earnings
confidence high
sentiment neutral
materiality 0.70
First Financial Q2 2024 EPS $0.37 vs $0.36 YoY; net interest margin expands to 3.48%
FIRST FINANCIAL BANKSHARES INC
2024-Q2 EPS reported
$0.74
- Net income $52.49M ($0.37 diluted EPS), vs $50.87M ($0.36) in Q2 2023.
- Net interest income $103.27M, up 7.7% YoY; NIM (taxable-equivalent) rose to 3.48% from 3.29%.
- Loans grew $290M (16.15% annualized) during Q2; total loans $7.52B.
- Nonperforming assets as % of loans + foreclosed assets rose to 0.81% from 0.43% YoY due to one CRE loan.
- Efficiency ratio 47.41% vs 44.74% YoY; noninterest expense increased to $65.01M from $57.61M.