Saturday 17 October 2026 Export FFIN’s income statement to Excel — free account

First Financial Bankshares, Inc.

First Financial Bankshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $833.2 million, up 10.7% from fiscal 2024. In the quarter to June 2026, revenue grew 7.84%, EPS grew 6.38% and free cash flow grew 26.0%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for ten; insiders bought in the last twelve months.

30.47 1.12 −3.55%

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Market cap: $4.5B
P/E: 16.2×
Fwd P/E: 15.9×
Dividend yield: 2.69%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.04

Total sells 0.52

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	3	9	—	1	1	1	1	—	—
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 3.44%

Capital & Financial Ratios $m

Market Cap 4,530.00

Revenue 867.02

Net Income 269.01

Free Cash Flow 327.39

Net Debt (580.38)

Current Ratio 0.67

Debt/Equity 0.00

P/E ratio 16.21

Fwd P/E 15.90

P/S ratio 5.04

P/B ratio 2.19

Past 5Y EPS Growth 4.50%

This Y EPS Growth 15.54%

Next Y EPS Growth 5.56%

Next Y revenue growth (15.37%)

Next 5Y EPS Growth 8.84%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 1.00%

10-year low 10-year high

P/S against its own 10 years 0.29%

10-year low 10-year high

P/B against its own 10 years 1.29%

10-year low 10-year high

Dividends

Payout Ratio 0.44

Annual Dividend Rate 0.82

Annual Dividend Yield 2.69%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.85	0.19 0.22 0.22
2025	0.75	0.18 0.19 0.19 0.19
2024	0.72	0.18 0.18 0.18 0.18
2023	0.71	0.17 0.18 0.18 0.18
2022	0.66	0.15 0.17 0.17 0.17
2021	0.58	0.13 0.15 0.15 0.15
2020	0.51	0.12 0.13 0.13 0.13
2019	0.47	0.11 0.12 0.12 0.12
2018	0.41	0.10 0.11 0.11 0.11
2017	0.38	0.09 0.10 0.10 0.10
2016	0.35	0.08 0.09 0.09 0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	537	763	1,078	580
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	7,611	8,586	9,161	8,838

	2023	2024	2025	Q'26
Payables	11,138	12,099	13,346	13,120
ST’ Debt	—	—	—	—
Other	—	—	—	—
	11,542	12,296	13,430	13,195

