---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000710"
form_type: "8-K"
ticker: "FFIN"
cik: "0000036029"
company_name: "FIRST FINANCIAL BANKSHARES INC"
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:15:40.218630+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# First Financial amends loan agreement; adds 8.5% Tier 1 leverage ratio, removes tangible net worth covenant

## Summary
- Fifth Amendment to $25M loan agreement with Frost Bank, effective Jan 6, 2023.
- Replaced Capital Ratio covenant with a Tier 1 Leverage Ratio minimum of 8.5%.
- Removed the $400M Tangible Net Worth covenant from the original agreement.
- No changes to principal amount, interest rate, or maturity of the loan.
- Amendment reflects updated regulatory capital metrics for the borrowing entity.

## SEC filing metadata
- accession: 0000950170-23-000710
- form_type: 8-K
- ticker: FFIN
- cik: 0000036029
- company_name: FIRST FINANCIAL BANKSHARES INC
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36029/000095017023000710/0000950170-23-000710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36029/000095017023000710/ffin-20230106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000710
- JSON: https://secwatch.observer/filing/0000950170-23-000710.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000710.txt

## Key facts
- Material Agreements
  FIRST FINANCIAL BANKSHARES INC amended Fifth Amendment with Frost Bank (effective 2023-01-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Frost Bank
  - Effective: 2023-01-06
  source text: On January 6, 2023, First Financial Bankshares, Inc. (the “Company”) entered into a Fifth Amendment (the “Amendment”) to its Loan Agreement (the “Loan Agreement”) with Frost Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36029/000095017023000710/0000950170-23-000710-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.