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First Financial: 2Q Earnings Snapshot

July 23, 2020 GMT

ABILENE, Texas (AP) _ First Financial Bankshares Inc. (FFIN) on Thursday reported second-quarter profit of $53.5 million.

The bank, based in Abilene, Texas, said it had earnings of 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The commercial banker operating mostly in Texas posted revenue of $129.1 million in the period. Its revenue net of interest expense was $129.1 million, which also beat Street forecasts.

First Financial shares have decreased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.56, a drop of nearly 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIN at https://www.zacks.com/ap/FFIN

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