UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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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 23, 2024, 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, 2024 to July 31, 2025 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 26, 2024
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 29, 2024 |
By: |
/s/ F. Scott Dueser |
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F. SCOTT DUESER |
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Chairman, President and Chief Executive Officer |