First Financial Bankshares Inc. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

First Financial Bankshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported earnings of $13.99 million or $0.67 basic and diluted per share up 4.7% compared with earnings of $13.36 million or $0.64 basic and diluted per share in the same quarter last year. The company's net interest income increased 3.8% to $32.58 million compared with $31.40 million in the same quarter last year. Interest income was $36.5 million compared to $39.2 million for the same period last year. Net income before income taxes was $18.7 million compared to $18.5 million for the same period last year. Return on average assets was 1.81% compared to 1.74% for the same period last year. Return on average equity was 13.99% compared to 15.31% for the same period last year. For the first nine months of 2009, the company's net income increased 2.8% to $41.26 million or $1.98 basic and diluted per share from $40.13 million or $1.93 basic and diluted per share a year ago. Net interest income increased 5.9% to $96.63 million from $91.25 million a year ago. Interest income was $110.1 million compared to $119.9 million for the same period last year. Net income before income taxes was $55.7 million compared to $55.9 million for the same period last year. Return on average assets was 1.78% compared to 1.77% for the same period last year. Return on average equity was 14.18% compared to 15.42% for the same period last year. Book value per share was $19.96 per share compared to $16.85 per share for the same period last year.

First Financial Bankshares Inc. has completed the rebranding of its family of 10 separately chartered subsidiary banks under the name of First Financial Bank to better benefit from the company's growing brand identity. F. Scott Dueser, chairman, president and CEO of First Financial Bankshares said, “In addition, we believe that our strong capitalization, experienced management team and excellent reputation favorably position us to grow during the year ahead. We expect the current economic challenges to generate improved opportunities for acquisitions and want to be poised to take advantage of those opportunities as they present themselves.”