First Financial Bankshares
FFIN Nasdaq Regional Banks Financials FY2016–FY2025
First Financial Bankshares' revenue rose 14.7% to $632 million in fiscal 2025. Net income was $254 million, up 13.4%. Its return on equity was 14.4%, about the same as 14.4% a year earlier. Its efficiency ratio was 46.5%, down from 48.1% a year earlier. It paid out $106 million in dividends and buybacks. The diluted share count rose 0.1%.
Revenue
Total sales reported in the income statement.
$632M
14.7%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
46.5%
1.7 pts
Net income
Profit after all expenses, interest and tax.
$254M
13.5%
Return on equity
Net income as a share of average shareholders' equity.
14.4%
0.0 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$4.3B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
16.1x
On $1.87 EPS (TTM)
About these figures. Share counts and per-share figures for earlier years are restated for a stock split (2-for-1), so every year is on today's share basis.
What First Financial Bankshares does
No business description yet.
- Legal name
- First Financial Bankshares, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001193125-26-071549
0000036029
Revenue and margins
First Financial Bankshares had $632M of revenue in fiscal 2025, up 14.7% on the year before.
FY16
Revenue $312M
FY17
Revenue $328M
FY18
Revenue $375M
FY19
Revenue $398M
FY20
Revenue $490M
FY21
Revenue $513M
FY22
Revenue $533M
FY23
Revenue $492M
FY24
Revenue $551M
FY25
Revenue $632M
Q3 '23
Revenue $122M
Q4 '23
Revenue $120M
Q1 '24
Revenue $130M
Q2 '24
Revenue $135M
Q3 '24
Revenue $140M
Q4 '24
Revenue $147M
Q1 '25
Revenue $149M
Q2 '25
Revenue $157M
Q3 '25
Revenue $161M
Q4 '25
Revenue $165M
Q1 '26
Revenue $167M
Q2 '26
Revenue $173M
FY16
Net interest share 72.7%
Efficiency ratio 53.2%
FY17
Net interest share 72.2%
Efficiency ratio 53.1%
FY18
Net interest share 72.8%
Efficiency ratio 50.9%
FY19
Net interest share 72.7%
Efficiency ratio 49.4%
FY20
Net interest share 71.4%
Efficiency ratio 46.5%
FY21
Net interest share 72.3%
Efficiency ratio 47.2%
FY22
Net interest share 75.3%
Efficiency ratio 44.0%
FY23
Net interest share 78.0%
Efficiency ratio 48.4%
FY24
Net interest share 77.5%
Efficiency ratio 48.1%
FY25
Net interest share 79.3%
Efficiency ratio 46.5%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 77.0%
Efficiency ratio 48.7%
Q4 '23
Net interest share 81.6%
Efficiency ratio 53.1%
Q1 '24
Net interest share 77.3%
Efficiency ratio 49.3%
Q2 '24
Net interest share 76.8%
Efficiency ratio 48.3%
Q3 '24
Net interest share 76.8%
Efficiency ratio 47.3%
Q4 '24
Net interest share 78.9%
Efficiency ratio 47.7%
Q1 '25
Net interest share 79.7%
Efficiency ratio 47.2%
Q2 '25
Net interest share 79.0%
Efficiency ratio 45.8%
Q3 '25
Net interest share 78.7%
Efficiency ratio 45.7%
Q4 '25
Net interest share 79.8%
Efficiency ratio 47.1%
Q1 '26
Net interest share 80.8%
Efficiency ratio 46.0%
Q2 '26
Net interest share 79.2%
Efficiency ratio 47.0%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 9.2% a year. Loss periods are shown in red.
