# EDGAR Filing Document

**Accession Number:** 0000036029
**File Stem:** 0001193125-26-161740
**Filing Date:** 2026-4
**Character Count:** 31971
**Document Hash:** c82a09c65da3452bebcb86c7b59fb595
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-161740.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001193125-26-161740

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20260416

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST FINANCIAL BANKSHARES INC
- **CENTRAL INDEX KEY:** 0000036029
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 750944023
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-07674
- **FILM NUMBER:** 26872448

**BUSINESS ADDRESS:**
- **STREET 1:** 400 PINE STREET
- **CITY:** ABILENE
- **STATE:** TX
- **ZIP:** 79601
- **BUSINESS PHONE:** 325.627.7167

**MAIL ADDRESS:**
- **STREET 1:** 400 PINE STREET
- **CITY:** ABILENE
- **STATE:** TX
- **ZIP:** 79601

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**FORM** 8-K

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**CURRENT REPORT**<br>**PURSUANT TO SECTION 13 OR 15(d)**<br>**OF THE SECURITIES EXCHANGE ACT OF 1934**<br>

**Date of Report (Date of Earliest Event Reported):** April 16, 2026

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First Financial Bankshares, Inc.

**(Exact name of registrant as specified in its Charter)**

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| | | |
|:---|:---|:---|
| Texas | 0-07674 | 75-0944023 |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(Commission <br>File No.)** | **(I.R.S. Employer**<br>**Identification No.)** |
|  | 400 Pine Street**,** Abilene**,** Texas 79601 |  |
|  | **(Address of Principal Executive Offices and Zip Code)** |  |
|  | **Registrant's Telephone Number (**325**)** 627-7155 |  |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 203.425)

☐ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13 e-4 (c))

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Name of each exchange<br>on which registered** |
| &nbsp;&nbsp;Common Stock, $0.01 par value<br> &nbsp;&nbsp;FFIN | &nbsp;&nbsp;The Nasdaq Global Select Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Attached as an exhibit to this Form 8-K is the earnings release for the quarter ended March 31, 2026 of First Financial Bankshares, Inc.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

[<u>99.1 Press Release dated April 16, 2026</u>](ffin-ex99_1.htm)

104 Cover Page Interactive Data File (embedded within Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;FIRST FINANCIAL BANKSHARES, INC. |
|  |  | &nbsp;&nbsp;(Registrant) |
| &nbsp;&nbsp;DATE: April 17, 2026 | &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ David W. Bailey |
|  |  | &nbsp;&nbsp;David W. Bailey |
|  |  | &nbsp;&nbsp;President and Chief Executive Officer |

---

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## Exhibit 99.1

For immediate release For More Information:Michelle S. Hickox, EVP & Chief Financial Officer 325.627.7155

**FIRST FINANCIAL BANKSHARES ANNOUNCES FIRST QUARTER 2026 EARNINGS**

ABILENE, Texas, April 16, 2026 - <u>First Financial Bankshares, Inc.</u> (the "Company," "we," "us" or "our") (NASDAQ: FFIN) today reported earnings for the first quarter of 2026 of $71.54 million compared to earnings of $73.31 million for the fourth quarter of 2025 and $61.35 million for the same quarter a year ago. Basic and diluted earnings per share were $0.50 for the quarter ended March 31, 2026 compared to $0.51 for the quarter ended December 31, 2025 and $0.43 for the quarter ended March 31, 2025.

"We are pleased to start 2026 with a strong increase in net income of 16.6 percent year over year, primarily due to our core balance sheet growth and decreased funding costs over the past year," said David Bailey, President and CEO. "While the current macro environment is uncertain with the ongoing Iran conflict, our Company remains financially strong, sound and secure as reflected in our strong capital levels, diversified core deposit base, and sound lending practices. We appreciate our associates who work hard every day to build new customer relationships while providing exceptional service," added Mr. Bailey.

