FFIN First Financial Bankshares, Inc. - Common Stock
About First Financial Bankshares, Inc. - Common Stock Company overview from Wikipedia
FFIN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
FFIN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $0.2200 |
| March 13, 2026 | $0.1900 |
| Dec. 15, 2025 | $0.1900 |
| Sept. 15, 2025 | $0.1900 |
| June 16, 2025 | $0.1900 |
| March 14, 2025 | $0.1800 |
| Dec. 13, 2024 | $0.1800 |
| Sept. 12, 2024 | $0.1800 |
| June 14, 2024 | $0.1800 |
| March 14, 2024 | $0.1800 |
| Dec. 14, 2023 | $0.1800 |
| Sept. 13, 2023 | $0.1800 |
| June 14, 2023 | $0.1800 |
| March 10, 2023 | $0.1700 |
| Dec. 14, 2022 | $0.1700 |
| Sept. 14, 2022 | $0.1700 |
| June 15, 2022 | $0.1700 |
| March 15, 2022 | $0.1500 |
| Dec. 15, 2021 | $0.1500 |
| Sept. 15, 2021 | $0.1500 |
FFIN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 18.2%
- Buy 4 36.4%
- Hold 5 45.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.50 | $0.51 | -0.01% |
| March 31, 2026 | $0.50 | $0.48 | 0.02% |
| Dec. 31, 2025 | $0.51 | $0.49 | 0.02% |
| Sept. 30, 2025 | $0.36 | $0.48 | -0.12% |
| June 30, 2025 | $0.47 | $0.45 | 0.02% |
| March 31, 2025 | $0.43 | $0.43 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FFIN | $4.28B | 16.9 | 14.7% | 40.2% | 13.9% | — |
| ABCB | — | 12.4 | 5.7% | 34.1% | 10.3% | — |
| OZK | — | — | — | — | — | — |
| FLG | $5.24B | -25.2 | — | -8.6% | -2.2% | — |
| AX | $4.30B | 10.2 | 1.8% | 658.0% | 16.6% | — |
| EBC | $4.34B | 42.9 | 19.1% | 65.8% | 2.2% | — |
| TFSL | $3.70B | 41.2 | 6.0% | 28.3% | 4.8% | — |
| SFBS | $3.92B | 14.2 | 16.8% | 49.2% | 16.0% | — |
| FULT | — | — | — | — | — | — |
| IBOC | — | 10.0 | 1.0% | 49.0% | 13.1% | — |
| UCB | $3.77B | 11.9 | 11.7% | 30.9% | 9.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | $144M | $31M | $6M | $14M | $30M | $19M | $9M | $5M | $4M | $4M | |
| Interest Income | $702M | $629M | $528M | $433M | $376M | $364M | $319M | $292M | $246M | $232M | $222M | $199M | |
| Pretax Income | $310M | $272M | $243M | $281M | $272M | $242M | $198M | $178M | $147M | $136M | $132M | $119M | |
| Income Tax | $56M | $48M | $44M | $46M | $44M | $40M | $33M | $28M | $27M | $31M | $31M | $29M | |
| Net Income | $254M | $224M | $199M | $234M | $228M | $202M | $165M | $151M | $120M | $105M | $100M | $90M | |
| EPS (Basic) | $1.77 | $1.56 | $1.39 | $1.64 | $1.60 | $1.42 | $1.22 | $1.11 | $0.91 | $1.59 | $1.55 | $1.40 | |
| EPS (Diluted) | $1.77 | $1.56 | $1.39 | $1.64 | $1.59 | $1.42 | $1.21 | $1.11 | $0.91 | $1.59 | $1.54 | $1.39 | |
| Shares (Basic) | 143,065,368 | 142,822,880 | 142,688,585 | 142,596,252 | 142,291,939 | 142,032,420 | 135,647,354 | 135,218,734 | 132,253,726 | 66,013,004 | 64,892,934 | 64,047,803 | |
| Shares (Diluted) | 143,447,988 | 143,232,520 | 142,938,977 | 143,207,899 | 143,134,220 | 142,544,991 | 136,346,019 | 135,966,028 | 132,648,660 | 66,102,886 | 65,068,030 | 64,308,535 | |
| EBITDA | $14M | $13M | $13M | $13M | $13M | $13M | $12M | $13M | $13M | $12M | $11M | $9M |
Balance Sheet 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $150M | $152M | $152M | $153M | $150M | $142M | $131M | $133M | $124M | $123M | $116M | $103M | |
| PP&E (Gross) | $271M | $283M | $273M | $269M | $258M | $243M | $232M | $229M | $212M | $207M | $194M | $177M | |
| Accum. Depreciation | $121M | $131M | $121M | $116M | $108M | $101M | $101M | $96M | $88M | $84M | $79M | $74M | |
| Goodwill | $313M | $313M | $313M | $313M | $313M | $313M | $172M | $172M | $140M | $140M | $140M | $95M | |
| Total Assets | $15.45B | $13.98B | $13.11B | $12.97B | $13.10B | $10.90B | $8.26B | $7.73B | $7.25B | $6.81B | $6.67B | $5.85B | |
| Accounts Payable | · | · | · | · | $0 | $15M | · | · | · | · | · | · | |
| Short-term Debt | $22M | $136M | $22M | $24M | $671M | $430M | $381M | $469M | $331M | $446M | $616M | $367M | |
