First Financial Bankshares renews $50.0 million unsecured revolving credit line with Frost Bank
On June 30, 2025, First Financial Bankshares renewed its unsecured revolving line of credit with Frost Bank, allowing borrowing of up to $50.0 million. The line matures June 30, 2027, and the filing states there have been no borrowings under the loan agreement during 2025, 2024 or 2023, so the renewal is a routine financing arrangement rather than a new source of funds in use.
Key points
- Revolving line of credit of up to $50.0 million with Frost Bank, renewed June 30, 2025
- Line matures June 30, 2027; interest paid quarterly at the U.S. prime rate before that date
- Loan agreement includes covenants that cap dividends at 55% of consolidated net income; dividends were 42.02% of net income through the first quarter of 2025
- No borrowings under the loan agreement during 2025, 2024 or 2023
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.