First Financial Bankshares, Inc. · NASDAQ:FFIN
First Financial Bankshares — Shareholder Meeting (April 2025)
106 slides from First Financial Bankshares's shareholder meeting presentation, Apr 30, 2025
Slide 1: Continuing the Legacy
Ex Continuing the Legacy.
Slide 2: Scott Dueser
Scott Dueser Chairman of the Board and Chief Executive Officer At FFIN In Banking
Slide 3: David Bailey
David Bailey President At FFIN In Banking
Slide 4: Executive Management Team
Executive Management Team Ron Butler Michelle Hickox Executive Vice President Executive Vice President Chief Administrative Officer Chief Financial Officer Vice Chairman 32 | 43 2 | 35 AtFEIN. | In Banki AtFFIN In Banking neers
Slide 5: Executive Management Team
Executive Management Team Lon Biebighauser Brian Goodrich President Executive Vice President First Financial Trust & Asset Management General Counsel 17 | 20 a) At FFIN In Banking AtFFIN In Banking
Slide 6: Executive Management Team
Executive Management Team Luke Longhofer Kyle McVey Executive Vice President Executive Vice President Chief Credit Officer Chief Accounting Officer 15 | 22 14 | 16 At FFIN In Banking AtFFIN In Banking
Slide 7: Executive Management Team
Executive Management Team Randy Roewe John Ruzicka Executive Vice President Executive Vice President Chief Risk Officer Chief Information Officer 10 | 35 6 | 46 At FFIN In Banking AtFFIN In Banking
Slide 8: Executive Vice Presidents
Rett Everett Keith Morton Michael Parker Executive Vice President Executive Vice President Executive Vice President Credit Administration Credit Administration Chief Compliance Officer 1 | 21 At FFIN In Banking At FFIN In Banking At FFIN In Banking
Slide 9: Executive Vice Presidents
Javier Jurado Jeff Vorhees Eric Bonnell Executive Vice President Executive Vice President Senior Vice President Chief Audit Executive Treasurer Enterprise Risk Management - | 19 At FFIN In Banking At FFIN In Banking At FFIN In Banking
Slide 10: Line of Business Executives
Line of Business Executives Josh Brown Senior Vice President Human Resources 1 6 At FFIN In the Industry Brandon Harris Senior Vice President Appraisal Services AtFFIN Inthe Industry Frank Gioia Senior Vice President Customer Care Center Aas wi At FFIN In the Industry
Slide 11: Line of Business Executives
Line of Business Executives Lori Hill rs Gary Milliorn Executive Vice President C Vice President Retail IX Property Management At FFIN In the Industry AtFFIN Inthe Industry James Hinton President First Financial Mortgage At FFIN In the Industry
Slide 12: Line of Business Executives
Line of Business Executives Dan Summerford Executive Vice President Chris Schjetnan Executive Vice President Community Lending and Outreach Middle Market Banking 12 AY 1 SU At FFIN In the Industry AtFFIN Inthe Industry Andrea Smiddy-Schlagel Executive Vice President Treasury Management At FFIN In th
Slide 13: Line of Business Executives
Line of Business Executives Violet Watson Griggs Mike Wolverton Senior Vice President Advertising and Marketing Executive Vice President Consumer Lending AtFFIN | Inthe Industry At FFIN In Construction
Slide 14: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents ” Marshall Morris Abilene - President AL FFIN In Banking Marelyn Shedd Abilene - CEO At FFIN In Banking
Slide 15: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Nora Thompson Bryan/College Station CEO & Chairman ALFFIN In Barking Austin Bryan Bryan/College Station President red ALFFIN In Banking
Slide 16: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents %,. Austin Elsner Chisholm Trail President AL FFIN In Barking Marcus Morris Chisholm Trail CEO AL FFIN In Barking
Slide 17: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Justin Hooper Cross Timbers CEO 2" Trent Swearengin Cross Timbers President T4 AtFFIN. | In Banking } =e ) & &ft At FFIN In Barking
Slide 18: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Shelley Dacus Greater Houston CEO AL FFIN In Banking James Alexander Greater Houston President Er Chris Baughman Conroe President and CEO AL FFIN In Barking A Af Ts In Banking At FFIN
Slide 19: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents f Blaine Caillier Southeast Texas President & CEO ALFFIN In Banking
Slide 20: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents f Southlake ~ ~ Shelby Bruhn Southlake President, CEO, and Chairman
Slide 21: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Rodney Foster Sweetwater President AtFFIN. | In Banking Robert de la Cruz Hereford Executive Vice President Chris Evatt San Angelo Chairman & CEO AL FFIN In Banking AtFFIN. | InBanking
Slide 22: Continuing the Legacy
Continuing the Legacy.
