← FIRST FINANCIAL BANKSHARES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $104.8m | $120.4m | $150.6m | $164.8m | $202.0m | $227.6m | $234.5m | $199.0m | $223.5m | $253.6m | — | |
| Depreciation, Amortization and Accretion, Net | $11.6m | $12.9m | $12.5m | $11.7m | $12.8m | $13.1m | $12.8m | $12.6m | $13.4m | $13.7m | $14.3m | |
| Amortization of Intangible Assets | $738k | $613k | $1.3m | $1.0m | $2.0m | $1.6m | $1.2m | $912k | $618k | $352k | — | |
| Capitalized Computer Software, Amortization | — | — | — | $7.3m | $8.9m | $11.1m | $10.0m | $10.3m | $13.5m | $16.5m | — | |
| Depreciation | $9.4m | $9.8m | $10.1m | $9.8m | $9.9m | $10.5m | $10.8m | $10.8m | $11.3m | $11.3m | $14.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $12.8m | $12.6m | $13.4m | $13.7m | $14.3m | |
| Deferred Income Tax Expense (Benefit) | ($1.6m) | ($1.2m) | ($393k) | $0 | ($5.2m) | $3.5m | ($4.2m) | ($359k) | ($620k) | ($548k) | ($11.7m) | |
| Deferred Tax | — | — | — | — | — | — | ($4.2m) | ($359k) | ($620k) | ($548k) | ($11.7m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | — | $4.3m | $4.9m | $6.9m | $7.4m | |
| Share-based Payment Arrangement, Expense | $882k | $1.7m | $1.5m | $1.5m | $1.4m | $1.3m | $1.4m | $1.8m | $2.2m | $2.7m | $7.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($5.7m) | $529k | $9.9m | ($41.3m) | $2.6m | |
| Increase (Decrease) in Other Operating Assets | ($2.4m) | ($9.3m) | $1.7m | ($1.9m) | $23.2m | $11.3m | ($907k) | $3.9m | $7.1m | $21.7m | — | |
| Increase (Decrease) in Other Operating Liabilities | ($2.6m) | $285k | $1.6m | $4.4m | $24.1m | $12.7m | ($27.8m) | $6.7m | $11.2m | $1.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.3m) | ($3.9m) | ($7.1m) | ($21.7m) | $7.4m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($29.6m) | $6.7m | $11.2m | $1.5m | ($14.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $160.7m |
$190.3m
+18.37%
|
$189.0m
-0.68%
|
$204.1m
+8.01%
|
$210.7m
+3.21%
|
$353.2m
+67.67%
|
$323.9m
-8.29%
|
$284.8m
-12.08%
|
$309.6m
+8.71%
|
$299.4m
-3.29%
|
$346.7m
+15.79%
|
|
| Cash flows from investing activities: | ||||||||||||
| Equipment Expense | $13.5m | $13.8m | $13.8m | $9.1m | $8.4m | $9.2m | $9.1m | $8.5m | $9.1m | $9.3m | — | |
| Capital Expenditure | — | — | — | — | — | — | ($15.8m) | ($17.3m) | ($16.7m) | ($13.4m) | ($21.4m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $3.5b | $4.4b | $3.4b | $4.5b | $6.1b | $8.5b | $4.1b | $4.4b | $6.6b | $8.1b | — | |
| Net Cash Provided by (Used in) Investing Activities | ($252.0m) | ($398.0m) | ($275.9m) | ($449.5m) | ($1.3b) | ($2.6b) | ($838.0m) | $127.3m | ($736.9m) | ($1.0b) | ($1.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | ($1.9m) | ($1.2m) | $1.4m | ($1.5m) | ($4.0m) | ($1.2m) | ($4.1m) | $5.5m | ($433k) | ($37k) | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($28.6m) | ($238.4m) | ($207.1m) | ($112.4m) | $5.3m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($28.6m) | ($238.4m) | ($207.1m) | ($112.4m) | $5.3m | |
| Payments of Ordinary Dividends, Common Stock | $44.9m | $49.0m | $53.9m | $61.1m | $70.3m | $79.7m | $91.3m | $100.0m | $102.9m | $106.0m | ($108.9m) | |
| Proceeds from Issuance of Common Stock | $1.3m | $2.9m | $3.9m | $4.3m | — | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($91.3m) | ($100.0m) | ($102.9m) | ($106.0m) | ($108.9m) | |
| Common Stock Payments | — | — | — | — | — | — | ($9.4m) | ($2.7m) | $0 | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($9.4m) | ($2.7m) | $0 | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($9.4m) | ($2.7m) | $0 | $0 | $0 | |
| Dividends Payable | $11.9m | $12.6m | $14.2m | $16.3m | $18.5m | $21.4m | $24.3m | $25.7m | $25.8m | $27.2m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($91.3m) | ($100.0m) | ($102.9m) | ($106.0m) | ($108.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $74.8m |
