{"id":518432,"date":"2021-07-27T16:09:34","date_gmt":"2021-07-27T20:09:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/"},"modified":"2021-07-27T16:09:34","modified_gmt":"2021-07-27T20:09:34","slug":"first-financial-bankshares-announces-renewal-of-stock-repurchase-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/","title":{"rendered":"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">ABILENE, Texas<\/span>, <span class=\"xn-chron\">July 27, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240438-1&amp;h=2319744267&amp;u=http%3A%2F%2Fwww.ffin.com%2F&amp;a=First+Financial+Bankshares%2C+Inc.\" rel=\"nofollow noopener\">First Financial Bankshares, Inc.<\/a> (NASDAQ: FFIN) announced today the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company&#8217;s outstanding shares as of <span class=\"xn-chron\">July 27, 2021<\/span>, through <span class=\"xn-chron\">July 31, 2023<\/span>. The Board of Directors previously authorized the repurchase of up to 4,000,000 shares of common stock through <span class=\"xn-chron\">September 30, 2021<\/span>.<\/p>\n<p>The stock buyback plan authorizes management to repurchase the stock at such time and price as repurchases are considered beneficial to the Company and stockholders.\u00a0Any repurchase of stock will be made through the open market, block trades or in privately negotiated transactions in accordance with applicable laws and regulations.\u00a0Under the repurchase plan, there is no minimum number of shares that the Company is required to repurchase.<\/p>\n<p>&#8220;First Financial continues to have one of the strongest capital positions in the banking industry and we believe it is in the best interest of our shareholders to have in place a stock repurchase plan for a portion of our shares at the right stock price if that situation arises,&#8221; said F. <span class=\"xn-person\">Scott Dueser<\/span>, Chairman, CEO and President of First Financial. &#8220;We also believe this repurchase plan demonstrates our confidence in the future of First Financial.&#8221;<\/p>\n<p>\n        <b>About First Financial Bankshares, Inc.<\/b>\n      <\/p>\n<p>Headquartered in <span class=\"xn-location\">Abilene, Texas<\/span>, First Financial Bankshares is a financial holding company that through its wholly-owned subsidiary, First Financial Bank, N.A., operates multiple banking regions with 78 locations in <span class=\"xn-location\">Texas<\/span>, including <span class=\"xn-location\">Abilene<\/span>, <span class=\"xn-location\">Acton<\/span>, <span class=\"xn-location\">Albany<\/span>, <span class=\"xn-location\">Aledo<\/span>, <span class=\"xn-location\">Alvarado<\/span>, <span class=\"xn-location\">Beaumont<\/span>, <span class=\"xn-location\">Boyd<\/span>, <span class=\"xn-location\">Bridgeport<\/span>, <span class=\"xn-location\">Brock<\/span>, <span class=\"xn-location\">Bryan<\/span>, <span class=\"xn-location\">Burleson<\/span>, <span class=\"xn-location\">College Station<\/span>, Cisco, <span class=\"xn-location\">Cleburne<\/span>, <span class=\"xn-location\">Clyde<\/span>, <span class=\"xn-location\">Conroe<\/span>, Cut and Shoot, <span class=\"xn-location\">Decatur<\/span>, <span class=\"xn-location\">Eastland<\/span>, <span class=\"xn-location\">El Campo<\/span>, <span class=\"xn-location\">Fort Worth<\/span>, <span class=\"xn-location\">Fulshear<\/span>, <span class=\"xn-location\">Glen Rose<\/span>, <span class=\"xn-location\">Granbury<\/span>, <span class=\"xn-location\">Grapevine<\/span>, <span class=\"xn-location\">Hereford<\/span>, <span class=\"xn-location\">Huntsville<\/span>, <span class=\"xn-location\">Keller<\/span>, <span class=\"xn-location\">Kingwood<\/span>, <span class=\"xn-location\">Magnolia<\/span>, <span class=\"xn-location\">Mauriceville<\/span>, <span class=\"xn-location\">Merkel<\/span>, <span class=\"xn-location\">Midlothian<\/span>, <span class=\"xn-location\">Mineral Wells<\/span>, <span class=\"xn-location\">Montgomery<\/span>, <span class=\"xn-location\">Moran<\/span>, <span class=\"xn-location\">New Waverly<\/span>, <span class=\"xn-location\">Newton<\/span>, <span class=\"xn-location\">Odessa<\/span>, <span class=\"xn-location\">Orange<\/span>, <span class=\"xn-location\">Palacios<\/span>, <span class=\"xn-location\">Port Arthur<\/span>, <span class=\"xn-location\">Ranger<\/span>, <span class=\"xn-location\">Rising Star<\/span>, <span class=\"xn-location\">Roby<\/span>, <span class=\"xn-location\">San Angelo<\/span>, <span class=\"xn-location\">Southlake<\/span>, <span class=\"xn-location\">Stephenville<\/span>, <span class=\"xn-location\">Sweetwater<\/span>, <span class=\"xn-location\">Tomball<\/span>, <span class=\"xn-location\">Trent<\/span>, <span class=\"xn-location\">Trophy Club<\/span>, <span class=\"xn-location\">Vidor<\/span>, <span class=\"xn-location\">Waxahachie<\/span>, <span class=\"xn-location\">Weatherford<\/span>, <span class=\"xn-location\">Willis<\/span>, and <span class=\"xn-location\">Willow Park<\/span>. The Company also operates First Financial Trust &amp; Asset Management Company, N.A., with ten locations and First Technology Services, Inc., a technology operating company. <\/p>\n<p>The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN.\u00a0 For more information about First Financial, please visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240438-1&amp;h=3190654500&amp;u=http%3A%2F%2Fwww.ffin.com%2F&amp;a=http%3A%2F%2Fwww.ffin.com\" rel=\"nofollow noopener\">http:\/\/www.ffin.com<\/a>.