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Stock impact report

FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2024 EARNINGS

First Financial Bankshares, Inc. (FFIN) 
Last first financial bankshares, inc. earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
ABILENE, Texas, April 18, 2024 /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings for the first quarter of 2024 of $53.40 million compared to earnings of $52.57 million for the same quarter a year ago. Basic and diluted earnings per share were $0.37 for both quarters ended March 31, 2024 and 2023, respectively.As further described below, the results this quarter compared to the same quarter a year ago included (i) an increase in net interest income of $3.96 million, (ii) a decrease in provision for credit losses of $1.97 million, and (iii) an increase in trust fees of $1.53 million. Offsetting these items was an increase in salary and employee benefits expenses of $5.22 million when compared to the same period a year ago."Our results were highlighted by an increase in net interest income which was achieved through organic loan and deposit growth during the quarter," said F. Scott Dueser, our Chairman, President Show less Read more
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