- Total deposits for First Financial Bankshares in Q3 reached $11.76 billion, surpassing the estimate of $11.54 billion.
- Loans held for investment were at $7.72 billion, slightly above the estimated $7.68 billion.
- Net interest income amounted to $107.1 million.
- The net interest margin (NIM) on a taxable-equivalent basis was 3.5%, just under the 3.53% estimate.
- Reported earnings per share (EPS) were 39 cents, aligning with expectations.
- Cash and due from banks totaled $296.2 million.
- Net income matched the forecast at $55.3 million.
- The provision for loan losses was $5.55 million.
- F. Scott Dueser, Chairman, CEO, and President, expressed satisfaction with the quarterly results, highlighting growth in loans, deposits, and net interest income, with earnings increasing by 11.61% compared to the same quarter last year.
- Analyst recommendations consist of 0 buys, 5 holds, and 0 sells.
A look at First Finl Bankshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Finl Bankshares, Inc., a multi-bank holding company based in Texas, shows a promising long-term outlook according to the Smartkarma Smart Scores. With solid scores across the board, including a strong momentum rating of 5, the company appears to be on a positive trajectory. Its resilience score of 4 suggests that the company is well-equipped to withstand market fluctuations and economic challenges. Additionally, with decent scores in value, dividend, and growth categories, First Finl Bankshares seems to offer a balanced investment opportunity for those seeking stability and potential for growth in the long run.
In summary, First Finl Bankshares, Inc. operates multiple banks in Texas, offering a range of banking services such as deposits, loans, fund transfers, and more. With a overall positive outlook based on the Smartkarma Smart Scores, the company’s strong momentum and resilience indicate a potential for steady performance and growth in the future, making it an attractive option for investors looking for stability with room for advancement.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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