FIRST FINANCIAL BANKSHARES ANNOUNCES THIRD QUARTER 2026 EARNINGS

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October 15, 2026 4:05 PM EDT

ABILENE, Texas, Oct. 15, 2026 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings of $74.31 million for the third quarter of 2026 compared to earnings of $52.27 million for the same quarter a year ago and $71.89 million for the quarter ended June 30, 2026. Diluted earnings per share were $0.52 for the third quarter of 2026 compared with $0.36 for the third quarter of 2025 and $0.50 for the linked quarter.

"We are pleased to report another record quarter of net income, largely driven by continued expansion of our net interest margin," said David Bailey, President and CEO. "As we enter the final quarter of the year, we remain focused on disciplined balance sheet growth and prudent risk management. We are also excited to open our new Bee Cave location later this month, establishing our first full-service branch in the Austin market and an important step in our continued expansion across Texas. We appreciate our dedicated team of First Financial bankers whose commitment to our customers and shareholders drives our success every day."

Net interest income for the third quarter of 2026 was $138.51 million compared to $127.00 million for the third quarter of 2025 and $136.91 million for the linked quarter. The net interest margin, on a tax-equivalent basis, was 3.91 percent for the third quarter of 2026 compared to 3.80 percent for the third quarter of 2025 and 3.90 percent for the linked quarter. Average interest-earning assets were $14.43 billion for the third quarter of 2026 compared to $13.60 billion for the same quarter a year ago and $14.46 billion for the linked quarter.

The Company recorded a provision for credit losses of $2.03 million for the third quarter of 2026 compared to a provision for credit losses of $24.44 million for the third quarter of 2025 and $4.18 million for the linked quarter. The third quarter of 2025 provision was driven by a large loan charged off due to borrower fraud. At September 30, 2026, the allowance for credit losses totaled $113.89 million, or 1.33 percent of loans held-for-investment ("loans" hereafter), compared to $105.96 million, or 1.29 percent of loans, at September 30, 2025, and $112.43 million, or 1.35 percent of loans, at June 30, 2026. Additionally, the reserve for unfunded commitments totaled $5.85 million at September 30, 2026 compared to $8.84 million at September 30, 2025 and $6.21 million at June 30, 2026.

For the third quarter of 2026, the Company recorded net charge offs of $935 thousand compared to net charge-offs of $22.34 million for the third quarter of 2025 and net recoveries of $600 thousand for the linked quarter. Nonperforming assets as a percentage of loans and foreclosed assets totaled 0.71 percent at September 30, 2026, compared to 0.71 percent at September 30, 2025 and 0.80 percent at June 30, 2026. Classified loans totaled $294.49 million at September 30, 2026, compared to $252.96 million at September 30, 2025 and $283.10 million at June 30, 2026.

Noninterest income for the third quarter of 2026 was $35.64 million compared to $34.26 million for the third quarter of 2025 and $35.84 million for the linked quarter.

  • Wealth Management fee income increased to $14.49 million for the third quarter of 2026 compared to $12.95 million for the third quarter of 2025 and $13.96 million for the linked quarter. Increases are related to new account growth and increased mineral fee income due to oil and gas prices. The market value of assets under management totaled $12.35 billion at September 30, 2026, compared to $12.05 billion at September 30, 2025 and $12.23 billion at June 30, 2026.
  • Service charges on deposits increased to $6.69 million for the third quarter of 2026 compared with $6.45 million for the third quarter of 2025 and $6.26 million for the linked quarter. Changes are primarily due to increases in net new accounts.
  • Mortgage income decreased to $4.18 million for the third quarter of 2026 compared to $4.38 million for the third quarter of 2025 and $4.68 million for the linked quarter. Mortgage volume and margins were impacted by the spike in long term rates during the third quarter of 2026.

Noninterest expense for the third quarter of 2026 totaled $81.05 million compared to $73.67 million for the third quarter of 2025 and $81.11 million for the linked quarter.