Net interest income for the first quarter of 2026 was $134.79 million compared to $131.37 million for the fourth quarter of 2025 and $118.79 million for the first quarter of 2025. The net interest margin, on a tax-equivalent basis, was 3.86 percent for the first quarter of 2026 compared to 3.81 percent for the fourth quarter of 2025 and 3.74 percent for the first quarter of 2025. Net interest income was affected by a $1.26 million reversal of interest expense, improving the core margin by about 3 basis points. Average interest-earning assets were $14.54 billion for the first quarter of 2026 compared to $14.08 billion for the fourth quarter of 2025 and $13.16 billion for the same quarter a year ago.

The Company recorded a provision for credit losses of $2.29 million for the first quarter of 2026 compared to a provision reversal of $2.49 million for the fourth quarter of 2025 and a provision for credit losses of $3.53 million for the first quarter of 2025.

At March 31, 2026, the allowance for credit losses totaled $107.92 million, or 1.30 percent of loans held-for-investment ("loans" hereafter), compared to $105.54 million, or 1.29 percent of loans, at December 31, 2025 and $101.08 million, or 1.27 percent of loans, at March 31, 2025.

Net charge-offs totaled $356 thousand for the first quarter of 2026 compared to net charge-offs of $391 thousand for the fourth quarter of 2025 and $236 thousand for the first quarter of 2025. Nonperforming assets as a percentage of loans and foreclosed assets decreased to 0.66 percent at March 31, 2026, compared with 0.69 percent at December 31, 2025 and 0.78 percent at March 31, 2025.

Noninterest income for the first quarter of 2026 was $32.10 million compared to $30.23 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Trust fees increased to $13.36 million for the first quarter of 2026 compared to $12.65 million for the first quarter of 2025, driven by the increase in market value of trust assets managed to $11.91 billion at March 31, 2026, compared to $10.86 billion at March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Service charges on deposits decreased to $6.08 million for the first quarter of 2026 compared with $6.18 million for the first quarter of 2025, driven by a decrease in overdraft fees.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Mortgage income increased to $4.28 million for the first quarter of 2026 compared to $2.83 million for the first quarter of 2025, due to increased volume in mortgage loans originated and better margins.

Noninterest expense for the first quarter of 2026 totaled $76.77 million compared to $70.34 million for the first quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Salary, commissions, and employee benefit costs increased to $45.98 million for the first quarter of 2026, compared to $42.14 million in the first quarter of 2025, primarily resulting from additions to staff and merit-based and market driven pay increases to officers and employees over the past year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Noninterest expenses, excluding salary related costs, increased $2.59 million for the first quarter of 2026 compared to the same period in 2025, largely due to increases in software amortization, professional fees and operational and other losses.

The Company's efficiency ratio was 44.98 percent for the first quarter of 2026 compared to 46.36 percent for the first quarter of 2025.

As of March 31, 2026, consolidated total assets were $15.39 billion compared to $15.45 billion at December 31, 2025, and $14.31 billion at March 31, 2025. Loans totaled $8.29 billion at March 31, 2026, compared with $8.16 billion at December 31, 2025 and $7.95 billion at March 31, 2025. Loans grew $126.84 million or 6.31 percent annualized from 2025 year end balances. Deposits and Repurchase Agreements totaled $13.31 billion at March 31, 2026 compared to $13.41 billion at December 31, 2025 and $12.52 billion at March 31, 2025. Core deposits grew during the quarter but were offset by declines in public fund balances.

Shareholders' equity was $1.94 billion as of March 31, 2026, compared to $1.92 billion and $1.68 billion at December 31, 2025 and March 31, 2025, respectively. The unrealized loss on the securities portfolio, net of applicable tax, totaled $290.06 million at March 31, 2026, compared to an unrealized loss of $269.94 million and $388.89 million at December 31, 2025 and March 31, 2025, respectively, due to the changes in market interest rates during the respective periods.

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**About First Financial Bankshares, Inc.**

Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, with nine locations and First Technology Services, Inc., a technology operating company.

The Company is listed on The Nasdaq Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://www.ffin.com.

