First Historical Income Statement

FFIN Stock

USD 41.68 0.35 0.83%

Historical analysis of First Financial income statement accounts such as Selling General Administrative of 152.2 M or Total Revenue of 666.3 M can show how well First Financial Bankshares performed in making a profits. Evaluating First Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Financial's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining First Financial Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Financial Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Financial Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in First Stock, please use our How to Invest in First Financial guide.

About First Income Statement Analysis

First Financial Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Financial shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Financial Income Statement Chart

At this time, First Financial's Income Before Tax is very stable compared to the past year. As of the 29th of November 2024, Total Other Income Expense Net is likely to grow to about 255.5 M, while Depreciation And Amortization is likely to drop about 866.4 K.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Ebitda

Total Revenue

Total revenue comprises all receipts First Financial Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of First Financial Bankshares minus its cost of goods sold. It is profit before First Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Financial Bank. It is also known as First Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from First Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Financial Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Financial Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in First Stock, please use our How to Invest in First Financial guide.At this time, First Financial's Income Before Tax is very stable compared to the past year. As of the 29th of November 2024, Total Other Income Expense Net is likely to grow to about 255.5 M, while Depreciation And Amortization is likely to drop about 866.4 K.

	2021	2022	2023	2024 (projected)
Interest Expense	6.0M	31.4M	144.3M	151.5M
Depreciation And Amortization	12.1M	22.0M	912K	866.4K

Interest Expense Depreciation And Amortization

First Financial income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Extraordinary Items	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.18	0.36	0.26	0.26	0.33	0.61	0.56	0.62	-0.48	0.49	-0.21	0.51	0.44	0.11	0.64	-0.52	0.56	0.59	0.41	-0.16
Interest Expense	-0.18		0.54	0.72	0.72	0.57	0.17	0.18	0.17	0.89	0.49	0.88	0.48	0.14	-0.21	0.34	-0.5	0.5	0.55	0.69	-0.67
Selling General Administrative	0.36	0.54		0.97	0.97	0.99	0.84	0.86	0.86	0.13	0.98	0.5	0.98	0.81	0.44	0.89	-0.58	0.71	0.86	0.82	-0.56
Total Revenue	0.26	0.72	0.97		1.0	0.97	0.74	0.76	0.75	0.37	0.95	0.64	0.94	0.71	0.27	0.83	-0.61	0.75	0.88	0.88	-0.65
Gross Profit	0.26	0.72	0.97	1.0		0.97	0.74	0.76	0.75	0.37	0.95	0.64	0.94	0.71	0.27	0.83	-0.61	0.75	0.88	0.88	-0.65
Other Operating Expenses	0.33	0.57	0.99	0.97	0.97		0.79	0.82	0.81	0.17	0.96	0.55	0.95	0.79	0.38	0.85	-0.54	0.69	0.83	0.8	-0.55
Operating Income	0.61	0.17	0.84	0.74	0.74	0.79		0.99	0.99	-0.25	0.89	0.13	0.9	0.93	0.47	0.95	-0.55	0.7	0.85	0.78	-0.26
Ebit	0.56	0.18	0.86	0.76	0.76	0.82	0.99		1.0	-0.24	0.89	0.16	0.9	0.93	0.47	0.95	-0.55	0.68	0.84	0.78	-0.21
Ebitda	0.62	0.17	0.86	0.75	0.75	0.81	0.99	1.0		-0.26	0.9	0.14	0.91	0.92	0.46	0.96	-0.57	0.7	0.86	0.78	-0.23
Total Operating Expenses	-0.48	0.89	0.13	0.37	0.37	0.17	-0.25	-0.24	-0.26		0.06	0.74	0.05	-0.22	-0.48	-0.08	-0.21	0.22	0.17	0.36	-0.43
Income Before Tax	0.49	0.49	0.98	0.95	0.95	0.96	0.89	0.89	0.9	0.06		0.44	1.0	0.82	0.43	0.95	-0.64	0.79	0.92	0.85	-0.58
Total Other Income Expense Net	-0.21	0.88	0.5	0.64	0.64	0.55	0.13	0.16	0.14	0.74	0.44		0.43	0.14	-0.1	0.3	-0.46	0.38	0.44	0.58	-0.65
Net Income	0.51	0.48	0.98	0.94	0.94	0.95	0.9	0.9	0.91	0.05	1.0	0.43		0.81	0.43	0.96	-0.67	0.78	0.93	0.86	-0.58
Income Tax Expense	0.44	0.14	0.81	0.71	0.71	0.79	0.93	0.93	0.92	-0.22	0.82	0.14	0.81		0.42	0.84	-0.26	0.64	0.73	0.69	-0.12
Selling And Marketing Expenses	0.11	-0.21	0.44	0.27	0.27	0.38	0.47	0.47	0.46	-0.48	0.43	-0.1	0.43	0.42		0.39	-0.08	-0.04	0.16	0.02	-0.26
Net Income From Continuing Ops	0.64	0.34	0.89	0.83	0.83	0.85	0.95	0.95	0.96	-0.08	0.95	0.3	0.96	0.84	0.39		-0.73	0.8	0.95	0.87	-0.41
Extraordinary Items	-0.52	-0.5	-0.58	-0.61	-0.61	-0.54	-0.55	-0.55	-0.57	-0.21	-0.64	-0.46	-0.67	-0.26	-0.08	-0.73		-0.64	-0.79	-0.75	0.53
Tax Provision	0.56	0.5	0.71	0.75	0.75	0.69	0.7	0.68	0.7	0.22	0.79	0.38	0.78	0.64	-0.04	0.8	-0.64		0.91	0.87	-0.46
Net Interest Income	0.59	0.55	0.86	0.88	0.88	0.83	0.85	0.84	0.86	0.17	0.92	0.44	0.93	0.73	0.16	0.95	-0.79	0.91		0.95	-0.53
Interest Income	0.41	0.69	0.82	0.88	0.88	0.8	0.78	0.78	0.78	0.36	0.85	0.58	0.86	0.69	0.02	0.87	-0.75	0.87	0.95		-0.47
Reconciled Depreciation	-0.16	-0.67	-0.56	-0.65	-0.65	-0.55	-0.26	-0.21	-0.23	-0.43	-0.58	-0.65	-0.58	-0.12	-0.26	-0.41	0.53	-0.46	-0.53	-0.47