<\/p>\n<p>Certain statements contained herein may be considered &#8220;forward-looking statements&#8221; as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company&#8217;s management, as well as assumptions made beyond information currently available to the Company&#8217;s management, and may be, but not necessarily are, identified by such words as &#8220;expect&#8221;, &#8220;plan&#8221;, &#8220;anticipate&#8221;, &#8220;target&#8221;, &#8220;forecast&#8221; and &#8220;goal&#8221;.\u00a0 Because such &#8220;forward-looking statements&#8221; are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.\u00a0 Factors that could cause actual results to differ materially from the Company&#8217;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\u00a0 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.\u00a0\u00a0 Other key risks are described in the Company&#8217;s reports filed with the Securities and Exchange Commission, which may be obtained under &#8220;Investor Relations-Documents\/Filings&#8221; on the Company&#8217;s Web site 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.<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA55763&amp;sd=2021-07-27\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan-301342354.html\">https:\/\/www.prnewswire.com\/news-releases\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan-301342354.html<\/a><\/p>\n<p>SOURCE  First Financial Bankshares, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA55763&amp;Transmission_Id=202107271605PR_NEWS_USPR_____DA55763&amp;DateId=20210727\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ABILENE, Texas, July 27, 2021 \/PRNewswire\/ &#8212;\u00a0First Financial Bankshares, Inc. (NASDAQ: FFIN) announced today the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company&#8217;s outstanding shares as of July 27, 2021, through July 31, 2023. The Board of Directors previously authorized the repurchase of up to 4,000,000 shares of common stock through September 30, 2021. The stock buyback plan authorizes management to repurchase the stock at such time and price as repurchases are considered beneficial to the Company and stockholders.\u00a0Any repurchase of stock will be made through the open market, block trades or in privately &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;First Financial Bankshares Announces Renewal Of Stock Repurchase Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-518432","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Financial Bankshares Announces Renewal Of Stock Repurchase Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ABILENE, Texas, July 27, 2021 \/PRNewswire\/ &#8212;\u00a0First Financial Bankshares, Inc. (NASDAQ: FFIN) announced today the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company&#8217;s outstanding shares as of July 27, 2021, through July 31, 2023. The Board of Directors previously authorized the repurchase of up to 4,000,000 shares of common stock through September 30, 2021. The stock buyback plan authorizes management to repurchase the stock at such time and price as repurchases are considered beneficial to the Company and stockholders.\u00a0Any repurchase of stock will be made through the open market, block trades or in privately &hellip; Continue reading &quot;First Financial Bankshares Announces Renewal Of Stock Repurchase Plan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-27T20:09:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA55763&amp;sd=2021-07-27\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan\",\"datePublished\":\"2021-07-27T20:09:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/\"},\"wordCount\":638,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA55763&amp;sd=2021-07-27\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\\\/\",\"name\":\"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/","og_locale":"en_US","og_type":"article","og_title":"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan - Market Newsdesk","og_description":"PR Newswire ABILENE, Texas, July 27, 2021 \/PRNewswire\/ &#8212;\u00a0First Financial Bankshares, Inc. (NASDAQ: FFIN) announced today the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the Company may repurchase up to 5,000,000 shares of its common stock, which represents approximately 3.5 percent of the Company&#8217;s outstanding shares as of July 27, 2021, through July 31, 2023. The Board of Directors previously authorized the repurchase of up to 4,000,000 shares of common stock through September 30, 2021. The stock buyback plan authorizes management to repurchase the stock at such time and price as repurchases are considered beneficial to the Company and stockholders.\u00a0Any repurchase of stock will be made through the open market, block trades or in privately &hellip; Continue reading \"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-27T20:09:34+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA55763&amp;sd=2021-07-27","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan","datePublished":"2021-07-27T20:09:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/"},"wordCount":638,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA55763&amp;sd=2021-07-27","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/first-financial-bankshares-announces-renewal-of-stock-repurchase-plan\/","name":"First Financial Bankshares Announces Renewal Of Stock Repurchase Plan - 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