First Financial Bankshares, Inc. (FFIN) Income Statement
FFIN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFFIN revenue and net income
Where FFIN's revenue goes
2025Each bar shows an amount and its share of revenue. FFIN kept 30.7% of revenue as net income.
FFIN profit margins
FFIN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.7% | +14.4% | +10.9% | +11.1% |
| Gross profit | +13.4% | +5.7% | +5.3% | +8.0% |
| Operating income | +13.9% | +3.3% | +5.0% | +8.9% |
| Net income | +13.5% | +2.6% | +4.7% | +9.7% |
| EPS (diluted) | +20.4% | +2.8% | +4.7% | +8.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FFIN quarterly EPS vs estimates
First Financial Bankshares beat the analyst EPS estimate in 7 of the last 8 quarters.
FFIN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $825.8M | $739.2M | $634.5M | $551.3M | $505.6M | $491.9M | $417.1M | $383.4M | $328.7M | $309.2M |
| Cost of revenue | $232.7M | $216.0M | $3.1M | $48.9M | $4.9M | $33.8M | $33.1M | $24.6M | $15.8M | $15.7M |
| Gross profit | $593.1M | $523.2M | $634.5M | $502.4M | $500.7M | $458.2M | $384.0M | $358.8M | $312.9M | $293.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $214.6M | $165.6M | $147.8M | $143.2M | $150.6M | $141.2M | $121.7M | $114.4M | $102.6M | $98.5M |
| Total operating expenses | $283.5M | $251.4M | $243.3M | $221.5M | $228.8M | $215.8M | $186.0M | $180.6M | $165.7M | $157.6M |
| Operating income | $309.6M | $271.8M | $243.3M | $280.9M | $272.0M | $242.4M | $198.0M | $178.2M | $147.2M | $135.9M |
| Interest income | $706.1M | $631.9M | $530.1M | $435.7M | $380.4M | $365.0M | $319.2M | $291.7M | $246.0M | $232.3M |
| Interest expense | $201.6M | $202.2M | $144.3M | $31.4M | $6.0M | $14.2M | $30.1M | $18.9M | $9.3M | $5.5M |
| Income before taxes | $309.6M | $271.8M | $243.3M | $280.9M | $272.0M | $242.4M | $198.0M | $178.2M | $147.2M | $135.9M |
| Income taxes | $56.0M | $48.3M | $44.3M | $46.4M | $44.4M | $40.3M | $33.2M | $27.5M | $26.8M | $31.2M |
| Net income | $253.6M | $223.5M | $199.0M | $234.5M | $227.6M | $202.0M | $164.8M | $150.6M | $120.4M | $104.8M |
| EBITDA | $323.3M | $285.3M | $243.3M | $293.6M | $285.0M | $255.2M | $209.7M | $190.7M | $160.1M | $147.5M |
| EPS (diluted) | $1.77 | $1.47 | $1.40 | $1.63 | $1.59 | $1.41 | $1.22 | $1.10 | $0.85 | $0.81 |
| Gross margin | 71.8% | 70.8% | 100.0% | 91.1% | 99.0% | 93.1% | 92.1% | 93.6% | 95.2% | 94.9% |
| Operating margin | 37.5% | 36.8% | 38.3% | 51.0% | 53.8% | 49.3% | 47.5% | 46.5% | 44.8% | 44.0% |
| Net margin | 30.7% | 30.2% | 31.4% | 42.5% | 45.0% | 41.1% | 39.5% | 39.3% | 36.6% | 33.9% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $224.7M | $221.8M | $215.0M | $216.2M | $210.2M | $205.7M | $193.7M | $193.3M | $188.8M | $181.5M | $175.6M | $160.8M |
| Cost of revenue | $52.6M | $53.2M | $50.4M | $51.5M | $77.1M | $52.2M | $51.8M | $50.7M | $59.0M | $56.3M | $50.1M | $44.7M |
| Gross profit | $172.1M | $168.6M | $164.6M | $164.7M | $133.1M | $153.5M | $141.8M | $142.6M | $129.9M | $125.2M | $125.5M | $116.1M |
| Sales, general & admin | $54.0M | $55.6M | $51.8M | $76.9M | $45.8M | $45.8M | $45.4M | $44.6M | $40.5M | $40.4M | $40.1M | $40.0M |
| Total operating expenses | $81.1M | $81.1M | $76.8M | $75.2M | $69.9M | $71.7M | $66.7M | $66.7M | $62.5M | $61.5M | $60.6M | $60.1M |
| Operating income | $91.1M | $87.5M | $87.8M | $89.6M | $63.2M | $81.7M | $75.2M | $76.0M | $67.1M | $63.6M | $64.9M | $56.0M |
| Interest income | — | $186.0M | $182.9M | $183.4M | $181.4M | $173.6M | $167.7M | $166.2M | $161.3M | $154.3M | $150.1M | $142.7M |
| Interest expense | $50.5M | $49.0M | $48.2M | $51.5M | $52.7M | $49.1M | $48.3M | $49.7M | $52.8M | $50.4M | $49.3M | $44.7M |
| Income before taxes | $91.1M | $87.5M | $87.8M | $89.6M | $63.2M | $81.7M | $75.2M | $76.0M | $67.3M | $63.6M | $64.9M | $56.0M |
| Income taxes | $16.7M | $15.6M | $16.3M | $16.2M | $10.9M | $15.1M | $13.8M | $13.7M | $12.0M | $11.2M | $11.5M | $10.0M |
| Net income | $74.3M | $71.9M | $71.5M | $73.3M | $52.3M | $66.7M | $61.3M | $62.3M | $55.3M | $52.5M | $53.4M | $46.0M |
| EBITDA | $91.1M | $91.0M | $91.4M | $89.6M | $67.0M | $84.7M | $78.7M | $79.5M | $70.8M | $66.9M | $68.1M | $59.3M |
| EPS (diluted) | $0.52 | $0.50 | $0.50 | $0.51 | $0.36 | $0.47 | $0.43 | $0.43 | $0.39 | $0.37 | $0.28 | $0.32 |
| Gross margin | 76.6% | 76.0% | 76.5% | 76.2% | 63.3% | 74.6% | 73.2% | 73.8% | 68.8% | 69.0% | 71.5% | 72.2% |
| Operating margin | 40.5% | 39.4% | 40.8% | 41.4% | 30.0% | 39.7% | 38.8% | 39.3% | 35.5% | 35.1% | 37.0% | 34.8% |
| Net margin | 33.1% | 32.4% | 33.3% | 33.9% | 24.9% | 32.4% | 31.7% | 32.2% | 29.3% | 28.9% | 30.4% | 28.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FFIN's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FFIN financial results
In fiscal year 2025 (ended December 31, 2025), First Financial Bankshares reported revenue of $825.8 million, up 11.7% from the year before. It had net income of $253.6 million (up 13.5%), a net profit margin of 30.7%. Diluted earnings per share came to $1.77. Over five years revenue grew at an average rate of 10.9% a year.
See the FFIN stock overview for the latest quote and news, or the FFIN chart for price history and technical indicators.
FFIN income statement FAQ
What is First Financial Bankshares's annual revenue?
First Financial Bankshares reported total revenue of $825.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.7% from $739.2 million the previous year.
Is First Financial Bankshares profitable?
Yes. First Financial Bankshares reported net income of $253.6 million in fiscal 2025, a net profit margin of 30.7%; its operating margin was 37.5%.
What is First Financial Bankshares's gross margin?
First Financial Bankshares's gross margin was 71.8% in fiscal 2025: for every $100 of revenue, First Financial Bankshares kept $72 after the direct cost of its products and services.
How fast is First Financial Bankshares growing?
Revenue grew 10.9% a year on average over the last five fiscal years, from $491.9 million to $825.8 million.
What are First Financial Bankshares's earnings per share?
First Financial Bankshares earned $1.77 per diluted share in fiscal 2025, compared with $1.47 a year earlier.
When does First Financial Bankshares's fiscal year end?
First Financial Bankshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.