First Financial Bankshares, Inc. (FFIN)

FFIN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	628.92	405.94	296.11	271.64	263.32
Interest Income on Investments	-	122.13	136.74	104.77	100.81
Total Interest Income	628.92	528.07	432.85	376.41	364.13
Interest Paid on Deposits	202.18	124.83	26.25	5.71	13.12
Interest Paid on Borrowings	-	19.43	5.19	0.34	1.13
Total Interest Expense	202.18	144.26	31.44	6.04	14.24
Net Interest Income	426.74	383.81	401.41	370.36	349.89
Net Interest Income Growth (YoY)	11.19%	-4.39%	8.38%	5.85%	21.03%
Trust Income	47.45	40.46	40	36.15	29.53
Gain (Loss) on Sale of Assets	0.48	1.53	0.52	0.21	0.11
Gain (Loss) on Sale of Investments	-	-7.12	2.14	0.82	3.63
Other Non-Interest Income	37.94	35.83	43.98	50.42	42.06
Total Non-Interest Income	123.99	108	131.67	142.18	139.94
Non-Interest Income Growth (YoY)	14.80%	-17.97%	-7.39%	1.60%	29.06%
Revenues Before Loan Losses	550.73	491.81	533.08	512.54	489.82
Provision for Loan Losses	13.82	10.63	17.43	-1.14	19.52
Revenue	536.91	481.18	515.65	513.68	470.3
Revenue Growth (YoY)	11.58%	-6.68%	0.38%	9.22%	19.20%
Salaries and Employee Benefits	153.3	120.38	123.04	131.82	125.25
Occupancy Expenses	14.58	13.77	13.31	13.01	12.39
Federal Deposit Insurance	6.5	7.75	3.71	3.13	1.76
Amortization of Goodwill & Intangibles	14.14	11.2	11.21	12.73	10.85
Selling, General & Administrative	32.41	31.1	30.28	30.03	27.82
Other Non-Interest Expense	44.14	53.69	53.23	50.98	49.88
Total Non-Interest Expense	265.06	237.88	234.78	241.71	227.94
EBT Excluding Unusual Items	271.85	243.3	280.87	271.97	242.37
Pretax Income	271.85	243.3	280.87	271.97	242.37
Income Tax Expense	48.34	44.32	46.4	44.41	40.33
Net Income	223.51	198.98	234.48	227.56	202.03
Net Income to Common	223.51	198.98	234.48	227.56	202.03
Net Income Growth	12.33%	-15.14%	3.04%	12.64%	22.58%
Basic Shares Outstanding	143	143	143	142	142
Diluted Shares Outstanding	143	143	143	143	143
Shares Change (YoY)	0.21%	-0.19%	0.05%	0.41%	4.55%
EPS (Basic)	1.56	1.39	1.64	1.60	1.42
EPS (Diluted)	1.56	1.39	1.64	1.59	1.42
EPS Growth	12.23%	-15.24%	3.14%	11.97%	17.36%
Dividend Per Share	0.720	0.710	0.660	0.580	0.510
Dividend Growth	1.41%	7.58%	13.79%	13.73%	8.51%
Effective Tax Rate	17.78%	18.22%	16.52%	16.33%	16.64%

Source: S&P Capital IQ. Banks template. Financial Sources.