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; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, 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. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administers retirement and employee benefit accounts, such as 401(k) profit sharing plans and IRAs. Further, the company provides asset management and technology services. As of December 31, 2020, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.
IPO Year:
Exchange: NASDAQ
Website: ffin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $34.50 → $40.00 | Market Perform | Hovde Group |
| 8/31/2021 | $50.00 | Neutral | Janney |
| 8/31/2021 | Neutral | Janney Montgomery Scott | |
| 7/27/2021 | $47.00 → $48.00 | Equal-Weight | Stephens & Co. |
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ABILENE, Texas, Nov. 20, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ:FFIN) (the "Company", "we", "us", or "our") has announced the following promotions for First Financial Bankshares, Inc., First Financial Bank, and First Financial Trust and Asset Management Company. These promotions are part of the Company's ongoing management succession, which the Board has been working on for several years. Ron Butler was promoted to Vice Chairman of the Executive Management Committee of First Financial Bankshares, Inc., and will continue to serve as Chief Administrative Officer of the Company. David Bailey has been promoted to President of First Financial Bank
ABILENE, Texas, Oct. 17, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $55.31 million for the third quarter of 2024 compared to earnings of $52.49 million for the second quarter of 2024 and $49.56 million for the same quarter a year ago. Diluted earnings per share were $0.39 for the third quarter of 2024 compared with $0.37 for the second quarter of 2024 and $0.35 for the third quarter of 2023. "We are pleased with the results for the quarter which saw continued growth in loans, deposits and net interest income, resulting in increased earnings over third quarter last year of 11.61 percent," said F. Scott D
ABILENE, Texas, Oct. 15, 2024 /PRNewswire/ -- First Financial Bank, a wholly owned subsidiary of First Financial Bankshares, Inc. (NASDAQ:FFIN), conducted its ninth annual company-wide Day of Service on Columbus Day/Indigenous Peoples' Day, October 14, 2024. First Financial partnered with 63 local non-profit and community organizations across the state to provide assistance and perform service projects. With more than 1,000 employees from 79 statewide branches that participated on the federal holiday, Day of Service projects took place in many communities across First Financial's footprint. "The strength of our communities lies in the partnerships we build and the support we provide to thos
ABILENE, Texas, Sept. 16, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) (the "Company," "First Financial Bankshares," "we", "us" or "our") has announced the election of Brian D. Goodrich as Executive Vice President and General Counsel. "We are delighted to welcome Brian to Abilene and to the Company's executive management team as the first General Counsel for First Financial Bankshares," said F. Scott Dueser, Chairman, President, and CEO. "Brian's vast banking, legal, and regulatory knowledge, expertise, and experience in a larger bank, will be instrumen
ABILENE, Texas, July 26, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) (the "Company", "we", "us", or "our") has announced the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company's outstanding shares as of July 23, 2024, through July 31, 2025. The Board of Directors previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2024. The stock repurchase plan authorizes management to repurchase shares at such time and price as repurchases are considered beneficial to the Company and it
ABILENE, Texas, July 18, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $52.49 million for the second quarter of 2024 compared to earnings of $50.87 million for the same quarter a year ago and $53.4 million for the quarter ended March 31, 2024. Basic and diluted earnings per share were $0.37 for the second quarter of 2024 compared with $0.36 for the second quarter of 2023 and $0.37 for the linked quarter. "We are pleased with the second quarter results that are highlighted by strong loan growth and net interest margin expansion which resulted in increased net interest income for the quarter," said F. Scott
