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First Financial Bankshares
(NASDAQ:FFIN)
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Rating:79Outperform
Price Target:
$40.00
▲(15.34% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial performance (solid profitability, conservative leverage, and cash flow closely tracking earnings). Technicals add support with price above key moving averages, while valuation is only mid-range (P/E ~18.7, 2.26% yield). A positive buyback expansion provides an additional, smaller boost.
Positive Factors
Conservative balance sheet
Extremely low debt-to-equity (~0.05) and a large equity base provide durable loss-absorption and regulatory flexibility. This conservatism supports continued lending during stress, enables capital returns, and reduces refinancing risk, strengthening resilience over the next several quarters.
Negative Factors
Margin compression
Net margin has declined from earlier peaks, indicating compression in spreads or rising costs. Sustained margin pressure would reduce earnings power, slow equity build, and constrain excess capital available for loans or buybacks, making profitability more sensitive to rate and funding dynamics.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low debt-to-equity (~0.05) and a large equity base provide durable loss-absorption and regulatory flexibility. This conservatism supports continued lending during stress, enables capital returns, and reduces refinancing risk, strengthening resilience over the next several quarters.
Read all positive factors
First Financial Bankshares (FFIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.03B
Dividend Yield2.25%
Average Volume (3M)773.17K
Price to Earnings (P/E)18.7
Beta (1Y)0.88
Revenue Growth9.67%
EPS Growth9.32%
CountryUS
Employees1,500
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.85
Shares Outstanding143,281,940
10 Day Avg. Volume1,144,798
30 Day Avg. Volume773,175
Financial Highlights & Ratios
PEG Ratio1.19
Price to Book (P/B)2.23
Price to Sales (P/S)5.18
P/FCF Ratio13.92
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$36.33Price Target Upside4.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.04
Revenue Forecast (FY)$698.56M
First Financial Bankshares Business Overview & Revenue Model
Company Description
First Financial Bankshares, Inc. (FFIN) is a financial institution that delivers a broad array of commercial banking and financial services throughout Texas via its network of subsidiaries. Its core offerings include various deposit solutions, suc...
How the Company Makes Money
FFIN primarily makes money through its banking subsidiaries by earning interest and fees from providing deposit, lending, and other financial services. The largest earnings driver for most bank holding companies like FFIN is net interest income: t...
First Financial Bankshares Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 847.17M | 825.80M | 739.21M | 622.31M | 551.27M | 505.62M |
| Gross Profit | 615.88M | 593.11M | 523.22M | 467.42M | 502.40M | 500.72M |
| EBITDA | 332.69M | 319.94M | 285.27M | 255.88M | 293.64M | 285.03M |
| Net Income | 263.78M | 253.59M | 223.51M | 198.98M | 234.47M | 227.56M |
Balance Sheet | ||||||
| Total Assets | 15.39B | 15.45B | 13.98B | 13.11B | 12.97B | 13.10B |
| Cash, Cash Equivalents and Short-Term Investments | 920.95M | 1.08B | 1.05B | 5.27B | 5.81B | 7.10B |
| Total Debt | 90.25M | 21.68M | 197.02M | 404.08M | 642.51M | 671.15M |
| Total Liabilities | 13.44B | 13.53B | 12.37B | 11.61B | 11.71B | 11.34B |
| Stockholders Equity | 1.94B | 1.92B | 1.61B | 1.50B | 1.27B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 305.73M | 307.14M | 292.92M | 267.57M | 308.49M | 335.95M |
| Operating Cash Flow | 321.20M | 320.58M | 309.64M | 284.82M | 324.27M | 355.15M |
| Investing Cash Flow | -1.19B | -1.04B | -736.88M | 127.29M | -838.00M | -2.61B |
| Financing Cash Flow | 680.70M | 1.03B | 654.06M | -206.20M | 315.82M | 2.06B |
First Financial Bankshares Technical Analysis
Positive
34.68
Price Trends
33.81
Positive
32.27
Positive
31.74
Positive
Market Momentum
0.37
Positive
52.67
Neutral
22.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FFIN, the sentiment is Positive. The current price of 34.68 is below the 20-day moving average (MA) of 34.87, above the 50-day MA of 33.81, and above the 200-day MA of 31.74, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 52.67 is Neutral, neither overbought nor oversold. The STOCH value of 22.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FFIN.
First Financial Bankshares Risk Analysis
First Financial Bankshares disclosed 52 risk factors in its most recent earnings report. First Financial Bankshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Financial Bankshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.03B | 18.69 | 14.00% | 2.28% | 9.67% | 9.32% | |
77 Outperform | $5.77B | 13.00 | 22.32% | ― | 12.54% | 13.67% | |
76 Outperform | $6.25B | 14.95 | 9.61% | 2.49% | -3.12% | -5.31% | |
74 Outperform | $6.02B | 12.67 | 9.68% | 3.43% | 35.21% | 61.65% | |
70 Outperform | $5.87B | 15.74 | 9.25% | 0.91% | 1.41% | -2.55% | |
69 Neutral | $6.68B | 13.20 | 9.39% | 3.15% | 7.90% | 29.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
FFIN
First Financial Bankshares
35.14
1.59
4.74%
ABCB
Ameris Bancorp
87.21
21.29
32.29%
AX
Axos Financial
101.41
15.88
18.57%
HWC
Hancock Whitney
77.00
19.80
34.61%
AUB
Atlantic Union Bankshares
42.43
12.14
40.07%
UBSI
United Bankshares
48.45
14.00
40.64%
First Financial Bankshares Corporate Events
Business Operations and StrategyStock Buyback
First Financial Bankshares Expands Share Repurchase Authorization
Positive
Jul 31, 2026
On July 28, 2026, First Financial Bankshares’ board renewed and expanded its share repurchase plan, extending the authorization through July 31, 2027 and raising the cap from 5.0 million to 7.2 million common shares, about 5 percent of share...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.