FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2026 EARNINGS

Rhea-AI Summary

First Financial Bankshares (NASDAQ: FFIN) reported Q1 2026 net income of $71.54 million and EPS $0.50, up 16.6% year-over-year. Net interest income was $134.79 million and tax-equivalent NIM was 3.86%. Total assets were $15.39 billion and loans were $8.29 billion. Shareholders' equity rose to $1.94 billion. Provision for credit losses was $2.29 million; allowance for credit losses totaled $107.92 million (1.30% of loans). Noninterest expense was $76.77 million and the unrealized securities loss, net of tax, was $290.06 million.

Positive

• Net income +16.6% year-over-year to $71.54M
• Shareholders' equity increased ~15.5% year-over-year to $1.94B
• Net interest income rose to $134.79M and NIM improved to 3.86%
• Provision for credit losses improved to a $2.29M provision from prior-year higher charge

Negative

• Unrealized loss on securities, net of tax: $290.06M

News Market Reaction – FFIN

+4.88%

2 alerts

+4.88% Session close to close

$4.65B Market Cap

0.1x Rel. Volume

In the Apr 17 session, FFIN gained 4.88%, reflecting a moderate positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Q1 2026 net income of $71.54 million, EPS of $0.50, higher net interest...

Analysis

This announcement highlights Q1 2026 net income of $71.54 million, EPS of $0.50, higher net interest income of $134.79 million, and a stronger net interest margin of 3.86%. Asset quality metrics, including nonperforming assets at 0.66% and an efficiency ratio of 44.98%, reflect continued operational discipline. Compared with prior earnings reports, the bank extends its trend of year-over-year growth and margin improvement, while investors may watch future credit costs, loan growth, and macro conditions.

Key Figures

Net income: $71.54 million Earnings per share: $0.50 Net interest income: $134.79 million +5 more

8 metrics

Net income $71.54 million Q1 2026 earnings

Earnings per share $0.50 Q1 2026 basic and diluted EPS

Net interest income $134.79 million Q1 2026

Net interest margin 3.86 percent Q1 2026 tax-equivalent NIM

Provision for credit losses $2.29 million Q1 2026

Nonperforming assets ratio 0.66 percent Nonperforming assets as % of loans and foreclosed assets at March 31, 2026

Efficiency ratio 44.98 percent Q1 2026

Total assets $15.39 billion Consolidated assets as of March 31, 2026

Previous Earnings Reports

5 past events · Latest: Oct 23 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Oct 23	Q3 2025 earnings	Negative	-2.3%	Earnings fell YoY with large fraud-related loan charge-off and higher provisions.
Jul 17	Q2 2025 earnings	Positive	+1.4%	Strong earnings growth, higher NIM, asset growth, and improved efficiency ratio.
Apr 17	Q1 2025 earnings	Positive	-1.3%	Solid YoY earnings, NIM and efficiency improvement, but shares fell next day.
Jan 23	Q4 2024 earnings	Positive	+3.4%	Higher quarterly and full-year earnings with loan and deposit growth.
Oct 17	Q3 2024 earnings	Positive	-1.2%	Earnings and NIM up with better efficiency, yet market reaction was negative.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings releases have produced mixed reactions, with several strong quarters still seeing negative next-day moves.

Recent Company History

Over the past five earnings cycles from Oct 2024 through Oct 2025, First Financial Bankshares has generally reported rising earnings, improving net interest income, and better efficiency ratios. Credit costs spiked in Q3 2025 due to a large commercial loan charge-off, contrasting with otherwise stable asset quality. Loan and deposit growth, plus expanding net interest margin, are recurring themes. Today’s Q1 2026 report continues this pattern of year-over-year growth and margin improvement, following on Q4 2025 results that closed out a higher-earnings 2025.

Key Terms

net interest income, net interest margin, provision for credit losses, allowance for credit losses, +2 more

6 terms

net interest income financial

"Net interest income for the first quarter of 2026 was $134.79 million..."

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

net interest margin financial

"The net interest margin, on a tax-equivalent basis, was 3.86 percent..."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"The Company recorded a provision for credit losses of $2.29 million..."

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

allowance for credit losses financial

"the allowance for credit losses totaled $107.92 million, or 1.30 percent of loans..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

nonperforming assets financial

"Nonperforming assets as a percentage of loans and foreclosed assets decreased to 0.66 percent..."

