FIRST FINANCIAL ANNOUNCES BOARD ELECTION AND INCREASED DIVIDEND AT ANNUAL MEETING

Rhea-AI Summary

First Financial Bankshares (NASDAQ: FFIN) announced key developments at its 2025 Annual Shareholders' Meeting. The company increased its quarterly cash dividend by 5.6% to $0.19 per share, payable July 1, 2025, to shareholders of record on June 16, 2025.

Shareholders elected thirteen directors to the board, including Chairman and CEO Scott Dueser, and representatives from diverse professional backgrounds spanning academia, healthcare, ranching, and business sectors. Notable board members include Sally Pope Davis, former Goldman Sachs Managing Director, and Eli Jones, Professor at Texas A&M University.

The meeting also marked the retirement of April Anthony from the board after 10 years of service. Shareholders approved two additional measures:

• Ratification of Ernst & Young as independent auditors
• Advisory vote on executive compensation

Positive

• Dividend increased by 5.6% to $0.19 per share for Q2 2025
• Strong shareholder engagement with high attendance at annual meeting both in-person and via webcast
• Board continuity maintained with 13 directors elected, bringing diverse expertise from finance, business, and academia

Negative

• None.

News Market Reaction

+0.87%

1 alert

+0.87% News Effect

On the day this news was published, FFIN gained 0.87%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ABILENE, Texas, April 29, 2025 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the 2025 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a $0.19 per share cash dividend for the second quarter, which represents a 5.6 percent increase and will be paid to shareholders of record on June 16, 2025, with payment set for July 1, 2025.

At the Annual Shareholders' Meeting, shareholders elected thirteen members to the Board of Directors. The elected directors are Vianei Lopez Braun, Attorney, Decker Jones, P.C., Fort Worth; David Copeland, President, SIPCO, Inc., and Shelton Family Foundation, Abilene; Sally Pope Davis, Retied Managing Director of Goldman Sachs, New York: Mike Denny, President of Batjer and Associates, Inc., Abilene; Scott Dueser, Chairman and CEO of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Goeff Haney, Dean of the Walter Johnson School of Business at McMurry University, Abilene; Eli Jones, Ph.D., Professor, Texas A&M University Mays School of Business, Montgomery; Tim Lancaster, former President and CEO of Hendrick Health System, Lubbock; Kade Matthews, ranching and investments, Clarendon; Robert Nickles, Jr., Executive Chairman of Alegacy Group, LLC, Houston; Blake Poutra, Managing Partner and Principal at Big Enrichment, Spring; and Johnny E. Trotter, President and CEO, Livestock Investors, Ltd., Hereford.

April Anthony, CEO of VitalCaring Group and Managing Partner, Anthony Family Investment Partners, LTD, Dallas, who retired from the board of directors after 10 years of service, was recognized for her leadership on the board.

In other business, shareholders ratified the Board's selection of Ernst & Young LLP as the Company's independent auditors and approved the advisory vote on compensation of named executive officers.

"We are pleased to announce this increase in our quarterly cash dividend and appreciate our shareholders for electing the Board of Directors, ratifying the Company's auditors and passing the proposal on executive compensation," said F. Scott Dueser, Chairman and CEO. "We were honored to have so many of our shareholders that attended the annual meeting both in person and via the live webcast," added Mr. Dueser.

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, Spring, Stephenville,  Sweetwater, Tomball, Trent,  Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park.  First Financial Bankshares, Inc., also operates First Financial Trust & Asset Management Company, with nine locations, and First Technology Services, Inc., a technology operating company.

First Financial Bankshares, Inc., is listed on The NASDAQ Global Select Market under the trading symbol FFIN.  For more information about First Financial Bankshares, Inc., please visit our website at http://www.ffin.com.

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 management of First Financial Bankshares, Inc. (the "Company"), 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" 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; 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/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.

View original content:https://www.prnewswire.com/news-releases/first-financial-announces-board-election-and-increased-dividend-at-annual-meeting-302441612.html

SOURCE First Financial Bankshares, Inc.

FAQ

What is First Financial's (FFIN) new dividend amount for Q2 2025?

First Financial (FFIN) declared a $0.19 per share cash dividend for Q2 2025, representing a 5.6% increase. The dividend will be paid on July 1, 2025, to shareholders of record as of June 16, 2025.

How many directors were elected to First Financial's (FFIN) board in 2025?

Thirteen directors were elected to First Financial's (FFIN) board at the 2025 Annual Shareholders' Meeting, including Chairman and CEO Scott Dueser and representatives from various business sectors.

When will FFIN pay its Q2 2025 dividend?

FFIN will pay its Q2 2025 dividend of $0.19 per share on July 1, 2025, to shareholders who are on record by June 16, 2025.

Who stepped down from First Financial's (FFIN) board in 2025?

April Anthony, CEO of VitalCaring Group and Managing Partner of Anthony Family Investment Partners, retired from FFIN's board after 10 years of service.

What key proposals were approved at FFIN's 2025 annual meeting?

Shareholders approved the selection of Ernst & Young LLP as independent auditors and passed the advisory vote on executive compensation at FFIN's 2025 annual meeting.