| Total Liabilities | $13.53B | $12.37B | $11.61B | $11.71B | $11.34B | $9.23B | $7.04B | $6.68B | $6.33B | $5.97B | $5.86B | $5.17B | |
| Total Debt | $22M | $136M | $22M | $643M | $671M | $430M | $381M | $469M | $331M | $446M | · | $367M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $678.0K | $663.0K | $661.0K | $660.0K | $641.0K | |
| Retained Earnings | $1.49B | $1.34B | $1.22B | $1.12B | $982M | $837M | $708M | $607M | $517M | $447M | $388M | $328M | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | $7M | $6M | $6M | |
| AOCI | $-270M | $-424M | $-403M | $-535M | $99M | $170M | $68M | $3M | $27M | $18M | $47M | $47M | |
| Stockholders' Equity | $1.92B | $1.61B | $1.50B | $1.27B | $1.76B | $1.68B | $1.23B | $1.05B | $923M | $838M | $805M | $682M | |
| Liabilities + Equity | $15.45B | $13.98B | $13.11B | $12.97B | $13.10B | $10.90B | $8.26B | $7.73B | $7.25B | $6.81B | $6.67B | $5.85B | |
| Shares Outstanding | 143,213,102 | 142,944,704 | 142,716,939 | 142,657,871 | 142,532,116 | 142,161,834 | 135,891,755 | 67,753,133 | 66,260,444 | 66,094,695 | 65,990,234 | 64,089,921 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $14M | $13M | $13M | $13M | $13M | $13M | $12M | $13M | $13M | $12M | $11M | $9M | |
| Stock-based Comp | $7M | $5M | $4M | $4M | $3M | · | · | · | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | $0 | $-393.0K | $-1M | $-2M | $-2M | $-2M | |
| Amort. of Intangibles | $352.0K | $618.0K | $912.0K | $1M | $2M | $2M | $1M | $1M | $613.0K | $738.0K | $561.0K | $275.0K | |
| Other Non-cash | $25M | $68M | $69M | $77M | $113M | $-4M | $28M | $26M | $58M | $46M | $-300.0K | $34M | |
| Operating Cash Flow | $299M | $310M | $285M | $324M | $355M | $211M | $202M | $186M | $190M | $161M | $109M | $131M | |
| CapEx | $13M | $17M | $17M | $16M | $19M | $16M | $9M | $18M | $14M | $20M | $17M | $17M | |
| Investing Cash Flow | $-1.02B | $-737M | $127M | $-838M | $-2.61B | $-1.26B | $-448M | $-273M | $-398M | $-252M | · | · | |
| Stock Issued | · | · | · | · | · | · | $4M | $4M | $3M | $1M | $2M | $1M | |
| Net Stock Activity | · | · | · | · | · | · | $4M | $4M | $3M | $1M | $2M | $1M | |
| Dividends Paid | $106M | $103M | $100M | $91M | $80M | $70M | $61M | $54M | $49M | $45M | $39M | $35M | |
| Financing Cash Flow | $1.03B | $654M | $-206M | $316M | $2.06B | $1.50B | $279M | $-37M | $324M | $75M | · | · | |
| Net Change in Cash | · | · | · | · | · | · | · | $-124M | $116M | $-16M | $19M | $41M | |
| Taxes Paid | $61M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $286M | $293M | $268M | $308M | $334M | $194M | $195M | $171M | $176M | $140M | $92M | $114M | |
| Levered FCF | · | · | $150M | $282M | $329M | $182M | $170M | $155M | $169M | $136M | $89M | $111M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 40.2% | 40.6% | 40.5% | 44.0% | 44.4% | 41.2% | 41.5% | 40.2% | 36.7% | 33.6% | 34.5% | 34.3% | |
| Pretax Margin | 49.0% | 49.4% | 49.5% | 52.7% | 53.1% | 49.5% | 49.8% | 47.6% | 44.9% | 43.6% | 45.3% | 45.4% | |
| EBITDA Margin | 2.2% | 2.4% | 2.6% | 2.4% | 2.5% | 2.6% | 2.9% | 3.4% | 3.9% | 3.7% | 3.8% | 3.5% | |
| ROA | 1.7% | 1.6% | 1.5% | 1.8% | 1.8% | 1.9% | 2.0% | 2.0% | 1.7% | 1.6% | 1.5% | 1.6% | |
| ROE | 13.9% | 13.7% | 14.5% | 19.6% | 13.0% | 12.2% | 13.6% | 14.7% | 13.2% | 12.3% | 12.6% | 13.4% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.1 | 0.0 | 0.5 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | · | 0.5 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.7% | 12.0% | -7.7% | 4.0% | 4.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 5.8% | 2.4% | 0.14% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.5% | 12.2% | -15.2% | 3.1% | 12.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 2.6% | -0.63% | -0.71% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 4.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 13.5% | 12.3% | -15.1% | 3.0% | 12.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 2.6% | -0.60% | -0.51% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 4.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 8.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $632M | $551M | $492M | $533M | $513M | $490M | $398M | $375M | $328M | $312M | $291M | $261M | |