####

Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast," "project," and "goal." Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents and Filings" on the Company's Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

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**FIRST FINANCIAL BANKSHARES, INC.**

**CONSOLIDATED FINANCIAL SUMMARY (UNAUDITED)**

**(In thousands, except share and per share data)**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **ASSETS** | **Mar. 31** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Cash and due from banks | 264850 | 249466 | 237466 | 264000 | 232943 |
| Interest-bearing demand deposits in banks | 458203 | 826947 | 401580 | 435612 | 682362 |
| Federal funds sold | 14075 | 1575 | 11750 | 8750 | 11750 |
| Investment securities | 5668792 | 5514113 | 5260813 | 4886548 | 4760431 |
| Loans, held-for-investment | 8285120 | 8158276 | 8243625 | 8074944 | 7945611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (107918) | (105536) | (105958) | (102792) | (101080) |
| Net loans, held-for-investment | 8177202 | 8052740 | 8137667 | 7972152 | 7844531 |
| Loans, held-for-sale | 22984 | 29992 | 26015 | 33233 | 14348 |
| Premises and equipment, net | 150989 | 149985 | 149651 | 148999 | 150589 |
| Goodwill | 313481 | 313481 | 313481 | 313481 | 313481 |
| Other intangible assets | 128 | 171 | 257 | 343 | 428 |
| Other assets | 316941 | 308006 | 302848 | 313723 | 301251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $15387645 | $15446476 | $14841528 | $14376841 | $14312114 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |
| Noninterest-bearing deposits | 3385878 | 3401057 | 3446262 | 3439059 | 3356553 |
| Interest-bearing deposits | 9859359 | 9944472 | 9399986 | 9009357 | 9110218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 13245237 | 13345529 | 12846248 | 12448416 | 12466771 |
| Repurchase agreements | 67946 | 62956 | 50646 | 48026 | 56606 |
| Borrowings | 22306 | 21680 | 21956 | 22153 | 26978 |
| Trade date payable | - | - | - | 24965 | - |
| Other liabilities | 108305 | 98994 | 92410 | 95929 | 81498 |
| Shareholders' equity | 1943851 | 1917317 | 1830268 | 1737352 | 1680261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $15387645 | $15446476 | $14841528 | $14376841 | $14312114 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **INCOME STATEMENTS** | **Mar. 31** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Interest income | 182945 | 182869 | 179692 | 172810 | 167110 |
| Interest expense | 48154 | 51501 | 52691 | 49080 | 48321 |
| Net interest income | 134791 | 131368 | 127001 | 123730 | 118789 |
| Provision for credit losses | 2291 | (2486) | 24435 | 3132 | 3528 |
| Net interest income after provision for credit losses | 132500 | 133854 | 102566 | 120598 | 115261 |
| Noninterest income | 32096 | 33349 | 34264 | 32873 | 30230 |
| Noninterest expense | 76768 | 77650 | 73666 | 71735 | 70335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income before income taxes | 87828 | 89553 | 63164 | 81736 | 75156 |
| Income tax expense | 16285 | 16239 | 10897 | 15078 | 13810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $71543 | $73314 | $52267 | $66658 | $61346 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PER COMMON SHARE DATA** |  |  |  |  |  |
| Net income - basic | $0.50 | $0.51 | $0.37 | $0.47 | $0.43 |
| Net income - diluted | 0.50 | 0.51 | 0.36 | 0.47 | 0.43 |
| Cash dividends declared | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 |
| Book value | 13.57 | 13.39 | 12.78 | 12.14 | 11.75 |
| Tangible book value | 11.38 | 11.20 | 10.59 | 9.95 | 9.55 |
| Market value | 29.45 | 29.87 | 33.65 | 35.98 | 35.92 |
| Shares outstanding - end of period | 143279030 | 143213102 | 143188051 | 143077619 | 143019433 |
| Average outstanding shares - basic | 143210755 | 143180215 | 143105224 | 143023544 | 142949514 |
| Average outstanding shares - diluted | 143608079 | 143542801 | 143474169 | 143378505 | 143355148 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PERFORMANCE RATIOS** |  |  |  |  |  |
| Return on average assets | 1.89% | 1.94% | 1.44% | 1.89% | 1.78% |
| Return on average equity | 14.83 | 15.62 | 11.85 | 15.82 | 15.12 |
| Return on average tangible equity | 17.66 | 18.78 | 14.44 | 19.43 | 18.68 |
| Net interest margin (tax equivalent) | 3.86 | 3.81 | 3.80 | 3.81 | 3.74 |
| Efficiency ratio | 44.98 | 46.10 | 44.74 | 44.97 | 46.36 |

