First Financial Bankshares (First Financial Bankshares) Scaled Net Operating Assets : -0.29 (As of Dec. 2023)

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What is First Financial Bankshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Bankshares's operating assets for the quarter that ended in Dec. 2023 was $7,836.2 Mil. First Financial Bankshares's operating liabilities for the quarter that ended in Dec. 2023 was $11,585.6 Mil. First Financial Bankshares's Total Assets for the quarter that ended in Sep. 2023 was $12,777.4 Mil. Therefore, First Financial Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.29.

First Financial Bankshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(12569.003	-	11585.641)	/	12974.066
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13105.594	-	536.591
=	12569.003

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11606.694	-	21.053	-	0
=	11585.641

First Financial Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(7836.241	-	11585.641)	/	12777.418
=	-0.29

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13105.594	-	5269.353
=	7836.241

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11606.694	-	21.053	-	0
=	11585.641

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Financial Bankshares (First Financial Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Bankshares Inc (NAS:FFIN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FI6:Germany

Address

400 Pine Street, Abilene, TX, USA, 79601

Website

https://www.ffin.com

First Financial Bankshares Inc is a financial and bank holding company. The company operates one line of business (community banking) located in a single geographic area (Texas). The company conducts a full-service commercial banking business through its subsidiaries. The loan portfolio segments of the company include Commercial and Industrial, Municipal, Agricultural, Construction and Development, Farm, Non-Owner Occupied and Owner Occupied Commercial Real Estate, Residential, Consumer Auto and Consumer Non-Auto.

Executives

Michelle S Hickox	officer: EVP/CFO	1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069
Nickles Robert Clark Jr	director	24503 OLD WINDMILL TRAIL, HOCKLEY TX 77447
Johnny Trotter	director	400 PINE STREET, C/O FIRST FINANCIAL BANKSHARES, ABILENE TX 79601
Murray Hamilton Edwards	director	5423 FM 3217, CLYDE TX 79510
Michael B. Denny	director	1202 ELMWOOD DRIVE, ABILENE TX 79605
Anthony April Kaye Bullock	director	3606 PRINCETON AVENUE, DALLAS TX 75205
F Scott Dueser	director	400 PINE ST, ABILENE TX 79601
Kade Matthews	director	400 PINE STREET, C/O FIRST FINANCIAL BANKSHARES, ABILENE TX 79601
Eli Jones	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
David William Bailey	officer: EVP, Commercial Banking	P.O. BOX 1581, EASTLAND TX 76448
David L Copeland	director	PO BOX 2791, ABILENE TX 79604
Tucker S Bridwell	director	400 PINE STE 1000, ABILENE TX 79601
James R Gordon	officer: EVP-CFO	104 SOUTH MAIN STREET, GREENVILLE SC 29601
Vianei Lopez Braun	director	801 CHERRY STREET, SUITE 2000, FT WORTH TX 76102
Ronald N Giddiens	director	5808 PECAN VALLEY, SAN ANGELO TX 76904-9531