First Financial Bankshares Inc reports results for the quarter ended in December - Earnings Summary

First Financial Bankshares

25/01/2024 22:20

* First Financial Bankshares Inc  FFIN.OQ  reported
quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 41 cents.  The mean expectation of
five analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 33 cents to 35
cents per share.
    * Revenue fell 9.9% to $119.49 million from a year ago;
analysts
expected $125.12 million. 
    * First Financial Bankshares Inc's reported EPS for the
quarter
was 32 cents​.
    * The company reported quarterly net income of $45.98
million.
    * First Financial Bankshares Inc shares had fallen by 1.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First Financial
Bankshares Inc is $30.00 
This summary was machine generated from LSEG data January 25 at
10:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.34           0.32           Missed
 Sep. 30 2023      0.36           0.35           Missed
 Jun. 30 2023      0.36           0.36           Met
 Mar. 31 2023      0.39           0.37           Missed