First Financial Q4 2020 Earnings Report
Key Takeaways
First Financial Bankshares, Inc. reported a strong fourth quarter in 2020, with earnings of $58.48 million, or $0.41 per diluted share, a significant increase from $41.39 million, or $0.30 per diluted share, in the fourth quarter of 2019. Net interest income increased to $90.54 million, and noninterest income rose to $35.71 million. The company's performance was positively impacted by organic asset growth and the acquisition of The Bank & Trust of Bryan/College Station.
Q4 2020 earnings increased by 41.28% compared to Q4 2019.
Net interest income for Q4 2020 increased by $15.22 million year-over-year.
Noninterest income rose to $35.71 million, driven by trust fees, mortgage income, and ATM/credit card fees.
The company had organic asset growth of $1.9 billion, excluding the $775 million acquisition.