FIRST FINANCIAL BANKSHARES ANNOUNCES 2026 SHARE REPURCHASE PLAN
Rhea-AI Summary
First Financial Bankshares (NASDAQ: FFIN) renewed and expanded its share repurchase plan, authorizing buybacks of up to 7,200,000 common shares through July 31, 2027, or about 5% of shares outstanding as of July 28, 2026. This replaces a prior authorization for up to 5,000,000 shares through July 31, 2026. Management may repurchase shares in the open market, via block trades, or privately negotiated transactions, with no minimum required amount, subject to applicable laws. According to First Financial Bankshares, the plan is intended to provide flexibility to repurchase shares when management views the stock as attractively priced and reflects the board’s confidence in the company’s outlook and capital position.
Positive
- Share repurchase authorization increased from 5,000,000 to 7,200,000 shares
- New buyback period extended through July 31, 2027
- Potential repurchases up to ~5% of shares outstanding as of July 28, 2026
Negative
- None.
Key Figures
Previous Buybacks Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 23 | Buyback renewal | Positive | -0.6% | Renewed authorization allowed up to 5,000,000 shares through July 31, 2026 |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The prior tag-matched buyback announcement was followed by a negative 24-hour reaction of -0.62%, diverging from the announcement's shareholder-return framing.
Key Terms
block trades financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The share repurchase plan authorizes management to repurchase shares at such time and price as repurchases are considered beneficial to the Company and its stockholders. Any repurchase of shares will be made through the open market, block trades, or in privately negotiated transactions in accordance with applicable laws and regulations. Under the repurchase plan, there is no minimum number of shares that the Company is required to repurchase.
"First Financial continues to maintain one of the strongest capital positions in the banking industry, and we believe having a share repurchase plan in place serves the best interests of our shareholders by allowing us to repurchase shares when we believe they are attractively priced," said David Bailey, President and CEO of First Financial Bankshares, Inc. "The renewal of this plan reflects our board's confidence in the Company's outlook."
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, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial, please visit our website at https://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 Company's management, 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," "project," 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; economic impact of oil and gas prices, 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 and 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.
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SOURCE First Financial Bankshares, Inc.