What is First Financial Bankshares's earnings per share (EPS)?

First Financial Bankshares (FFIN) reported diluted earnings per share of $1.77 for fiscal year 2025. This represents a 13.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

First Financial Bankshares Financials

FFIN

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows First Financial Bankshares (FFIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FFIN FY2025 2026-05-05

Balance-sheet expansion is lifting earnings, but the clearer mechanic is steady asset-level profitability rather than sharply better margins.

From FY2023 to FY2025, assets grew from $13.1B to $15.4B while debt-to-equity eased from 7.7x to 7.1x, yet ROA stayed pinned near 1.6% and ROE stayed around 13%. That combination says recent earnings growth came mainly from carrying a larger balance sheet with slightly more capital support, not from becoming materially more profitable per dollar of assets.

The FY2025 cash build to $1.08B was not mainly an operating story: financing inflows of $1.03B almost offset investing outflows of -$1.02B, while operating cash flow was $299M. In plain terms, liquidity was being managed through balance-sheet movements as much as through current-year earnings.

Reported cash conversion has held up better than the post-FY2022 margin structure: from FY2023 through FY2025, operating cash flow stayed in a tight band between $285M and $310M even as net margin settled from 37.7% to 36.1%. That points to a cash-generative earnings base rather than a business that must keep stepping up reinvestment, since capital spending was only $13M in FY2025.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of First Financial Bankshares's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

First Financial Bankshares's revenue grew 11.7% year-over-year to $702.5M, a solid pace of expansion. This earns a growth score of 59/100.

Leverage

First Financial Bankshares has elevated debt relative to equity (D/E of 7.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

First Financial Bankshares converts 40.7% of revenue into free cash flow ($286.0M). This strong cash generation earns a score of 100/100.

Returns

First Financial Bankshares's ROE of 13.2% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 13.9% the prior year.

Piotroski F-Score Neutral

5/9

First Financial Bankshares passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.18x

For every $1 of reported earnings, First Financial Bankshares generates $1.18 in operating cash flow ($299.4M OCF vs $253.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$702.5M

YoY+11.7%

5Y CAGR+14.0%

10Y CAGR+12.2%

First Financial Bankshares generated $702.5M in revenue in fiscal year 2025. This represents an increase of 11.7% from the prior year.

EBITDA

N/A

Net Income

$253.6M

YoY+13.5%

5Y CAGR+4.6%

10Y CAGR+9.7%

First Financial Bankshares reported $253.6M in net income in fiscal year 2025. This represents an increase of 13.5% from the prior year.

EPS (Diluted)

$1.77

YoY+13.5%

5Y CAGR+4.5%

10Y CAGR+1.4%

First Financial Bankshares earned $1.77 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$286.0M

YoY-2.4%

5Y CAGR+8.0%

10Y CAGR+12.1%

First Financial Bankshares generated $286.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 2.4% from the prior year.

Cash & Debt

$1.1B

YoY+41.2%

5Y CAGR+8.1%

First Financial Bankshares held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.75

YoY+4.2%

5Y CAGR+8.0%

10Y CAGR+1.9%

First Financial Bankshares paid $0.75 per share in dividends in fiscal year 2025. This represents an increase of 4.2% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

36.1%

YoY+0.6pp

5Y CAGR-19.4pp

10Y CAGR-9.2pp

First Financial Bankshares's net profit margin was 36.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.

Return on Equity

13.2%

YoY-0.7pp

5Y CAGR+1.2pp

10Y CAGR+0.8pp

First Financial Bankshares's ROE was 13.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

First Financial Bankshares spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$13.4M

YoY-19.6%

5Y CAGR-4.0%

10Y CAGR-2.6%

First Financial Bankshares invested $13.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 19.6% from the prior year.

FFIN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$702.5M+11.7%	$628.9M+19.1%	$528.1M+22.0%	$432.9M+15.0%	$376.4M+3.4%	$364.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$174.6M+13.9%	$153.3M+16.2%	$131.9M-1.7%	$134.1M-5.6%	$142.0M+5.1%	$135.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$201.6M-0.3%	$202.2M+40.1%	$144.3M+358.8%	$31.4M+420.4%	$6.0M-57.6%	$14.2M
Income Tax	$56.0M+15.9%	$48.3M+9.1%	$44.3M-4.5%	$46.4M+4.5%	$44.4M+10.1%	$40.3M
Net Income	$253.6M+13.5%	$223.5M+12.3%	$199.0M-15.1%	$234.5M+3.0%	$227.6M+12.6%	$202.0M
EPS (Diluted)	$1.77+13.5%	$1.56+12.2%	$1.39-15.2%	$1.64+3.1%	$1.59+12.0%	$1.42

