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Mar 31, 2024
First Financial Q1 2024 Earnings Report
First Financial Bankshares' earnings increased in the first quarter of 2024 compared to the same quarter a year ago.
Key Takeaways
First Financial Bankshares reported earnings of $53.40 million for the first quarter of 2024, compared to $52.57 million for the same quarter a year ago. Net interest income increased by $3.96 million, and trust fees increased by $1.53 million, offsetting an increase in salary and employee benefits expenses of $5.22 million.
Net interest income increased due to organic loan and deposit growth.
Cash flow from maturing bonds was used to fund loan growth and repurchase securities.
The company maintains strong regulatory capital ratios and a diversified deposit base.
Trust fees increased due to the increase in market value of trust assets managed.
First Financial
First Financial
First Financial Revenue by Segment
Revenue by Segment
Trust fees Revenue
CapyFin.comService charges Revenue
CapyFin.comDebit & credit card fees Revenue
CapyFin.comMortgage fees Revenue
CapyFin.com Forward Guidance
The company did not provide forward guidance in the earnings report.