AGŐćČ˹ٷ˝

STOCK TITAN

[8-K] First Financial Bankshares Inc Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
-
-
-
-
-
Positive
  • None.
Negative
  • None.

Insights

One-year extension of repurchase authority signals ongoing capital flexibility and shareholder-return focus; impact remains subject to market, regulatory and pricing conditions.

The filing discloses that the Board extended its common-stock repurchase plan’s expiry from 31 July 2025 to 31 July 2026 and kept an authorization cap of up to 5 million shares. Transactions may occur in the open market or privately, and continue to require Federal Reserve non-objection.

Why it matters: 1) A renewed mandate preserves management’s ability to absorb excess capital or offset dilution for another 12 months. 2) The ceiling�5 million shares—sets a hard limit investors can track against Form 10-Q share-count data. 3) Flexibility clauses (may suspend any time) leave execution risk, but that optionality is typical and does not weaken the underlying authorization.

Financial context: No dollar figure or share-count progress is included; therefore investors must reference future quarterly reports to gauge utilisation. However, continuation rather than expansion suggests the Board is comfortable sustaining current capital levels while returning cash when valuation and regulatory factors align.

Governance/Regulatory: Explicit reference to Federal Reserve non-objection underscores that banking regulators still gate capital actions, an important constraint for timing.

Overall, the renewal modestly improves shareholder optionality and communicates confidence in the balance-sheet position, but ultimate economic effect depends on actual purchases versus the 5 million-share limit.

-
-
-
-
-
0000036029false00000360292025-07-222025-07-22

 

 

 

UNITED STATES

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): July 22, 2025

 

 

First Financial Bankshares, Inc.

(Exact name of registrant as specified in its Charter)

 

 

Texas

0-07674

75-0944023

(State or other jurisdiction of

incorporation or organization)

(Commission
File No.)

(I.R.S. Employer

Identification No.)

 

 

400 Pine Street, Abilene, Texas 79601

 

 

(Address of Principal Executive Offices and Zip Code)

 

 

 

Registrant’s Telephone Number (325) 627-7155

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 203.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

 

Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13 e-4 (c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $0.01 par value

 

FFIN

 

The Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 


 

ITEM 8.01 OTHER EVENTS

 

On July 22, 2025, the Board of Directors (the "Board") of First Financial Bankshares, Inc., a Texas corporation (the "Corporation"), renewed its stock 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, 2025 to July 31, 2026 with authorization to acquire up to 5 million shares. Stock 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 5 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 23, 2025

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.

 

 

 

 

FIRST FINANCIAL BANKSHARES, INC.

 

 

(Registrant)

 

 

 

DATE: July 23, 2025

By:

/s/ F. Scott Dueser

 

 

F. SCOTT DUESER

 

 

Chairman and Chief Executive Officer

 

 

 

 

 


First Financial Bankshares

NASDAQ:FFIN

FFIN Rankings

FFIN Latest News

FFIN Latest SEC Filings

FFIN Stock Data

5.30B
137.57M
4.1%
76.97%
5.29%
Banks - Regional
State Commercial Banks
United States
ABILENE