First Financial Bankshares Inc - Understand $ffin stock

$FFIN Market Cap: $5.55 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$438.5M

TTM

Gross Margin

Net Earnings

$201.4M

TTM

Current Assets

Current Liabilities

$162.7M

Q2 2024

Current Ratio

Total Assets

$13.16B

Q2 2024

Total Liabilities

$11.65B

Q2 2024

Book Value

$1.519B

Q2 2024

Cash

$369.4M

Q2 2024

P/E

27.55

Oct 17, 2024 EST

Free Cash Flow

$259.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$528.1M	$432.9M	$376.4M	$364.1M	$319.2M	$291.7M	$246.0M	$232.3M	$221.6M	$198.5M	$176.4M	$159.8M	$160.0M	$149.7M
YoY Change	22.0%	15.0%	3.37%	14.08%	9.43%	18.59%	5.89%	4.81%	11.63%	12.57%	10.37%	-0.14%	6.9%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$528.1M	$432.9M	$376.4M	$364.1M	$319.2M	$291.7M	$246.0M	$232.3M	$221.6M	$198.5M	$176.4M	$159.8M	$160.0M	$149.7M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.84M	$10.82M	$10.50M	$9.865M	$9.801M	$10.13M	$9.810M	$9.390M	$9.125M	$7.833M	$7.196M	$6.492M	$5.875M	$5.604M	$7.700M	$8.000M	$7.800M	$8.000M	$6.300M	$5.000M	$4.300M	$4.100M	$5.700M	$5.500M	$6.000M	$6.200M	$5.000M	$4.000M	$3.000M	$3.500M	$2.500M	$2.500M	$2.400M	$2.000M	$1.900M	$1.400M	$1.200M	$1.300M
YoY Change	0.22%	2.99%	6.48%	0.65%	-3.25%	3.26%	4.47%	2.9%	16.49%	8.85%	10.84%	10.5%	4.84%	-27.22%	-3.75%	2.56%	-2.5%	26.98%	26.0%	16.28%	4.88%	-28.07%	3.64%	-8.33%	-3.23%	24.0%	25.0%	33.33%	-14.29%	40.0%	0.0%	4.17%	20.0%	5.26%	35.71%	16.67%	-7.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$144.3M	$31.44M	$6.042M	$14.24M	$30.10M	$18.93M	$9.288M	$5.451M	$4.088M	$4.181M	$4.088M	$5.112M	$8.024M	$13.53M
YoY Change	358.85%	420.36%	-57.58%	-52.68%	59.02%	103.81%	70.39%	33.34%	-2.22%	2.27%	-20.03%	-36.29%	-40.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$243.3M	$280.9M	$272.0M	$242.4M	$198.0M	$178.2M	$147.2M	$135.9M	$131.8M	$118.6M	$104.6M	$99.36M	$92.19M	$78.43M	$72.40M	$73.80M	$69.90M	$65.50M	$62.60M	$55.00M	$49.90M	$48.60M	$42.20M	$41.00M	$37.20M	$34.40M	$31.60M	$28.90M	$25.70M	$20.80M	$18.80M	$16.90M	$12.40M	$10.30M	$8.100M	$6.300M	$5.800M	$2.900M	$5.700M	$6.600M	$8.300M
YoY Change	-13.38%	3.27%	12.22%	22.39%	11.14%	21.05%	8.28%	3.12%	11.15%	13.41%	5.24%	7.78%	17.54%	8.33%	-1.9%	5.58%	6.72%	4.63%	13.82%	10.22%	2.67%	15.17%	2.93%	10.22%	8.14%	8.86%	9.34%	12.45%	23.56%	10.64%	11.24%	36.29%	20.39%	27.16%	28.57%	8.62%	100.0%	-49.12%	-13.64%	-20.48%
Income Tax	$44.32M	$46.40M	$44.41M	$40.33M	$33.22M	$27.54M	$26.82M	$31.15M	$31.44M	$29.03M	$25.70M	$25.14M	$23.82M	$20.07M	$18.60M	$20.60M	$20.40M	$19.40M	$18.50M	$15.80M	$14.60M	$14.60M	$12.80M	$12.70M	$11.50M	$11.10M	$10.60M	$9.900M	$8.700M	$6.800M	$6.100M	$5.200M	$3.800M	$2.800M	$1.800M	$1.000M	$700.0K	-$900.0K	-$100.0K	-$200.0K	$900.0K
