FIRST FINANCIAL BANKSHARES INC FFIN Income Statement

First financial bankshares inc (FFIN)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST INCOME:
Interest and fees on loans
234,319	224,556	219,163	213,468	206,833	200,347	190,442	181,763	173,969	166,807	163,962	161,624	160,255	161,018	161,899	160,856	156,948	151,662	145,561	140,875	138,687	136,684	134,767	133,021	128,125	121,512	114,711	107,913	103,977	102,172	100,656	99,501	99,120	98,767	98,359	96,469	94,628	92,715	90,901	90,498	0	0	0
Interest on investment securities:
Taxable
57,036	55,670	54,892	53,193	51,987	50,052	45,643	41,124	36,748	32,825	30,307	29,008	27,795	27,626	28,335	28,858	29,127	29,673	29,874	29,434	29,126	28,402	27,720	26,992	26,214	25,505	25,638	26,988	28,889	31,318	33,433	35,316	36,933	37,721	37,784	37,447	36,853	36,227	36,373	36,498	0	0	0
Exempt from federal income tax
37,006	37,075	37,581	38,344	39,083	39,661	40,550	42,083	43,508	44,659	45,074	44,791	44,128	43,302	42,861	42,510	41,626	40,080	37,976	35,854	34,221	33,081	32,264	31,409	30,244	28,843	27,593	26,597	25,990	25,552	24,910	23,969	22,972	22,312	21,632	20,847	20,064	19,216	18,772	18,513	0	0	0
Interest on federal funds sold and interest-bearing deposits in banks
2,030	1,891	1,913	2,002	1,606	1,630	2,030	2,200	2,049	1,684	1,155	614	558	342	261	202	188	208	286	326	365	372	360	389	420	509	535	611	718	754	885	975	1,066	1,221	1,398	1,505	1,536	1,541	1,199	888	0	0	0
Interest on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total interest income
330,391	319,192	313,549	307,007	299,509	291,690	278,665	267,170	256,274	245,975	240,498	236,037	232,736	232,288	233,356	232,426	227,889	221,623	213,697	206,489	202,399	198,539	195,111	191,811	185,003	176,369	168,477	162,109	159,574	159,796	159,884	159,761	160,091	160,021	159,173	156,268	153,081	149,699	147,256	146,465	0	0	0
INTEREST EXPENSE:
Interest on deposits
27,142	27,122	26,162	23,369	20,088	16,946	14,319	12,217	10,142	8,213	7,053	5,937	5,040	4,503	4,078	3,898	3,767	3,642	3,751	3,818	3,871	3,883	3,845	3,884	3,782	3,709	3,749	3,805	4,262	4,877	5,538	6,251	6,955	7,822	8,994	10,436	11,885	13,071	14,083	14,989	0	0	0
Other
2,771	2,980	3,346	2,809	2,596	1,984	966	1,311	1,016	1,075	1,116	732	862	948	975	854	663	446	331	268	244	298	371	427	438	379	314	262	214	235	230	203	209	202	213	262	344	457	572	668	0	0	0
Total interest expense
29,913	30,102	29,508	26,178	22,684	18,930	15,285	13,528	11,158	9,288	8,169	6,669	5,902	5,451	5,053	4,752	4,430	4,088	4,082	4,086	4,115	4,181	4,216	4,311	4,220	4,088	4,063	4,067	4,476	5,112	5,768	6,454	7,164	8,024	9,207	10,698	12,229	13,528	14,655	15,657	0	0	0
Net interest income
300,478	289,090	284,041	280,829	276,825	272,760	263,380	253,642	245,116	236,687	232,329	229,368	226,834	226,837	228,303	227,674	223,459	217,535	209,615	202,403	198,284	194,358	190,895	187,500	180,783	172,281	164,414	158,042	155,098	154,684	154,116	153,307	152,927	151,997	149,966	145,570	140,852	136,171	132,601	130,808	0	0	0
