First Financial Bankshares (FFIN) AGM 2025 Presentation summary

Financial performance highlights

• Earnings remained strong, with 2024 net income at $199.0 million and EPS at $1.39, and 2025 Q1 earnings at $53.4 million with EPS of $0.37.

• Return on average assets consistently outperformed peers, reaching 1.26% in 2024.

• Net interest margin remained above peers, with 3.67% in Q1 2022 and 2.78% in Q4 2024.

• Efficiency ratio stayed significantly better than peers, at 47.23% in 2024.

• Capital ratios exceeded Basel III requirements, with Tier 1 Leverage at 12.49% and Total Capital at 20.00% by end of 2024.

Growth and asset trends

• Total assets grew to $14.3 billion as of March 31, 2025.

• Deposits increased to $12.5 billion, with a healthy mix of noninterest and interest-bearing accounts.

• Loans reached $7.96 billion by Q1 2025.

• Trust assets rose to $10.8 billion in 2024, with trust fees and net income also showing strong growth.

Risk management and asset quality

• Nonperforming assets as a percentage of loans and foreclosed assets remained below peer averages, at 0.80% in 2024.

• Sound lending practices and strong risk management contributed to stable asset quality.