% Of Pretax Income	18.22%	16.52%	16.33%	16.64%	16.78%	15.46%	18.22%	22.92%	23.85%	24.48%	24.58%	25.3%	25.84%	25.59%	25.69%	27.91%	29.18%	29.62%	29.55%	28.73%	29.26%	30.04%	30.33%	30.98%	30.91%	32.27%	33.54%	34.26%	33.85%	32.69%	32.45%	30.77%	30.65%	27.18%	22.22%	15.87%	12.07%	-31.03%	-1.75%	-3.03%	10.84%
Net Earnings	$199.0M	$234.5M	$227.6M	$202.0M	$164.8M	$150.6M	$120.4M	$104.8M	$100.4M	$89.56M	$78.87M	$74.23M	$68.37M	$59.66M	$53.80M	$53.20M	$49.50M	$46.00M	$44.00M	$39.20M	$35.30M	$34.00M	$29.40M	$28.30M	$25.70M	$23.30M	$21.00M	$19.00M	$17.00M	$14.00M	$13.70M	$11.70M	$8.600M	$7.600M	$6.300M	$5.300M	$5.200M	$3.800M	$5.900M	$6.800M	$7.300M
YoY Change	-15.14%	3.04%	12.64%	22.58%	9.41%	25.14%	14.89%	4.38%	12.08%	13.56%	6.26%	8.57%	14.6%	10.89%	1.13%	7.47%	7.61%	4.55%	12.24%	11.05%	3.82%	15.65%	3.89%	10.12%	10.3%	10.95%	10.53%	11.76%	21.43%	2.19%	17.09%	36.05%	13.16%	20.63%	18.87%	1.92%	36.84%	-35.59%	-13.24%	-6.85%
Net Earnings / Revenue	37.68%	54.17%	60.46%	55.48%	51.63%	51.64%	48.94%	45.11%	45.29%	45.11%	44.72%	46.45%	42.73%	39.85%
Basic Earnings Per Share	$1.39	$1.64	$1.60	$1.42	$1.22	$2.23	$1.82	$1.59	$1.55	$1.40	$1.24	$1.18	$2.17	$1.91
Diluted Earnings Per Share	$1.39	$1.637M	$1.59	$1.42	$1.21	$2.22	$1.81	$1.59	$1.54	$1.39	$1.24	$1.18	$2.17	$1.91	$430.4K	$425.6K	$396.6K	$368.9K	$352.8K	$314.9K	$284.0K	$274.2K	$237.9K	$227.3K	$205.4K	$186.4K	$168.5K	$157.2K	$146.6K	$122.5K	$128.2K	$110.0K	$95.77K	$84.63K	$68.40K	$55.61K	$53.39K	$38.89K	$61.14K	$69.04K	$74.11K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$151.8M	$153.0M	$150.0M	$142.0M	$131.0M	$133.0M	$124.0M	$123.0M	$116.0M	$103.0M	$96.00M	$84.00M	$76.00M	$70.00M	$64.00M	$66.00M	$62.00M	$59.00M	$60.00M	$50.00M	$44.00M	$41.00M	$42.00M	$40.00M	$42.00M	$43.00M	$44.00M	$34.00M	$32.00M	$29.00M	$30.00M	$24.00M	$26.00M	$27.00M	$27.00M	$21.00M	$21.00M	$19.00M	$20.00M	$20.00M	$10.00M
YoY Change	-0.77%	1.98%	5.63%	8.4%	-1.5%	7.26%	0.81%	6.03%	12.62%	7.29%	14.29%	10.53%	8.57%	9.38%	-3.03%	6.45%	5.08%	-1.67%	20.0%	13.64%	7.32%	-2.38%	5.0%	-4.76%	-2.33%	-2.27%	29.41%	6.25%	10.34%	-3.33%	25.0%	-7.69%	-3.7%	0.0%	28.57%	0.0%	10.53%	-5.0%	0.0%	100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$13.11B	$12.97B	$13.10B	$10.91B	$8.262B	$7.732B	$7.255B	$6.810B	$6.665B	$5.848B	$5.222B	$4.502B	$4.121B	$3.776B	$3.279B	$3.212B	$3.070B	$2.850B	$2.734B	$2.315B	$2.093B	$1.993B	$1.930B	$1.754B	$1.723B	$1.687B	$1.657B	$1.262B	$1.126B	$1.013B	$1.018B	$839.0M	$835.0M	$795.0M	$689.0M	$672.0M	$676.0M	$744.0M	$725.0M	$709.0M	$695.0M
