Demonstrações financeiras detalhadas de First Financial Bankshares, Inc. (FFIN): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
First Financial Bankshares, Inc. registou receitas de $825.8M no último exercício, com um CAGR de 5 anos de 10.9%. O lucro líquido atingiu $253.6M, com CAGR de 5 anos de 4.7%.
Margens dos últimos 12 meses: margem bruta 73.1%, margem operacional 38.0%, margem líquida 31.2%. O fluxo de caixa livre cresceu a CAGR de 9.6% em 5 anos.
Ao preço atual de $33.32, FFIN negocia a um P/L de 18.12 e um ROE de 14.00%. A capitalização de mercado é de $4.8B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $309.2M | $328.7M | $383.4M | $417.1M | $491.9M | $505.6M | $551.3M | $622.3M | $739.2M | $825.8M |
| Custo da Receita | $15.7M | $15.8M | $24.6M | $33.1M | $33.8M | $4.9M | $48.9M | $154.9M | $216.0M | $232.7M |
| Lucro Bruto | $293.6M | $312.9M | $358.8M | $384.0M | $458.2M | $500.7M | $502.4M | $467.4M | $523.2M | $593.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $98.5M | $102.6M | $114.4M | $121.7M | $141.2M | $150.6M | $143.2M | $145.0M | $165.6M | $214.6M |
| Despesas Operacionais | $157.6M | $165.7M | $180.6M | $186.0M | $215.8M | $228.8M | $221.5M | $224.1M | $251.4M | $283.5M |
| Lucro Operacional | $135.9M | $147.2M | $178.2M | $198.0M | $242.4M | $272.0M | $280.9M | $243.3M | $271.8M | $309.6M |
| EBITDA | $147.5M | $160.1M | $190.7M | $209.7M | $255.2M | $285.0M | $293.6M | $255.9M | $285.3M | $319.9M |
| Despesas com Juros | $5.5M | $9.3M | $18.9M | $30.1M | $14.2M | $6.0M | $31.4M | $144.3M | $202.2M | $201.6M |
| Lucro Antes de Impostos | $135.9M | $147.2M | $178.2M | $198.0M | $242.4M | $272.0M | $280.9M | $243.3M | $271.8M | $309.6M |
| Imposto | $31.2M | $26.8M | $27.5M | $33.2M | $40.3M | $44.4M | $46.4M | $44.3M | $48.3M | $56.0M |
| Lucro Líquido | $104.8M | $120.4M | $150.6M | $164.8M | $202.0M | $227.6M | $234.5M | $199.0M | $223.5M | $253.6M |
| LPA | $0.80 | $0.91 | $1.11 | $1.22 | $1.42 | $1.60 | $1.64 | $1.39 | $1.56 | $1.78 |
| LPA Diluído | $0.80 | $0.91 | $1.11 | $1.21 | $1.42 | $1.59 | $1.64 | $1.39 | $1.56 | $1.77 |
| Ações em Circulação (Diluídas) | $132.2M | $132.6M | $136.0M | $136.3M | $142.5M | $143.1M | $143.2M | $142.9M | $143.2M | $143.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $210.2M | $216.2M | $215.0M | $221.8M |
| Lucro Bruto | $133.1M | $164.7M | $164.6M | $168.6M |
| Lucro Operacional | $63.2M | $89.6M | $87.8M | $87.5M |
| EBITDA | $67.0M | $89.6M | $91.4M | $87.5M |
| Lucro Líquido | $52.3M | $73.3M | $71.5M | $71.9M |
| LPA | $0.37 | $0.51 | $0.50 | $0.50 |
| LPA Diluído | $0.36 | $0.51 | $0.50 | $0.50 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $255.1M | $373.8M | $250.1M | $279.5M | $729.1M | $528.6M | $330.7M | $536.6M | $763.4M | $1.08B |
| Investimentos de Curto Prazo | $2.86B | $3.09B | $3.16B | $3.41B | $4.39B | $6.57B | $5.47B | $4.73B | $289.0M | 0 |
