other
confidence high
sentiment positive
materiality 0.50
First Financial Bankshares renews stock repurchase plan; authorization increased to 5M shares
FIRST FINANCIAL BANKSHARES INC
- Board increased authorized repurchase from 4M to 5M common shares, ~3.5% of outstanding.
- Plan extended from Sept 30, 2021 to July 31, 2023.
- Repurchases may be made on open market or privately; no minimum share requirement.
- CEO cites strong capital position and confidence in future as rationale.