FFIN maintains a robust capital position with an equity-to-assets ratio of 0.13 as of 2026Q1, providing a solid buffer against potential regional economic volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 8.96B | 1.08B | 1.05B | 5.27B | 5.81B | 7.1B | 5.12B | 3.69B | 3.41B | 3.46B | 3.12B | 3.01B | 2.68B | 2.3B | 2.21B | 2.15B | 367.95M | 307.25M | 141.23M | 165.44M | 128.49M | 130.36M | 95M | 112.82M | 110.76M | 113.52M | 100.41M | 119.2M | 200.5M | 216.2M | 126.9M |
| Cash & Due from Banks | 723.05M | 1.08B | 763.41M | 536.59M | 330.68M | 528.59M | 729.08M | 279.45M | 250.1M | 373.81M | 255.06M | 272.57M | 261.71M | 240.5M | 395.7M | 312.01M | 367.95M | 307.25M | 141.23M | 165.44M | 128.49M | 130.36M | 95M | 112.82M | 110.76M | 113.52M | 100.41M | 119.2M | 200.5M | 216.2M | 126.9M |
| Short Term Investments | 197.89M | 0 | 288.99M | 4.73B | 5.47B | 6.57B | 4.39B | 3.41B | 3.16B | 3.09B | 2.86B | 2.73B | 2.42B | 2.06B | 1.82B | 1.84B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 8.4B | 5.51B | 12.44B | 11.81B | 11.85B | 11.94B | 9.58B | 7.58B | 7.08B | 6.54B | 6.2B | 6.04B | 5.32B | 4.71B | 3.87B | 3.6B | 3.21B | 2.77B | 2.81B | 2.64B | 1.49B | 2.32B | 2B | 1.89B | 1.73B | 1.65B | 1.5B | 1.44B | 1.4B | 1.35B | 1.08B |
| Investments Growth % | -94.96% | -55.68% | 5.37% | -0.38% | -0.7% | 24.58% | 26.34% | 7.08% | 8.3% | 5.49% | 2.59% | 13.64% | 12.8% | 21.69% | 7.69% | 12.22% | 15.81% | -1.4% | 6.37% | 77.49% | -35.91% | 15.73% | 6.28% | 9.34% | 4.47% | 9.82% | 4.09% | 3.44% | 3.54% | 25.43% | 16.15% |
| Long-Term Investments | 29.88B | 5.51B | 12.15B | 7.07B | 6.38B | 5.36B | 5.19B | 4.17B | 3.92B | 3.45B | 3.34B | 3.31B | 2.9B | 2.66B | 2.05B | 1.76B | 3.21B | 2.77B | 2.81B | 2.64B | 1.49B | 2.32B | 2B | 1.89B | 1.73B | 1.65B | 1.5B | 1.44B | 1.4B | 1.35B | 1.08B |
| Accounts Receivables | 0 | 8.05B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 313.61M | 313.65M | 314M | 314.62M | 315.53M | 316.78M | 318.39M | 173.67M | 174.68M | 141.14M | 143.6M | 144.45M | 97.36M | 97.48M | 71.97M | 72.12M | 72.52M | 63.15M | 64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 313.61M | 313.48M | 0 | 313.48M | 313.48M | 313.48M | 313.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 171K | 314M | 1.14M | 2.05M | 3.3M | 4.91M | 173.67M | 174.68M | 141.14M | 143.6M | 144.45M | 97.36M | 97.48M | 71.97M | 72.12M | 72.52M | 63.15M | 64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 150.99M | 149.99M | 151.9M | 151.79M | 152.97M | 149.76M | 142.27M | 131.02M | 133.42M | 124.03M | 122.69M | 115.71M | 103M | 95.5M | 84.12M | 76.48M | 70.16M | 64.36M | 65.67M | 61.67M | 59.47M | 60.09M | 49.74M | 43.9M | 40.6M | 42.01M | 40.09M | 41.6M | 42.9M | 43.9M | 34.5M |
| Other Assets | 5.8B | 308.01M | 309.33M | 295.52M | 322.52M | 170.83M | 133.26M | 94.07M | 90.76M | 75.72M | 89.2M | 89.44M | 68.67M | 74.76M | 76.34M | 62.69M | 60.25M | 76.88M | 134.45M | 138.94M | 1.11B | 155.04M | 125.22M | 24.89M | 91.87M | 98.22M | 91.17M | 97.9M | 24.9M | 24.7M | 25.3M |
| Total Current Assets | 920.95M | 9.16B | 1.05B | 5.27B | 5.81B | 7.1B | 5.12B | 3.69B | 3.41B | 3.46B | 3.12B | 3.01B | 2.68B | 2.3B | 2.21B | 2.15B | 367.95M | 307.25M | 141.23M | 165.44M | 128.49M | 130.36M | 95M | 112.82M | 110.76M | 113.52M | 100.41M | 119.2M | 200.5M | 216.2M | 126.9M |
