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) 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.
First Financial Bankshares, Inc. (FFIN) reported Q3 2021 earnings of $58.93 million, up from $52.86 million YoY. This equates to earnings per share (EPS) of $0.41, compared to $0.37 the previous year. Net interest income rose to $95.78 million, driven by organic growth, with net loan growth of $162.95 million excluding PPP loans. Customer deposits increased by $111.42 million. While noninterest expenses rose to $62.94 million, the efficiency ratio was 45.88%. Total assets grew to $12.54 billion as of September 30, 2021.
First Financial Bank, N.A. has appointed Chris Baughman as President of the Conroe Region, succeeding Sam Baker, who will retire in March 2022. Baughman, with over a decade at First Financial, has a track record in commercial, real estate, and consumer lending, managing a loan portfolio of $98 million. His extensive experience in banking is expected to enhance the bank's presence in Conroe. Baughman expressed gratitude for his new role and aims to build upon Baker's legacy.
First Financial Bank, a subsidiary of First Financial Bankshares (NASDAQ: FFIN), successfully held its sixth annual Day of Service on October 11, 2021. Over 1,000 employees from 78 branches participated, collaborating with nearly 100 local non-profit organizations in Texas. Chairman and CEO Scott Dueser emphasized the bank's commitment to its communities, stating that the efforts reflect the genuine care of its employees. This initiative showcases the bank's dedication to corporate social responsibility and community engagement.
First Financial Bankshares has appointed Maggie M. Tuschinski as Executive Vice President and Chief Digital Officer. This strategic move aims to enhance digital services and ensure a consistent customer experience across all channels. Tuschinski brings over 20 years of financial services experience, having previously worked at USAA and Frost Bank. Her expertise in product development and digital strategy is expected to drive innovation within the bank's technology division. First Financial operates 78 locations in Texas and trades on NASDAQ under the symbol FFIN.
On August 4, 2021, First Financial Bankshares (NASDAQ: FFIN) was recognized as the No. 2 top-performing publicly traded bank in the U.S. within the $5-$50 billion asset category by Bank Director Magazine. This achievement marks the 13th consecutive year the bank has been listed among the top performers. The bank's strong performance is attributed to teamwork and strategic planning, reflecting the commitment of its employees and the trust of its customers. Additionally, Forbes named First Financial one of America's Best Banks, and it ranked No. 1 in Texas by Newsweek.
First Financial Bankshares, based in Abilene, Texas, has appointed Chris Cook as Executive Vice President of Marketing. With nearly 30 years of experience in public and media relations, Cook previously worked at Texas Tech University, where he enhanced media strategies and marketing campaigns. His role will focus on strengthening the First Financial brand across Texas by improving communications, campaign strategies, and digital marketing efforts. This strategic hire aims to contribute to the company's success as it navigates the competitive banking landscape.