First Financial Bankshares SEC Filings

First Financial Bankshares, Inc. (FFIN) reporting person Ronald D. Butler II, Chief Accounting Officer and director, reported equity award activity on 08/14/2025. The Form 4 shows acquisition of 3,458 restricted stock units (RSUs) granted on that date, disposal of 1,222 RSUs that were converted into 1,222 deferred stock units under the company SERP, and acquisition of 11,615 employee stock options with a $36.43 exercise price exercisable through 08/14/2035.

The reporting person beneficially owned 175,272 shares11,615 options6,249 deferred stock units

Lon A. Biebighauser, a Trust Company President and officer of First Financial Bankshares Inc. (FFIN), reported transactions dated 08/14/2025. He was granted 1,153 restricted stock units (RSUs) that vest in three approximately equal installments on each anniversary of the grant and carry a reported price of $0. After the grant his beneficial ownership of common stock is 10,523 shares (direct). On the same date he was also granted 3,872 employee stock options with an exercise price of $36.43, exercisable through 08/14/2035, and vesting 33.33% after one year, 66.66% after two years, and fully after three years. The Form 4 was signed on behalf of Mr. Biebighauser by Michelle S. Hickox as attorney-in-fact on 08/18/2025.

First Financial Bankshares (FFIN) reported solid Q2 2025 results. Net earnings rose 27% YoY to $66.7 million and diluted EPS climbed to $0.47 from $0.37. Six-month earnings reached $128.0 million (+21%).

Revenue mix. Net interest income increased 19.8% to $123.7 million as loan growth (+7.4% YoY to $8.1 billion) offset higher funding costs; interest expense on deposits was essentially flat at $48.7 million despite a larger balance sheet. Provision for credit losses fell to $3.1 million (vs. $5.9 million). Non-interest income added $32.9 million (+5%), led by trust fees and mortgage banking.

Operating costs. Non-interest expense rose 10% to $71.7 million, driven by compensation and software investments, pressuring the efficiency ratio.

Balance sheet strength. Total assets grew 9% YoY to $14.4 billion; deposits advanced 9% to $12.45 billion with a stable 28% non-interest-bearing mix. Shareholders’ equity increased to $1.74 billion as unrealized losses in the AFS portfolio narrowed by $68 million, improving accumulated OCI.

Capital & liquidity. Cash and equivalents remain ample at $708 million. Borrowings and repo funding declined $115 million quarter-to-date, underscoring stronger liquidity. The quarterly dividend was raised to $0.19 per share.

Key takeaways: FFIN delivered double-digit top- and bottom-line growth, sustained loan momentum and improving AOCI, partially offset by rising operating costs and lingering deposit cost pressure.

Form 4 highlights: On 07/29/2025, First Financial Bankshares (FFIN) Chief Risk Officer Randall Allen Roewe exercised employee stock options and acquired 1,684 common shares—1,588 shares at $29.70 and 96 shares at $29.53. No shares were sold.

Following the transactions, Roewe’s direct ownership rose to 33,119 shares. Remaining derivative holdings comprise 812 options at a $29.70 strike (exp. 06/26/2029) and 5,858 options at a $29.53 strike (exp. 08/16/2033).

Form 4 code “M” denotes option exercise; all resulting share acquisitions are classified “A” (acquired). No indirect ownership or Rule 10b5-1 plan is disclosed.

On 07/29/2025, First Financial Bankshares (FFIN) Chief Accounting Officer Ronald D. Butler II exercised 10,150 employee stock options at an exercise price of $16.95 (Form 4, Code M). The options, granted 10/27/2021 and expiring 10/27/2025, were converted into the same number of common shares; no shares were sold. Butler’s direct ownership increased to 171,814 FFIN shares, and he now holds zero derivative securities from this grant.

The transaction is an internal equity acquisition rather than a disposition, suggesting continued insider alignment with shareholders, but the size is modest relative to the company’s total share count and should have limited market impact.

First Financial Bankshares (FFIN) Form 4: President David W. Bailey exercised employee stock options on 07/24/2025, acquiring 2,000 common shares at an exercise price of $16.95 (transaction code “M”). After the exercise, his direct beneficial ownership stands at 15,672 shares. The underlying option—granted 10/27/2021 and expiring 10/27/2025—has been fully exercised, leaving Bailey with no remaining derivative securities. No shares were sold and no indirect holdings were reported.

Form 4 filing – First Financial Bankshares (FFIN). On 07/25/2025 director Murray Hamilton Edwards reported a Code J transaction (change in ownership form) involving 113,454 common shares previously held indirectly through Twenty-Three Oaks LP. For estate-planning purposes, he and his spouse transferred their general-partner interests to Rattlesnake Hill LLC, which is owned 100% by their children; consequently, Edwards no longer has any beneficial ownership over those shares and received $0 consideration.

Post-transaction holdings: 201,985 shares held directly; 42,134 shares held indirectly by a trust; 8,880 shares held by spouse; 19,480 shares in trusts disclaimed as beneficial ownership. Total reportable ownership therefore decreases by 113,454 shares but remains above 250 k when including direct and certain indirect positions.

The filing signals a reduction in insider alignment but appears driven by estate planning rather than market sentiment, limiting immediate trading impact.