FIRST FINANCIAL BANKSHARES ANNOUNCES SECOND QUARTER 2026 EARNINGS

Press Release View all news Company Release - 07/16/2026 , /PRNewswire/ -- First Financial Bankshares, Inc. (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings of $71.89 million for the second quarter of 2026 compared to earnings of $66.66 million for the same quarter a year ago and $71.54 million for the quarter ended March 31, 2026. Basic and diluted earnings per share were $0.50 for the second quarter of 2026 compared with $0.47 for the second quarter of 2025 and $0.50 for the linked quarter. "Our second quarter results reflect solid year-over-year earnings growth, highlighted by expansion in our net interest margin and continued increases in fee income generated by wealth management and mortgage banking," said David Bailey, President and CEO. "As we look ahead, we remain focused on disciplined growth, prudent risk management and creating long term value for shareholders. We appreciate the dedication of our associates across Texas and their commitment to serving our customers and communities with excellence." Net interest income for the second quarter of 2026 was $136.91 million compared to $123.73 million for the second quarter of 2025 and $134.79 million for the first quarter of 2026. The net interest margin, on a tax-equivalent basis, was 3.90 percent for the second quarter of 2026 compared to 3.81 percent for the second quarter of 2025 and 3.86 percent for the first quarter of 2026. Net interest income and margin benefited from a decrease in deposit costs as well as improved securities yields over the past year. Average interest-earning assets were $14.46 billion for the second quarter of 2026 compared to $13.34 billion for the same quarter a year ago and $14.54 billion for the first quarter of 2026. The Company recorded a provision for credit losses of $4.18 million for the second quarter of 2026 compared to a provision for credit losses of $3.13 million for the second quarter of 2025 and $2.29 million for the first quarter of 2026. At June 30, 2026, the allowance for credit losses totaled $112.43 million, or 1.35 percent of loans held-for-investment ("loans" hereafter), compared to $102.79 million, or 1.27 percent of loans, at June 30, 2025, and $107.92 million, or 1.30 percent of loans, at March 31, 2026. Additionally, the reserve for unfunded commitments totaled $6.21 million at June 30, 2026 compared to $9.91 million at June 30, 2025, and $5.94 million at March 31, 2026. For the second quarter of 2026, the Company recorded net recoveries of $600 thousand compared to net charge-offs of $720 thousand for the second quarter of 2025 and net charge-offs of $356 thousand for the first quarter of 2026. Nonperforming assets as a percentage of loans and foreclosed assets totaled 0.80 percent at June 30, 2026, compared to 0.79 percent at June 30, 2025 and 0.66 percent at March 31, 2026. Classified loans totaled $283.10 million at June 30, 2026, compared to $257.07 million at June 30, 2025 and $289.76 million at March 31, 2026. Noninterest income for the second quarter of 2026 was $35.84 million compared to $32.87 million for the second quarter of 2025 and $32.10 million for the linked quarter. Wealth Management fee income increased to $13.96 million for the second quarter of 2026 compared to $12.75 million for the second quarter of 2025 and $13.36 million for the linked quarter. The increase from prior year is driven by growth in assets under management with the increase over linked quarter related to improved mineral fee revenue due to recent higher oil prices. The market value of assets under management totaled $12.23 billion at June 30, 2026, compared to $11.46 billion at June 30, 2025 and $11.91 billion at March 31, 2026.Service charges on deposits increased to $6.26 million for the second quarter of 2026 compared with $6.13 million for the second quarter of 2025 and $6.08 million for the first quarter 2026, driven by increases in