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First Financial Bankshares (FFIN) Company Profile

Updated Sep 9, 2019
First Financial Bankshares has the following business profile:
Company's Full Name:First Financial Bankshares, Inc.
Short Name:First Financial Bankshares
Trading Ticker Symbol:FFIN
Primary Exchange:NASDAQ
Headquarter City/Country:Texas, TX
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for First Financial Bankshares

The following details were available for trading and market data about the stock of First Financial Bankshares as of writing:
Current Share Price:$31.81
Previous Year's Closing Price:$57.69
Percentage Price Change (YTD):-44.86%
Market Cap:$4.32 billion
52-week Price Range:$26.73 - $33.43
Dividend Per Share:$0.43
EPS (TTM):1.17
Price-Earnings (Trailing):27.19
Price-Earnings (Forward):25.65

Company Profile and Business Description for First Financial Bankshares

First Financial Bankshares, Inc., incorporated on March 30, 1956, is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company's subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc., Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc., Abilene, Texas, and First Financial Insurance Agency, Inc., Abilene, Texas. The Company's banking centers are located in Central, North Central, Southeast and West Texas. As of December 31, 2016, the Company had 69 financial centers across Texas, with 11 locations in Abilene, three locations in San Angelo and Weatherford, two locations in Cleburne, Conroe, Stephenville, and Granbury, and one location each in Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Clyde, Cut and Shoot, Decatur, Eastland, Fort Worth, Glen Rose, Grapevine, Hereford, Huntsville, Keller, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, Southlake, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Willis and Willow Park, all in Texas.

Lending Activities

The Company's loan portfolio consists of loans made to businesses, professionals, individuals, and farm and ranch operations located in the primary trade areas served by its subsidiary bank. Real estate loans represent loans primarily for one- to four-family residences and commercial real estate, which are primarily owner-occupied. As of December 31, 2016, its total loans held for investment was $3.36 billion.

Investment Activities

The Company's securities available-for-sale include the United States Treasury securities, Obligations of the United States Government sponsored enterprises and agencies, Obligations of states and political subdivisions, Corporate bonds and other securities, and Mortgage-backed securities. As of December 31, 2016, securities with a fair value of $2.86 billion were classified as securities available-for-sale.

Deposits

Deposits held by the Company's subsidiary bank represent its primary source of funding. The Company's total deposits were $5.48 billion as of December 31, 2016.

400 Pine St,

Peer / Competitor Companies of Major Banks Sector

Along with First Financial Bankshares, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

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▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

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