The WACC of First Financial Bankshares Inc (FFIN) is 8.6%.
| Range | Selected | |
| Cost of equity | 7.60% - 10.10% | 8.85% |
| Tax rate | 16.60% - 16.70% | 16.65% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.4% - 9.7% | 8.6% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.82 | 0.94 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.60% | 10.10% |
| Tax rate | 16.60% | 16.70% |
| Debt/Equity ratio | 0.07 | 0.07 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.4% | 9.7% |
| Selected WACC | 8.6% | |