  • Salary, commissions, and employee benefit costs (excluding the supplemental executive retirement plan "SERP" market adjustment) were $47.79 million for the third quarter of 2026, compared to $42.32 million in the third quarter of 2025 and $48.26 million for the linked quarter. The increase over the same period in 2025 is primarily due to annual merit-based and market-driven pay increases that were effective March 1st in the current year.
  • Noninterest expenses, excluding all salary-related costs, increased $2.18 million for the third quarter of 2026 compared to the same period in 2025 and $1.80 million compared to the linked quarter. Increases from the prior year are due to increases in legal and professional fees, software amortization and expense and advertising and public relations costs offset by decreases in operational and other losses and debit card expenses. Increases from the linked quarter are due to increased operational and other losses and legal and professional fees.

The Company's efficiency ratio was 45.59 percent for the third quarter of 2026 compared to 44.74 percent for the third quarter of 2025 and 45.94 percent for the linked quarter.

As of September 30, 2026, consolidated total assets were $15.16 billion compared to $14.84 billion at September 30, 2025 and $15.31 billion at June 30, 2026. Loans totaled $8.54 billion at September 30, 2026, compared with loans of $8.24 billion at September 30, 2025 and $8.35 billion at June 30, 2026. During the third quarter of 2026, loans grew $191.86 million, or 9.12 percent annualized, when compared to June 30, 2026 balances. Loans have grown $380.51 million, or 6.24 percent annualized, year-to-date. Deposits and repurchase agreements totaled $13.19 billion at September 30, 2026, compared to $12.90 billion at September 30, 2025 and $13.17 billion at June 30, 2026. During the third quarter of 2026, noninterest-bearing deposits grew $67.07 million, or 7.65 percent annualized, when compared to June 30, 2026 balances. Noninterest-bearing deposits have grown $144.77 million, or 5.69 percent annualized, year-to-date.

Shareholders' equity was $1.83 billion as of September 30, 2026, compared to $1.83 billion and $2.00 billion at September 30, 2025 and June 30, 2026, respectively. Shareholders' equity was down compared to the linked quarter primarily due to the increase in the unrealized loss on the securities portfolio of $209.89 million, net of tax.  The unrealized loss on the securities portfolio, net of applicable tax, totaled $489.55 million at September 30, 2026, compared to unrealized losses of $308.58 million at September 30, 2025 and $279.67 million at June 30, 2026, due to changes in long term market interest rates during the respective periods.

About First Financial Bankshares, Inc.

Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 81 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Austin/Bee Cave, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations and First Technology Services, Inc., a technology operating company.

The Company is listed on The Nasdaq Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://www.ffin.com.

Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast," "project," and "goal." Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and  acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents and Filings" on the Company's Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

FIRST FINANCIAL BANKSHARES, INC.

CONSOLIDATED FINANCIAL SUMMARY (UNAUDITED) 

(In thousands, except share and per share data)



As of


2026

2025

ASSETS

 Sept. 30, 

 June 30, 

Mar. 31,

Dec. 31,

 Sept. 30, 

Cash and due from banks

$

178,819

$

284,759

$

264,850

$

249,466

$

237,466

Interest-bearing demand deposits in banks

292,778

286,973

458,203

826,947

401,580

Federal funds sold

2,875

8,650

14,075

1,575

11,750

Investment securities

5,388,083

5,675,957

5,668,792

5,514,113

5,260,813

Loans, held-for-investment

8,538,788

8,346,931

8,285,120

8,158,276

8,243,625

Allowance for credit losses

(113,892)

(112,433)

(107,918)

(105,536)

(105,958)

