First Financial Bankshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 24, 2019 at 09:05 pm
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First Financial Bankshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported interest income of USD 76,481,000 against USD 63,456,000 a year ago. Net interest income was USD 70,274,000 against USD 60,894,000 a year ago. Net income was USD 38,437,000 against USD 36,143,000 a year ago. Basic earnings per share were USD 0.57 against USD 0.55 a year ago. Diluted earnings per share were USD 0.56 against USD 0.54 a year ago.
For the year, the company reported interest income of USD 291,690,000 against USD 245,975,000 a year ago. Net interest income was USD 272,760,000 against USD 236,687,000 a year ago. Net income was USD 150,638,000 against USD 120,371,000 a year ago. Basic earnings per share were USD 2.23 against USD 1.82 a year ago. Diluted earnings per share were USD 2.22 against USD 1.81 a year ago.
First Financial Bankshares, Inc. is a financial holding company. The Company, through its subsidiaries, conducts a full-service commercial banking business. Its subsidiary bank, First Financial Bank, N.A., provides general commercial banking services, which include accepting and holding checking, savings, and time deposits, making loans, offering automated teller machines (ATMs), drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and other customary commercial banking services. It also provides trust and wealth management activities through its trust company, First Financial Trust & Asset Management Company, N.A. Through its trust company, it offers personal trust services, which include wealth management, the administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts. Its loan portfolio consists of professionals, individuals, and others.
FIRST FINANCIAL BANKSHARES, INC. 