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

efficiency ratio financial

"The Company's efficiency ratio was 44.98 percent for the first quarter of 2026..."

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ABILENE, Texas, April 16, 2026 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings for the first quarter of 2026 of $71.54 million compared to earnings of $73.31 million for the fourth quarter of 2025 and $61.35 million for the same quarter a year ago. Basic and diluted earnings per share were $0.50 for the quarter ended March 31, 2026 compared to $0.51 for the quarter ended December 31, 2025 and $0.43 for the quarter ended March 31, 2025.

"We are pleased to start 2026 with a strong increase in net income of 16.6 percent year over year, primarily due to our core balance sheet growth and decreased funding costs over the past year," said David Bailey, President and CEO. "While the current macro environment is uncertain with the ongoing Iran conflict, our Company remains financially strong, sound and secure as reflected in our strong capital levels, diversified core deposit base, and sound lending practices.  We appreciate our associates who work hard every day to build new customer relationships while providing exceptional service," added Mr. Bailey.

Net interest income for the first quarter of 2026 was $134.79 million compared to $131.37 million for the fourth quarter of 2025 and $118.79 million for the first quarter of 2025. The net interest margin, on a tax-equivalent basis, was 3.86 percent for the first quarter of 2026 compared to 3.81 percent for the fourth quarter of 2025 and 3.74 percent for the first quarter of 2025. Net interest income was affected by a $1.26 million reversal of interest expense, improving the core margin by about 3 basis points.  Average interest-earning assets were $14.54 billion for the first quarter of 2026 compared to $14.08 billion for the fourth quarter of 2025 and $13.16 billion for the same quarter a year ago.

The Company recorded a provision for credit losses of $2.29 million for the first quarter of 2026 compared to a provision reversal of $2.49 million for the fourth quarter of 2025 and a provision for credit losses of $3.53 million for the first quarter of 2025.

At March 31, 2026, the allowance for credit losses totaled $107.92 million, or 1.30 percent of loans held-for-investment ("loans" hereafter), compared to $105.54 million, or 1.29 percent of loans, at December 31, 2025 and $101.08 million, or 1.27 percent of loans, at March 31, 2025.

Net charge-offs totaled $356 thousand for the first quarter of 2026 compared to net charge-offs of $391 thousand for the fourth quarter of 2025 and $236 thousand for the first quarter of 2025. Nonperforming assets as a percentage of loans and foreclosed assets decreased to 0.66 percent at March 31, 2026, compared with 0.69 percent at December 31, 2025 and 0.78 percent at March 31, 2025.

Noninterest income for the first quarter of 2026 was $32.10 million compared to $30.23 million for the first quarter of 2025.

• Trust fees increased to $13.36 million for the first quarter of 2026 compared to $12.65 million for the first quarter of 2025, driven by the increase in market value of trust assets managed to $11.91 billion at March 31, 2026, compared to $10.86 billion at March 31, 2025.
• Service charges on deposits decreased to $6.08 million for the first quarter of 2026 compared with $6.18 million for the first quarter of 2025, driven by a decrease in overdraft fees.
• Mortgage income increased to $4.28 million for the first quarter of 2026 compared to $2.83 million for the first quarter of 2025, due to increased volume in mortgage loans originated and better margins.

Noninterest expense for the first quarter of 2026 totaled $76.77 million compared to $70.34 million for the first quarter of 2025.

• Salary, commissions, and employee benefit costs increased to $45.98 million for the first quarter of 2026, compared to $42.14 million in the first quarter of 2025, primarily resulting from additions to staff and merit-based and market driven pay increases to officers and employees over the past year. 
• Noninterest expenses, excluding salary related costs, increased $2.59 million for the first quarter of 2026 compared to the same period in 2025, largely due to increases in software amortization, professional fees and operational and other losses.

The Company's efficiency ratio was 44.98 percent for the first quarter of 2026 compared to 46.36 percent for the first quarter of 2025. 

