FIRST FINANCIAL BANKSHARES INC

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

FFIN$30.76+1.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Financial Statements and Supplementary Data

ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Our consolidated financial statements and the report of our independent registered public accounting firm begin on page F-1.

Quarterly Results of Operations (in thousands, except per share and common stock data):

The following tables set forth certain unaudited historical quarterly financial data for each of the eight consecutive quarters in the fiscal years of 2023 and 2022. This information is derived from unaudited consolidated financial statements that include, in our opinion, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation when read in conjunction with our consolidated financial statements and notes thereto included elsewhere in this Form 10-K.

	4th	3rd	2nd	1st
(dollars in thousands, except per share amounts)
Summary Income Statement Information:
Interest income	142,207	135,351	129,005	121,508
Interest expense	44,699	41,202	33,139	25,222
Net interest income	97,508	94,149	95,866	96,286
Provision for credit losses	-	2,276	5,573	2,781
Net interest income after provision for credit losses	97,508	91,873	90,293	93,505
Noninterest income	21,979	28,070	29,947	28,007
Noninterest expense	63,474	59,539	57,613	57,256
Earnings before income taxes	56,013	60,404	62,627	64,256
Income tax expense	10,031	10,848	11,754	11,688
Net earnings	45,982	49,556	50,873	52,568
Per Share Data:
Earnings per share, basic	$0.32	$0.35	$0.36	$0.37
Earnings per share, diluted	0.32	0.35	0.36	0.37
Cash dividends declared	0.18	0.18	0.18	0.17
Book value at period-end	10.50	8.69	9.58	9.62
Common stock sales price:
High	$31.58	$33.06	$32.26	$38.24
Low	22.84	23.86	25.01	27.55
Close	30.30	25.12	28.49	31.90

	4th	3rd	2nd	1st
(dollars in thousands, except per share amounts)
Summary Income Statement Information:
Interest income	$121,137	$112,728	$101,981	$97,009
Interest expense	17,100	9,572	3,199	1,570
Net interest income	104,037	103,156	98,782	95,439
Provision for credit losses	4,075	3,221	5,350	4,782
Net interest income after provision for credit losses	99,962	99,935	93,432	90,657
Noninterest income	28,393	30,609	35,669	34,850
Net gain on securities transactions	131	334	1,648	31
Noninterest expense	57,778	59,442	58,333	59,225
Earnings before income taxes	70,708	71,436	72,416	66,313
Income tax expense	12,040	12,095	11,922	10,341
Net earnings	$58,668	$59,341	$60,494	$55,972
Per Share Data:
Earnings per share, basic	$0.41	$0.42	$0.42	$0.39
Earnings per share, diluted	0.41	0.41	0.42	0.39
Cash dividends declared	0.17	0.17	0.17	0.15
Book value at period-end	8.87	7.94	9.32	10.43
Common stock sales price:
High	$46.08	$47.26	$45.02	$53.62
Low	32.53	38.72	37.47	44.09
Close	34.40	41.83	39.27	44.12

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.