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FIRST FINANCIAL BANKSHARES ANNOUNCES SECOND QUARTER 2025 EARNINGS
First Financial BanksharesFirst Financial Bankshares(US:FFIN) Prnewswireยท2025-07-17 20:05

Financial Performance - First Financial Bankshares, Inc. reported earnings of $66.66 million for Q2 2025, a 27% increase from $52.49 million in Q2 2024 and an increase from $61.35 million in Q1 2025 [1][2] - Basic and diluted earnings per share were $0.47 for Q2 2025, compared to $0.37 in Q2 2024 and $0.43 in Q1 2025 [1][2] Revenue and Income - Net interest income for Q2 2025 was $123.73 million, up from $103.27 million in Q2 2024 and $118.79 million in Q1 2025 [2] - The net interest margin increased to 3.81% in Q2 2025 from 3.48% in Q2 2024 and 3.74% in Q1 2025, primarily due to higher average yields on loans and securities [2] - Noninterest income for Q2 2025 was $32.87 million, compared to $31.27 million in Q2 2024 [5][11] Credit Quality - The provision for credit losses was $3.13 million in Q2 2025, down from $5.89 million in Q2 2024 [3] - Net charge-offs totaled $720 thousand in Q2 2025, compared to $302 thousand in Q2 2024 [4] - Nonperforming assets as a percentage of loans and foreclosed assets were 0.79% as of June 30, 2025, slightly down from 0.81% a year earlier [4][14] Asset and Liability Management - Total assets increased to $14.38 billion as of June 30, 2025, from $13.16 billion a year earlier [6] - Loans held-for-investment totaled $8.07 billion, up from $7.52 billion in June 2024, with a year-to-date growth of 4.12% [6] - Deposits and repurchase agreements reached $12.50 billion, a 5.57% increase year-to-date [6] Shareholder Equity - Shareholders' equity was $1.74 billion as of June 30, 2025, compared to $1.52 billion a year earlier [7] - The unrealized loss on the securities portfolio decreased to $373.46 million from $441.56 million a year earlier [7] Operational Efficiency - The efficiency ratio improved to 44.97% in Q2 2025 from 47.41% in Q2 2024, largely due to increased net interest income [5][11] - Noninterest expenses totaled $71.74 million in Q2 2025, up from $65.01 million in Q2 2024, driven by higher salary and benefit costs [5][11]