As of March 31, 2026, consolidated total assets were $15.39 billion compared to $15.45 billion at December 31, 2025, and $14.31 billion at March 31, 2025. Loans totaled $8.29 billion at March 31, 2026, compared with $8.16 billion at December 31, 2025 and $7.95 billion at March 31, 2025. Loans grew $126.84 million or 6.31 percent annualized from 2025 year end balances.  Deposits and Repurchase Agreements totaled $13.31 billion at March 31, 2026 compared to $13.41 billion at December 31, 2025 and $12.52 billion at March 31, 2025. Core deposits grew during the quarter but were offset by declines in public fund balances.

Shareholders' equity was $1.94 billion as of March 31, 2026, compared to $1.92 billion and $1.68 billion at December 31, 2025 and March 31, 2025, respectively. The unrealized loss on the securities portfolio, net of applicable tax, totaled $290.06 million at March 31, 2026, compared to an unrealized loss of $269.94 million and $388.89 million at December 31, 2025 and March 31, 2025, respectively, due to the changes in market interest rates during the respective periods.

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
		2026			2025
ASSETS		Mar. 31			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Cash and due from banks	$	264,850		$	249,466		$	237,466		$	264,000		$	232,943
Interest-bearing demand deposits in banks		458,203			826,947			401,580			435,612			682,362
Federal funds sold		14,075			1,575			11,750			8,750			11,750
Investment securities		5,668,792			5,514,113			5,260,813			4,886,548			4,760,431
Loans, held-for-investment		8,285,120			8,158,276			8,243,625			8,074,944			7,945,611
Allowance for credit losses		(107,918)			(105,536)			(105,958)			(102,792)			(101,080)
Net loans, held-for-investment		8,177,202			8,052,740			8,137,667			7,972,152			7,844,531
Loans, held-for-sale		22,984			29,992			26,015			33,233			14,348
Premises and equipment, net		150,989			149,985			149,651			148,999			150,589
Goodwill		313,481			313,481			313,481			313,481			313,481
Other intangible assets		128			171			257			343			428
Other assets		316,941			308,006			302,848			313,723			301,251
Total assets	$	15,387,645		$	15,446,476		$	14,841,528		$	14,376,841		$	14,312,114
LIABILITIES AND SHAREHOLDERS'  EQUITY
Noninterest-bearing deposits	$	3,385,878		$	3,401,057		$	3,446,262		$	3,439,059		$	3,356,553
Interest-bearing deposits		9,859,359			9,944,472			9,399,986			9,009,357			9,110,218
Total deposits		13,245,237			13,345,529			12,846,248			12,448,416			12,466,771
Repurchase agreements		67,946			62,956			50,646			48,026			56,606
Borrowings		22,306			21,680			21,956			22,153			26,978
Trade date payable		-			-			-			24,965			-
Other liabilities		108,305			98,994			92,410			95,929			81,498
Shareholders' equity		1,943,851			1,917,317			1,830,268			1,737,352			1,680,261
Total liabilities and shareholders' equity	$	15,387,645		$	15,446,476		$	14,841,528		$	14,376,841		$	14,312,114
	Quarter Ended
		2026			2025
INCOME STATEMENTS		Mar. 31			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Interest income	$	182,945		$	182,869		$	179,692		$	172,810		$	167,110
Interest expense		48,154			51,501			52,691			49,080			48,321
Net interest income		134,791			131,368			127,001			123,730			118,789
Provision for credit losses		2,291			(2,486)			24,435			3,132			3,528
Net interest income after provision for credit losses		132,500			133,854			102,566			120,598			115,261
Noninterest income		32,096			33,349			34,264			32,873			30,230
Noninterest expense		76,768			77,650			73,666			71,735			70,335
Net income before income taxes		87,828			89,553			63,164			81,736			75,156
Income tax expense		16,285			16,239			10,897			15,078			13,810
Net income	$	71,543		$	73,314		$	52,267		$	66,658		$	61,346
PER COMMON SHARE DATA
Net income - basic	$	0.50		$	0.51		$	0.37		$	0.47		$	0.43
Net income - diluted		0.50			0.51			0.36			0.47			0.43
Cash dividends declared		0.19			0.19			0.19			0.19			0.18
Book value		13.57			13.39			12.78			12.14			11.75
Tangible book value		11.38			11.20			10.59			9.95			9.55
Market value		29.45			29.87			33.65			35.98			35.92
Shares outstanding - end of period		143,279,030			143,213,102			143,188,051			143,077,619			143,019,433
Average outstanding shares - basic		143,210,755			143,180,215			143,105,224			143,023,544			142,949,514
Average outstanding shares - diluted		143,608,079			143,542,801			143,474,169			143,378,505			143,355,148
PERFORMANCE RATIOS
Return on average assets		1.89	%		1.94	%		1.44	%		1.89	%		1.78	%
Return on average equity		14.83			15.62			11.85			15.82			15.12
Return on average tangible equity		17.66			18.78			14.44			19.43			18.68
Net interest margin (tax equivalent)		3.86			3.81			3.80			3.81			3.74
