I'm LongbridgeAI, I can summarize articles.First Financial reported Q2 2026 net income of $71.89 million ($0.50 EPS), up from $66.66 million in the prior year. Net interest income rose to $136.91 million with a 3.90% margin, driven by lower deposit costs and higher securities yields. Noninterest revenue grew due to increased wealth management fees, mortgage income, and service charges. Loans reached $8.35 billion, while deposits totaled $13.17 billion.
First Financial reported second-quarter 2026 net income of $71.89 million, or diluted EPS of $0.50, up from $66.66 million ($0.47 EPS) a year earlier and roughly flat with the prior quarter. Net interest income rose to $136.91 million with a tax-equivalent net interest margin of 3.90%, supported by lower deposit costs and higher securities yields. The company recorded a provision for credit losses of $4.18 million and reported increases in wealth management and mortgage fee income driving noninterest revenue growth.
Financial Highlights
- Net income: $71.89 million for Q2 2026, versus $66.66 million in Q2 2025; Q1 2026 net income was $71.54 million.
- Diluted earnings per share: $0.50 for Q2 2026, up from $0.47 in Q2 2025 and flat with Q1 2026.
- Net interest income: $136.91 million in Q2 2026 (interest income $185.96M; interest expense $49.05M).
- Net interest margin (tax-equivalent): 3.90% for Q2 2026, up from 3.81% in Q2 2025 and 3.86% in Q1 2026.
- Noninterest income: $35.84 million for Q2 2026; noninterest expense: $81.11 million; efficiency ratio: 45.94% for Q2 2026.
Business Highlights
- Wealth management fee income increased to $13.96 million in Q2 2026 driven by growth in assets under management; market value of AUM totaled $12.23 billion at June 30, 2026.
- Mortgage income rose to $4.68 million in Q2 2026, benefiting from restructuring of the secondary mortgage department, new mortgage lenders and centralization of mortgage operations.
- Service charges on deposits increased, reflecting higher fees on deposit accounts although overdraft fees declined year over year.
- Other noninterest income increased due in part to an increase in the fair market value of assets held in the company’s supplemental executive retirement plan and a life insurance receipt related to a former employee.
- Loans grew to $8.35 billion at June 30, 2026, with quarter-over-quarter growth of $61.81 million (2.99% annualized) and year-to-date growth of $188.66 million (4.66% annualized); deposits and repurchase agreements totaled $13.17 billion at quarter end.
Original SEC Filing: FIRST FINANCIAL BANKSHARES INC [ FFIN ] - 8-K - Jul. 17, 2026