ABILENE, Texas, Oct. 15, 2026 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings of $74.31 million for the third quarter of 2026 compared to earnings of $52.27 million for the same quarter a year ago and $71.89 million for the quarter ended June 30, 2026. Diluted earnings per share were $0.52 for the third quarter of 2026 compared with $0.36 for the third quarter of 2025 and $0.50 for the linked quarter.
"We are pleased to report another record quarter of net income, largely driven by continued expansion of our net interest margin," said David Bailey, President and CEO. "As we enter the final quarter of the year, we remain focused on disciplined balance sheet growth and prudent risk management. We are also excited to open our new Bee Cave location later this month, establishing our first full-service branch in the Austin market and an important step in our continued expansion across Texas. We appreciate our dedicated team of First Financial bankers whose commitment to our customers and shareholders drives our success every day."
Net interest income for the third quarter of 2026 was $138.51 million compared to $127.00 million for the third quarter of 2025 and $136.91 million for the linked quarter. The net interest margin, on a tax-equivalent basis, was 3.91 percent for the third quarter of 2026 compared to 3.80 percent for the third quarter of 2025 and 3.90 percent for the linked quarter. Average interest-earning assets were $14.43 billion for the third quarter of 2026 compared to $13.60 billion for the same quarter a year ago and $14.46 billion for the linked quarter.
The Company recorded a provision for credit losses of $2.03 million for the third quarter of 2026 compared to a provision for credit losses of $24.44 million for the third quarter of 2025 and $4.18 million for the linked quarter. The third quarter of 2025 provision was driven by a large loan charged off due to borrower fraud. At September 30, 2026, the allowance for credit losses totaled $113.89 million, or 1.33 percent of loans held-for-investment ("loans" hereafter), compared to $105.96 million, or 1.29 percent of loans, at September 30, 2025, and $112.43 million, or 1.35 percent of loans, at June 30, 2026. Additionally, the reserve for unfunded commitments totaled $5.85 million at September 30, 2026 compared to $8.84 million at September 30, 2025 and $6.21 million at June 30, 2026.
For the third quarter of 2026, the Company recorded net charge offs of $935 thousand compared to net charge-offs of $22.34 million for the third quarter of 2025 and net recoveries of $600 thousand for the linked quarter. Nonperforming assets as a percentage of loans and foreclosed assets totaled 0.71 percent at September 30, 2026, compared to 0.71 percent at September 30, 2025 and 0.80 percent at June 30, 2026. Classified loans totaled $294.49 million at September 30, 2026, compared to $252.96 million at September 30, 2025 and $283.10 million at June 30, 2026.
Noninterest income for the third quarter of 2026 was $35.64 million compared to $34.26 million for the third quarter of 2025 and $35.84 million for the linked quarter.
- Wealth Management fee income increased to $14.49 million for the third quarter of 2026 compared to $12.95 million for the third quarter of 2025 and $13.96 million for the linked quarter. Increases are related to new account growth and increased mineral fee income due to oil and gas prices. The market value of assets under management totaled $12.35 billion at September 30, 2026, compared to $12.05 billion at September 30, 2025 and $12.23 billion at June 30, 2026.
- Service charges on deposits increased to $6.69 million for the third quarter of 2026 compared with $6.45 million for the third quarter of 2025 and $6.26 million for the linked quarter. Changes are primarily due to increases in net new accounts.
- Mortgage income decreased to $4.18 million for the third quarter of 2026 compared to $4.38 million for the third quarter of 2025 and $4.68 million for the linked quarter. Mortgage volume and margins were impacted by the spike in long term rates during the third quarter of 2026.
Noninterest expense for the third quarter of 2026 totaled $81.05 million compared to $73.67 million for the third quarter of 2025 and $81.11 million for the linked quarter.
- Salary, commissions, and employee benefit costs (excluding the supplemental executive retirement plan "SERP" market adjustment) were $47.79 million for the third quarter of 2026, compared to $42.32 million in the third quarter of 2025 and $48.26 million for the linked quarter. The increase over the same period in 2025 is primarily due to annual merit-based and market-driven pay increases that were effective March 1st in the current year.