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**FIRST FINANCIAL BANKSHARES, INC.**

**SELECTED FINANCIAL DATA (UNAUDITED)**

**(In thousands)**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **ALLOWANCE FOR LOAN LOSSES** | **Mar. 31,** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Balance at beginning of period | 105536 | 105958 | 102792 | 101080 | 98325 |
| Loans charged-off | (1174) | (3387) | (22612) | (1189) | (946) |
| Loan recoveries | 818 | 2996 | 272 | 469 | 710 |
| Net recoveries (charge-offs) | (356) | (391) | (22340) | (720) | (236) |
| Provision for loan losses | 2738 | (31) | 25506 | 2432 | 2991 |
| Balance at end of period | $107918 | $105536 | $105958 | $102792 | $101080 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ALLOWANCE FOR UNFUNDED COMMITMENTS** |  |  |  |  |  |
| Balance at beginning of period | $6387 | $8842 | $9914 | $9214 | $8677 |
| Provision for unfunded commitments | (447) | (2455) | (1072) | 700 | 537 |
| Balance at end of period | $5940 | $6387 | $8842 | $9914 | $9214 |
| Allowance for loan losses / |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;period-end loans held-for-investment | 1.30% | 1.29% | 1.29% | 1.27% | 1.27% |
| Allowance for loan losses / |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;nonperforming loans | 206.16 | 188.41 | 187.39 | 162.60 | 164.16 |
| Net charge-offs (recoveries) / average total loans |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(annualized) | 0.02 | 0.02 | 1.07 | 0.04 | 0.01 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **COMPOSITION OF LOANS HELD-FOR-INVESTMENT** | **Mar. 31,** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;C&I | 1149931 | 1116461 | 1174770 | 1202151 | 1144429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal | 384473 | 342501 | 347559 | 306140 | 338303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Commercial | 1534404 | 1458962 | 1522329 | 1508291 | 1482732 |
| Agricultural | 77583 | 95776 | 88820 | 86133 | 90186 |
| Real Estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction & Development | 1169037 | 1157865 | 1214649 | 1172834 | 1098069 |
| &nbsp;&nbsp;&nbsp;&nbsp;Farm | 329151 | 327625 | 322710 | 302969 | 331464 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Owner Occupied CRE | 825771 | 832816 | 802675 | 746341 | 753898 |
| &nbsp;&nbsp;&nbsp;&nbsp;Owner Occupied CRE | 1132114 | 1120608 | 1119425 | 1124610 | 1142618 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential | 2322097 | 2285830 | 2308708 | 2286220 | 2217740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Real Estate | 5778170 | 5724744 | 5768167 | 5632974 | 5543789 |
| Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Auto | 751283 | 732351 | 718501 | 698897 | 679189 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Auto | 143680 | 146443 | 145808 | 148649 | 149715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Consumer | 894963 | 878794 | 864309 | 847546 | 828904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans held-for-investment | $8285120 | $8158276 | $8243625 | $8074944 | $7945611 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SUMMARY OF LOAN CLASSIFICATION** |  |  |  |  |  |
| Special Mention | $66864 | $66058 | $76647 | $62774 | $46103 |
| Substandard | 222895 | 189548 | 176311 | 194291 | 199509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total classified loans | $289759 | $255606 | $252958 | $257065 | $245612 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NONPERFORMING ASSETS** |  |  |  |  |  |
| Nonaccrual loans | $52129 | $55121 | $56394 | $63142 | $60430 |
| Accruing loans 90 days past due | 218 | 892 | 151 | 77 | 1143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming loans | 52347 | 56013 | 56545 | 63219 | 61573 |
| Foreclosed assets | 1962 | 479 | 1997 | 489 | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $54309 | $56492 | $58542 | $63708 | $61688 |
| As a % of loans held-for-investment and foreclosed assets | 0.66% | 0.69% | 0.71% | 0.79% | 0.78% |
| As a % of end of period total assets | 0.35 | 0.37 | 0.39 | 0.44 | 0.43 |

---

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**FIRST FINANCIAL BANKSHARES, INC.**

**SELECTED FINANCIAL DATA (UNAUDITED)**

**(In thousands)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **CAPITAL RATIOS** | **Mar. 31,** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Common equity Tier 1 capital ratio | 20.23% | 19.99% | 19.10% | 19.16% | 19.12% |
| Tier 1 capital ratio | 20.23 | 19.99 | 19.10 | 19.16 | 19.12 |
| Total capital ratio | 21.42 | 21.17 | 20.29 | 20.35 | 20.31 |
| Tier 1 leverage ratio | 12.58 | 12.55 | 12.34 | 12.61 | 12.46 |
| Tangible common equity ratio | 10.81 | 10.60 | 10.44 | 10.12 | 9.76 |
| Equity/Assets ratio | 12.63 | 12.41 | 12.33 | 12.08 | 11.74 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **2026** | **2025** | **2025** | **2025** | **2025** |
| **NONINTEREST INCOME** | **Mar. 31,** | **Dec. 31,** | **Sept. 30,** | **June 30,** | **Mar. 31,** |
| Trust fees | 13363 | 13512 | 12950 | 12746 | 12653 |
| Service charges on deposits | 6077 | 6140 | 6447 | 6126 | 6177 |
| Debit card fees | 5245 | 5791 | 5333 | 5218 | 4967 |
| Credit card fees | 651 | 678 | 699 | 707 | 577 |
| Gain on sale and fees on mortgage loans | 4277 | 4216 | 4375 | 4126 | 2832 |
| Net gain (loss) on sale of foreclosed assets | (56) | (12) | (122) | 200 | (35) |
| Net gain on sale of assets | - | - | - | 6 | - |
| Loan recoveries | 290 | 546 | 1664 | 810 | 574 |
| Other noninterest income | 2249 | 2478 | 2918 | 2934 | 2485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | $32096 | $33349 | $34264 | $32873 | $30230 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NONINTEREST EXPENSE** |  |  |  |  |  |
| Salaries, commissions and employee benefits, excluding profit sharing | $42959 | $42409 | $40681 | $39834 | $39157 |
| Profit sharing expense | 3023 | 4819 | 1924 | 2741 | 2985 |
| Net occupancy expense | 3630 | 3458 | 3545 | 3600 | 3720 |
| Equipment expense | 2158 | 2128 | 2395 | 2478 | 2321 |
| FDIC insurance premiums | 1560 | 1695 | 1635 | 1585 | 1575 |
| Debit card expense | 3108 | 3265 | 3512 | 3308 | 3373 |
| Legal, tax and professional fees | 3834 | 3079 | 3332 | 3143 | 3067 |
| Audit fees | 455 | 531 | 536 | 463 | 451 |
| Printing, stationery and supplies | 623 | 528 | 456 | 473 | 482 |
| Amortization of intangible assets | 43 | 86 | 86 | 86 | 95 |
| Advertising, meals and public relations | 1701 | 1923 | 1714 | 1653 | 1677 |
| Operational and other losses | 1000 | 1583 | 1957 | 720 | 540 |
| Software amortization and expense | 4594 | 4456 | 4280 | 4020 | 3732 |
| Other noninterest expense | 8080 | 7690 | 7613 | 7631 | 7160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | $76768 | $77650 | $73666 | $71735 | $70335 |
| **TAX EQUIVALENT YIELD ADJUSTMENT** | $3791 | $3709 | $3406 | $2926 | $2700 |

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**FIRST FINANCIAL BANKSHARES, INC.** 

**SELECTED FINANCIAL DATA (UNAUDITED)** 

**(In thousands)**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Mar. 31, 2026** | **Mar. 31, 2026** | **Mar. 31, 2026** | **Dec. 31, 2025** | **Dec. 31, 2025** | **Dec. 31, 2025** |
|  | **Average** | **Tax Equivalent** | **Yield /** | **Average** | **Tax Equivalent** | **Yield /** |
|  | **Balance** | **Interest** | **Rate** | **Balance** | **Interest** | **Rate** |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | 4565 | 40 | 3.55% | 6565 | 62 | 3.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand deposits in nonaffiliated banks | 461579 | 4209 | 3.70 | 434445 | 4284 | 3.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 4076690 | 32283 | 3.17 | 3683108 | 29231 | 3.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 1726765 | 14184 | 3.29 | 1712261 | 14144 | 3.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 8273995 | 136020 | 6.67 | 8241265 | 138857 | 6.68 |
| Total interest-earning assets | 14543594 | 186736 | 5.21% | 14077644 | 186578 | 5.26% |
| Noninterest-earning assets | 821635 |  |  | 893739 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $15365229 |  |  | $14971383 |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 9824362 | 47851 | 1.98% | 9476716 | 51207 | 2.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | 62849 | 229 | 1.48 | 56573 | 219 | 1.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 22155 | 74 | 1.35 | 22113 | 75 | 1.35 |
| Total interest-bearing liabilities | 9909366 | 48154 | 1.97% | 9555402 | 51501 | 2.14% |
| Noninterest-bearing deposits | 3401092 |  |  | 3454171 |  |  |
| Other noninterest-bearing liabilities | 97986 |  |  | 99623 |  |  |
| Shareholders' equity | 1956785 |  |  | 1862187 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $15365229 |  |  | $14971383 |  |  |
| Net interest income and margin (tax equivalent) |  | $138582 | 3.86% |  | $135077 | 3.81% |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Sept. 30, 2025** | **Sept. 30, 2025** | **Sept. 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
|  | **Average** | **Tax Equivalent** | **Yield /** | **Average** | **Tax Equivalent** | **Yield /** |
|  | **Balance** | **Interest** | **Rate** | **Balance** | **Interest** | **Rate** |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | 10711 | 130 | 4.82% | 9397 | 113 | 4.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand deposits in nonaffiliated banks | 216739 | 2387 | 4.37 | 379364 | 4191 | 4.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 3560347 | 26539 | 2.98 | 3470028 | 25242 | 2.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 1564767 | 12906 | 3.30 | 1433498 | 10811 | 3.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 8249113 | 141136 | 6.79 | 8045340 | 135378 | 6.75 |
| Total interest-earning assets | 13601677 | 183098 | 5.34% | 13337627 | 175735 | 5.28% |
| Noninterest-earning assets | 826660 |  |  | 826635 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $14428337 |  |  | $14164262 |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 9051463 | 52010 | 2.28% | 8923737 | 48730 | 2.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | 50051 | 210 | 1.66 | 54482 | 221 | 1.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 56198 | 471 | 3.33 | 26557 | 128 | 1.93 |
| Total interest-bearing liabilities | 9157712 | 52691 | 2.28% | 9004776 | 49079 | 2.19% |
| Noninterest-bearing deposits | 3419378 |  |  | 3383851 |  |  |
| Other noninterest-bearing liabilities | 101268 |  |  | 85745 |  |  |
| Shareholders' equity | 1749979 |  |  | 1689890 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $14428337 |  |  | $14164262 |  |  |
| Net interest income and margin (tax equivalent) |  | $130407 | 3.80% |  | $126656 | 3.81% |

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**FIRST FINANCIAL BANKSHARES, INC.** 

**SELECTED FINANCIAL DATA (UNAUDITED)** 

**(In thousands)**

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| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Mar. 31, 2025** | **Mar. 31, 2025** | **Mar. 31, 2025** |
|  | **Average** | **Tax Equivalent** | **Yield /** |
|  | **Balance** | **Interest** | **Rate** |
| Interest-earning assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | 7596 | 90 | 4.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand deposits in nonaffiliated banks | 286040 | 3174 | 4.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 3506035 | 25034 | 2.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt securities | 1407440 | 9912 | 2.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 7952946 | 131600 | 6.71 |
| Total interest-earning assets | 13160057 | 169810 | 5.23% |
| Noninterest-earning assets | 830055 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13990112 |  |  |
| Interest-bearing liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 8882040 | 47549 | 2.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements | 53920 | 209 | 1.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 74561 | 563 | 3.06 |
| Total interest-bearing liabilities | 9010521 | 48321 | 2.17% |
| Noninterest-bearing deposits | 3265838 |  |  |
| Other noninterest-bearing liabilities | 68218 |  |  |
| Shareholders' equity | 1645535 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13990112 |  |  |
| Net interest income and margin (tax equivalent) |  | $121489 | 3.74% |

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