📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

First Financial Bankshares, Inc., through its subsidiaries, provides banking services in the United States. The company offers general commercial banking services, including checking, savings and time deposits, loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and other customary commercial banking service, as well as securities brokerage services. It also provides personal trust services, such as wealth management; administration of estates, oil and gas management; farm and ranch; property management; testamentary trusts; revocable and irrevocable trusts; and agency accounts. In addition, the company offers commercial and industrial; municipal; agricultural; construction and development; farm; residential; consumer auto and non-auto; and non-owner occupied and owner occupied commercial real estate loans. Further, it provides advice and specialized services related to lending, investing, purchasing, advertising, public relations, and technology services. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding FFIN

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	92.8K	$2.7M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 2 quarters analysed

Q2 2021

Confident Specific

Management used positive and precise language such as 'strong earnings', 'optimistic about the economic environment', 'record revenue in Wealth Management and Bannockburn', and 'very pleased with the trajectory of deposit balances'. They provided specific guidance figures for fee income and expenses, and detailed explanations of credit trends.

Q2 2023 latest

Confident Specific

Management repeatedly uses positive language like 'very strong', 'excellent', 'pleased', and provides specific metrics (adjusted EPS $0.72, ROA 1.62%, NIM 4.48%) along with detailed forward guidance ranges.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. First Financial demonstrated resilient net interest margin despite deposit cost pressure, strong fee income diversification, and stable credit quality. The asset-sensitive balance sheet continues to benefit from higher rates, and management provided clear near-term guidance. Watch for deposit cost evolution, especially non-interest-bearing migration, and whether loan growth can sustain mid-single digits amid selective lending. Also monitor Summit's mix shift impact on fee income and expense growth. The high reserve level and strong capital ratios provide a buffer against economic uncertainty.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 2 quarters Full tone analysis in Intelligence →

📊 MIXED First Financial Bancorp Q2 2023 adjusted EPS $0.72, ROA 1.62%, NIM 4.48% on asset-sensitive balance sheet.

Revenue & Profitability

Adjusted net income for Q2 2023 was $68.7 million, or $0.72 per share, a 29% increase year-over-year. Net interest margin was 4.48%, down 7 basis points linked quarter. Fee income was strong, with wealth management posting a record quarter and mortgage rebounding. Total fee income for Q3 is guided between $53-55 million. Net charge-offs were 22 basis points annualized, and provision expense was $10.7 million. Expenses for Q3 are expected to be between $117-119 million.

Outlook

Management expects continued deposit cost increases due to competitive pressures, but sees deposit balances stabilizing and growing modestly. Loan pipelines have strengthened after early-quarter softness. There is uncertainty around Fed rate management, loan demand, and deposit pricing. The company anticipates modest net interest margin contraction in Q3 to 4.25-4.35%, with stabilization around 3.90-4% by mid-2024 if the Fed pauses rate hikes.

Growth Drivers

Loan growth is expected in the mid-single digits, driven primarily by Summit Funding Group (equipment leasing) and residential mortgage. Commercial loan pipelines have strengthened, particularly in middle-market C&I. Wealth management and Bannockburn (capital markets) continue to post strong results. The company is selectively growing in commercial real estate with better structures and more equity. Deposit growth is expected to be supported by net new account additions in personal banking.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Net interest margin declined 7 basis points to 4.48% in Q2, as deposit costs rose 40 basis points. Management expects further modest contraction in Q3 to 4.25-4.35%, driven by continued deposit cost increases. Excluding Summit's leasing depreciation, core expenses are expected to be stable. The adjusted efficiency ratio was 54.9% in Q2. Longer term, if the Fed pauses, NIM is expected to stabilize around 3.90-4% by mid-2024.

Key Risks

Key risks include continued deposit cost increases, uncertainty around Fed rate management, and weaker loan demand. Credit quality risks are tied to higher rates and inflation; two specific relationships drove nonaccrual loans higher in Q2 (a C&I credit with management issues and a small office CRE loan with lease rollover challenges). The company expects ACL coverage to increase slightly. General economic downturn could stress the portfolio, though high reserve levels provide support.

Generated by AI · Q2 2023 results · Not investment advice

📊 Analysis Methodology

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