First Financial Bankshares Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced interest income of $57,979,000 compared to $59,047,000 for the same period a year ago. Net interest income was $56,536,000 compared to $58,001,000 for the same period a year ago. Net interest income after provision for loan losses was $54,543,000 compared to $53,824,000 for the same period a year ago. Net income before income taxes was $34,274,000 compared to $32,762,000 for the same period a year ago. Net income was $26,666,000 compared to $25,192,000 for the same period a year ago. Net income per common share, basic and diluted was $0.40 compared to $0.38 for the same period a year ago. Book value per share was $12.68 compared to $12.20 for the same period a year ago. Return on average assets was 1.59% compared to 1.53% for the same period a year ago. Return on average equity was 12.44% compared to 12.54% for the same period a year ago.

For the full year, the company announced interest income of $232,288,000 compared to $221,623,000 for the same period a year ago. Net interest income was $226,837,000 compared to $217,535,000 for the same period a year ago. Net interest income after provision for loan losses was $216,625,000 compared to $207,850,000 for the same period a year ago. Net income before income taxes was $135,927,000 compared to $131,818,000 for the same period a year ago. Net income was $104,774,000 compared to $100,381,000 for the same period a year ago. Net income per common share, basic and diluted was $1.59 compared to $1.54 per diluted share for the same period a year ago. Return on average assets was 1.59% compared to 1.61% for the same period a year ago. Return on average equity was 12.36% compared to 13.60% for the same period a year ago.

For the fourth quarter ended December 31, 2016, the company announced net charge-offs of $1,512,000 compared to $2,720,000 for the same period a year ago.