First Financial Bankshares renews $50M credit line with Frost Bank, dividend covenant at 55%

FIRST FINANCIAL BANKSHARES INC

Increased revolving credit line to $50M from $25M; matures June 30, 2027.
No borrowings in 2023-2025; credit line remains undrawn.
Interest at WSJ prime rate; converts to 5-year term loan if balance remains at maturity.
Dividend payments restricted to ≤55% of consolidated net income; historical payout range 36%-53%.

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