| Contas a Receber | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $8.05B |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $3.12B | $3.46B | $3.41B | $3.69B | $5.12B | $7.10B | $5.81B | $5.27B | $1.05B | $9.16B |
| Imobilizado | $122.7M | $124.0M | $133.4M | $131.0M | $142.3M | $149.8M | $153.0M | $151.8M | $151.9M | $150.0M |
| Ágio | 0 | 0 | 0 | 0 | $313.5M | $313.5M | $313.5M | $313.5M | 0 | $313.5M |
| Ativos Intangíveis | $143.6M | $141.1M | $174.7M | $173.7M | $4.9M | $3.3M | $2.1M | $1.1M | $314.0M | $171000 |
| Ativos Totais | $6.81B | $7.25B | $7.73B | $8.26B | $10.90B | $13.10B | $12.97B | $13.11B | $13.98B | $15.45B |
| Contas a Pagar | 0 | 0 | 0 | 0 | $14.6M | 0 | 0 | 0 | 0 | $13.35B |
| Dívida de Curto Prazo | $370.8M | $331.0M | $413.7M | $381.4M | $430.1M | $650.1M | $621.5M | $383.0M | $76.0M | $21.7M |
| Passivos Circulantes | $5.85B | $6.29B | $6.59B | $6.99B | $9.12B | $11.22B | $11.63B | $11.52B | $12.18B | $13.53B |
| Dívida de Longo Prazo | $75.0M | 0 | $55.0M | 0 | 0 | $21.1M | $21.1M | $21.1M | $121.1M | 0 |
| Passivos Totais | $5.97B | $6.33B | $6.68B | $7.04B | $9.23B | $11.34B | $11.71B | $11.61B | $12.37B | $13.53B |
| Reservas | $446.5M | $517.3M | $606.7M | $707.7M | $836.7M | $981.7M | $1.12B | $1.22B | $1.34B | $1.44B |
| Patrimônio Líquido | $837.9M | $922.8M | $1.05B | $1.23B | $1.68B | $1.76B | $1.27B | $1.50B | $1.61B | $1.92B |
| Dívida Total | $445.8M | $331.0M | $468.7M | $381.4M | $430.1M | $671.2M | $642.5M | $404.1M | $197.0M | $21.7M |
| Dívida Líquida | -$2.67B | -$3.13B | -$2.94B | -$3.31B | -$4.69B | -$6.43B | -$5.16B | -$4.87B | -$855.4M | -$1.06B |
| Capital de Giro | -$2.73B | -$2.83B | -$3.19B | -$3.29B | -$4.00B | -$4.11B | -$5.82B | -$6.25B | -$11.12B | -$4.37B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $639.0M | $1.08B | $723.1M | $284.8M |
| Ativos Totais | $14.84B | $15.45B | $15.39B | $15.31B |
| Passivos Totais | $13.01B | $13.53B | $13.44B | $13.31B |
| Patrimônio Líquido | $1.83B | $1.92B | $1.94B | $2.00B |
| Dívida Total | $72.6M | $21.7M | $90.3M | $75.5M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $104.8M | $120.4M | $150.6M | $164.8M | $202.0M | $227.6M | $234.5M | $199.0M | $223.5M | $253.6M |
| Depreciação e Amortização | $11.6M | $12.9M | $12.5M | $11.7M | $12.8M | $13.1M | $12.8M | $12.6M | $13.4M | 0 |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | $3.2M | $4.0M | $4.3M | $4.9M | 0 |
| Variação Capital de Giro | $6.4M | $21.4M | -$5.9M | $395000 | -$52.6M | $43.7M | -$5.7M | $529000 | $9.9M | -$20.1M |
| Fluxo de Caixa Operacional | $160.7M | $190.3M | $186.3M | $202.5M | $210.7M | $355.2M | $324.3M | $284.8M | $309.6M | $320.6M |
| CapEx | -$20.4M | -$14.2M | -$17.6M | -$8.7M | -$16.4M | -$19.2M | -$15.8M | -$17.3M | -$16.7M | -$13.4M |
| Aquisições | 0 | 0 | $18.7M | 0 | $61.0M | 0 | 0 | 0 | 0 | $3.1M |
| Recompra de Ações | 0 | 0 | 0 | 0 | -$8.0M | 0 | -$9.4M | -$2.7M | 0 | 0 |
| Dividendos Pagos | -$44.9M | -$49.0M | -$53.9M | -$61.1M | -$70.3M | -$79.7M | -$91.3M | -$100.0M | -$102.9M | -$106.0M |
