---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-007551"
form_type: "8-K"
ticker: "FFIN"
cik: "0000036029"
company_name: "FIRST FINANCIAL BANKSHARES INC"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:48:49.243983+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FFIN Q4 net income $45.98M, EPS $0.32 (vs $0.41); NIM 3.33% from 3.47%

## Summary
- Net income $45.98M vs $58.67M in Q4 2022; EPS $0.32 vs $0.41, down 22%.
- Net interest income $97.51M vs $104.04M; NIM 3.33% vs 3.47% YoY; no provision for credit losses in Q4.
- Sold $90.72M of low-yield securities, incurring $6.21M loss; redeployed into loans yielding ~8%.
- Loans grew $154.1M in Q4 (8.81% annualized), $706.9M YoY (10.97%); deposits flat at $11.14B.
- Noninterest expense $63.47M vs $57.78M; includes $1.75M FDIC special assessment; FY effic. ratio 47.26%.

## SEC filing metadata
- accession: 0000950170-24-007551
- form_type: 8-K
- ticker: FFIN
- cik: 0000036029
- company_name: FIRST FINANCIAL BANKSHARES INC
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/0000950170-24-007551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/ffin-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-007551
- JSON: https://secwatch.observer/filing/0000950170-24-007551.json
- Plain text: https://secwatch.observer/filing/0000950170-24-007551.txt

## Key facts
- Earnings Releases
  FIRST FINANCIAL BANKSHARES INC reported the fourth quarter of 2023 results: net income $45.98 million, EPS $0.32.
  - Period: the fourth quarter of 2023
  - Net income: $45.98 million
  - EPS: $0.32
  - Result: reported results
  source text: First Financial Bankshares, Inc. (the “Company,” “we,” “us” or “our”) (NASDAQ: FFIN) today reported earnings of $45.98 million for the fourth quarter of 2023 compared to earnings of $58.67 million for the same quarter a year ago. Basic and diluted earnings per share were $0.32 for the fourth quarter of 2023 compared with $0.41 for the same quarter a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/0000950170-24-007551-index.htm
- Earnings Releases
  FIRST FINANCIAL BANKSHARES INC reported the year ended December 31, 2023 results: net income $198.98 million, EPS $1.39.
  - Period: the year ended December 31, 2023
  - Net income: $198.98 million
  - EPS: $1.39
  - Result: reported results
  source text: Net earnings for the year ended December 31, 2023, totaled $198.98 million compared to $234.48 million for the year ended December 31, 2022. Basic and diluted earnings per share were $1.39 for the year ended December 31, 2023, compared with basic and diluted earnings per share of $1.64 for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/0000950170-24-007551-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.