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	215	222	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.50	0.50	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.06	18.43	22.03	27.13	20.70	35.17	32.53	22.84	27.06	29.80	Analyst estimates 2026–2028 Powerpack
	High	23.35	24.43	33.42	36.45	36.43	55.00	53.62	38.24	44.66	39.12
People
People	Employees	1,300	1,300	1,350	1,345	1,500	1,500	1,500	1,500	1,500	1,600
	Revenue/emp, $m	0.24	0.26	0.29	0.32	0.34	0.35	0.38	0.42	0.50	0.52
Income, $m
Income, $m	Revenue	317	337	393	428	504	519	565	636	753	833
	Gross margin, %	98.28	97.24	95.19	92.96	97.17	98.83	94.43	77.32	73.15	75.80
	EBT	136	147	178	198	242	272	281	243	272	310
	EBT margin, %	42.82	43.68	45.28	46.31	48.08	52.45	49.75	38.25	36.11	37.16
	Net income	105	120	151	165	202	228	234	199	224	254
	Depreciation	41	43	40	37	55	81	84	65	58	52
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
	Earnings	0.80	0.91	1.12	1.22	1.42	1.60	1.64	1.39	1.56	1.77
	Cash flow	1.22	1.44	1.38	1.49	1.48	2.50	2.27	2.00	2.17	2.09
	Capex	(0.13)	(0.06)	(0.12)	(0.05)	(0.11)	(0.13)	(0.10)	(0.09)	(0.10)	(0.07)
	Free cash flow	1.09	1.38	1.25	1.45	1.38	2.37	2.17	1.90	2.06	2.02
	Book value	6.35	6.98	7.79	9.05	11.82	12.36	8.88	10.50	11.25	13.40
	Shares, m	132	132	135	136	142	142	143	143	143	143
Valuation, ×
Valuation, ×	P/E	28.43	24.65	29.21	29.01	25.47	31.78	20.77	21.48	22.96	16.78
	P/S	9.40	8.80	9.91	11.13	10.19	13.95	8.61	6.75	6.84	5.13
	P/B	3.56	3.21	3.70	3.88	3.06	4.11	3.84	2.86	3.20	2.23
	EV/Sales	8.59	7.69	9.28	10.47	8.75	12.93	8.02	5.90	5.82	3.84
	EV/FCF	18.94	14.23	21.53	22.85	22.53	19.91	14.62	13.84	14.87	11.05
Cash, $m
Cash, $m	Operating cash flow	161	190	186	202	211	355	324	285	310	299
	Capex	(17)	(8)	(17)	(6)	(15)	(18)	(15)	(13)	(15)	(10)
	Free cash flow	144	182	170	196	196	337	310	271	295	289
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)
	Total debt	446	331	469	381	430	671	642	—	—	—
	Net debt	(258)	(374)	(250)	(283)	(729)	(529)	(331)	(537)	(763)	(1,078)
	Shareholders’ equity	838	923	1,053	1,227	1,678	1,759	1,266	1,499	1,607	1,917
Returns, %
Returns, %	ROA	1.56	1.71	2.01	2.06	2.11	1.90	1.80	1.53	1.65	1.72
	ROIC	14.66	16.76	13.86	13.10	15.96	13.81	18.77	15.80	20.15	23.05
	ROE	12.75	13.67	15.25	14.45	13.91	13.24	15.50	14.39	14.39	14.39

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EBC Eastern Bankshares, Inc.	$4.8B	12.1×	11.3×	+26.48% (above 0%: growing)	−4.00% (below 0%: shrinking)	+25.53% (above 0%: growing)	75.96%	0.00%	Compare
GGAL Grupo Financiero Galicia S.A.	$4.8B	18.2×	—	−91.05% (below 0%: shrinking)	−75.31% (below 0%: shrinking)	−347.48% (below 0%: shrinking)	100.00%	0.00%	Compare
FLG Flagstar Bank, National Association	$4.7B	369×	30.5×	−13.77% (below 0%: shrinking)	n/m	−42.53% (below 0%: shrinking)	49.05%	0.00%	Compare
TFSL TFS Financial Corporation	$4.6B	45.4×	49.0×	+5.82% (above 0%: growing)	+37.50% (above 0%: growing)	+16.04% (above 0%: growing)	42.51%	0.00%	Compare
FFIN First Financial Bankshares, Inc.	$4.5B	16.2×	15.9×	+7.84% (above 0%: growing)	+6.38% (above 0%: growing)	+25.95% (above 0%: growing)	77.89%	0.00%
SFBS ServisFirst Bancshares, Inc.	$4.3B	13.4×	12.3×	+6.36% (above 0%: growing)	+40.18% (above 0%: growing)	+141.10% (above 0%: growing)	64.14%	0.00%	Compare
FULT Fulton Financial Corporation	$4.3B	10.7×	11.1×	+7.53% (above 0%: growing)	−1.89% (below 0%: shrinking)	+6.85% (above 0%: growing)	71.64%	0.00%	Compare
IBOC International Bancshares Corporation	$4.2B	10.1×	11.2×	+0.96% (above 0%: growing)	−4.35% (below 0%: shrinking)	−3.33% (below 0%: shrinking)	81.33%	0.00%	Compare
FBP First BanCorp.	$4.2B	11.4×	10.8×	+4.63% (above 0%: growing)	+26.00% (above 0%: growing)	−5.21% (below 0%: shrinking)	81.89%	0.00%	Compare
Median of peers	$4.5B	12.8×	11.3×	+5.23%	−1.89%	+1.76%	73.80%	0.00%

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