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 reports news about its Texas community banking franchise, financial results, and shareholder actions. The financial holding company operates through First Financial Bank, multiple Texas banking regions, First Financial Trust & Asset Management Company, and First Technology Services.
Recurring updates cover quarterly earnings, net interest income, loan and deposit trends, capital levels, dividends, share repurchase activity, board elections, executive succession, and regional bank leadership appointments. Company announcements also address annual meeting materials, shareholder votes, and third-party bank performance recognition tied to growth, profitability, and safety-and-soundness measures.
First Financial Bankshares, Inc. (NASDAQ: FFIN) will host its 2022 Annual Shareholders' Meeting on April 26, 2022, at 10:30 a.m. Central time. The event will be live-streamed, featuring F. Scott Dueser, James R. Gordon, and Kirk W. Thaxton discussing operational and financial results from 2021 and Q1 2022. Shareholders and interested parties can access the live stream via their website. The company operates 78 locations in Texas through First Financial Bank and offers services through its subsidiaries, including First Financial Trust & Asset Management.
First Financial Bankshares, Inc. (NASDAQ: FFIN) has appointed Rett Everett as the new Executive Vice President of Credit Administration. This decision, announced by Luke Longhofer, reflects the bank's commitment to enhancing its lending capabilities. Everett brings extensive experience from his previous role as Chief Credit Officer and has a solid background in commercial banking spanning over 14 years at Capital One Bank. He will oversee lending operations in the Dallas/Fort Worth areas, focusing on credit underwriting, loan decisioning, and portfolio risk management.
First Financial Bank, N.A. has appointed Jamie Esch as Chairman and CEO of its Hereford Region, enhancing its leadership team. According to Ron Butler, Chief Administrative Officer, Esch's extensive banking experience will strengthen the bank's presence in the Panhandle. Esch, a local native, has a solid background, previously serving as Senior VP at Happy State Bank, where he oversaw private banking and commercial portfolios. His appointment is expected to enhance customer service within the region.
First Financial Bank, N.A. has appointed Shelby Bruhn as the new President and CEO of the Southlake Region, succeeding Mark Jones. The announcement was made by Ron Butler, Chief Administrative Officer. Bruhn has a strong background in banking, previously serving in executive roles at Valliance Bank and other financial institutions. His experience in the Southlake and Tarrant County markets is expected to contribute to the bank's growth. First Financial Bank operates multiple regions in Texas, with a solid foundation for continued success.
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.