First Financial Bankshares, Inc. reported net earnings of $62.32 million for the fourth quarter of 2024, an increase from $55.31 million in the third quarter of 2024 and $45.98 million in the fourth quarter of 2023. Diluted earnings per share for the quarter were $0.43, up from $0.39 in the prior quarter and $0.32 a year ago.
For the full year ended December 31, 2024, net income reached $223.51 million, a 12.33% increase from $198.98 million in 2023. Diluted earnings per share for the year were $1.56, up from $1.39 in the previous year, reflecting strong annual growth.
Net interest income for Q4 2024 was $116.12 million, contributing to a tax-equivalent net interest margin of 3.67%, an increase from 3.50% in Q3 2024 and 3.33% in Q4 2023. Total loans grew by $189.91 million during the fourth quarter to $7.91 billion, and deposits increased by $347.17 million to $12.16 billion, demonstrating continued expansion of earning assets and funding sources.
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