Net loans, held-for-investment 

8,424,896

8,234,498

8,177,202

8,052,740

8,137,667

Loans, held-for-sale

25,521

23,616

22,984

29,992

26,015

Premises and equipment, net

158,822

155,560

150,989

149,985

149,651

Goodwill

313,481

313,481

313,481

313,481

313,481

Other intangible assets

43

86

128

171

257

Other assets

377,549

322,857

316,941

308,006

302,848

Total assets

$

15,162,867

$

15,306,437

$

15,387,645

$

15,446,476

$

14,841,528


















LIABILITIES AND SHAREHOLDERS'  EQUITY















Noninterest-bearing deposits

$

3,545,829

$

3,478,755

$

3,385,878

$

3,401,057

$

3,446,262

Interest-bearing deposits

9,602,314

9,641,228

9,859,359

9,944,472

9,399,986

Total deposits

13,148,143

13,119,983

13,245,237

13,345,529

12,846,248

Repurchase agreements

43,088

53,656

67,946

62,956

50,646

Borrowings

21,854

21,829

22,306

21,680

21,956

Other liabilities

117,222

114,082

108,305

98,994

92,410

Shareholders' equity

1,832,560

1,996,887

1,943,851

1,917,317

1,830,268

Total liabilities and shareholders' equity

$

15,162,867

$

15,306,437

$

15,387,645

$

15,446,476

$

14,841,528



















Quarter Ended


2026

2025

INCOME STATEMENTS

Sept. 30,

June 30,

Mar. 31,

Dec. 31,

 Sept. 30, 

Interest income

$

189,045

$

185,960

$

182,945

$

182,869

$

179,692

Interest expense

50,538

49,046

48,154

51,501

52,691

Net interest income

138,507

136,914

134,791

131,368

127,001

Provision for credit losses

2,034

4,183

2,291

(2,486)

24,435

Net interest income after provision for credit losses

136,473

132,731

132,500

133,854

102,566

Noninterest income

35,635

35,844

32,096

33,349

34,264

Noninterest expense

81,052

81,106

76,768

77,650

73,666

Net income before income taxes

91,056

87,469

87,828

89,553

63,164

Income tax expense

16,748

15,575

16,285

16,239

10,897

Net income

$

74,308

$

71,894

$

71,543

$

73,314

$

52,267


















PER COMMON SHARE DATA 















Net income - basic

$

0.52

$

0.50

$

0.50

$

0.51

$

0.37

Net income - diluted

0.52

0.50

0.50

0.51

0.36

Cash dividends declared

0.22

0.22

0.19

0.19

0.19

Book value

12.78

13.93

13.57

13.39

12.78

Tangible book value

10.59

11.75

11.38

11.20

10.59

Market value

31.74

34.60

29.45

29.87

33.65

Shares outstanding - end of period

143,397,258

143,319,824

143,279,030

143,213,102

143,188,051

Average outstanding shares - basic

143,336,014

143,280,452

143,210,755

143,180,215

143,105,224

Average outstanding shares - diluted

143,726,667

143,698,421

143,608,079

143,542,801

143,474,169


















PERFORMANCE RATIOS















Return on average assets

1.93

%

1.89

%

1.89

%

1.94

%

1.44

%

Return on average equity

15.02

14.70

14.83

15.62

11.85

Return on average tangible equity

17.87

17.49

17.66

18.78

14.44

Net interest margin (tax equivalent)

3.91

3.90

3.86

3.81

3.80

Efficiency ratio

45.59

45.94

44.98

46.10

44.74



















Nine Months Ended










Sept. 30,









INCOME STATEMENTS

2026

2025










Interest income

$

557,950

$

519,612










Interest expense

147,738

150,092










Net interest income

410,212

369,520










Provision for credit losses

8,508

31,095










Net interest income after provisions for credit losses

401,704

338,425










Noninterest income

103,575

97,366










Noninterest expense

238,926

215,736










Net income before income taxes

266,353

220,055










Income tax expense

48,608

39,785










Net income

$

217,745

$

180,270



























PER COMMON SHARE DATA 















Net income - basic

$

1.52

$

1.26










Net income - diluted

1.51

1.26










Cash dividends declared

0.63

0.56










Book value

12.78

12.78










Tangible book value

10.59

10.59










Market value

$

31.74

$

33.65










Shares outstanding - end of period

143,397,258

143,188,051










Average outstanding shares - basic

143,276,199

143,026,664










Average outstanding shares - diluted

143,741,994

143,422,534



























PERFORMANCE RATIOS















Return on average assets

1.90

%

1.70

%








Return on average equity

14.85

14.22










Return on average tangible equity

17.68

17.46










Net interest margin (tax equivalent)

