FIRST FINANCIAL BANKSHARES INC
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
FFIN$30.41-0.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings – Unaudited
| Three-Months Ended September 30, | Nine-Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| INTEREST INCOME: | ||||
| Interest and fees on loans | $129,638 | $106,377 | $370,438 | $293,453 |
| Interest on investment securities: | ||||
| Taxable | 19,866 | 19,425 | 59,730 | 60,240 |
| Exempt from federal income tax | 7,696 | 8,757 | 23,120 | 28,145 |
| Interest on federal funds sold and interest-bearing demand deposits in banks | 2,758 | 792 | 9,838 | 4,026 |
| Total interest income | 159,958 | 135,351 | 463,126 | 385,864 |
| INTEREST EXPENSE: | ||||
| Interest on deposits | 51,995 | 36,165 | 145,661 | 85,606 |
| Interest on repurchase agreements and borrowings | 854 | 5,037 | 6,841 | 13,957 |
| Total interest expense | 52,849 | 41,202 | 152,502 | 99,563 |
| Net interest income | 107,109 | 94,149 | 310,624 | 286,301 |
| PROVISION FOR CREDIT LOSSES | 6,123 | 2,276 | 12,817 | 10,631 |
| Net interest income after provision for credit losses | 100,986 | 91,873 | 297,807 | 275,670 |
| NONINTEREST INCOME: | ||||
| Trust fees | 11,694 | 10,050 | 34,787 | 29,778 |
| Service charges on deposit accounts | 6,428 | 6,509 | 18,683 | 18,855 |
| Debit card fees | 5,528 | 5,041 | 15,564 | 16,697 |
| Credit card fees | 617 | 694 | 1,920 | 2,014 |
| Gain on sale and fees on mortgage loans | 3,359 | 3,442 | 10,174 | 9,950 |
| Net gain on sale of available-for-sale securities | — | (972) | — | (914) |
| Net gain (loss) on sale of foreclosed assets | (30) | (10) | (88) | 23 |
| Net gain on sale of other assets | 267 | 696 | 269 | 1,626 |
| Interest on loan recoveries | 1,359 | 698 | 2,578 | 1,519 |
| Other noninterest income | 3,140 | 1,922 | 9,125 | 6,477 |
| Total noninterest income | 32,362 | 28,070 | 93,012 | 86,025 |
| NONINTEREST EXPENSE: | ||||
| Salaries, commissions and employee benefits | 37,497 | 32,935 | 111,652 | 96,162 |
| Net occupancy expense | 3,738 | 3,565 | 10,826 | 10,418 |
| Equipment expense | 2,291 | 2,200 | 6,761 | 6,525 |
| FDIC insurance premiums | 1,514 | 1,573 | 4,987 | 4,644 |
| Debit card expense | 3,248 | 3,284 | 9,548 | 9,704 |
| Professional and service fees | 2,793 | 2,425 | 8,017 | 7,187 |
| Printing, stationery and supplies | 199 | 512 | 1,071 | 1,962 |
| Operational and other losses | 955 | 959 | 2,878 | 2,746 |
| Software amortization and expense | 3,712 | 2,441 | 9,875 | 7,271 |
| Amortization of intangible assets | 157 | 228 | 471 | 684 |
| Other noninterest expense | 9,908 | 9,417 | 28,879 | 27,104 |
| Total noninterest expense | 66,012 | 59,539 | 194,965 | 174,407 |
| EARNINGS BEFORE INCOME TAXES | 67,336 | 60,404 | 195,854 | 187,288 |
| INCOME TAX EXPENSE | 12,028 | 10,848 | 34,664 | 34,291 |
| NET EARNINGS | $55,308 | $49,556 | $161,190 | $152,997 |
| NET EARNINGS PER SHARE, BASIC | $0.39 | $0.35 | $1.13 | $1.07 |
| NET EARNINGS PER SHARE, DILUTED | $0.39 | $0.35 | $1.13 | $1.07 |
| DIVIDENDS PER SHARE | $0.18 | $0.18 | $0.54 | $0.53 |
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