BUSINESS HEADLINES

First Financial Bankshares named No. 1 in nation

By Messenger Staff | Published Saturday, August 30, 2014

First Financial Bankshares Inc. has been selected as the No. 1 top-performing publicly-traded bank in the nation in the $5 to $50 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.

First Financial has branches in Boyd, Bridgeport and Decatur.

“We are very honored to be selected as the best publicly traded bank in the country in the $5 to $50 billion asset category by Bank Director magazine, which is one of the most recognized publications in the industry,” said F. Scott Dueser, chairman, president and CEO. “We are very humbled to receive this honor for the second time, and it’s a direct result of the tireless dedication of our team, including our board, officers and employees who execute our strategy every day to make sure that our customers receive superior service and that we reward our shareholders.

“We thank our customers and shareholders for their loyalty and support, which has allowed us this great honor,” he said. “This marks the sixth consecutive year that First Financial has been recognized as either No. 1, 2 or 3 in the nation.”

For its scorecard, Bank Director 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.

Leave a Reply. Note: As of March 24, 2011, all posted comments will include the users full name.

WCMessenger.com News and Blog Comment Guidelines

You must be logged in to post a comment.