A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
First Financial Bankshares, Inc., a Texas corporation (the “Company”), is a financial holding company registered under the Bank Holding Company Act of 1956, as amended, or BHCA. As such, we are supervised by the Federal Reserve Board, as well as several other bank regulators. We were formed as a bank holding company in 1956 under the original name F & M Operating Company, but our banking operations date back to 1890, when Farmers and Merchants National Bank opened for business in Abilene, Texas. As of December 31, 2025, our wholly-owned subsidiaries, all of which are headquartered in Abilene, Texas, were: •First Financial Bank; •First Technology Services, Inc., a wholly-owned subsidiary of First Financial Bank; •FFB Investment Paris Fund, LLC, a wholly-owned subsidiary of First Financial Bank; •FFB Portfolio Management, Inc., a wholly-owned subsidiary of First Financial Bank; •First Financial Trust & Asset Management Company; and •First Financial Insurance Agency, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 833M | 833M | 753M | 636M | 565M | 519M |
| Net Income | 254M | 254M | 224M | 199M | 234M | 228M |
| EPS | $1.77 | $1.77 | $1.56 | $1.39 | $1.64 | $1.59 |
| Free Cash Flow | 286M | 286M | 293M | 268M | 308M | 336M |
| ROIC | 28.1% | 14.4% | 14.4% | 14.4% | 15.5% | 13.2% |
| Gross Margin | 72.6% | 72.6% | 72.3% | 75.0% | 92.4% | 98.4% |
| Debt/Equity | 0.03 | 0.03 | 0.08 | 0.25 | 0.51 | 0.38 |
| Dividends/Share | $0.74 | $0.75 | $0.72 | $0.71 | $0.66 | $0.58 |
| Operating Income | 310M | 310M | 272M | 243M | 281M | 272M |
| Operating Margin | 37.2% | 37.2% | 36.1% | 38.3% | 49.8% | 52.4% |
| ROE | 13.2% | 14.4% | 14.4% | 14.4% | 15.5% | 13.2% |
| Shares Outstanding | 143M | 143M | 143M | 143M | 143M | 143M |
FIRST FINANCIAL BANKSHARES INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
FIRST FINANCIAL BANKSHARES INC trades at 17.8x trailing earnings, compared to its 15-year median P/E of 22.7x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 15.7x vs a median of 19.2x. The company's 5-year average ROIC is 14.4% with a gross margin of 82.1%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is +7.6%.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a current P/E ratio of 17.8, compared to its historical median P/E of 22.7. The stock is currently considered Cheap based on its historical valuation range.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a 5-year average return on invested capital (ROIC) of 14.4%. This indicates solid capital allocation.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a market capitalization of $4.5B. It is classified as a mid-cap stock.
Yes, FIRST FINANCIAL BANKSHARES INC (FFIN) pays a dividend with a trailing twelve-month yield of 2.35%.
Based on historical P/E analysis, FIRST FINANCIAL BANKSHARES INC (FFIN) appears cheap. The current P/E of 17.8 is 22% below its historical median of 22.7. The estimated fair value CAGR (P/E method) is 5.2%.
FIRST FINANCIAL BANKSHARES INC (FFIN) operates in the State Commercial Banks industry, within the Financials sector.
FIRST FINANCIAL BANKSHARES INC (FFIN) reported annual revenue of $833 million in its most recent fiscal year, based on SEC EDGAR filings.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a net profit margin of 30.4%. This is a strong margin indicating high profitability.
FIRST FINANCIAL BANKSHARES INC (FFIN) generated $286 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
FIRST FINANCIAL BANKSHARES INC (FFIN) reported earnings per share (EPS) of $1.77 in its most recent fiscal year.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a return on equity (ROE) of 14.4%. This indicates moderate shareholder returns.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a 5-year average gross margin of 82.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for FIRST FINANCIAL BANKSHARES INC (FFIN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRST FINANCIAL BANKSHARES INC (FFIN) has a book value per share of $13.38, based on its most recent annual SEC filing.