First Financial Bankshares (FFIN) Financial Statements & Analysis

First Financial Bankshares (FFIN) Income Statement

First Financial Bankshares reported revenue of $617.11M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 16.5% from $739.21M a year earlier. Net income was $253.58M, up 13.5% year over year, a net margin of 41.1%. Gross margin was 96.1% and operating margin 50.2%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $172.11M, down 18.1% from the same quarter a year earlier.

First Financial Bankshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Financial Bankshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	617.11	739.21	622.31	551.27	513.68	491.94	417.06	383.40	328.67
Cost of Revenue	232.69	216.00	154.89	48.87	4.90	33.76	33.07	24.60	15.82
Gross Profit	593.11	523.22	467.42	502.40	500.72	458.18	383.99	358.81	312.85
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	187.60	165.57	144.99	143.21	44.55	141.20	121.68	114.42	102.57
Operating Expenses	283.50	251.37	224.12	221.53	228.75	215.82	185.96	180.63	165.67
Operating Income	309.61	271.85	243.30	280.87	271.97	242.37	198.03	178.18	147.19
Other Income/Expense
Interest Income	706.07	631.93	530.13	435.69	380.44	364.98	321.28	292.63	247.10
Interest Expense	201.59	202.18	144.26	31.44	6.04	14.24	30.10	18.93	9.29
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	309.60	271.85	243.30	280.87	271.97	242.37	198.03	178.18	147.19
Income Tax Expense	56.02	48.34	44.32	46.40	44.41	40.33	33.22	27.54	26.82
Net Income	253.58	223.51	198.98	234.48	227.56	202.03	164.81	150.64	120.37
Net Income - Continuous Operations	253.58	223.51	198.98	234.48	227.56	202.03	164.81	150.64	120.37
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	319.94	285.27	255.88	293.64	13.06	255.16	209.70	190.72	160.10
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	16.85	13.43	12.58	12.76	13.06	12.79	11.67	12.55	12.92
Earnings Per Share
Basic EPS	2.00	2.00	1.00	2.00	2.00	1.00	1.00	1.00	1.00
Diluted EPS	2.00	2.00	1.00	2.00	2.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	143.07	142.82	142.69	142.60	142.29	142.03	135.65	135.22	132.25
Diluted Shares Outstanding	143.45	143.23	142.94	143.21	143.13	142.55	136.35	135.97	132.65

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About First Financial Bankshares Financial Statements

What was First Financial Bankshares's revenue in fiscal 2025?

First Financial Bankshares reported revenue of $617.11M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 16.5% from $739.21M a year earlier.

Is First Financial Bankshares profitable?

Yes. First Financial Bankshares earned net income of $253.58M in fiscal 2025, a net margin of 41.1%. In fiscal 2024 it earned $223.51M.

What is First Financial Bankshares's operating margin?

First Financial Bankshares's operating income was $309.61M on revenue of $617.11M in fiscal 2025, an operating margin of 50.2%, compared with 36.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition