First Financial Bankshares appoints new SVP By Investing.com

ABILENE, Texas – First Financial Bankshares , Inc. (NASDAQ:) announced the appointment of Daniel Neely as Senior Vice President, Treasury Sales Manager. Neely, who has nearly two decades of experience in the banking industry, rejoins the company after a five-year tenure with a bank in the Houston area.

Neely’s return to First Financial Bank is expected to bolster the bank’s treasury management and client relationship strategies. His previous role within the bank as Treasury Management Sales Manager from 2016 to 2018, coupled with his experience at other financial institutions, positions him to contribute significantly to the bank’s growth and customer engagement efforts.

Andrea Smiddy-Schlagel, Executive Vice President of Treasury Management at First Financial, expressed confidence in Neely’s ability to integrate his experience to drive the bank’s objectives forward. She highlighted his proven track record in revenue growth and deposit accumulation through strategic sales initiatives and team leadership.

Neely holds a Bachelor of Business Administration and Management from the Florida Institute of Technology and is a Certified Treasury Professional. His career spans roles at JPMorgan Chase (NYSE:), Cadence Bank, Texas Capital Bank, and Independent Financial, indicating a comprehensive background in financial services.

First Financial Bankshares, Inc., headquartered in Abilene, Texas, operates through its subsidiary, First Financial Bank, N.A., with a presence across 79 locations in Texas. The company also manages First Financial Trust and Asset Management Company, N.A., and First Technology Services, Inc.

This announcement is based on a press release statement from First Financial Bankshares, Inc.

InvestingPro Insights

First Financial Bankshares, Inc. (NASDAQ:FFIN) has been a consistent performer in the banking sector, and recent data from InvestingPro underscores this narrative. With a market capitalization of $4.42 billion, the company stands as a significant player in the industry. It also boasts a Price/Earnings (P/E) ratio of 22.33, reflecting investor expectations of future earnings growth, which aligns well with the company’s recent strategic moves, including the appointment of Daniel Neely as Senior Vice President, Treasury Sales Manager.

InvestingPro Tips highlight that First Financial Bankshares has raised its dividend for 13 consecutive years and has maintained dividend payments for a remarkable 32 years, showcasing its commitment to returning value to shareholders. These factors are particularly noteworthy for investors seeking stable income through dividends. Moreover, the company has shown a strong return over the last three months, with a 21.31% price total return, indicating a positive market sentiment following its recent operational strategies.

For those interested in a deeper dive into First Financial Bankshares’ performance and potential, InvestingPro offers additional tips. With 4 analysts having revised their earnings upwards for the upcoming period, there’s a palpable optimism surrounding the company’s future profitability. In fact, analysts predict the company will remain profitable this year, a sentiment supported by its profitability over the last twelve months.

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