First Financial Bankshares Annual Income Statement (NASDAQ:FFIN)

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$44.8 $0.1 (0.22%) FFIN stock closing price Feb 24, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking First Financial Bankshares stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. Like any other income statement, the FFIN income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $22.37M when compared to the same period in the past. The operating expenses (also check: First Financial Bankshares assets and First Financial Bankshares free cash flow) as shown in the First Financial Bankshares profit and loss statement 2016 total to $176.03M. This line item has increased from $162.78M compared with last year. First Financial Bankshares revenue for 2016 is $317.42M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
First Financial Bankshares Net Sales or Revenues
317.42M295.05M265.16M238.42M217M211.45M199.17M195.04M208.6M217.64M
Cost Of Goods Sold (COGS)-3.64M3.88M3.7M4.87M7.82M13.07M16.47M33.11M51.98M
First Financial Bankshares Gross Profit
317.42M291.41M261.28M234.71M212.12M203.63M186.1M178.56M175.49M165.66M
Research & Development Expense----------
Selling General & Admin Expense175.3M158.58M142.11M129.56M112.38M110.84M106.6M104.56M98.33M87.66M
Income Before Depreciation Depletion Amortization142.11M132.82M119.16M105.14M99.74M92.78M79.49M74M77.15M77.99M
Depreciation Depletion Amortization0.73M0.56M0.27M0.19M0.14M0.4M0.6M0.85M1.2M1.49M
Non Operating Income----------
Interest Expense-0.44M0.29M0.37M0.23M0.2M0.45M0.8M2.14M6.57M
First Financial Bankshares Pretax Income
135.92M131.81M118.59M104.56M99.36M92.18M78.43M72.35M73.8M69.92M
Provision for Income Taxes31.15M31.43M29.03M25.7M25.13M23.81M20.06M18.55M20.63M20.43M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations104.77M100.38M89.55M78.86M74.22M68.36M58.36M53.79M53.16M49.49M
Extraordinary Items & Discontinued Operations------1.29M---
First Financial Bankshares Net Income (Profit/Loss)
104.77M100.38M89.55M78.86M74.22M68.36M59.65M53.79M53.16M49.49M
Average Shares used to compute Diluted EPS66.1M64.89M64.31M63.86M63M62.92M62.64M62.51M62.52M62.27M
Average Shares used to compute Basic EPS66.01M65.99M64.05M63.58M62.96M62.89M62.58M62.44M62.36M62.3M
Income Before Nonrecurring Items104.77M100.38M89.56M78.87M74.23M68.37M58.36M53.8M53.16M49.49M
Income from Nonrecurring Items----------
First Financial Bankshares Earnings Per Share Basic Net
1.591.551.401.241.181.090.950.860.850.79
First Financial Bankshares Earnings Per Share Diluted Net
1.591.541.391.241.181.090.950.860.850.79
EPS Diluted Before Nonrecurring Items1.591.541.391.241.181.090.930.860.850.79
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.700.620.550.520.500.470.450.450.450.42
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing First Financial Bankshares stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: First Financial Bankshares revenue chart) implies that the company is growing, which has been the case with First Financial Bankshares. One must stay away from stocks whose revenues are declining.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $317.42M - other expenses = $104.77M for FFIN stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the First Financial Bankshares historical stock prices to check how the price has moved with time. .

First Financial Bankshares Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
28.1760
PS ratio (
price sales ratio
)
9.3205
Operating margin
48.8
Net profit margin
33.5
Dividend yield
1.56%