First Financial Bankshares, Inc. (FFIN) Balance Sheet
FFIN balance sheet, 2025
December 31, 2025 · U.S. dollars$15.45B assets = $13.53B liabilities + $1.92B equity
Both columns are drawn to the same scale: what FFIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FFIN financial health
Descriptive bands, not a rating. Fiscal 2025.
FFIN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.81B2016 | $15.45B2025 | +9.5%/yr | |
| Total liabilities | $5.97B2016 | $13.53B2025 | +9.5%/yr | |
| Shareholders’ equity | $837.9M2016 | $1.92B2025 | +9.6%/yr | |
| Cash & short-term investments | $3.12B2016 | $1.08B2025 | −11.1%/yr | |
| Total debt | $445.8M2016 | $21.7M2025 | −28.5%/yr | |
| Net cash (debt) | $2.67B2016 | $1.06B2025 | −$1.6B | |
| Working capital | $1.09B2016 | −$4.37B2025 | −$5.5B | |
| Book value per share | $6.342016 | $13.362025 | +8.6%/yr | |
| Debt / equity | 0.532016 | 0.012025 | −0.52 | |
| Shares outstanding | 132.2M2016 | 143.5M2025 | +0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FFIN assets
FFIN liabilities and equity
FFIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FFIN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.08B | $1.05B | $5.27B | $5.81B | $7.10B | $5.12B | $3.69B | $3.41B | $3.46B | $3.12B |
| Cash & equivalents | $1.08B | $763.4M | $536.6M | $330.7M | $528.6M | $729.1M | $279.5M | $250.1M | $373.8M | $255.1M |
| Short-term investments | $5.51B | $289.0M | $4.73B | $5.47B | $6.57B | $4.39B | $3.41B | $3.16B | $3.09B | $2.86B |
| Receivables | $8.05B | $0 | $0 | $0 | $0 | $0 | $4.19B | $3.92B | $3.45B | $3.34B |
| Inventory | $0 | $0 | $0 | $0 | $2.5M | $142,000 | $1.0M | $577,000 | $1.5M | $644,000 |
| Other current assets | $30.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $9.16B | $1.05B | $5.27B | $5.81B | $7.10B | $5.12B | $3.69B | $4.26B | $3.90B | $3.68B |
| Property, plant & equipment (net) | $150.0M | $151.9M | $151.8M | $153.0M | $149.8M | $142.3M | $131.0M | $133.4M | $124.0M | $122.7M |
| Goodwill & intangible assets | $313.7M | $314.0M | $314.6M | $315.5M | $316.8M | $318.4M | $345.2M | $174.7M | $141.1M | $143.6M |
| Long-term investments | $2.77B | $4.62B | $4.73B | $5.47B | $6.57B | $9.58B | $7.58B | $3.16B | $3.09B | $2.86B |
| Other non-current assets | $3.06B | $7.84B | $2.64B | $1.23B | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $15.45B | $13.98B | $13.11B | $12.97B | $13.10B | $10.90B | $8.26B | $7.73B | $7.25B | $6.81B |
| Liabilities | ||||||||||
| Accounts payable | $13.35B | — | — | $24.3M | $10.57B | $14.6M | $16.3M | $14.2M | $12.6M | $11.9M |
| Short-term debt | $21.7M | $76.0M | $383.0M | $621.5M | $650.1M | $430.1M | $381.4M | $468.7M | $331.0M | $445.8M |
| Deferred revenue | — | — | — | — | — | −$14.6M | — | — | — | — |
| Total current liabilities | $13.53B | $12.18B | $11.52B | $11.63B | $11.22B | $9.12B | $6.99B | $2.60B | $2.39B | $2.59B |
| Long-term debt | $21.1M | $121.1M | $21.1M | $642.5M | $671.2M | $430.1M | $381.4M | $468.7M | $331.0M | $445.8M |
| Other long-term liabilities | $0 | $76.7M | $64.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $13.53B | $12.37B | $11.61B | $11.71B | $11.34B | $9.23B | $7.04B | $6.68B | $6.33B | $5.97B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $678,000 | $663,000 | $661,000 |
| Retained earnings (deficit) | $1.44B | $1.34B | $1.22B | $1.12B | $981.7M | $836.7M | $707.7M | $606.7M | $517.3M | $446.5M |
| Treasury stock | — | — | — | — | — | — | −$8.2M | −$7.5M | −$7.1M | −$6.7M |
