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 |
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 |