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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	459.66	405.94	296.11	271.64	263.32	224.56
Interest Income on Investments	121.06	122.13	136.74	104.77	100.81	94.64
Total Interest Income	580.72	528.07	432.85	376.41	364.13	319.19
Interest Paid on Deposits	169.06	124.83	26.25	5.71	13.12	27.12
Interest Paid on Borrowings	16.5	19.43	5.19	0.34	1.13	2.98
Total Interest Expense	185.55	144.26	31.44	6.04	14.24	30.1
Net Interest Income	395.17	383.81	401.41	370.36	349.89	289.09
Net Interest Income Growth (YoY)	-1.05%	-4.39%	8.38%	5.85%	21.03%	5.99%
Trust Income	43.82	40.46	40	36.15	29.53	28.4
Gain (Loss) on Sale of Assets	0.6	1.53	0.52	0.21	0.11	0.32
Gain (Loss) on Sale of Investments	-7.18	-7.12	2.14	0.82	3.63	0.73
Other Non-Interest Income	36.02	35.83	43.98	50.42	42.06	38.52
Total Non-Interest Income	110.7	108	131.67	142.18	139.94	108.43
Non-Interest Income Growth (YoY)	-5.72%	-17.97%	-7.39%	1.60%	29.06%	6.55%
Revenues Before Loan Losses	505.87	491.81	533.08	512.54	489.82	397.52
Provision for Loan Losses	8.97	10.63	17.43	-1.14	19.52	2.97
Revenue	496.9	481.18	515.65	513.68	470.3	394.55
Revenue Growth (YoY)	-0.84%	-6.68%	0.38%	9.22%	19.20%	6.97%
Salaries and Employee Benefits	130.95	120.38	123.04	131.82	125.25	103.56
Occupancy Expenses	14	13.77	13.31	13.01	12.39	11.16
Federal Deposit Insurance	8.15	7.75	3.71	3.13	1.76	1.09
Amortization of Goodwill & Intangibles	12.39	11.2	11.21	12.73	10.85	8.32
Selling, General & Administrative	30.98	31.1	30.28	30.03	27.82	28.63
Other Non-Interest Expense	55.5	53.69	53.23	50.98	49.88	41.09
Total Non-Interest Expense	251.97	237.88	234.78	241.71	227.94	193.85
EBT Excluding Unusual Items	244.93	243.3	280.87	271.97	242.37	200.71
Other Unusual Items	-	-	-	-	-	-2.67
Pretax Income	244.93	243.3	280.87	271.97	242.37	198.03
Income Tax Expense	43.52	44.32	46.4	44.41	40.33	33.22
Net Income	201.42	198.98	234.48	227.56	202.03	164.81
Net Income to Common	201.42	198.98	234.48	227.56	202.03	164.81
Net Income Growth	-9.05%	-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)	-0.09%	-0.19%	0.05%	0.41%	4.55%	0.28%
EPS (Basic)	1.41	1.39	1.64	1.60	1.42	1.22
EPS (Diluted)	1.41	1.39	1.64	1.59	1.42	1.21
EPS Growth	-9.03%	-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	4.35%	7.58%	13.79%	13.73%	8.51%	14.63%
Effective Tax Rate	17.77%	18.22%	16.52%	16.33%	16.64%	16.77%

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