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Dec 31, 2024
First Financial Q4 2024 Earnings Report
Reported earnings with strong growth in earnings, loans and deposits.
Key Takeaways
First Financial Bankshares reported a strong fourth quarter in 2024 with earnings of $62.32 million, up from $45.98 million in the same quarter last year. Diluted earnings per share were $0.43, compared to $0.32 in Q4 2023. The company saw growth in net interest income and noninterest income, while managing noninterest expenses.
Net income for Q4 2024 was $62.32 million, an increase from $45.98 million in Q4 2023.
Diluted earnings per share for Q4 2024 were $0.43, up from $0.32 in Q4 2023.
Net interest income for Q4 2024 was $116.12 million, compared to $97.51 million in Q4 2023.
Total assets reached $13.98 billion as of December 31, 2024, compared to $13.11 billion at the end of 2023.
Revenue by Segment
Forward Guidance
The company will maintain focus on sustaining momentum, adhering to sound banking practices, and managing the impact of interest rates, regulations, and the economy.
Positive Outlook
- Focus on maintaining momentum gained in 2024.
- Commitment to sound fundamental banking practices.
- Active management of interest rate impacts.
- Proactive approach to regulatory changes.
- Strategic navigation of the economic environment.
Challenges Ahead
- Potential impact of current interest rate environment.
- Challenges posed by regulatory landscape.
- Uncertainty in the economic environment.
- Possible fluctuations in consumer spending.
- Competition from other financial institutions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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