First Financial Bankshares, Inc. (FFIN)

FFIN Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	482.92	405.94	296.11	271.64	263.32	224.56
Interest Income on Investments	122.41	122.13	136.74	104.77	100.81	94.64
Total Interest Income	605.33	528.07	432.85	376.41	364.13	319.19
Interest Paid on Deposits	184.89	124.83	26.25	5.71	13.12	27.12
Interest Paid on Borrowings	12.32	19.43	5.19	0.34	1.13	2.98
Total Interest Expense	197.2	144.26	31.44	6.04	14.24	30.1
Net Interest Income	408.13	383.81	401.41	370.36	349.89	289.09
Net Interest Income Growth (YoY)	4.56%	-4.39%	8.38%	5.85%	21.03%	5.99%
Trust Income	45.47	40.46	40	36.15	29.53	28.4
Gain (Loss) on Sale of Assets	0.17	1.53	0.52	0.21	0.11	0.32
Gain (Loss) on Sale of Investments	-6.21	-7.12	2.14	0.82	3.63	0.73
Other Non-Interest Income	38.31	35.83	43.98	50.42	42.06	38.52
Total Non-Interest Income	114.99	108	131.67	142.18	139.94	108.43
Non-Interest Income Growth (YoY)	0.38%	-17.97%	-7.39%	1.60%	29.06%	6.55%
Revenues Before Loan Losses	523.12	491.81	533.08	512.54	489.82	397.52
Provision for Loan Losses	12.82	10.63	17.43	-1.14	19.52	2.97
Revenue	510.31	481.18	515.65	513.68	470.3	394.55
Revenue Growth (YoY)	4.11%	-6.68%	0.38%	9.22%	19.20%	6.97%
Salaries and Employee Benefits	135.18	120.38	123.04	131.82	125.25	103.56
Occupancy Expenses	14.17	13.77	13.31	13.01	12.39	11.16
Federal Deposit Insurance	8.09	7.75	3.71	3.13	1.76	1.09
Amortization of Goodwill & Intangibles	13.59	11.2	11.21	12.73	10.85	8.32
Selling, General & Administrative	31.17	31.1	30.28	30.03	27.82	28.63
Other Non-Interest Expense	56.23	53.69	53.23	50.98	49.88	41.09
Total Non-Interest Expense	258.44	237.88	234.78	241.71	227.94	193.85
EBT Excluding Unusual Items	251.87	243.3	280.87	271.97	242.37	200.71
Other Unusual Items	-	-	-	-	-	-2.67
Pretax Income	251.87	243.3	280.87	271.97	242.37	198.03
Income Tax Expense	44.7	44.32	46.4	44.41	40.33	33.22
Net Income	207.17	198.98	234.48	227.56	202.03	164.81
Net Income to Common	207.17	198.98	234.48	227.56	202.03	164.81
Net Income Growth	-2.12%	-15.14%	3.04%	12.64%	22.58%	9.41%
Basic Shares Outstanding	143	143	143	142	142	136
Diluted Shares Outstanding	143	143	143	143	143	136
Shares Change (YoY)	-0.02%	-0.19%	0.05%	0.41%	4.55%	0.28%
EPS (Basic)	1.45	1.39	1.64	1.60	1.42	1.22
EPS (Diluted)	1.45	1.39	1.64	1.59	1.42	1.21
EPS Growth	-2.02%	-15.24%	3.14%	11.97%	17.36%	9.01%
Dividend Per Share	0.720	0.710	0.660	0.580	0.510	0.470
Dividend Growth	2.86%	7.58%	13.79%	13.73%	8.51%	14.63%
Effective Tax Rate	17.75%	18.22%	16.52%	16.33%	16.64%	16.77%

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