First Financial Bankshares Inc - FFIN STOCK NEWS

The Board of Directors of First Financial Bankshares has promoted J. Kyle McVey to Executive Vice President, Chief Accounting Officer. This decision was announced by CEO F. Scott Dueser, highlighting McVey's critical role in financial reporting, budgeting, audits, and investor relations. McVey, who joined the company in 2011, has contributed significantly to enhancing customer service culture and community initiatives. He holds degrees in accounting and finance, is a licensed CPA, and has received multiple academic honors.

First Financial Bankshares has promoted Luke Longhofer to Executive Vice President and Chief Lending Officer, succeeding Gary Gragg, who retired after 31 years. Longhofer has served as Chief Credit Officer and has significantly contributed to the bank's growth, including overseeing over $1 billion in PPP and Main Street Lending Programs. With over a decade of experience at the bank, he is positioned to strengthen its lending strategy. The company operates 78 locations across Texas and is traded on NASDAQ under FFIN.

First Financial Bankshares, Inc. (NASDAQ: FFIN) reported a Q4 2021 net income of $55.34 million, a decrease from $58.48 million a year earlier, with EPS dropping to $0.39 from $0.41. For the year 2021, earnings increased to $227.56 million, or 12.64% growth year-over-year. The bank saw a significant increase in deposits, up $1.89 billion (21.79%) and loans up 13.84% after excluding PPP loans. Net interest income rose to $94.81 million. However, its net interest margin declined to 3.29% from 3.75% in Q4 2020.

First Financial Bankshares has appointed Eli Jones, Ph.D., to its Board of Directors, enhancing its governance. With extensive experience in higher education and public companies, Jones will also join the First Financial Bank, N.A. Board. His tenure includes prominent roles at Texas A&M University and other institutions. Chairman Scott Dueser expressed confidence in Jones’s expertise in marketing and sales culture, anticipating a positive influence on the company's strategic direction.

The Fort Worth Regional Board of First Financial Bank has elected Vianei Braun as chair of the regional board of directors. Braun has been a dedicated advocate for the bank since 1998, serving as its employment attorney for 24 years. She is recognized for her expertise in labor and employment law and brings extensive experience to the role. Former chairman Murray Edwards praised her as a rising star who will introduce new ideas and direction. First Financial Bankshares, Inc. operates multiple banking locations across Texas and is listed on NASDAQ under the ticker FFIN.

First Financial Bank, N.A. has promoted David Bailey to Executive Vice President for Commercial Banking. This newly created role aims to enhance the bank's commercial loan portfolio as it grows. Bailey, who has been with the bank for 18 years, will oversee the commercial banking operations and work with regional presidents on business development and partnership strategies. Chairman Scott Dueser praised Bailey's career growth and impact on bank success. The bank, headquartered in Abilene, Texas, operates numerous locations across the state and is listed on NASDAQ under the symbol FFIN.

First Financial Bankshares, Inc. (FFIN) reported Q3 2021 earnings of $58.93 million, up from $52.86 million YoY. This equates to earnings per share (EPS) of $0.41, compared to $0.37 the previous year. Net interest income rose to $95.78 million, driven by organic growth, with net loan growth of $162.95 million excluding PPP loans. Customer deposits increased by $111.42 million. While noninterest expenses rose to $62.94 million, the efficiency ratio was 45.88%. Total assets grew to $12.54 billion as of September 30, 2021.

First Financial Bank, N.A. has appointed Chris Baughman as President of the Conroe Region, succeeding Sam Baker, who will retire in March 2022. Baughman, with over a decade at First Financial, has a track record in commercial, real estate, and consumer lending, managing a loan portfolio of $98 million. His extensive experience in banking is expected to enhance the bank's presence in Conroe. Baughman expressed gratitude for his new role and aims to build upon Baker's legacy.

First Financial Bank, a subsidiary of First Financial Bankshares (NASDAQ: FFIN), successfully held its sixth annual Day of Service on October 11, 2021. Over 1,000 employees from 78 branches participated, collaborating with nearly 100 local non-profit organizations in Texas. Chairman and CEO Scott Dueser emphasized the bank's commitment to its communities, stating that the efforts reflect the genuine care of its employees. This initiative showcases the bank's dedication to corporate social responsibility and community engagement.