secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST FINANCIAL BANKSHARES INC (FFIN)
CIK:        0000036029
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0000950170-23-000710
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36029/000095017023000710/0000950170-23-000710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36029/000095017023000710/ffin-20230106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000710

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer