{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-094263","form_type":"8-K","ticker":"FFIN","cik":"0000036029","company_name":"FIRST FINANCIAL BANKSHARES INC","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.076941+00:00","generated_at":"2026-05-18T09:23:05.129031+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"First Financial Bankshares renews $50M credit line with Frost Bank, dividend covenant at 55%","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-094263","json":"https://secwatch.observer/filing/0000950170-25-094263.json","markdown":"https://secwatch.observer/filing/0000950170-25-094263.md","text":"https://secwatch.observer/filing/0000950170-25-094263.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36029/000095017025094263/0000950170-25-094263-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36029/000095017025094263/ffin-20250630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:23:05.129031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c351a235c315b245eca48a7781fc666fc1537e04","claim":"FIRST FINANCIAL BANKSHARES INC amended revolving credit of up to $50.0 million with Frost Bank at U.S. prime rate as quoted in the Money Rates section of The Wall Street Journal maturing June 30, 2027.","evidence_excerpt":"30, 2023 (as amended, the “Loan Agreement”) and Renewal Promissory Note (the \"Note\"). Under the Note as governed by the Loan Agreement, the Company is permitted to draw up to $50.0 million on a revolving line of credit. Prior to June 30, 2027, interest is paid quarterly at the U.S. prime rate as quoted in the Money Rates section of The Wall Street Journal , and the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/36029/000095017025094263/0000950170-25-094263-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $50.0 million"},{"label":"Counterparty","value":"Frost Bank"},{"label":"Rate","value":"U.S. prime rate as quoted in the Money Rates section of The Wall Street Journal"},{"label":"Maturity","value":"June 30, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}