ABILENE, Texas, June 13, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) has named Dan Summerford as Executive Vice President, Director of Middle Market Banking. This bank wide position brings in a seasoned veteran from the corporate banking sector to provide further guidance and leadership for the Bank's commercial banking division. "We are excited to welcome Dan to our company as he brings a wealth of expertise that will greatly enhance our existing commercial banking team. His years of leadership with previous institutions will be invaluable as we look
ABILENE, Texas, May 30, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bank, Bryan/College Station Region has announced the promotions of Nora Thompson to Board Chair and CEO and Austin Bryan to Regional President. The announcement was made by Ron Butler, Executive Vice President and Chief Administrative Officer of First Financial Bankshares, Inc. "We are very fortunate to have great leaders with strong banking expertise in our Bryan/College Station region in Nora Thompson and Austin Bryan. We look forward to their continued leadership to grow our bank in a dyn
ABILENE, Texas, May 20, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ:FFIN) announced today the appointment of Sally Pope Davis to the Company's Board of Directors. Ms. Davis was also appointed to the Board of Directors of First Financial Bank. She retired from Goldman Sachs in April 2024 after a 34-year career at the firm. "Sally co-led one of the industry's largest U.S. small cap value funds during her tenure at Goldman Sachs Asset Management, while also having specific responsibility for and expertise in investments across the finan
ABILENE, Texas, April 23, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) – today announced at it's 2024 Annual Shareholders' Meeting that its subsidiaries, First Financial Bank, N.A. (the "Bank") and First Financial Trust and Asset Management Company, N.A. (the "Trust Company"), have each successfully converted their charters to a Texas state banking association and a Texas chartered trust company, respectively. The Bank has been a national bank since its inception in 1890 and the Trust Company has been a national trust company since its inception in 2003. "We will continue to put the customer First and to operate under our One Bank, Twelve Regions Concept," said F. Sco
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Hovde Group reiterated coverage of First Financial Bankshares with a rating of Market Perform and set a new price target of $40.00 from $34.50 previously
Janney initiated coverage of First Financial with a rating of Neutral and set a new price target of $50.00
Janney Montgomery Scott initiated coverage of First Finl Bankshares with a rating of Neutral
Stephens & Co. reiterated coverage of First Finl Bankshares with a rating of Equal-Weight and set a new price target of $48.00 from $47.00 previously
Truist reiterated coverage of First Financial Bankshares with a rating of and set a new price target of $47.00 from $40.00 previously
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Truist Securities analyst Brandon King maintains First Finl Bankshares (NASDAQ:FFIN) with a Hold and raises the price target from $31 to $39.
Stephens & Co. analyst Matt Olney maintains First Finl Bankshares (NASDAQ:FFIN) with a Equal-Weight and raises the price target from $31 to $36.
First Finl Bankshares (NASDAQ:FFIN) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.36 by 2.78 percent. This is a 2.78 percent increase over earnings of $0.36 per share from the same period last year.
Truist Securities analyst Brandon King maintains First Finl Bankshares (NASDAQ:FFIN) with a Hold and lowers the price target from $32 to $31.
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Turtle Beach The Trade: Turtle Beach Corporation (NASDAQ:HEAR) Director Terry Jimenez acquired a total of 2,025 shares an
Truist Securities analyst Brandon King maintains First Finl Bankshares (NASDAQ:FFIN) with a Hold and lowers the price target from $34 to $32.
Ratings for First Finl Bankshares (NASDAQ:FFIN) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 3 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $32.6, along with a high estimate of $35.00 and a low estimate of $31.00. Observing a 1.24% i
Stephens & Co. analyst Matt Olney maintains First Finl Bankshares (NASDAQ:FFIN) with a Equal-Weight and lowers the price target from $35 to $31.
First Finl Bankshares (NASDAQ:FFIN) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.35 by 5.71 percent. This is unchanged from the same period last year.
