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First Financial Bankshares Inc - FFIN STOCK NEWS

Welcome to our dedicated page for First Financial Bankshares news (Ticker: FFIN), a resource for investors and traders seeking the latest updates and insights on First Financial Bankshares stock.

First Financial Bankshares, Inc. (NASDAQ: FFIN) is a prominent financial holding company headquartered in Abilene, Texas. It operates mainly through its wholly-owned subsidiary, First Financial Bank, N.A., which provides full-service commercial banking across Texas through over 70 regional locations, spanning from the Panhandle to Southeast Texas.

With a rich history that dates back 125 years, First Financial Bankshares has established itself as one of the nation's most financially secure institutions with assets totaling $6.47 billion. The company’s core business is community banking, offering a wide range of services including commercial banking, trust and asset management, and technology services through its subsidiaries, such as First Financial Trust and Asset Management Company, N.A., and First Technology Services, Inc.

Noteworthy achievements include the recent successful conversion of First Financial Bank and First Financial Trust and Asset Management Company charters to Texas state banking associations, which is expected to enhance communication with regulators and reduce examination fees. The company has also shown resilience in challenging economic times, maintaining strong capital levels and liquidity, which has enabled it to attract new loan and deposit customers at favorable terms.

First Financial Bankshares prides itself on exceptional customer service and a community-focused approach, combining the benefits of a large bank with the personalized service of a local bank. Its diverse loan portfolio includes segments such as Commercial and Industrial loans, Municipal, Agricultural, Construction and Development, and various types of Real Estate loans. In addition to banking, the company supports community projects, such as the $5.5 million investment in the Landmark at Abilene senior housing project.

Financially, First Financial Bankshares reported earnings of $53.40 million for the first quarter of 2024, showing resilience amid economic fluctuations. The company has a diversified deposit base, strong regulatory capital ratios, and access to multiple liquidity sources.

News

FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2024 EARNINGS

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First Financial Bankshares, Inc. reported earnings of $53.40 million for Q1 2024, compared to $52.57 million in Q1 2023. Net interest income increased by $3.96 million, provision for credit losses decreased by $1.97 million, and trust fees increased by $1.53 million. Noninterest income rose to $29.38 million, while noninterest expenses totaled $63.94 million. Loans grew by $80.62 million, deposits reached $11.29 billion, and shareholders' equity was $1.49 billion.
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FIRST FINANCIAL BANKSHARES TO LIVE STREAM ANNUAL MEETING

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First Financial Bankshares, Inc. (NASDAQ: FFIN) will live stream its 2024 Annual Shareholders' Meeting on April 23, 2024, featuring key executives discussing operational and financial results as well as strategic direction.
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First Financial Bank Supports Conversion of Historical School into Affordable Senior Housing

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First Financial Bank invests $5.5 million in the Landmark at Abilene senior housing project, converting a historic school into 29 affordable housing units for seniors. The project aims to revitalize the community with amenities like a community room, dog park, and theater room, set for completion by spring 2025.
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First Financial Bank Announces Promotion of Blaine Caillier to Regional President of First Financial Bank, Southeast Region

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First Financial Bank, Southeast Region promotes Blaine Caillier to Regional President, recognizing his exceptional leadership and commercial lending skills. Caillier's career at First Financial spans over thirteen years, with significant contributions to key banking relationships in Southeast Texas. Stephen Lee, South Texas Area Banking Executive, praises Caillier's dedication, strategic vision, and customer relationship-building abilities.
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First Financial Bankshares Names Daniel Neely SVP, Treasury Sales Manager

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First Financial Bankshares, Inc. (NASDAQ: FFIN) appoints Daniel Neely as Senior Vice President, Treasury Sales Manager, leveraging his extensive experience in treasury management and sales to drive revenue growth and expand customer base. Daniel's return to the company brings excitement and optimism for the future, as he aims to build on his past success and contribute to the bank's momentum in 2024.
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First Financial Bankshares, Inc. Names Eric Bonnell Senior Vice President and Director of Enterprise Risk Management

