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Mar 31, 2023
First Financial Q1 2023 Earnings Report
First Financial Bankshares reported earnings for the first quarter of 2023.
Key Takeaways
First Financial Bankshares reported earnings of $52.57 million for the first quarter of 2023, compared to $55.97 million for the same quarter a year ago. Basic and diluted earnings per share were $0.37 for the first quarter of 2023 compared with $0.39 for the same quarter a year ago.
Earnings for the first quarter of 2023 were $52.57 million compared to $55.97 million for the same quarter a year ago.
Basic and diluted earnings per share were $0.37 for the first quarter of 2023 compared with $0.39 for the same quarter a year ago.
Net interest income for the first quarter of 2023 was $96.29 million compared to $95.44 million for the first quarter of 2022.
Loans totaled $6.58 billion at March 31, 2023, compared with loans of $5.57 billion at March 31, 2022.
First Financial
First Financial
First Financial Revenue by Segment
Revenue by Segment
Trust fees Revenue
CapyFin.comService charges Revenue
CapyFin.comOther noninterest inc. Revenue
CapyFin.com Forward Guidance
The company is focused on loan and deposit pricing that aligns with the competitive environment and continues to have opportunities to reinvest bond cash flows into higher yielding loan portfolio.
Positive Outlook
- Strong organic loan growth
- Small contraction in deposits during the quarter
- Focus on loan and deposit pricing aligned with the competitive environment
- Opportunities to reinvest bond cash flows into higher yielding loan portfolio
- Strong regulatory capital ratios
Challenges Ahead
- Increase in funding costs
- Decrease in debit card fees
- Decrease in mortgage revenues
- Increase in FDIC assessment fees
- Changes in Other Comprehensive Income due to interest rate changes