PROVISION FOR LOAN LOSSES
11,850	2,965	3,815	4,815	5,320	5,665	5,305	5,270	5,890	6,530	7,083	9,501	9,834	10,212	12,396	11,227	10,723	9,685	6,263	4,495	4,065	4,465	4,881	5,334	5,042	3,753	3,224	2,662	2,589	3,484	4,063	4,630	5,795	6,626	7,396	8,030	9,079	8,962	10,677	10,277	0	0	0
Net interest income after provision for loan losses
288,628	286,125	280,226	276,014	271,505	267,095	258,075	248,372	239,226	230,157	225,246	219,867	217,000	216,625	215,907	216,447	212,736	207,850	203,352	197,908	194,219	189,893	186,014	182,166	175,741	168,528	161,190	155,380	152,509	151,200	150,053	148,677	147,132	145,371	142,570	137,540	131,773	127,209	121,924	120,531	0	0	0
NONINTEREST INCOME:
Trust fees
28,859	28,401	27,973	28,213	28,256	28,181	27,155	25,904	24,581	23,694	22,993	22,019	20,998	19,636	19,410	19,162	19,176	19,252	19,158	19,112	18,921	18,766	18,330	17,696	17,100	16,317	15,501	15,086	14,803	14,464	13,998	13,540	13,081	12,671	12,425	11,866	11,327	10,809	10,232	9,652	0	0	0
Service charges on deposit accounts
22,778	22,039	21,893	21,954	21,955	21,663	20,849	20,242	19,750	19,416	19,289	19,002	18,523	18,386	18,342	18,199	17,816	17,171	16,729	16,478	16,631	16,910	17,160	17,556	17,698	17,546	17,441	16,980	16,706	16,693	16,575	16,720	17,198	17,689	18,228	18,846	19,619	20,104	20,983	21,304	0	0	0
ATM, interchange and credit card fees
30,423	29,863	28,882	28,687	28,376	28,532	28,154	26,961	26,518	25,686	25,492	25,152	24,394	23,910	23,172	22,966	22,571	21,860	21,345	20,644	19,953	19,427	18,726	18,037	17,464	16,750	16,274	15,637	15,240	15,187	14,778	14,555	14,186	13,587	13,056	12,427	11,842	11,276	10,683	10,195	0	0	0
Real estate mortgage operations
18,522	18,144	17,367	16,468	15,698	15,157	15,331	14,388	14,625	15,109	15,733	16,539	16,364	16,086	14,936	13,981	12,066	10,409	9,393	7,730	6,969	6,511	6,418	6,347	6,696	7,056	6,409	5,896	5,428	5,094	4,776	4,337	4,060	3,943	4,171	4,269	4,185	3,812	3,302	3,006	0	0	0
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)
2,795	733	736	742	133	1,354	1,349	2,366	3,046	1,828	1,942	1,106	1,271	1,270	1,205	1,102	429	432	380	245	5	-4	-4	-113	-79	147	712	2,299	2,648	2,772	2,371	959	619	492	611	551	581	363	977	1,468	0	0	0
Net gain on sale of student loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net gain on sale of foreclosed assets
206	274	107	120	86	116	194	99	8	-50	70	71	421	456	873	911	584	538	109	386	482	904	915	646	616	-152	-109	-251	-672	-350	-663	-539	-1,246	-1,315	-1,082	-787	383	457	256	42	0	0	0
Net gain on sale of assets
435	319	246	-50	-56	-147	-337	-291	-491	-396	-314	-467	-341	168	-539	-382	-312	-820	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on loan recoveries
2,019	2,092	2,147	1,771	1,157	938	839	1,045	1,093	1,128	1,037	1,341	1,633	2,112	2,187	1,801	1,575	1,050	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
6,686	6,563	6,529	6,361	6,173	5,970	5,733	5,758	5,024	4,602	4,195	3,566	3,334	3,108	3,105	3,245	3,451	3,540	2,626	2,335	2,431	3,499	3,737	4,864	4,819	4,205	4,908	3,913	3,718	3,349	3,217	3,892	3,996	4,371	4,110	3,362	3,273	2,657	2,779	2,739	0	0	0
