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Mar 31, 2020
First Financial Q1 2020 Earnings Report
First Financial Bankshares' earnings decreased compared to the same quarter last year.
Key Takeaways
First Financial Bankshares reported earnings of $37.23 million for the first quarter of 2020, a decrease from $38.25 million in the same quarter last year. The results include the acquisition of TB&T Bancshares, Inc. Net interest income increased by 16.38 percent, while the provision for loan losses significantly increased due to economic uncertainty.
Earnings for the first quarter of 2020 were $37.23 million, down from $38.25 million in the same quarter last year.
Basic earnings per share were $0.26, compared to $0.28 in the same quarter last year.
Net interest income rose by 16.38 percent to $80.90 million, driven by an increase in average interest earning assets.
Provision for loan losses increased to $9.85 million, reflecting growth in the loan portfolio and economic uncertainty.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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