3.89

3.79










Efficiency ratio

45.51

45.33










 

FIRST FINANCIAL BANKSHARES, INC.
SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands)



Quarter Ended


2026

2025

ALLOWANCE FOR LOAN LOSSES

 Sept. 30, 

June 30,

Mar. 31,

Dec. 31,

Sept. 30,

Balance at beginning of period

$

112,433

$

107,918

$

105,536

$

105,958

$

102,792

Loans charged-off

(1,740)

(961)

(1,174)

(3,387)

(22,612)

Loan recoveries

805

1,561

818

2,996

272

Net recoveries (charge-offs)

(935)

600

(356)

(391)

(22,340)

Provision for loan losses

2,394

3,915

2,738

(31)

25,506

Balance at end of period

$

113,892

$

112,433

$

107,918

$

105,536

$

105,958
















ALLOWANCE FOR UNFUNDED COMMITMENTS














Balance at beginning of period

$

6,208

$

5,940

$

6,387

$

8,842

$

9,914

Provision for unfunded commitments

(360)

268

(447)

(2,455)

(1,072)

Balance at end of period

$

5,848

$

6,208

$

5,940

$

6,387

$

8,842
















Allowance for loan losses /














period-end loans held-for-investment

1.33

%

1.35 %

%

1.30

%

1.29

%

1.29

%

Allowance for loan losses /














nonperforming loans

199.19

174.94

206.16

188.41

187.39

Net charge-offs (recoveries) / average total loans














(annualized)

0.04

(0.03)

0.02

0.02

1.07

















Quarter Ended


2026

2025

COMPOSITION OF LOANS HELD-FOR-INVESTMENT

 Sept. 30, 

June 30,

Mar. 31,

Dec. 31,

Sept. 30,

Commercial:














C&I

$

1,164,597

$

1,087,656

$

1,149,931

$

1,116,461

$

1,174,770

Municipal

444,341

419,070

384,473

342,501

347,559

Total Commercial

1,608,938

1,506,726

1,534,404

1,458,962

1,522,329

Agricultural

79,796

81,786

77,583

95,776

88,820

Real Estate:














Construction & Development

1,089,540

1,191,082

1,169,037

1,157,865

1,214,649

Farm

349,484

344,483

329,151

327,625

322,710

Non-Owner Occupied CRE

919,847

831,929

825,771

832,816

802,675

Owner Occupied CRE

1,161,530

1,144,093

1,132,114

1,120,608

1,119,425

Residential

2,358,106

2,322,000

2,322,097

2,285,830

2,308,708

Total Real Estate

5,878,507

5,833,587

5,778,170

5,724,744

5,768,167

Consumer:














