#United States #stock repurchase #Abilene #FFIN #First Financial Bankshares

First Financial Bankshares Revives Stock Repurchase Initiative

On July 23, 2025, First Financial Bankshares, Inc. (NASDAQ: FFIN), acknowledged the renewal of its existing stock repurchase plan, echoing its commitment to maximizing shareholder value. This initiative is a strategic decision aimed at reinforcing the company’s robust standing in the financial market and reflects the board’s confidence in the company's future prospects.

Details of the Repurchase Plan

Under the renewed program, First Financial Bankshares is authorized to reacquire up to 5 million shares of its common stock, amounting to roughly 3.5% of the company’s total outstanding shares as of July 22, 2025. This buyback authorization will remain effective until July 31, 2026. The earlier repurchase plan was also set for a buyback of 5 million shares, which was scheduled to conclude on July 31, 2025.

The management team of First Financial Bankshares has the discretion to determine the timing and price for the repurchases based on what they deem advantageous for both the company and its shareholders. Although the plan outlines the possibility of buying back shares through various means—including open market transactions, private negotiations, or block trades—there is no mandatory minimum number of shares that must be repurchased.

Leadership Insight

F. Scott Dueser, the Chairman and CEO of First Financial Bankshares, expressed optimism regarding the bank's financial stability, stating, "First Financial continues to have one of the strongest capital positions in the banking industry, and we believe that having a stock repurchase plan is in the best interest of our shareholders, particularly when stock prices present a favorable opportunity." His comments highlight the company’s proactive approach to capital management and shareholder engagement.

About First Financial Bankshares, Inc.

Located in Abilene, Texas, First Financial Bankshares, Inc. is a prominent financial holding entity. Through its subsidiary, First Financial Bank, the company manages a vast network comprising 79 banking locations across Texas. This extensive reach includes cities like Fort Worth, Bryan, and College Station, among others, establishing a solid footprint in the regional banking landscape.

Furthermore, First Financial Bankshares also oversees First Financial Trust Asset Management Company and First Technology Services, Inc., evidencing its versatility in financial operations. The company is publicly traded on The NASDAQ Global Select Market under the symbol FFIN.

Future Outlook

As the company moves forward with its stock repurchase plan, it remains dedicated to maintaining a resilient financial structure while exploring opportunities for growth in a competitive marketplace. The confidence shown by its board and management suggests a strategic momentum focused on enhancing shareholder equity and sustaining long-term growth.

For more details about First Financial Bankshares and its operations, interested parties are encouraged to visit their official website at www.ffin.com.

This news reflects First Financial Bankshares' optimism and strategic planning aimed at ensuring continued investment in the company while adapting to market conditions, thereby promising a brighter outlook for both the financial institution and its investors.