ABILENE, Texas (AP) _ First Financial Bankshares Inc. (FFIN) on Thursday reported fourth-quarter net income of $55.3 million.

The Abilene, Texas-based bank said it had earnings of 39 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The commercial banker operating mostly in Texas posted revenue of $130.9 million in the period. Its revenue net of interest expense was $133.6 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $130.6 million.

For the year, the company reported profit of $227.6 million, or $1.59 per share. Revenue was reported as $527.2 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIN at https://www.zacks.com/ap/FFIN

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