$323.6m
+332.56%
|
($36.8m)
-111.36%
|
$279.3m
+859.70%
|
$1.5b
+436.34%
|
$2.1b
+37.38%
|
$316.2m
-84.64%
|
($206.2m)
-165.22%
|
$654.1m
+417.19%
|
$1.0b
+57.68%
|
$570.6m
-44.67%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $528.6m | $330.7m | $536.6m | $763.4m | $708.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $536.6m | $763.4m | $1.1b | $580.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $19.5m | ($1.1m) | $17.4m | $10.6m | $13.8m | $28.6m | $28.4m | |
| Proceeds from Stock Options Exercised | — | — | — | — | $4.7m | $5.9m | $6.5m | $2.1m | $3.2m | $3.4m | — | |
| Parent Company | $44.9m | $49.0m | $53.9m | $61.1m | $70.3m | $79.7m | $91.3m | $100.0m | $102.9m | $106.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $18.7m | $29.9m | $14.5m | $6.2m | $30.5m | $135.2m | $205.5m | $202.8m | — | |
| Income Taxes Paid, Net | — | — | — | — | $44.4m | $39.5m | $45.4m | $46.7m | $41.1m | $61.1m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($267k) | — | ($1.5m) | ($2.7m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $168k | ($396k) | ($147k) | $319k | $112k | $210k | $520k | $1.5m | $484k | $6k | — | |
| Gain (Loss) on Sale of Mortgage Loans | ($1.9m) | ($1.2m) | ($1.2m) | ($1.5m) | $43.9m | $33.2m | $19.0m | $11.9m | $13.2m | $15.6m | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $1.9m | $1.2m | $1.2m | $1.5m | $4.0m | $1.2m | $4.1m | ($5.5m) | $433k | $37k | — | |
| Goodwill | $140.0m | $140.0m | $171.6m | $171.6m | $313.5m | $313.5m | $313.5m | $313.5m | $313.5m | $313.5m | — | |
| Income Tax Expense (Benefit) | $31.2m | $26.8m | $27.5m | $33.2m | $40.3m | $44.4m | $46.4m | $44.3m | $48.3m | $56.0m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $10.2m | $6.5m | $5.7m | $3.0m | $19.5m | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | $42k | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $315.8m | ($206.2m) | $654.1m | $1.0b | $570.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($838.0m) | $127.3m | ($736.9m) | ($1.0b) | ($1.0b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($197.9m) | $205.9m | $226.8m | $314.6m | — | |
| Changes In Cash | — | — | — | — | — | — | ($197.9m) | $205.9m | $226.8m | $314.6m | ($128.0m) | |
| End Cash Position | — | — | — | — | — | — | $330.7m | $536.6m | $763.4m | $1.1b | $580.4m | |
| Excess Tax Benefit From Stock Based Compensation | — | — | — | — | — | — | $336k | $319k | $361k | $493k | $609k | |
| Financing Cash Flow | — | — | — | — | — | — | $315.8m |
($206.2m)
-165.29%
|
$654.1m
+417.19%
|
$1.0b
+57.68%
|
$570.6m
-44.67%
|
|
| Free Cash Flow | — | — | — | — | — | — | $308.5m | $267.6m | $292.9m | $286.0m | $325.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($4.1m) | $5.5m | ($433k) | ($37k) | $583k | |
| Investing Cash Flow | — | — | — | — | — | — | ($838.0m) | $127.3m | ($736.9m) | ($1.0b) | ($1.0b) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $226.5m | $849.2m | $43.6m | ($738.9m) | ($731.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($14.6m) | ($13.5m) | ($14.8m) | ($10.4m) | ($19.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($4.1m) | $5.5m | ($433k) | ($37k) | $583k | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $6.2m | $2.1m | $3.2m | $3.4m | $2.7m | |
| Purchase Of Investment | — | — | — | — | — | — | ($4.4b) | ($4.0b) | ($6.6b) | ($8.9b) | ($13.3b) | |
| Purchase Of PPE | — | — | — | — | — | — | ($15.8m) | ($17.3m) | ($16.7m) | ($13.4m) | ($21.4m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $4.6b | $4.9b | $6.6b | $8.1b | $12.6b | |
| Sale Of PPE | — | — | — | — | — | — | $1.2m | $3.8m | $1.9m | $3.1m | $2.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $4.0m | $4.3m | $4.9m | $6.9m | $7.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.