ABILENE, Texas - First Financial Bankshares , Inc. (NASDAQ: NASDAQ:FFIN) has announced the appointment of Sally Pope Davis to its Board of Directors, as well as to the board of its subsidiary, First Financial Bank, following her retirement from Goldman Sachs in April 2024.
Davis, who brings over three decades of experience in the financial sector, was a co-leader of one of the largest U.S. small cap value funds at Goldman Sachs Asset Management and specialized in investments across the financial sector.
Chairman, President, and CEO F. Scott Dueser expressed the company's honor in welcoming Davis, citing her extensive knowledge and experience as a top financial investor in the country.
Davis's career began at Chase Manhattan Bank in 1981, and she joined Goldman Sachs in 1989, where she spent ten years as a sell-side research analyst before moving into asset management. She is also recognized for her public speaking engagements and frequent contributions to financial media and conferences.
First Financial Bankshares, headquartered in Abilene, Texas, operates 79 banking locations through First Financial Bank and has additional subsidiaries in trust and asset management and technology services. The company is traded on The NASDAQ Global Select Market under the symbol FFIN.
This announcement is based on a press release statement by First Financial Bankshares, Inc. and includes forward-looking statements subject to risks and uncertainties. Actual results could differ materially from those projected due to various factors including competition, policy changes, and market fluctuations.
The company has outlined these risks in its filings with the Securities and Exchange Commission, available on its website or upon request.
InvestingPro Insights
Following the strategic appointment of Sally Pope Davis to the board of First Financial Bankshares, Inc., investors may be interested in the latest financial metrics and insights from InvestingPro. With a stable Market Cap of $4.46 billion and a P/E Ratio of 22.51, the company presents itself as a significant player in the financial sector. Notably, the company's Revenue Growth for the last quarter was positive at 6.01%, showing a potential for expansion in its operations.
Investors may also find value in the company's commitment to shareholder returns, as evidenced by the InvestingPro Tip that First Financial Bankshares has raised its dividend for 13 consecutive years and has maintained dividend payments for 32 consecutive years.
This consistent track record of dividend growth, which was 5.88% over the last twelve months, aligns with the company's recent announcement, potentially signaling a strong focus on delivering value to its shareholders.
Moreover, analysts have shown confidence in the company's trajectory, with two analysts revising their earnings upwards for the upcoming period, as per another InvestingPro Tip. This optimism is further supported by predictions that the company will remain profitable this year, having been profitable over the last twelve months.
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