First Financial Bankshares, Inc. reported a net earnings increase of 16.62% for the first quarter of 2026, reaching $71.54 million compared to $61.35 million in the same period last year. The diluted earnings per share rose to $0.50 from $0.43. The return on average assets improved to 1.89%, while the return on average equity was slightly lower at 14.83% compared to 15.12% in the previous year. The bank's net interest income also saw a significant rise, totaling $138.58 million, up from $121.49 million, primarily driven by an increase in average loans and investment securities.
The company's total assets decreased to $15.39 billion as of March 31, 2026, from $15.45 billion at the end of 2025. Total loans held-for-investment increased to $8.29 billion, reflecting a growth of $126.84 million from the previous quarter. The loan portfolio's composition included a rise in commercial loans by $75.44 million and real estate loans by $53.43 million. The allowance for credit losses stood at $107.92 million, representing 1.30% of total loans, slightly up from 1.27% a year earlier.
In terms of operational metrics, First Financial Bankshares maintained a strong deposit base, with total deposits at $13.25 billion, compared to $12.47 billion a year prior. The bank's noninterest income also increased to $32.10 million, driven by higher trust fees and mortgage-related income. However, service charges on deposit accounts saw a slight decline. Noninterest expenses rose to $76.77 million, attributed mainly to increased salaries and benefits, reflecting the bank's investment in its workforce.
Looking ahead, First Financial Bankshares remains focused on strategic growth, including potential acquisitions and geographic expansion. The company has extended its stock repurchase program, allowing for the buyback of up to 5 million shares through July 2026. Management expressed confidence in maintaining a strong capital position, with total shareholders' equity at $1.94 billion, or 12.63% of total assets, and plans to continue paying dividends in line with its policy of distributing approximately 40% to 50% of annual net earnings.
About FIRST FINANCIAL BANKSHARES INC
First Financial Bankshares, Inc. is a Texas-based financial holding company operating through its subsidiaries, primarily First Financial Bank. It offers full-service commercial banking, including loans, deposits, and treasury services, along with trust and wealth management. Focused on Texas communities, it emphasizes local decision-making, community involvement, and organic growth through branches and acquisitions, serving small to mid-sized markets with a competitive, relationship-driven business model.
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