First Financial Statements From 2010 to 2024

FFIN Stock  USD 42.03  0.54  1.27%   
First Financial financial statements provide useful quarterly and yearly information to potential First Financial Bankshares investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Financial financial statements helps investors assess First Financial's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Financial's valuation are summarized below:
Gross Profit
515.7 M
Profit Margin
0.406
Market Capitalization
B
Enterprise Value Revenue
11.9048
Revenue
510.3 M
We have found one hundred twenty available fundamental signals for First Financial Bankshares, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to verify First Financial's prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 28th of November 2024, Market Cap is likely to grow to about 4.5 B. Also, Enterprise Value is likely to grow to about 4 B

First Financial Total Revenue

666.28 Million

Check First Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 866.4 K, Interest Expense of 151.5 M or Selling General Administrative of 152.2 M, as well as many indicators such as Price To Sales Ratio of 5.6, Dividend Yield of 0.0264 or PTB Ratio of 2.26. First financial statements analysis is a perfect complement when working with First Financial Valuation or Volatility modules.
  
Check out the analysis of First Financial Correlation against competitors.
To learn how to invest in First Stock, please use our How to Invest in First Financial guide.

First Financial Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets13.8 B13.1 B8.1 B
Slightly volatile
Total Stockholder Equity1.6 B1.5 BB
Slightly volatile
Property Plant And Equipment Net86.2 M151.8 M113.1 M
Slightly volatile
Retained Earnings1.3 B1.2 B610.7 M
Slightly volatile
Cash563.4 M536.6 M361.3 M
Slightly volatile
Non Current Assets Total5.5 B5.2 B3.6 B
Slightly volatile
Cash And Short Term Investments5.3 BB3.5 B
Slightly volatile
Common Stock Shares Outstanding112 M142.9 M154.5 M
Slightly volatile
Liabilities And Stockholders Equity13.8 B13.1 B8.1 B
Slightly volatile
Other Stockholder Equity715.3 M681.2 M441.8 M
Slightly volatile
Total Liabilities12.2 B11.6 B5.3 B
Slightly volatile
Property Plant And Equipment Gross286.1 M272.5 M149.4 M
Slightly volatile
Total Current Assets2.7 BB3.7 B
Slightly volatile
Other Current LiabilitiesB3.5 B3.2 B
Very volatile
Total Current Liabilities3.7 B3.5 B2.5 B
Slightly volatile
Short and Long Term Debt Total20 M21.1 M355.4 M
Very volatile
Non Current Liabilities Total7.4 B7.8 BB
Slightly volatile
Other Current Assets879.2 M537.1 M698.4 M
Slightly volatile
Common Stock Total Equity1.2 M1.3 M7.5 M
Slightly volatile
Short Term Debt332 M383 M397.8 M
Slightly volatile
Common Stock1.2 M1.3 M7.5 M
Slightly volatile
Other Liabilities41.1 M41.4 M47.8 M
Pretty Stable
Accounts Payable20.8 M21.9 M1.1 B
Very volatile
Good Will378.5 M360.5 M186.3 M
Slightly volatile
Short Term Investments4.5 B4.7 B3.3 B
Slightly volatile
Inventory2.1 M2.2 M4.5 M
Slightly volatile
Intangible Assets298.9 M314.6 M50.5 M
Slightly volatile
Property Plant Equipment97.1 M175.9 M116.3 M
Slightly volatile
Net Tangible Assets861.9 M1.1 B809.4 M
Slightly volatile
Net Receivables3.2 B4.8 B3.3 B
Slightly volatile
Retained Earnings Total Equity1.4 B1.3 B627.5 M
Slightly volatile
Capital Surpluse463.2 M779.2 M447.7 M
Slightly volatile
Long Term Investments3.4 B4.7 B3.1 B
Slightly volatile
Non Current Liabilities Other50.3 M41.4 M45.7 M
Pretty Stable
Short and Long Term Debt383.2 M380.6 M254.4 M
Slightly volatile
Long Term Debt Total372.2 M421.8 M507.2 M
Slightly volatile
Earning Assets3.5 BB3.2 B
Slightly volatile
Net Invested Capital799 M1.5 B546.7 M
Slightly volatile
Capital Stock1.4 M1.6 M986.3 K
Slightly volatile