Total noninterest income
112,723	108,428	105,880	104,266	101,778	101,764	99,267	96,472	94,154	91,017	90,437	88,329	86,597	85,132	82,691	80,985	77,356	73,432	71,175	68,053	66,116	66,624	65,465	65,216	64,497	62,052	61,136	59,560	57,871	57,209	55,052	53,464	51,894	51,438	51,519	50,534	51,210	49,478	49,485	48,679	0	0	0
NONINTEREST EXPENSE:
Salaries and employee benefits
114,554	112,336	109,115	106,942	106,410	105,189	103,862	101,628	98,231	95,287	93,938	92,726	91,408	90,739	89,581	88,298	85,324	80,999	76,904	73,206	71,307	70,456	70,335	69,886	68,763	66,529	63,838	61,182	59,220	58,269	57,168	56,431	56,250	56,256	56,368	55,386	54,219	52,641	50,825	49,940	0	0	0
Net occupancy expense
11,420	11,156	10,956	11,026	11,053	11,173	11,028	10,839	10,804	10,521	10,616	10,577	10,389	10,420	10,559	10,937	10,748	10,314	9,937	9,184	9,063	9,100	8,905	8,772	8,563	8,095	7,784	7,426	7,105	7,076	6,993	7,010	6,952	6,862	6,804	6,635	6,511	6,442	6,392	6,305	0	0	0
Equipment expense
8,674	9,052	8,038	8,442	9,055	10,118	9,309	9,974	10,199	10,120	13,689	13,815	13,536	13,479	13,403	13,097	12,703	12,222	11,700	11,344	11,017	10,740	10,567	10,299	10,014	9,673	9,420	9,199	8,963	8,790	8,529	8,230	8,037	7,800	7,726	7,607	7,509	7,476	7,462	7,579	0	0	0
FDIC insurance premiums
598	1,091	1,656	2,211	2,305	2,333	2,327	2,318	2,236	2,217	2,183	2,135	2,403	2,680	2,992	3,298	3,229	3,153	3,005	2,879	2,814	2,725	2,674	2,621	2,505	2,418	2,345	2,268	2,265	2,220	2,173	2,171	2,203	2,646	3,175	3,589	3,982	4,000	3,771	5,101	0	0	0
ATM, interchange and credit card expenses
10,458	9,856	10,027	9,744	9,522	9,282	8,627	8,284	7,882	7,452	7,396	7,254	7,257	7,231	6,893	6,543	6,346	6,384	6,718	7,028	7,115	6,870	6,494	6,149	5,800	5,660	5,593	5,436	5,539	5,448	5,327	5,286	5,019	4,918	4,856	4,470	4,153	3,779	3,238	2,966	0	0	0
Correspondent bank service charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Professional and service fees
8,615	7,853	8,002	8,274	8,313	8,894	8,798	8,660	8,659	8,063	7,658	7,505	7,130	6,877	6,558	5,823	5,330	4,831	4,417	4,474	4,280	4,295	4,198	4,356	4,420	4,143	3,973	3,448	3,110	3,044	2,960	2,852	2,997	3,232	3,334	3,316	3,118	2,839	2,644	2,523	0	0	0
Printing, stationery and supplies
2,012	1,812	1,860	1,767	1,877	1,997	2,051	2,113	2,037	1,989	2,013	2,100	2,028	2,093	2,120	2,178	2,185	2,278	2,337	2,375	2,458	2,637	2,523	2,425	2,369	2,066	1,990	1,924	1,937	1,970	1,955	1,930	1,908	1,831	1,795	1,777	1,716	1,717	1,790	1,830	0	0	0
Operational and other losses
2,189	1,879	1,589	2,063	1,888	2,188	2,404	2,504	2,773	3,192	3,358	2,810	2,669	2,170	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software amortization and expense
7,732	7,305	8,275	7,901	7,093	6,020	7,099	6,448	6,964	6,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
1,256	1,016	1,001	1,034	1,154	1,272	1,187	1,051	832	613	644	673	707	738	769	797	670	561	426	288	290	275	288	303	262	197	149	110	115	149	205	268	335	402	463	513	561	609	677	742	0	0	0
