Stock of the Day - March 8, 2023

First Financial Bankshares (FFIN)

$31.59

+$0.70 (+2.3%)

Market Cap: $4.43B

About First Financial Bankshares

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.

It also provides commercial and industrial, municipal, agricultural, construction and development, farm, residential, and consumer auto and non-auto, as well as non-owner occupied and owner occupied commercial real estate loans. In addition, the company offers advisory and specialized services related to asset management, investing, purchasing, advertising, public relations, and technology services. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

Today's Trend

First Financial Bankshares, Inc. (NASDAQ: FFIN) shares moved higher after the company reported solid third-quarter 2026 results, though the earnings release delivered an in-line result rather than a surprise beat.

First Financial reported third-quarter net income of $74.31 million, up from $52.27 million a year earlier and $71.89 million in the second quarter. Diluted EPS rose to $0.52 from $0.36 year over year and $0.50 sequentially, highlighting strong earnings growth. First Financial Bankshares Announces Third Quarter 2026 Earnings
The bank’s reported 14.00% return on equity and 31.03% net margin indicate continued profitability and efficient use of capital. First Financial Bankshares Earnings Report
Quarterly EPS of $0.52 matched the Zacks consensus estimate. While earnings improved substantially from the prior-year quarter, the lack of an earnings beat may limit the positive reaction. First Financial Bankshares Meets Q3 Earnings Estimates
Investors are reviewing additional operating metrics against Wall Street expectations and year-ago levels; the available report summary does not identify a specific major upside or downside surprise. Compared to Estimates, First Financial Q3 Earnings: A Look at Key Metrics
Cantor Fitzgerald lowered its price target from $35 to $34 and maintained a neutral rating, signaling limited upside conviction despite the improved earnings results. Cantor Fitzgerald Lowers First Financial Price Target

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First Financial Bankshares (FFIN)

About First Financial Bankshares

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