FY16
Net income $105M
FY17
Net income $120M
FY18
Net income $151M
FY19
Net income $165M
FY20
Net income $202M
FY21
Net income $228M
FY22
Net income $235M
FY23
Net income $199M
FY24
Net income $224M
FY25
Net income $254M
Q3 '23
Net income $49.6M
Q4 '23
Net income $46.0M
Q1 '24
Net income $53.4M
Q2 '24
Net income $52.5M
Q3 '24
Net income $55.3M
Q4 '24
Net income $62.3M
Q1 '25
Net income $61.3M
Q2 '25
Net income $66.7M
Q3 '25
Net income $52.3M
Q4 '25
Net income $73.3M
Q1 '26
Net income $71.5M
Q2 '26
Net income $71.9M
FY16
Diluted EPS $0.80
FY17
Diluted EPS $0.91
FY18
Diluted EPS $1.11
FY19
Diluted EPS $1.21
FY20
Diluted EPS $1.42
FY21
Diluted EPS $1.59
FY22
Diluted EPS $1.64
FY23
Diluted EPS $1.39
FY24
Diluted EPS $1.56
FY25
Diluted EPS $1.77
Q3 '23
Diluted EPS $0.35
Q4 '23
Diluted EPS $0.32
Q1 '24
Diluted EPS $0.37
Q2 '24
Diluted EPS $0.37
Q3 '24
Diluted EPS $0.39
Q4 '24
Diluted EPS $0.43
Q1 '25
Diluted EPS $0.43
Q2 '25
Diluted EPS $0.47
Q3 '25
Diluted EPS $0.36
Q4 '25
Diluted EPS $0.51
Q1 '26
Diluted EPS $0.50
Q2 '26
Diluted EPS $0.50
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 12.8%
ROTE 15.4%
Efficiency ratio 53.2%
FY17
ROE 13.7%
ROTE 16.3%
Efficiency ratio 53.1%
FY18
ROE 15.3%
ROTE 18.1%
Efficiency ratio 50.9%
FY19
ROE 14.5%
ROTE 17.0%
Efficiency ratio 49.4%
FY20
ROE 13.9%
ROTE 16.7%
Efficiency ratio 46.5%
FY21
ROE 13.2%
ROTE 16.2%
Efficiency ratio 47.2%
FY22
ROE 15.5%
ROTE 19.6%
Efficiency ratio 44.0%
FY23
ROE 14.4%
ROTE 18.6%
Efficiency ratio 48.4%
FY24
ROE 14.4%
ROTE 18.0%
Efficiency ratio 48.1%
FY25
ROE 14.4%
ROTE 17.5%
Efficiency ratio 46.5%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Financial Bankshares returned $106M to shareholders in fiscal 2025. The diluted share count rose 0.2%.
FY16
Dividends $44.9M
Buybacks $0.0M
FY17
Dividends $49.0M
Buybacks $0.0M
FY18
Dividends $53.9M
Buybacks $0.0M
FY19
Dividends $61.1M
Buybacks $0.0M
FY20
Dividends $70.3M
Buybacks $8.0M
FY21
Dividends $79.7M
Buybacks $0.0M
FY22
Dividends $91.3M
Buybacks $9.4M
FY23
Dividends $100M
Buybacks $2.7M
FY24
Dividends $103M
Buybacks $0.0M
FY25
Dividends $106M
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends $25.7M
Buybacks $2.7M
Q4 '23
Dividends $25.7M
Buybacks $0.0M
Q1 '24
Dividends $25.7M
Buybacks $0.0M
Q2 '24
Dividends $25.7M
Buybacks $0.0M
Q3 '24
Dividends $25.7M
Buybacks $0.0M
Q4 '24
Dividends $25.7M
Buybacks $0.0M
Q1 '25
Dividends $25.8M
Buybacks $0.0M
Q2 '25
Dividends $25.8M
Buybacks $0.0M
Q3 '25
Dividends $27.2M
Buybacks $0.0M
Q4 '25
Dividends $27.3M
Buybacks $0.0M
Q1 '26
Dividends $27.2M
Buybacks $0.0M
Q2 '26
Dividends $27.2M
Buybacks $0.0M
Dividends
Buybacks
FY16
Diluted shares 0.13B
FY17
Diluted shares 0.13B
FY18
Diluted shares 0.14B
FY19
Diluted shares 0.14B
FY20
Diluted shares 0.14B
FY21
Diluted shares 0.14B
FY22
Diluted shares 0.14B
FY23
Diluted shares 0.14B
FY24
Diluted shares 0.14B
FY25
Diluted shares 0.14B
Value First Financial Bankshares yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Earnings multiple
Value per share
—
Reference multiples: today 16.1x · peers 12.2x · sector 13.7x.