Slide 23: Independent Public Auditors
Independent Public Auditors - EY Building a better working world
Slide 24: Continuing the Legacy
Continuing the Legacy.
Slide 25: Corporate Board of Directors
Corporate Board of Directors Vianei Lopez Braun Chief Development Officer Decker Jones, P.C. Compensation 2020 Nominating / Corporate Governance Risk Year | Committee Appointment David L. Copeland President, SIPCO, Inc. and Shelton Family Foundation Executive 1998 Audit Nominating / Corporate Govern
Slide 26: Corporate Board of Directors
Corporate Board of Directors Sally Pope Davis Mike B. Denny Bank Directors’ Loan Committee Retired Goldman Sachs Managing President Director and Portfolio Manager Batjer and Associates, Inc. 2024 | Risk 2019 | Ault Year | Committee Appointments Year | Committee Appointments
Slide 27: Corporate Board of Directors
Corporate Board of Directors F. Scott Dueser Murray H. Edwards Chairman of the Board and CEO Principal First Financial Bankshares The Edwards Group Executive 5 ti Risk 1991 TORO 2006 Nominating / Corporate Governance Bank Directors’ Loan Committee Year | Committee Appointments Year | Committee Appoi
Slide 28: Corporate Board of Directors
Corporate Board of Directors Geoff Haney Dean of the Walter Johnson School of Business, McMurry University Former CEO and Partner of Cape & Son 2025 | Director Nominee Year | Committee Appointments Dr. Eli Jones Professor of Marketing, Lowry and Peggy Mays Eminent Scholar, Former Dean of Mays School
Slide 29: Corporate Board of Directors
Corporate Board of Directors |. Tim Lancaster Kade L. Matthews Former President and CEO of Hendrick Health Systems Ranching and Investments Audit i Compensation Compensation 1998 | n 2013 Executive isk Nominating/Corporate Governance Year | Committee Appointments Year | Committee Appointments
Slide 30: Corporate Board of Directors
Corporate Board of Directors Robert C. Nickles, Jr. Executive Chairman Alegacy Group, LLC Executive Nominating / Corporate Governance Risk 2019 Year | Committee Appointments Blake Poutra Managing Partner and Principal at Big Enrichment Chief Executive Officer of Coennect 2025 | Director Nominee Year
Slide 31: Corporate Board of Directors
Corporate Board of Directors Johnny E. Trotter President and CEO Livestock Investors, Ltd. Executive 2003 Compensation Nominating / Corporate Governance Year | Committee Appointments
Slide 32: Slide 32
Slide 33: 2024 Financial Review
FIRST FINANCIAL BANKSHARES, INC.” 2024 Financial Review Michelle Hickox Chief Financial Officer
Slide 34: Forward Looking Statement
Forward Looking Statement 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 curr
Slide 35: 2024 Overview
FIRST FINANCIAL BANKSHARES, INC.” 2024 Overview
Slide 36: Strong Historical Earnings