ABILENE, Texas, May 20, 2024 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ:FFIN) announced today the appointment of Sally Pope Davis to the Company's Board of Directors. Ms. Davis was also appointed to the Board of Directors of First Financial Bank. She retired from Goldman Sachs in April 2024 after a 34-year career at the firm. "Sally co-led one of the industry's largest U.S. small cap value funds during her tenure at Goldman Sachs Asset Management, while also having specific responsibility for and expertise in investments across the finan
ABILENE, Texas, Jan. 31, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) recently announced the appointment of Keith Morton to Executive Vice President (EVP), Houston Credit Administration. The announcement was made by Luke Longhofer, Executive Vice President & Chief Lending Officer of First Financial Bankshares, Inc. "Keith's extensive background and experience in commercial banking are assets that will contribute to First Financial Bank's lending success," Longhofer said. "His expertise will provide immediate value to the our sound lending efforts as we
ABILENE, Texas, Sept. 22, 2023 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) ("First Financial" or the "Company") announced the appointment of Javier Jurado as Executive Vice President and Chief Audit Executive. He will oversee and execute internal audit planning and reporting, and report directly to the Audit Committee. Jurado brings more than 19 years of audit experience to First Financial, including his most recent posts in audit management at large banks and a public accounting firm. Jurado, who has worked with U.S. Bank since October 2019, has also held
ABILENE, Texas, April 26, 2022 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ:FFIN) announced today the appointment of Murray H. Edwards as the lead independent director following the previously announced retirement of Tucker S. Bridwell effective as of the 2022 Annual Meeting of Shareholders held earlier today. Mr. Bridwell served as a director since 2007 and as the lead independent director since 2012 as well as the chair of the Nominating/Corporate Governance Committee. "Murray Edwards is an excellent selection for lead director to follow
ABILENE, Texas, April 26, 2022 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) – In connection with the 2022 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a $0.17 per share cash dividend for the second quarter, which represents a 13.3 percent increase and will be paid to shareholders of record on June 16, 2022, with payment set for July 1, 2022. Shareholders elected eleven existing members to the Board of Directors. The elected directors are April Anthony, Managing Partner, Anthony Family Investment Partners, LTD, Dallas; Vianei Lopez Braun, Attorney, Decker Jones, P.C., Fort Worth; David Copeland, President, SIPCO, In
ABILENE, Texas, April 12, 2022 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) recently announced the appointment of Rett Everett to Executive Vice President (EVP), Credit Administration. The announcement was made by Luke Longhofer, Executive Vice President & Chief Lending Officer of First Financial Bankshares, Inc. "Rett's extensive background and experience in commercial banking, combined with his role as Chief Credit Officer at his previous bank, are assets that will contribute to First Financial Bank's lending success," Longhofer said. "His achievements and
ABILENE, Texas, Jan. 25, 2022 /PRNewswire/ -- The Board of Directors of First Financial Bankshares, Inc. (NASDAQ:FFIN) announced today the appointment of Eli Jones, Ph.D. to the company's Board of Directors. Jones also was appointed to the First Financial Bank, N.A. Board of Directors and he currently serves on the Bryan/College Station Regional Board of First Financial Bank, N.A. "Eli is a nationally known academic, speaker and author, and has work experience with major publicly traded companies, and we are extremely pleased to welcome him to the First Financial Bankshares Bo
ABILENE, Texas, Oct. 17, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $55.31 million for the third quarter of 2024 compared to earnings of $52.49 million for the second quarter of 2024 and $49.56 million for the same quarter a year ago. Diluted earnings per share were $0.39 for the third quarter of 2024 compared with $0.37 for the second quarter of 2024 and $0.35 for the third quarter of 2023. "We are pleased with the results for the quarter which saw continued growth in loans, deposits and net interest income, resulting in increased earnings over third quarter last year of 11.61 percent," said F. Scott D
ABILENE, Texas, July 18, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $52.49 million for the second quarter of 2024 compared to earnings of $50.87 million for the same quarter a year ago and $53.4 million for the quarter ended March 31, 2024. Basic and diluted earnings per share were $0.37 for the second quarter of 2024 compared with $0.36 for the second quarter of 2023 and $0.37 for the linked quarter. "We are pleased with the second quarter results that are highlighted by strong loan growth and net interest margin expansion which resulted in increased net interest income for the quarter," said F. Scott
