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 Bank, N.A. announced the promotion of Nora P. Thompson to President of the Bryan/College Station Region, effective January 26, 2021. This promotion enhances the bank's leadership team alongside Ivan M. Olson and Timothy N. Bryan. With over 30 years of financial services experience, Thompson has previously served as Executive Vice President and Senior Lender at The Bank and Trust of Bryan/College Station. The Board emphasizes that her leadership will be pivotal for growth in the Brazos Valley community, a key market for the bank.
The Board of Directors of First Financial Bank, N.A. has promoted Shelley Dacus to Chief Executive Officer of the Kingwood Region, succeeding Harry J. Brooks, who will depart at the end of the year. Dacus previously served as President and has over 15 years of banking experience, including leadership roles at Commercial State Bank. Chairman Scott Dueser praised her leadership and commitment to customer service. Dacus holds a finance degree from Sam Houston State University and is active in community and banking associations. The bank operates 78 locations across Texas.
First Financial Bankshares, Inc. (NASDAQ: FFIN) reported Q3 2020 earnings of $52.86 million, a 22.69% increase from $43.08 million in Q3 2019. Basic and diluted EPS rose to $0.37 versus $0.32. This growth is attributed to the TB&T Bancshares acquisition and strong PPP loan activity, totaling $703.73 million. Net interest income increased to $89.21 million, while noninterest income rose to $38.58 million. However, the provision for credit losses surged to $9 million amid economic uncertainties. Consolidated assets reached $10.57 billion, a significant rise from $8.11 billion year-over-year.
First Financial Bankshares organized its fifth annual Day of Service on October 12, 2020, engaging over 900 employees in 40 locations across Texas. The initiative involved various community service projects, including landscaping and disaster assistance. Chairman, President, and CEO Scott Dueser emphasized the importance of community support during challenging times. The company operates multiple banking regions with 78 locations in Texas and is listed on NASDAQ under the symbol FFIN.
First Financial Trust & Asset Management Company has opened a new office in Bryan, Texas, expanding its reach in the Brazos County area. This marks the company's tenth trust office in Texas. Alongside the office launch, Jeff Wind has been elected as Senior Vice President and Trust Office Manager. Wind brings over 15 years of experience in trust and asset management. The new office aims to enhance service for clients in the region, reaffirming the company's commitment to its clientele.
First Financial Bankshares, Inc. (NASDAQ: FFIN) has promoted Will Christoferson to Executive Vice President of Marketing. This decision, announced by Ron Butler, Chief Administrative Officer, reflects Christoferson's proven leadership and management skills which have enhanced the company's marketing initiatives.
Joining the bank in 2018, Christoferson has a decade of experience in the banking sector, specifically in marketing and business development. He holds a bachelor’s degree from Abilene Christian University and participates actively in community organizations.
First Financial Bankshares reported strong second quarter earnings of $53.47 million, up from $42.09 million year-over-year. Earnings per share grew to $0.38 versus $0.31 in Q2 2019. This performance is bolstered by the acquisition of TB&T Bancshares, contributing total assets of $631.26 million. The bank processed nearly 6,500 Paycheck Protection Program loans worth over $700 million, leading to net interest income of $89.24 million. Despite challenges from the pandemic, noninterest income rose to $36.92 million.
First Financial Bank, N.A. has appointed Pat Schulz as the new Executive Vice President of Human Resources, effective June 23, 2020. With over 30 years of experience in human resources, Schulz is expected to enhance the company's growth and diversity initiatives. She holds degrees from Illinois State University and Northern Illinois University and possesses professional certifications including SHRM-SCP and SPHR. The announcement was made by Ron Butler, Chairman and CEO. First Financial Bankshares, Inc. is traded on NASDAQ under the symbol FFIN.
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