| Fluxo de Caixa Livre | $140.3M | $176.1M | $168.7M | $193.8M | $194.2M | $335.9M | $308.5M | $267.6M | $292.9M | $307.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $79.5M | $78.8M | $101.6M | $83.7M |
| CapEx | -$2.8M | -$6.0M | -$4.1M | -$8.5M |
| Fluxo de Caixa Livre | $76.7M | $72.8M | $97.5M | $75.2M |
| Dividendos Pagos | -$27.2M | -$27.3M | -$27.2M | -$27.2M |
| Compensação em Ações | $1.6M | 0 | $1.9M | $2.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +6.3% | +16.7% | +8.8% | +18.0% | +2.8% | +9.0% | +12.9% | +18.8% | +11.7% |
| Crescimento Lucro Líquido (anual) | | +14.9% | +25.1% | +9.4% | +22.6% | +12.6% | +3.0% | -15.1% | +12.3% | +13.5% |
| Crescimento LPA (anual) | | +13.7% | +22.0% | +9.9% | +16.4% | +12.7% | +2.5% | -15.2% | +12.2% | +14.1% |
| Variação de Ações (anual) | | +0.3% | +2.5% | +0.3% | +4.5% | +0.4% | +0.1% | -0.2% | +0.2% | +0.2% |
| Crescimento FCF (anual) | | +25.5% | -4.2% | +14.9% | +0.2% | +73.0% | -8.2% | -13.3% | +9.5% | +4.9% |
| Margem Bruta | 94.9% | 95.2% | 93.6% | 92.1% | 93.1% | 99.0% | 91.1% | 75.1% | 70.8% | 71.8% |
| Margem Operacional | 44.0% | 44.8% | 46.5% | 47.5% | 49.3% | 53.8% | 51.0% | 39.1% | 36.8% | 37.5% |
| Margem EBITDA | 47.7% | 48.7% | 49.7% | 50.3% | 51.9% | 56.4% | 53.3% | 41.1% | 38.6% | 38.7% |
| Margem Líquida | 33.9% | 36.6% | 39.3% | 39.5% | 41.1% | 45.0% | 42.5% | 32.0% | 30.2% | 30.7% |
| Margem FCF | 45.4% | 53.6% | 44.0% | 46.5% | 39.5% | 66.4% | 56.0% | 43.0% | 39.6% | 37.2% |
| Taxa Efetiva de Imposto | 22.9% | 18.2% | 15.5% | 16.8% | 16.6% | 16.3% | 16.5% | 18.2% | 17.8% | 18.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.06 | $1.33 | $1.24 | $1.42 | $1.36 | $2.35 | $2.15 | $1.87 | $2.05 | $2.14 |
| Dividendo por Ação | $0.34 | $0.37 | $0.40 | $0.45 | $0.49 | $0.56 | $0.64 | $0.70 | $0.72 | $0.74 |
| Ações em Circulação (Básicas) | $132.0M | $132.3M | $135.2M | $135.6M | $142.0M | $142.3M | $142.6M | $142.7M | $142.8M | $143.1M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 14.00% |
| Retorno sobre capital investido | 12.52% |
| Retorno sobre ativos | 1.76% |
| Margem bruta | 73.09% |
| Margem operacional | 38.00% |
| Margem líquida | 31.16% |
Saúde financeira
| Dívida / Patrimônio | 0.04 |
| Liquidez corrente | 0.02 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 0.10 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 28.25 | 24.76 | 25.99 | 28.77 | 25.47 | 31.78 | 20.98 | 21.80 | 23.11 | 16.78 |
| P/VP | 3.56 | 3.23 | 3.70 | 3.88 | 3.06 | 4.11 | 3.88 | 2.88 | 3.20 | 2.23 |
| P/V | 9.65 | 9.07 | 10.17 | 11.42 | 10.44 | 14.31 | 8.90 | 6.95 | 6.97 | 5.18 |
| Margem Bruta | 94.9% | 95.2% | 93.6% | 92.1% | 93.1% | 99.0% | 91.1% | 75.1% | 70.8% | 71.8% |
| Margem Operacional | 44.0% | 44.8% | 46.5% | 47.5% | 49.3% | 53.8% | 51.0% | 39.1% | 36.8% | 37.5% |
| Margem Líquida | 33.9% | 36.6% | 39.3% | 39.5% | 41.1% | 45.0% | 42.5% | 32.0% | 30.2% | 30.7% |