Efficiency ratio		44.98			46.10			44.74			44.97			46.36
FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
	Quarter Ended
		2026			2025
ALLOWANCE FOR LOAN LOSSES		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Balance at beginning of period	$	105,536		$	105,958		$	102,792		$	101,080		$	98,325
Loans charged-off		(1,174)			(3,387)			(22,612)			(1,189)			(946)
Loan recoveries		818			2,996			272			469			710
Net recoveries (charge-offs)		(356)			(391)			(22,340)			(720)			(236)
Provision for loan losses		2,738			(31)			25,506			2,432			2,991
Balance at end of period	$	107,918		$	105,536		$	105,958		$	102,792		$	101,080
ALLOWANCE FOR UNFUNDED COMMITMENTS
Balance at beginning of period	$	6,387		$	8,842		$	9,914		$	9,214		$	8,677
Provision for unfunded commitments		(447)			(2,455)			(1,072)			700			537
Balance at end of period	$	5,940		$	6,387		$	8,842		$	9,914		$	9,214
Allowance for loan losses /
period-end loans held-for-investment		1.30	%		1.29	%		1.29	%		1.27	%		1.27	%
Allowance for loan losses /
nonperforming loans		206.16			188.41			187.39			162.60			164.16
Net charge-offs (recoveries) / average total loans
(annualized)		0.02			0.02			1.07			0.04			0.01
	As of
		2026			2025
COMPOSITION OF LOANS HELD-FOR-INVESTMENT		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Commercial:
C&I	$	1,149,931		$	1,116,461		$	1,174,770		$	1,202,151		$	1,144,429
Municipal		384,473			342,501			347,559			306,140			338,303
Total Commercial		1,534,404			1,458,962			1,522,329			1,508,291			1,482,732
Agricultural		77,583			95,776			88,820			86,133			90,186
Real Estate:
Construction & Development		1,169,037			1,157,865			1,214,649			1,172,834			1,098,069
Farm		329,151			327,625			322,710			302,969			331,464
Non-Owner Occupied CRE		825,771			832,816			802,675			746,341			753,898
Owner Occupied CRE		1,132,114			1,120,608			1,119,425			1,124,610			1,142,618
Residential		2,322,097			2,285,830			2,308,708			2,286,220			2,217,740
Total Real Estate		5,778,170			5,724,744			5,768,167			5,632,974			5,543,789
Consumer:
Auto		751,283			732,351			718,501			698,897			679,189
Non-Auto		143,680			146,443			145,808			148,649			149,715
Total Consumer		894,963			878,794			864,309			847,546			828,904
Total loans held-for-investment	$	8,285,120		$	8,158,276		$	8,243,625		$	8,074,944		$	7,945,611
SUMMARY OF LOAN CLASSIFICATION
Special Mention	$	66,864		$	66,058		$	76,647		$	62,774		$	46,103
Substandard		222,895			189,548			176,311			194,291			199,509
Total classified loans	$	289,759		$	255,606		$	252,958		$	257,065		$	245,612
NONPERFORMING ASSETS
Nonaccrual loans	$	52,129		$	55,121		$	56,394		$	63,142		$	60,430
Accruing loans 90 days past due		218			892			151			77			1,143
Total nonperforming loans		52,347			56,013			56,545			63,219			61,573
Foreclosed assets		1,962			479			1,997			489			115
Total nonperforming assets	$	54,309		$	56,492		$	58,542		$	63,708		$	61,688
As a % of loans held-for-investment and foreclosed assets		0.66	%		0.69	%		0.71	%		0.79	%		0.78	%
As a % of end of period total assets		0.35			0.37			0.39			0.44			0.43
	Quarter Ended
		2026			2025
CAPITAL RATIOS		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Common equity Tier 1 capital ratio		20.23	%		19.99	%		19.10	%		19.16	%		19.12	%
Tier 1 capital ratio		20.23			19.99			19.10			19.16			19.12
Total capital ratio		21.42			21.17			20.29			20.35			20.31
Tier 1 leverage ratio		12.58			12.55			12.34			12.61			12.46
Tangible common equity ratio		10.81			10.60			10.44			10.12			9.76
Equity/Assets ratio		12.63			12.41			12.33			12.08			11.74
	Quarter Ended
		2026			2025
NONINTEREST INCOME		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
Trust fees	$	13,363		$	13,512		$	12,950		$	12,746		$	12,653
Service charges on deposits		6,077			6,140			6,447			6,126			6,177
Debit card fees		5,245			5,791			5,333			5,218			4,967
Credit card fees		651			678			699			707			577
Gain on sale and fees on mortgage loans		4,277			4,216			4,375			4,126			2,832
Net gain (loss) on sale of foreclosed assets		(56)			(12)			(122)			200			(35)
Net gain on sale of assets		-			-			-			6			-
Loan recoveries		290			546			1,664			810			574
Other noninterest income		2,249			2,478			2,918			2,934			2,485
Total noninterest income	$	32,096		$	33,349		$	34,264		$	32,873		$	30,230
NONINTEREST EXPENSE
Salaries, commissions and employee benefits, excluding profit sharing	$	42,959		$	42,409		$	40,681		$	39,834		$	39,157
Profit sharing expense		3,023			4,819			1,924			2,741			2,985
Net occupancy expense		3,630			3,458			3,545			3,600			3,720
Equipment expense		2,158			2,128			2,395			2,478			2,321
FDIC insurance premiums		1,560			1,695			1,635			1,585			1,575
Debit card expense		3,108			3,265			3,512			3,308			3,373
Legal, tax and professional fees		3,834			3,079			3,332			3,143			3,067
Audit fees		455			531			536			463			451
Printing, stationery and supplies		623			528			456			473			482
Amortization of intangible assets		43			86			86			86			95
Advertising, meals and public relations		1,701			1,923			1,714			1,653			1,677
Operational and other losses		1,000			1,583			1,957			720			540
Software amortization and expense		4,594			4,456			4,280			4,020			3,732
Other noninterest expense		8,080			7,690			7,613			7,631			7,160
Total noninterest expense	$	76,768		$	77,650		$	73,666		$	71,735		$	70,335
TAX EQUIVALENT YIELD ADJUSTMENT	$	3,791		$	3,709		$	3,406		$	2,926		$	2,700
FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
	Three Months Ended												Three Months Ended
	Mar. 31, 2026												Dec. 31, 2025
		Average			Tax Equivalent			Yield /						Average			Tax Equivalent			Yield /
		Balance			Interest			Rate						Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	4,565		$	40			3.55	%				$	6,565		$	62			3.75	%
Interest-bearing demand deposits in nonaffiliated banks		461,579			4,209			3.70						434,445			4,284			3.91
Taxable securities		4,076,690			32,283			3.17						3,683,108			29,231			3.17
Tax-exempt securities		1,726,765			14,184			3.29						1,712,261			14,144			3.30
Loans		8,273,995			136,020			6.67						8,241,265			138,857			6.68
Total interest-earning assets		14,543,594		$	186,736			5.21	%					14,077,644		$	186,578			5.26	%
Noninterest-earning assets		821,635												893,739
Total assets	$	15,365,229											$	14,971,383
Interest-bearing liabilities:
Deposits	$	9,824,362		$	47,851			1.98	%				$	9,476,716		$	51,207			2.14	%
Repurchase Agreements		62,849			229			1.48						56,573			219			1.54
Borrowings		22,155			74			1.35						22,113			75			1.35
Total interest-bearing liabilities		9,909,366		$	48,154			1.97	%					9,555,402		$	51,501			2.14	%
Noninterest-bearing deposits		3,401,092												3,454,171
Other noninterest-bearing liabilities		97,986												99,623
Shareholders' equity		1,956,785												1,862,187
Total liabilities and shareholders' equity	$	15,365,229											$	14,971,383
Net interest income and margin (tax equivalent)				$	138,582			3.86	%							$	135,077			3.81	%
	Three Months Ended												Three Months Ended
	Sept. 30, 2025												June 30, 2025
		Average			Tax Equivalent			Yield /						Average			Tax Equivalent			Yield /
		Balance			Interest			Rate						Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	10,711		$	130			4.82	%				$	9,397		$	113			4.84	%
Interest-bearing demand deposits in nonaffiliated banks		216,739			2,387			4.37						379,364			4,191			4.43
Taxable securities		3,560,347			26,539			2.98						3,470,028			25,242			2.91
Tax-exempt securities		1,564,767			12,906			3.30						1,433,498			10,811			3.02
Loans		8,249,113			141,136			6.79						8,045,340			135,378			6.75
Total interest-earning assets		13,601,677		$	183,098			5.34	%					13,337,627		$	175,735			5.28	%
Noninterest-earning assets		826,660												826,635
Total assets	$	14,428,337											$	14,164,262
Interest-bearing liabilities:
Deposits	$	9,051,463		$	52,010			2.28	%				$	8,923,737		$	48,730			2.19	%
Repurchase Agreements		50,051			210			1.66						54,482			221			1.63
Borrowings		56,198			471			3.33						26,557			128			1.93
Total interest-bearing liabilities		9,157,712		$	52,691			2.28	%					9,004,776		$	49,079			2.19	%
Noninterest-bearing deposits		3,419,378												3,383,851
Other noninterest-bearing liabilities		101,268												85,745
Shareholders' equity		1,749,979												1,689,890
Total liabilities and shareholders' equity	$	14,428,337											$	14,164,262
Net interest income and margin (tax equivalent)				$	130,407			3.80	%							$	126,656			3.81	%
	Three Months Ended
	Mar. 31, 2025
		Average			Tax Equivalent			Yield /
		Balance			Interest			Rate
Interest-earning assets:
Federal funds sold	$	7,596		$	90			4.81	%
Interest-bearing demand deposits in nonaffiliated banks		286,040			3,174			4.50
Taxable securities		3,506,035			25,034			2.86
Tax-exempt securities		1,407,440			9,912			2.82
Loans		7,952,946			131,600			6.71
Total interest-earning assets		13,160,057		$	169,810			5.23	%
Noninterest-earning assets		830,055
Total assets	$	13,990,112
Interest-bearing liabilities:
Deposits	$	8,882,040		$	47,549			2.17	%
Repurchase Agreements		53,920			209			1.57
Borrowings		74,561			563			3.06
Total interest-bearing liabilities		9,010,521		$	48,321			2.17	%
Noninterest-bearing deposits		3,265,838
Other noninterest-bearing liabilities		68,218
Shareholders' equity		1,645,535
Total liabilities and shareholders' equity	$	13,990,112
Net interest income and margin (tax equivalent)				$	121,489			3.74	%