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First Financial Account Relationship Matchups

First Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	8.3M	20.7M	12.1M	22.0M	912K	866.4K
Interest Expense	30.1M	14.2M	6.0M	31.4M	144.3M	151.5M
Selling General Administrative	116.1M	136.9M	147.1M	137.8M	145.0M	152.2M
Total Revenue	387.7M	478.6M	500.6M	520.8M	634.5M	666.3M
Gross Profit	387.7M	478.6M	500.6M	520.8M	634.5M	666.3M
Other Operating Expenses	189.6M	236.2M	228.6M	207.0M	243.3M	255.5M
Operating Income	198.0M	242.4M	272.0M	313.9M	243.3M	136.3M
Ebit	198.0M	242.4M	272.9M	271.6M	243.3M	134.9M
Ebitda	206.4M	263.1M	285.0M	293.6M	243.3M	142.2M
Total Operating Expenses	(189.6M)	(236.2M)	(228.6M)	(207.0M)	243.3M	255.5M
Income Before Tax	198.0M	242.4M	272.0M	280.9M	243.3M	255.5M
Total Other Income Expense Net	198.0M	(12.6M)	(15.9M)	(14.9M)	243.3M	255.5M
Net Income	164.8M	202.0M	227.6M	234.5M	199.0M	208.9M
Income Tax Expense	33.2M	40.3M	44.4M	46.4M	44.3M	24.4M
Net Income Applicable To Common Shares	164.8M	202.0M	227.6M	234.5M	269.6M	283.1M
Selling And Marketing Expenses	6.8M	4.6M	6.4M	6.4M	2.8M	5.3M
Net Income From Continuing Ops	164.8M	202.0M	227.6M	234.5M	199.0M	147.2M
Tax Provision	33.2M	40.3M	44.4M	46.4M	44.3M	39.8M
Net Interest Income	289.1M	350.7M	374.4M	404.3M	385.9M	337.1M
Interest Income	319.2M	365.0M	380.4M	435.7M	530.1M	369.4M
Reconciled Depreciation	11.7M	12.8M	12.7M	11.2M	12.6M	9.9M

Pair Trading with First Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.94	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against First Stock

0.45	CFG-PE	Citizens Financial	Pair Corr
0.42	TFC-PO	Truist Financial	Pair Corr
0.39	TFC-PR	Truist Financial	Pair Corr

The ability to find closely correlated positions to First Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Financial Bankshares to buy it.

The correlation of First Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Financial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether First Financial Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Financial Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Financial Bankshares Stock:

How To Invest In First

Details

Is First Stock a good investment?

Details

What is First Financial's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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To learn how to invest in First Stock, please use our How to Invest in First Financial guide.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Financial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.115

Dividend Share

0.72

Earnings Share

1.45

Revenue Per Share

3.574

Quarterly Revenue Growth

0.112

The market value of First Financial Bank is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Financial's value that differs from its market value or its book value, called intrinsic value, which is First Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Financial's market value can be influenced by many factors that don't directly affect First Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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First Historical Income Statement

About First Income Statement Analysis

First Financial Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

First Financial income statement Correlations

First Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Financial income statement Accounts

Pair Trading with First Financial

Moving together with First Stock

Moving against First Stock

COMMON DESTINATIONS

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COMPANY

Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Other Operating Expenses	+ 0.99	Selling General Administrative
Ebit	+ 0.99	Operating Income
Ebitda	+ 0.99	Operating Income

Net Interest Income	- 0.79	Extraordinary Items
Interest Income	- 0.75	Extraordinary Items
Extraordinary Items	- 0.73	Net Income From Continuing Ops
Extraordinary Items	- 0.67	Net Income
Reconciled Depreciation	- 0.67	Interest Expense
Reconciled Depreciation	- 0.65	Total Other Income Expense Net