FIRST FINANCIAL BANKSHARES INC
8-K, 1999-02-10
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K


                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported):    Commission File Number
         January 31, 1999                                     0-7674
                                                              ------


                        FIRST FINANCIAL BANKSHARES, INC.
                        --------------------------------
             (Exact Name of Registrant as Specified in its Charter)


      Texas                                                75-0944023        
- ------------------------                                ----------------
(State of Incorporation)                                (I.R.S. Employer
                                                        Identification No.)


                      400 Pine Street, Abilene, Texas 79601
                      -------------------------------------
                   (Address of Executive Offices and Zip Code)

                  Registrant's Telephone Number (915) 627-7155


<PAGE>




ITEM 5.  Other Events; publication of 30 days post-merger combined results under
         ASR No. 135 and SAB No. 65

         On December 16, 1998, First Financial Bankshares,  Inc. (the "Company")
consummated  the  Stock  Exchange  Offer  (the  "Exchange  Offer")  made  to the
shareholders  of  Cleburne  State Bank  ("CSB"),  pursuant  to a Stock  Exchange
Agreement and Plan of Reorganization (the "Exchange  Agreement") dated September
4, 1998,  between the Company and CSB. The shares of the Company's  Stock issued
in connection  with the Exchange Offer were  registered  with the Securities and
Exchange  Commission and the  Registration  Statement was declared  effective on
November 6, 1998.  Prior to commencing the Exchange  Offer,  the Company and CSB
had  obtained  the approval of the Federal  Reserve  Board and other  regulatory
authorities for the Company to acquire CSB.

     For the purpose of complying with ASR No. 135 as interpreted by SAB No. 65,
for the month ending  January 31, 1999,  First  Financial  Bankshares,  Inc. had
consolidated   total  revenues  of  $7,724,749,   consolidated   net  income  of
$2,163,608, and earnings per share of $ 0.22.


                                   SIGNATURES
                                   ----------


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                FIRST FINANCIAL BANKSHARES, INC.
                                                (Registrant)



DATE:  February 10, 1999                    By: /S/Curtis R. Harvey
                                                ----------------------------
                                                CURTIS R. HARVEY
                                                Executive Vice President and
                                                Chief Financial Officer



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