First Financial Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization866.4 K912 KM
Slightly volatile
Interest Expense151.5 M144.3 M30.3 M
Slightly volatile
Selling General Administrative152.2 M145 M100.3 M
Slightly volatile
Total Revenue666.3 M634.5 M360.3 M
Slightly volatile
Gross Profit666.3 M634.5 M360.3 M
Slightly volatile
Other Operating Expenses255.5 M243.3 M160.6 M
Slightly volatile
Operating Income136.3 M243.3 M171.5 M
Slightly volatile
EBIT134.9 M243.3 M168.7 M
Slightly volatile
EBITDA142.2 M243.3 M175.1 M
Slightly volatile
Income Before Tax255.5 M243.3 M167.8 M
Slightly volatile
Net Income208.9 M199 M135.8 M
Slightly volatile
Income Tax Expense24.4 M44.3 M31.1 M
Slightly volatile
Net Income Applicable To Common Shares283.1 M269.6 M146.5 M
Slightly volatile
Selling And Marketing Expenses5.3 M2.8 M5.1 M
Slightly volatile
Net Income From Continuing Ops147.2 M199 M134.7 M
Slightly volatile
Extraordinary Items567.7 K597.6 KM
Slightly volatile
Tax Provision39.8 M44.3 M34.8 M
Slightly volatile
Net Interest Income337.1 M385.9 M278.9 M
Slightly volatile
Interest Income369.4 M530.1 M300 M
Slightly volatile
Reconciled Depreciation9.9 M12.6 M12.4 M
Slightly volatile

First Financial Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow280.9 M267.6 M169.7 M
Slightly volatile
Begin Period Cash Flow266.3 M330.7 M315.4 M
Slightly volatile
Depreciation23.1 M22 M12.3 M
Slightly volatile
Other Non Cash Items62.3 M59.4 M38 M
Slightly volatile
Dividends Paid105 M100 M55 M
Slightly volatile
Capital Expenditures11.2 M17.3 M14.8 M
Pretty Stable
Total Cash From Operating Activities299.1 M284.8 M184.9 M
Slightly volatile
Net Income208.9 M199 M135.7 M
Slightly volatile
End Period Cash Flow285.2 M536.6 M333.2 M
Slightly volatile
Stock Based Compensation4.5 M4.3 M2.2 M
Slightly volatile
Change To Netincome108 M102.9 M51.8 M
Slightly volatile
Issuance Of Capital Stock4.5 M4.9 M4.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.69.0449.4246
Very volatile
Dividend Yield0.02640.02310.0177
Very volatile
PTB Ratio2.262.88443.4344
Pretty Stable
Book Value Per Share8.1910.504719.5135
Slightly volatile
Free Cash Flow Yield0.0710.06190.0524
Pretty Stable
Operating Cash Flow Per Share2.11.99611.344
Slightly volatile
Stock Based Compensation To Revenue0.00460.00890.0051
Slightly volatile
Capex To Depreciation0.850.78261.3286
Slightly volatile
PB Ratio2.262.88443.4344
Pretty Stable
EV To Sales5.177.96569.3981
Pretty Stable
Free Cash Flow Per Share1.971.87521.2319
Slightly volatile
ROIC0.20.160.1288
Very volatile
Net Income Per Share1.461.39450.9872
Slightly volatile
Sales General And Administrative To Revenue0.330.29750.2997
Pretty Stable
Capex To Revenue0.05680.03610.0523
Slightly volatile
Cash Per Share35.0836.92926.5297
Slightly volatile
POCF Ratio8.9415.179518.3224
Pretty Stable
Interest Coverage8.428.9818.9275
Pretty Stable
Payout Ratio0.470.50240.3982
Pretty Stable
Capex To Operating Cash Flow0.08860.06060.1052
Slightly volatile
PFCF Ratio12.1216.158220.7416
Slightly volatile
Income Quality1.071.43141.353
Slightly volatile
ROE0.150.13270.137
Pretty Stable
EV To Operating Cash Flow7.5313.369518.1966
Pretty Stable
PE Ratio16.321.728525.1368
Pretty Stable
Return On Tangible Assets0.01310.01560.0168
Pretty Stable
EV To Free Cash Flow10.6114.231520.5768
Slightly volatile
Earnings Yield0.06090.0460.0436
Very volatile
Intangibles To Total Assets0.0150.0240.0204
Slightly volatile
Current Ratio1.351.423.3313
Slightly volatile
Tangible Book Value Per Share7.628.299718.3156
Slightly volatile
Graham Number19.0618.154712.7195
Slightly volatile
Shareholders Equity Per Share11.0310.50477.3039
Slightly volatile
Debt To Equity0.01330.0140.4067
Slightly volatile
Capex Per Share0.06180.12090.1076
Pretty Stable
Revenue Per Share3.523.35032.4698
Slightly volatile
Interest Debt Per Share1.181.15862.2968
Very volatile
Debt To Assets0.00150.00160.0499
Slightly volatile
Enterprise Value Over EBITDA12.5415.9917.1427
Slightly volatile
Short Term Coverage Ratios0.390.415.0983
Slightly volatile
Price Earnings Ratio16.321.728525.1368
Pretty Stable
Price Book Value Ratio2.262.88443.4344
Pretty Stable
Dividend Payout Ratio0.470.50240.3982
Pretty Stable
Price To Operating Cash Flows Ratio8.9415.179518.3224
Pretty Stable
Price To Free Cash Flows Ratio12.1216.158220.7416
Slightly volatile
Pretax Profit Margin0.360.50890.4707
Slightly volatile
Ebt Per Ebit0.540.810.8375
Very volatile
Operating Profit Margin0.740.690.5698
Pretty Stable
Effective Tax Rate0.290.18220.221
Slightly volatile
Company Equity Multiplier9.618.74358.3182
Very volatile
Long Term Debt To Capitalization0.01320.01390.2902
Slightly volatile
Total Debt To Capitalization0.01320.01390.2679
Slightly volatile
Return On Capital Employed0.04150.04370.0329
Slightly volatile
Debt Equity Ratio0.01330.0140.4067
Slightly volatile
Ebit Per Revenue0.740.690.5698
Pretty Stable
Quick Ratio1.351.423.3313
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.892.42992.5508
Pretty Stable
Net Income Per E B T0.590.81780.7794
Pretty Stable
Cash Ratio0.07670.08080.3647
Slightly volatile
Operating Cash Flow Sales Ratio0.360.59580.5069
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.740.93940.8834
Slightly volatile
Cash Flow Coverage Ratios14.2113.52882.4739
Slightly volatile
Price To Book Ratio2.262.88443.4344
Pretty Stable
Fixed Asset Turnover2.013.14952.6798
Slightly volatile
Capital Expenditure Coverage Ratio17.3416.510512.1481
Slightly volatile
Price Cash Flow Ratio8.9415.179518.3224
Pretty Stable
Enterprise Value Multiple12.5415.9917.1427
Slightly volatile
Debt Ratio0.00150.00160.0499
Slightly volatile
Cash Flow To Debt Ratio14.2113.52882.4739
Slightly volatile
Price Sales Ratio5.69.0449.4246
Very volatile
Return On Assets0.01290.01520.0164
Pretty Stable
Asset Turnover0.05350.03650.0447
Slightly volatile
Net Profit Margin0.260.41620.3726
Slightly volatile
Price Fair Value2.262.88443.4344
Pretty Stable
Return On Equity0.150.13270.137
Pretty Stable

