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First Financial Bankshares, Inc.

FFIN Financial Banks Regional

First Financial Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $833.2 million, up 10.7% from fiscal 2024.

Revenue
+5.01%
EPS
+40.5%
Free cash flow
+10.9%

Quarter to September 2026, against a year earlier

30.72 0.70 −2.23%
Market cap
$4.4B
P/E
15.1×
Fwd P/E
15.0×
Dividend yield
2.67%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.19
Sold, $m 0.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 3 9 — 1 1 1 1 — 3 —
Sell — — — — — — — — 1 — — —
Insider Ownership 3.48%

Capital & Financial Ratios $m

Size
Market Cap 4,400.00
Revenue ttm 877.74
Net income ttm 291.05
Free cash flow ttm 353.17
Net debt Q (474.47)
Valuation
P/E 15.13
Forward P/E 15.00
Price / sales 5.02
Forward P/S Powerpack
Price / FCF 13.19
Price / book 2.40
Financial health
Current ratio Q 0.67
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +5.01% (above 0%: growing)
Operating income growth Q +44.16% (above 0%: growing)
EPS, this year +15.11% (at or above 15%: strong)
EPS, next year A +4.54%
Revenue, next year A −15.36% (below 0%: weak)
EPS, past 5 yrs +4.50%
EPS, next 5 yrs A +8.74%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 0.40%
10-year low 10-year high
P/S against its own 10 years 0.62%
10-year low 10-year high
P/B against its own 10 years 7.63%
10-year low 10-year high

Dividends raised every year since 2017

Yield
2.67%
Annual rate
0.82
Payout ratio
40.4%
Growth, 2017–25
+9.05%/yr
  1. 0.38 ’17
  2. 0.41 ’18 +9
  3. 0.47 ’19 +13
  4. 0.51 ’20 +10
  5. 0.58 ’21 +14
  6. 0.66 ’22 +14
  7. 0.71 ’23 +8
  8. 0.72 ’24 +1
  9. 0.75 ’25 +4
  10. 0.85 ’26e +13
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 537 763 1,078 474
Receivables — — — —
Inventory — — — —
Other — — — —
7,611 8,586 9,161 —
2023 2024 2025 Q'26
Payables 11,138 12,099 13,346 13,148
ST’ Debt — — — —
Other — — — —
11,542 12,296 13,430 —

Compound Annual Growth %

10y 5y 3y
Sales 10.94% 10.57% 13.86%
Cash Flow 10.62% 7.29% (2.62%)
Earnings 9.71% 4.65% 2.65%
Book Value 9.07% 2.70% 14.85%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.52 Actual 0.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.48 0.51 Beat by 0.03
Q1 FY26 0.47 0.50 Beat by 0.03
Q2 FY26 0.50 0.50 Met by 0.00
Q3 FY26 0.52 0.52 Met by 0.00
Q4 FY26 0.53 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.50 0.50 0.52 — —
’25 0.43 0.47 0.36 0.51 1.77
’24 0.37 0.37 0.39 0.43 1.56
’23 0.37 0.36 0.35 0.32 1.39
’22 0.39 0.42 0.41 0.41 1.64
’21 0.40 0.39 0.41 0.39 1.59
’20 0.26 0.38 0.37 0.41 1.42
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 215 222 225 — —
’25 197 206 214 216 833
’24 179 185 192 197 753
’23 150 159 163 164 636
’22 132 139 144 150 565
’21 125 127 135 131 519
’20 117 129 130 128 504
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 102 84 93 — —
’25 77 61 86 75 299
’24 76 69 81 84 310
’23 96 57 73 59 285
’22 87 72 96 70 324
’21 97 52 118 89 355
’20 31 81 22 76 211
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 98 75 93 — —
’25 75 60 84 71 289
’24 72 64 79 80 295
’23 92 55 70 55 271
’22 83 70 91 66 310
’21 94 43 115 84 337
’20 26 80 18 72 196
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 317 337 393 428 504 519 565 636 753 833 878 +11.3% 705 742 785 (2.0%)
Gross margin, % 98.28 97.24 95.19 92.96 97.17 98.83 94.43 77.32 73.15 75.80 77.30 (22.5) pt
EBT 136 147 178 198 242 272 281 243 272 310 356 +9.6%
EBT margin, % 42.82 43.68 45.28 46.31 48.08 52.45 49.75 38.25 36.11 37.16 40.55 (5.7) pt
Net income 105 120 151 165 202 228 234 199 224 254 291 +10.3%
Per share, $
Per share, $ Revenue 2.40 2.55 2.91 3.15 3.55 3.64 3.96 4.46 5.27 5.82 6.12 +10.3%
Earnings 0.80 0.91 1.12 1.22 1.42 1.60 1.64 1.39 1.56 1.77 2.03 +9.3%
Cash flow 1.22 1.44 1.38 1.49 1.48 2.50 2.27 2.00 2.17 2.09 2.46 +6.2%
Capex (0.13) (0.06) (0.12) (0.05) (0.11) (0.13) (0.10) (0.09) (0.10) (0.07) 0.00 (6.1%)
Free cash flow 1.09 1.38 1.25 1.45 1.38 2.37 2.17 1.90 2.06 2.02 2.46 +7.1%
Book value 6.35 6.98 7.79 9.05 11.82 12.36 8.88 10.50 11.25 13.40 12.79 +8.7%
Shares, m 132 132 135 136 142 142 143 143 143 143 143 +0.9%
Valuation, ×
Valuation, × P/E 28.43 24.65 29.21 29.01 25.48 31.78 20.77 21.48 22.96 16.78 15.13 25.1
P/S 9.40 8.80 9.91 11.13 10.19 13.95 8.61 6.75 6.84 5.13 5.02 9.1
P/B 3.56 3.21 3.70 3.88 3.06 4.11 3.84 2.86 3.20 2.23 2.40 3.4
EV/Sales 8.59 7.69 9.28 10.47 8.75 12.93 8.02 5.90 5.82 3.84 — 8.1
EV/FCF 18.94 14.23 21.53 22.85 22.53 19.91 14.62 13.84 14.87 11.05 — 17.4
Cash, $m
Cash, $m Operating cash flow 161 190 186 202 211 355 324 285 310 299 353 +7.2%
Capex (17) (8) (17) (6) (15) (18) (15) (13) (15) (10) (19) (5.2%)
Free cash flow 144 182 170 196 196 337 310 271 295 289 353 +8.1%
Balance, $m
Balance, $m Working capital (2,328) (2,468) (2,475) (2,532) (3,188) (5,346) (4,939) (3,931) (3,710) (4,269) (4,357) +7.0%
Net debt (258) (374) (250) (283) (729) (529) (331) (537) (763) (1,078) (474) +17.2%
Shareholders’ equity 838 923 1,053 1,227 1,678 1,759 1,266 1,499 1,607 1,917 1,833 +9.6%
Returns, %
Returns, % ROA 1.56 1.71 2.01 2.06 2.11 1.90 1.80 1.53 1.65 1.72 1.94 +0.2 pt
ROIC 14.66 16.76 13.86 13.10 15.96 13.81 18.77 15.80 20.15 23.05 16.38 +8.4 pt
ROE 12.75 13.67 15.25 14.45 13.91 13.24 15.50 14.39 14.39 14.39 15.89 +1.6 pt
People
People Employees 1,300 1,300 1,350 1,345 1,500 1,500 1,500 1,500 1,500 1,600 — +2.3%
Revenue/emp, $m 0.24 0.26 0.29 0.32 0.34 0.35 0.38 0.42 0.50 0.52 — +8.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