- Noninterest expenses, excluding all salary-related costs, increased $2.18 million for the third quarter of 2026 compared to the same period in 2025 and $1.80 million compared to the linked quarter. Increases from the prior year are due to increases in legal and professional fees, software amortization and expense and advertising and public relations costs offset by decreases in operational and other losses and debit card expenses. Increases from the linked quarter are due to increased operational and other losses and legal and professional fees.
The Company's efficiency ratio was 45.59 percent for the third quarter of 2026 compared to 44.74 percent for the third quarter of 2025 and 45.94 percent for the linked quarter.
As of September 30, 2026, consolidated total assets were $15.16 billion compared to $14.84 billion at September 30, 2025 and $15.31 billion at June 30, 2026. Loans totaled $8.54 billion at September 30, 2026, compared with loans of $8.24 billion at September 30, 2025 and $8.35 billion at June 30, 2026. During the third quarter of 2026, loans grew $191.86 million, or 9.12 percent annualized, when compared to June 30, 2026 balances. Loans have grown $380.51 million, or 6.24 percent annualized, year-to-date. Deposits and repurchase agreements totaled $13.19 billion at September 30, 2026, compared to $12.90 billion at September 30, 2025 and $13.17 billion at June 30, 2026. During the third quarter of 2026, noninterest-bearing deposits grew $67.07 million, or 7.65 percent annualized, when compared to June 30, 2026 balances. Noninterest-bearing deposits have grown $144.77 million, or 5.69 percent annualized, year-to-date.
Shareholders' equity was $1.83 billion as of September 30, 2026, compared to $1.83 billion and $2.00 billion at September 30, 2025 and June 30, 2026, respectively. Shareholders' equity was down compared to the linked quarter primarily due to the increase in the unrealized loss on the securities portfolio of $209.89 million, net of tax. The unrealized loss on the securities portfolio, net of applicable tax, totaled $489.55 million at September 30, 2026, compared to unrealized losses of $308.58 million at September 30, 2025 and $279.67 million at June 30, 2026, due to changes in long term market interest rates during the respective periods.
About First Financial Bankshares, Inc.
Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 81 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Austin/Bee Cave, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The Nasdaq Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://www.ffin.com.
Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast," "project," and "goal." Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents and Filings" on the Company's Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.
FIRST FINANCIAL BANKSHARES, INC.
CONSOLIDATED FINANCIAL SUMMARY (UNAUDITED)
(In thousands, except share and per share data)
As of
2026 2025
ASSETS Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Cash and due from banks $
178,819 $
284,759 $
264,850 $
249,466 $
237,466
Interest-bearing demand deposits in banks 292,778 286,973 458,203 826,947 401,580
Federal funds sold 2,875 8,650 14,075 1,575 11,750
Investment securities 5,388,083 5,675,957 5,668,792 5,514,113 5,260,813
Loans, held-for-investment 8,538,788 8,346,931 8,285,120 8,158,276 8,243,625
Allowance for credit losses (113,892) (112,433) (107,918) (105,536) (105,958)
Net loans, held-for-investment 8,424,896 8,234,498 8,177,202 8,052,740 8,137,667
Loans, held-for-sale 25,521 23,616 22,984 29,992 26,015
Premises and equipment, net 158,822 155,560 150,989 149,985 149,651
