{
  "url": "https://struct.news/briefs/first-financials-profit-rose-8-but-the-engine-is-a-rate-and-deposit-shuffle",
  "title": "First Financial's profit rose 8%, but the engine is a rate-and-deposit shuffle",
  "summary": "Capex jumped 170.5% year over year even as three-month net income climbed to $71.9 million.",
  "published_at": "2026-08-04T20:57:01.911030+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "First Financial Bankshares, Inc",
    "ticker": "FFIN",
    "cik": "1193125",
    "sector": "Financial Services",
    "industry": "Banks - Regional"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-04",
    "accession": "0001193125-26-333027",
    "url": "https://www.sec.gov/Archives/edgar/data/36029/000119312526333027/ffin-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-01",
    "url": "https://www.sec.gov/Archives/edgar/data/36029/000095017025101314/ffin-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "FFIN latest close",
      "label": "Last close",
      "value": 35.435,
      "display": "$35.44",
      "unit": "usd_per_share",
      "period": "2026-08-03",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-03"
      }
    },
    {
      "group": "FFIN latest close",
      "label": "One-day move",
      "value": 0.8682038144036452,
      "display": "+0.9%",
      "unit": "percent",
      "period": "2026-08-03",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-03"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Management attributes the past year's margin expansion to deposit growth, lower deposit costs, and reinvestment into higher-yielding loans and bonds.",
      "importance": "medium",
      "evidence": "The net interest margin has expanded during the past year primarily due to (i) strong growth in deposits that has enabled the Company to deploy those funds into the higher yielding loans and securities portfolios, (ii) a reduction in cost of deposits, and (iii) investment of lower yielding securities cash flows into higher yielding bonds.",
      "source_date": "2026-08-04"
    }
  ],
  "related_tickers": [
    "FFIN"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}