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 financial holding company headquartered in Abilene, Texas, operating in the commercial banking industry through its community banking subsidiary, First Financial Bank. News about FFIN often centers on its Texas-focused banking operations, corporate governance decisions, capital management actions, and detailed financial performance updates.
Company news releases provide regular earnings announcements, which are also furnished to the SEC on Form 8-K. These updates describe net interest income, noninterest income, provisions for credit losses, noninterest expenses, loan and deposit growth, and performance ratios such as net interest margin, efficiency ratio, return on average assets, and return on average equity. They may also highlight developments in trust fee income, mortgage income, and changes in nonperforming assets and classified loans.
Another key theme in First Financial Bankshares news is capital and balance sheet management. The company has announced the renewal of a stock repurchase plan authorizing the repurchase of up to 5 million shares of common stock, and has disclosed the renewal of a revolving line of credit facility subject to financial and operational covenants. Dividend declarations and changes to the quarterly cash dividend are also covered in connection with the annual shareholders’ meeting.
Corporate governance and leadership updates are frequent topics, including the election and promotion of executives in roles such as commercial banking leadership, regional management, chief financial officer, treasurer, chief information officer, and chief banking operations officer. The company also issues news about leadership in its mortgage business and technology subsidiary, First Technology Services, Inc.
In addition, news releases describe community and service initiatives, such as First Financial Bank’s participation in the Texas Bankers Association’s Texas Banks Community Day of Service. These stories emphasize the bank’s involvement in volunteer efforts across its Texas footprint. For investors and observers following FFIN, this news page aggregates these earnings updates, capital actions, leadership changes, and community activities in one place for ongoing reference.
First Financial Bankshares (NASDAQ: FFIN) announced key developments at its 2025 Annual Shareholders' Meeting. The company increased its quarterly cash dividend by 5.6% to $0.19 per share, payable July 1, 2025, to shareholders of record on June 16, 2025.
Shareholders elected thirteen directors to the board, including Chairman and CEO Scott Dueser, and representatives from diverse professional backgrounds spanning academia, healthcare, ranching, and business sectors. Notable board members include Sally Pope Davis, former Goldman Sachs Managing Director, and Eli Jones, Professor at Texas A&M University.
The meeting also marked the retirement of April Anthony from the board after 10 years of service. Shareholders approved two additional measures:
- Ratification of Ernst & Young as independent auditors
- Advisory vote on executive compensation
First Financial Bank has announced the appointment of Jeff Vorhees as Executive Vice President and Treasurer. Vorhees, who previously served as Director of Corporate Treasury at Independent Financial, a $19 billion public bank in McKinney Texas, brings significant experience in banking and finance to his new role.
His background includes positions in asset liability management consulting, investment banking, and experience as a commissioned bank examiner at the Dallas Federal Reserve Bank. Vorhees holds bachelor's degrees in finance and economics from Texas Tech University, an MBA from Southern Methodist University, and is a graduate of the Stonier Graduate School of Banking. He is also a Certified Management Accountant and Certified Treasury Professional.
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.
First Financial Bankshares (NASDAQ: FFIN) has announced its upcoming 2025 Annual Shareholders' Meeting, scheduled for April 29, 2025, at 10:30 a.m. Central time. The meeting will be accessible via live stream at www.ffin.com/live-events, with streaming available from 10:00 am to view latest videos and commercials.
Key executives including Chairman and CEO F. Scott Dueser, President David Bailey, EVP and CFO Michelle Hickox, and First Financial Trust & Asset Management Company President Lon Biebighauser will present at the meeting. They will provide a comprehensive review of the company's 2024 performance, first quarter 2025 operational and financial results, and discuss strategic direction. A replay of the presentation will be made available after the event.
First Financial Bank has achieved the prestigious third position in Forbes' America's Best Banks 2025 ranking. The recognition is based on the bank's exceptional financial performance across 11 key metrics measured over the 12 months ending September 30, 2024, and stock performance through January 10, 2025.