Other
34,291	30,492	30,752	30,463	30,037	30,672	29,851	29,182	29,015	27,592	27,882	28,563	28,607	29,136	27,968	28,375	27,692	26,833	27,202	25,935	28,167	27,918	28,602	31,269	28,293	27,231	26,457	22,225	21,798	22,083	21,361	21,610	21,230	20,677	20,673	20,095	19,501	18,753	17,446	16,780	0	0	0
Total noninterest expense
204,472	196,521	192,817	191,413	190,253	190,684	186,543	183,001	179,632	173,986	171,881	169,920	166,901	165,830	164,184	162,154	156,602	149,464	145,555	139,622	139,420	137,925	134,586	136,080	130,989	126,012	121,549	113,218	110,052	109,049	106,671	105,788	104,931	104,624	104,630	103,016	101,079	98,256	95,013	94,665	0	0	0
EARNINGS BEFORE INCOME TAXES
196,879	198,032	193,289	188,867	183,030	178,175	170,799	161,843	153,748	147,188	143,802	138,276	136,696	135,927	134,414	135,278	133,490	131,818	128,972	126,339	120,915	118,592	116,893	111,302	109,249	104,568	100,777	101,722	100,328	99,360	98,434	96,353	94,095	92,185	89,459	85,058	81,904	78,431	76,396	74,545	0	0	0
INCOME TAX EXPENSE (includes $433 and $- for the three months ended March 31, 2020 and 2019, respectively, related to income tax expense reclassification)
33,087	33,220	31,428	30,036	28,659	27,537	22,454	24,174	25,457	26,817	32,908	31,153	31,019	31,153	31,115	31,696	31,410	31,437	31,195	31,017	29,695	29,033	28,682	26,960	26,622	25,700	24,830	25,537	25,282	25,135	25,060	24,692	24,265	23,816	23,042	21,795	20,963	20,068	19,562	19,078	0	0	0
NET EARNINGS BEFORE EXTRAORDINARY ITEM
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
EXTRAORDINARY ITEM - EXPROPRIATION OF LAND, NET OF INCOME TAXES OF $697
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
NET EARNINGS
163,792	164,812	161,861	158,831	154,371	150,638	148,345	137,669	128,291	120,371	110,894	107,123	105,677	104,774	103,299	103,582	102,080	100,381	97,777	95,322	91,220	89,559	88,211	84,342	82,627	78,868	75,947	76,185	75,046	74,225	73,374	71,661	69,830	68,369	66,417	64,559	62,237	59,659	58,130	55,467	0	0	0
NET EARNINGS PER SHARE, BASIC BEFORE EXTRAORDINARY ITEM
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.48	-	-	0.67	-
NET EARNINGS PER SHARE, ASSUMING DILUTION BEFORE EXTRAORDINARY ITEM
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.48	-	-	0.67	-
EARNINGS PER SHARE, BASIC
0.26	0.31	0.32	0.31	0.28	0.27	0.30	0.28	0.26	-0.36	0.44	0.43	0.40	0.40	0.39	0.41	0.39	0.39	0.40	0.39	0.37	0.35	0.37	0.33	0.35	0.33	0.31	0.31	0.29	-0.59	0.63	0.58	0.56	0.54	0.58	0.53	0.52	0.50	0.52	0.45	0.44	0.67	0.65
EARNINGS PER SHARE, ASSUMING DILUTION
0.26	0.30	0.32	0.31	0.28	0.29	0.29	0.28	0.25	-0.36	0.44	0.43	0.40	0.40	0.39	0.41	0.39	0.38	0.40	0.39	0.37	0.35	0.36	0.33	0.35	0.34	0.30	0.31	0.29	-0.59	0.63	0.58	0.56	0.56	0.57	0.52	0.52	0.50	0.52	0.45	0.44	0.67	0.65
DIVIDENDS PER SHARE
0.12	-	0.12	0.12	0.11	-	0.11	0.11	0.10	-	0.19	0.19	0.18	-	0.18	0.18	0.16	-	0.16	0.16	0.14	-	0.14	0.14	0.13	-	0.13	0.13	0.13	-	0.25	0.25	0.24	-	0.24	0.24	0.23	-	0.23	0.23	0.23	0.34	0.34