| Net Income TTM | $254M | $224M | $199M | $234M | $228M | $202M | $165M | $151M | $120M | $105M | $100M | $90M | |
| Market Cap | $4.28B | $5.15B | $4.32B | $4.91B | $7.25B | $5.14B | $4.77B | $1.95B | $1.49B | $1.49B | $995M | · | |
| P/E | 16.9 | 23.1 | 21.8 | 21.0 | 32.0 | 25.5 | 29.0 | 26.0 | 24.8 | 14.2 | 9.8 | 10.7 | |
| P/S | 6.8 | 9.4 | 8.8 | 9.2 | 14.1 | 10.5 | 12.0 | 5.2 | 4.6 | 4.8 | 3.4 | · | |
| P/B | 2.2 | 3.2 | 2.9 | 3.9 | 4.1 | 3.1 | 3.9 | 1.9 | 1.6 | 1.8 | 1.2 | · | |
| P / Tangible Book | 2.7 | 4.0 | 3.6 | 5.2 | 5.0 | 3.8 | · | · | · | · | · | · | |
| P / Cash Flow | 14.3 | 16.6 | 15.2 | 15.1 | 20.5 | 24.4 | 23.4 | 10.3 | 7.8 | 9.3 | 9.1 | · | |
| P / FCF | 15.0 | 17.6 | 16.2 | 15.9 | 21.7 | 26.5 | 24.4 | 11.4 | 8.5 | 10.6 | 10.9 | · | |
| Dividend Yield | 2.5% | 2.0% | 2.3% | 1.9% | 1.1% | 1.4% | 1.3% | 2.8% | 3.3% | 3.0% | 3.9% | · | |
| Earnings Yield | 5.9% | 4.3% | 4.6% | 4.8% | 3.1% | 3.9% | 3.5% | 3.9% | 4.0% | 7.0% | 10.2% | 9.3% | |
| Payout Ratio | 41.8% | 46.0% | 50.2% | 38.9% | 35.0% | 34.8% | 37.0% | 35.8% | 40.7% | 42.9% | 38.6% | 38.6% | |
| Annual Payout | $106M | $103M | $100M | $91M | $80M | $70M | $61M | $54M | $49M | $45M | $39M | $35M |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | $50M | $49M | · | $41M | $33M | $25M | · | $10M | |
| Interest Income | $186M | $183M | $183M | $180M | $173M | $167M | $166M | $160M | $154M | $149M | $142M | $135M | $129M | $122M | $121M | $113M | |
| Pretax Income | $87M | $88M | $90M | $63M | $82M | $75M | $76M | $67M | $64M | $65M | $56M | $60M | $63M | $64M | $71M | $71M | |
| Income Tax | $16M | $16M | $16M | $11M | $15M | $14M | $14M | $12M | $11M | $11M | $10M | $11M | $12M | $12M | $12M | $12M | |
| Net Income | $72M | $72M | $73M | $52M | $67M | $61M | $62M | $55M | $52M | $53M | $46M | $50M | $51M | $53M | $59M | $59M | |
| EPS (Basic) | $0.50 | $0.50 | $0.50 | $0.37 | $0.47 | $0.43 | $0.43 | $0.39 | $0.37 | $0.37 | $0.31 | $0.35 | $0.36 | $0.37 | $0.41 | $0.42 | |
| EPS (Diluted) | $0.50 | $0.50 | $0.51 | $0.36 | $0.47 | $0.43 | $0.43 | $0.39 | $0.37 | $0.37 | $0.31 | $0.35 | $0.36 | $0.37 | $0.42 | $0.41 | |
| Shares (Basic) | 143,280,452 | 143,210,755 | -286,012,914 | 143,105,224 | 143,023,544 | 142,949,514 | -285,569,372 | 142,853,215 | 142,814,363 | 142,724,674 | -285,385,226 | 142,707,260 | 142,700,905 | 142,665,646 | -285,169,242 | 142,524,500 | |
| Shares (Diluted) | 143,698,421 | 143,608,079 | -286,759,834 | 143,474,169 | 143,378,505 | 143,355,148 | -286,074,716 | 143,188,857 | 143,088,930 | 143,029,449 | -286,363,962 | 143,149,373 | 143,087,555 | 143,066,011 | -286,458,921 | 143,126,088 | |
| EBITDA | · | $4M | · | · | · | $4M | · | · | · | $3M | · | · | · | $3M | · | · |
Balance Sheet 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $156M | $151M | $150M | $150M | $149M | $151M | $152M | $151M | $153M | $152M | · | $153M | $153M | $154M | · | $153M | |
| PP&E (Gross) | · | · | $271M | · | · | · | $283M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $121M | · | · | · | $131M | · | · | · | · | · | · | · | · | · | |
| Goodwill | · | · | $313M | · | · | · | $313M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $15.31B | $15.39B | $15.45B | $14.84B | $14.38B | $14.31B | $13.98B | $13.58B | $13.16B | $13.19B | · | $12.78B | $12.83B | $13.01B | · | $13.11B | |
| Accounts Payable | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Short-term Debt | $22M | $22M | $22M | $22M | $22M | $27M | $136M | $26M | $24M | $27M | · | $752M | $588M | $633M | · | $775M | |
