FFINFIRST FINANCIAL BANKSHARES INC
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $4.4B
- Employees
- 1,600
- Net debt / EBITDA
- —
- −$198M net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo118% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo35% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 9th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$4.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$640K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $228M | $234M | $199M | $224M | $254M | 13% |
| Operating cash flow | $355M | $324M | $285M | $310M | $299M | 3.3% |
| Capex | $19M | $16M | $17M | $17M | $13M | 20% |
| Stock-based comp | $3M | $4M | $4M | $5M | $7M | 40% |
| Dividends | $80M | $91M | $100M | $103M | $106M | 3.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 19
- Open-market sells, 12 mo
- $524K · 1
- Net
- $640K
Pay vs performance
No pay-versus-performance disclosure yet.