secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL BANKSHARES INC (FFIN)
CIK:        0000036029
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084684
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Q2 2024 EPS $0.37 vs $0.36 YoY; net interest margin expands to 3.48%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36029/000095017024084684/0000950170-24-084684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36029/000095017024084684/ffin-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084684

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer