First Financial Bankshares, Inc. (FFIN) SEC Filings & Earnings Calls
EquiReason read 14 First Financial Bankshares, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-16 — Record net income $74.31M, up 42% YoY; EPS $0.52 vs $0.36 YoY; NIM expanded to 3.91%; loan growth 9.12% annualized QoQ; credit quality strong with low charge-offs..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 4.3B
- P/E TTM
- 16.1
- Dividend yield
- 2.6%
- 52-week
- —
- Next earnings
- 20 Jan, in 88 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
16 Oct 20268-K · 2.02Record net income $74.31M, up 42% YoY; EPS $0.52 vs $0.36 YoY; NIM expanded to 3.91%; loan growth 9.12% annualized QoQ; credit quality strong with low charge-offs.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q3-2026 | $74M | +42% y/y |
| Diluted EPS · Q3-2026 | $0.52 | +44% y/y |
| Net interest income · Q3-2026 | $139M | +9% y/y |
| Net interest margin (tax-equivalent) · Q3-2026 | 3.9% | |
| Efficiency ratio · Q3-2026 | 45.6% | |
| Total assets · Q3-2026 | $15.16B | +2% y/y |
| Total loans · Q3-2026 | $8.54B | +4% y/y |
| Total deposits and repurchase agreements · Q3-2026 | $13.19B | +2% y/y |
| Allowance for credit losses to loans · Q3-2026 | 1.3% | |
| Net charge-offs · Q3-2026 | $935000.00 | -96% y/y |
Risks flagged
Unrealized loss on securities portfolio increased significantly due to rising long-term rates
“Unrealized loss on securities portfolio, net of tax, totaled $489.55 million at September 30, 2026, compared to $279.67 million at June 30, 2026”
Classified loans increased to $294.49M from $252.96M YoY
“Classified loans totaled $294.49 million at September 30, 2026, compared to $252.96 million at September 30, 2025” · word for word
4 Aug 202610-QFirst Financial Bankshares reported Q2 2026 net earnings of $71.9 million, up 7.9% YoY, with net interest margin expanding 9 bps to 3.90%.earningsopen
Figures in the filing · each found in the filing text
| Net interest margin (tax-equivalent) · Q2-2026 | 3.9% | |
| Net earnings · Q2-2026 | $72M | +8% y/y |
| Total deposits · 2026-06-30 | $13.12B | |
| Diluted earnings per share · Q2-2026 | $0.50 | +6% y/y |
| Efficiency ratio · Q2-2026 | 45.9% | |
| Allowance for credit losses as a % of loans · 2026-06-30 | 1.4% | |
| Total risk-based capital ratio · 2026-06-30 | 21.6% | |
| Nonaccrual, past due 90 days or more and still accruing, and foreclosed assets · 2026-06-30 | $67M |
Risks flagged
Credit quality deterioration in residential real estate
“The provision for credit losses on loans increased to $3.9 million for Q2 2026 from $2.4 million in Q2 2025, driven by a $7.4 million provision in the Residential segment.”
Unrealized losses on securities portfolio
“At June 30, 2026, the available-for-sale securities portfolio had gross unrealized losses of $376.8 million, primarily due to increases in market interest rates.”
Interest rate sensitivity
“A 200 basis point increase in interest rates would decrease net interest income by 2.65%, indicating an asset-sensitive balance sheet.”
17 Jul 20268-K · 2.02First Financial Bankshares reports 2Q26 net earnings of $71.89M, EPS $0.50, vs $66.66M/$0.47 in 2Q25. NIM expanded to 3.90% from 3.81%. Loan growth 3.5% YoY, deposits up 5.4%. Wealth management fee income up 9.5%. Efficiency ratio 45.94% vsearningsopen
Figures in the filing · each found in the filing text
| Net earnings · Q2-2026 | $72M | +8% y/y |
| Diluted EPS · Q2-2026 | $0.50 | +6% y/y |
| Net interest margin · Q2-2026 | 3.9% | |
| Net interest income · Q2-2026 | $137M | +11% y/y |
| Efficiency ratio · Q2-2026 | 45.9% | |
| Total assets · Q2-2026 | $15.31B | +6% y/y |
| Gross loans · Q2-2026 | $8.35B | +3% y/y |
| Total deposits · Q2-2026 | $13.17B | +5% y/y |
| Allowance for credit losses · Q2-2026 | $112M | +9% y/y |
| Noninterest income · Q2-2026 | $36M | +9% y/y |
Risks flagged
Noninterest expense growth (13.1% YoY) outpaced revenue growth, driven by salary increases and incentive accruals, pressuring efficiency ratio.
