Jun 30, 2021

First Financial Q2 2021 Earnings Report

First Financial Bankshares reported strong operating results and capitalized on the economic recovery in Texas.

Key Takeaways

First Financial Bankshares, Inc. reported earnings for the second quarter of 2021 of $56.38 million, compared to $53.47 million for the same quarter a year ago. Basic earnings per share were $0.40, and diluted earnings per share were $0.39 for the second quarter of 2021.

Net organic loan growth, excluding PPP loans, was $193.46 million for the quarter.

Customer deposits have grown $1.11 billion year-to-date.

Net interest income for the second quarter of 2021 was $90.95 million compared to $89.24 million for the second quarter of 2020.

Average-earning assets increased to $11.30 billion for the second quarter of 2021 compared to $9.80 billion a year ago.

Total Revenue
$126M
Previous year: $126M
-0.4%
EPS
$0.39
Previous year: $0.38
+2.6%
Net Interest Margin
3.36%
Previous year: 3.78%
-11.1%
Efficiency Ratio
45.94%
Previous year: 41.32%
+11.2%
Cash and Equivalents
$845M
Previous year: $188M
+348.4%
Total Assets
$12.3B
Previous year: $10.3B
+19.2%

First Financial

First Financial

First Financial Revenue by Segment

Forward Guidance

The company will continue to build relationships, serve our communities across Texas, and remain focused on growth over the last half of 2021.