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $3.3B
Deposits $5.5B
FY17
Loans $3.4B
Deposits $6.0B
FY18
Loans $3.9B
Deposits $6.2B
FY19
Loans $4.1B
Deposits $6.6B
FY20
Loans $5.1B
Deposits $8.7B
FY21
Loans $5.3B
Deposits $10.6B
FY22
Loans $6.4B
Deposits $11.0B
FY23
Loans $7.1B
Deposits $11.1B
FY24
Loans —
Deposits $12.1B
FY25
Loans —
Deposits $13.3B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $5.3B | $6.4B | $7.1B | — | — |
| Deposits | $10.6B | $11.0B | $11.1B | $12.1B | $13.3B |
| Loans / deposits | 50.4% | 57.8% | 63.4% | — | — |
| Total assets | $13.1B | $13.0B | $13.1B | $14.0B | $15.4B |
| Shareholders' equity | $1.8B | $1.3B | $1.5B | $1.6B | $1.9B |
| Goodwill | $314M | $314M | $314M | $314M | $314M |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Provision / loans | −0.0% | 0.3% | 0.2% | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.6M
8 insiders
Sold, 12 months
$0.5M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Michael B. DennyDirector | Bought | 3,000 | $34.66 | $0.1M | Form 4 |
| Aug 17, 2026 | Ronald David Butler IIEvp/cao | Sold | 15,000 | $34.95 | $0.5M | Form 4 |
| Jul 24, 2026 | Robert Clark Nickles JrDirector | Bought | 700 | $34.89 | $0.0M | Form 4 |
| Jun 11, 2026 | Murray Hamilton EdwardsDirector | Bought | 1,000 | $33.18 | $0.0M | Form 4 |
| May 5, 2026 | Robert Clark Nickles JrDirector | Bought | 664 | $31.96 | $0.0M | Form 4 |
| Mar 13, 2026 | Murray Hamilton EdwardsDirector | Bought | 1,000 | $29.32 | $0.0M | Form 4 |
| Mar 12, 2026 | Geoff HaneyDirector | Bought | 1,500 | $29.18 | $0.0M | Form 4 |
| Mar 12, 2026 | Johnny TrotterDirector | Bought | 1,000 | $29.26 | $0.0M | Form 4 |
| Mar 9, 2026 | Michelle S HickoxEvp/cfo | Bought | 2,000 | $29.50 | $0.1M | Form 4 |
| Mar 6, 2026 | Brian D. GoodrichEVP - General Counsel | Bought | 1,665 | $29.89 | $0.0M | Form 4 |
| Mar 6, 2026 | Sally Pope DavisDirector | Bought | 1,800 | $29.52 | $0.1M | Form 4 |
| Mar 5, 2026 | Johnny TrotterDirector | Bought | 4,000 | $30.02 | $0.1M | Form 4 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| First Financial Bankshares FFIN | $4.3B | 14.7% | — | — | — | 16.1x | — | |
| Intl Bancshares IBOC | $4.2B | 1.0% | — | — | — | 10.1x | — | Compare → |
| Home BancShares HOMB | $6.0B | 7.2% | — | — | — | 12.4x | — | Compare → |
| United Bankshares UBSI | $6.9B | 19.6% | — | — | — | 13.3x | — | Compare → |
| Prosperity Bancshares PB | $6.6B | 4.8% | — | — | — | 12.1x | — | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $312M | $328M | $375M | $398M | $490M | $513M | $533M | $492M | $551M | $632M |
| Net interest income | $227M | $237M | $273M | $289M | $350M | $370M | $401M | $384M | $427M | $501M |
| Noninterest income | $85.1M | $91.0M | $102M | $108M | $140M | $142M | $132M | $108M | $124M | $131M |
| Noninterest expense | $166M | $174M | $191M | $197M | $228M | $242M | $235M | $238M | $265M | $293M |
| Provision for credit losses | $10.2M | $6.5M | $5.7M | $3.0M | $19.5M | −$1.1M | $17.4M | $10.6M | $13.8M | $28.6M |
| Pretax income | $136M | $147M | $178M | $198M | $242M | $272M | $281M | $243M | $272M | $310M |
