FFIN
First Financial Bankshares Inc
NASDAQ: FFIN · FINANCIAL SERVICES · BANKS - REGIONAL
$32.39
-0.64% today
Updated 2026-05-07
Market cap
$4.64B
P/E ratio
17.60
P/S ratio
7.46x
EPS (TTM)
$1.84
Dividend yield
2.33%
52W range
$28 – $38
Volume
0.8M
First Financial Bankshares Inc (FFIN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199.16M | $217.64M | $208.61M | $195.04M | $194.63M | $205.74M | $210.70M | $231.85M | $257.41M | $287.75M | $309.23M | $328.67M | $383.40M | $417.06M | $491.94M | $505.62M | $551.27M | $634.55M | $739.21M | $825.80M |
| Revenue growth (YoY) | — | +9.3% | -4.2% | -6.5% | -0.2% | +5.7% | +2.4% | +10.0% | +11.0% | +11.8% | +7.5% | +6.3% | +16.7% | +8.8% | +18.0% | +2.8% | +9.0% | +15.1% | +16.5% | +11.7% |
| Cost of revenue | $50.69M | $60.89M | $43.22M | $28.69M | $22.49M | $14.65M | $8.60M | $7.84M | $8.65M | $13.77M | $15.66M | $15.82M | $24.59M | $33.07M | $33.76M | $4.90M | $48.87M | $3.13M | $216.00M | $232.69M |
| Gross profit | $148.47M | $156.75M | $165.39M | $166.35M | $172.14M | $191.09M | $202.10M | $224.00M | $248.76M | $273.97M | $293.56M | $312.85M | $358.81M | $383.99M | $458.18M | $500.72M | $502.40M | $634.55M | $523.22M | $593.11M |
| Gross margin | 74.5% | 72.0% | 79.3% | 85.3% | 88.4% | 92.9% | 95.9% | 96.6% | 96.6% | 95.2% | 94.9% | 95.2% | 93.6% | 92.1% | 93.1% | 99.0% | 91.1% | 100.0% | 70.8% | 71.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $44.18M | $46.94M | $52.34M | $60.09M | $57.39M | $59.66M | $61.26M | $69.81M | $76.95M | $85.25M | $95.01M | $99.06M | $110.81M | $118.07M | $139.24M | $147.55M | $140.38M | $144.99M | $162.69M | $211.56M |
| Operating income | $65.34M | $69.93M | $73.80M | $72.35M | $78.43M | $92.19M | $99.36M | $104.57M | $118.59M | $131.82M | $135.93M | $147.19M | $178.18M | $198.03M | $242.37M | $271.97M | $280.87M | $243.30M | $271.85M | $309.61M |
| Operating margin | 32.8% | 32.1% | 35.4% | 37.1% | 40.3% | 44.8% | 47.2% | 45.1% | 46.1% | 45.8% | 44.0% | 44.8% | 46.5% | 47.5% | 49.3% | 53.8% | 51.0% | 38.3% | 36.8% | 37.5% |
| EBITDA | $73.51M | $77.11M | $81.82M | $80.10M | $85.53M | $99.54M | $107.28M | $113.21M | $127.85M | $142.96M | $147.50M | $160.10M | $190.72M | $209.70M | $255.16M | $285.03M | $293.64M | $243.30M | $285.27M | $319.94M |
| EBITDA margin | 36.9% | 35.4% | 39.2% | 41.1% | 43.9% | 48.4% | 50.9% | 48.8% | 49.7% | 49.7% | 47.7% | 48.7% | 49.7% | 50.3% | 51.9% | 56.4% | 53.3% | 38.3% | 38.6% | 38.7% |
| EBIT | $65.34M | $69.93M | $73.80M | $72.35M | $78.43M | $92.19M | $99.36M | $104.57M | $118.59M | $131.82M | $135.93M | $147.19M | $178.18M | $198.03M | $242.37M | $271.97M | $280.87M | $243.30M | $271.85M | $309.61M |
| Interest expense | $48.63M | $58.56M | $35.26M | $17.27M | $13.53M | $8.02M | $5.11M | $4.09M | $4.18M | $4.09M | $5.45M | $9.29M | $18.93M | $30.10M | $14.24M | $6.04M | $31.44M | $144.26M | $202.18M | $201.59M |
| Income tax | $19.31M | $20.44M | $20.64M | $18.55M | $20.07M | $23.82M | $25.14M | $25.70M | $29.03M | $31.44M | $31.15M | $26.82M | $27.54M | $33.22M | $40.33M | $44.41M | $46.40M | $44.32M | $48.34M | $56.02M |
| Effective tax rate | 29.6% | 29.2% | 28.0% | 25.6% | 25.2% | 25.8% | 25.3% | 24.6% | 24.5% | 23.8% | 22.9% | 18.2% | 15.5% | 16.8% | 16.6% | 16.3% | 16.5% | 18.2% | 17.8% | 18.1% |
| Net income | $46.03M | $49.49M | $53.16M | $53.80M | $59.66M | $68.37M | $74.22M | $78.87M | $89.56M | $100.38M | $104.77M | $120.37M | $150.64M | $164.81M | $202.03M | $227.56M | $234.47M | $198.98M | $223.51M | $253.59M |
| Net income growth (YoY) | — | +7.5% | +7.4% | +1.2% | +10.9% | +14.6% | +8.6% | +6.3% | +13.6% | +12.1% | +4.4% | +14.9% | +25.1% | +9.4% | +22.6% | +12.6% | +3.0% | -15.1% | +12.3% | +13.5% |
| Profit margin | 23.1% | 22.7% | 25.5% | 27.6% | 30.7% | 33.2% | 35.2% | 34.0% | 34.8% | 34.9% | 33.9% | 36.6% | 39.3% | 39.5% | 41.1% | 45.0% | 42.5% | 31.4% | 30.2% | 30.7% |