- Total deposits reached $12.47 billion, surpassing the estimate of $12.27 billion.
- Loans held for investment were $7.95 billion, slightly below the $7.99 billion estimate.
- Net interest income amounted to $118.8 million.
- The net interest margin (NIM) on a taxable-equivalent basis was 3.74%, compared to the estimated 3.68%.
- Earnings per share (EPS) stood at 43 cents, matching the estimate.
- Cash and due from banks totaled $232.9 million.
- Net income hit $61.3 million, beating the estimate of $60.9 million.
- Provision for loan losses was reported at $2.99 million.
- The company attributes improved results to increased net interest income from balance sheet growth over the previous year.
- The stock has 0 buy recommendations, 4 holds, and 0 sells.
A look at First Finl Bankshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Financial Bankshares, Inc., a multi-bank holding company based in Texas, exhibits a balanced performance outlook based on Smartkarma Smart Scores. With a score of 3 each for Value, Dividend, and Growth factors, the company demonstrates stability and potential for moderate growth. A strong indicator of its robustness is the score of 4 for Resilience, suggesting a solid foundation to weather economic uncertainties. Additionally, the Momentum score of 4 indicates positive traction in the market, reflecting investor confidence in the company’s future prospects.
Overall, First Finl Bankshares appears to present a reliable option for investors seeking a blend of stability, growth potential, and resilience. The balanced Smartkarma Smart Scores highlight the company’s ability to navigate various market conditions while maintaining a steady performance in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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