YoY Change
Accounts Payable	$0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$404.1M	$642.5M	$671.0M	$430.0M	$381.0M	$414.0M	$331.0M	$371.0M	$616.0M	$367.0M	$464.0M	$260.0M	$208.0M	$178.0M	$146.0M	$236.0M	$166.0M	$143.0M	$74.00M	$36.00M	$29.00M	$27.00M	$20.00M	$26.00M	$10.00M	$0.00		$0.00	$0.00	$0.00	$0.00	$0.00	$1.000M	$1.000M	$1.000M	$1.000M	$7.000M	$22.00M	$18.00M	$18.00M	$20.00M
YoY Change	-37.11%	-4.25%	56.05%	12.86%	-7.97%	25.08%	-10.78%	-39.77%	67.85%	-20.91%	78.46%	25.0%	16.85%	21.92%	-38.14%	42.17%	16.08%	93.24%	105.56%	24.14%	7.41%	35.0%	-23.08%	160.0%								-100.0%	0.0%	0.0%	0.0%	-85.71%	-68.18%	22.22%	0.0%	-10.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$404.1M	$24.28M	$21.00M	$18.00M	$16.00M	$14.00M	$13.00M	$12.00M	$11.00M	$9.000M	$8.000M	$260.0M	$8.000M	$7.000M	$7.000M	$7.000M	$7.000M	$5.000M	$5.000M	$5.000M	$5.000M	$4.000M	$4.000M	$3.000M	$3.000M	$3.000M	$2.000M	$2.000M	$2.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$20.00M
YoY Change	1564.39%	15.61%	16.67%	12.5%	14.29%	7.69%	8.33%	9.09%	22.22%	12.5%	-96.92%	3150.0%	14.29%	0.0%	0.0%	0.0%	40.0%	0.0%	0.0%	0.0%	25.0%	0.0%	33.33%	0.0%	0.0%	50.0%	0.0%	0.0%	100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-95.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.000M	$7.000M	$1.000M	$0.00	$4.000M	$1.000M	$1.000M	$3.000M
YoY Change																										-100.0%							-100.0%	14.29%	600.0%		-100.0%	300.0%	0.0%	-66.67%
Other Long-Term Liabilities	$64.31M	$60.32M	$84.00M	$102.0M	$34.00M	$15.00M	$25.00M	$36.00M	$44.00M	$40.00M	$27.00M	$53.00M	$62.00M	$36.00M	$26.00M	$18.00M	$16.00M	$17.00M	$12.00M	$14.00M	$11.00M	$12.00M	$7.000M	$8.000M	$7.000M	$9.000M	$7.000M	$7.000M	$7.000M	$6.000M	$7.000M	$7.000M	$8.000M	$8.000M	$8.000M	$7.000M	$11.00M	$7.000M	$6.000M	$8.000M	$8.000M
YoY Change	6.63%	-28.2%	-17.65%	200.0%	126.67%	-40.0%	-30.56%	-18.18%	10.0%	48.15%	-49.06%	-14.52%	72.22%	38.46%	44.44%	12.5%	-5.88%	41.67%	-14.29%	27.27%	-8.33%	71.43%	-12.5%	14.29%	-22.22%	28.57%	0.0%	0.0%	16.67%	-14.29%	0.0%	-12.5%	0.0%	0.0%	14.29%	-36.36%	57.14%	16.67%	-25.0%	0.0%
Total Long-Term Liabilities	$64.31M	$60.32M	$84.00M	$102.0M	$34.00M	$15.00M	$25.00M	$36.00M	$44.00M	$40.00M	$27.00M	$53.00M	$62.00M	$36.00M	$26.00M	$18.00M	$16.00M	$17.00M	$12.00M	$14.00M	$11.00M	$12.00M	$7.000M	$8.000M	$7.000M	$9.000M	$12.00M	$7.000M	$7.000M	$6.000M	$7.000M	$7.000M	$8.000M	$16.00M	$15.00M	$8.000M	$11.00M	$11.00M	$7.000M	$9.000M	$11.00M