“Noninterest expense for the second quarter of 2026 totaled $81.11 million compared to $71.74 million for the second quarter of 2025; efficiency ratio increased to 45.94% from 44.97%”
Provision for credit losses increased 33.5% YoY, though from a low base, and classified loans increased 10.1% YoY, indicating some credit quality normalization.
“Provision for credit losses of $4.18 million vs $3.13 million; Classified loans totaled $283.10 million vs $257.07 million”
5 May 202610-QAllowance for credit losses on loans $108M; Net charge-offs $1M (+24% y/y); Gain on sale of mortgage loans $4M (+51% y/y)open
Figures in the filing · each found in the filing text
| Allowance for credit losses on loans · 2026-03-31 | $108M | |
| Net charge-offs · Q1-2026 | $1M | +24% y/y |
| Gain on sale of mortgage loans · Q1-2026 | $4M | +51% y/y |
Risks flagged
Interest rate risk
“The Company’s loans that are individually evaluated for credit losses... changes in the interest rate environment which may directly impact prepayment and curtailment rate assumptions”
Credit concentration in CRE
“Non-Owner Occupied CRE loans $825,771; Owner Occupied CRE $1,132,114”
29 Apr 20268-K · 5.07, 7.01Dividend per share $0.22 (+16% y/y)open
Figures in the filing · each found in the filing text
| Dividend per share · Q2-2026 | $0.22 | +16% y/y |
6 Mar 2026DEF 14AAnnual proxy statement filed; leadership transition announced; executive compensation disclosed; strong 2025 financial results reported.open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $254M | +13% y/y |
| Diluted earnings per share · FY2025 | $1.77 | +13% y/y |
| Return on average assets · FY2025 | 1.8% | |
| Return on average equity · FY2025 | 14.6% | |
| Net interest margin · FY2025 | 3.8% | |
| Efficiency ratio · FY2025 | 45.5% | |
| Total deposits · FY2025 | $13.35B | +10% y/y |
| Trust assets under management · Trust Company · FY2025 | $11.94B | |
| Trust fees · Trust Company · FY2025 | $52M | |
| Net charge-off ratio · FY2025 | 1.1% |
Risks flagged
Credit quality deterioration
“Net Charge-Offs ... Actual Results 1.07% (threshold was 0.07%)”
Non-performing assets above target
“Non-Performing Assets ... Actual Results 0.69% (target was 0.60%)”
25 Feb 202610-KNet interest income $501M (+17% y/y); Net income $254M (+14% y/y); Total risk-based capital ratio 21.17open
Figures in the filing · each found in the filing text
| Net interest income · FY2025 | $501M | +17% y/y |
| Net income · FY2025 | $254M | +14% y/y |
| Total risk-based capital ratio · FY2025 | 21.2% | |
| Tier 1 leverage ratio · FY2025 | 12.6% | |
| Unrealized loss on AFS securities (pre-tax) · FY2025 | $342M | -36% y/y |
| Book value per share · FY2025 | $13.39 | +19% y/y |
| Earnings per share (diluted) · FY2025 | $1.78 | +13% y/y |
| Dividend payout ratio · FY2025 | 42.4% |
Risks flagged
Unrealized losses on AFS securities remain significant
“During the year ended December 31, 2025, the corresponding unrealized loss before taxes on the portfolio of $537.55 million at December 31, 2024, declined to an unrealized loss before taxes of $342.03 million at December 31, 2025.” · word for word
Interest rate sensitivity to rising rates
“Percentage change in net interest income: -100bps: (1.44)%; -200bps: (2.86)%.”
Concentration in commercial real estate loans
“The filing does not provide specific CRE concentration data, but the bank's loan portfolio likely includes CRE exposure.”
