First Financial Bankshares Income Statement - Quarterly (NASDAQ:FFIN)

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$38.95 $0.35 (0.89%) FFIN stock closing price Mar 29, 2017 (Closing)

Financial analysis of First Financial Bankshares involves more than just checking the First Financial Bankshares stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FFIN stock is bound to reflect the impact of the QoQ decline of $0.55M. 2016-Q4 revenue is $79.7M and has decreased from $80.25M quarter on quarter as is evident when you compare the latest figures in the latest First Financial Bankshares profit and loss statement with those of the prior corresponding period. (See also:First Financial Bankshares assets and First Financial Bankshares free cash flow) View details of revenue and profits for First Financial Bankshares for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
First Financial Bankshares Net Sales or Revenues
79.7M80.25M79.32M78.16M78.33M77.61M71.15M67.97M68.14M67.28M
Cost Of Goods Sold (COGS)1.31M1.11M1.03M1.05M0.89M0.93M0.9M0.92M1M0.99M
First Financial Bankshares Gross Profit
78.4M79.13M78.28M77.1M77.46M76.67M70.25M67.03M67.16M66.28M
Research & Development Expense----------
Selling General & Admin Expense43.82M45.66M42.61M43.21M44.33M42.43M36.68M35.14M37.13M34.87M
Income Before Depreciation Depletion Amortization34.59M33.46M35.67M33.89M33.14M34.23M33.56M31.89M30.04M31.4M
Depreciation Depletion Amortization0.18M0.17M0.19M0.19M0.2M0.2M0.07M0.09M0.07M0.06M
Non Operating Income----------
Interest Expense0.15M0.25M0.29M0.25M0.17M0.13M0.1M0.04M0.05M0.07M
First Financial Bankshares Pretax Income
34.28M33.04M35.17M33.43M32.77M33.9M33.38M31.76M29.92M31.27M
Provision for Income Taxes7.62M7.44M8.36M7.73M7.57M8.02M8.08M7.76M7.34M7.84M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M22.59M23.43M
Extraordinary Items & Discontinued Operations----------
First Financial Bankshares Net Income (Profit/Loss)
26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M22.59M23.43M
Average Shares used to compute Diluted EPS66.31M66.15M66.14M66.12M65.94M65.5M64.36M64.3M64.32M64.31M
Average Shares used to compute Basic EPS66.04M66.02M66.02M65.98M65.99M65.34M64.15M64.12M64.08M64.06M
Income Before Nonrecurring Items26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M22.59M23.43M
Income from Nonrecurring Items----------
First Financial Bankshares Earnings Per Share Basic Net
0.400.390.410.390.380.400.390.370.350.37
First Financial Bankshares Earnings Per Share Diluted Net
0.400.390.410.390.380.400.390.370.350.36
EPS Diluted Before Nonrecurring Items0.400.390.410.390.380.400.390.370.350.36
Preferred Dividends Acc Pd----------
Dividends Common11.8911.89--------
Dividend Per Share Common0.180.180.180.160.160.160.160.140.140.14
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:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that FFIN stock has a topline or revenue of $79.7M for 2016-Q4 as per this First Financial Bankshares revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $79.7M - other expenses = $26.67M for FFIN stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with First Financial Bankshares historical stock prices provides a lot of details about the firm. .