First Financial Bankshares Inc

Chart & Performance

D1W1MN

P/E

26.39

P/S

10.99

EPS

1.39

Div Yield, %

1.90%

Shrs. gr., 5y

1.01%

Rev. gr., 5y

5.53%

Revenues

478m

-8.22%

Net income

199m

-15.14%

CFO

285m

-12.08%

Dividend

Sep 11, 20240.18 USD/sh

Earnings

Jan 23, 2025

Profile

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations. It also provides drive-in and night deposit, remote deposit capture, internet and mobile banking, payroll cards, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administer retirements and employee benefits accounts, such as 401(k) profit-sharing plans and IRAs. Further, the company provides asset management and technology services. As of December 31, 2021, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

URL

https://www.ffin.com/

IPO date

Nov 01, 1993

Employees

1,400

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	478,049 -8.22%	520,847 4.05%	500,566 4.59%
Cost of revenue	148,241	144,229	153,450
Unusual Expense (Income)
NOPBT	329,808	376,618	347,116
NOPBT Margin	68.99%	72.31%	69.34%
Operating Taxes	44,322	46,399	44,408
Tax Rate	13.44%	12.32%	12.79%
NOPAT	285,486	330,219	302,708
Net income	198,977 -15.14%	234,475 3.04%	227,562 12.64%
Dividends	(99,965)	(91,315)	(79,712)
Dividend yield	2.31%	1.85%	1.10%
Proceeds from repurchase of equity	(2,736)	(2,904)	(241,059)
BB yield	0.06%	0.06%	3.31%
Debt
Debt current		621,454	650,099
Long-term debt	21,053	642,507	671,152
Deferred revenue
Other long-term liabilities	(21,053)	(642,507)	(671,152)
Net debt	(9,725,825)	(10,015,435)	(12,353,695)
Cash flow
Cash from operating activities	284,822	323,940	353,231
CAPEX	(17,251)	(15,784)	(19,205)
Cash from investing activities	127,292	(838,005)	(2,611,650)
Cash from financing activities	(206,201)	315,825	2,057,923
FCF	286,671	327,010	295,213
Balance
Cash	5,014,116	5,805,037	7,101,767
Long term investments	4,732,762	5,474,359	6,573,179
Excess cash	9,722,976	11,253,354	13,649,918
Stockholders' equity	817,654	588,144	1,082,353
Invested Capital	12,287,940	8,299,856	8,218,490
ROIC	2.77%	4.00%	4.01%
ROCE	2.52%	4.24%	3.73%
EV
Common stock shares outstanding	142,939	143,208	143,134
Price	30.30 -11.92%	34.40 -32.34%	50.84 40.56%
Market cap	4,331,051 -12.08%	4,926,352 -32.30%	7,276,944 41.14%
EV	(5,394,774)	(5,089,083)	(5,076,751)
EBITDA	351,850	389,380	360,177
EV/EBITDA
Interest	144,261	31,441	6,042
Interest/NOPBT	43.74%	8.35%	1.74%