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Sep 30
First Financial Q3 2025 Earnings Report
First Financial Bankshares, Inc. reported earnings for the third quarter of 2025, impacted by a significant credit loss due to fraudulent activity.
Key Takeaways
First Financial Bankshares, Inc. reported a net income of $52.27 million for the third quarter of 2025, a decrease from $55.31 million in the same quarter last year. Diluted EPS was $0.36, down from $0.39 year-over-year. The quarter was significantly impacted by a $21.55 million credit loss from fraudulent activity, though core earnings trends remained positive.
Net income for Q3 2025 was $52.27 million, down from $55.31 million in Q3 2024.
Diluted earnings per share decreased to $0.36 in Q3 2025 from $0.39 in Q3 2024.
The quarter was negatively impacted by a $21.55 million credit loss due to fraudulent activity, which the company believes to be an isolated incident.
Net interest income increased to $127.00 million in Q3 2025 from $107.11 million in Q3 2024, and the efficiency ratio improved to 44.74% from 46.45%.
First Financial
First Financial
First Financial Revenue by Segment
Revenue by Segment
Trust Fees Revenue
CapyFin.comService Charges on Deposits Revenue
CapyFin.comDebit Card Fees Revenue
CapyFin.comCredit Card Fees Revenue
CapyFin.comGain on Sale and Fees on Mortgage Loans Revenue
CapyFin.comNet Gain (Loss) on Sale of Foreclosed Assets Revenue
CapyFin.comLoan Recoveries Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
First Financial Bankshares, Inc. is optimistic about the final quarter of the year, focusing on liquidating collateral from the fraudulent loan and pursuing continued growth and profitability.
Positive Outlook
- Core earnings trends remain positive, with year-to-date earnings growth of nearly 12 percent compared to 2024.
- The company is focused on liquidating the collateral of the fraudulent loan.
- Commitment to continued growth and profitability.
- Emphasis on prioritizing customers, shareholders, and employees.
- The company believes the significant credit loss was an isolated incident.
Challenges Ahead
- The amount and timing of any potential recovery from the fraudulent loan cannot currently be determined.
- Exposure to competition from other financial institutions and financial holding companies.
- Vulnerability to changes in trade, monetary, and fiscal policies and laws, including Federal Reserve Board interest rate policies.
- Economic impact of oil and gas prices could affect performance.
- Fluctuations in the value of collateral and loan reserves pose risks.