YoY Change	6.63%	-28.2%	-17.65%	200.0%	126.67%	-40.0%	-30.56%	-18.18%	10.0%	48.15%	-49.06%	-14.52%	72.22%	38.46%	44.44%	12.5%	-5.88%	41.67%	-14.29%	27.27%	-8.33%	71.43%	-12.5%	14.29%	-22.22%	-25.0%	71.43%	0.0%	16.67%	-14.29%	0.0%	-12.5%	-50.0%	6.67%	87.5%	-27.27%	0.0%	57.14%	-22.22%	-18.18%
Total Liabilities	$11.61B	$11.71B	$11.34B	$9.226B	$7.035B	$6.679B	$6.332B	$5.972B	$5.860B	$5.167B	$4.635B	$3.945B	$3.612B	$3.335B	$2.864B	$2.844B	$2.735B	$2.549B	$2.458B	$2.050B	$1.841B	$1.754B	$1.716B	$1.558B	$1.545B	$1.517B	$1.503B	$1.131B	$1.006B	$909.0M	$921.0M	$758.0M	$761.0M	$727.0M	$626.0M	$611.0M	$617.0M	$687.0M	$669.0M	$653.0M	$644.0M
YoY Change	-0.87%	3.22%	22.95%	31.14%	5.33%	5.48%	6.03%	1.91%	13.41%	11.48%	17.49%	9.22%	8.31%	16.45%	0.7%	3.99%	7.3%	3.7%	19.9%	11.35%	4.96%	2.21%	10.14%	0.84%	1.85%	0.93%	32.89%	12.43%	10.67%	-1.3%	21.5%	-0.39%	4.68%	16.13%	2.45%	-0.97%	-10.19%	2.69%	2.45%	1.4%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	142.7M	142.6M	142.3M	142.0M	135.6M	67.61M shares	66.13M shares	66.01M shares	64.89M shares	64.05M shares	63.58M shares	62.96M shares	31.44M shares	31.29M shares
Diluted Shares Outstanding	142.9M	143.2M	143.1M	142.5M	136.3M	67.98M shares	66.32M shares	66.10M shares	65.07M shares	64.31M shares	63.86M shares	63.00M shares	31.46M shares	31.32M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.5498 Billion

About First Financial Bankshares Inc

First Financial Bankshares, Inc. is a holding company, which engages in the provision of financial and community banking services. The company is headquartered in Abilene, Texas and currently employs 1,400 full-time employees. The Company, through its subsidiaries, conducts a full-service commercial banking business. Its subsidiary bank, First Financial Bank, N.A., provides general commercial banking services, which include accepting and holding checking, savings, and time deposits, making loans, offering automated teller machines (ATMs), 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 services. The company also provides trust and wealth management activities through its trust company, First Financial Trust & Asset Management Company, N.A. Through its trust company, it offers personal trust services, which include wealth management, the administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts. Its loan portfolio consists of professionals, individuals, and others.

Industry: State Commercial Banks Peers: BOK Financial Corp SouthState Corp Glacier Bancorp Inc Pinnacle Financial Partners Inc PNC Financial Services Group Inc Prosperity Bancshares Inc Valley National Bancorp Zions Bancorporation NA WESTERN ALLIANCE BANCORPORATION WEBSTER FINANCIAL CORP