FIRST FINANCIAL BANKSHARES ANNOUNCES FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2025 EARNINGS

Core Insights - First Financial Bankshares, Inc. reported a strong financial performance for the fourth quarter of 2025, with net income reaching $73.31 million, a significant increase from $52.27 million in the previous quarter and $62.32 million in the same quarter of the previous year [1][2][3] Financial Performance - For the year ended December 31, 2025, net income was $253.58 million, or $1.77 per diluted share, reflecting a 13.45% increase from $223.51 million, or $1.56 per diluted share, in 2024 [2] - The diluted earnings per share for the fourth quarter of 2025 were $0.51, compared to $0.36 in the third quarter of 2025 and $0.43 in the fourth quarter of 2024 [1][2] Net Interest Income and Margin - Net interest income for the fourth quarter of 2025 was $131.37 million, up from $127.00 million in the third quarter of 2025 and $116.12 million in the fourth quarter of 2024 [3] - The net interest margin on a tax-equivalent basis was 3.81% for the fourth quarter of 2025, slightly up from 3.80% in the previous quarter and 3.67% in the same quarter of the previous year [3] Asset and Loan Growth - Total assets as of December 31, 2025, were $15.45 billion, an increase from $13.98 billion at the end of 2024 [8] - Loans totaled $8.16 billion at December 31, 2025, compared to $7.91 billion at the end of 2024, marking a growth of $245.18 million, or 3.10% [8] Deposit Growth - Deposits and repurchase agreements reached $13.41 billion at December 31, 2025, up from $12.16 billion at the end of 2024, reflecting a growth of $1.25 billion, or 10.26% [8] Credit Quality - The company recorded a credit provision reversal of $2.49 million for the fourth quarter of 2025, compared to a provision for credit losses of $24.44 million in the third quarter of 2025 [4] - Nonperforming assets as a percentage of loans and foreclosed assets were 0.69% as of December 31, 2025, down from 0.80% at the end of 2024 [6] Noninterest Income and Expenses - Noninterest income for the fourth quarter of 2025 was $33.35 million, an increase from $30.98 million in the fourth quarter of 2024 [7] - Noninterest expense for the fourth quarter of 2025 totaled $77.65 million, compared to $70.10 million in the same quarter of the previous year [7] Shareholder Equity - Shareholders' equity was $1.92 billion as of December 31, 2025, up from $1.61 billion at the end of 2024, driven by growth in retained earnings [9]