| Total Liabilities | $13.31B | $13.44B | $13.53B | $13.01B | $12.64B | $12.63B | $12.37B | $11.92B | $11.65B | $11.70B | · | $11.54B | $11.46B | $11.64B | · | $11.98B | |
| Total Debt | $22M | $22M | · | $22M | $22M | $27M | · | $26M | $24M | $27M | · | $752M | $588M | $633M | · | $775M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $1.57B | $1.53B | $1.49B | $1.44B | $1.42B | $1.38B | $1.34B | $1.30B | $1.27B | $1.25B | · | $1.20B | $1.18B | $1.15B | · | $1.09B | |
| AOCI | $-280M | $-290M | $-270M | $-309M | $-373M | $-389M | $-424M | $-330M | $-442M | $-441M | · | $-640M | $-490M | $-458M | · | $-632M | |
| Stockholders' Equity | $2.00B | $1.94B | $1.92B | $1.83B | $1.74B | $1.68B | $1.61B | $1.66B | $1.52B | $1.49B | $1.50B | $1.24B | $1.37B | $1.37B | $1.27B | $1.13B | |
| Liabilities + Equity | $15.31B | $15.39B | $15.45B | $14.84B | $14.38B | $14.31B | $13.98B | $13.58B | $13.16B | $13.19B | · | $12.78B | $12.83B | $13.01B | · | $13.11B | |
| Shares Outstanding | 143,319,824 | 143,279,030 | 143,213,102 | 143,188,051 | 143,077,619 | 143,019,433 | 142,944,704 | 142,906,070 | 142,848,909 | 142,817,159 | 142,716,939 | 142,677,069 | 142,741,196 | 142,703,531 | 142,657,871 | 142,628,163 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $3M | $4M | $3M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $952.0K | $1M | · | |
| Amort. of Intangibles | $43.0K | $43.0K | $85.0K | $86.0K | $86.0K | $95.0K | $147.0K | $157.0K | $157.0K | $157.0K | $228.0K | $228.0K | $228.0K | $228.0K | $299.0K | $306.0K | |
| Other Non-cash | · | $25M | · | · | · | $10M | · | · | · | $18M | · | · | · | $40M | · | · | |
| Operating Cash Flow | $84M | $102M | $75M | $86M | $61M | $77M | $84M | $81M | $69M | $76M | $59M | $73M | $57M | $96M | $70M | $96M | |
| CapEx | $9M | $4M | $6M | $3M | $3M | $2M | $5M | $3M | $5M | $4M | $4M | $4M | $3M | $6M | $4M | $7M | |
| Investing Cash Flow | $-74M | $-321M | $-132M | $-519M | $-223M | $-142M | $-337M | $-109M | $-222M | $-70M | $40M | $-8M | $-26M | $122M | $188M | $-221M | |
| Dividends Paid | $27M | $27M | $27M | $27M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $24M | $24M | $24M | $18.0K | |
| Financing Cash Flow | $-167M | $-121M | $485M | $374M | $-57M | $229M | $432M | $242M | $-78M | $57M | $49M | $45M | $-198M | $-102M | $-293M | $25M | |
| Free Cash Flow | · | $98M | · | · | · | $75M | · | · | · | $72M | · | · | · | $90M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $31M | · | · | · | $69M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 41.6% | 42.9% | · | 32.4% | 42.6% | 41.2% | · | 39.7% | 39.0% | 41.2% | · | 40.6% | 40.4% | 42.3% | · | 44.2% | |
| Pretax Margin | 50.6% | 52.6% | · | 39.2% | 52.2% | 50.4% | · | 48.3% | 47.3% | 50.0% | · | 49.4% | 49.8% | 51.7% | · | 53.3% | |
| EBITDA Margin | · | 2.1% | · | · | · | 2.4% | · | · | · | 2.5% | · | · | · | 2.5% | · | · | |
| ROA | 0.48% | 0.48% | · | 0.37% | 0.48% | 0.45% | · | 0.42% | 0.40% | 0.41% | · | 0.38% | 0.39% | 0.40% | · | 0.46% | |
| ROE | 3.9% | 4.0% | · | 3.0% | 4.1% | 3.9% | · | 3.8% | 3.6% | 3.7% | · | 4.2% | 3.8% | 3.7% | · | 4.1% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.6 | 0.4 | 0.5 | · | 0.7 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $658M | $634M | · | $606M | $580M | $553M | · | $526M | $512M | $502M | · | $506M | $520M | $525M | · | $534M | |
| Net Income TTM | $262M | $252M | · | $236M | $236M | $223M | · | $211M | $206M | $206M | · | $212M | $223M | $228M | · | $235M | |
| Market Cap | $4.96B | $4.22B | · | $4.82B | $5.15B | $5.14B | · | $5.29B | $4.22B | $4.69B | · | $3.58B | $4.07B | $4.55B | · | $5.97B | |
| P/E | 18.9 | 16.7 | · | 20.4 | 21.7 | 23.0 | · | 25.0 | 20.4 | 22.6 | · | 16.9 | 18.3 | 20.1 | · | 25.7 | |
| P/S | 7.5 | 6.7 | · | 7.9 | 8.9 | 9.3 | · | 10.1 | 8.2 | 9.3 | · | 7.1 | 7.8 | 8.7 | · | 11.2 | |
| P/B | 2.5 | 2.2 | · | 2.6 | 3.0 | 3.1 | · | 3.2 | 2.8 | 3.1 | · | 2.9 | 3.0 | 3.3 | · | 5.3 | |
| P / Tangible Book | 2.5 | 2.2 | · | 2.6 | 3.0 | 3.1 | · | 3.2 | 2.8 | 3.1 | · | 2.9 | 3.0 | 3.3 | · | 5.3 | |
| P / Cash Flow | · | 41.5 | · | · | · | 66.9 | · | · | · | 61.9 | · | · | · | 47.5 | · | · | |
| P / FCF | · | 43.3 | · | · | · | 68.8 | · | · | · | 65.3 | · | · | · | 50.8 | · | · | |
| Earnings Yield | 5.3% | 6.0% | · | 4.9% | 4.6% | 4.3% | · | 4.0% | 4.9% | 4.4% | · | 5.9% | 5.5% | 5.0% | · | 3.9% | |
| Payout Ratio | · | 38.0% | · | · | · | 42.0% | · | · | · | 48.1% | · | · | · | 46.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Net Income | $254M | $224M | — | — | — |
| Diluted EPS | $1.77 | $1.56 | — | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.1 | — | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $286M | $293M | — | — | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 368 filers · $1.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 53 (+10 vs prior Q) | 29 (-10 vs prior Q) | 133 (+1 vs prior Q) | 83 (-15 vs prior Q) | +16.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $252,718,227 | 7,303,995 | 13.20% | Shares |
| STATE STREET CORP | $235,193,617 | 6,756,261 | 12.29% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $192,983,299 | 5,577,552 | 10.08% | Shares |
| NEUBERGER BERMAN GROUP LLC | $155,150,794 | 4,484,127 | 8.10% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $112,330,082 | 3,245,903 | 5.87% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $88,655,096 | 2,562,287 | 4.63% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $88,276,335 | 2,551,339 | 4.61% | Shares |
| NORGES BANK | $48,364,503 | 1,397,818 | 2.53% | Shares |
| Champlain Investment Partners, LLC | $33,784,478 | 976,430 | 1.76% | Shares |
| Xcelsior Advisor Partners LLC | $33,624,493 | 971,806 | 1.76% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $30,992,154 | 895,727 | 1.62% | Shares |
| ProShare Advisors LLC | $28,941,826 | 836,469 | 1.51% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $28,077,104 | 811,477 | 1.47% | Shares |
| CITADEL ADVISORS LLC | $24,019,078 | 694,193 | 1.25% | Shares |
| Bank of New York Mellon Corp | $23,286,976 | 673,034 | 1.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $23,263,102 | 672,344 | 1.22% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $18,917,169 | 546,739 | 0.99% | Shares |
| ROYCE & ASSOCIATES LP | $18,208,734 | 526,264 | 0.95% | Shares |
| FMR LLC | $18,145,624 | 524,440 | 0.95% | Shares |
| GOLDMAN SACHS GROUP INC | $18,106,042 | 523,296 | 0.95% | Shares |
| AXIOM INVESTORS LLC /DE | $18,022,102 | 520,870 | 0.94% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $16,318,536 | 471,634 | 0.85% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $15,641,847 | 443,866 | 0.82% | Shares |
| TWO SIGMA INVESTMENTS, LP | $14,919,866 | 431,210 | 0.78% | Shares |
| RHUMBLINE ADVISERS | $14,565,088 | 420,957 | 0.76% | Shares |
| D. E. Shaw & Co., Inc. | $14,183,786 | 409,936 | 0.74% | Shares |
| STIFEL FINANCIAL CORP | $12,143,996 | 350,983 | 0.63% | Shares |
| BANK OF AMERICA CORP /DE/ | $11,934,544 | 344,929 | 0.62% | Shares |
| RAYMOND JAMES FINANCIAL INC | $9,252,972 | 267,427 | 0.48% | Shares |
| Swiss National Bank | $8,951,020 | 258,700 | 0.47% | Shares |
| BlackRock, Inc. | $8,690,344 | 251,166 | 0.45% | Shares |
| California Public Employees Retirement System | $8,433,473 | 243,742 | 0.44% | Shares |
| ALLIANCEBERNSTEIN L.P. | $7,923,022 | 269,033 | 0.41% | Shares |
| ALGERT GLOBAL LLC | $7,537,783 | 217,855 | 0.39% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,143,412 | 206,457 | 0.37% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $6,995,990 | 202,196 | 0.37% | Shares |
| LPL Financial LLC | $6,491,413 | 187,613 | 0.34% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $6,428,800 | 185,803 | 0.34% | Shares |
| Phocas Financial Corp. | $6,428,680 | 185,800 | 0.34% | Shares |
| CITIGROUP INC | $6,367,092 | 184,020 | 0.33% | Shares |
| TUDOR INVESTMENT CORP ET AL | $5,834,771 | 168,635 | 0.30% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $5,746,783 | 166,092 | 0.30% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $5,708,308 | 164,980 | 0.30% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $5,404,797 | 156,208 | 0.28% | Shares |
| CFM WEALTH PARTNERS LLC | $4,819,261 | 139,285 | 0.25% | Shares |
| MetLife Investment Management, LLC | $4,796,114 | 138,616 | 0.25% | Shares |
| Retirement Systems of Alabama | $4,666,052 | 134,857 | 0.24% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,400,359 | 127,178 | 0.23% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $4,196,080 | 121,274 | 0.22% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,958,345 | 134,409 | 0.21% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $3,842,745 | 111,062 | 0.20% | Shares |
| MORGAN STANLEY | $3,574,976 | 103,323 | 0.19% | Shares |
| UBS Group AG | $3,438,064 | 99,366 | 0.18% | Shares |
| AWM CAPITAL, LLC | $3,401,303 | 98,304 | 0.18% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $3,393,914 | 98,090 | 0.18% | Shares |
| Bridge City Capital, LLC | $3,339,004 | 96,503 | 0.17% | Shares |
| AMERIPRISE FINANCIAL INC | $3,315,802 | 95,808 | 0.17% | Shares |
| Watchman Group, Inc. | $3,295,858 | 95,256 | 0.17% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $3,128,117 | 90,513 | 0.16% | Shares |
| Sanctuary Advisors, LLC | $3,125,822 | 90,342 | 0.16% | Shares |
| Mariner, LLC | $3,019,603 | 87,273 | 0.16% | Shares |
| FIRST TRUST ADVISORS LP | $2,938,162 | 84,918 | 0.15% | Shares |
| Holocene Advisors, LP | $2,930,585 | 84,699 | 0.15% | Shares |
| Smart Money Group LLC | $2,788,720 | 80,599 | 0.15% | Shares |
| Numerai GP LLC | $2,724,058 | 78,730 | 0.14% | Shares |
| Strategic Financial Concepts, LLC | $2,693,061 | 77,834 | 0.14% | Shares |
| Legal & General Group Plc | $2,634,963 | 76,155 | 0.14% | Shares |
| Rosenthal | Henry Capital Advisors, Inc. | $2,596,867 | 75,054 | 0.14% | Shares |
| Prime Capital Investment Advisors, LLC | $2,587,215 | 74,775 | 0.14% | Shares |
| BARCLAYS PLC | $2,401,655 | 69,412 | 0.13% | Shares |
| Waterloo Capital, L.P. | $2,397,261 | 69,285 | 0.13% | Shares |
| Rafferty Asset Management, LLC | $2,288,894 | 66,153 | 0.12% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $2,167,448 | 62,643 | 0.11% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $2,136,135 | 61,738 | 0.11% | Shares |
| CWM, LLC | $1,915,016 | 65,026 | 0.10% | Shares |
| DOLIVER CAPITAL ADVISORS, INC. | $1,914,250 | 65,000 | 0.10% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,874,525 | 54,177 | 0.10% | Shares |
| State of New Jersey Common Pension Fund D | $1,871,410 | 54,087 | 0.10% | Shares |
| Invesco Ltd. | $1,848,920 | 53,437 | 0.10% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,832,208 | 52,954 | 0.10% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,827,295 | 52,812 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,791,632 | 51,781 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $1,761,209 | 50,902 | 0.09% | Shares |
| State of Tennessee, Department of Treasury | $1,742,145 | 50,351 | 0.09% | Shares |
| Warwick Investment Management, Inc. | $1,688,831 | 48,810 | 0.09% | Shares |
| Gibraltar Capital Management, Inc. | $1,678,100 | 48,500 | 0.09% | Shares |
| Freestone Grove Partners LP | $1,664,398 | 48,104 | 0.09% | Shares |
| Beacon Pointe Advisors, LLC | $1,618,727 | 46,784 | 0.08% | Shares |
| Quantinno Capital Management LP | $1,610,574 | 46,548 | 0.08% | Shares |
| JANUS HENDERSON GROUP PLC | $1,575,004 | 53,399 | 0.08% | Shares |
| Garrett Wealth Advisory Group, LLC | $1,502,552 | 43,426 | 0.08% | Shares |
| IEQ CAPITAL, LLC | $1,494,223 | 43,186 | 0.08% | Shares |
| HSBC HOLDINGS PLC | $1,466,006 | 42,248 | 0.08% | Shares |
| Beacon Pointe Advisors, LLC | $1,390,659 | 47,221 | 0.07% | Shares |
