Monitor the trajectory of net interest margin and loan growth into Q4; the NIM expansion is the key driver. The large unrealized securities loss ($489.6M after-tax) bears watching for potential capital impact if rates rise further.
Price Chart
Executive Summary
First Financial Bankshares reported Q3 2026 EPS of $0.52, exactly in line with consensus of $0.52, and revenue of $174.1M (net interest income + noninterest income) vs. consensus of $178.6M, a slight miss. Net income rose 42% YoY to $74.3M, driven by NIM expansion to 3.91% and a sharp drop in provision for credit losses ($2.0M vs. $24.4M a year ago). The stock is unlikely to move materially given the in-line EPS and modest revenue miss, though the record net income and strong NIM trajectory provide a neutral-to-slightly-positive backdrop.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS $0.52 vs. consensus $0.52 (in-line)
- Net income $74.3M, up 42% YoY from $52.3M
- Net interest margin (tax-equivalent) 3.91%, up from 3.80% a year ago
- Revenue (net interest income + noninterest income) $174.1M vs. consensus $178.6M
- Provision for credit losses fell to $2.0M from $24.4M in Q3 2025 (prior year included a large fraud charge-off)
- Loans grew $191.9M (9.12% annualized) from linked quarter
- Nonperforming assets stable at 0.71% of loans
- Shareholders' equity declined to $1.83B from $2.00B at June 30 due to higher unrealized securities losses
Financial Impact
EPS in-line; revenue ~2.5% below consensus; net income +42% YoY; NIM +11bp YoY
Risk Factors
- Revenue slightly below consensus may pressure the stock near-term
- Unrealized securities losses grew to $489.6M after-tax, reducing tangible common equity ratio to 10.23% from 11.23%
- Classified loans increased to $294.5M from $253.0M a year ago, signaling potential credit deterioration
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302910462 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $29.94 | awaiting T+60 | — | $30.06 (+0.40%) |
Oct 15, 2026 11d ago | Press Release | $30.47 | awaiting T+60 | — | $30.06 (−1.35%) |
Aug 20, 2026 9w ago | Insider Cluster | $34.23 | awaiting T+60 | — | $30.06 (−12.18%) |
Aug 14, 2026 10w ago | Institutional Cluster | $35.28 | awaiting T+60 | — | $30.06 (−14.80%) |
Jul 31, 2026 12w ago | 8-K | $35.14 $30.00 | ▼ −14.63% | ▼ −17.08% | $30.06 (−14.46%) |
Jul 16, 2026 14w ago | Press Release | $35.32 $30.79 | ▲ +12.83% | ▲ +17.51% | $30.06 (+14.89%) |
Apr 30, 2026 25w ago | 8-K | $32.27 $34.44 | ▲ +6.72% | ▲ +3.62% | $30.06 (−6.85%) |
Apr 17, 2026 27w ago | 8-K | $32.64 $35.22 | ▲ +7.90% | ▲ +1.13% | $30.06 (−7.90%) |
Mar 6, 2026 33w ago | Insider Cluster | $29.89 $32.17 | ▲ +7.64% | ▼ −5.14% | $30.06 (+0.58%) |
Mar 6, 2026 33w ago | Insider Cluster | $29.89 $32.17 | ▲ +7.64% | ▼ −5.14% | $30.06 (+0.58%) |
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