First Financial Bankshares Named No. 2 Bank In The Nation

Rhea-AI Summary

On August 4, 2021, First Financial Bankshares (NASDAQ: FFIN) was recognized as the No. 2 top-performing publicly traded bank in the U.S. within the $5-$50 billion asset category by Bank Director Magazine. This achievement marks the 13th consecutive year the bank has been listed among the top performers. The bank's strong performance is attributed to teamwork and strategic planning, reflecting the commitment of its employees and the trust of its customers. Additionally, Forbes named First Financial one of America's Best Banks, and it ranked No. 1 in Texas by Newsweek.

Positive

• Ranked No. 2 among publicly traded banks in the $5-$50 billion asset category by Bank Director Magazine.
• Achieved this ranking for the 13th consecutive year, indicating consistent performance.
• Named to Forbes' list of America's Best Banks, showcasing high customer service.
• Recognized as the No. 1 bank in Texas by Newsweek.

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• None.

ABILENE, Texas, Aug. 4, 2021 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) was recently named the No. 2 top-performing publicly traded bank in the nation in the $5-$50 billion asset category by Bank Director Magazine. The designation marks the 13^th-consecutive year the bank has been listed among the top seven performers nationally and the seventh time at No. 2 or higher.

"This rating does not come easy but with much teamwork, strategic planning, expertise, and a lot of hard work," said F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares. "This award is attributed to every employee, officer, board member, and advisory board member whose dedication and commitment to this company make us what we are today. This recognition also reflects the loyalty of our customers whose trust in us make First Financial a national industry leader."

First Financial Bankshares has appeared annually in the listing, since it was first introduced by Bank Director Magazine in 2009. The bank previously was listed No. 1 in 2010 and 2014 and No. 2 in 2009, 2011, 2012 and 2015.

Last month, First Financial was named to Forbes' annual listing of America's Best Banks in Each State, which recognizes financial institutions that best serve their customers' needs. Last fall, the bank was recognized in Newsweek's inaugural posting of America's Best Banks as the No. 1 bank in Texas.

Bank Director Magazine comprised its list based on profitability measures, including return on average assets and return on average equity; strength of capital in the tangible common equity to tangible asset ratio; and asset quality measures, including the ratio of nonperforming assets to total loans and other real estate owned, and net charge-offs to average loan ratio.

The complete rankings list from Bank Director Magazine is available on its website at www.bankdirector.com.

About First Financial Bankshares, Inc.

Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that through its wholly-owned subsidiary, First Financial Bank, N.A., operates multiple banking regions with 78 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with ten locations and First Technology Services, Inc., a technology operating company. The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at http://www.ffin.com.

 

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SOURCE First Financial Bankshares, Inc.

FAQ

What ranking did First Financial Bankshares receive from Bank Director Magazine in 2021?

First Financial Bankshares was ranked No. 2 among publicly traded banks in the $5-$50 billion asset category.

How many years has First Financial Bankshares been listed among top-performing banks?

First Financial has been listed among the top seven performers for 13 consecutive years.

What other recognition did First Financial Bankshares receive in 2021?

In 2021, First Financial was also named to Forbes' list of America's Best Banks.

Who is the CEO of First Financial Bankshares?

The CEO of First Financial Bankshares is F. Scott Dueser.

What criteria were used to determine First Financial's ranking by Bank Director Magazine?

The ranking was based on profitability measures, capital strength, and asset quality.