First Financial Bankshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TFSL TFS Financial Corporation $4.6B 45.8× 46.1× +5.82% (above 0%: growing) +37.50% (above 0%: growing) +16.04% (above 0%: growing) 42.51% 0.00% Compare
FULT Fulton Financial Corporation $4.5B 11.0× 10.7× +7.63% (above 0%: growing) +11.11% (above 0%: growing) +6.85% (above 0%: growing) 70.88% 0.00% Compare
SFBS ServisFirst Bancshares, Inc. $4.5B 13.2× 12.7× +6.42% (above 0%: growing) +33.33% (above 0%: growing) +141.10% (above 0%: growing) 63.94% 0.00% Compare
TCBI Texas Capital Bancshares, Inc. $4.5B 13.1× 13.3× +1.82% (above 0%: growing) +4.07% (above 0%: growing) +28.99% (above 0%: growing) 66.19% 0.00% Compare
UCB United Community Banks, Inc. $4.4B 31.1× 28.2× −74.97% (below 0%: shrinking) n/m +43.32% (above 0%: growing) (12.04%) 0.00% Compare
FFIN First Financial Bankshares, Inc. $4.4B 15.1× 15.0× +5.01% (above 0%: growing) +40.54% (above 0%: growing) +10.90% (above 0%: growing) 77.51% 0.00%
FLG Flagstar Bank, National Association $4.3B 70.7× 91.9× −9.46% (below 0%: shrinking) n/m −42.53% (below 0%: shrinking) 48.98% 0.00% Compare
IBOC International Bancshares Corporation $4.3B 10.1× 10.5× +2.82% (above 0%: growing) +5.75% (above 0%: growing) +9.70% (above 0%: growing) 81.66% 0.00% Compare
CATY Cathay General Bancorp $4.2B 11.8× 11.5× +9.21% (above 0%: growing) +26.55% (above 0%: growing) +272.48% (above 0%: growing) 65.64% 0.00% Compare
Median of peers $4.5B 13.1× 13.0× +4.32% +18.83% +22.52% 64.79% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 6 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.36m 2.63m 85.10
2024 3.55m 4.63m 102.71
2023 1.24m 798.73k 86.32
2022 3.09m 448.23k 98.01
2021 3.44m 5.88m 144.84
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

First Financial Bankshares, Inc. (FFIN) Latest News

16 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

7 Oct

Impact 3 · · Zacks

29 Sep

Impact 3 ·

24 Sep

Impact 4 · · StockStory
Impact 3 · · Simply Wall St.

23 Sep

Impact 3 · · Simply Wall St.

21 Sep

Impact 3 · · Zacks

31 Jul

Impact 3 ·

30 Jul

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16 Jul

Impact 3 ·

26 Jun

Impact 3 ·

28 Apr

Impact 4 · · MarketBeat
Impact 3 · · PR Newswire

25 Apr

Impact 3 · · Simply Wall St.

21 Apr

Impact 3 · · PR Newswire

19 Apr

Impact 3 · · Simply Wall St.

16 Apr

Impact 4 ·
Impact 4 · · PR Newswire

5 Apr

Impact 4 · · Simply Wall St.

27 Feb

Impact 4 ·

11 Feb

Impact 3 · · StockStory

28 Jan

Impact 3 · · PR Newswire

27 Jan

Impact 4 · · Zacks

23 Jan

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Associated Press FinanceSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

22 Jan

Impact 4 · · Associated Press Finance
Impact 3 · · PR Newswire

14 Jan

Impact 3 · · PR NewswireBanking DiveAmerican BankerRetail Banker InternationalRetail Banker International

12 Jan

Impact 4 · · StockStoryStockStoryStockStory

FFIN metrics, ten years each

stockrow.com/FFIN · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com