NASDAQ$FFIN

First Financial Bankshares Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported earnings for the first quarter of 2021.

First Financial Bankshares reported a strong first quarter in 2021 with earnings of $56.92 million, a 52.87 percent increase compared to the same quarter last year. Diluted earnings per share were $0.40, up from $0.26 in the prior year. The company experienced organic asset growth of $1.20 billion, driven by loan and deposit growth, while maintaining overall asset quality.

  • Earnings increased by 52.87% compared to the same quarter last year, reaching $56.92 million.
  • Diluted earnings per share rose to $0.40, compared to $0.26 in the same quarter last year.
  • Organic asset growth of $1.20 billion was achieved through loan and deposit growth.
  • Net interest income increased to $88.82 million, up from $80.90 million in the first quarter of 2020.

Headline financials

Total Revenue

$124M

Previous: $110M+12.8%
EPS (adj)

$0.40

Previous: $0.26+53.8%
Net interest margin

3.5%

No prior period
Efficiency ratio

45.4%

Previous: 49.6%-8.6%
Free Cash Flow

$56.9M

Previous: $37.2M+52.9%
Net Income

$56.9M

Previous: $37.2M+52.9%
Operating Income

$116M

Previous: $88.8M+30.8%
Gross Profit

$122M

Previous: $99.8M+22.0%
Cash & Equivalents

$1.08B

Previous: $268M+304.5%
Total Assets

$12.1B

Previous: $9.7B+24.8%

Revenue & EPS history

First Financial · Revenue · Quarterly

$124M

Q1 2021+12.8%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

First Financial · $14.9M total across 3 segments · Q1 2021

  • Trust fees
    $8.3M+11.6%
  • Deposit service charges
    $4.79M-19.0%
  • Other noninterest income
    $1.82M

Forward guidance

No specific forward guidance provided in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.7%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+7.5%

Q4 2023

Best reaction

-12.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.9%-2.4%+0.8%
Q4 2025-2.8%-7.1%-1.1%
Q3 2025-2.3%-3.8%-1.5%
Q2 2025-2.9%-1.9%-1.1%
Q1 2025-1.3%+2.8%+9.7%
Q4 2024+3.4%+2.3%+0.8%
Q3 2024-0.9%-4.3%+6.7%
Q2 2024+2.0%+7.4%+1.9%
Q1 2024+4.7%+6.5%+10.9%
Q4 2023+7.5%+9.1%+4.3%
Q3 2023-6.0%-5.2%+10.9%
Q2 2023-0.8%+0.3%-4.6%
Q1 2023-5.9%-8.7%-13.8%
Q4 2022+2.0%+1.5%+13.2%
Q3 2022-12.7%-17.4%-17.7%
Q2 2022+3.1%+4.5%+11.7%
Q1 2022-3.2%-5.7%-7.4%
Q4 2021-3.9%-0.6%-0.4%
Q3 2021+3.5%+3.5%+8.0%
Q2 2021-1.6%-1.8%-0.3%
Q1 2021+3.2%+6.2%+7.0%
Q4 2020-5.0%-1.1%+12.0%
Q3 2020+2.5%+0.0%+11.2%
Q2 2020+5.7%+2.5%+5.7%
Q1 2020+3.7%+11.5%+12.1%
Q4 2019+1.3%+1.3%-0.3%
Q3 2019+4.6%+6.1%+3.2%
Q2 2019+4.1%+7.0%+5.1%
Q1 2019-1.3%+0.3%+0.5%
Q4 2018-1.3%-0.3%+2.4%
Q3 2018-1.2%-4.6%+13.8%
Q2 2018+6.1%+9.0%+13.1%
Q1 2018+3.1%+5.1%+9.7%
Q4 2017-0.4%+0.3%+0.9%
Q3 2017+1.7%+0.9%-3.3%
Q2 2017+0.5%+3.3%-7.0%
Q1 2017+4.9%+8.5%+1.9%
Q4 2016-0.9%-1.2%+3.8%
Q3 2016-2.3%-1.4%+22.2%
Q2 2016-0.1%-0.0%+2.1%
Q1 2016-0.3%
Q4 2015-1.7%
Q3 2015+4.3%
Q2 2015-0.1%
Q1 2015+0.3%
Q4 2014+5.0%
Q3 2014+2.6%
Q2 2014-1.2%
Q1 2014+1.9%
Q4 2012+2.6%
Q4 2011+2.6%
Q4 2013-1.9%
Q3 2013+0.7%
Q2 2013+2.3%
Q1 2013+2.2%
Q3 2012+0.3%
Q2 2012+0.0%
Q1 2012+1.7%
Q4 2010-0.2%
Q3 2011-0.5%
Q2 2011-0.3%
Q1 2010-2.6%
Q1 2011+1.1%
Q4 2008+2.7%
Q3 2010+3.7%
Q3 2009+3.7%
Q2 2010-1.9%
Q2 2009-1.9%
Q4 2009-1.9%

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