| Accumulated other comprehensive income | −$221.5M | −$424.3M | −$403.3M | −$535.2M | $99.3M | $170.4M | $67.5M | $2.8M | $26.8M | $18.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.92B | $1.61B | $1.50B | $1.27B | $1.76B | $1.68B | $1.23B | $1.05B | $922.8M | $837.9M |
| Key figures | ||||||||||
| Total debt | $21.7M | $197.0M | $404.1M | $642.5M | $671.2M | $430.1M | $381.4M | $468.7M | $331.0M | $445.8M |
| Net cash (debt) | $1.06B | $855.4M | $4.87B | $5.16B | $6.43B | $4.69B | $3.31B | $2.94B | $3.13B | $2.67B |
| Working capital | −$4.37B | −$11.12B | −$6.25B | −$5.82B | −$4.11B | −$4.00B | −$3.29B | $1.67B | $1.52B | $1.09B |
| Tangible book value | $1.60B | $1.29B | $1.18B | $950.2M | $1.44B | $1.36B | $882.0M | $878.6M | $781.6M | $694.3M |
| Book value per share | $13.36 | $11.22 | $10.49 | $8.84 | $12.29 | $11.77 | $9.00 | $7.75 | $6.96 | $6.34 |
| Shares outstanding | 143.5M | 143.2M | 142.9M | 143.2M | 143.1M | 142.5M | 136.3M | 136.0M | 132.6M | 132.2M |
| Current ratio | 0.68 | 0.09 | 0.46 | 0.50 | 0.63 | 0.56 | 0.53 | 1.64 | 1.64 | 1.42 |
| Quick ratio | 0.67 | 0.09 | 0.46 | 0.50 | 0.63 | 0.56 | 1.13 | 2.82 | 2.90 | 2.49 |
| Debt / equity | 0.01 | 0.12 | 0.27 | 0.51 | 0.38 | 0.26 | 0.31 | 0.44 | 0.36 | 0.53 |
| Equity / assets | 12.4% | 11.5% | 11.4% | 9.8% | 13.4% | 15.4% | 14.9% | 13.6% | 12.7% | 12.3% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $178.8M | $284.8M | $920.9M | $1.08B | $3.56B | $3.40B | $3.40B | $1.05B | $5.20B | $4.94B | $5.25B | $5.27B |
| Cash & equivalents | $178.8M | $284.8M | $723.1M | $1.08B | $639.0M | $699.6M | $915.3M | $763.4M | $583.7M | $366.6M | $587.9M | $536.6M |
| Short-term investments | — | $2.43B | $197.9M | $5.51B | $2.92B | $2.70B | $2.49B | $289.0M | $4.61B | $4.57B | $4.66B | $4.73B |
| Receivables | $0 | $0 | $0 | $8.05B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $30.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $178.8M | $284.8M | $920.9M | $9.16B | $3.56B | $3.40B | $3.40B | $1.05B | $5.20B | $4.94B | $5.25B | $5.27B |
| Property, plant & equipment (net) | $158.8M | $155.6M | $151.0M | $150.0M | $149.7M | $149.0M | $150.6M | $151.9M | $151.2M | $153.1M | $152.0M | $151.8M |
| Goodwill & intangible assets | $313.5M | $313.6M | $313.7M | $313.7M | $627.5M | $313.8M | $627.4M | $314.0M | $627.6M | $627.8M | $627.9M | $628.1M |
| Long-term investments | $0 | $2.43B | $197.9M | $2.77B | $2.92B | $2.70B | $2.49B | $4.62B | $4.61B | $4.57B | $4.66B | $4.73B |
| Other non-current assets | $14.51B | $12.12B | $13.80B | $3.06B | $7.58B | $7.82B | $7.65B | $7.84B | $3.00B | $2.87B | $2.51B | $2.32B |
| Total assets | $15.16B | $15.31B | $15.39B | $15.45B | $14.84B | $14.38B | $14.31B | $13.98B | $13.58B | $13.16B | $13.19B | $13.11B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | $13.35B | $0 | $25.0M | — | — | $5.4M | — | — | — |
| Short-term debt | $43.1M | $53.7M | $69.2M | $21.7M | $51.5M | $49.1M | $62.5M | $76.0M | $62.5M | $141.6M | $313.0M | $383.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$5.4M | — | — | — |
| Total current liabilities | $43.1M | $13.21B | $13.34B | $13.53B | $12.93B | $12.55B | $12.53B | $12.18B | $11.82B | $11.55B | $11.60B | $11.52B |
| Long-term debt | $0 | $21.1M | $21.1M | $21.1M | $21.1M | $21.1M | $21.1M | $121.1M | $21.1M | $21.1M | $21.1M | $21.1M |
| Other long-term liabilities | $0 | $76.3M | $81.1M | $0 | $65.1M | $68.7M | $81.5M | $76.7M | $75.9M | $73.2M | $75.9M | $64.3M |
| Total liabilities | $9.79B | $13.31B | $13.44B | $13.53B | $13.01B | $12.64B | $12.63B | $12.37B | $11.92B | $11.65B | $11.70B | $11.61B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
