First Financial Bankshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
January 26, 2024 at 02:35 am IST
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First Financial Bankshares, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 97.51 million compared to USD 104.04 million a year ago. Net income was USD 45.98 million compared to USD 58.67 million a year ago.
Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.41 a year ago.
First Financial Bankshares, Inc. is a financial holding company. The Company, through its subsidiaries, conducts a full-service commercial banking business. Its subsidiary bank, First Financial Bank, N.A., provides general commercial banking services, which include accepting and holding checking, savings, and time deposits, making loans, offering automated teller machines (ATMs), drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and other customary commercial banking services. It also provides trust and wealth management activities through its trust company, First Financial Trust & Asset Management Company, N.A. Through its trust company, it offers personal trust services, which include wealth management, the administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts. Its loan portfolio consists of professionals, individuals, and others.