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$182.9M0.0%	$182.9M+1.8%	$179.7M+4.0%	$172.8M+3.4%	$167.1M+0.8%	$165.8M+3.6%	$160.0M+4.1%	$153.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$46.0M-2.6%	$47.2M+10.9%	$42.6M+0.1%	$42.6M+1.0%	$42.1M+1.2%	$41.6M+11.1%	$37.5M+0.1%	$37.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$48.2M-6.5%	$51.5M-2.3%	$52.7M+7.4%	$49.1M+1.6%	$48.3M-2.7%	$49.7M-6.0%	$52.8M+4.9%	$50.4M
Income Tax	$16.3M+0.3%	$16.2M+49.0%	$10.9M-27.7%	$15.1M+9.2%	$13.8M+1.0%	$13.7M+13.7%	$12.0M+7.8%	$11.2M
Net Income	$71.5M-2.4%	$73.3M+40.3%	$52.3M-21.6%	$66.7M+8.7%	$61.3M-1.6%	$62.3M+12.7%	$55.3M+5.4%	$52.5M
EPS (Diluted)	$0.50	N/A	$0.36-23.4%	$0.47+9.3%	$0.43	N/A	$0.39+5.4%	$0.37

FFIN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.4B+10.5%	$14.0B+6.7%	$13.1B+1.0%	$13.0B-1.0%	$13.1B+20.2%	$10.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+41.2%	$763.4M+42.3%	$536.6M+62.3%	$330.7M-37.4%	$528.6M-27.5%	$729.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$313.5M0.0%	$313.5M0.0%	$313.5M0.0%	$313.5M0.0%	$313.5M0.0%	$313.5M
Total Liabilities	$13.5B+9.3%	$12.4B+6.6%	$11.6B-0.9%	$11.7B+3.2%	$11.3B+22.9%	$9.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.9B+19.3%	$1.6B+7.2%	$1.5B+18.4%	$1.3B-28.1%	$1.8B+4.8%	$1.7B
Retained Earnings	$1.5B+10.9%	$1.3B+9.9%	$1.2B+8.7%	$1.1B+14.3%	$981.7M+17.3%	$836.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$15.4B-0.4%	$15.4B+4.1%	$14.8B+3.2%	$14.4B+0.5%	$14.3B+2.4%	$14.0B+2.9%	$13.6B+3.2%	$13.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$737.1M-31.6%	$1.1B+65.6%	$650.8M-8.1%	$708.4M-23.6%	$927.1M+21.4%	$763.4M+30.8%	$583.7M+58.0%	$369.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$313.5M	N/A	N/A	N/A	$313.5M	N/A	N/A
Total Liabilities	$13.4B-0.6%	$13.5B+4.0%	$13.0B+2.9%	$12.6B+0.1%	$12.6B+2.1%	$12.4B+3.8%	$11.9B+2.4%	$11.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.9B+1.4%	$1.9B+4.8%	$1.8B+5.3%	$1.7B+3.4%	$1.7B+4.6%	$1.6B-3.3%	$1.7B+9.4%	$1.5B
Retained Earnings	$1.5B+3.0%	$1.5B+3.2%	$1.4B+1.8%	$1.4B+2.9%	$1.4B+2.7%	$1.3B+2.8%	$1.3B+2.3%	$1.3B