| HOURGLASS CAPITAL, LLC | $1,384,000 | 40,000 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $1,368,084 | 39,540 | 0.07% | Shares |
| DAVENPORT & Co LLC | $1,364,718 | 39,443 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $1,321,720 | 38,200 | 0.07% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,298,019 | 37,515 | 0.07% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $1,288,020 | 37,226 | 0.07% | Shares |
Company insiders 49 insiders · 20 officers · 27 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David William Bailey | President and CEO | Aug. 16, 2026 A | 28,845 | 1 | 0 | $31,540 |
| Kirk W Thaxton | Trust Company CEO | Dec. 12, 2024 G | 88,801 | 0 | 0 | $0 |
| Michelle S Hickox | EVP/CFO | Aug. 16, 2026 A | 8,170 | 3 | 0 | $121,300 |
| Kyle J. Mcvey | EVP, CFO - Bank | Aug. 14, 2026 M | 33,737 | 0 | 0 | $0 |
| James R Gordon | EVP-CFO | Nov. 2, 2022 F | 12,104 | 0 | 0 | $0 |
| Lon A. Biebighauser | Trust Company President | Aug. 14, 2026 A | 11,778 | 0 | 0 | $0 |
| Ronald David Butler II | EVP/CAO | Aug. 17, 2026 M | 157,223 | 0 | 1 | $-524,250 |
| John James Ruzicka Jr | EVP, Chief Banking Ops Officer | Aug. 16, 2026 A | 10,580 | 0 | 0 | $0 |
| Luke T. Longhofer | EVP - Chief Credit Officer | Aug. 16, 2026 A | 41,798 | 0 | 0 | $0 |
| Randall Allen Roewe | EVP, Chief Risk Officer | Aug. 16, 2026 A | 33,635 | 0 | 0 | $0 |
| Timothy Michael Brown | EVP/Chief Information Officer | Aug. 14, 2026 A | 1,814 | 0 | 0 | $0 |
| Brian D. Goodrich | EVP - General Counsel | Aug. 14, 2026 A | 7,082 | 2 | 0 | $96,920 |
| Scott F Dueser | Executive Chairman | Aug. 14, 2026 A | 506,387 | 0 | 0 | $0 |
| Gary Gragg | Executive Vice President | Oct. 27, 2021 F | 120,202 | 0 | 0 | $0 |
| Bruce J Hildebrand | Executive Vice President | Oct. 22, 2019 F | 109,798 | 0 | 0 | $0 |
| Thomas S Limerick | Chief Information Officer | June 12, 2017 A | 2,851 | 0 | 0 | $0 |
| Marna Yerigan | Executive Vice President | June 12, 2017 A | 4,185 | 0 | 0 | $0 |
| Gary L Webb | Executive Vice President | July 28, 2015 M | 29,475 | 0 | 0 | $0 |
| Bill Rowe | Vice President | Dec. 6, 2012 M | 800 | 0 | 0 | $0 |
| Robert S Patterson | Executive Vice President | Feb. 6, 2007 M | 10,799 | 0 | 0 | $0 |
| Robert Clark Nickles Jr | Director | July 24, 2026 P | 98,324 | 4 | 0 | $86,459 |
| Murray Hamilton Edwards | Director | June 11, 2026 P | 44,634 | 3 | 0 | $79,590 |
| Geoff Haney | Director | April 28, 2026 A | 35,788 | 2 | 0 | $382,206 |
| Blake Matthew Poutra | Director | April 28, 2026 A | 13,420 | 0 | 0 | $0 |
| Sally Pope Davis | Director | April 28, 2026 A | 12,513 | 3 | 0 | $155,313 |
| Vianei Lopez Braun | Director | April 28, 2026 A | 14,759 | 0 | 0 | $0 |
| Michael B. Denny | Director | April 28, 2026 A | 110,850 | 0 | 0 | $0 |
| Ivan Tim Lancaster | Director | April 28, 2026 A | 41,799 | 0 | 0 | $0 |
| Eli Jones | Director | April 28, 2026 A | 11,524 | 0 | 0 | $0 |
| Lota S. Zoth | Director | April 28, 2026 A | 2,142 | 0 | 0 | $0 |
| Kade Matthews | Director | April 28, 2026 A | 19,877 | 0 | 0 | $0 |
| David L Copeland | Director | April 28, 2026 A | 47,565 | 0 | 0 | $0 |
| Johnny Trotter | Director | March 12, 2026 P | 956,444 | 2 | 0 | $149,340 |
| April Kaye Bullock Anthony | Director | April 23, 2024 A | 95,441 | 0 | 0 | $0 |
| Tucker S Bridwell | Director | May 17, 2021 S | 176,708 | 0 | 0 | $0 |
| Ronald N Giddiens | Director | Oct. 25, 2019 S | 25,114 | 0 | 0 | $0 |
| Ross Henry Smith Jr | Director | April 23, 2019 A | 26,115 | 0 | 0 | $0 |
| Steven L Beal | Director | Jan. 30, 2018 S | 1,465 | 0 | 0 | $0 |
| Joseph E Canon | Director | July 31, 2013 S | 95,000 | 0 | 0 | $0 |
| Dian Graves Stai | Director | Nov. 11, 2011 P | 74,177 | 0 | 0 | $0 |
| Derrell E Johnson | Director | April 8, 2010 L | 32,108 | 0 | 0 | $0 |
| Mae A Coalson | Director | April 5, 2010 L | 4,972 | 0 | 0 | $0 |
| Kenneth T Murphy | Director | Dec. 30, 2009 G | 113,800 | 0 | 0 | $0 |
