First Financial Q1 2022 Earnings Report
Key Takeaways
First Financial Bankshares reported earnings of $55.97 million for the first quarter of 2022, a slight decrease compared to $56.92 million in the same quarter last year. The results were impacted by an increase in the provision for credit losses, a decrease in PPP loan origination fees, and a decline in mortgage revenues, offset by an increase in net interest income.
Earnings for the first quarter of 2022 were $55.97 million, compared to $56.92 million for the same quarter a year ago.
Basic and diluted earnings per share were $0.39 for the first quarter of 2022, compared with $0.40 for the same quarter a year ago.
Overall loan growth, excluding PPP and held-for-sale loans, was $214.25 million, or 16.07 percent annualized.
Deposit growth was $433.34 million, or 16.63 percent annualized.
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Forward Guidance
The company did not provide forward guidance in the earnings report.