| Total Non-Current Assets | 14.47B | 6.29B | 12.93B | 7.84B | 7.17B | 6B | 5.78B | 4.57B | 4.32B | 3.79B | 3.69B | 3.66B | 3.17B | 2.92B | 2.29B | 1.97B | 3.41B | 2.97B | 3.07B | 2.9B | 2.72B | 2.6B | 2.22B | 1.98B | 1.88B | 1.82B | 1.65B | 1.6B | 1.49B | 1.44B | 1.14B |
| Total Assets | 15.39B | 15.45B | 13.98B | 13.11B | 12.97B | 13.1B | 10.9B | 8.26B | 7.73B | 7.25B | 6.81B | 6.67B | 5.85B | 5.22B | 4.5B | 4.12B | 3.78B | 3.28B | 3.21B | 3.07B | 2.85B | 2.73B | 2.32B | 2.09B | 1.99B | 1.93B | 1.75B | 1.72B | 1.69B | 1.66B | 1.26B |
| Asset Growth % | 36.49% | 10.49% | 6.67% | 1.01% | -0.98% | 20.16% | 31.98% | 6.86% | 6.58% | 6.53% | 2.17% | 13.97% | 11.99% | 16% | 9.26% | 9.11% | 15.15% | 2.09% | 4.63% | 7.72% | 4.26% | 18.08% | 10.64% | 4.99% | 3.29% | 10.03% | 1.76% | 2.18% | 1.79% | 31.3% | 18.8% |
| Return on Assets (ROA) | 1.76% | 1.72% | 1.65% | 1.53% | 1.8% | 1.9% | 2.11% | 2.06% | 2.01% | 1.71% | 1.56% | 1.6% | 1.62% | 1.62% | 1.72% | 1.73% | 1.69% | 1.66% | 1.69% | 1.67% | 1.65% | 1.74% | 1.78% | 1.73% | 1.73% | 1.59% | 1.63% | 1.51% | 1.39% | 1.44% | 1.63% |
| Accounts Payable | 0 | 13.35B | 0 | 0 | 0 | 0 | 14.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 90.25M | 21.68M | 197.02M | 404.08M | 642.51M | 671.15M | 430.09M | 381.36M | 468.71M | 331M | 445.77M | 615.67M | 734.22M | 463.89M | 259.7M | 207.76M | 178.36M | 146.09M | 235.6M | 166.27M | 143.24M | 74.24M | 35.69M | 29M | 26.7M | 19.8M | 26.16M | 9.6M | 500K | 9.4M | 0 |
| Net Debt | -632.8M | -1.06B | -566.39M | -132.51M | 311.83M | 142.56M | -298.99M | 101.9M | 218.6M | -42.8M | 190.71M | 343.1M | 472.51M | 223.39M | -136M | -104.25M | -189.6M | -161.16M | 94.37M | 828.05K | 14.75M | -56.12M | -59.31M | -83.84M | -84.05M | -93.68M | -74.24M | -109.6M | -200M | -206.8M | -126.9M |
| Long-Term Debt | 21.06M | 0 | 121.05M | 21.05M | 21.05M | 21.05M | 0 | 0 | 55M | 0 | 75M | 299.02M | 1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7M | 0 |
| Short-Term Debt | 69.2M | 21.68M | 75.97M | 383.03M | 621.45M | 650.1M | 430.09M | 381.36M | 413.71M | 331M | 370.77M | 316.65M | 733.21M | 463.89M | 259.7M | 207.76M | 178.36M | 146.09M | 235.6M | 166.27M | 143.24M | 74.24M | 35.69M | 28.98M | 26.71M | 19.85M | 26.16M | 9.6M | 500K | 4.7M | 0 |
| Other Liabilities | 81.05M | 0 | 76.67M | 64.31M | 60.31M | 105.6M | 105.76M | 49.87M | 29.46M | 37.99M | 47.74M | 54.24M | -317.81M | 35.6M | 52.77M | 69.44M | 43.02M | 32.9M | 25.25M | 22.46M | 1.02B | 17.04M | 19.68M | 15.84M | 16.14M | 11.03M | 11.65M | 10.4M | 11.9M | 4.4M | 8.9M |
| Total Current Liabilities | 13.34B | 13.53B | 12.18B | 11.52B | 11.63B | 11.22B | 9.12B | 6.99B | 6.59B | 6.29B | 5.85B | 5.51B | 5.48B | 4.6B | 3.89B | 3.54B | 3.29B | 2.83B | 2.82B | 2.71B | 1.53B | 2.44B | 2.03B | 1.83B | 1.74B | 1.71B | 1.55B | 1.53B | 1.51B | 1.49B | 1.13B |
| Total Non-Current Liabilities | 102.11M | 0 | 197.72M | 85.37M | 81.37M | 126.65M | 105.76M | 49.87M | 84.46M | 37.99M | 122.74M | 353.26M | -316.8M | 35.6M | 52.77M | 69.44M | 43.02M | 32.9M | 25.25M | 22.46M | 1.02B | 17.04M | 19.68M | 15.84M | 16.14M | 11.03M | 11.65M | 10.4M | 11.9M | 9.1M | 8.9M |
