{"id":838898,"date":"2025-04-17T16:22:15","date_gmt":"2025-04-17T20:22:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-first-quarter-2025-earnings\/"},"modified":"2025-04-17T16:22:15","modified_gmt":"2025-04-17T20:22:15","slug":"first-financial-bankshares-announces-first-quarter-2025-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-first-quarter-2025-earnings\/","title":{"rendered":"FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2025 EARNINGS"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n ABILENE, Texas<\/span>
\n <\/span>, April 17, 2025<\/span><\/span> \/PRNewswire\/ — First Financial Bankshares, Inc.<\/u><\/a>\u00a0(the “Company,” “we,” “us” or “our”) (NASDAQ: FFIN) today reported\u00a0earnings for the first quarter of 2025 of $61.35 million<\/span> compared to earnings of $53.40 million<\/span> for the\u00a0same quarter a year ago. Basic and diluted earnings per share were $0.43<\/span> for the quarter ended March 31, 2025<\/span> and $0.37<\/span> for the quarter ended March 31, 2024<\/span>.<\/p>\n

“Our improved results from first quarter 2024 were primarily due to an increase in net interest income related to our balance sheet growth over the previous year. Strong deposit inflows have supported loan growth as well as continued bond investments which has supported margin growth in addition to bolstering our liquidity,” said F. Scott Dueser<\/span>, Chairman and CEO. “While markets have been volatile recently, our Company remains financially strong, sound and secure as reflected in our capital levels, diversified deposit base and access to multiple liquidity sources. I appreciate our team who live our Non-negotiables every day which provides our customers with outstanding service and helped us attain the honor of being the 3rd Best Bank in the Country by Forbes Magazine,” added Mr. Dueser.<\/p>\n

Net interest income for the first quarter of 2025 was $118.79 million<\/span> compared to $116.12 million<\/span> for the fourth quarter of 2024 and $100.24 million<\/span> for the first quarter of 2024. The net interest margin, on a taxable equivalent basis, was 3.74 percent in the first quarter of 2025 compared to 3.67 percent in the fourth quarter of 2024 and 3.34 percent in the first quarter of 2024. Average interest-earning assets were $13.16 billion<\/span> for the first quarter of 2025 compared to $12.37 billion<\/span> for the same quarter a year ago.<\/p>\n

The\u00a0Company recorded\u00a0a provision\u00a0for\u00a0credit\u00a0losses of $3.53 million<\/span> for the first quarter of\u00a02025\u00a0compared\u00a0to a provision for credit losses of $808 thousand<\/span> for the first quarter of 2024. At March 31, 2025<\/span>, the allowance for credit losses totaled $101.08 million<\/span>, or 1.27 percent of loans held-for-investment (“loans” hereafter), compared to $89.56 million<\/span>, or 1.24 percent of loans, at March 31, 2024<\/span>. Additionally, the reserve for unfunded commitments totaled $9.21 million<\/span> at March 31, 2025<\/span> compared to $7.46 million<\/span> at March 31, 2024<\/span>.<\/p>\n

Net charge-offs totaled $236 thousand<\/span> for the first quarter of 2025 compared to net charge-offs of $428<\/span> thousand\u00a0for\u00a0the\u00a0first quarter\u00a0of\u00a02024.\u00a0Nonperforming assets as a percentage of loans and foreclosed assets totaled 0.78 percent at March 31, 2025<\/span>, compared with 0.51 percent at March 31, 2024<\/span>. \u00a0Classified loans totaled $245.61 million<\/span> at March 31, 2025<\/span>, compared to $201.59 million<\/span> at March 31, 2024<\/span>.<\/p>\n

Noninterest income for the first quarter of 2025 was $30.23 million<\/span> compared to $29.38 million<\/span> for the\u00a0first\u00a0quarter of\u00a02024,\u00a0due to the following:<\/p>\n