| Income tax | $31.2M | $26.8M | $27.5M | $33.2M | $40.3M | $44.4M | $46.4M | $44.3M | $48.3M | $56.0M |
| Net income | $105M | $120M | $151M | $165M | $202M | $228M | $235M | $199M | $224M | $254M |
| Net income to common | $105M | $120M | $151M | $165M | $202M | $228M | $235M | $199M | $224M | $254M |
| Diluted EPS | $0.80 | $0.91 | $1.11 | $1.21 | $1.42 | $1.59 | $1.64 | $1.39 | $1.56 | $1.77 |
| Diluted shares | 0.13B | 0.13B | 0.14B | 0.14B | 0.14B | 0.14B | 0.14B | 0.14B | 0.14B | 0.14B |
| Cash flow | ||||||||||
| Stock-based compensation | $0.9M | $1.7M | $1.5M | $1.5M | $1.4M | $3.2M | $4.0M | $4.3M | $4.9M | $6.9M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $8.0M | $0.0M | $9.4M | $2.7M | $0.0M | $0.0M |
| Dividends paid | $44.9M | $49.0M | $53.9M | $61.1M | $70.3M | $79.7M | $91.3M | $100M | $103M | $106M |
| Dividends and buybacks | $44.9M | $49.0M | $53.9M | $61.1M | $78.3M | $79.7M | $101M | $103M | $103M | $106M |
| Balance sheet | ||||||||||
| Loans, net | $3.3B | $3.4B | $3.9B | $4.1B | $5.1B | $5.3B | $6.4B | $7.1B | — | — |
| Deposits | $5.5B | $6.0B | $6.2B | $6.6B | $8.7B | $10.6B | $11.0B | $11.1B | $12.1B | $13.3B |
| Goodwill | $140M | $140M | $172M | $172M | $314M | $314M | $314M | $314M | $314M | $314M |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total assets | $6.8B | $7.3B | $7.7B | $8.3B | $10.9B | $13.1B | $13.0B | $13.1B | $14.0B | $15.4B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $838M | $923M | $1.1B | $1.2B | $1.7B | $1.8B | $1.3B | $1.5B | $1.6B | $1.9B |
| Margins | ||||||||||
| Net margin | 33.6% | 36.7% | 40.2% | 41.5% | 41.3% | 44.4% | 44.0% | 40.5% | 40.6% | 40.2% |
| Net interest share of revenue | 72.7% | 72.2% | 72.8% | 72.7% | 71.4% | 72.3% | 75.3% | 78.0% | 77.5% | 79.3% |
| Efficiency ratio | 53.2% | 53.1% | 50.9% | 49.4% | 46.5% | 47.2% | 44.0% | 48.4% | 48.1% | 46.5% |
| Returns | ||||||||||
| Return on equity | 12.8% | 13.7% | 15.3% | 14.5% | 13.9% | 13.2% | 15.5% | 14.4% | 14.4% | 14.4% |
| Return on assets | 1.6% | 1.7% | 2.0% | 2.1% | 2.1% | 1.9% | 1.8% | 1.5% | 1.7% | 1.7% |
| Return on tangible equity | 15.4% | 16.3% | 18.1% | 17.0% | 16.7% | 16.2% | 19.6% | 18.6% | 18.0% | 17.5% |
| Growth | ||||||||||
| Revenue growth | 7.2% | 5.0% | 14.3% | 6.1% | 23.2% | 4.6% | 4.0% | −7.7% | 12.0% | 14.7% |
| Net income growth | 4.4% | 14.9% | 25.1% | 9.4% | 22.6% | 12.6% | 3.0% | −15.1% | 12.3% | 13.5% |
| EPS growth | 3.3% | 14.5% | 22.0% | 9.0% | 17.4% | 12.0% | 3.1% | −15.2% | 12.2% | 13.5% |
| Share count change | 1.6% | 0.3% | 2.5% | 0.3% | 4.6% | 0.4% | 0.1% | −0.2% | 0.2% | 0.2% |
| Financial health | ||||||||||
| Loans / deposits | 60.5% | 57.7% | 63.1% | 62.7% | 58.8% | 50.4% | 57.8% | 63.4% | — | — |
| Provision / loans | 0.3% | 0.2% | 0.2% | 0.1% | 0.4% | −0.0% | 0.3% | 0.2% | — | — |
| Capital allocation | ||||||||||
| Stock comp / revenue | 0.3% | 0.5% | 0.4% | 0.4% | 0.3% | 0.6% | 0.7% | 0.9% | 0.9% | 1.1% |
Source: SEC EDGAR XBRL filings (CIK 0000036029). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.