FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2025 EARNINGS

Rhea-AI Summary

First Financial Bankshares (NASDAQ: FFIN) reported strong Q1 2025 earnings of $61.35 million, up from $53.40 million in Q1 2024. Earnings per share increased to $0.43 from $0.37 year-over-year.

Key financial highlights:

• Net interest income rose to $118.79 million from $100.24 million YoY
• Net interest margin improved to 3.74% from 3.34% YoY
• Total assets reached $14.31 billion, up from $13.19 billion
• Loans grew to $7.95 billion from $7.23 billion
• Deposits and Repurchase Agreements increased to $12.52 billion from $11.60 billion

The efficiency ratio improved to 46.36% from 48.37% YoY, while nonperforming assets increased to 0.78% of loans from 0.51%. The company maintained strong capital levels with shareholders' equity at $1.68 billion.

Positive

• Net earnings increased 14.9% YoY to $61.35 million
• Net interest income grew 18.5% YoY to $118.79 million
• Net interest margin improved 40 basis points YoY to 3.74%
• Deposits grew 12.10% annualized in Q1 2025
• Efficiency ratio improved to 46.36% from 48.37%

Negative

• Nonperforming assets increased to 0.78% from 0.51% YoY
• Classified loans increased to $245.61M from $201.59M YoY
• Mortgage income decreased to $2.83M from $3.13M YoY
• Service charges on deposits declined to $6.18M from $6.25M YoY
• Noninterest expenses increased 10% YoY to $70.34M

ABILENE, Texas, April 17, 2025 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings for the first quarter of 2025 of $61.35 million compared to earnings of $53.40 million for the same quarter a year ago. Basic and diluted earnings per share were $0.43 for the quarter ended March 31, 2025 and $0.37 for the quarter ended March 31, 2024.

"Our improved results from first quarter 2024 were primarily due to an increase in net interest income related to our balance sheet growth over the previous year. Strong deposit inflows have supported loan growth as well as continued bond investments which has supported margin growth in addition to bolstering our liquidity," said F. Scott Dueser, Chairman and CEO. "While markets have been volatile recently, our Company remains financially strong, sound and secure as reflected in our capital levels, diversified deposit base and access to multiple liquidity sources. I appreciate our team who live our Non-negotiables every day which provides our customers with outstanding service and helped us attain the honor of being the 3rd Best Bank in the Country by Forbes Magazine," added Mr. Dueser.

Net interest income for the first quarter of 2025 was $118.79 million compared to $116.12 million for the fourth quarter of 2024 and $100.24 million for the first quarter of 2024. The net interest margin, on a taxable equivalent basis, was 3.74 percent in the first quarter of 2025 compared to 3.67 percent in the fourth quarter of 2024 and 3.34 percent in the first quarter of 2024. Average interest-earning assets were $13.16 billion for the first quarter of 2025 compared to $12.37 billion for the same quarter a year ago.

The Company recorded a provision for credit losses of $3.53 million for the first quarter of 2025 compared to a provision for credit losses of $808 thousand for the first quarter of 2024. At March 31, 2025, the allowance for credit losses totaled $101.08 million, or 1.27 percent of loans held-for-investment ("loans" hereafter), compared to $89.56 million, or 1.24 percent of loans, at March 31, 2024. Additionally, the reserve for unfunded commitments totaled $9.21 million at March 31, 2025 compared to $7.46 million at March 31, 2024.

Net charge-offs totaled $236 thousand for the first quarter of 2025 compared to net charge-offs of $428 thousand for the first quarter of 2024. Nonperforming assets as a percentage of loans and foreclosed assets totaled 0.78 percent at March 31, 2025, compared with 0.51 percent at March 31, 2024.  Classified loans totaled $245.61 million at March 31, 2025, compared to $201.59 million at March 31, 2024.

Noninterest income for the first quarter of 2025 was $30.23 million compared to $29.38 million for the first quarter of 2024, due to the following:

• Trust fees increased to $12.65 million for the first quarter of 2025 compared to $11.38 million for the first quarter of 2024, driven by the increase in market value of trust assets managed to $10.86 billion at March 31, 2025, compared to $10.15 billion at March 31, 2024.
• Service charges on deposits decreased to $6.18 million for the first quarter of 2025 compared with $6.25 million for the first quarter of 2024, driven by a decrease in overdraft fees.
• Mortgage income decreased to $2.83 million for the first quarter of 2025 compared to $3.13 million for the first quarter of 2024, due to lower volume in mortgage loans originated.