fees on deposit accounts for both periods and offset by a decrease in overdraft fees year over year. Mortgage income increased to $4.68 million for the second quarter of 2026 compared to $4.13 million for the second quarter of 2025 and $4.28 million for first quarter of 2026. Mortgage income continues to benefit from the restructuring of the secondary mortgage department, new mortgage lenders and centralization of mortgage operations this past year and an increase in the volume of mortgage loans originated.Other noninterest income increased to $5.02 million for the second quarter of 2026 compared to $3.74 million for the second quarter of 2025 and $2.54 million in the linked quarter. In the second quarter of 2026, non-interest income increased $1.17 million over the second quarter of 2025 and $1.68 million from the linked quarter reflecting the increase in the fair market value of the assets held in Company's supplemental executive retirement plan. The plan holds marketable securities, including shares of Company stock. Deferred compensation related to these changes in value is included in salaries and employee benefits expense. Also, during the second quarter of 2026, the Company received life insurance proceeds of approximately $200 thousand for the death of a former employee. Noninterest expense for the second quarter of 2026 totaled $81.11 million compared to $71.74 million for the second quarter of 2025 and $76.77 million in the linked quarter. Salary, commissions, and employee benefit costs increased to $49.66 million for the second quarter of 2026, compared to $42.58 million in the second quarter of 2025 and $45.98 million for the linked quarter. The increase for both periods is primarily resulting from annual merit-based and market-driven pay increases that were effective March 1st and profit sharing and incentive accruals, which are up due to year-over-year earnings growth. Mortgage incentives are also up for both periods due to higher loan volumes. Also, there was a change in deferred compensation expense of $1.17 million from the second quarter of the prior year and $1.68 million from the first quarter of 2026 due to the increase in the supplemental executive retirement plan deferred compensation liability as discussed above. Noninterest expenses, excluding salary related costs, increased $2.29 million for the second quarter of 2026 compared to the same period in 2025 and $660 thousand compared to the linked quarter, largely due to increases in software amortization and professional fees in both periods and offset by debit card expenses as compared to prior year. The Company's efficiency ratio was 45.94 percent for the second quarter of 2026 compared to 44.97 percent for the second quarter of 2025 and 44.98 percent for the first quarter of 2026. As of June 30, 2026, consolidated total assets were $15.31 billion compared to $14.38 billion at June 30, 2025 and $15.39 billion at March 31, 2026. Loans totaled $8.35 billion at June 30, 2026, compared with loans of $8.07 billion at June 30, 2025 and $8.29 billion at March 31, 2026. During the second quarter of 2026, loans grew $61.81 million, or 2.99 percent annualized, when compared to March 31, 2026 balances. Loans have grown $188.66 million, or 4.66 percent annualized, year-to-date. Deposits and Repurchase Agreements totaled $13.17 billion at June 30, 2026, compared to $12.50 billion at June 30, 2025 and $13.31 billion at March 31, 2026. Deposits and Repurchase Agreement balances are down $234.85 million year-to-date primarily due to reduced balances of municipal deposits from year end. Deposits, excluding public funds, increased $149.57 million year-to-date. Shareholders' equity was $2.00 billion as of June 30, 2026, compared to $1.74 billion and $1.94 billion at June 30, 2025 and March 31, 2026, respectively. The unrealized loss on the securities portfolio, net of applicable tax, totaled $279.67 million at June 30, 2026, compared to unrealized losses of $373.46 million at June 30, 2025 and $290.06 million at March 31, 2026, due to changes in market interest rates during the respective periods. About First Financial Bankshares, Inc. Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations and First Technology Services, Inc., a technology operating company. The Company is listed on The Nasdaq Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://www.ffin.com. Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast," "project," and "goal." Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents and Filings" on the Company's Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise. FIRST FINANCIAL BANKSHARES, INC. CONSOLIDATED FINANCIAL SUMMARY (UNAUDITED) (In thousands, except share and per share data) As of 2026 2025 ASSETS June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Cash and due from banks $ 284,759 $ 264,850 $ 249,466 $ 237,466 $ 264,000 Interest-bearing demand deposits in banks 286,973 458,203 826,947 401,580 435,612 Federal funds sold 8,650 14,075 1,575 11,750 8,750 Investment securities 5,675,957 5,668,792 5,514,113 5,260,813 4,886,548 Loans, held-for-investment 8,346,931 8,285,120 8,158,276 8,243,625 8,074,944 Allowance for credit losses (112,433) (107,918) (105,536) (105,958) (102,792) Net loans, held-for-investment 8,234,498 8,177,202 8,052,740 8,137,667 7,972,152 Loans, held-for-sale 23,616 22,984 29,992 26,015 33,233 Premises and equipment, net 155,560 150,989 149,985 149,651 148,999 Goodwill 313,481 313,481 313,481 313,481 313,481 Other intangible assets 86 128 171 257 343 Other assets 322,857 316,941 308,006 302,848 313,723 Total assets $ 15,306,437 $ 15,387,645 $ 15,446,476 $ 14,841,528 $ 14,376,841 LIABILITIES AND SHAREHOLDERS' EQUITY Noninterest-bearing deposits $ 3,478,755 $ 3,385,878 $ 3,401,057 $ 3,446,262 $ 3,439,059 Interest-bearing deposits 9,641,228 9,859,359 9,944,472 9,399,986 9,009,357 Total deposits 13,119,983 13,245,237 13,345,529 12,846,248 12,448,416 Repurchase agreements 53,656 67,946 62,956 50,646 48,026 Borrowings 21,829 22,306 21,680 21,956 22,153 Trade date payable - - - - 24,965 Other liabilities 114,082 108,305 98,994 92,410 95,929 Shareholders' equity 1,996,887 1,943,851 1,917,317 1,830,268 1,737,352 Total liabilities and shareholders' equity $ 15,306,437 $ 15,387,645 $ 15,446,476 $ 14,841,528 $ 14,376,841 Quarter Ended 2026 2025 INCOME STATEMENTS June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Interest income $ 185,960 $ 182,945 $ 182,869 $ 179,692 $ 172,810 Interest expense 49,046 48,154 51,501 52,691 49,080 Net interest income 136,914 134,791 131,368 127,001 123,730 Provision for credit losses 4,183 2,291 (2,486) 24,435 3,132 Net interest income after provision for credit losses 132,731 132,500 133,854 102,566 120,598 Noninterest income 35,844 32,096 33,349 34,264 32,873 Noninterest expense 81,106 76,768 77,650 73,666 71,735 Net income before income taxes 87,469 87,828 89,553 63,164 81,736 Income tax expense 15,575 16,285 16,239 10,897 15,078 Net income $ 71,894 $ 71,543 $ 73,314 $ 52,267 $ 66,658 PER COMMON SHARE DATA Net income - basic $ 0.50 $ 0.50 $ 0.51 $ 0.37 $ 0.47 Net income - diluted 0.50 0.50 0.51 0.36 0.47 Cash dividends declared 0.22 0.19 0.19 0.19 0.19 Book value 13.93 13.57 13.39 12.78 12.14 Tangible book value 11.75 11.38 11.20 10.59 9.95 Market value 34.60 29.45 29.87 33.65 35.98 Shares outstanding - end of period 143,319,824 143,279,030 143,213,102 143,188,051 143,077,619 Average outstanding shares - basic 143,280,452 143,210,755 143,180,215 143,105,224 143,023,544 Average outstanding shares - diluted 143,698,421 143,608,079 143,542,801 143,474,169 143,378,505 PERFORMANCE RATIOS Return on average assets 1.89 % 1.89 % 1.94 % 1.44 % 1.89 Return on average equity 14.70 14.83 15.62 11.85 15.82 Return on average tangible equity 17.49 17.66 18.78 14.44 19.43 Net interest margin (tax equivalent) 3.90 3.86 3.81 3.80 3.81 Efficiency ratio 45.94 44.98 46.10 44.74 44.97 Six Months Ended June 30, INCOME STATEMENTS 2026 2025 Interest income $ 368,905 $ 339,920 Interest expense 97,200 97,401 Net interest income 271,705 242,519 Provision for credit losses 6,474 6,660 Net interest income after provisions for credit losses 265,231 235,859 Noninterest income 67,940 63,103 Noninterest expense 157,874 142,070 Net income before income taxes 175,297 156,892 Income tax expense 31,860 28,888 Net income $ 143,437 $ 128,004 PER COMMON SHARE DATA Net income - basic $ 1.00 $ 0.90 Net income - diluted 1.00 0.89 Cash dividends declared 0.41 0.37 Book value 13.93 12.14 Tangible book value 11.75 9.95 Market value $ 34.60 $ 35.98 Shares outstanding - end of period 143,319,824 143,077,619 Average outstanding shares - basic 143,245,796 142,986,734 Average outstanding shares - diluted 143,662,250 143,378,720 PERFORMANCE RATIOS Return on average assets 1.89 % 1.83 % Return on average equity 14.76 15.48 Return on average tangible equity 17.57 19.07 Net interest margin (tax equivalent) 3.88 3.78 Efficiency ratio 45.47 45.65 FIRST FINANCIAL BANKSHARES, INC. SELECTED FINANCIAL DATA (UNAUDITED) (In thousands) Quarter Ended 2026 2025 ALLOWANCE FOR LOAN LOSSES June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Balance at beginning of period $ 107,918 $ 105,536 $ 105,958 $ 102,792 $ 101,080 Loans charged-off (961) (1,174) (3,387) (22,612) (1,189) Loan recoveries 1,561 818 2,996 272 469 Net recoveries (charge-offs) 600 (356) (391) (22,340) (720) Provision for loan losses 3,915 2,738 (31) 25,506 2,432 Balance at end of period $ 112,433 $ 107,918 $ 105,536 $ 105,958 $ 102,792 ALLOWANCE FOR UNFUNDED COMMITMENTS Balance at beginning of period $ 5,940 $ 6,387 $ 8,842 $ 9,914 $ 9,214 Provision for unfunded commitments 268 (447) (2,455) (1,072) 700 Balance at end of period $ 6,208 $ 5,940 $ 6,387 $ 8,842 $ 9,914 Allowance for loan losses / period-end loans held-for-investment 1.35 % 1.30 % 1.29 % 1.29 % 1.27 % Allowance for loan losses / nonperforming loans 174.94 206.16 188.41 187.39 162.60 Net charge-offs (recoveries) / average total loans (annualized) (0.03) 0.02 0.02 1.07 0.04 As of 2026 2025 COMPOSITION OF LOANS HELD-FOR-INVESTMENT June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Commercial: C&I $ 1,087,656 $ 1,149,931 $ 1,116,461 $ 1,174,770 $ 1,202,151 Municipal 419,070 384,473 342,501 347,559 306,140 Total Commercial 1,506,726 1,534,404 1,458,962 1,522,329 1,508,291 Agricultural 81,786 77,583 95,776 88,820 86,133 Real Estate: Construction & Development 1,191,082 1,169,037 1,157,865 1,214,649 1,172,834 Farm 344,483 329,151 327,625 322,710 302,969 Non-Owner Occupied CRE 831,929 825,771 832,816 802,675 746,341 Owner Occupied CRE 1,144,093 1,132,114 1,120,608 1,119,425 1,124,610 Residential 2,322,000 2,322,097 2,285,830 2,308,708 2,286,220 Total Real Estate 5,833,587 5,778,170 5,724,744 5,768,167 5,632,974 Consumer: Auto 776,433 751,283 732,351 718,501 698,897 Non-Auto 148,399 143,680 146,443 145,808 148,649 Total Consumer 924,832 894,963 878,794 864,309 847,546 Total loans held-for-investment $ 8,346,931 $ 8,285,120 $ 8,158,276 $ 8,243,625 $ 8,074,944 SUMMARY OF LOAN CLASSIFICATION Special Mention $ 48,486 $ 66,864 $ 66,058 $ 76,647 $ 62,774 Substandard 234,618 222,895 189,548 176,311 194,291 Total classified loans $ 283,104 $ 289,759 $ 255,606 $ 252,958 $ 257,065 NONPERFORMING ASSETS Nonaccrual loans $ 63,310 $ 52,129 $ 55,121 $ 56,394 $ 63,142 Accruing loans 90 days past due 958 218 892 151 77 Total nonperforming loans 64,268 52,347 56,013 56,545 63,219 Foreclosed assets 2,770 1,962 479 1,997 489 Total nonperforming assets $ 67,038 $ 54,309 $ 56,492 $ 58,542 $ 63,708 As a % of loans held-for-investment and foreclosed assets 0.80 % 0.66 % 0.69 % 0.71 % 0.79 % As a % of end of period total assets 0.44 0.35 0.37 0.39 0.44 Quarter Ended 2026 2025 CAPITAL RATIOS June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Common equity Tier 1 capital ratio 20.40 % 20.23 % 19.99 % 19.10 % 19.16 % Tier 1 capital ratio 