NASDAQ: FFIN · Regional Banks
First Financial Bankshares (FFIN) fair value: undervalued or overvalued?
As of 26 Sep 2026, Faircurve's model values First Financial Bankshares (FFIN) at $22.66 a share. The stock last closed at $32.15, which puts the model's fair value 29.5% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 2 Oct 2026. First Financial Bankshares, Inc.
Faircurve Insights · 26 Sep 2026
First Financial Bankshares, Inc. delivers commercial banking and financial services throughout Texas via its network of subsidiaries.
Faircurve's model on 26 Sep 2026 found a fair value of $22.66 a share, the midpoint of 2,000 simulations. The previous run, on 19 Sep 2026, gave $22.58, so the fair value moved +0.4%. The calibrated range over 63 trading days is $19.01 to $27.63, built from the fair value. This range, built weekly against realised prices from 4,327 past valuations, held the price 60% of the time at this horizon. The evidence grade for this valuation is High.
The business quality scores against comparable companies such as ServisFirst Bancshares, Inc., Fulton Financial Corporation, and International Bancshares Corporation. Other comparable companies are Axos Financial, Inc., Texas Capital Bancshares, Inc., and First BanCorp. The stock moved around its last 8 earnings reports, with a median size of 2.9% ignoring direction.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give FFIN?
The calibrated range for FFIN over 63 trading days is $19.01 to $27.63. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 40% of the time over 63 trading days, and 58% ended above it; the typical move was −0.1%.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $17.58 to $28.65. In 10% of the simulations the fair value came out above the price the model ran on.
How does FFIN compare with similar companies?
The companies in regional banks closest to First Financial Bankshares in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| SFBS ServisFirst Bancshares, Inc. | $40.15 | $37.75 | -6.0% | Fairly valued |
| FULT Fulton Financial Corporation | $22.81 | $22.32 | -2.1% | Fairly valued |
| IBOC International Bancshares Corporation | $69.84 | $81.92 | +17.3% | Undervalued |
| AX Axos Financial, Inc. | $88.93 | $117.54 | +32.2% | Undervalued |
| OZK Bank OZK | $46.71 | $75.52 | +61.7% | Gap wider than 60% |
| FLG Flagstar Financial, Inc. | $11.70 | $5.92 | -49.4% | Low evidence grade |
| TCBI Texas Capital Bancshares, Inc. | $93.76 | $87.21 | -7.0% | Fairly valued |
| FBP First BanCorp. | $27.04 | $28.30 | +4.7% | Fairly valued |
When does FFIN report earnings, and how has the stock reacted?
First Financial Bankshares's next earnings report is scheduled for 22 Oct 2026. Companies can move their dates.
How FFIN moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.9%.
| Report date | Two session move |
|---|---|
| 16 Jul 2026 | +0.3% |
| 16 Apr 2026 | +4.3% |
| 22 Jan 2026 | -3.1% |
| 23 Oct 2025 | -3.3% |
| 17 Jul 2025 | +2.8% |
| 17 Apr 2025 | +6.4% |
| 23 Jan 2025 | +1.5% |
| 17 Oct 2024 | -0.9% |
First Financial Bankshares at a glance
First Financial Bankshares, Inc. (FFIN) is a financial institution that delivers a broad array of commercial banking and financial services throughout Texas via its network of subsidiaries.
- Market value
- $4.6B
- Sector
- Financial Services
- Industry
- Regional Banks
- Consensus revenue growth, next fiscal year
- -14.5%
- Analysts with estimates
- 5
- Beta to the US market
- 0.51
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices First Financial Bankshares on the share price against the net assets on the balance sheet, adjusted for the earnings analysts expect (price to book value), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for FFIN was $22.58. As of 26 Sep 2026 it is $22.66, a change of +0.4%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about First Financial Bankshares's valuation
Is First Financial Bankshares stock undervalued or overvalued?
On Faircurve's model, FFIN reads as Overvalued as of 26 Sep 2026. The model's fair value is $22.66 a share against a last close of $32.15, a gap of -29.5%.
What is FFIN's fair value?
$22.66 a share as of 26 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $17.58 to $28.65.
What price range does the model give FFIN?
$19.01 to $27.63 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does First Financial Bankshares report earnings next?
The next report is scheduled for 22 Oct 2026. Companies can move their dates.
How much has FFIN moved on past earnings reports?
Across its last 8 reports the median two session move was 2.9%, ignoring direction. The largest was +6.4% around the report of 17 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for FFIN is high. For banks, insurers and mortgage real estate investment trusts (REITs) the grade looks at how many comparable companies there are and how closely they agree, how wide the range of outcomes is, and whether the model's valuation methods agree with each other. It is not a probability that the fair value is right, or that the price reaches it.