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FIRST FINL BANKSHARES INC (FFIN) Stock Fundamental Analysis

USA - NASDAQ:FFIN - US32020R1095 - Common Stock

33.49 USD
-0.16 (-0.48%)
Last: 10/1/2025, 12:00:10 PM
Fundamental Rating

5

FFIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. FFIN has an average financial health and profitability rating. FFIN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FFIN had positive earnings in the past year.
In the past year FFIN had a positive cash flow from operations.
Each year in the past 5 years FFIN has been profitable.
Each year in the past 5 years FFIN had a positive operating cash flow.
FFIN Yearly Net Income VS EBIT VS OCF VS FCFFFIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

FFIN has a better Return On Assets (1.71%) than 92.86% of its industry peers.
FFIN has a Return On Equity of 14.14%. This is amongst the best in the industry. FFIN outperforms 91.33% of its industry peers.
Industry RankSector Rank
ROA 1.71%
ROE 14.14%
ROIC N/A
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
ROIC(3y)N/A
ROIC(5y)N/A
FFIN Yearly ROA, ROE, ROICFFIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 41.48%, FFIN belongs to the top of the industry, outperforming 96.17% of the companies in the same industry.
In the last couple of years the Profit Margin of FFIN has remained more or less at the same level.
FFIN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 41.48%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.95%
PM growth 5Y-0.43%
GM growth 3YN/A
GM growth 5YN/A
FFIN Yearly Profit, Operating, Gross MarginsFFIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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4

2. Health

2.1 Basic Checks

FFIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
FFIN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FFIN has more shares outstanding
Compared to 1 year ago, FFIN has an improved debt to assets ratio.
FFIN Yearly Shares OutstandingFFIN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
FFIN Yearly Total Debt VS Total AssetsFFIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

FFIN has a debt to FCF ratio of 0.24. This is a very positive value and a sign of high solvency as it would only need 0.24 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.24, FFIN belongs to the top of the industry, outperforming 85.46% of the companies in the same industry.
A Debt/Equity ratio of 0.04 indicates that FFIN is not too dependend on debt financing.
The Debt to Equity ratio of FFIN (0.04) is better than 82.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.24
Altman-Z N/A
ROIC/WACCN/A
WACC11.57%
FFIN Yearly LT Debt VS Equity VS FCFFFIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FFIN Yearly Current Assets VS Current LiabilitesFFIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 21.99% over the past year.
FFIN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.13% yearly.
Looking at the last year, FFIN shows a quite strong growth in Revenue. The Revenue has grown by 17.07% in the last year.
FFIN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.74% yearly.
EPS 1Y (TTM)21.99%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%27.03%
Revenue 1Y (TTM)17.07%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%16.4%

3.2 Future

The Earnings Per Share is expected to grow by 11.77% on average over the next years. This is quite good.
FFIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.10% yearly.
EPS Next Y20.03%
EPS Next 2Y11.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.43%
Revenue Next 2Y10.1%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FFIN Yearly Revenue VS EstimatesFFIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
FFIN Yearly EPS VS EstimatesFFIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.47, FFIN is valued on the expensive side.
79.85% of the companies in the same industry are cheaper than FFIN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.76. FFIN is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 17.19 indicates a rather expensive valuation of FFIN.
FFIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. FFIN is more expensive than 77.04% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.18. FFIN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.47
Fwd PE 17.19
FFIN Price Earnings VS Forward Price EarningsFFIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FFIN is valued a bit more expensive than 62.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.48
EV/EBITDA N/A
FFIN Per share dataFFIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.97
PEG (5Y)3.8
EPS Next 2Y11.77%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.22%, FFIN has a reasonable but not impressive dividend return.
FFIN's Dividend Yield is slightly below the industry average, which is at 3.52.
Compared to an average S&P500 Dividend Yield of 2.41, FFIN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.22%

