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Jun 30, 2024
First Financial Q2 2024 Earnings Report
Reported earnings for the second quarter of 2024, showing an increase compared to the previous year.
Key Takeaways
First Financial Bankshares reported earnings of $52.49 million for the second quarter of 2024, an increase from $50.87 million for the same quarter a year ago. The results were driven by strong loan growth and net interest margin expansion, leading to increased net interest income.
Earnings increased to $52.49 million for the second quarter of 2024.
Basic and diluted earnings per share were $0.37 for the second quarter of 2024.
Net interest income increased to $103.27 million for the second quarter of 2024.
Net interest margin increased to 3.48 percent for the second quarter of 2024.
Revenue by Segment
Forward Guidance
The outlook is positive for the remainder of the year as the company looks to continue to remix assets as cash flows from maturing securities are invested in loans and execute strategies to grow deposits in our markets.
Positive Outlook
- Continue to remix our assets
- Cash flows from maturing securities are invested in loans
- Execute strategies to grow deposits in our markets
- Strong loan growth
- Net interest margin expansion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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