First Financial Bankshares (FFIN) Q3 2025 earnings summary

Executive summary

• Q3 2025 unaudited results showed continued growth, though net income fell to $52.27 million due to a $21.55 million fraud-related credit loss; year-to-date net income rose nearly 12% to $180.27 million, with diluted EPS at $1.26.

• Recognized as one of America's best banks by Forbes in 2025.

• Operates as a $14.8 billion financial holding company with a diverse Texas footprint and a 135-year history.

Financial highlights

• Total assets reached $14.84 billion and total deposits $12.85 billion as of September 30, 2025.

• Loans increased to $8.27 billion, with loan and deposit growth continuing year-over-year.

• Net interest income for Q3 2025 was $127.00 million, with net interest margin at 3.80%.

• Noninterest income for Q3 2025 was $34.26 million, driven by trust and mortgage-related income.

• Efficiency ratio improved to 44.74% for Q3 2025.

Outlook and guidance

• Management expects continued growth in earnings and maintains current dividend policy, while noting risks from competition, interest rate changes, and economic conditions.

• Management remains optimistic for the final quarter, focusing on collateral liquidation and growth.