The evaluation criteria included important financial indicators such as net interest margin, return on average assets, CET1 ratio, efficiency ratio, and other important metrics related to growth, credit quality, and profitability. The ranking considered the 200 largest publicly traded banks and thrifts in the country, with all 10 financial metrics being equally weighted.
President David Bailey attributed this achievement to the team's dedication and their commitment to the bank's 21 Non-Negotiables focusing on customer service excellence.
First Financial Bank has promoted Chris Schjetnan to Executive Vice President, Director of Community Lending and Outreach. In this new role, Schjetnan will lead the bank's affordable banking initiatives focusing on traditionally underserved communities.
Schjetnan, who joined First Financial Bank in 2012 after working at Wells Fargo, has been instrumental in growing the bank's ITIN and Affordable Home Mortgage programs. Born and raised in Mexico City in a bilingual household, he previously served as Executive Vice President, Regional Consumer Lending Manager for the Bank's Chisholm Trail Region.
His background includes a bachelor's degree in business administration from Western New Mexico University and graduation from both the Southwestern Graduate School of Banking at SMU and the American Bankers Association Commercial Lending School.
First Financial Bankshares (FFIN) reported strong Q4 2024 earnings of $62.32 million, up from $55.31 million in Q3 2024 and $45.98 million in Q4 2023. Diluted EPS reached $0.43 in Q4 2024, compared to $0.39 in Q3 2024 and $0.32 in Q4 2023.
For the full year 2024, net income was $223.51 million ($1.56 per diluted share), a 12.33% increase from $198.98 million ($1.39 per diluted share) in 2023. Net interest income for Q4 2024 rose to $116.12 million, with net interest margin at 3.67%. The company's loan portfolio grew 10.69% year-over-year to $7.91 billion, while deposits increased 5.56% to $12.16 billion.
The allowance for credit losses stood at $98.33 million, representing 1.24% of loans. Nonperforming assets were 0.80% of loans and foreclosed assets as of December 31, 2024.
First Financial Bankshares (NASDAQ: FFIN) has announced several key leadership promotions effective January 1, 2025. Ron Butler has been promoted to Vice Chairman of the Executive Management Committee, while David Bailey becomes President of First Financial Bankshares and First Financial Bank. Lon Biebighauser has been elected President of First Financial Trust and Asset Management Company, replacing Kirk Thaxton who transitions to relationship manager. Marelyn Shedd becomes the first female CEO of the Abilene Region, and Marshall Morris has been elected as President of the Abilene Region. These changes are part of the company's ongoing management succession plan.
First Financial Bankshares (NASDAQ: FFIN) reported earnings of $55.31 million for the third quarter of 2024, up from $52.49 million in Q2 2024 and $49.56 million in Q3 2023. Diluted earnings per share were $0.39, compared to $0.37 in Q2 2024 and $0.35 in Q3 2023. Net interest income increased to $107.11 million, up from $103.27 million in Q2 2024 and $94.15 million in Q3 2023. The net interest margin improved to 3.50%. The company recorded a provision for credit losses of $6.12 million. Noninterest income rose to $32.36 million, while noninterest expense increased to $66.01 million. The efficiency ratio improved to 46.45%. Total assets grew to $13.58 billion, with loans totaling $7.72 billion and deposits and repurchase agreements at $11.81 billion. Shareholders' equity increased to $1.66 billion.
First Financial Bank, a subsidiary of First Financial Bankshares, Inc. (NASDAQ: FFIN), conducted its ninth annual company-wide Day of Service on October 14, 2024. The event involved over 1,000 employees from 79 statewide branches partnering with 63 local non-profit and community organizations across Texas to perform service projects.
F. Scott Dueser, Chairman, President and CEO of First Financial, emphasized the importance of community partnerships and giving back. The Day of Service is part of the company's commitment to making a positive impact in its communities. More information about the event can be found on the company's website and social media channels.