Noninterest expense for the first quarter of 2025 totaled $70.34 million compared to $63.94 million for the first quarter of 2024, due to the following:

• Salary, commissions, and employee benefit costs increased to $42.14 million for the first quarter of 2025, compared to $36.68 million in the first quarter of 2024, primarily resulting from merit-based and market driven pay increases, an increase of $1.31 million in profit sharing accruals, a $780 thousand increase in stock-based compensation and an increase of $646 thousand in officer incentive accruals. The increase in profit sharing and incentive accruals are directly related to the increase in net income over prior year.
• Noninterest expenses, excluding salary related costs, increased $936 thousand for the first quarter of 2025 compared to the same period in 2024, largely due to increases in software amortization and debit card expenses partially offset by decreases in FDIC insurance expense and operational and other losses.

The Company's efficiency ratio was 46.36 percent for the first quarter of 2025 compared to 48.37 percent for the first quarter of 2024. 

As of March 31, 2025, consolidated total assets were $14.31 billion compared to $13.19 billion at March 31, 2024. Loans totaled $7.95 billion at March 31, 2025, compared with loans of $7.23 billion at March 31, 2024. During the first quarter of 2025, loans grew $32.51 million, or 1.67 percent annualized, when compared to December 31, 2024 balances. Deposits and Repurchase Agreements totaled $12.52 billion at March 31, 2025, compared to $11.60 billion at March 31, 2024. During the first quarter of 2025, Deposits and Repurchase Agreements grew $362.79 million, or 12.10 percent annualized, when compared to December 31, 2024 balances.

Shareholders' equity was $1.68 billion as of March 31, 2025, compared to $1.61 billion and $1.49 billion at December 31, 2024 and March 31, 2024, respectively. The unrealized loss on the securities portfolio, net of applicable tax, totaled $388.89 million at March 31, 2025, compared to an unrealized loss of $424.29 million and $441.23 million at December 31, 2024 and March 31, 2024, respectively.

About First Financial Bankshares, Inc.

Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 79 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, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, with nine 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 https://www.ffin.com.

Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast," "project," and "goal." Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and  acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents and Filings" on the Company's Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

