FFIN News & Events

The Boards of Directors of First Financial has announced the promotion of David Bailey to CEO. The position was previously held by F. Scott Dueser, who will continue to serve as Executive Chairman of the Boards.

Reports Q4 net interest margin 3.81% vs. 3.67% last year. Tangible book value was $11.20 from $10.59 at previous quarter end. Common equity Tier 1 capital ratio was 19.99% vs. 19.10% in the previous quarter. "We are pleased to report a strong finish to 2025, highlighted by record quarterly net income. We are especially happy with the strong deposit growth during the quarter, which will set us up well to grow both loans and securities in 2026," said F. Scott Dueser, CEO. "We are encouraged by our organic balance sheet growth of almost $1.50B in the past year, increasing earning assets while continuing to grow net interest income. As we enter 2026, we will continue to remain focused on sound lending growth, managing the changing interest rate environment and the regulatory landscape. We appreciate the continued support of our customers, shareholders and associates and assure you that we will continue to put You First!"

"This quarter was impacted by a $21.55 million credit loss believed to be due to fraudulent activity associated with a commercial borrower. We have reviewed our portfolio to look for systemic issues and believe this to be isolated. We have initiated legal action and are continuing to work with law enforcement. Despite this setback, our core earnings trends remain positive, with year-to-date earnings growth of nearly 12 percent compared to 2024." said F. Scott Dueser, Chairman and CEO of First Financial Bankshares, Inc. "We are optimistic as we move into the final quarter of the year and will remain focused on liquidating the collateral of the loan and moving the bank forward with continued growth and profitability by keeping our customers, shareholders, and employees first."