BuybackJul 31, 2026, 09:34 AM
First Financial Bankshares Increases Share Buyback to 7.2M Shares
AI Summary
First Financial Bankshares, Inc. announced that its Board of Directors renewed and increased its share repurchase plan. The plan now authorizes the repurchase of up to 7.2 million common shares, an increase from the previous authorization of 5.0 million shares. The expiration date for the plan has been extended to July 31, 2027, allowing the company to repurchase shares when considered beneficial to stockholders.
Key Highlights
- Board of Directors renewed and increased the share repurchase plan.
- Authorization to acquire up to 7.2 million common shares.
- Increased from the previously authorized 5.0 million shares.
- Expiration date extended from July 31, 2026, to July 31, 2027.
- Repurchases may be made on the open market or in private transactions.
- Timing and number of shares are discretionary based on market conditions.
- CEO stated the plan reflects confidence in the company's outlook.
Price Impact
More from FFIN