FFINMEDIUM SIGNALOPPORTUNITY10-K

FFIN demonstrates solid growth across key metrics with total assets expanding to $15.4 billion while maintaining healthy profitability and benefiting from robust Texas market demographics.

The company's asset growth to $15.4 billion, combined with improved net income and net interest income, reflects effective execution in high-growth Texas markets. The demographic data showing population growth ranging from 9.8% to 47.1% across their service areas provides a favorable backdrop for continued expansion, though investors should monitor the increased provision for credit losses as lending activity scales.

Comparing 2026-02-25 vs 2025-02-21View on EDGAR →
FINANCIAL ANALYSIS

FFIN posted solid financial performance with total assets growing 10.5% to $15.4 billion and deposits increasing 10.3% to $13.3 billion. Net income rose 13.5% to $253.6 million while net interest income expanded 11.7% to $702.5 million, demonstrating strong revenue generation. The provision for credit losses increased 30.4% to $15.1 million, likely reflecting portfolio growth and normal credit cycle management, while stockholders equity strengthened 19.3% to $1.9 billion.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
+30.4%
$11.5M→$15.1M

Credit loss provisions surged 30.4% — management flagging significant deterioration in loan quality ahead.

Stockholders Equity
Balance Sheet
+19.3%
$1.6B→$1.9B

Equity base grew 19.3% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Income
P&L
+13.5%
$223.5M→$253.6M

Net income grew 13.5% — bottom-line growth signals improving overall business health.

Net Interest Income
P&L
+11.7%
$628.9M→$702.5M

Net interest income grew 11.7% — benefiting from rate environment or loan book expansion.

Total Assets
Balance Sheet
+10.5%
$14.0B→$15.4B

Asset base grew 10.5% — expansion through organic growth, acquisitions, or capital deployment.

Total Deposits
Balance Sheet
+10.3%
$12.1B→$13.3B

Deposits grew 10.3% — expanding customer base or increased trust in the institution.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-21
ADDED
As of February 25, 2026, there were 143,228,602 shares of common stock outstanding.
With approximately 31.7 million residents as of December 31, 2024, Texas has more people than any other state except California.
The population of Texas grew 17.60% from 2014-2024 according to the U.S.
Many of the communities in which we operate are also experiencing positive growth as shown below: Population Growth 2014-2024 by City and County* Bridgeport and Wise County 31.7 % Fort Worth and Tarrant County 14.6 % Bryan/College Station and Brazos County 19.5 % Granbury and Hood County 28.5 % Cleburne and Johnson County 34.3 % Stephenville and Erath County 9.8 % Conroe and Montgomery County 45.0 % Weatherford, Willow Park, Aledo and Parker County 47.1 % *Source: U.
Our goal is to serve these communities well and to benefit from the growth as these markets continue to expand.
Since 1997, we have completed fourteen bank acquisitions and have increased our total assets from $1.57 billion to $15.45 billion as of December 31, 2025.
We continually evaluate branch locations in our current communities as well as new markets and we remain interested in pursuing opportunities to acquire high quality banks in the future.
The executive officers have significant banking experience and/or tenure with the Company, including our Executive Chairman, who has spent over forty-nine years with the Company, and our recently appointed President and CEO, who has tenure with the Company of twenty-two years.
On average, our thirteen Regional or Divisional CEOs and Presidents have approximately twenty-seven years of banking experience and fifteen years of service with the Company.
On December 31, 2025, the Company employed approximately 1,600 employees.
REMOVED
As of February 21, 2025, there were 142,977,406 shares of common stock outstanding.
With approximately 31.3 million residents as of December 31, 2023, Texas has more people than any other state except California.
The population of Texas grew 18.17% from 2013-2023 according to the U.S.
Many of the communities in which we operate are also experiencing positive growth as shown below: Population Growth 2013-2023 by City and County* Bridgeport and Wise County 28.0 % Fort Worth and Tarrant County 14.1 % Bryan/College Station and Brazos County 19.9 % Granbury and Hood County 28.2 % Cleburne and Johnson County 31.3 % Stephenville and Erath County 10.8 % Conroe and Montgomery County 42.7 % Weatherford, Willow Park, Aledo and Parker County 44.8 % *Source: U.
Our goal is to serve these communities well and to experience growth as these markets continue to expand.
Since 1997, we have completed fourteen bank acquisitions and have increased our total assets from $1.57 billion to $13.98 billion as of December 31, 2024.
We continually look for better branch locations so we can provide more convenient service to our customers.
We continue to evaluate opportunities to acquire high quality banks in the future.
The executive officers have significant banking experience and/or tenure with the Company, including our Chairman, CEO and President who has over forty-eight years with the Company.
On average, our sixteen Regional or Divisional CEOs and Presidents have approximately twenty-six years of banking experience and fourteen years of service with the Company.
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