FIRST FINANCIAL BANKSHARES INC
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
FFIN$30.59-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows – Unaudited
(Dollars in thousands)
| Three-Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net earnings | $71,543 | $61,346 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 3,573 | 3,500 |
| Provision for credit losses | 2,291 | 3,528 |
| Securities premium amortization, net | 7,858 | 9,506 |
| Loss on sale of foreclosed assets | 56 | 35 |
| Stock-based compensation | 1,902 | 1,927 |
| Net tax benefit from stock-based compensation | 158 | 59 |
| Change in loans held-for-sale | 7,007 | (5,882) |
| Change in other assets | 7,684 | (1,408) |
| Change in other liabilities | (430) | 4,215 |
| Total adjustments | 30,099 | 15,480 |
| Net cash provided by operating activities | 101,642 | 76,826 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Activity in available-for-sale securities: | ||
| Proceeds from maturities, calls, and paydowns | 9,741,411 | 5,234,555 |
| Purchases | (9,929,436) | (5,341,856) |
| Net increase in loans held-for-investment | (128,893) | (32,980) |
| Purchases of bank premises, equipment and software | (4,141) | (2,115) |
| Net cash used in investing activities | (321,059) | (142,396) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net (decrease) increase in noninterest-bearing deposits | (15,179) | 8,512 |
| Net (decrease) increase in interest-bearing deposits | (85,113) | 359,085 |
| Net proceeds (repayment) in repurchase agreements and other borrowings | 5,616 | (113,435) |
| Common stock transactions: | ||
| Proceeds from stock option exercises/stock unit conversions/restricted stock activity | 456 | 804 |
| Dividends paid | (27,223) | (25,754) |
| Net cash (used in) provided by financing activities | (121,443) | 229,212 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (340,860) | 163,642 |
| CASH AND CASH EQUIVALENTS, beginning of period | 1,077,988 | 763,413 |
| CASH AND CASH EQUIVALENTS, end of period | $737,128 | $927,055 |
| SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS: | ||
| Interest paid | $48,707 | $48,694 |
| Schedule of noncash investing and financing activities: | ||
| Increase in capital commitments relating to low-income housing project investments | 10,000 | — |
| Loans transferred to other real estate owned, net | 1,695 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.