5.2 History

The dividend of FFIN is nicely growing with an annual growth rate of 9.74%!
FFIN has been paying a dividend for at least 10 years, so it has a reliable track record.
FFIN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.74%
Div Incr Years14
Div Non Decr Years25
FFIN Yearly Dividends per shareFFIN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

41.92% of the earnings are spent on dividend by FFIN. This is a bit on the high side, but may be sustainable.
The dividend of FFIN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP41.92%
EPS Next 2Y11.77%
EPS Next 3YN/A
FFIN Yearly Income VS Free CF VS DividendFFIN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FFIN Dividend Payout.FFIN Dividend Payout, showing the Payout Ratio.FFIN Dividend Payout.PayoutRetained Earnings

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FIRST FINL BANKSHARES INC

NASDAQ:FFIN (10/1/2025, 12:00:10 PM)

33.49

-0.16 (-0.48%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-17 2025-07-17/amc
Earnings (Next)10-16 2025-10-16/amc
Inst Owners66.42%
Inst Owner Change-15.67%
Ins Owners3.84%
Ins Owner Change1.97%
Market Cap4.79B
Analysts48.89
Price Target39.78 (18.78%)
Short Float %5.41%
Short Ratio13.77
Dividend
Industry RankSector Rank
Dividend Yield 2.22%
Yearly Dividend0.72
Dividend Growth(5Y)9.74%
DP41.92%
Div Incr Years14
Div Non Decr Years25
Ex-Date09-15 2025-09-15 (0.19)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.58%
Min EPS beat(2)-1.16%
Max EPS beat(2)4.31%
EPS beat(4)2
Avg EPS beat(4)1.77%
Min EPS beat(4)-1.46%
Max EPS beat(4)5.39%
EPS beat(8)4
Avg EPS beat(8)0.04%
EPS beat(12)4
Avg EPS beat(12)-1.07%
EPS beat(16)7
Avg EPS beat(16)-0.2%
Revenue beat(2)0
Avg Revenue beat(2)-2.07%
Min Revenue beat(2)-2.3%
Max Revenue beat(2)-1.83%
Revenue beat(4)0
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)-0.28%
Revenue beat(8)0
Avg Revenue beat(8)-3.18%
Revenue beat(12)0
Avg Revenue beat(12)-3.77%
Revenue beat(16)1
Avg Revenue beat(16)-3.37%
PT rev (1m)0%
PT rev (3m)6.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.4%
EPS NY rev (1m)0%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.07%
Valuation
Industry RankSector Rank
PE 19.47
Fwd PE 17.19
P/S 8.09
P/FCF 16.48
P/OCF 15.8
P/B 2.76
P/tB 4.32
EV/EBITDA N/A
EPS(TTM)1.72
EY5.14%
EPS(NY)1.95
Fwd EY5.82%
FCF(TTM)2.03
FCFY6.07%
OCF(TTM)2.12
OCFY6.33%
SpS4.14
BVpS12.14
TBVpS7.76
PEG (NY)0.97
PEG (5Y)3.8
Profitability
Industry RankSector Rank
ROA 1.71%
ROE 14.14%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 41.48%
GM N/A
FCFM 49.1%
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.95%
PM growth 5Y-0.43%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.24
Debt/EBITDA N/A
Cap/Depr 93.14%
Cap/Sales 2.11%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 118.38%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC11.57%
ROIC/WACCN/A
Cap/Depr(3y)128.37%
Cap/Depr(5y)132.12%
Cap/Sales(3y)3.17%
Cap/Sales(5y)3.32%
Profit Quality(3y)132.31%
Profit Quality(5y)127.96%
High Growth Momentum
Growth
EPS 1Y (TTM)21.99%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%27.03%
EPS Next Y20.03%
EPS Next 2Y11.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.07%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%16.4%
Revenue Next Year14.43%
Revenue Next 2Y10.1%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.75%
FCF growth 3Y-4.28%
FCF growth 5Y8.61%
OCF growth 1Y-4.81%
OCF growth 3Y-4.29%
OCF growth 5Y8.86%