First Financial Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap4.5 B4.3 B3.4 B
Slightly volatile
Enterprise ValueB3.8 B3.4 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings26.2467
Cash And Short Term InvestmentsB

First Upcoming Events

18th of April 2024
Upcoming Quarterly Report
View
18th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About First Financial Financial Statements

First Financial investors utilize fundamental indicators, such as revenue or net income, to predict how First Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-13.2 M-13.8 M
Total Revenue634.5 M666.3 M
Sales General And Administrative To Revenue 0.30  0.33 
Capex To Revenue 0.04  0.06 
Revenue Per Share 3.35  3.52 
Ebit Per Revenue 0.69  0.74 

Pair Trading with First Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

  0.94AX Axos FinancialPairCorr
  0.92BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr

Moving against First Stock

  0.45CFG-PE Citizens FinancialPairCorr
  0.42TFC-PO Truist FinancialPairCorr
  0.39TFC-PR Truist FinancialPairCorr
The ability to find closely correlated positions to First Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Financial Bankshares to buy it.
The correlation of First Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Financial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether First Financial Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Financial Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Financial Bankshares Stock:
Check out the analysis of First Financial Correlation against competitors.
To learn how to invest in First Stock, please use our How to Invest in First Financial guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Financial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.115
Dividend Share
0.72
Earnings Share
1.43
Revenue Per Share
3.574
Quarterly Revenue Growth
0.112
The market value of First Financial Bank is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Financial's value that differs from its market value or its book value, called intrinsic value, which is First Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Financial's market value can be influenced by many factors that don't directly affect First Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.