Goodwill 313,481 313,481 313,481 313,481 313,481
Other intangible assets 43 86 128 171 257
Other assets 377,549 322,857 316,941 308,006 302,848
Total assets $
15,162,867 $
15,306,437 $
15,387,645 $
15,446,476 $
14,841,528
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits $
3,545,829 $
3,478,755 $
3,385,878 $
3,401,057 $
3,446,262
Interest-bearing deposits 9,602,314 9,641,228 9,859,359 9,944,472 9,399,986
Total deposits 13,148,143 13,119,983 13,245,237 13,345,529 12,846,248
Repurchase agreements 43,088 53,656 67,946 62,956 50,646
Borrowings 21,854 21,829 22,306 21,680 21,956
Other liabilities 117,222 114,082 108,305 98,994 92,410
Shareholders' equity 1,832,560 1,996,887 1,943,851 1,917,317 1,830,268
Total liabilities and shareholders' equity $
15,162,867 $
15,306,437 $
15,387,645 $
15,446,476 $
14,841,528
Quarter Ended
2026 2025
INCOME STATEMENTS Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Interest income $
189,045 $
185,960 $
182,945 $
182,869 $
179,692
Interest expense 50,538 49,046 48,154 51,501 52,691
Net interest income 138,507 136,914 134,791 131,368 127,001
Provision for credit losses 2,034 4,183 2,291 (2,486) 24,435
Net interest income after provision for credit losses 136,473 132,731 132,500 133,854 102,566
Noninterest income 35,635 35,844 32,096 33,349 34,264
Noninterest expense 81,052 81,106 76,768 77,650 73,666
Net income before income taxes 91,056 87,469 87,828 89,553 63,164
Income tax expense 16,748 15,575 16,285 16,239 10,897
Net income $
74,308 $
71,894 $
71,543 $
73,314 $
52,267
PER COMMON SHARE DATA
Net income - basic $
0.52 $
0.50 $
0.50 $
0.51 $
0.37
Net income - diluted 0.52 0.50 0.50 0.51 0.36
Cash dividends declared 0.22 0.22 0.19 0.19 0.19
Book value 12.78 13.93 13.57 13.39 12.78
Tangible book value 10.59 11.75 11.38 11.20 10.59
Market value 31.74 34.60 29.45 29.87 33.65
Shares outstanding - end of period 143,397,258 143,319,824 143,279,030 143,213,102 143,188,051
Average outstanding shares - basic 143,336,014 143,280,452 143,210,755 143,180,215 143,105,224
Average outstanding shares - diluted 143,726,667 143,698,421 143,608,079 143,542,801 143,474,169
PERFORMANCE RATIOS
Return on average assets 1.93 1.89 1.89 1.94 1.44
% % % % %
Return on average equity 15.02 14.70 14.83 15.62 11.85
Return on average tangible equity 17.87 17.49 17.66 18.78 14.44
Net interest margin (tax equivalent) 3.91 3.90 3.86 3.81 3.80
Efficiency ratio 45.59 45.94 44.98 46.10 44.74
Nine Months Ended
Sept. 30,
INCOME STATEMENTS 2026 2025
Interest income $
557,950 $
519,612
Interest expense 147,738 150,092
Net interest income 410,212 369,520
Provision for credit losses 8,508 31,095
Net interest income after provisions for credit losses 401,704 338,425
Noninterest income 103,575 97,366
Noninterest expense 238,926 215,736
Net income before income taxes 266,353 220,055
Income tax expense 48,608 39,785
Net income $
217,745 $
180,270
PER COMMON SHARE DATA
Net income - basic $
1.52 $
1.26
Net income - diluted 1.51 1.26
Cash dividends declared 0.63 0.56
Book value 12.78 12.78
Tangible book value 10.59 10.59
Market value $
31.74 $
33.65
Shares outstanding - end of period 143,397,258 143,188,051
Average outstanding shares - basic 143,276,199 143,026,664
Average outstanding shares - diluted 143,741,994 143,422,534
PERFORMANCE RATIOS
Return on average assets 1.90 1.70
% %
Return on average equity 14.85 14.22
Return on average tangible equity 17.68 17.46
Net interest margin (tax equivalent) 3.89 3.79
Efficiency ratio 45.51 45.33
FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
Quarter Ended
2026 2025
ALLOWANCE FOR LOAN LOSSES Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Balance at beginning of period $
