The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

First Financial Bankshares Named As Number Two Bank In Nation In $1 - $5 Billion Category By Bank Director Magazine

Wednesday, August 15, 2012

First Financial Bankshares Named As Number Two Bank In Nation In $1 - $5 Billion Category By Bank Director Magazine16:57 EDT Wednesday, August 15, 2012ABILENE, Texas, Aug. 15, 2012 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) has been selected as the #2 top-performing publicly traded bank in the nation in the $1 - $5 billion asset category by Bank Director Magazine. The magazine's annual scorecard rates all publicly traded banks in four asset size categories on the basis of profitability, capital adequacy and asset quality.  "We are very pleased to be named again as one of the top banks in the nation," said F. Scott Dueser, Chairman, President and Chief Executive Officer.  "This accomplishment certainly is due to the direction of our Board, the dedication of our employees and the loyalty of our customers who have kept us strong for more than 122 years. We accept this honor with great humility, and are extremely gratified to have been honored in either the #1 or #2 positions for the past four consecutive years."For its scorecard, Bank Director Magazine looked at profitability measures including return on average assets and return on average equity; capital strength metrics including the ratio of tangible common equity to tangible assets; and asset quality measures including the ratio of nonperforming assets to total loans and other real estate owned, and the ratio of net charge offs to average total loans.  The story from Bank Director Magazine is available at: http://www.bankdirector.com/magazine/archives/3rd-quarter-2012/going-for-gold-2012-bank-performance-scorecard/.Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates 11 separately chartered banks with 53 locations in Texas. The bank subsidiaries are First Financial Bank, N.A., Abilene, Albany, Clyde and Moran and Odessa; First Financial Bank, N.A., Eastland, Ranger, Cisco and Rising Star; First Financial Bank, N.A., Cleburne, Burleson, Alvarado, Midlothian and Crowley; First Financial Bank, Hereford; First Financial Bank, Huntsville; First Financial Bank, N.A., Mineral Wells; First Financial Bank, N.A., San Angelo; First Financial Bank, N.A., Southlake, Bridgeport, Boyd, Decatur, Grapevine, Keller and Trophy Club; First Financial Bank, N.A., Stephenville, Granbury, Glen Rose and Acton; First Financial Bank, N.A., Sweetwater, Roby, Trent and Merkel; and First Financial Bank, N.A., Weatherford, Willow Park, Aledo, Brock and Fort Worth. The Company also operates First Financial Trust & Asset Management Company, N.A., with six locations and First Technology Services, Inc., a technology operating company.The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN.  For more information about First Financial Bankshares, please visit our Web site at http://www.ffin.com.Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.  These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect," "plan," "anticipate," "target," "forecast" and "goal."  Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the  Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables.  Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents/Filings" on the Company's Web site or by writing or calling the Company at 325.627.7155.  Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.SOURCE First Financial Bankshares, Inc.For further information: F. Scott Dueser, Chairman, President & CEO, +1-325-627-7155