| Total Liabilities | 13.44B | 13.53B | 12.37B | 11.61B | 11.71B | 11.34B | 9.23B | 7.04B | 6.68B | 6.33B | 5.97B | 5.86B | 5.17B | 4.63B | 3.95B | 3.61B | 3.33B | 2.86B | 2.84B | 2.73B | 2.55B | 2.46B | 2.05B | 1.84B | 1.75B | 1.72B | 1.56B | 1.54B | 1.52B | 1.5B | 1.13B |
| Total Equity | 1.94B | 1.92B | 1.61B | 1.5B | 1.27B | 1.76B | 1.68B | 1.23B | 1.05B | 922.77M | 837.88M | 804.99M | 681.54M | 587.65M | 556.96M | 508.54M | 441.69M | 415.7M | 368.78M | 335.5M | 300.9M | 276.28M | 265.55M | 251.49M | 238.77M | 213.65M | 196.12M | 178.7M | 169.4M | 154.5M | 131.2M |
| Equity Growth % | 59.51% | 19.34% | 7.18% | 18.42% | -28.05% | 4.83% | 36.75% | 16.51% | 14.15% | 10.13% | 4.09% | 18.11% | 15.98% | 5.51% | 9.52% | 15.13% | 6.25% | 12.72% | 9.92% | 11.5% | 8.91% | 4.04% | 5.59% | 5.33% | 11.75% | 8.94% | 9.75% | 5.49% | 9.64% | 17.76% | 14.19% |
| Equity / Assets (Capital Ratio) | 12.63% | 12.41% | 11.49% | 11.44% | 9.76% | 13.43% | 15.39% | 14.85% | 13.62% | 12.72% | 12.3% | 12.08% | 11.65% | 11.25% | 12.37% | 12.34% | 11.7% | 12.68% | 11.48% | 10.93% | 10.56% | 10.11% | 11.47% | 12.02% | 11.98% | 11.07% | 11.18% | 10.37% | 10.04% | 9.32% | 10.4% |
| Return on Equity (ROE) | 14.2% | 14.39% | 14.39% | 14.39% | 15.5% | 13.24% | 13.91% | 14.45% | 15.25% | 13.67% | 12.75% | 13.51% | 14.11% | 13.78% | 13.93% | 14.39% | 13.92% | 13.72% | 15.1% | 15.55% | 15.95% | 16.25% | 15.15% | 14.4% | 15.01% | 14.33% | 15.11% | 14.77% | 14.39% | 14.7% | 15.44% |
| Book Value per Share | 13.54 | 13.36 | 11.22 | 10.49 | 8.84 | 12.29 | 11.77 | 9.00 | 7.75 | 6.96 | 6.34 | 6.19 | 5.30 | 4.60 | 4.42 | 4.04 | 3.53 | 3.32 | 2.95 | 2.69 | 2.41 | 2.22 | 2.14 | 2.02 | 1.54 | 1.38 | 1.26 | 1.43 | 1.36 | 1.30 | 1.14 |
| Tangible BV per Share | 11.35 | 11.18 | 9.02 | 8.29 | 6.64 | 10.08 | 9.54 | 7.73 | 6.46 | 5.89 | 5.25 | 5.08 | 4.54 | 3.84 | 3.85 | 3.47 | 2.95 | 2.82 | 2.44 | 2.69 | 2.41 | 2.22 | 2.14 | 2.02 | 1.54 | 1.38 | 1.26 | 1.43 | 1.36 | 1.30 | 1.14 |
| Common Stock | 1.43M | 1.43M | 1.43M | 1.43M | 1.43M | 1.43M | 1.42M | 1.36M | 678K | 663K | 661K | 660K | 641K | 320K | 315K | 314K | 209K | 208K | 207.99K | 207.67K | 207.39K | 207.14M | 155.12M | 154.81M | 123.64M | 123.33M | 99.83M | 99.7M | 0 | 0 | 0 |
| Additional Paid-in Capital | 701.99M | 697.31M | 689.34M | 681.25M | 677.59M | 676.87M | 669.64M | 450.68M | 443.11M | 378.06M | 372.25M | 368.93M | 305.43M | 302.99M | 277.41M | 276.13M | 274.63M | 269.29M | 268.09M | 267.14M | 266.27M | 58.71M | 58.53M | 58.25M | 58.09M | 57.82M | 60.59M | 60.5M | 0 | 0 | 0 |
| Retained Earnings | 1.53B | 1.44B | 1.34B | 1.22B | 1.12B | 981.67M | 836.73M | 707.66M | 606.66M | 517.26M | 446.53M | 388.01M | 327.98M | 273.97M | 227.93M | 184.87M | 146.4M | 115.12M | 89.64M | 64.33M | 41M | 19.43M | 49.84M | 31.28M | 45.65M | 28.38M | 38M | 22.5M | 8M | 27.2M | 27.4M |
| Accumulated OCI | -290.06M | -221.53M | -424.29M | -403.3M | -535.23M | 99.25M | 170.4M | 67.51M | 2.85M | 26.79M | 18.45M | 47.4M | 47.49M | 10.36M | 51.31M | 47.23M | 20.45M | 31.08M | 10.85M | 6.99M | -3.67M | -6.42M | 4.36M | 7.15M | 11.39M | 4.12M | 1.62M | -4.1M | 1.5M | 400K | -300K |