112,433 $
107,918 $
105,536 $
105,958 $
102,792
Loans charged-off (1,740) (961) (1,174) (3,387) (22,612)
Loan recoveries 805 1,561 818 2,996 272
Net recoveries (charge-offs) (935) 600 (356) (391) (22,340)
Provision for loan losses 2,394 3,915 2,738 (31) 25,506
Balance at end of period $
113,892 $
112,433 $
107,918 $
105,536 $
105,958
ALLOWANCE FOR UNFUNDED COMMITMENTS
Balance at beginning of period $
6,208 $
5,940 $
6,387 $
8,842 $
9,914
Provision for unfunded commitments (360) 268 (447) (2,455) (1,072)
Balance at end of period $
5,848 $
6,208 $
5,940 $
6,387 $
8,842
Allowance for loan losses /
period-end loans held-for-investment 1.33 1.35 % % 1.30 1.29 1.29
% % % %
Allowance for loan losses /
nonperforming loans 199.19 174.94 206.16 188.41 187.39
Net charge-offs (recoveries) / average total loans
(annualized) 0.04 (0.03) 0.02 0.02 1.07
Quarter Ended
2026 2025
COMPOSITION OF LOANS HELD-FOR-INVESTMENT Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Commercial:
C&I $
1,164,597 $
1,087,656 $
1,149,931 $
1,116,461 $
1,174,770
Municipal 444,341 419,070 384,473 342,501 347,559
Total Commercial 1,608,938 1,506,726 1,534,404 1,458,962 1,522,329
Agricultural 79,796 81,786 77,583 95,776 88,820
Real Estate:
Construction & Development 1,089,540 1,191,082 1,169,037 1,157,865 1,214,649
Farm 349,484 344,483 329,151 327,625 322,710
Non-Owner Occupied CRE 919,847 831,929 825,771 832,816 802,675
Owner Occupied CRE 1,161,530 1,144,093 1,132,114 1,120,608 1,119,425
Residential 2,358,106 2,322,000 2,322,097 2,285,830 2,308,708
Total Real Estate 5,878,507 5,833,587 5,778,170 5,724,744 5,768,167
Consumer:
Auto 817,771 776,433 751,283 732,351 718,501
Non-Auto 153,776 148,399 143,680 146,443 145,808
Total Consumer 971,547 924,832 894,963 878,794 864,309
Total loans held-for-investment $
8,538,788 $
8,346,931 $
8,285,120 $
8,158,276 $
8,243,625
SUMMARY OF LOAN CLASSIFICATION
Special Mention $
65,080 $
48,486 $
66,864 $
66,058 $
76,647
Substandard 229,405 234,618 222,895 189,548 176,311
Total classified loans $
294,485 $
283,104 $
289,759 $
255,606 $
252,958
NONPERFORMING ASSETS
Nonaccrual loans $
57,158 $
63,310 $
52,129 $
55,121 $
56,394
Accruing loans 90 days past due 19 958 218 892 151
Total nonperforming loans 57,177 64,268 52,347 56,013 56,545
Foreclosed assets 3,277 2,770 1,962 479 1,997
Total nonperforming assets $
60,454 $
67,038 $
54,309 $
56,492 $
58,542
As a % of loans held-for-investment and foreclosed assets 0.71 0.80 0.66 0.69 0.71
% % % % %
As a % of end of period total assets 0.40 0.44 0.35 0.37 0.39
Quarter Ended
2026 2025
CAPITAL RATIOS Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Common equity Tier 1 capital ratio 20.45 20.40 20.23 19.99 19.10
% % % % %
Tier 1 capital ratio 20.45 20.40 20.23 19.99 19.10
Total capital ratio 21.66 21.62 21.42 21.17 20.29
Tier 1 leverage ratio 13.12 12.88 12.58 12.55 12.34
Tangible common equity ratio 10.23 11.23 10.81 10.60 10.44
Equity/Assets ratio 12.09 13.05 12.63 12.41 12.33
Quarter Ended
2026 2025
NONINTEREST INCOME Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Wealth Management fees $
14,492 $
13,960 $
13,363 $
13,512 $
12,950
Service charges on deposits 6,693 6,263 6,077 6,140 6,447
Debit card fees 5,953 5,584 5,245 5,791 5,333
Credit card fees 721 734 651 678 699
Gain on sale and fees on mortgage loans 4,175 4,679 4,277 4,216 4,375
Net gain (loss) on sale of securities (9)
Net gain (loss) on sale of foreclosed assets (2) (19) (56) (12) (122)
Net gain (loss) on sale of assets (1) (374)
SERP Market Adjustment 16 1,397 (287) (36) 286
Other noninterest income 3,597 3,620 2,826 3,060 4,296
Total noninterest income $
35,635 $
35,844 $
