NASDAQ$FFIN
First Financial Bankshares Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported earnings decrease of $50.87 million for the second quarter of 2023.
First Financial Bankshares reported earnings of $50.87 million for the second quarter of 2023, a decrease compared to $60.49 million for the same quarter a year ago. The results were impacted by decreases in net interest income, debit card fees, mortgage revenues, gains on sale of securities, and interest recoveries on charged off loans, partially offset by a decrease in profit sharing expense. However, the company saw strong loan growth, a consistent deposit base, and growth in net new accounts.
- Earnings decreased to $50.87 million for the second quarter of 2023, compared to $60.49 million in the same quarter of the previous year.
- Basic and diluted earnings per share were $0.36 for the second quarter of 2023, down from $0.42 in the second quarter of 2022.
- Net interest income decreased to $95.87 million for the second quarter of 2023, compared to $98.78 million for the same period last year.
- Noninterest income decreased to $29.95 million compared to $37.32 million for the second quarter of 2022.
Headline financials
Revenue & EPS history
First Financial · Revenue · Quarterly
$126M
Revenue by segment
First Financial · $29.4M total across 6 segments · Q2 2023
- Trust fees$9.88M+1.4%33.6%
- Debit card fees$6.72M—22.8%
- Deposit service charges$6.31M+4.5%21.4%
- Mortgage loan fees$3.53M-38.3%12.0%
- Other noninterest income$2.27M—7.7%
- Credit card fees$711K—2.4%
Forward guidance
The Company plans to continue to grow loans and deposits, maintain its strong capital position, manage interest rate risk and reduce expenses.
Tailwinds
- Continue to grow loans
- Continue to grow deposits
- Maintain strong capital position
- Manage interest rate risk
- Reduce expenses
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 Q2 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro