First Financial Bankshares Q2 net income rises to $52.49 million from $50.87 million
First Financial Bankshares, Inc. (FFIN) reported second quarter 2024 net income of $52.49 million, or $0.37 per diluted share, up from $50.87 million, or $0.36 per share, a year earlier, but down from $53.4 million in the first quarter. Net interest income rose to $103.27 million as the net interest margin widened to 3.48%, while noninterest expense rose to $65.01 million and nonperforming assets increased to 0.81% of loans and foreclosed assets from 0.43% a year earlier.
Key points
- Net income was $52.49 million for Q2 2024, compared with $50.87 million in Q2 2023 and $53.4 million in Q1 2024.
- Basic and diluted earnings per share were $0.37, compared with $0.36 a year earlier and $0.37 in the linked quarter.
- Net interest margin (tax equivalent) was 3.48%, up from 3.29% a year earlier; noninterest expense was $65.01 million, up from $57.61 million.
- Nonperforming assets were 0.81% of loans and foreclosed assets at June 30, 2024, versus 0.43% a year earlier, mainly due to one owner occupied commercial real estate loan in the DFW area placed on nonaccrual.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.