The WACC of First Financial Bankshares Inc (FFIN) is 8.8%.
| Range | Selected | |
| Cost of equity | 7.70% - 10.60% | 9.15% |
| Tax rate | 16.60% - 16.70% | 16.65% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.5% - 10.1% | 8.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.83 | 1.01 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.70% | 10.60% |
| Tax rate | 16.60% | 16.70% |
| Debt/Equity ratio | 0.08 | 0.08 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.5% | 10.1% |
| Selected WACC | 8.8% | |