FIRST FINANCIAL ANNOUNCES BOARD ELECTION AND INCREASED DIVIDEND AT ANNUAL MEETING

Rhea-AI Summary

First Financial (NASDAQ: FFIN) announced a $0.22 per share quarterly cash dividend for Q2, a 15.8% increase, payable July 1, 2026 to shareholders of record June 12, 2026. Shareholders elected thirteen directors at the April 28, 2026 annual meeting and ratified Ernst & Young as auditors.

The meeting included an advisory vote on executive compensation and a luncheon featuring industry speakers and recognitions.

Positive

• Dividend raised to $0.22 per share (+15.8%)
• Board election: 13 directors re/appointed
• Auditor ratified: Ernst & Young selected

Negative

• None.

News Market Reaction – FFIN

+0.77%

+0.77% Session close to close

In the Apr 28 session, FFIN gained 0.77%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ABILENE, Texas, April 28, 2026 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the 2026 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a $0.22 per share cash dividend for the second quarter, which represents a 15.8 percent increase and will be paid to shareholders of record on June 12, 2026, with payment set for July 1, 2026.

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, Retired Managing Director of Goldman Sachs, New York: Mike Denny, President of Batjer and Associates, Inc., Abilene; Scott Dueser, Executive Chairman of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Goeff Haney, former CEO & partner of Cape & Son, 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 Lota Zoth, former Chief Financial Officer of MedImmune, Inc., Abilene.

Johnny E. Trotter, President and CEO, Livestock Investors, Ltd., Hereford, who retired from the board of directors after 32 years of service, was recognized for his 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.

At the shareholder luncheon, Tom Michaud, President and CEO of Keefe, Bruyette & Woods delivered a presentation where he discussed the regional banking sector and provided insights into the Company's strong performance. Also at the luncheon, Horst Schulze, founder of The Ritz-Carlton Hotel Company and Capella Hotels and Resorts, was recognized for his extraordinary efforts and seven-year partnership in helping to elevate the Bank's customer service first program.

"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 David Bailey, President and CEO. "We appreciate so many of our shareholders that attended the annual meeting both in person and via the live webcast. Additionally, we were honored to have our close friends, Tom Michaud and Horst Schulze, in attendance to participate in the meeting and luncheon," added Mr. Bailey.

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-302756027.html

SOURCE First Financial Bankshares, Inc.

FAQ

What dividend did First Financial (FFIN) declare at the April 28, 2026 annual meeting?

The company declared a $0.22 per share quarterly cash dividend. According to First Financial, this represents a 15.8% increase and will be paid July 1, 2026 to holders of record as of June 12, 2026.

When will First Financial (FFIN) pay the Q2 2026 dividend and who is eligible?

Payment is scheduled for July 1, 2026, with a record date of June 12, 2026. According to First Financial, shareholders of record on the June 12 date will receive the $0.22 per share cash dividend on the July 1 payment date.

Who was elected to the First Financial (FFIN) board at the April 28, 2026 meeting?

Thirteen directors were elected, including Vianei Lopez Braun, David Copeland, Sally Pope Davis, and Scott Dueser. According to First Financial, the full board slate of thirteen members was approved by shareholders at the annual meeting.

Did First Financial (FFIN) change its independent auditor at the 2026 annual meeting?

Shareholders ratified Ernst & Young LLP as the company's independent auditors. According to First Financial, the board's selection of Ernst & Young was approved during the annual meeting's other-business votes.

What shareholder votes occurred at First Financial's (FFIN) April 28, 2026 meeting besides the dividend?

Shareholders voted to elect the board, ratify auditors, and approve an advisory vote on executive compensation. According to First Financial, all those proposals were presented and approved at the annual meeting held April 28, 2026.