Strong Historical Earnings FFIN Earnings (in millions) / Earnings Per Share $227.6 $234.5 $223.5 $202.0 $199.0 $164.8 $1.59 $1.64 $1.42 $1.39 $1.21 2019 2020 2021 2022 2023 2024
Slide 37: FFIN Outperforms Peers
FFIN Outperforms Peers Percentage Retum on Average Assets @ Peer Group 2.08% 1.98% 1.89% 1.76% 0, 155% 1.68% 7 0.89% 0.90% 2019 2020 2021 2022 2023 2024
Slide 38: Net Interest Margin
Net Interest Margin Quarterly NIM % First Financial Peer Group 4.50% 4.25% 4.00% 3.75% 3.50% 3.25% 3.00% 2.75% 2.50% 2.25% Ast Qtr.'22 2nd Qtr.'22 3rd Qtr.'22 4th Qtr. '22 1st Qtr.'23 IndQtr.'23 3rd Qtr.'23 4th Qtr.'23 1st Qtr.'24 Ind Qtr.'24 3rd Qtr. '24 4th Qtr. '24
Slide 39: Leaner and Smarter
der and Smarter Efficiency Ratio (FFIN vs. Peers) 48.61% 45.49% 45.84% 42.77% 47.26% 47.23% First Financial PeerGroup 59.91% 61.85% 58.80% 57.36% 62.76% 62.96%
Slide 40: Capital Ratios
Capital Ratios To meet Requirements Dec, 31, 2024 of BASEL Ill looreunine 10.96% 12.06% 12.49% > 4.00% Common Equity ° 5 ° 5 Tier 1 CapitalRato «18-22% 18.50% 18.83% > 7.00% Tier (Capital Ratio 48.22% 18.50% 18.83% > 8.50% Total Capital Ratio 19.29% 19.62% 20.00% > 10.50%
Slide 41: Total Asset Growth
Total Asset Growth (in millions) $13,102 $12,974 $13,106 $13,979 $10,905 2020 2021 2022 2023 2024
Slide 42: Total Deposit Growth
Total Deposit Growth (in millions) @ Interest-Bearing $10,566 $11,006 $11,138 $8,676 $6,786 $3,780 $4,062 $3,435 $3,348 $5,693 $2,983 2020 2021 2022 2023 2024
Slide 43: Total Loan Growth
Total Loan Growth (in millions) $7,921 $7,163 $6,454 $5,255 $5,427 2020 2021 2022 2023 2024
Slide 44: Sound Lending Practices
Sound Lending Practices J Nonperforming Assets as a Percentage of Loans Funded + Foreclosed Assets (FFIN vs. Peers) 0.61% 0.83% 0.63% 0.38% 0.49% 0.80% First Financial PeerGroup 0.78% 0.97% 0.71% 0.59% 0.75% 1.05%
Slide 45: 1st Quarter 2025 Financial Review
FIRST FINANCIAL BANKSHARES, INC.” 1st Quarter 2025 Financial Review
Slide 46: 1st Quarter Earnings
1st Quarter Earnings FFIN Earnings (in millions) | Diluted Earnings Per Share $61.3 $56.9 $96.0 $526 $53.4 0.43 $0.40 $0.39 $ $37.2 $0.37 $0.37 ; 7 7 - - 2020 2021 2022 2023 2024 2025
Slide 47: Total Asset Growth
Total Asset Growth (in millions) *As of March 31, 2025 $13,979 $14,312* $13,102 $12,974 $13,106 $10,905 2020 2021 2022 2023 2024 2025
Slide 48: Total Deposit Growth
Total Deposit Growth (in millions) *As of March 31, 2025 i 3 of March 31, @ Interest-Bearing $12,099 $12,467* $11,006 $11,138 $10,566 $8,676 $5,693 $6,944 $7,703 $9,110 $6,786 $2,983 $3,780 $4,062 $3,435 $3,348 $3,357 2020 2021 2022 2023 2024 2025
Slide 49: Total Loan Growth
Total Loan Growth (in millions) “PPP Loans as of period end $7,921 $7,960** $7,163 $6,454 $5,255 $5,427 $484" 2020 2021 2022 2023 2024 2025 “As of March 31, 2025
Slide 50: Continuing the Legacy
Cr ontinuing the Legacy.