FIRST FINANCIAL BANKSHARES, INC.
CONSOLIDATED FINANCIAL SUMMARY  (UNAUDITED)
(In thousands, except share and per share data)
	As of
		2025			2024
ASSETS		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Cash and due from banks	$	232,943		$	259,996		$	296,188		$	263,262		$	222,464
Interest-bearing demand deposits in banks		682,362			503,417			287,476			103,315			365,397
Federal funds sold		11,750			-			-			2,800			12,300
Investment securities		4,760,431			4,617,759			4,612,299			4,573,024			4,658,526
Loans, held-for-investment		7,945,611			7,913,098			7,723,191			7,519,733			7,229,410
Allowance for credit losses		(101,080)			(98,325)			(99,936)			(95,170)			(89,562)
Net loans, held-for-investment		7,844,531			7,814,773			7,623,255			7,424,563			7,139,848
Loans, held-for-sale		14,348			8,235			20,114			19,668			16,109
Premises and equipment, net		150,589			151,904			151,204			153,075			151,953
Goodwill		313,481			313,481			313,481			313,481			313,481
Other intangible assets		428			523			671			828			984
Other assets		301,251			309,330			278,244			310,059			310,096
Total assets	$	14,312,114		$	13,979,418		$	13,582,932		$	13,164,075		$	13,191,158
LIABILITIES AND SHAREHOLDERS'  EQUITY
Noninterest-bearing deposits	$	3,356,553		$	3,348,041		$	3,303,143		$	3,289,032		$	3,348,147
Interest-bearing deposits		9,110,218			8,751,133			8,452,718			8,120,125			7,941,661
Total deposits		12,466,771			12,099,174			11,755,861			11,409,157			11,289,808
Repurchase agreements		56,606			61,416			57,557			138,950			307,297
Borrowings		26,978			135,603			25,978			23,703			26,803
Trade date payable		-			-			5,416			-			-
Other liabilities		81,498			76,665			75,929			73,239			75,883
Shareholders' equity		1,680,261			1,606,560			1,662,191			1,519,026			1,491,367
Total liabilities and shareholders' equity	$	14,312,114		$	13,979,418		$	13,582,932		$	13,164,075		$	13,191,158
	Quarter Ended
		2025			2024
INCOME STATEMENTS		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Interest income	$	167,110		$	165,792		$	159,958		$	153,673		$	149,495
Interest expense		48,321			49,675			52,849			50,400			49,253
Net interest income		118,789			116,117			107,109			103,273			100,242
Provision for credit losses		3,528			1,003			6,123			5,888			808
Net interest income after provision for credit losses		115,261			115,114			100,986			97,385			99,434
Noninterest income		30,230			30,977			32,362			31,268			29,383
Noninterest expense		70,335			70,099			66,012			65,012			63,940
Net income before income taxes		75,156			75,992			67,336			63,641			64,877
Income tax expense		13,810			13,671			12,028			11,156			11,480
Net income	$	61,346		$	62,321		$	55,308		$	52,485		$	53,397
PER COMMON SHARE DATA
Net income - basic	$	0.43		$	0.44		$	0.39		$	0.37		$	0.37
Net income - diluted		0.43			0.43			0.39			0.37			0.37
Cash dividends declared		0.18			0.18			0.18			0.18			0.18
Book value		11.75			11.24			11.63			10.63			10.44
Tangible book value		9.55			9.04			9.43			8.43			8.24
Market value		35.92			36.05			37.01			29.53			32.81
Shares outstanding - end of period		143,019,433			142,944,704			142,906,070			142,848,909			142,817,159
Average outstanding shares - basic		142,949,514			142,898,110			142,853,215			142,814,363			142,724,674
Average outstanding shares - diluted		143,355,148			143,352,067			143,188,857			143,088,930			143,029,449
PERFORMANCE RATIOS
Return on average assets		1.78	%		1.81	%		1.66	%		1.61	%		1.62	%
Return on average equity		15.12			15.17			14.00			14.43			14.43
Return on average tangible equity		18.68			18.78			17.49			18.38			18.29
Net interest margin (tax equivalent)		3.74			3.67			3.50			3.48			3.34
Efficiency ratio		46.36			46.81			46.45			47.41			48.37
FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
	Quarter Ended
		2025			2024
ALLOWANCE FOR LOAN LOSSES		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Balance at beginning of period	$	98,325		$	99,936		$	95,170		$	89,562		$	88,734
Loans charged-off		(946)			(2,184)			(1,279)			(702)			(850)
Loan recoveries		710			243			493			400			422
Net recoveries (charge-offs)		(236)			(1,941)			(786)			(302)			(428)
Provision for loan losses		2,991			330			5,552			5,910			1,256
Balance at end of period	$	101,080		$	98,325		$	99,936		$	95,170		$	89,562
ALLOWANCE FOR UNFUNDED COMMITMENTS
Balance at beginning of period	$	8,677		$	8,004		$	7,433		$	7,455		$	7,903
Provision for unfunded commitments		537			673			571			(22)			(448)
Balance at end of period	$	9,214		$	8,677		$	8,004		$	7,433		$	7,455
Allowance for loan losses /
