FIRST FINANCIAL BANKSHARES INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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.

FY2024 · Filed Feb 21, 2025

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

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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 2024 and 2023. 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	$165,792	$159,958	$153,673	$149,495
Interest expense	49,675	52,849	50,400	49,253
Net interest income	116,117	107,109	103,273	100,242
Provision for credit losses	1,003	6,123	5,888	808
Net interest income after provision for credit losses	115,114	100,986	97,385	99,434
Noninterest income	30,977	32,362	31,268	29,383
Noninterest expense	70,099	66,012	65,012	63,940
Earnings before income taxes	75,992	67,336	63,641	64,877
Income tax expense	13,671	12,028	11,156	11,480
Net earnings	$62,321	$55,308	$52,485	$53,397
Per Share Data:
Earnings per share, basic	$0.44	$0.39	$0.37	$0.37
Earnings per share, diluted	0.43	0.39	0.37	0.37
Cash dividends declared	0.18	0.18	0.18	0.18
Book value at period-end	11.24	11.63	10.63	10.44
Common stock sales price:
High	$44.66	$39.53	$32.73	$33.15
Low	35.13	28.35	27.62	27.06
Close	36.05	37.01	29.53	32.81

	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

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