First Financial Bankshares Inc. in Abilene, Tex., announced Thursday that its second-quarter earnings grew 2.5%, to $13.6 million, from the year earlier.
Earnings per share were 65 cents, compared to 64 cents last year.
The $3.1 billion-asset company set aside $1.44 million for loan losses, up from $1 million the previous quarter and $238,000 the year earlier.
"The increase is reflective of the company’s growth in loans, concern for a slowing economy, and the increase in nonperforming loans," the company said in a release.
The ratio of nonperforming assets to loans and foreclosed assets rose to 0.71%, compared to 0.38% at March 31.
