Every material Form 8-K First Financial Bankshares filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Financial Bankshares said its board appointed David Bailey, currently Executive Vice President and Chief Banking Officer, as President of the company and First Financial Bank, a role previously held by CEO F. Scott Dueser. Dueser will remain Chief Executive Officer and Chairman of both entities, so the change adds a senior executive role rather than replacing the top leader.
Board appointed David Bailey as President on November 19, 2024; changes take effect January 1, 2025
Bailey, age 41, has been Executive Vice President and Chief Banking Officer since March 2024
F. Scott Dueser continues as Chief Executive Officer and Chairman of the Board of both the company and the bank
The filing reports no family relationships or related-party transactions involving Bailey
First Financial Bankshares reported third quarter 2024 net income of $55.31 million, or $0.39 per diluted share, up from $49.56 million a year earlier. Net interest income rose to $107.11 million and the net interest margin widened to 3.50% from 3.22%, while credit provisions and nonperforming assets also increased.
Net income was $55.31 million for Q3 2024, up 11.61% from $49.56 million in Q3 2023 and from $52.49 million in Q2 2024.
Net interest income was $107.11 million, compared with $94.15 million in Q3 2023; the tax-equivalent net interest margin was 3.50%, compared with 3.22%.
Provision for credit losses was $6.12 million, compared with $2.28 million in Q3 2023; nonperforming assets were 0.83% of loans and foreclosed assets, compared with 0.57%.
Noninterest expense was $66.01 million, compared with $59.54 million in Q3 2023; the efficiency ratio improved to 46.45% from 47.62%.
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.
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.
First Financial Bankshares named Sally Pope Davis to its Board of Directors and the board of First Financial Bank, N.A., effective with the May 20, 2024 board action. Davis retired from Goldman Sachs in April 2024 after a 34-year career, including co-leading a U.S. small cap value fund at Goldman Sachs Asset Management. The filing describes a board addition with no financial results or operating changes reported.
Board appointment made May 20, 2024, with a press release issued the same day
Davis retired from Goldman Sachs in April 2024 after a 34-year career at the firm
Davis will be compensated under the existing non-employee director compensation programs described in the March 14, 2024 proxy statement
The filing states no arrangements or understandings with other persons for her appointment and no related-party transactions requiring disclosure
First Financial Bankshares reported first-quarter 2024 net income of $53.40 million, up from $52.57 million a year earlier, with earnings per share flat at $0.37. Net interest income rose to $100.24 million, while noninterest expense increased to $63.94 million from $57.26 million, which the release attributes mainly to salary and employee benefit costs.
Net income was $53.40 million for Q1 2024 versus $52.57 million for Q1 2023; basic and diluted EPS were $0.37 in both periods.
Net interest income rose to $100.24 million from $96.29 million a year earlier; net interest margin was 3.34 percent in both periods.
Provision for credit losses was $808 thousand, down from $2.78 million in Q1 2023.
Noninterest expense rose to $63.94 million from $57.26 million, with salary, commissions and employee benefit costs up to $36.68 million from $31.46 million.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First Financial Bankshares filing is on SEC EDGAR ↗. 8-K briefs of other companies →