period-end loans held-for-investment		1.27	%		1.24	%		1.29	%		1.27	%		1.24	%
Allowance for loan losses /
nonperforming loans		164.16			158.02			156.44			157.20			247.48
Net charge-offs (recoveries) / average total loans
(annualized)		0.01			0.10			0.04			0.02			0.02
	As of
		2025			2024
COMPOSITION OF LOANS HELD-FOR-INVESTMENT		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Commercial:
C&I	$	1,144,429		$	1,176,993		$	1,175,774		$	1,141,990		$	1,191,516
Municipal		338,303			369,246			333,732			359,124			211,013
Total Commercial		1,482,732			1,546,239			1,509,506			1,501,114			1,402,529
Agricultural		90,186			95,543			83,269			86,186			87,882
Real Estate:
Construction & Development		1,098,069			1,054,603			1,013,810			986,394			921,773
Farm		331,464			339,665			315,720			318,597			311,002
Non-Owner Occupied CRE		753,898			805,566			825,928			815,713			853,721
Owner Occupied CRE		1,142,618			1,083,100			1,086,750			1,049,715			1,032,845
Residential		2,217,740			2,196,767			2,112,196			1,990,604			1,918,573
Total Real Estate		5,543,789			5,479,701			5,354,404			5,161,023			5,037,914
Consumer:
Auto		679,189			638,560			618,103			615,192			549,837
Non-Auto		149,715			153,055			157,909			156,218			151,248
Total Consumer		828,904			791,615			776,012			771,410			701,085
Total loans held-for-investment	$	7,945,611		$	7,913,098		$	7,723,191		$	7,519,733		$	7,229,410
SUMMARY OF LOAN CLASSIFICATION
Special Mention	$	46,103		$	42,563		$	41,362		$	57,864		$	62,623
Substandard		199,509			191,288			188,561			161,399			138,964
Doubtful		-			-			-			-			-
Total classified loans	$	245,612		$	233,851		$	229,923		$	219,263		$	201,587
NONPERFORMING ASSETS
Nonaccrual loans	$	60,430		$	61,938		$	63,378		$	60,311		$	36,157
Accruing loans 90 days past due		1,143			287			504			231			33
Total nonperforming loans		61,573			62,225			63,882			60,542			36,190
Foreclosed assets		115			871			535			647			1,014
Total nonperforming assets	$	61,688		$	63,096		$	64,417		$	61,189		$	37,204
As a % of loans held-for-investment and foreclosed assets		0.78	%		0.80	%		0.83	%		0.81	%		0.51	%
As a % of end of period total assets		0.43			0.45			0.47			0.46			0.28
	Quarter Ended
		2025						2024
CAPITAL RATIOS		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Common equity Tier 1 capital ratio		19.12	%		18.83	%		18.83	%		18.42	%		18.60	%
Tier 1 capital ratio		19.12			18.83			18.83			18.42			18.60
Total capital ratio		20.31			20.00			20.03			19.55			19.70
Tier 1 leverage ratio		12.46			12.49			12.53			12.40			12.12
Tangible common equity ratio		9.76			9.46			10.16			9.38			9.14
Equity/Assets ratio		11.74			11.49			12.24			11.54			11.31
	Quarter Ended
		2025						2024
NONINTEREST INCOME		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Trust fees	$	12,653		$	12,662		$	11,694		$	11,714		$	11,379
Service charges on deposits		6,177			6,306			6,428			6,009			6,246
Debit card fees		4,967			5,506			5,528			5,145			4,891
Credit card fees		577			617			617			672			631
Gain on sale and fees on mortgage loans		2,832			3,009			3,359			3,687			3,128
Net gain (loss) on sale of available-for-sale securities		-			-			-			-			-
Net gain (loss) on sale of foreclosed assets		(35)			36			(30)			(58)			-
Net gain (loss) on sale of assets		-			214			267			2			-
Loan recoveries		574			433			1,359			664			555
Other noninterest income		2,485			2,194			3,140			3,433			2,553
Total noninterest income	$	30,230		$	30,977		$	32,362		$	31,268		$	29,383
NONINTEREST EXPENSE
Salaries, commissions and employee benefits, excluding profit sharing	$	39,157		$	37,996		$	35,262		$	35,569		$	35,003
Profit sharing expense		2,985			3,648			2,235			1,903			1,680
Net occupancy expense		3,720			3,753			3,738			3,618			3,470
Equipment expense		2,321			2,305			2,291			2,233			2,237
FDIC insurance premiums		1,575			1,511			1,514			1,508			1,965
Debit card expense		3,373			3,220			3,248			3,242			3,058
Legal, tax and professional fees		3,067			3,751			3,865			3,809			2,734
Audit fees		451			423			582			453			333
Printing, stationery and supplies		482			293			199			425			447
Amortization of intangible assets		95			147			157			157			157
Advertising, meals and public relations		1,677			1,642			1,466			1,466			1,455
Operational and other losses		540			863			955			769			1,154
Software amortization and expense		3,732			3,648			3,712			3,158			3,005
Other noninterest expense		7,160			6,899			6,788			6,702			7,242
Total noninterest expense	$	70,335		$	70,099		$	66,012		$	65,012		$	63,940
TAX EQUIVALENT YIELD ADJUSTMENT	$	2,700		$	2,673		$	2,628		$	2,572		$	2,573

