Sep 30, 2024

First Financial Q3 2024 Earnings Report

Reported earnings with growth in loans, deposits, and net interest income.

Key Takeaways

First Financial Bankshares reported earnings of $55.31 million for the third quarter of 2024, an increase of 11.61% compared to the same quarter last year. The growth was driven by continued growth in loans, deposits and net interest income.

Earnings for the third quarter of 2024 were $55.31 million, compared to $49.56 million for the same quarter a year ago.

Diluted earnings per share were $0.39 for the third quarter of 2024, compared with $0.35 for the third quarter of 2023.

Net interest income for the third quarter of 2024 was $107.11 million, compared to $94.15 million for the third quarter of 2023.

Loans grew $203.46 million during the third quarter of 2024, or 10.76 percent annualized, when compared to June 30, 2024 balances.

Total Revenue
$139M
Previous year: $122M
+14.1%
EPS
$0.39
Previous year: $0.35
+11.4%
Net Interest Margin
3.5%
Previous year: 3.22%
+8.7%
Efficiency Ratio
46.45%
Previous year: 47.62%
-2.5%
Cash and Equivalents
$584M
Previous year: $388M
+50.3%
Free Cash Flow
$78.1M
Total Assets
$13.6B
Previous year: $12.8B
+6.3%

First Financial

First Financial

First Financial Revenue by Segment

Forward Guidance

The Company is encouraged about the remainder of the year and is committed to its continued focus on excellent customer service by building relationships and supporting our communities.