| F L Stephens | Director | Dec. 12, 2007 P | 100,001 | 0 | 0 | $0 |
| Bynum Miers | Director | Aug. 10, 2007 S | 28,170 | 0 | 0 | $0 |
| Raymond A Mcdaniel JR | Director | Sept. 15, 2005 P | 3,600 | 0 | 0 | $0 |
| James Magee Parker | — | Sept. 28, 2006 S | 40,897 | 0 | 0 | $0 |
| Jack D Ramsey | — | Sept. 13, 2006 A | 204,143 | 0 | 0 | $0 |
| Curtis R Harvey | — | Aug. 27, 2003 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 83 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| REGL · ProShares Trust | 1.59% | 816,745 NS | May 31, 2026 | N-PORT |
| IAT · iShares Trust | 0.71% | 139,015 SH | Aug. 8, 2026 | Daily |
| DPST · Direxion Shares ETF Trust | 0.61% | 93,541 NS | April 30, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.46% | 741,922 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.21% | 726 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.17% | 4,263 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.16% | 62,054 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.16% | 13,281 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.16% | 664,563 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.15% | 64,975 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.15% | 385,130 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.15% | 3,407,690 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.14% | 17,735 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.14% | 770,819 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.14% | 116,326 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.14% | 575,625 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.13% | 17,007 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.13% | 58,390 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.13% | 67,171 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.12% | 4,503,384 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.12% | 14,976 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.12% | 210,375 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.11% | 6,334 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 87,279 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.10% | 444,454 NS | April 30, 2026 | N-PORT |
| IJK · iShares Trust | 0.10% | 320,000 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.10% | 54,035 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.09% | 4,504 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.09% | 1,773,472 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.09% | 625,720 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 25,743 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.08% | 2,159 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.08% | 352,760 NS | May 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.08% | 378 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 48,801 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.07% | 30,821 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 20,269 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.07% | 4,954 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.06% | 13,045 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.06% | 629 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.06% | 5,341 SH | Aug. 8, 2026 | Daily |
| IYG · iShares Trust | 0.06% | 39,169 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.06% | 163,463 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 1,495,303 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 2,794,552 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.05% | 210,067 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.05% | 5,010 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.05% | 30,844 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.04% | 7,611 SH | Aug. 8, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.04% | 13,742 SH | Aug. 8, 2026 | Daily |