First financial bankshares inc (FFIN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
INTEREST INCOME:
Interest and fees on loans

224,556

200,347

166,807

161,018

151,662

136,684

121,512

102,172

98,767

92,715

90,932

104,887

Interest on investment securities:
Taxable

55,670

50,052

32,825

27,626

29,673

28,402

25,505

31,318

37,721

36,227

36,964

37,539

Exempt from federal income tax

37,075

39,661

44,659

43,302

40,080

33,081

28,843

25,552

22,312

19,216

17,983

14,191

Interest on federal funds sold and interest-bearing deposits in banks

1,891

1,630

1,684

342

208

372

509

754

1,221

1,541

415

1,790

Interest on trading securities

-

-

-

-

-

-

-

-

-

-

151

747

Total interest income

319,192

291,690

245,975

232,288

221,623

198,539

176,369

159,796

160,021

149,699

146,445

159,154

INTEREST EXPENSE:
Interest on deposits

27,122

16,946

8,213

4,503

3,642

3,883

3,709

4,877

7,822

13,071

16,474

33,110

Other

2,980

1,984

1,075

948

446

298

379

235

202

457

800

2,149

Total interest expense

30,102

18,930

9,288

5,451

4,088

4,181

4,088

5,112

8,024

13,528

17,274

35,259

Net interest income

289,090

272,760

236,687

226,837

217,535

194,358

172,281

154,684

151,997

136,171

129,171

123,895

PROVISION FOR LOAN LOSSES

2,965

5,665

6,530

10,212

9,685

4,465

3,753

3,484

6,626

8,962

11,419

7,957

Net interest income after provision for loan losses

286,125

267,095

230,157

216,625

207,850

189,893

168,528

151,200

145,371

127,209

117,752

115,938

NONINTEREST INCOME:
Trust fees

28,401

28,181

23,694

19,636

19,252

18,766

16,317

14,464

12,671

10,809

9,083

9,441

Service charges on deposit accounts

22,039

21,663

19,416

18,386

17,171

16,910

17,546

16,693

17,689

20,104

21,956

22,597

ATM, interchange and credit card fees

29,863

28,532

25,686

23,910

21,860

19,427

16,750

15,187

13,587

11,276

9,546

8,904

Real estate mortgage operations

18,144

15,157

15,109

16,086

10,409

6,511

7,056

5,094

3,943

3,812

2,909

2,536

Net gain on sale of available-for-sale securities (includes $2,062 and $- for the three months ended March 31, 2020 and 2019, respectively, related to accumulated other comprehensive earnings reclassifications)

733

1,354

1,828

1,270

432

-4

147

2,772

492

363

1,851

1,052

Net gain on sale of student loans

-

-

-

-

-

-

-

-

-

-

983

1,675

Net gain on sale of foreclosed assets

274

116

-50

456

538

904

-152

-350

-1,315

457

-548

5

Net gain on sale of assets

319

-147

-396

168

-820

10

183

-

-

-

-

-

Interest on loan recoveries

2,092

938

1,128

2,112

1,050

601

-

-

-

-

-

-

Other

6,563

5,970

4,602

3,108

3,540

3,499

4,205

3,349

4,371

2,657

2,818

3,243

Total noninterest income

108,428

101,764

91,017

85,132

73,432

66,624

62,052

57,209

51,438

49,478

48,598

49,453

NONINTEREST EXPENSE:
Salaries and employee benefits

112,336

105,189

95,287

90,739

80,999

70,456

66,529

58,269

56,256

52,641

49,486

49,285

Cost related to termination of pension plan

2,673

1,546

-

-

-

-

-

-

-

-

-

-

Loss from partial settlement of pension plan

-

-

-

-267

-

-2,909

-

-

-

-

-

-

Net occupancy expense

11,156

11,173

10,521

10,420

10,314

9,100

8,095

7,076

6,862

6,442

6,293

6,735

Equipment expense

9,052

10,118

10,120

13,479

12,222

10,740

9,673

8,790

7,800

7,476

7,743

7,547

FDIC insurance premiums

1,091

2,333

2,217

2,680

3,153

2,725

2,418

2,220

2,646

4,000

4,893

652

ATM, interchange and credit card expenses

9,856

9,282

7,452

7,231

6,384

6,870

5,660

5,448

4,918

3,779

3,200

3,921

Correspondent bank service charges

-

-

-

-

-

-

-

-

-

-

-

1,169

Professional and service fees

7,853

8,894

8,063

6,877

4,831

4,295

4,143

3,044

3,232

2,839

2,543

2,285

Printing, stationery and supplies

1,812

1,997

1,989

2,093

2,278

2,637

2,066

1,970

1,831

1,717

1,892

1,891

Operational and other losses

1,879

2,188

3,192

2,170

1,889

-

-

-

-

-

-

-

Software amortization and expense

7,305

6,020

6,940

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

1,016

1,272

613

738

561

275

197

149

402

609

851

1,204

Other

30,492

30,672

27,592

29,136

26,833

27,918

27,231

22,083

20,677

18,753

17,099

16,898

Total noninterest expense

196,521

190,684

173,986

165,830

149,464

137,925

126,012

109,049

104,624

98,256

94,000

91,587

EARNINGS BEFORE INCOME TAXES

198,032

178,175

147,188

135,927

131,818

118,592

104,568

99,360

92,185

78,431

72,350

73,804

INCOME TAX EXPENSE (includes $433 and $- for the three months ended March 31, 2020 and 2019, respectively, related to income tax expense reclassification)

33,220

27,537

26,817

31,153

31,437

29,033

25,700

25,135

23,816

20,068

18,553

20,640

NET EARNINGS BEFORE EXTRAORDINARY ITEM

-

-

-

-

-

-

-

-

-

58,363

53,797

53,164

EXTRAORDINARY ITEM - EXPROPRIATION OF LAND, NET OF INCOME TAXES OF $697

-

-

-

-

-

-

-

-

-

1,296

-

-

NET EARNINGS

164,812

150,638

120,371

104,774

100,381

89,559

78,868

74,225

68,369

59,659

53,797

53,164

NET EARNINGS PER SHARE, BASIC BEFORE EXTRAORDINARY ITEM

-

-

-

-

-

-

-

-

-

1.87

1.72

2.56

NET EARNINGS PER SHARE, ASSUMING DILUTION BEFORE EXTRAORDINARY ITEM

-

-

-

-

-

-

-

-

-

1.87

1.72

2.55

EARNINGS PER SHARE, BASIC

1.22

1.11

0.91

1.59

1.55

1.40

1.24

1.18

2.17

1.91

1.72

2.56

EARNINGS PER SHARE, ASSUMING DILUTION

1.21

1.11

0.91

1.59

1.54

1.39

1.24

1.18

2.17

1.91

1.72

2.55