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 Video: What is a Stock Split?
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| First Financial Bankshares is a financial holding company. Through its subsidiaries, Co. conducts a full-service commercial banking business. Each of Co.'s bank regions provide general commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, transmitting funds, and performing other customary commercial banking services. Co. also provides full-service trust and wealth management activities through First Financial Trust & Asset Management Company, N.A., its trust company. According to our FFIN split history records, First Financial Bankshares has had 10 splits. | |
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First Financial Bankshares (FFIN) has 10 splits in our FFIN split history database. The first split for FFIN took place on June 02, 1994. This was a 5 for 4
split, meaning for each 4
shares of FFIN owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. FFIN's second split took place on June 04, 1996. This was a 3 for 2
split, meaning for each 2
shares of FFIN owned pre-split, the shareholder now owned 3 shares. For example, a 1250 share position pre-split, became a 1875 share position following the split. FFIN's third split took place on June 03, 1997. This was a 5 for 4
split, meaning for each 4
shares of FFIN owned pre-split, the shareholder now owned 5 shares. For example, a 1875 share position pre-split, became a 2343.75 share position following the split. FFIN's 4th split took place on November 12, 1998. This was a 11 for 10
split, meaning for each 10
shares of FFIN owned pre-split, the shareholder now owned 11 shares. For example, a 2343.75 share position pre-split, became a 2578.125 share position following the split. FFIN's 5th split took place on June 04, 2001. This was a 5 for 4 split, meaning for each 4 shares of FFIN owned pre-split, the shareholder now owned 5 shares. For example, a 2578.125 share position pre-split, became a 3222.65625 share position following the split. FFIN's 6th split took place on June 03, 2003. This was a 125 for 100 split, meaning for each 100 shares of FFIN owned pre-split, the shareholder now owned 125 shares. For example, a 3222.65625 share position pre-split, became a 4028.3203125 share position following the split. FFIN's 7th split took place on June 02, 2005. This was a 4 for 3 split, meaning for each 3 shares of FFIN owned pre-split, the shareholder now owned 4 shares. For example, a 4028.3203125 share position pre-split, became a 5371.09375 share position following the split. FFIN's 8th split took place on June 02, 2011. This was a 3 for 2 split, meaning for each 2 shares of FFIN owned pre-split, the shareholder now owned 3 shares. For example, a 5371.09375 share position pre-split, became a 8056.640625 share position following the split. FFIN's 9th split took place on June 03, 2014. This was a 2 for 1 split, meaning for each share of FFIN owned pre-split, the shareholder now owned 2 shares. For example, a 8056.640625 share position pre-split, became a 16113.28125 share position following the split. FFIN's 10th split took place on June 04, 2019. This was a 2 for 1 split, meaning for each share of FFIN owned pre-split, the shareholder now owned 2 shares. For example, a 16113.28125 share position pre-split, became a 32226.5625 share position following the split.
When a company such as First Financial Bankshares splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FFIN split history from start to finish, an original position size of 1000 shares would have turned into 32226.5625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Financial Bankshares shares, starting with a $10,000 purchase of FFIN, presented on a split-history-adjusted basis factoring in the complete FFIN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$14.92 |
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| End price/share: |
$36.02 |
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| Starting shares: |
670.24 |
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| Ending shares: |
800.99 |
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| Dividends reinvested/share: |
$4.88 |
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| Total return: |
188.52% |
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| Average Annual Total Return: |
11.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,840.45 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$14.92 |
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| End price/share: |
$36.02 |
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| Dividends collected/share: |
$4.88 |
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| Total return: |
174.13% |
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| Average Annual Total Return: |
10.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,419.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/02/1994 | 5 for 4
| | 06/04/1996 | 3 for 2
| | 06/03/1997 | 5 for 4
| | 11/12/1998 | 11 for 10
| | 06/04/2001 | 5 for 4 | | 06/03/2003 | 125 for 100 | | 06/02/2005 | 4 for 3 | | 06/02/2011 | 3 for 2 | | 06/03/2014 | 2 for 1 | | 06/04/2019 | 2 for 1 |
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