AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 2026 net earnings of $71.9M (+7.9% YoY) driven by 10.9% growth in tax-equivalent net interest income and improved net interest margin to 3.90%.
Biggest Revenue Drivers
Net Interest Income (tax-equivalent)$140.7M+11.1% YoY
Increase in average loans and taxable/tax-exempt investment securities, net of increased interest-bearing liability costs.
Noninterest Income$35.8M+9.1% YoY
Wealth management fees up $1.2M, mortgage income up $553K, and other noninterest income up $1.3M from supplemental executive retirement plan fair value gains.
Biggest Revenue Drivers
Total revenue: $172.8M+11.6% YoY
Net Interest Income (tax-equivalent)$140.7M+11.1% YoY
Increase in average loans and taxable/tax-exempt investment securities, net of increased interest-bearing liability costs.
Noninterest Income$35.8M+9.1% YoY
Wealth management fees up $1.2M, mortgage income up $553K, and other noninterest income up $1.3M from supplemental executive retirement plan fair value gains.
Largest Expense Items
Salaries, commissions and employee benefits$49.7M+16.6% YoY
Merit-based and market-driven pay increases effective March 1st, profit sharing and incentive accruals from earnings growth, deferred compensation changes.
Software amortization and expense$5.1M+25.7% YoY
Increased technology investments and software licensing costs.
Margins: Tax-equivalent net interest margin expanded 9 basis points YoY to 3.90%, driven by strong deposit growth enabling deployment into higher-yielding loans and securities, reduced deposit costs, and reinvestment of lower-yielding security cash flows into higher-yielding bonds.
Watch Items from the Filing
Nonaccrual loans and foreclosed assets totaled $67.0M (0.80% of loans and foreclosed assets) at June 30, 2026, up from $56.5M (0.69%) at December 31, 2025, indicating deteriorating credit quality.
Available-for-sale securities portfolio carries $354.4M in unrealized losses before taxes as of June 30, 2026 (up from $342.0M at December 31, 2025), driven by 47 basis point increase in 5-year Treasury rates.
Commercial real estate loans represent 23.7% of total loan portfolio ($1.98B), concentrated in industrial/manufacturing (18.5%) and multi-tenant retail (7.9%), exposed to rate reset risk.
Efficiency ratio increased to 45.94% in Q2 2026 from 44.97% in Q2 2025, indicating rising expense pressures offsetting revenue gains.
Company maintains strong regulatory capital with total capital ratio of 21.62% and Tier 1 leverage ratio of 12.88% as of June 30, 2026, well above Basel III minimums.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
2 transactions in FFIN reported by 1 member of Congress under the STOCK Act, most recent trade Jun 17, 2025. Reported transactions, not recommendations.
About FIRST FINANCIAL BANKSHARES INC (FFIN): stock profile, AI score and financials
FIRST FINANCIAL BANKSHARES INC (FFIN) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FFIN at 66.3/100 on a composite quality score built from its SEC filings, placing it at rank #418 of 2,925 stocks — the top 25% of the AI-ranked universe. FFIN scores in the top quartile across profitability (94.8), free cash flow (94.8). Based on the latest XBRL financial filings (Q2 2026), FIRST FINANCIAL BANKSHARES INC reports quarterly revenue of $172.8M, net income of $71.9M, an operating margin of 50.6%. Top institutional holders of FFIN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. FFIN trades on the Nasdaq exchange and files with the SEC under CIK 36029. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FFIN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST FINANCIAL BANKSHARES INC directly from SEC EDGAR.