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First Financial Bankshares, Inc. (NASDAQ: FFIN) has appointed Eric Bonnell as the Senior Vice President and Director of Enterprise Risk Management. Bonnell's extensive experience in risk management, gained from a $21 billion bank, will be instrumental in strengthening the organization's risk governance framework. His role will involve overseeing the enterprise risk management structure and keeping the Board of Directors, Executive Management Team, and regulators informed.
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First Financial Bankshares, Inc. Names Keith Morton Executive Vice President

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First Financial Bankshares, Inc. (NASDAQ: FFIN) has appointed Keith Morton as the Executive Vice President (EVP), Houston Credit Administration. Morton will oversee credit functions in the Houston area, contributing to the bank's lending success. His extensive background and experience in commercial banking are expected to provide immediate value to the bank's lending efforts. Morton's previous role was Senior VP of Special Assets at Capital One in Houston, and he has a 20-year tenure at Capital One Bank. The bank also expressed appreciation for Marna Yerigan's work preceding Keith in this role.
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FIRST FINANCIAL BANKSHARES ANNOUNCES FOURTH QUARTER 2023 EARNINGS RESULTS

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First Financial Bankshares, Inc. reported a decrease in earnings for the fourth quarter of 2023 compared to the same quarter a year ago, attributed to the challenging economic environment due to the Federal Reserve's rapid increase in interest rates. However, the company maintained total deposit levels and grew loans organically by $706.92 million, or 10.97 percent, while maintaining conservative credit standards. Despite the decline in net income, the company is well-positioned for success in the economic environment.
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FIRST FINANCIAL BANKSHARES ANNOUNCES THIRD QUARTER 2023 EARNINGS

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First Financial Bankshares, Inc. reports earnings of $49.56 million for Q3 2023 compared to $50.87 million for Q2 2023 and $59.34 million for Q3 2022.
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First Financial Bank, N.A. and First Financial Trust and Asset Management Company, N.A. have filed Applications to Convert to Texas Charters

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First Financial Bankshares announces conversion of its subsidiaries to Texas state banking association and Texas chartered trust company.
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FAQ

What is the current stock price of First Financial Bankshares (FFIN)?

The current stock price of First Financial Bankshares (FFIN) is $36.46 as of December 20, 2024.

What is the market cap of First Financial Bankshares (FFIN)?

The market cap of First Financial Bankshares (FFIN) is approximately 5.2B.

What is First Financial Bankshares, Inc.?

First Financial Bankshares, Inc. is a financial holding company headquartered in Abilene, Texas. It operates multiple banking regions through its subsidiary, First Financial Bank, N.A.

Where is First Financial Bankshares, Inc. located?

First Financial Bankshares, Inc. is headquartered in Abilene, Texas, with over 70 banking locations across the state.

What services does First Financial Bankshares, Inc. offer?

The company provides community banking services including commercial banking, trust and asset management, and technology services through its subsidiaries.

What recent achievements has First Financial Bankshares, Inc. made?

Recently, First Financial Bank and its trust company converted their charters to Texas state banking associations, improving regulatory communication and reducing fees.

How financially secure is First Financial Bankshares, Inc.?

First Financial Bankshares is recognized as one of the nation’s most financially secure banking institutions with assets totaling $6.47 billion.

What is unique about First Financial Bankshares, Inc.?

The company combines the benefits of a large bank with the personalized service of a local bank, and has a strong commitment to customer service and community involvement.

What are the main components of First Financial Bankshares' loan portfolio?

The loan portfolio includes Commercial and Industrial loans, Municipal, Agricultural, Construction and Development, various types of Real Estate loans, and Consumer loans.

How did First Financial Bankshares perform in the first quarter of 2024?

The company reported earnings of $53.40 million for the first quarter of 2024, showing resilience amid economic fluctuations.

What community projects is First Financial Bank involved in?

The company recently invested $5.5 million in the Landmark at Abilene senior housing project, an historic renovation to provide affordable housing for senior citizens.

How does First Financial Bankshares support customer service?

First Financial Bankshares prides itself on exceptional customer service and a community-focused approach, providing personalized service and local decision-making.

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First Financial Bankshares Inc

Nasdaq:FFIN

FFIN Rankings

#1251 Ranked by Market Cap
#1408 Ranked by Dividends

FFIN Stock Data

5.18B
137.03M
4.09%
76.62%
5.3%
Banks - Regional
State Commercial Banks
Link
United States of America
ABILENE