32,096 $
33,349 $
34,264
NONINTEREST EXPENSE
Salaries, commissions and employee benefits, excluding SERP and Profit Sharing $
44,876 $
44,819 $
43,246 $
42,445 $
40,395
SERP Market Adjustment 16 1,397 (287) (36) 286
Profit sharing expense 2,917 3,444 3,023 4,819 1,924
Net occupancy expense 3,837 3,728 3,630 3,458 3,545
Equipment expense 2,306 2,169 2,158 2,128 2,395
FDIC insurance premiums 1,709 1,767 1,560 1,695 1,635
Debit card expense 3,029 3,043 3,108 3,265 3,512
Legal, tax and professional fees 4,527 4,159 3,834 3,079 3,332
Audit fees 406 441 455 531 536
Printing, stationery and supplies 490 292 623 528 456
Amortization of intangible assets 42 43 43 86 86
Advertising, meals and public relations 2,050 1,849 1,701 1,923 1,714
Operational and other losses 1,333 801 1,000 1,583 1,957
Software amortization and expense 5,067 5,053 4,594 4,456 4,280
Other noninterest expense 8,447 8,101 8,080 7,690 7,613
Total noninterest expense $
81,052 $
81,106 $
76,768 $
77,650 $
73,666
TAX EQUIVALENT YIELD ADJUSTMENT $
3,625 $
3,799 $
3,791 $
3,709 $
3,406
Nine Months Ended
Sept. 30,
NONINTEREST INCOME 2026 2025
Wealth Management fees $
41,815 $
38,349
Service charges on deposits 19,033 18,749
Debit card fees 16,782 15,519
Credit card fees 2,106 1,983
Gain on sale and fees on mortgage loans 13,131 11,333
Net gain (loss) on sale of securities (9)
Net gain (loss) on sale of foreclosed assets (77) 43
Net gain (loss) on sale of assets (375) 6
SERP Market Adjustment 1,126 497
Other noninterest income 10,043 10,887
Total noninterest income $
103,575 $
97,366
NONINTEREST EXPENSE
Salaries, commissions and employee benefits, excluding SERP and Profit Sharing $
132,941 $
119,175
SERP Market Adjustment 1,126 497
Profit sharing expense 9,384 7,650
Net occupancy expense 11,195 10,865
Equipment expense 6,633 7,194
FDIC insurance premiums 5,036 4,795
Debit card expense 9,180 10,193
Legal, tax and professional fees 12,520 9,541
Audit fees 1,302 1,450
Printing, stationery and supplies 1,405 1,411
Amortization of intangible assets 128 266
Advertising, meals and public relations 5,600 5,047
Operational and other losses 3,134 3,217
Software amortization and expense 14,714 12,032
Other noninterest expense 24,628 22,403
Total noninterest expense $
238,926 $
215,736
TAX EQUIVALENT YIELD ADJUSTMENT $
11,215 $
9,032
FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)
Three Months Ended Three Months Ended
Sept. 30, 2026
June 30, 2026
Average Tax Yield / Average Tax
Equivalent Equivalent Yield /
Balance Interest Rate Balance Interest Rate
Interest-earning assets:
Federal funds sold $
6,005 $
60 3.96 $
4,642 $
43 3.72
% %
Interest-bearing demand deposits in nonaffiliated banks 282,340 2,775 3.90 333,359 3,074 3.70
Taxable securities 4,104,496 35,024 3.41 4,091,117 33,666 3.29
Tax-exempt securities 1,568,453 12,950 3.30 1,709,709 14,134 3.31
Loans 8,468,672 141,862 6.65 8,317,815 138,841 6.70
Total interest-earning assets 14,429,966 $
192,671 5.30 14,456,642 $
189,758 5.26
% %
Noninterest-earning assets 871,586 833,268
Total assets $
15,301,552 $
15,289,910
Interest-bearing liabilities:
Deposits $
9,630,365 $
50,252 2.07 $
9,676,860 $
48,697 2.02
% %
Repurchase Agreements 57,939 206 1.41 60,403 223 1.48
Borrowings 22,686 81 1.42 28,459 125 1.76
Total interest-bearing liabilities 9,710,990 $
50,539 2.06 9,765,722 $
49,045 2.01
% %
Noninterest-bearing deposits 3,508,797 3,445,033
Other noninterest-bearing liabilities 118,844 116,944
Shareholders' equity 1,962,921 1,962,211
Total liabilities and shareholders' equity $
15,301,552 $
15,289,910
Net interest income and margin (tax equivalent) $
142,132 3.91 $
140,713 3.90
% %
