First Financial Bankshares Reports $71.89 Million Second Quarter Profit

The Abilene-based financial holding company attributed the growth to an expanding net interest margin and higher fee income. Net interest income climbed to $136.91 million, bolstered by a reduction in deposit costs and improved yields on the company’s securities portfolio. David Bailey, President and CEO, noted that the results highlight the firm's focus on disciplined growth and effective risk management across its Texas operations.

While the company saw growth in its core banking segments, it also increased its provision for credit losses to $4.18 million, up from $3.13 million a year ago. Noninterest income rose to $35.84 million, driven by strong performance in wealth management and mortgage banking services. Despite rising salary and benefit costs—influenced by annual merit increases and profit-sharing accruals—the bank maintained a solid efficiency ratio of 45.94 percent. As of June 30, 2026, the company held $15.31 billion in total assets, continuing its expansion across its 79 Texas locations.