noninterest income from wealth management fees, service charges, debit and credit card fees, and mortgage banking activities. Total assets are approximately $15.2 billion, with a loan portfolio of $8.5 billion heavily weighted toward real estate (approximately 69% of loans), and total deposits and repurchase agreements of $13.2 billion. Updated
Record net income of $74.3 million came almost entirely from a credit provision that fell to $2.03 million from $24.43 million a year ago, when a borrower fraud charge-off hit the quarter. Revenue missing expectations by 2.64% and EPS landing in line leave margin expansion to 3.91% as the real story to track, with unrealized securities losses widening by $209.9 million net of tax on rising long-term rates.
Golub Capital BDC leads today's dividend payments with $85.7 million going out to shareholders, or 33 cents a share, landing September 29. First Financial Bankshares follows with $31.5 million.
First Financial Bankshares, Inc. is a financial holding company operating through its subsidiary, First Financial Bank, with 81 full-service banking locations across Texas.
24/7 Wall St.'s 12-month price target for FFIN is $36.32, rated Buy. The Wall Street consensus target is $34.71. FFIN price prediction →