First Financial Bankshares Revenue, Profits - FFIN Quarterly Income Statement

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$42.9 $0.05 (0.12%) FFIN stock closing price Sep 22, 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. The income statement for FFIN which implies a QoQ revenue growth of $4.28M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. 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 2017-Q2 total to $47.42M. This line item shows increased from $45.68M compared with last quarter. View details of revenue and profits for First Financial Bankshares for latest & last 40 quarters

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Quarterly
Annual
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
First Financial Bankshares Net Sales or Revenues
84.35M80.07M79.7M80.25M79.32M78.16M78.33M77.61M71.15M67.97M
Cost Of Goods Sold (COGS)1.93M1.59M1.31M1.11M1.03M1.05M0.89M0.93M0.9M0.92M
First Financial Bankshares Gross Profit
82.42M78.47M78.4M79.13M78.28M77.1M77.46M76.67M70.25M67.03M
Research & Development Expense----------
Selling General & Admin Expense45.33M43.93M43.82M45.66M42.61M43.21M44.33M42.43M36.68M35.14M
Income Before Depreciation Depletion Amortization37.08M34.54M34.59M33.46M35.67M33.89M33.14M34.23M33.56M31.89M
Depreciation Depletion Amortization0.16M0.16M0.18M0.17M0.19M0.19M0.2M0.2M0.07M0.09M
Non Operating Income----------
Interest Expense0.16M0.17M0.15M0.25M0.29M0.25M0.17M0.13M0.1M0.04M
First Financial Bankshares Pretax Income
36.75M34.2M34.28M33.04M35.17M33.43M32.77M33.9M33.38M31.76M
Provision for Income Taxes8.5M7.6M7.62M7.44M8.36M7.73M7.57M8.02M8.08M7.76M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations28.26M26.6M26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M
Extraordinary Items & Discontinued Operations----------
First Financial Bankshares Net Income (Profit/Loss)
28.26M26.6M26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M
Average Shares used to compute Diluted EPS66.35M66.36M66.31M66.15M66.14M66.12M65.94M65.5M64.36M64.3M
Average Shares used to compute Basic EPS66.1M66.07M66.04M66.02M66.02M65.98M65.99M65.34M64.15M64.12M
Income Before Nonrecurring Items28.26M26.6M26.67M25.6M26.81M25.7M25.19M25.89M25.31M24M
Income from Nonrecurring Items----------
First Financial Bankshares Earnings Per Share Basic Net
0.430.400.400.390.410.390.380.400.390.37
First Financial Bankshares Earnings Per Share Diluted Net
0.430.400.400.390.410.390.380.400.390.37
EPS Diluted Before Nonrecurring Items0.430.400.400.390.410.390.380.400.390.37
Preferred Dividends Acc Pd----------
Dividends Common12.5711.90--------
Dividend Per Share Common0.190.180.180.180.180.160.160.160.160.14
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:
  • Topline: A growing topline, as seen from the First Financial Bankshares revenue chart, as is the case with First Financial Bankshares indicates a growing business. One needs to compare the QoQ or YoY topline or sales growth of FFIN stock with its peers like PB stock and TCBI stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. FFIN stock had a healthy bottom line growth.
The income statement is also called the profit and loss statement. Apart from the FFIN 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)
26.48
PS Ratio (price sales ratio)
8.74
Operating Margin
43.8
Net Profit Margin
33.5
Dividend Yield
1.7%