The record earnings and NIM expansion confirm the bank's strong positioning in a higher-rate environment. Watch for continued loan growth trajectory and whether the rising classified loans trend (up 16.4% YoY) leads to higher provisioning in coming quarters.
Price Chart
Executive Summary
First Financial Bankshares reported record Q3 2026 net income of $74.31M, with diluted EPS of $0.52 matching consensus. Net interest margin expanded to 3.91% from 3.80% a year ago, driving a 9.0% YoY increase in net interest income. Loan growth remained solid at 9.12% annualized, while credit quality stayed benign with net charge-offs of only 0.04% of loans.
Key Financial Metrics
Key Facts
- Record quarterly net income of $74.31M, up 42.2% YoY from $52.27M in Q3 2025
- Diluted EPS of $0.52 matched consensus estimate of $0.52
- Net interest margin expanded to 3.91% from 3.80% in Q3 2025 and 3.90% in Q2 2026
- Net interest income of $138.51M, up 9.0% YoY from $127.00M
- Loans grew $191.86M or 9.12% annualized during Q3 2026
- Net charge-offs of only $935K or 0.04% annualized of average loans
- Allowance for credit losses increased to 1.33% of loans from 1.29% a year ago
- Nonperforming assets remained stable at 0.71% of loans and foreclosed assets
- Dividend increased to $0.22 per share from $0.19 in Q3 2025
- Classified loans increased to $294.49M from $252.96M a year ago
Financial Impact
Record earnings driven by NIM expansion; net income up $22.04M YoY to $74.31M vs $52.27M
Risk Factors
- Classified loans increased to $294.49M from $252.96M a year ago, up 16.4%
- Unrealized losses on securities portfolio grew to $489.55M from $308.58M a year ago due to higher long-term rates
- Noninterest expense rose 10.0% YoY, outpacing noninterest income growth of 4.0%
- Shareholders' equity declined $164.3M from Q2 2026 due to securities portfolio mark-to-market losses
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-424085 |
| Document: ffin-20261015.htm | 0001193125-26-424085 |
| Document: 0001193125-26-424085-index-headers.html | 0001193125-26-424085 |
| Document: 0001193125-26-424085-index.html | 0001193125-26-424085 |
| Document: 0001193125-26-424085.txt | 0001193125-26-424085 |
| 8-K Data (Synthetic) | 0001193125-26-424085 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $29.94 | awaiting T+60 | — | $30.09 (+0.50%) |
Oct 15, 2026 11d ago | Press Release | $30.47 | awaiting T+60 | — | $30.09 (−1.25%) |
Aug 20, 2026 9w ago | Insider Cluster | $34.23 | awaiting T+60 | — | $30.09 (−12.09%) |
Aug 14, 2026 10w ago | Institutional Cluster | $35.28 | awaiting T+60 | — | $30.09 (−14.71%) |
Jul 31, 2026 12w ago | 8-K | $35.14 $30.00 | ▼ −14.63% | ▼ −17.08% | $30.09 (−14.37%) |
Jul 16, 2026 14w ago | Press Release | $35.32 $30.79 | ▲ +12.83% | ▲ +17.51% | $30.09 (+14.81%) |
Apr 30, 2026 25w ago | 8-K | $32.27 $34.44 | ▲ +6.72% | ▲ +3.62% | $30.09 (−6.76%) |
Apr 17, 2026 27w ago | 8-K | $32.64 $35.22 | ▲ +7.90% | ▲ +1.13% | $30.09 (−7.81%) |
Mar 6, 2026 33w ago | Insider Cluster | $29.89 $32.17 | ▲ +7.64% | ▼ −5.14% | $30.09 (+0.68%) |
Mar 6, 2026 33w ago | Insider Cluster | $29.89 $32.17 | ▲ +7.64% | ▼ −5.14% | $30.09 (+0.68%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers