First Financial Bankshares, Inc.

First Financial Bankshares, Inc.

FFINยทNASDAQ

$31.71

-0.38%
Financial ServicesBanks - Regional

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations. It also provides drive-in and night deposit, remote deposit capture, internet and mobile banking, payroll cards, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administer retirements and employee benefits accounts, such as 401(k) profit-sharing plans and IRAs. Further, the company provides asset management and technology services. As of December 31, 2021, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

At a Glance

Live Snapshot
Market Cap$4.54B
EPS1.7800
P/E Ratio17.81
Earnings Date07/16/2026
First Financial Bankshares, Inc.

First Financial Bankshares, Inc. Fair Value Envelope

FFIN ยท NASDAQ

Our analysis suggests that FFIN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $31.71, this represents a potential HIDDEN relative to our calculated worth for First Financial Bankshares, Inc..

Intrinsic Value
Current Price: $31.71

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$6.7B
+ Cash & Equivalents$1.1B
Firm Value$7.8B
- Debt$21.7M
Equity Value$7.8B
/ Shares Outstanding143,003,446B
DCF Value$54
UNDERVALUED BY 72%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$336.1M
$352.5M
$369.6M
$387.5M
$406.3M
$426.1M
$446.8M
$468.4M
$491.2M
$515.0M
Maintenance CapEx
-$2.8M
-$3.0M
-$3.1M
-$3.2M
-$3.4M
-$3.6M
-$3.7M
-$3.9M
-$4.1M
-$4.3M
Owner Earnings
$333.3M
$349.5M
$366.5M
$384.3M
$402.9M
$422.5M
$443.0M
$464.5M
$487.1M
$510.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$308.6M
$299.7M
$290.9M
$282.5M
$274.2M
$266.2M
$258.5M
$251.0M
$243.7M
$236.6M
Terminal Value represents 59.7% of Enterprise Value