First Financial renews stock repurchase plan up to 5M shares

First Financial Bankshares announced the renewal of its existing stock repurchase plan. Pursuant to the renewed plan, the company may repurchase up to 5M shares of its common stock, which represents approximately 3.5% of the company’s outstanding shares as of July 23, through July 31, 2025. The board previously authorized the repurchase of up to 5M shares of common stock through July 31, 2024. “First Financial continues to have one of the strongest capital positions in the banking industry and we believe it is in the best interest of our shareholders to have a stock repurchase plan in place to be able to execute when the price of our shares is attractive,” said F. Scott Dueser, CEO of First Financial. “The renewal of this share repurchase plan demonstrates our board’s confidence in the outlook of First Financial.”