First Financial Bankshares Q1 net income $53.4M, EPS $0.37 flat YoY; loan growth 4.5% annualized

FIRST FINANCIAL BANKSHARES INC

2024-Q1 EPS reported $0.37

Net income $53.40M vs $52.57M YoY; diluted EPS $0.37 unchanged.
Net interest income $100.24M (+4.1% YoY); NIM stable at 3.34%.
Loans grew $80.6M (4.51% annualized) to $7.23B; deposits $11.29B.
Provision for credit losses decreased to $808K from $2.78M YoY.
Efficiency ratio worsened to 48.37% from 44.93% YoY on higher salary costs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST FINANCIAL BANKSHARES INC reported first quarter of 2024 results: net income $53.40 million, EPS $0.37.

Period: first quarter of 2024
Net income: $53.40 million
EPS: $0.37
Result: reported results

Exact text from the filing

First Financial Bankshares, Inc. (the “Company,” “we,” “us” or “our”) (NASDAQ: FFIN) today reported earnings for the first quarter of 2024 of $53.40 million compared to earnings of $52.57 million for the same quarter a year ago. Basic and diluted earnings per share were $0.37 for both quarters ended March 31, 2024 and 2023, respectively.

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Source: SEC EDGAR

accession 0000950170-24-045667

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