Auto

817,771

776,433

751,283

732,351

718,501

Non-Auto

153,776

148,399

143,680

146,443

145,808

Total Consumer

971,547

924,832

894,963

878,794

864,309
















Total loans held-for-investment

$

8,538,788

$

8,346,931

$

8,285,120

$

8,158,276

$

8,243,625
















SUMMARY OF LOAN CLASSIFICATION














Special Mention

$

65,080

$

48,486

$

66,864

$

66,058

$

76,647

Substandard

229,405

234,618

222,895

189,548

176,311

Total classified loans

$

294,485

$

283,104

$

289,759

$

255,606

$

252,958
















NONPERFORMING ASSETS














Nonaccrual loans

$

57,158

$

63,310

$

52,129

$

55,121

$

56,394

Accruing loans 90 days past due

19

958

218

892

151

Total nonperforming loans

57,177

64,268

52,347

56,013

56,545

Foreclosed assets

3,277

2,770

1,962

479

1,997

Total nonperforming assets

$

60,454

$

67,038

$

54,309

$

56,492

$

58,542
















As a % of loans held-for-investment and foreclosed assets

0.71

%

0.80

%

0.66

%

0.69

%

0.71

%

As a % of end of period total assets

0.40

0.44

0.35

0.37

0.39

















Quarter Ended


2026

2025

CAPITAL RATIOS

 Sept. 30, 

June 30,

Mar. 31,

Dec. 31,

Sept. 30,

Common equity Tier 1 capital ratio

20.45

%

20.40

%

20.23

%

19.99

%

19.10

%

Tier 1 capital ratio

20.45

20.40

20.23

19.99

19.10

Total capital ratio

21.66

21.62

21.42

21.17

20.29

Tier 1 leverage ratio

13.12

12.88

12.58

12.55

12.34

Tangible common equity ratio

10.23

11.23

10.81

10.60

10.44

Equity/Assets ratio

12.09

13.05

12.63

12.41

12.33

















Quarter Ended


2026

2025

NONINTEREST INCOME

 Sept. 30, 

 June 30, 

Mar. 31,

Dec. 31,

Sept. 30,

Wealth Management fees

$

14,492

$

13,960

$

13,363

$

13,512

$

12,950

Service charges on deposits

6,693

6,263

6,077

6,140

6,447

Debit card fees

5,953

5,584

5,245

5,791

5,333

Credit card fees

721

734

651

678

699

Gain on sale and fees on mortgage loans

4,175

4,679

4,277

4,216

4,375

Net gain (loss) on sale of securities

(9)

-

-

-

-

Net gain (loss) on sale of foreclosed assets

(2)

(19)

(56)

(12)

(122)

Net gain (loss) on sale of assets

(1)

(374)

-

-

-

SERP Market Adjustment

16

1,397

(287)

(36)

286

Other noninterest income

3,597

3,620

2,826

3,060

4,296

Total noninterest income

$

35,635

$

35,844

$

32,096

$

33,349

$

34,264
















NONINTEREST EXPENSE














Salaries, commissions and employee benefits, excluding SERP and Profit Sharing

$

44,876

$

44,819

$

43,246

$

42,445

$

40,395

SERP Market Adjustment

16

1,397

(287)

(36)

286

Profit sharing expense

2,917

3,444

3,023

4,819

1,924

Net occupancy expense

3,837

3,728

3,630

3,458

3,545

Equipment expense

2,306

2,169

2,158

2,128

2,395

FDIC insurance premiums

1,709

1,767

1,560

1,695

1,635

Debit card expense

3,029

3,043

3,108

3,265

3,512

Legal, tax and professional fees

4,527

4,159

3,834

3,079

3,332

Audit fees

406

441

455

531

536

Printing, stationery and supplies

490

292

623

528

456

Amortization of intangible assets

42

43

43

86

86

Advertising, meals and public relations

2,050

1,849

1,701

1,923

1,714

Operational and other losses

1,333

801

1,000

1,583

1,957

Software amortization and expense

5,067

5,053

4,594

4,456

4,280

Other noninterest expense

8,447

8,101

8,080

7,690

7,613

Total noninterest expense

$

81,052

$

81,106

$

76,768

$

77,650

$

73,666
















TAX EQUIVALENT YIELD ADJUSTMENT 

$

3,625

$

3,799

$

3,791

$

3,709

$

3,406
















 

Nine Months Ended

Sept. 30,

NONINTEREST INCOME

2026

2025

Wealth Management fees

$

41,815

$

38,349

Service charges on deposits

19,033

18,749

Debit card fees

16,782

15,519

Credit card fees

2,106

1,983

Gain on sale and fees on mortgage loans

13,131

11,333

Net gain (loss) on sale of securities

(9)

-

Net gain (loss) on sale of foreclosed assets

(77)

