First Financial Bankshares Inc - FFIN STOCK NEWS

First Financial Bankshares, Inc. (FFIN) reported a Q1 2021 net income of $56.92 million, reflecting a 52.87% increase from $37.23 million a year prior. Diluted earnings per share rose to $0.40 from $0.26. The bank experienced an organic asset growth of $1.20 billion, primarily from loan growth and a $737.63 million increase in deposits. Net interest income reached $88.82 million, up $7.92 million, while net interest margin decreased to 3.55%. Noninterest income was $34.87 million, up from $28.73 million last year.

First Financial Bankshares, Inc. (NASDAQ: FFIN) will host its 2021 Annual Shareholders' Meeting on April 27, 2021, at 10:30 a.m. CT. This event will be live-streamed, featuring key executives including Chairman, Scott Dueser, discussing the operational and financial results for 2020 and Q1 2021. Shareholders and interested parties can access the live stream on the company's website, with a replay available after the meeting. First Financial operates numerous locations across Texas, providing a range of banking services.

First Financial Bankshares reported strong Q4 2020 earnings of $58.48 million, a 41.28% increase from Q4 2019. Total annual earnings reached $202.03 million for 2020, up 22.58%. The results include the impact of the TB&T Bancshares acquisition. Net interest income rose to $90.54 million, aided by a increase in average-earning assets. Organic asset growth was $1.9 billion. Trust assets grew to $7.51 billion, and the efficiency ratio improved to 45.49%. Shareholders' equity rose to $1.68 billion.

First Financial Bank, N.A. announced the promotion of Nora P. Thompson to President of the Bryan/College Station Region, effective January 26, 2021. This promotion enhances the bank's leadership team alongside Ivan M. Olson and Timothy N. Bryan. With over 30 years of financial services experience, Thompson has previously served as Executive Vice President and Senior Lender at The Bank and Trust of Bryan/College Station. The Board emphasizes that her leadership will be pivotal for growth in the Brazos Valley community, a key market for the bank.

The Board of Directors of First Financial Bank, N.A. has promoted Shelley Dacus to Chief Executive Officer of the Kingwood Region, succeeding Harry J. Brooks, who will depart at the end of the year. Dacus previously served as President and has over 15 years of banking experience, including leadership roles at Commercial State Bank. Chairman Scott Dueser praised her leadership and commitment to customer service. Dacus holds a finance degree from Sam Houston State University and is active in community and banking associations. The bank operates 78 locations across Texas.

First Financial Bankshares, Inc. (NASDAQ: FFIN) reported Q3 2020 earnings of $52.86 million, a 22.69% increase from $43.08 million in Q3 2019. Basic and diluted EPS rose to $0.37 versus $0.32. This growth is attributed to the TB&T Bancshares acquisition and strong PPP loan activity, totaling $703.73 million. Net interest income increased to $89.21 million, while noninterest income rose to $38.58 million. However, the provision for credit losses surged to $9 million amid economic uncertainties. Consolidated assets reached $10.57 billion, a significant rise from $8.11 billion year-over-year.

First Financial Bankshares organized its fifth annual Day of Service on October 12, 2020, engaging over 900 employees in 40 locations across Texas. The initiative involved various community service projects, including landscaping and disaster assistance. Chairman, President, and CEO Scott Dueser emphasized the importance of community support during challenging times. The company operates multiple banking regions with 78 locations in Texas and is listed on NASDAQ under the symbol FFIN.

First Financial Trust & Asset Management Company has opened a new office in Bryan, Texas, expanding its reach in the Brazos County area. This marks the company's tenth trust office in Texas. Alongside the office launch, Jeff Wind has been elected as Senior Vice President and Trust Office Manager. Wind brings over 15 years of experience in trust and asset management. The new office aims to enhance service for clients in the region, reaffirming the company's commitment to its clientele.