20.40 20.23 19.99 19.10 19.16 Total capital ratio 21.62 21.42 21.17 20.29 20.35 Tier 1 leverage ratio 12.88 12.58 12.55 12.34 12.61 Tangible common equity ratio 11.23 10.81 10.60 10.44 10.12 Equity/Assets ratio 13.05 12.63 12.41 12.33 12.08 Quarter Ended 2026 2025 NONINTEREST INCOME June 30, Mar. 31, Dec. 31, Sept. 30, June 30, Wealth Management fees $ 13,960 $ 13,363 $ 13,512 $ 12,950 $ 12,746 Service charges on deposits 6,263 6,077 6,140 6,447 6,126 Debit card fees 5,584 5,245 5,791 5,333 5,218 Credit card fees 734 651 678 699 707 Gain on sale and fees on mortgage loans 4,679 4,277 4,216 4,375 4,126 Net gain (loss) on sale of foreclosed assets (19) (56) (12) (122) 200 Net gain (loss) on sale of assets (374) - - - 6 Other noninterest income 5,017 2,539 3,024 4,582 3,744 Total noninterest income $ 35,844 $ 32,096 $ 33,349 $ 34,264 $ 32,873 NONINTEREST EXPENSE Salaries, commissions and employee benefits, excluding profit sharing $ 46,216 $ 42,959 $ 42,409 $ 40,681 $ 39,834 Profit sharing expense 3,444 3,023 4,819 1,924 2,741 Net occupancy expense 3,728 3,630 3,458 3,545 3,600 Equipment expense 2,169 2,158 2,128 2,395 2,478 FDIC insurance premiums 1,767 1,560 1,695 1,635 1,585 Debit card expense 3,043 3,108 3,265 3,512 3,308 Legal, tax and professional fees 4,159 3,834 3,079 3,332 3,143 Audit fees 441 455 531 536 463 Printing, stationery and supplies 292 623 528 456 473 Amortization of intangible assets 43 43 86 86 86 Advertising, meals and public relations 1,849 1,701 1,923 1,714 1,653 Operational and other losses 801 1,000 1,583 1,957 720 Software amortization and expense 5,053 4,594 4,456 4,280 4,020 Other noninterest expense 8,101 8,080 7,690 7,613 7,631 Total noninterest expense $ 81,106 $ 76,768 $ 77,650 $ 73,666 $ 71,735 TAX EQUIVALENT YIELD ADJUSTMENT $ 3,799 $ 3,791 $ 3,709 $ 3,406 $ 2,926 Six Months Ended June 30, NONINTEREST INCOME 2026 2025 Wealth Management fees $ 27,323 $ 25,399 Service charges on deposits 12,340 12,302 Debit card fees 10,829 10,185 Credit card fees 1,385 1,284 Gain on sale and fees on mortgage loans 8,955 6,958 Net gain (loss) on sale of foreclosed assets (75) 165 Net gain (loss) on sale of assets (374) 6 Other noninterest income 7,557 6,804 Total noninterest income $ 67,940 $ 63,103 NONINTEREST EXPENSE Salaries, commissions and employee benefits, excluding profit sharing $ 89,175 $ 78,991 Profit sharing expense 6,467 5,726 Net occupancy expense 7,359 7,320 Equipment expense 4,328 4,799 FDIC insurance premiums 3,326 3,160 Debit card expense 6,151 6,680 Legal, tax and professional fees 7,993 6,209 Audit fees 896 914 Printing, stationery and supplies 915 955 Amortization of intangible assets 86 181 Advertising, meals and public relations 3,550 3,332 Operational and other losses 1,801 1,260 Software amortization and expense 9,646 7,753 Other noninterest expense 16,181 14,790 Total noninterest expense $ 157,874 $ 142,070 TAX EQUIVALENT YIELD ADJUSTMENT $ 7,590 $ 5,626 FIRST FINANCIAL BANKSHARES, INC. SELECTED FINANCIAL DATA (UNAUDITED) (In thousands) Three Months Ended Three Months Ended June 30, 2026 Mar. 31, 2026 Average Tax Equivalent Yield / Average Tax Equivalent Yield / Balance Interest Rate Balance Interest Rate Interest-earning assets: Federal funds sold $ 4,642 $ 43 3.72 % $ 4,565 $ 40 3.55 % Interest-bearing demand deposits in nonaffiliated banks 333,359 3,074 3.70 461,579 4,209 3.70 Taxable securities 4,091,117 33,666 3.29 4,076,690 32,283 3.17 Tax-exempt securities 1,709,709 14,134 3.31 1,726,765 14,184 3.29 Loans 8,317,815 138,841 6.70 8,273,995 136,020 6.67 Total interest-earning assets 14,456,642 $ 189,758 5.26 % 14,543,594 $ 186,736 5.21 % Noninterest-earning assets 833,268 821,635 Total assets $ 15,289,910 $ 15,365,229 Interest-bearing liabilities: Deposits $ 9,676,860 $ 48,697 2.02 % $ 9,824,362 $ 47,851 1.98 % Repurchase Agreements 60,403 223 1.48 62,849 229 1.48 Borrowings 28,459 125 1.76 22,155 74 1.35 Total interest-bearing liabilities 9,765,722 $ 49,045 2.01 % 