Exhibit 99.1
| | | | |
For immediate release | | | | For More Information: |
| | | | James R. Gordon, Executive Vice President |
| | | | 325.627.7155 |
FIRST FINANCIAL ANNOUNCES BOARD ELECTION AND
INCREASED DIVIDEND AT ANNUAL MEETING
ABILENE, Texas, April 27, 2021 – First Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the 2021 Annual Shareholders’ Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a $0.15 per share cash dividend for the second quarter, which represents a 15.4 percent increase and will be paid to shareholders of record on June 16, 2021, with payment set for July 1, 2021.
Shareholders re-elected eleven existing members to the Board of Directors. The re-elected directors are April Anthony, CEO, Encompass Health—Home Health and Hospice, Dallas; Vianei Lopez Braun, Attorney, Decker Jones, P.C., Fort Worth; Tucker S. Bridwell, President of Mansfeldt Investment Corporation, Abilene; David Copeland, President, SIPCO, Inc., and Shelton Family Foundation, Abilene; Mike Denny, Owner/President of Batjer and Associates, Inc., Abilene; F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Tim Lancaster, retired 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 approved the advisory vote on compensation on named executive officers, approved the 2021 omnibus stock and incentive plans and ratified the Board’s selection of Ernst & Young LLP as the Company’s independent auditors.
“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,” said F. Scott Dueser, Chairman, President and CEO. “We are also grateful to our shareholders for the re-election of our directors and the passage of the three proposals.”
About First Financial Bankshares
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 78 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, Cisco, Cleburne, Clyde, College Station, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Spring, 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 ten locations and First Technology Services, Inc., a technology operating company.