 

FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
	Three Months Ended												Three Months Ended
	Mar. 31, 2025												Dec. 31, 2024
		Average			Tax Equivalent			Yield /						Average			Tax Equivalent			Yield /
		Balance			Interest			Rate						Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	7,596		$	90			4.81	%				$	1,895		$	23			4.90	%
Interest-bearing demand deposits in nonaffiliated banks		286,040			3,174			4.50						308,118			3,578			4.62
Taxable securities		3,506,035			25,034			2.86						3,320,754			21,896			2.64
Tax-exempt securities		1,407,440			9,912			2.82						1,425,934			9,858			2.77
Loans		7,952,946			131,600			6.71						7,806,860			133,110			6.78
Total interest-earning assets		13,160,057		$	169,810			5.23	%					12,863,561		$	168,465			5.21	%
Noninterest-earning assets		830,055												824,757
Total assets	$	13,990,112											$	13,688,318
Interest-bearing liabilities:
Deposits	$	8,882,040		$	47,549			2.17	%				$	8,523,405		$	49,139			2.29	%
Repurchase Agreements		53,920			209			1.57						63,350			271			1.70
Borrowings		74,561			563			3.06						39,709			265			2.65
Total interest-bearing liabilities		9,010,521		$	48,321			2.17	%					8,626,464		$	49,675			2.29	%
Noninterest-bearing deposits		3,265,838												3,348,062
Other noninterest-bearing liabilities		68,218												79,271
Shareholders' equity		1,645,535												1,634,521
Total liabilities and shareholders' equity	$	13,990,112											$	13,688,318
Net interest income and margin (tax equivalent)				$	121,489			3.74	%							$	118,790			3.67	%
	Three Months Ended												Three Months Ended
	Sept. 30, 2024												June 30, 2024
		Average			Tax Equivalent			Yield /						Average			Tax Equivalent			Yield /
		Balance			Interest			Rate						Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	2,901		$	43			5.84	%				$	5,160		$	74			5.81	%
Interest-bearing demand deposits in nonaffiliated banks		200,756			2,716			5.38						159,707			2,292			5.77
Taxable securities		3,211,490			19,866			2.47						3,250,684			19,912			2.45
Tax-exempt securities		1,418,214			9,742			2.75						1,404,706			9,730			2.77
Loans		7,643,238			130,220			6.78						7,405,297			124,237			6.75
Total interest-earning assets		12,476,599		$	162,587			5.18	%					12,225,554		$	156,245			5.14	%
Noninterest-earning assets		817,757												855,719
Total assets	$	13,294,356											$	13,081,273
Interest-bearing liabilities:
Deposits	$	8,240,938		$	51,994			2.51	%				$	8,020,247		$	48,414			2.43	%
Repurchase Agreements		100,892			740			2.92						212,590			1,895			3.59
Borrowings		24,670			116			1.87						22,932			91			1.60
Total interest-bearing liabilities		8,366,500		$	52,850			2.51	%					8,255,769		$	50,400			2.46	%
Noninterest-bearing deposits		3,279,486												3,289,906
Other noninterest-bearing liabilities		76,274												72,464
Shareholders' equity		1,572,096												1,463,134
Total liabilities and shareholders' equity	$	13,294,356											$	13,081,273
Net interest income and margin (tax equivalent)				$	109,737			3.50	%							$	105,845			3.48	%

 

	Three Months Ended
	Mar. 31, 2024
		Average			Tax Equivalent			Yield /
		Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	3,923		$	57			5.85	%
Interest-bearing demand deposits in nonaffiliated banks		344,969			4,657			5.43
Taxable securities		3,376,324			19,952			2.36
Tax-exempt securities		1,434,505			9,794			2.73
Loans		7,205,424			117,608			6.56
Total interest-earning assets		12,365,145		$	152,068			4.95	%
Noninterest-earning assets		864,885
Total assets	$	13,230,030
Interest-bearing liabilities:
Deposits	$	7,878,094		$	45,250			2.31	%
Repurchase Agreements		317,439			2,562			3.25
Borrowings		132,963			1,441			4.36
Total interest-bearing liabilities		8,328,496		$	49,253			2.38	%
Noninterest-bearing deposits		3,346,757
Other noninterest-bearing liabilities		66,134
Shareholders' equity		1,488,643
Total liabilities and shareholders' equity	$	13,230,030
Net interest income and margin (tax equivalent)				$	102,815			3.34	%

 

View original content:https://www.prnewswire.com/news-releases/first-financial-bankshares-announces-first-quarter-2025-earnings-302431837.html

SOURCE First Financial Bankshares, Inc.

FAQ

What was First Financial Bankshares (FFIN) earnings per share in Q1 2025?

FFIN reported earnings per share of $0.43 for Q1 2025, up from $0.37 in Q1 2024.

How much did FFIN's net interest margin improve in Q1 2025?

Net interest margin improved to 3.74% in Q1 2025, up from 3.34% in Q1 2024.

What is FFIN's current loan portfolio quality status?

Nonperforming assets increased to 0.78% of loans in Q1 2025, with classified loans at $245.61 million.

How much did First Financial Bankshares' deposits grow in Q1 2025?

Deposits and Repurchase Agreements grew $362.79 million, or 12.10% annualized, in Q1 2025.

What was FFIN's efficiency ratio in Q1 2025?

The efficiency ratio improved to 46.36% in Q1 2025 from 48.37% in Q1 2024.