43

Net gain (loss) on sale of assets

(375)

6

SERP Market Adjustment

1,126

497

Other noninterest income

10,043

10,887

Total noninterest income

$

103,575

$

97,366









NONINTEREST EXPENSE






Salaries, commissions and employee benefits, excluding SERP and Profit Sharing

$

132,941

$

119,175

SERP Market Adjustment

1,126

497

Profit sharing expense

9,384

7,650

Net occupancy expense

11,195

10,865

Equipment expense

6,633

7,194

FDIC insurance premiums

5,036

4,795

Debit card expense

9,180

10,193

Legal, tax and professional fees

12,520

9,541

Audit fees

1,302

1,450

Printing, stationery and supplies

1,405

1,411

Amortization of intangible assets

128

266

Advertising, meals and public relations

5,600

5,047

Operational and other losses

3,134

3,217

Software amortization and expense

14,714

12,032

Other noninterest expense

24,628

22,403

Total noninterest expense

$

238,926

$

215,736









TAX EQUIVALENT YIELD ADJUSTMENT 

$

11,215

$

9,032

 

FIRST FINANCIAL BANKSHARES, INC.

SELECTED FINANCIAL DATA (UNAUDITED)

(In thousands)























Three Months Ended


Three Months Ended

Sept. 30, 2026


June 30, 2026


Average

Tax Equivalent

Yield /




Average

Tax Equivalent

Yield /


Balance

Interest

Rate




Balance

Interest

Rate

Interest-earning assets:




















Federal funds sold

$

6,005

$

60

3.96

%

$

4,642

$

43

3.72

%

Interest-bearing demand deposits in nonaffiliated banks

282,340

2,775

3.90




333,359

3,074

3.70

Taxable securities

4,104,496

35,024

3.41




4,091,117

33,666

3.29

Tax-exempt securities

1,568,453

12,950

3.30




1,709,709

14,134

3.31

Loans

8,468,672

141,862

6.65




8,317,815

138,841

6.70

Total interest-earning assets

14,429,966

$

192,671

5.30

%


14,456,642

$

189,758

5.26

%

Noninterest-earning assets

871,586










833,268






Total assets

$

15,301,552









$

15,289,910






Interest-bearing liabilities:




















Deposits

$

9,630,365

$

50,252

2.07

%

$

9,676,860

$

48,697

2.02

%

Repurchase Agreements

57,939

206

1.41




60,403

223

1.48

Borrowings

22,686

81

1.42




28,459

125

1.76

Total interest-bearing liabilities

9,710,990

$

50,539

2.06

%


9,765,722

$

49,045

2.01

%

Noninterest-bearing deposits

3,508,797










3,445,033






Other noninterest-bearing liabilities                                                                              

118,844










116,944






Shareholders' equity

1,962,921










1,962,211






Total liabilities and shareholders' equity

$

15,301,552









$

15,289,910




























Net interest income and margin (tax equivalent)


$

142,132

3.91

%




$

140,713

3.90

%























Three Months Ended


Three Months Ended

Mar. 31, 2026


Dec. 31, 2025


Average

Tax Equivalent

Yield /




Average

Tax Equivalent

Yield /


Balance

Interest

Rate




Balance

Interest

Rate

Interest-earning assets:




















Federal funds sold

$

4,565

$

40

3.55

%

$

6,565

$

62

3.75

%

Interest-bearing demand deposits in nonaffiliated banks

461,579

4,209

3.70




434,445

4,284

3.91

Taxable securities

4,076,690

32,283

3.17




3,683,108

29,231

3.17

Tax-exempt securities

1,726,765

14,184

3.29




1,712,261

14,144

3.30

Loans

8,273,995

136,020

6.67




8,241,265

138,857

6.68

Total interest-earning assets

14,543,594

$

186,736

5.21

%


14,077,644

$

186,578

5.26

%

Noninterest-earning assets

821,635










893,739






Total assets

$

15,365,229









$

14,971,383






Interest-bearing liabilities:




















