---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032282"
form_type: "8-K"
ticker: "FFIN"
cik: "0000036029"
company_name: "FIRST FINANCIAL BANKSHARES INC"
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:21:11.965811+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# First Financial Bankshares renews $25M revolving credit facility with Frost Bank

## Summary
- Renewed $25M unsecured revolving line of credit from Frost Bank, maturing June 30, 2025.
- Interest at U.S. prime rate (Wall Street Journal); quarterly interest-only until June 30, 2025.
- If balance remains after June 30, 2025, converts to 5-year amortizing term loan maturing June 30, 2030.
- Covenants include dividend cap at 55% of net income, plus capital and profitability ratios.
- No borrowings under the facility in 2022 or 2023; facility unused.

## SEC filing metadata
- accession: 0000950170-23-032282
- form_type: 8-K
- ticker: FFIN
- cik: 0000036029
- company_name: FIRST FINANCIAL BANKSHARES INC
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36029/000095017023032282/0000950170-23-032282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36029/000095017023032282/ffin-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032282
- JSON: https://secwatch.observer/filing/0000950170-23-032282.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032282.txt

## Key facts
- Material Agreements
  FIRST FINANCIAL BANKSHARES INC amended Loan Agreement with Frost Bank valued at $25.0 million (effective 2023-06-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Frost Bank
  - Value: $25.0 million
  - Effective: 2023-06-30
  source text: On June 30, 2023, First Financial Bankshares, Inc. (the “Company”) renewed its promissory note (the "Note") and its loan agreement (the “Loan Agreement”) with Frost Bank. Under the Note as governed by the Loan Agreement, the Company is permitted to draw up to $25.0 million on a revolving line of credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36029/000095017023032282/0000950170-23-032282-index.htm

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