FFIN FY 2024 Earnings Report — First Financial Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

First Financial Bankshares, Inc.FFIN

FY 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$739M	—	$622M	—	18.8%
Op. Income	$272M	—	$243M	—	11.7%
Gross Margin	70.8%	—	75.1%	—	-4.3pp
Net Margin	30.2%	—	32.0%	—	-1.7pp
EPS (Diluted)	$1.56	—	$1.39	—	12.2%
Free Cash Flow	$293M	—	$268M	—	9.5%

Revenue Flow

Item	Amount
REVENUE	$739M
Cost of Revenue	$216M
GROSS PROFIT	$523M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$163M
SG&A Expenses	$166M
Other Expenses	$86M
Operating Expenses	$251M
Cost & Expenses	$467M
OPERATING INCOME	$272M
Interest Income	$632M
Interest Expense	$202M
Other Income/Expenses	$0
INCOME BEFORE TAX	$272M
Income Tax Expense	$48M
Net Income from Continuing Ops	$224M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$224M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$224M
D&A	$13M
EBIT	$271M
EBITDA	$285M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$739M
Cost of Revenue	$216M
GROSS PROFIT	$523M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$163M
SG&A Expenses	$166M
Other Expenses	$86M
Operating Expenses	$251M
Cost & Expenses	$467M
OPERATING INCOME	$272M
Interest Income	$632M
Interest Expense	$202M
Other Income/Expenses	$0
INCOME BEFORE TAX	$272M
Income Tax Expense	$48M
Net Income from Continuing Ops	$224M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$224M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$224M
D&A	$13M
EBIT	$271M
EBITDA	$285M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$224M
Depreciation & Amortization	$13M
Stock-Based Compensation	$5M
Deferred Income Tax	-$620.0K
Other Non-Cash Items	$58M
Change in Working Capital	$10M
OPERATING CASH FLOW	$310M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$6.6B
Sales/Maturities of Investments	$6.6B
Other Investing Activities	-$764M
NET CASH FROM INVESTING	-$737M
Net Debt Issuance	-$207M
Common Stock Repurchased	$0
Common Dividends Paid	-$103M
Other Financing Activities	$961M
NET CASH FROM FINANCING	$654M
FREE CASH FLOW	$293M
Net Change in Cash	$227M

Balance Sheet

Item	Amount
Cash & Equivalents	$763M
Short-Term Investments	$289M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$152M
Goodwill	$0
Intangible Assets	$314M
Long-Term Investments	$12.2B
Tax Assets	$0
Other Non-Current Assets	$309M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$14.0B
Account Payables	$0
Short-Term Debt	$76M
Deferred Revenue	$0
Other Current Liabilities	$12.1B
TOTAL CURRENT LIABILITIES	$12.2B
Long-Term Debt	$121M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$198M
TOTAL LIABILITIES	$12.4B
Common Stock	$1M
Additional Paid-In Capital	$689M
Retained Earnings	$1.3B
Treasury Stock	-$13M
Accum. Other Comp. Income	-$424M
Other Equity	$13M
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$14.0B
Total Debt	$197M
Net Debt	-$566M