First Financial Bankshares Q1 net income rises

First Financial Bankshares

16/04/2026 21:20

Overview

US regional bank's Q1 net income rose 17% yr/yr on higher net interest income

Q1 diluted EPS increased to $0.50 from $0.43 a year earlier

Company cites core balance sheet growth and lower funding costs for improved results

Outlook

Company did not provide specific guidance for the current or future quarters

Result Drivers

NET INTEREST INCOME - Higher net interest income and margin, aided by a $1.26 mln reversal of interest expense, contributed to improved results

NONINTEREST INCOME - Growth in trust fees from higher trust asset values and increased mortgage income from higher origination volume and better margins supported results

HIGHER OPERATING COSTS - Noninterest expenses rose, mainly due to increased staff costs and higher software and professional fees

Company press release: ID:nPnbNWtjPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
$134.79 mln
Q1 Credit Loss Provision
-$2.29 mln
Q1 Net Interest Margin
3.86%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for First Financial Bankshares Inc is $36.00, about 15.6% above its April 15 closing price of $31.14

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)