First Financial raises dividend, elects new directors

ABILENE, Texas - First Financial Bankshares, Inc. (NASDAQ:FFIN) announced a dividend increase and the election of its Board of Directors at its 2025 Annual Shareholders’ Meeting. The company declared a $0.19 per share cash dividend for the second quarter, marking a 5.6 percent increase from previous dividends. Shareholders of record as of June 16, 2025, will receive the dividend on July 1, 2025. According to InvestingPro, the company has raised its dividend for 14 consecutive years, with a current yield of 2.15%.

During the meeting, shareholders elected thirteen directors to the Board. The new Board consists of individuals from diverse professional backgrounds, including law, finance, education, and business. Notably, April Anthony, CEO of VitalCaring Group, was recognized for her decade-long service as she retired from the Board.

Additionally, shareholders ratified Ernst & Young LLP as the company’s independent auditors and approved the executive compensation advisory vote.

Chairman and CEO F. Scott Dueser expressed gratitude for the shareholder support and the attendance at the annual meeting, which was available through a live webcast as well.

Based in Abilene, Texas, First Financial Bankshares, Inc. is a financial holding company. It operates through its subsidiary, First Financial Bank, across multiple banking regions with 79 locations in Texas. The company also manages a trust and asset management company and a technology operating firm.

The company, which trades under the symbol FFIN on the NASDAQ Global Select Market, cautions that certain statements in the press release may be forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from expectations.

This news article is based on a press release statement from First Financial Bankshares, Inc.

In other recent news, First Financial Bankshares reported its first quarter 2025 earnings, which exceeded analyst expectations, although revenue slightly missed projections. The company achieved an adjusted earnings per share of $0.43, surpassing the analyst consensus of $0.39. Revenue was reported at $149.02 million, just below the anticipated $149.48 million. First Financial’s net income rose to $61.35 million, up from $53.40 million in the same quarter last year, with net interest income increasing to $118.79 million from $100.24 million year-over-year. This growth was attributed to balance sheet expansion and an improved net interest margin, which grew to 3.74% from 3.34% in Q1 2024. The company recorded a provision for credit losses of $3.53 million, up from $808,000 in the same period last year, and saw an increase in nonperforming assets as a percentage of loans and foreclosed assets to 0.78% from 0.51% year-over-year. Total deposits and repurchase agreements reached $12.52 billion at the end of the quarter, marking a 12.10% annualized growth from the previous quarter. Additionally, First Financial’s efficiency ratio improved to 46.36% from 48.37% in Q1 2024.

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