What is the size of the new repurchase authorization?

The Board authorized the repurchase of up to 7,200,000 shares of common stock through July 31, 2027, representing approximately 5% of outstanding shares as of July 28, 2026. This is an increase from the prior authorization of 5,000,000 shares.

What was the prior share repurchase authorization?

The Board previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2026. The new plan increases this authorization by 2.2 million shares and extends the duration by one year.

Is management required to execute any repurchases under this plan?

No. Under the plan, there is no minimum number of shares that the Company is required to repurchase. Management has full discretion to repurchase shares at times and prices considered beneficial to the Company and its stockholders.

What is the authorization period for this repurchase plan?

The renewed repurchase plan is authorized through July 31, 2027, extending the previous authorization that was set to expire on July 31, 2026.

FFIN 8-K Filed 2026-07-31 New authorization

First Financial Bankshares renews share repurchase plan, authorizes up to 7.2M shares

Board increases buyback authorization by 44% to 7.2M shares through July 2027, representing ~5% of shares outstanding.

Authorization (shares)7.2M

MechanismOpen market, block trades, or

What the filing says

First Financial Bankshares, Inc. (NASDAQ: FFIN) announced on July 30, 2026, the renewal and expansion of its share repurchase plan through July 31, 2027. The Board of Directors authorized the repurchase of up to 7,200,000 shares of common stock, representing approximately 5 percent of the Company's outstanding shares as of July 28, 2026. This authorization represents an increase from the prior plan, which authorized the repurchase of up to 5,000,000 shares through July 31, 2026.

Under the plan, management is authorized to repurchase shares at such times and prices deemed beneficial to the Company and its stockholders. Repurchases may be executed through open-market purchases, block trades, or privately negotiated transactions in accordance with applicable law and regulation. The plan contains no minimum repurchase requirement. CEO David Bailey stated that the renewal reflects the Company's strong capital position and the Board's confidence in the Company's outlook.

Pursuant to the renewed plan, the Company may repurchase up to 7,200,000 shares of its common stock, representing approximately 5 percent of the Company's outstanding shares as of July 28, 2026. The Board of Directors previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2026. — FIRST FINANCIAL BANKSHARES INC 8-K filing · View on SEC EDGAR →

What this means

First Financial's renewal and expansion of its buyback authorization to 7.2 million shares reflects a 44% increase from the prior 5 million-share authorization. At ~5% of outstanding shares, this authorization suggests a measured approach to capital return, consistent with management's stated view that the Company maintains one of the strongest capital positions in its peer group. The lack of a dollar-amount cap (only a share count) and discretionary execution framework indicate management retains full flexibility to time purchases based on market conditions and perceived valuation.

Frequently asked questions

What is the size of the new repurchase authorization?: The Board authorized the repurchase of up to 7,200,000 shares of common stock through July 31, 2027, representing approximately 5% of outstanding shares as of July 28, 2026. This is an increase from the prior authorization of 5,000,000 shares.
How will First Financial execute the repurchases?: The Company may repurchase shares through open-market purchases, block trades, or privately negotiated transactions in accordance with applicable laws and regulations. There is no minimum number of shares the Company is required to repurchase.
What was the prior share repurchase authorization?: The Board previously authorized the repurchase of up to 5,000,000 shares of common stock through July 31, 2026. The new plan increases this authorization by 2.2 million shares and extends the duration by one year.
Is management required to execute any repurchases under this plan?: No. Under the plan, there is no minimum number of shares that the Company is required to repurchase. Management has full discretion to repurchase shares at times and prices considered beneficial to the Company and its stockholders.
What is the authorization period for this repurchase plan?: The renewed repurchase plan is authorized through July 31, 2027, extending the previous authorization that was set to expire on July 31, 2026.

authorization banking-sector regional-bank share-count-based discretionary

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.