ABILENE,
Texas, April 25, 2023 /PRNewswire/ -- First
Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the
2023 Annual Shareholders' Meeting, the Board of Directors of First
Financial Bankshares, Inc. today declared a $0.18 per share cash dividend for the second
quarter, which represents a 5.9 percent increase and will be paid
to shareholders of record on June 15,
2023, with payment set for July 3,
2023.
Shareholders elected eleven existing members to the Board of
Directors. The elected directors are April
Anthony, CEO of VitalCaring Group and Managing Partner,
Anthony Family Investment Partners, LTD, Dallas; Vianei Lopez
Braun, Attorney, Decker Jones, P.C., Fort Worth; David
Copeland, President, SIPCO, Inc., and Shelton Family
Foundation, Abilene; Mike Denny, President of Batjer and Associates,
Inc., Abilene; Scott Dueser, Chairman, President and CEO of
First Financial Bankshares, Abilene; Murray
Edwards, Principal, The Edwards Group, Clyde; Eli
Jones, Ph.D., Professor, Texas A&M
University Mays School of Business, Bryan/College Station; Tim Lancaster, former President and CEO of
Hendrick Health System, Lubbock;
Kade Matthews, ranching and
investments, Amarillo;
Robert Nickles, Jr., Executive
Chairman of Alegacy Group, LLC, Houston; and Johnny E.
Trotter, President and CEO, Livestock Investors, Ltd.,
Hereford.
In other business, shareholders ratified the Board's selection
of Ernst & Young LLP as the Company's independent auditors and
approved the advisory vote on compensation of named executive
officers. Additionally, shareholders selected the frequency of the
"say-on-pay" advisory vote on executive compensation on an annual
basis instead of every two or three years.
"We are pleased to announce this increase in our quarterly cash
dividend for our shareholders. We are also pleased that our
shareholders reelected the Board of Directors, ratified the
Company's auditors, passed the proposal on executive compensation
and selected annual as the frequency on say-on-pay," said F.
Scott Dueser, Chairman, President
and CEO. "Due to our strong capital position and historical
increases in earnings, we are pleased to announce the increase in
our quarterly cash dividend for our shareholders," added Mr.
Dueser.
About First Financial Bankshares,
Inc.
Headquartered in Abilene,
Texas, First Financial Bankshares, Inc. is a financial
holding company that through its subsidiary, First Financial Bank,
N.A., operates multiple banking regions with 79 locations in
Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan,
Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El
Campo, Fort Worth,
Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Lumberton, Magnolia, Mauriceville, Merkel, Midlothian, Mineral
Wells, Montgomery,
Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port
Arthur, Ranger,
Rising Star, Roby, San
Angelo, Southlake,
Stephenville, Sweetwater, Tomball, Trent, Trophy
Club, Vidor, Waxahachie, Weatherford, Willis, and Willow
Park. The Company also operates First Financial Trust &
Asset Management Company, N.A., with nine locations and First
Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under
the trading symbol FFIN. For more information about First
Financial, please visit our website at https://www.ffin.com.
Certain statements contained herein may be considered
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based upon the
belief of the Company's management, as well as assumptions made
beyond information currently available to the Company's management,
and may be, but not necessarily are, identified by such words as
"expect," "plan," "anticipate," "target," "forecast," "project,"
and "goal." Because such "forward-looking statements" are subject
to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from
the Company's expectations include competition from other financial
institutions and financial holding companies; the effects of and
changes in trade, monetary and fiscal policies and laws, including
interest rate policies of the Federal Reserve Board; economic
impact of oil and gas prices and the pandemic, changes in the
demand for loans; fluctuations in value of collateral and loan
reserves; inflation, interest rate, market and monetary
fluctuations; changes in consumer spending, borrowing and savings
habits; and acquisitions and integration of acquired
businesses, and similar variables. Other key risks are
described in the Company's reports filed with the Securities and
Exchange Commission, which may be obtained under "Investor
Relations-Documents and Filings" on the Company's Website or by
writing or calling the Company at 325.627.7155. Except as otherwise
stated in this news announcement, the Company does not undertake
any obligation to update publicly or revise any forward-looking
statements because of new information, future events or
otherwise.
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SOURCE First Financial Bankshares, Inc.