secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL BANKSHARES INC (FFIN)
CIK:        0000036029
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000950170-24-007551
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/0000950170-24-007551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36029/000095017024007551/ffin-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007551

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