FFIN 8-K
First Financial Bankshares Inc (FFIN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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ITEM 8.01 OTHER EVENTS
On July 28, 2026, the Board of Directors (the "Board") of First Financial Bankshares, Inc., a Texas corporation (the "Corporation"), renewed and increased the size of its share repurchase plan to repurchase common shares of the Corporation. Under the renewed plan, the Corporation extended the expiration date of the plan from July 31, 2026 to July 31, 2027 with authorization to acquire up to 7.2 million shares, an increase from the previously authorized up to 5.0 million shares. Share repurchases under the plan may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Corporation. The timing of purchases and the number of shares repurchased up to an aggregate amount of 7.2 million shares under the plan is dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, including non-objection from the Federal Reserve, and market conditions. The repurchase plan may be suspended or discontinued at any time without notice.
A copy of the press release announcing the amendment to the stock repurchase plan is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 Press Release dated July 30, 2026
104 Cover Page Interactive Data File (embedded within Inline XBRL document)
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.
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FIRST FINANCIAL BANKSHARES, INC. |
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(Registrant) |
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DATE: July 31, 2026 |
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/s/ David W. Bailey |
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David W. Bailey |
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President and Chief Executive Officer |
Exhibit 99.1
For immediate release |
For More Information: Michelle S. Hickox, EVP & Chief Financial Officer 325.627.7155
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FIRST FINANCIAL BANKSHARES ANNOUNCES 2026 SHARE REPURCHASE PLAN
ABILENE, Texas, July 30, 2026 – First Financial Bankshares, Inc. (NASDAQ: FFIN) (the "Company," "we," "us," or "our") has announced the renewal and increase in the size of its share repurchase plan through July 31, 2027. Pursuant to the renewed plan, the Company may repurchase up to 7,200,000 shares of its common stock, representing approximately 5 percent of the Company’s outstanding shares as of July 28, 2026. The Board of Directors previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2026.
The share repurchase plan authorizes management to repurchase shares at such time and price as repurchases are considered beneficial to the Company and its stockholders. Any repurchase of shares will be made through the open market, block trades, or in privately negotiated transactions in accordance with applicable laws and regulations. Under the repurchase plan, there is no minimum number of shares that the Company is required to repurchase.
“First Financial continues to maintain one of the strongest capital positions in the banking industry, and we believe having a share repurchase plan in place serves the best interests of our shareholders by allowing us to repurchase shares when we believe they are attractively priced,” said David Bailey, President and CEO of First Financial Bankshares, Inc. “The renewal of this plan reflects our board’s confidence in the Company’s outlook.”
About First Financial Bankshares, Inc.
Headquartered in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://www.ffin.com.
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Certain statements contained herein may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as “expect,” “plan,” “anticipate,” “target,” “forecast,” “project,” and “goal.” Because such “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; economic impact of oil and gas prices, changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company’s reports filed with the Securities and Exchange Commission, which may be obtained under “Investor Relations-Documents and Filings” on the Company’s Website or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.