---
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"
generated_at: "2026-05-18T09:23:05.129031+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-094263
- JSON: https://secwatch.observer/filing/0000950170-25-094263.json
- Plain text: https://secwatch.observer/filing/0000950170-25-094263.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $50.0 million
  - Counterparty: Frost Bank
  - Rate: U.S. prime rate as quoted in the Money Rates section of The Wall Street Journal
  - Maturity: June 30, 2027
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/36029/000095017025094263/0000950170-25-094263-index.htm

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