FFIN Stock Analysis: First Financial Bankshares | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 4.608m USD | 12M Return: -2.3% | US32020R1095 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.5M
EPS Trend: 87.8%
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Financial Bankshares, Inc. (NASDAQ: FFIN) is a Texas-based bank holding company that, through its subsidiaries, provides a full range of commercial banking services to customers in the United States. Founded in 1890 and headquartered in Abilene, Texas, the company offers deposit products, consumer and commercial loans, digital and mobile banking, ATM services, and securities brokerage.
Beyond traditional banking, the company operates a substantial personal trust and wealth management division that handles estates, oil and gas assets, farm and ranch properties, property management, and various trust and agency accounts. Its lending portfolio spans commercial and industrial, agricultural, construction, residential, consumer, and both owner- and non-owner-occupied commercial real estate loans, and it also provides advisory services in areas such as lending, investing, and technology.
As a regional bank, FFIN primarily serves Texas markets, a geographic focus that has historically benefited from strong population growth and a diversified state economy. Diversified fee-generating businesses such as trust services and brokerage are a common strategy among U.S. regional banks seeking to reduce reliance on net interest margin and support more stable revenue streams.
- Texas in-migration fuels loan and deposit growth
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan portfolio pressures credit quality
| Net Income: 269.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.08 > 1.0 |
| NWC/Revenue: -1.50k% < 20% (prev -1.17k%; Δ -326.2% < -1%) |
| CFO/TA 0.02 > 3% & CFO 343.7m > Net Income 269.0m |
| Net Debt (-209.3m) to EBITDA (342.3m): -0.61 < 3 |
| Current Ratio: 0.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (143.7m) vs 12m ago 0.93% < -2% |
| Gross Margin: 73.09% > 18% (prev 72.65%; Δ 0.44% > 0.5%) |
| Asset Turnover: 5.82% > 50% (prev 5.44%; Δ 0.38% > 0%) |
| Interest Coverage Ratio: 1.63 > 6 (EBIT TTM 328.0m / Interest Expense TTM 201.4m) |
| A: -0.84 (Total Current Assets 284.8m - Total Current Liabilities 13.2b) / Total Assets 15.3b |
| B: 0.10 (Retained Earnings 1.57b / Total Assets 15.3b) |
| C: 0.02 (EBIT TTM 328.0m / Avg Total Assets 14.8b) |
| D: 0.15 (Book Value of Equity 2.00b / Total Liabilities 13.3b) |
| Altman-Z'' = -4.90 = D |
As of October 06, 2026, the stock is trading at USD 32.03 with a total of 1,009,610 shares traded. Over the past week, the price has changed by -0.06%, over one month by -2.62%, over three months by -7.21% and over the past year by -2.27%.
Current recommended Stop Loss: 30.80 (which is 3.8% or 1.9 ATR below the current price).
First Financial Bankshares has received a consensus analysts rating of 3.29. Therefore, it is recommended to hold FFIN.
- StrongBuy: 1
- Buy: 0
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.3 | 13.3% |
P/E Trailing = 17.0106
P/E Forward = 24.57
P/S = 7.2316
P/B = 2.2925
P/EG = 2.55
Revenue TTM = 863.3m USD
EBIT TTM = 328.0m USD
EBITDA TTM = 342.3m USD
Long Term Debt = 21.1m USD (from longTermDebt, last quarter)
Short Term Debt = 53.7m USD (from shortTermDebt, last quarter)
Debt = 75.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -209.3m USD (calculated: Debt 75.5m - CCE 284.8m)
Enterprise Value = 4.40b USD (4.61b + Debt 75.5m - CCE 284.8m)
Interest Coverage Ratio = 1.63 (Ebit TTM 328.0m / Interest Expense TTM 201.4m)
EV/FCF = 13.65x (Enterprise Value 4.40b / FCF TTM 322.2m)
FCF Yield = 7.33% (FCF TTM 322.2m / Enterprise Value 4.40b)
FCF Margin = 37.33% (FCF TTM 322.2m / Revenue TTM 863.3m)
Net Margin = 31.16% (Net Income TTM 269.0m / Revenue TTM 863.3m)
Gross Margin = 73.09% ((Revenue TTM 863.3m - Cost of Revenue TTM 232.3m) / Revenue TTM)
Gross Margin QoQ = 76.00% (prev 76.54%)
Tobins Q-Ratio = 0.29 (Enterprise Value 4.40b / Total Assets 15.3b)
Interest Expense / Debt = 266.8% (Interest Expense 201.4m / Debt 75.5m)
Taxrate = 17.99% (59.0m / 328.0m)
NOPAT = 269.0m (EBIT 328.0m * (1 - 17.99%))
Current Ratio = 0.02 (Total Current Assets 284.8m / Total Current Liabilities 13.2b)
Debt / Equity = 0.04 (Debt 75.5m / totalStockholderEquity, last quarter 2.00b)
Debt / EBITDA = -0.61 (Net Debt -209.3m / EBITDA 342.3m)
Debt / FCF = -0.65 (Net Debt -209.3m / FCF TTM 322.2m)
Total Stockholder Equity = 1.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.81% (Net Income 269.0m / Total Assets 15.3b)
RoE = 14.00% (Net Income TTM 269.0m / Total Stockholder Equity 1.92b)
RoCE = 16.88% (EBIT 328.0m / Capital Employed (Equity 1.92b + L.T.Debt 21.1m))
RoIC = 12.78% (NOPAT 269.0m / Invested Capital 2.10b)
WACC = 8.10% (E(4.61b)/V(4.68b) * Re(8.23%) + (debt cost/tax rate unavailable))
Discount Rate = 8.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 53.29 | Cagr: 0.21%
[DCF] Terminal Value 76.75% ; FCFF base≈309.6m ; Y1≈338.7m ; Y5≈425.8m
[DCF] Fair Price = 46.87 (EV 6.51b - Net Debt -209.3m = Equity 6.72b / Shares 143.3m; r=8.35% [WACC [floored]]; 5y FCF grow 10.82% → 2.50% )
EPS Correlation: 87.77 | EPS CAGR: 13.58% | SUE: 0.0 | # QB: 0
Revenue Correlation: 99.42 | Revenue CAGR: 14.15% | SUE: 0.77 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.52 | Chg30d=-0.11% | Revisions=+40% | Analysts=7
EPS current Year (2026-12-31): EPS=2.05 | Chg30d=-0.01% | Revisions=+40% | GrowthEPS=+15.6% | GrowthRev=+9.5%
EPS next Year (2027-12-31): EPS=2.16 | Chg30d=-0.20% | Revisions=+29% | GrowthEPS=+5.4% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +55% (up=7, down=1)