FFIN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$299.4M-3.3%	$309.6M+8.7%	$284.8M-12.2%	$324.3M-8.7%	$355.2M+68.6%	$210.7M
Capital Expenditures	$13.4M-19.6%	$16.7M-3.1%	$17.3M+9.3%	$15.8M-17.8%	$19.2M+16.7%	$16.4M
Free Cash Flow	$286.0M-2.4%	$292.9M+9.5%	$267.6M-13.3%	$308.5M-8.2%	$335.9M+73.0%	$194.2M
Investing Cash Flow	-$1.0B-37.9%	-$736.9M-678.9%	$127.3M+115.2%	-$838.0M+67.9%	-$2.6B-106.9%	-$1.3B
Financing Cash Flow	$1.0B+57.7%	$654.1M+417.2%	-$206.2M-165.3%	$315.8M-84.6%	$2.1B+37.2%	$1.5B
Dividends Paid	$106.0M+3.0%	$102.9M+2.9%	$100.0M+9.5%	$91.3M+14.6%	$79.7M+13.4%	$70.3M
Share Buybacks	$0	$0-100.0%	$2.7M-71.0%	$9.4M	$0-100.0%	$8.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$101.6M+35.7%	$74.9M-13.4%	$86.5M+41.1%	$61.3M-20.2%	$76.8M-9.1%	$84.5M+4.7%	$80.7M+17.3%	$68.8M
Capital Expenditures	$4.1M-30.6%	$6.0M+113.9%	$2.8M+8.4%	$2.6M+21.6%	$2.1M-55.7%	$4.8M+56.3%	$3.1M-38.7%	$5.0M
Free Cash Flow	$97.5M+41.5%	$68.9M-17.6%	$83.7M+42.5%	$58.7M-21.4%	$74.7M-6.3%	$79.7M+2.6%	$77.7M+21.7%	$63.8M
Investing Cash Flow	-$321.1M-142.8%	-$132.2M+74.5%	-$518.5M-132.4%	-$223.1M-56.7%	-$142.4M+57.7%	-$336.6M-209.0%	-$108.9M+50.9%	-$221.9M
Financing Cash Flow	-$121.4M-125.1%	$484.5M+29.4%	$374.5M+758.6%	-$56.9M-124.8%	$229.2M-46.9%	$431.8M+78.1%	$242.5M+412.1%	-$77.7M
Dividends Paid	$27.2M-0.1%	$27.3M+0.2%	$27.2M+5.6%	$25.8M+0.1%	$25.8M+0.1%	$25.7M+0.1%	$25.7M-0.1%	$25.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FFIN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	36.1%+0.6pp	35.5%-2.1pp	37.7%-16.5pp	54.2%-6.3pp	60.5%+5.0pp	55.5%
Return on Equity	13.2%-0.7pp	13.9%+0.6pp	13.3%-5.2pp	18.5%+5.6pp	12.9%+0.9pp	12.0%
Return on Assets	1.6%+0.0pp	1.6%+0.1pp	1.5%-0.3pp	1.8%+0.1pp	1.7%-0.1pp	1.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.06-0.6	7.70-0.0	7.74-1.5	9.25+2.8	6.45+1.0	5.50
FCF Margin	40.7%-5.9pp	46.6%-4.1pp	50.7%-20.6pp	71.3%-18.0pp	89.3%+35.9pp	53.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	39.1%-1.0pp	40.1%+11.0pp	29.1%-9.5pp	38.6%+1.9pp	36.7%-0.9pp	37.6%+3.0pp	34.6%+0.4pp	34.2%
Return on Equity	3.7%-0.1pp	3.8%+1.0pp	2.9%-1.0pp	3.8%+0.2pp	3.6%-0.2pp	3.9%+0.5pp	3.3%-0.1pp	3.5%
Return on Assets	0.5%-0.0pp	0.5%+0.1pp	0.4%-0.1pp	0.5%+0.0pp	0.4%-0.0pp	0.4%+0.0pp	0.4%+0.0pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.92-0.1	7.06-0.1	7.11-0.2	7.28-0.2	7.52-0.2	7.70+0.5	7.17-0.5	7.67
FCF Margin	53.3%+15.6pp	37.7%-8.9pp	46.6%+12.6pp	34.0%-10.7pp	44.7%-3.4pp	48.1%-0.5pp	48.5%+7.0pp	41.5%

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Frequently Asked Questions

What is First Financial Bankshares's annual revenue?

First Financial Bankshares (FFIN) reported $702.5M in total revenue for fiscal year 2025. This represents a 11.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Financial Bankshares's revenue growing?

First Financial Bankshares (FFIN) revenue grew by 11.7% year-over-year, from $628.9M to $702.5M in fiscal year 2025.

Is First Financial Bankshares profitable?

Yes, First Financial Bankshares (FFIN) reported a net income of $253.6M in fiscal year 2025, with a net profit margin of 36.1%.

What is First Financial Bankshares's net profit margin?

First Financial Bankshares (FFIN) had a net profit margin of 36.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Financial Bankshares pay dividends?

Yes, First Financial Bankshares (FFIN) paid $0.75 per share in dividends during fiscal year 2025.

What is First Financial Bankshares's return on equity (ROE)?

First Financial Bankshares (FFIN) has a return on equity of 13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Financial Bankshares's free cash flow?

First Financial Bankshares (FFIN) generated $286.0M in free cash flow during fiscal year 2025. This represents a -2.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Financial Bankshares's operating cash flow?

First Financial Bankshares (FFIN) generated $299.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Financial Bankshares's total assets?

First Financial Bankshares (FFIN) had $15.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Financial Bankshares's capital expenditures?

First Financial Bankshares (FFIN) invested $13.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is First Financial Bankshares's debt-to-equity ratio?

First Financial Bankshares (FFIN) had a debt-to-equity ratio of 7.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Financial Bankshares's return on assets (ROA)?

First Financial Bankshares (FFIN) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Financial Bankshares's Piotroski F-Score?

First Financial Bankshares (FFIN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Financial Bankshares's earnings high quality?

First Financial Bankshares (FFIN) has an earnings quality ratio of 1.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Financial Bankshares?

First Financial Bankshares (FFIN) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.