| Retained earnings (deficit) | — | $1.57B | $1.53B | $1.44B | $1.44B | $1.42B | $1.38B | $1.34B | $1.30B | $1.27B | $1.25B | $1.22B |
| Accumulated other comprehensive income | — | −$279.7M | −$290.1M | −$221.5M | −$308.6M | −$373.5M | −$388.9M | −$424.3M | −$329.8M | −$441.6M | −$441.2M | −$403.3M |
| Total shareholders' equity | $1.83B | $2.00B | $1.94B | $1.92B | $1.83B | $1.74B | $1.68B | $1.61B | $1.66B | $1.52B | $1.49B | $1.50B |
| Key figures | ||||||||||||
| Total debt | $64.9M | $75.5M | $90.3M | $21.7M | $72.6M | $70.2M | $83.6M | $197.0M | $83.5M | $162.7M | $334.1M | $404.1M |
| Net cash (debt) | $113.9M | $209.3M | $830.7M | $1.06B | $3.49B | $3.33B | $3.32B | $855.4M | $5.11B | $4.78B | $4.91B | $4.87B |
| Working capital | $135.7M | −$12.93B | −$12.42B | −$4.37B | −$9.36B | −$9.15B | −$9.13B | −$11.12B | −$6.63B | −$6.61B | −$6.36B | −$6.25B |
| Tangible book value | $1.52B | $1.68B | $1.63B | $1.60B | $1.20B | $1.42B | $1.05B | $1.29B | $1.03B | $891.2M | $863.4M | $870.8M |
| Book value per share | $12.75 | $13.90 | $13.54 | $13.36 | $12.76 | $12.20 | $11.72 | $11.22 | $11.61 | $10.62 | $10.43 | $10.49 |
| Shares outstanding | 143.7M | 143.7M | 143.6M | 143.5M | 143.5M | 142.4M | 143.4M | 143.2M | 143.2M | 143.1M | 143.0M | 142.9M |
| Current ratio | 4.15 | 0.02 | 0.07 | 0.68 | 0.28 | 0.27 | 0.27 | 0.09 | 0.44 | 0.43 | 0.45 | 0.46 |
| Quick ratio | 4.15 | 0.02 | 0.07 | 0.67 | 0.28 | 0.27 | 0.27 | 0.09 | 0.44 | 0.43 | 0.45 | 0.46 |
| Debt / equity | 0.04 | 0.04 | 0.05 | 0.01 | 0.04 | 0.04 | 0.05 | 0.12 | 0.05 | 0.11 | 0.22 | 0.27 |
| Equity / assets | 12.1% | 13.0% | 12.6% | 12.4% | 12.3% | 12.1% | 11.7% | 11.5% | 12.2% | 11.5% | 11.3% | 11.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
FFIN financial position
At the end of fiscal 2025 (December 31, 2025), First Financial Bankshares had total assets of $15.4 billion (up 10.5% from a year earlier), total liabilities of $13.5 billion and shareholders' equity of $1.9 billion. It held $1.1 billion in cash and short-term investments against $21.7 million of debt, a net cash position of $1.1 billion. Its current ratio was 0.68. In the latest quarter (ended September 30, 2026) total assets were $15.2 billion and equity $1.8 billion.
Related: FFIN income statement, FFIN cash flow statement, FFIN key metrics. See the FFIN stock overview for the latest quote and news.
FFIN balance sheet FAQ
What are First Financial Bankshares's total assets?
First Financial Bankshares reported total assets of $15.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $14.0 billion a year earlier.
How much debt does First Financial Bankshares have?
First Financial Bankshares had $21.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.01.
How much cash does First Financial Bankshares have?
First Financial Bankshares held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $21.7 million of debt that is net cash of $1.1 billion.
What is First Financial Bankshares's book value?
First Financial Bankshares's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $13.36 per share.
What is First Financial Bankshares's current ratio?
First Financial Bankshares had current assets of $9.2 billion and current liabilities of $13.5 billion, a current ratio of 0.68 (current liabilities exceed current assets).
How much goodwill does First Financial Bankshares have?
First Financial Bankshares carried $313.7 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2025.