First Financial Bankshares Inc (OQ:FFIN)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 400 Pine Street
ABILENE TX 79601
Tel: 1-325-6277206
Website: https://www.ffin.com
IR: See website
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Key People
F. Scott Dueser
Chairman of the Board, President, Chief Executive Officer
Javier Jurado
Executive Vice President, Chief Audit Executive
Michelle S. Hickox
Chief Financial Officer, Executive Vice President
Kirk W. Thaxton
Chairman, President and Chief Executive Officer of First Financial Trust and Asset Management Company
J. Kyle McVey
Executive Vice President, Chief Accounting Officer, Director of Investor Relations
Ronald D. Butler
Executive Vice President, Chief Administrative Officer
John J. Ruzicka
Executive Vice President, Chief Information Officer
Randall Allen Roewe
Executive Vice President, Chief Risk Officer
David W. Bailey
Executive Vice President - Commercial Banking
Rett Everett
Executive Vice President - Credit Administration
   
Business Overview
First Financial Bankshares, Inc. is a financial holding company. The Company, through its subsidiaries, conducts a full-service commercial banking business. Its subsidiary bank, First Financial Bank, N.A., provides general commercial banking services, which include accepting and holding checking, savings, and time deposits, making loans, offering automated teller machines (ATMs), drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and other customary commercial banking services. It also provides trust and wealth management activities through its trust company, First Financial Trust & Asset Management Company, N.A. Through its trust company, it offers personal trust services, which include wealth management, the administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts. Its loan portfolio consists of professionals, individuals, and others.
Financial Overview
For the fiscal year ended 31 December 2023, First Financial Bankshares Inc interest income increased 22% to $528.1M. Net interest income after loan loss provision decreased 3% to $373.2M. Net income decreased 15% to $199M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities.
Employees: 1,400 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,769M as of Dec 31, 2023
Annual revenue (TTM): $528.07M as of Dec 31, 2023
EBITDA (TTM): $275.31M as of Dec 31, 2023
Net annual income (TTM): $198.98M as of Dec 31, 2023
Free cash flow (TTM): $167.61M as of Dec 31, 2023
Net Debt Last Fiscal Year: $122.73M as of Dec 31, 2023
Shares outstanding: 142,751,867 as of Feb 23, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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