First Financial Q1 2021 Earnings Report
Key Takeaways
First Financial Bankshares reported a strong first quarter in 2021 with earnings of $56.92 million, a 52.87 percent increase compared to the same quarter last year. Diluted earnings per share were $0.40, up from $0.26 in the prior year. The company experienced organic asset growth of $1.20 billion, driven by loan and deposit growth, while maintaining overall asset quality.
Earnings increased by 52.87% compared to the same quarter last year, reaching $56.92 million.
Diluted earnings per share rose to $0.40, compared to $0.26 in the same quarter last year.
Organic asset growth of $1.20 billion was achieved through loan and deposit growth.
Net interest income increased to $88.82 million, up from $80.90 million in the first quarter of 2020.
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Forward Guidance
No specific forward guidance provided in this earnings report.