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First Financial Bankshares (STU:FI6) Scaled Net Operating Assets : -0.29 (As of Mar. 2024)


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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 Mar. 2024 was €7,309.2 Mil. First Financial Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was €10,744.4 Mil. First Financial Bankshares's Total Assets for the quarter that ended in Dec. 2023 was €12,017.8 Mil. Therefore, First Financial Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 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 )
=(11525.776-10624.032)/12247.518
=0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12017.83 - 492.054
=11525.776

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10643.338 - 19.306 - 0
=10624.032

First Financial Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(7309.189-10744.439)/12017.83
=-0.29

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12135.865 - 4826.676
=7309.189

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10763.808 - 19.369 - 0
=10744.439

* 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 (STU:FI6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Bankshares Inc (STU:FI6) » Definitions » Scaled Net Operating Assets
Comparable Companies
GBCI UBSI UMBF HWC COLB HOMB FNB VLY IBOC OZK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
FFIN:USA 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.