회사 개요
First Financial Bankshares, Inc. operates primarily through its subsidiaries to provide comprehensive banking services across the United States, offering a range of general commercial banking products such as checking and savings accounts, time deposits, various loan products, automated teller machine access, and secure deposit facilities. The company is classified within the Financial Services sector and specifically operates in the Banks - Regional industry, a segment characterized by institutions that focus on local and regional markets rather than national or international operations. Its current market capitalization stands at $4.54B, supported by an annual revenue of $602.99M and an workforce of 1500 employees, establishing a distinct presence in the regional banking landscape. These valuation and revenue figures indicate that the company has achieved a substantial scale that allows it to compete effectively within the regional banking sector while maintaining a significant asset base relative to many of its regional peers.
재무 건전성
The company reported a Total Revenue of $602.99M over the trailing twelve months, with a corresponding Net Income of $253.58M, while specific EBITDA data is not available in the provided records. The substantial difference between the total revenue and the net income highlights a cost structure where operating expenses, such as salaries, technology costs, and loan loss provisions, consume a significant portion of the top line before reaching the bottom line. Although Free Cash Flow figures are not explicitly listed, the company holds a Cash balance of $257.82M against a Debt obligation of $84.77M, indicating a liquidity position that is well-capitalized relative to its borrowings. The balance sheet appears conservative given that the available cash significantly exceeds total debt, and the Debt to Equity ratio is not listed in the available facts, suggesting the company does not rely heavily on leverage to fund its operations. Furthermore, the Current Ratio is not disclosed in the provided data, so a specific assessment of short-term liquidity based on current assets versus current liabilities cannot be made from the available metrics. Regarding profitability efficiency, the Return on Equity is 14.4% and the Return on Assets is 1.7%, metrics that reveal how effectively management generates profit from shareholders' capital and the total asset base respectively. The operating margin stands at 57.3%, the profit margin at 42.1%, and the gross margin is reported as 0.0%, a standard characteristic for financial institutions where revenue is net of interest expense rather than traditional sales costs.
밸류에이션 평가
The trailing twelve-month P/E ratio is 17.90, while the forward P/E is 15.07, implying that the market expects earnings growth in the future that would justify a lower multiple on anticipated earnings compared to historical performance. The Price to Book ratio is 2.35, which indicates that the stock is trading at a significant premium over its tangible book value, reflecting investor confidence in the bank's intangible assets, franchise value, and future growth prospects beyond the book value calculation. Alternative valuation metrics include a Price to Sales ratio of 7.52, while the EV/EBITDA metric is not available in the provided facts, suggesting that analysts may rely more heavily on earnings-based or book-value-based comparisons for this regional bank. The stock's recent trading range shows a 52-Week High of $38.74 and a 52-Week Low of $28.12, providing context for price volatility and historical performance levels over the past year. The Beta value is 0.83, indicating that the stock price tends to be less volatile than the broader market, moving with slightly less intensity than the overall market index during periods of fluctuation.
Growth & Income
Revenue growth for the year-over-year period is 14.5%, while earnings growth is 18.5%, demonstrating that profitability is expanding at a faster pace than top-line revenue, which often points to improving operational leverage or favorable mix of higher-margin products. As a dividend payer, the company offers a Dividend Yield of 2.4% with a Payout Ratio of 42.4%, a level that suggests the dividend payments are highly sustainable given that the payout consumes less than half of the generated net income. This conservative payout ratio allows the company to retain a substantial portion of its earnings for potential capital expansion, loan growth, or share buybacks rather than distributing all profits to shareholders. Overall, the combination of double-digit revenue expansion, accelerating earnings growth, and a sustainable dividend yield presents a growth and income profile that balances capital appreciation potential with income generation for investors.