Three Months Ended Three Months Ended
Mar. 31, 2026
Dec. 31, 2025
Average Tax Yield / Average Tax
Equivalent Equivalent Yield /
Balance Interest Rate Balance Interest Rate
Interest-earning assets:
Federal funds sold $
4,565 $
40 3.55 $
6,565 $
62 3.75
% %
Interest-bearing demand deposits in nonaffiliated banks 461,579 4,209 3.70 434,445 4,284 3.91
Taxable securities 4,076,690 32,283 3.17 3,683,108 29,231 3.17
Tax-exempt securities 1,726,765 14,184 3.29 1,712,261 14,144 3.30
Loans 8,273,995 136,020 6.67 8,241,265 138,857 6.68
Total interest-earning assets 14,543,594 $
186,736 5.21 14,077,644 $
186,578 5.26
% %
Noninterest-earning assets 821,635 893,739
Total assets $
15,365,229 $
14,971,383
Interest-bearing liabilities:
Deposits $
9,824,362 $
47,851 1.98 $
9,476,716 $
51,207 2.14
% %
Repurchase Agreements 62,849 229 1.48 56,573 219 1.54
Borrowings 22,155 74 1.35 22,113 75 1.35
Total interest-bearing liabilities 9,909,366 $
48,154 1.97 9,555,402 $
51,501 2.14
% %
Noninterest-bearing deposits 3,401,092 3,454,171
Other noninterest-bearing liabilities 97,986 99,623
Shareholders' equity 1,956,785 1,862,187
Total liabilities and shareholders' equity $
15,365,229 $
14,971,383
Net interest income and margin (tax equivalent) $
138,582 3.86 $
135,077 3.81
% %
Three Months Ended
Sept. 30, 2025
Average Tax
Equivalent Yield /
Balance Interest Rate
Interest-earning assets:
Federal funds sold $
10,711 $
130 4.82
%
Interest-bearing demand deposits in nonaffiliated banks 216,739 2,387 4.37
Taxable securities 3,560,347 26,539 2.98
Tax-exempt securities 1,564,767 12,906 3.30
Loans 8,249,113 141,136 6.79
Total interest-earning assets 13,601,677 $
183,098 5.34
%
Noninterest-earning assets 826,660
Total assets $
14,428,337
Interest-bearing liabilities:
Deposits $
9,051,463 $
52,010 2.28
%
Repurchase Agreements 50,051 210 1.66
Borrowings 56,198 471 3.33
Total interest-bearing liabilities 9,157,712 $
52,691 2.28
%
Noninterest-bearing deposits 3,419,378
Other noninterest-bearing liabilities 101,268
Shareholders' equity 1,749,979
Total liabilities and shareholders' equity $
14,428,337
Net interest income and margin (tax equivalent) $
130,407 3.80
%
Nine Months Ended
Nine Months Ended
Sept. 30, 2026
Sept. 30, 2025
Average Tax Yield / Average Tax
Equivalent Equivalent Yield /
Balance Interest Rate Balance Interest Rate
Interest-earning assets:
Federal funds sold $
5,076 $
143 3.77 $
9,240 $
334 4.83
% %
Interest-bearing deposits in nonaffiliated banks 358,436 10,058 3.75 293,984 9,752 4.44
Taxable securities 4,090,870 100,973 3.29 3,512,304 76,816 2.92
Tax exempt securities 1,667,729 41,268 3.30 1,469,158 33,629 3.05
Loans 8,354,207 416,723 6.67 8,083,638 408,113 6.75
Total interest-earning assets 14,476,318 $
569,165 5.26 13,368,324 $
528,644 5.29
% %
Noninterest-earning assets 842,359 826,449
Total assets $
15,318,677 $
14,194,773
Interest-bearing liabilities:
Deposits $
9,709,818 $
146,800 2.02 $
8,953,017 $
148,291 2.21
% %
Repurchase Agreements 60,379 658 1.46 52,801 641 1.62
Borrowings 24,436 280 1.53 52,380 1,160 2.96
Total interest-bearing liabilities 9,794,633 $
147,738 2.02 9,058,198 $
150,092 2.22
% %
Noninterest-bearing deposits 3,452,035 3,356,999
Other noninterest-bearing liabilities 111,334 85,148
Shareholders' equity 1,960,675 1,694,428
Total liabilities and shareholders' equity $
15,318,677 $
14,194,773
Net interest income and margin (tax equivalent) $
421,427 3.89 $
378,552 3.79
% %
View original content:https://www.prnewswire.com/news-releases/first-financial-bankshares-announces-third-quarter-2026-earnings-302910462.html
SOURCE First Financial Bankshares, Inc.
Michelle S. Hickox, EVP & Chief Financial Officer 325.627.7155