29 Jan 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Key-man risk during transition period, though mitigated by Dueser's continued presence
“CEO change with new leader taking over; Dueser remains as Executive Chairman”
23 Jan 20268-K · 2.02Net income $73M (+18% y/y); Diluted earnings per share $0.51 (+19% y/y); Net interest income $131M (+13% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $73M | +18% y/y |
| Diluted earnings per share · Q4-2025 | $0.51 | +19% y/y |
| Net interest income · Q4-2025 | $131M | +13% y/y |
| Net interest margin (tax-equivalent) · Q4-2025 | 3.8% | |
| Efficiency ratio · Q4-2025 | 46.1% | |
| Total deposits and repurchase agreements · Q4-2025 | $13.41B | +10% y/y |
| Total loans · Q4-2025 | $8.16B | +3% y/y |
| Total assets · Q4-2025 | $15.45B | +11% y/y |
| Allowance for credit losses · Q4-2025 | $106M | +7% y/y |
| Net charge-offs · Q4-2025 | $391000.00 | -80% y/y |
Risks flagged
Asset quality stable; nonperforming assets 0.69% vs 0.80% YoY; classified loans increased to $255.61M
“Nonperforming assets as a percentage of loans and foreclosed assets 0.69% at Dec 2025 vs 0.80% at Dec 2024; classified loans $255.61M vs $233.85M” · word for word
7 Nov 202510-QFirst Financial Bankshares reported Q3 2025 earnings with a $21.55M fraud-related credit loss, but core trends remain positive with NIM expansion and loan growth.earningsopen
Figures in the filing · each found in the filing text
| Net earnings · Q3-2025 | $52M | -6% y/y |
| Net interest margin (tax-equivalent) · Q3-2025 | 3.8% | |
| Total deposits · 2025-09-30 | $12.85B | +9% y/y |
| Provision for credit losses · Q3-2025 | $24M | +299% y/y |
| Net charge-offs to average loans (annualized) · Q3-2025 | 1.1% | |
| Efficiency ratio · Q3-2025 | 44.7% | |
| Diluted earnings per share · Q3-2025 | $0.36 | -8% y/y |
| Dividend per share · Q3-2025 | $0.19 | +6% y/y |
Risks flagged
Fraud-related credit loss
“This quarter was impacted by a $21.55 million credit loss believed to be due to fraudulent activity associated with a commercial borrower.” · word for word
Concentration in Texas real estate
“Commercial real estate loans (owner and non-owner occupied CRE) represent 23.32% of the Company's total loan portfolio as of September 30, 2025.” · word for word
Unrealized losses on securities portfolio
“Included in shareholders' equity at September 30, 2025... were $308.58 million... in unrealized losses on investment securities available-for-sale, net of related income taxes” · word for word
24 Oct 20258-K · 2.02Net income $52M (-6% y/y); Diluted earnings per share $0.36 (-8% y/y); Net interest income $127M (+19% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q3-2025 | $52M | -6% y/y |
| Diluted earnings per share · Q3-2025 | $0.36 | -8% y/y |
| Net interest income · Q3-2025 | $127M | +19% y/y |
| Net interest margin · Q3-2025 | 3.8% | |
| Provision for credit losses · Q3-2025 | $24M | +299% y/y |
| Allowance for credit losses · Q3-2025 | $106M | +6% y/y |
| Net charge-offs · Q3-2025 | $22M | +2742% y/y |
| Nonperforming assets as % of loans and foreclosed assets · Q3-2025 | 0.7% | |
| Total assets · Q3-2025 | $14.84B | +9% y/y |
| Total deposits and repurchase agreements · Q3-2025 | $12.90B | +9% y/y |
Risks flagged
Fraud-related credit loss of $21.55M, isolated but material; legal action underway.
“This quarter was impacted by a $21.55 million credit loss believed to be due to fraudulent activity associated with a commercial borrower. We have reviewed our portfolio to look for systemic issues and believe this to be isolated.” · word for word
Provision for credit losses surged to $24.44M from $6.12M YoY, reflecting elevated credit risk.
“The Company recorded a provision for credit losses of $24.44 million for the third quarter of 2025 compared to a provision for credit losses of $6.12 million and $3.13 million for the third quarter of 2024 and second quarter of 2025, respectively.” · word for word
First Financial Bankshares, Inc. — questions
- What did First Financial Bankshares, Inc. file recently?
- 14 SEC filings in the last 12 months. Latest: 8-K on 2026-10-16 — Record net income $74.31M, up 42% YoY; EPS $0.52 vs $0.36 YoY; NIM expanded to 3.91%; loan growth 9.12% annualized QoQ; credit quality strong with low charge-offs.
Every figure on this page comes from First Financial Bankshares, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.