CEO David Bailey attributed the record performance to disciplined balance sheet management and a stronger net interest margin, which climbed to 3.91 percent. The Abilene-based institution, which manages $15.16 billion in total assets, is preparing to cement its footprint in the Austin market with the launch of a new full-service branch in Bee Cave later this month.
First Financial Bankshares Reports Record Quarterly Earnings
First Financial Bankshares posted third-quarter 2026 earnings of $74.31 million, a significant jump from the $52.27 million reported during the same period last year. Diluted earnings per share reached $0.52, fueled by an expanding net interest margin and growth in the company's core banking operations across Texas.
Financial stability remains a central theme for the company, as it reported a provision for credit losses of $2.03 million for the quarter. This is a sharp decline from the $24.44 million recorded in the third quarter of 2025, a period heavily impacted by a single large loan charge-off related to borrower fraud. Wealth management also served as a reliable revenue driver, with fee income rising to $14.49 million, bolstered by new account acquisitions and increased mineral fee income tied to oil and gas pricing trends.
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