First Financial Bankshares Inc. reported earnings for the third quarter of 2008 of $13.36 million, up 9.1 percent from $12.25 million in the same quarter last year, according to a news release today. Basic earnings were 64 cents per share for the third quarter, up 8.5 percent from 59 cents for the same quarter last year.
The provision for loan losses increased to $1.77 million in the third quarter of 2008, up from $475,000 in the same quarter last year and $1.44 million in the second quarter of 2008. This increase is reflective of the company's growth in loans and concern for a slowing economy.
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