ABILENE, Texas, April 18, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings for the first quarter of 2024 of $53.40 million compared to earnings of $52.57 million for the same quarter a year ago. Basic and diluted earnings per share were $0.37 for both quarters ended March 31, 2024 and 2023, respectively. As further described below, the results this quarter compared to the same quarter a year ago included (i) an increase in net interest income of $3.96 million, (ii) a decrease in provision for credit losses of $1.97 million, and (iii) an increase in trust fees of $1.53 million. Offsetting these items was an incre
ABILENE, Texas, Jan. 25, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $45.98 million for the fourth quarter of 2023 compared to earnings of $58.67 million for the same quarter a year ago. Basic and diluted earnings per share were $0.32 for the fourth quarter of 2023 compared with $0.41 for the same quarter a year ago. "2023 was a very challenging year for the banking industry due to the Federal Reserve's highest and most rapid increase in interest rates in our country's history. Despite the decline in our year-over-year net income in 2023, I am proud of the many accomplishments we achieved during the year
ABILENE, Texas, July 20, 2023 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $50.87 million for the second quarter of 2023 compared to earnings of $60.49 million for the same quarter a year ago. Basic and diluted earnings per share were $0.36 for the second quarter of 2023 compared with $0.42 for the second quarter of 2022. As further described below, the results this quarter when compared to the same quarter a year ago included (i) a $2.92 million decrease in net interest income, (ii) a $3.15 million decrease in debit card fees, (iii) a $2.19 million decrease in mortgage revenues, (iv) a $1.60 million decrease i
ABILENE, Texas, April 25, 2023 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) – In connection with the 2023 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a $0.18 per share cash dividend for the second quarter, which represents a 5.9 percent increase and will be paid to shareholders of record on June 15, 2023, with payment set for July 3, 2023. Shareholders elected eleven existing members to the Board of Directors. The elected directors are April Anthony, CEO of VitalCaring Group and Managing Partner, Anthony Family Investment Partners, LTD, Dallas; Vianei Lopez Braun, Attorney, Decker Jones, P.C., Fort Worth; David Co
ABILENE, Texas, April 20, 2023 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings for the first quarter of 2023 of $52.57 million compared to earnings of $55.97 million for the same quarter a year ago. Basic and diluted earnings per share were $0.37 for the first quarter of 2023 compared with $0.39 for the same quarter a year ago. As further described below, the results this quarter compared to the same quarter a year ago included (i) a decrease in debit card fees of $3.99 million, (ii) a decrease in mortgage revenues of $3.36 million and (iii) an increase in FDIC assessment fees of $785 thousand. Offsetting these items
ABILENE, Texas, Jan. 19, 2023 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ:FFIN) today reported earnings of $58.67 million for the fourth quarter of 2022 compared to earnings of $55.34 million for the same quarter a year ago. Basic and diluted earnings per share were $0.41 for the fourth quarter of 2022 compared with $0.39 for the same quarter a year ago. Earnings for the year ended December 31, 2022, totaled $234.48 million compared to $227.56 million for the year ended December 31, 2021, reflecting an increase of $6.91 million, or 3.04 percent. Basic and diluted earnings per share were $1.64 for the year ended December 31, 2022, compared wit
ABILENE, Texas, Oct. 20, 2022 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company") (NASDAQ:FFIN) today reported earnings of $59.34 million for the third quarter of 2022 compared to earnings of $58.93 million for the same quarter a year ago. Diluted earnings per share were $0.41 for both the third quarter of 2022 and 2021. As of September 30, 2022, the Company has 4.75 million shares remaining under the previously announced share repurchase authorization. Through September 30, 2022, the Company has repurchased 244,559 shares of its common stock at an average price of $38.61. As further described below, the results this quarter compared to the same quarter a year ago included an i
ABILENE, Texas, July 21, 2022 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ:FFIN) today reported earnings of $60.49 million for the second quarter of 2022 compared to earnings of $56.38 million for the same quarter a year ago. Basic and diluted earnings per share were $0.42 for the second quarter of 2022 compared with $0.40 and $0.39, respectively, for the second quarter of 2021. Through July 20, 2022, the Company has repurchased 244,559 shares of its common stock at an average price of $38.61. Currently, the Company has 4.75 million shares remaining under the share repurchase authorization through July 31, 2023. As further described below, the results this quarter compared to the