| Treasury Stock | -14.64M | -13.98M | -12.9M | -11.86M | -11.04M | -10.09M | -9.13M | -8.22M | -7.51M | -7.15M | -6.67M | -6.3M | -5.88M | -5.49M | -5.01M | -4.6M | -4.21M | -3.83M | -3.5M | -3.17M | -2.91M | -2.59M | -2.29M | 0 | 0 | 0 | -3.92M | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Texas CRE concentration risk
As reported in recent financial statements, FFIN's total assets grew from 13.1 billion dollars in 2023Q4 to 15.4 billion dollars by 2026Q1, indicating a steady expansion of the balance sheet that appears to be driven by organic growth within its core Texas hub markets.
The consistent growth in total assets suggests that management is successfully leveraging its regional footprint to capture market share. Investors should monitor whether this expansion continues to be funded by core deposits or if the bank will eventually need to rely on more expensive wholesale funding sources.
Based on the provided quarterly data, FFIN's investment securities portfolio fluctuated significantly, peaking at 12.4 billion dollars in 2024Q4 before contracting to 8.4 billion dollars in 2026Q1, reflecting a dynamic approach to managing liquidity and interest rate sensitivity within the bank's investment book.
The reduction in the securities portfolio suggests a strategic pivot, potentially to free up liquidity or to reposition the balance sheet for a different interest rate environment. This active management of the investment book appears to be a key lever for maintaining the bank's stable net interest margin.
According to the latest regulatory filings, FFIN maintained an equity-to-assets ratio of approximately 0.12 to 0.13 throughout the 2024-2026 period, which suggests a robust capital position that provides a significant buffer against potential economic volatility in the bank's core Texas operating regions.
This capital adequacy level appears to support the bank's conservative credit culture and provides management with the flexibility to pursue organic growth or strategic acquisitions. The stability of this ratio indicates that capital generation is effectively keeping pace with the bank's asset growth.
As indicated by the recent shift in the securities portfolio composition, FFIN faces potential risks from unrealized losses in its investment book, which may impact tangible book value despite the bank's strong earnings performance as reported in recent quarterly financial disclosures.
While the bank's earnings remain strong, the sensitivity of the securities portfolio to interest rate fluctuations warrants further investigation by investors. The potential for these unrealized losses to constrain liquidity flexibility suggests that the balance sheet may be more vulnerable to rate-driven volatility than headline figures imply.
Quick answers to the most common questions about buying FFIN stock.
As of 2025, First Financial Bankshares, Inc. (FFIN) had total assets of $15.45B including $9.16B in current assets.
First Financial Bankshares, Inc. (FFIN) carries total debt of $21.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First Financial Bankshares, Inc. (FFIN) has total shareholders' equity (book value) of $1.92B ($13.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First Financial Bankshares, Inc. (FFIN) reported a current ratio of 0.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.