First Financial Bankshares Inc (NASDAQ: FFIN)

First Financial Bankshares, Inc. is a financial holding company registered under the Bank Holding Company Act of 1956. The company provides commercial banking services through its subsidiary bank and offers trust and wealth management, insurance, technology, and investment management services via other subsidiaries. Its operations are centered in Texas with banking centers located across Central, North Central, Southeast and West Texas. The firm maintains a community oriented approach emphasizing local decision making and personalized service.

First Financial Bankshares, Inc. generates revenue primarily through dividends received from its banking and non banking subsidiaries. Those subsidiaries earn interest income from loans, service charges on deposit accounts, fees from trust and wealth management activities, commissions from insurance products, and fees from technology and investment services. The company’s revenue stream is therefore diversified across traditional banking income and fee based businesses.

First Financial Bankshares, Inc. holds less than one percent of total deposits in Texas positioning it as a smaller player in a highly competitive market. The company competes with large national banks, regional banks, credit unions, savings and loan associations, mortgage companies, insurance firms, fintech providers and brokerage houses. Its competitive advantages stem from a community focused model, local advisory boards, personalized customer service and a broad suite of financial products offered through its subsidiaries. The firm also benefits from strong capital ratios and a long operating history dating back to 1890.

First Financial Bankshares, Inc. serves a diverse customer base that includes individual consumers, small and medium sized businesses, larger corporations, nonprofit organizations and governmental entities. The company does not rely on any single customer or a small group of clients and its loss of any one customer would not have a material adverse effect on its business.