First Financial Bankshares Q3 net income jumps on net interest margin expansion

First Financial Bankshares

15/10/2026 21:20

Overview
US regional bank's Q3 net income and EPS rose year-over-year
Credit loss provision fell sharply from prior year, which saw a large fraud-related charge-off

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
NET INTEREST MARGIN EXPANSION - Co said record net income was largely driven by continued expansion of net interest margin
WEALTH MANAGEMENT FEES - Growth in new accounts and higher mineral fee income linked to oil and gas prices boosted wealth management fee income
MORTGAGE INCOME DECLINE - Mortgage income fell as volume and margins were impacted by spike in long term rates

Company press release: ID:nPn72qvMza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.52
 
Q3 Net Interest Income
 
$138.51 mln
 
Q3 Credit Loss Provision
 
$2.03 mln
 
Q3 Net Interest Margin
 
3.91%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 16.5% above its October 14 closing price of $30.89
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
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Oct 14 - Home BancShares Q3 revenue rises on net interest income strength
Oct 14 - Equity Bancshares Q3 core EPS rises on loan growth, lifts dividend

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(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.)