- First Financial Bankshares reported total deposits of $12.10 billion, surpassing estimates of $11.95 billion.
- Loans held for investment amounted to $7.91 billion, slightly higher than the estimated $7.87 billion.
- The bank achieved a net interest income of $116.1 million.
- Net interest margin (NIM) on a taxable-equivalent basis was 3.67%, beating the estimated 3.52%.
- Earnings per share (EPS) were reported at 43 cents, higher than the estimated 40 cents.
- Cash and due from banks stood at $260.0 million.
- Net income reached $62.3 million, exceeding the estimate of $57.1 million.
- Analysts’ ratings show 0 buys, 4 holds, and 0 sells for the company.
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, has a promising long-term outlook as indicated by its Smartkarma Smart Scores. With consistent scores of 3 for Value, Dividend, and Growth, the company demonstrates stability in these key areas. Additionally, scoring a 4 in both Resilience and Momentum shows the company’s ability to weather economic uncertainties and maintain a positive growth trajectory. This balanced performance across multiple factors suggests a favorable outlook for First Financial Bankshares in the long term.
First Financial Bankshares, Inc. operates multiple banks in Texas, offering a range of banking services including deposit-taking, loan origination, fund transmission, and other financial services. The company’s overall Smartkarma Smart Scores reflect a solid foundation in key areas, positioning it well for sustained growth and resilience in the face of market challenges. Investors may find First Financial Bankshares to be a promising prospect for long-term investment based on its consistent performance across various metrics.
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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