Texas

First Financial: Fourth Quarter Earnings Report

ABILEN, TX (AP) _ First Financial Bankshares Inc. (FFIN) on Thursday reported fourth-quarter earnings of $58.7 million.

The Abilene, Texas-based bank said it posted earnings of 41 cents per share.

The results were in line with Wall Street’s expectations. Three analysts polled by Zacks Investment Research also averaged earnings of 41 cents per share.

A commercial banker based primarily in Texas generated $149.7 million in revenue during the reporting period. Its revenue, excluding interest expense, was $132.7 million, falling short of Street’s projections. Three analysts polled by Zacks expected $135.3 million.

For the year, the company reported earnings of $234.5 million, or $1.64 per share. Revenue was $542.2 million.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks FFIN Exchange Report at https://www.zacks.com/ap/FFIN.

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