Deposits

$

9,824,362

$

47,851

1.98

%

$

9,476,716

$

51,207

2.14

%

Repurchase Agreements

62,849

229

1.48




56,573

219

1.54

Borrowings

22,155

74

1.35




22,113

75

1.35

Total interest-bearing liabilities

9,909,366

$

48,154

1.97

%


9,555,402

$

51,501

2.14

%

Noninterest-bearing deposits

3,401,092










3,454,171






Other noninterest-bearing liabilities                                                                              

97,986










99,623






Shareholders' equity

1,956,785










1,862,187






Total liabilities and shareholders' equity

$

15,365,229









$

14,971,383




























Net interest income and margin (tax equivalent)


$

138,582

3.86

%




$

135,077

3.81

%























Three Months Ended












Sept. 30, 2025













Average

Tax Equivalent

Yield /














Balance

Interest

Rate












Interest-earning assets:




















Federal funds sold

$

10,711

$

130

4.82

%











Interest-bearing demand deposits in nonaffiliated banks

216,739

2,387

4.37












Taxable securities

3,560,347

26,539

2.98












Tax-exempt securities

1,564,767

12,906

3.30












Loans

8,249,113

141,136

6.79












Total interest-earning assets

13,601,677

$

183,098

5.34

%











Noninterest-earning assets

826,660


















Total assets

$

14,428,337


















Interest-bearing liabilities:




















Deposits

$

9,051,463

$

52,010

2.28

%











Repurchase Agreements

50,051

210

1.66












Borrowings

56,198

471

3.33












Total interest-bearing liabilities

9,157,712

$

52,691

2.28

%











Noninterest-bearing deposits

3,419,378


















Other noninterest-bearing liabilities                                                                              

101,268


















Shareholders' equity

1,749,979


















Total liabilities and shareholders' equity

$

14,428,337








































Net interest income and margin (tax equivalent)


$

130,407

3.80

%

































Nine Months Ended


Nine Months Ended

Sept.  30, 2026


Sept. 30, 2025


Average

Tax Equivalent

Yield /




Average

Tax Equivalent

Yield /


Balance

Interest

Rate




Balance

Interest

Rate

Interest-earning assets:




















Federal funds sold

$

5,076

$

143

3.77

%

$

9,240

$

334

4.83

%

Interest-bearing deposits in nonaffiliated banks

358,436

10,058

3.75




293,984

9,752

4.44

Taxable securities

4,090,870

100,973

3.29




3,512,304

76,816

2.92

Tax exempt securities

1,667,729

41,268

3.30




1,469,158

33,629

3.05

Loans

8,354,207

416,723

6.67




8,083,638

408,113

6.75

Total interest-earning assets

14,476,318

$

569,165

5.26

%


13,368,324

$

528,644

5.29

%

Noninterest-earning assets

842,359










826,449






Total assets

$

15,318,677









$

14,194,773






Interest-bearing liabilities:




















Deposits

$

9,709,818

$

146,800

2.02

%

$

8,953,017

$

148,291

2.21

%

Repurchase Agreements

60,379

658

1.46




52,801

641

1.62

Borrowings

24,436

280

1.53




52,380

1,160

2.96

Total interest-bearing liabilities

9,794,633

$

147,738

2.02

%


9,058,198

$

150,092

2.22

%

Noninterest-bearing deposits

3,452,035










3,356,999






Other noninterest-bearing liabilities                                                                              

111,334










85,148






Shareholders' equity

1,960,675










1,694,428






Total liabilities and shareholders' equity

$

15,318,677









$

14,194,773




























Net interest income and margin (tax equivalent)


$

421,427

3.89

%




$

378,552

3.79

%






















 

Cision View original content:https://www.prnewswire.com/news-releases/first-financial-bankshares-announces-third-quarter-2026-earnings-302910462.html

SOURCE First Financial Bankshares, Inc.


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