ABILENE, Texas, Oct. 29, 2014 /PRNewswire/ – First Financial Bankshares, Inc. (FFIN) announced a renovation of a existent batch repurchase devise to repurchase adult to 1,500,000 shares of a common stock, that represents approximately 2.3 percent of a Company’s superb shares, by Sep 30, 2017. The Board of Directors formerly certified a repurchase of adult to 750,000 shares of common batch for a three-year period.
The batch buyback devise authorizes government to repurchase a batch during such time and cost as repurchases are deliberate profitable to a Company and stockholders. Any repurchase of batch will be done by a open market, retard trades or in secretly negotiated exchange in suitability with germane laws and regulations. Under a repurchase plan, there is no smallest series of shares that a Company is compulsory to repurchase.
“First Financial continues to have one of a strongest material positions in a banking attention and we trust it is in a best seductiveness of a shareholders to have in place a batch repurchase devise for a apportionment of a shares during a right batch cost if that conditions arises,” pronounced F. Scott Dueser, Chairman, CEO and President of First Financial. “We also trust this repurchase devise demonstrates a joining and certainty in a destiny of First Financial.”
About First Financial Bankshares
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding association that operates 12 banking regions with 62 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Decatur, Eastland, Fort Worth, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Mauriceville, Merkel, Midlothian, Mineral Wells, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Trent, Trophy Club, Vidor, Waxahachie, Weatherford and Willow Park. The Company also operates First Financial Trust Asset Management Company, N.A., with 8 locations and First Technology Services, Inc., a record handling company.
The Company is listed on The NASDAQ Global Select Market underneath a trade pitch FFIN. For some-more information about First Financial Bankshares, greatfully revisit a website during http://www.ffin.com.
Certain statements contained herein might be deliberate “forward-looking statements” as tangible in a Private Securities Litigation Reform Act of 1995. These statements are formed on a faith of a Company’s management, as good as assumptions done over information now accessible to a Company’s management, and might be, though not indispensably are, identified by such difference as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”. Because such “forward-looking statements” are theme to risks and uncertainties, tangible formula might differ materially from those voiced or pragmatic by such forward-looking statements. Factors that could means tangible formula to differ materially from a Company’s expectations embody foe from other financial institutions and financial holding companies; a effects of and changes in trade, financial and mercantile policies and laws, including seductiveness rate policies of the Federal Reserve Board; changes in a direct for loans; fluctuations in value of material and loan reserves; inflation, seductiveness rate, marketplace and financial fluctuations; changes in consumer spending, borrowing and assets habits; and acquisitions and formation of acquired businesses, and identical variables. Other pivotal risks are described in a Company’s reports filed with a Securities and Exchange Commission, that might be performed underneath “Investor Relations-Documents/Filings” on a Company’s Web site or by essay or job a Company during 325.627.7155. Except as differently settled in this news announcement, a Company does not commence any requirement to refurbish publicly or correct any forward-looking statements since of new information, destiny events or otherwise.