First Financial Bankshares, Inc. Reports Q1 2023 Net Income of $52.6 Million
Q1 2023 Revenue Reaches $121.5 Million for First Financial Bankshares, Inc.
First Financial Bankshares, Inc.(FFIN) and its subsidiaries have released th eir financial results for the first quarter of 2023, revealing a net income of $52.6 million. The company's revenue during the same period reached $121.5 million. These figures indicate the financial performance of the bank and offer insights into its operations and growth during the specified quarter.
Consolidated Balance Sheets:
The consolidated balance sheets show the financial position of First Financial Bankshares, Inc. as of March 31, 2023, compared to December 31, 2022. The total assets amount to $13.01 billion, reflecting a slight decrease from $13.31 billion. Cash and cash equivalents stand at $446.2 million, down from $597.8 million, while securities available-for-sale amount to $5.30 billion, a decrease from $6.50 billion. The net loans held-for-investment show an increase to $6.50 billion from $6.37 billion in the previous quarter.