 

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SOURCE First Financial Bankshares, Inc.

FAQ

What were First Financial Bankshares (FFIN) Q1 2026 earnings and EPS?

FFIN reported Q1 2026 net income of $71.54 million and EPS of $0.50. According to the company, results reflect balance sheet growth and lower funding costs versus the prior year.

How did First Financial's net interest margin and net interest income perform in Q1 2026 (FFIN)?

FFIN posted net interest income of $134.79 million with a tax-equivalent NIM of 3.86%. According to the company, a $1.26 million reversal of interest expense improved core margin by about three basis points.

What credit metrics did First Financial (FFIN) report for Q1 2026?

FFIN recorded a $2.29 million provision for credit losses and an allowance of $107.92 million (1.30% of loans). According to the company, net charge-offs remained low at $0.36M for the quarter.

How large are First Financial's balance sheet totals at March 31, 2026 (FFIN)?

At March 31, 2026, FF N reported $15.39 billion in consolidated assets, $8.29 billion in loans and $13.31 billion in deposits and repos. According to the company, loans grew from year-end 2025 balances.

What notable noninterest items affected First Financial (FFIN) in Q1 2026?

Noninterest expense totaled $76.77 million and trust fees rose as trust assets reached $11.91 billion. According to the company, an unrealized after-tax securities loss of $290.06M remained on the balance sheet.