9,909,366 $ 48,154 1.97 % Noninterest-bearing deposits 3,445,033 3,401,092 Other noninterest-bearing liabilities  116,944 97,986 Shareholders' equity 1,962,211 1,956,785 Total liabilities and shareholders' equity $ 15,289,910 $ 15,365,229 Net interest income and margin (tax equivalent) $ 140,713 3.90 % $ 138,582 3.86 % Three Months Ended Three Months Ended Dec. 31, 2025 Sept. 30, 2025 Average Tax Equivalent Yield / Average Tax Equivalent Yield / Balance Interest Rate Balance Interest Rate Interest-earning assets: Federal funds sold $ 6,565 $ 62 3.75 % $ 10,711 $ 130 4.82 % Interest-bearing demand deposits in nonaffiliated banks 434,445 4,284 3.91 216,739 2,387 4.37 Taxable securities 3,683,108 29,231 3.17 3,560,347 26,539 2.98 Tax-exempt securities 1,712,261 14,144 3.30 1,564,767 12,906 3.30 Loans 8,241,265 138,857 6.68 8,249,113 141,136 6.79 Total interest-earning assets 14,077,644 $ 186,578 5.26 % 13,601,677 $ 183,098 5.34 % Noninterest-earning assets 893,739 826,660 Total assets $ 14,971,383 $ 14,428,337 Interest-bearing liabilities: Deposits $ 9,476,716 $ 51,207 2.14 % $ 9,051,463 $ 52,010 2.28 % Repurchase Agreements 56,573 219 1.54 50,051 210 1.66 Borrowings 22,113 75 1.35 56,198 471 3.33 Total interest-bearing liabilities 9,555,402 $ 51,501 2.14 % 9,157,712 $ 52,691 2.28 % Noninterest-bearing deposits 3,454,171 3,419,378 Other noninterest-bearing liabilities  99,623 101,268 Shareholders' equity 1,862,187 1,749,979 Total liabilities and shareholders' equity $ 14,971,383 $ 14,428,337 Net interest income and margin (tax equivalent) $ 135,077 3.81 % $ 130,407 3.80 % Three Months Ended June 30, 2025 Average Tax Equivalent Yield / Balance Interest Rate Interest-earning assets: Federal funds sold $ 9,397 $ 113 4.84 % Interest-bearing demand deposits in nonaffiliated banks 379,364 4,191 4.43 Taxable securities 3,470,028 25,242 2.91 Tax-exempt securities 1,433,498 10,811 3.02 Loans 8,045,340 135,378 6.75 Total interest-earning assets 13,337,627 $ 175,735 5.28 % Noninterest-earning assets 826,635 Total assets $ 14,164,262 Interest-bearing liabilities: Deposits $ 8,923,737 $ 48,730 2.19 % Repurchase Agreements 54,482 221 1.63 Borrowings 26,557 128 1.93 Total interest-bearing liabilities 9,004,776 $ 49,079 2.19 % Noninterest-bearing deposits 3,383,851 Other noninterest-bearing liabilities  85,745 Shareholders' equity 1,689,890 Total liabilities and shareholders' equity $ 14,164,262 Net interest income and margin (tax equivalent) $ 126,656 3.81 % Six Months Ended Six Months Ended June 30, 2026 June 30, 2025 Average Tax Equivalent Yield / Average Tax Equivalent Yield / Balance Interest Rate Balance Interest Rate Interest-earning assets: Federal funds sold $ 4,604 $ 83 3.64 % $ 8,501 $ 203 4.82 % Interest-bearing deposits in nonaffiliated banks 397,115 7,283 3.70 332,960 7,365 4.46 Taxable securities 4,083,944 65,949 3.23 3,487,932 50,277 2.88 Tax exempt securities 1,718,190 28,319 3.30 1,420,541 20,723 2.92 Loans 8,296,026 274,861 6.68 7,999,398 266,977 6.73 Total interest-earning assets 14,499,879 $ 376,495 5.24 % 13,249,332 $ 345,545 5.26 % Noninterest-earning assets 827,502 828,336 Total assets $ 15,327,381 $ 14,077,668 Interest-bearing liabilities: Deposits $ 9,750,203 $ 96,548 2.00 % $ 8,903,004 $ 96,280 2.18 % Repurchase Agreements 61,619 452 1.48 54,203 430 1.60 Borrowings 25,324 200 1.59 50,426 690 2.76 Total interest-bearing liabilities 9,837,146 $ 97,200 1.99 % 9,007,633 $ 97,400 2.18 % Noninterest-bearing deposits 3,423,184 3,325,170 Other noninterest-bearing liabilities  107,518 77,030 Shareholders' equity 1,959,533 1,667,835 Total liabilities and shareholders' equity $ 15,327,381 $ 14,077,668 Net interest income and margin (tax equivalent) $ 279,295 3.88 % $ 248,145 3.78 % View original content:https://www.prnewswire.com/news-releases/first-financial-bankshares-announces-second-quarter-2026-earnings-302827948.html SOURCE First Financial Bankshares, Inc. 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