Slide 51: First Financial Trust 2024 Review
FIRST FINANCIAL 2024 Review Lon Biebighauser, CTFA President First Financial Trust
Slide 52: Growth in Trust Assets
Growth in Trust Assets J Total Trust Assets - Book Value / Fair Value (in millions) m Fair Value $10,834 $9,781 $8,699 $8,755 a _ $6,927 $7,550 $8,115 $4,856 $5,398 ; $5,880 2019 2020 2021 2022 2023 2024
Slide 53: Total Trust Fees
Total Trust Fees Growth in FFTAM Fees (in thousands) $47,449 $39,995 $40,456 $36,145 $28,401 $29,531 2019 2020 2021 2022 2023 2024
Slide 54: Revenue from Mineral Management
Revenue from Mineral Management (in thousands) $8,160 $7,380 $6,226 $4,640 $3,749 $2,776 2019 2020 2021 2022 2023 2024
Slide 55: Total Trust Net Income
Total Trust Net Income Growth in FFTAM Net Income (in thousands) $25,724 $20,857 $21,624 $17,723 $13,892 $14,471 2019 2020 2021 2022 2023 2024
Slide 56: Strong Returns
Strong Returns 2024 7 Year Average Strategic Growth 34.77% 13.17% Core 22.62% 12.98% Equity Income 18.74% 14.01%
Slide 57: Managed Equity Styles
Managed Equity Styles a ¢ Equity Income * Core Domestic ¢ Core Diversified ¢ Core World * Strategic Growth
Slide 58: First Financial Trust
F RST FINANCIAL TRUST YOUR FUTURE FIRST
Slide 59: First Financial Trust Locations
First Financial Trust Locations @ Abilene Fort Worth “4 Sweetwater ‘oweetwater Stephenville Abilene Stephenville San Angelo : Fort Worth ryan/ College Odessa : Beaumont Houston (Kingwood) Bryan/College Station
Slide 60: Book Value of Trust Assets
Book Value of Trust Assets (in millions) $8,500 5 $8,000 | $7,500 | $7,000 | $6,500 | $6,000 | $5,500 + $5,000 | $4,500 | $4,000 | $3,500 | $3,000 | $2,500 + $2,000 | $1,500 | $1,000 £ 04 405 «#406 0) «©6070: «(08:)—=6(09 10 «11 «12 «13—C— 14 15 16 «617 «18 «19 «620 21 22 23 24 25
Slide 61: First Financial Trust
F RST FINANCIAL TRUST YOUR FUTURE FIRST
Slide 62: Slide 62
Slide 63: Forbes America's Best Banks 2025
Forbes AMERICA’S BEST BANKS [2025 |
Slide 64: #7 Bank in the Nation
#7 Bank in the Nation -sRsT FinANCIAL. BANC MEMBER FDIC S&P Global
Slide 65: Management Changes
Management Changes * pane 4 a é dye 8 = §. A ' os Ss Ct ontinuing the Legacy.
Slide 66: Ron Butler
Ron Butler Vice Chairman Chief Administrative Officer
Slide 67: David Bailey
David Bailey President First Financial Bankshares First Financial Bank
Slide 68: Lon Biebighauser
/ on Lon Biebighauser President First Financial Trust & Asset Management
Slide 69: Marelyn Shedd
Marelyn Shedd Chief Executive Officer Abilene Region
Slide 70: Marshall Morris
Marshall Morris President Abilene Region
Slide 71: Rodney Foster
Rodney Foster President West Texas Region
Slide 72: Brian Goodrich
Brian Goodrich Executive Vice President General Counsel
Slide 73: Dan Summerford
Dan Summerford Executive Vice President Middle Market Banking
Slide 74: Nora Thompson
Nora Thompson Board Chair and Chief Executive Officer Bryan/College Station Region
Slide 75: Austin Bryan
Austin Bryan President Bryan/College Station Region
Slide 76: Blaine Caillier
Blaine Caillier President and Chief Executive Officer Southeast Texas Region
Slide 77: Eric Bonnell
Eric Bonnell Senior Vice President Enterprise Risk Management
Slide 78: Lori Hill
Lori Hill Executive Vice President Retail
Slide 79: James Alexander
James Alexander President Greater Houston Region
Slide 80: Chris Schjetnan
J em) j | Ge Be Chris Schjetnan Executive Vice President Community Lending and Outreach
Slide 81: Continuing the Legacy
Slide 82: Management Changes: James Hinton
Slide 83: Continuing the Legacy
Slide 84: Management Changes: Jeff Vorhees
Slide 85: Continuing the Legacy
Slide 86: Board Changes: Sally Pope Davis
Slide 87: Continuing the Legacy
Slide 88: Board Changes: Geoff Haney
Slide 89: Board Changes: Blake Poutra
Slide 90: Board Changes - Retirement: April Anthony
Slide 91: Community & Neighborhood Engagement
Slide 92: Landmark at Abilene ribbon cutting
Slide 93: Annual Return Since 1973
Slide 94: Dividend Announcement
Slide 95: Continuing the Legacy
Slide 96: West Texas Region
Slide 97: Cross Timbers Region
Slide 98: Chisholm Trail Region
Slide 99: Greater Houston Region
Slide 100: Abilene, Bryan/College Station, Southeast Texas, Southlake
Slide 101: Diverse Footprint Across Texas
Slide 102: Bryan/College Station Opened April 2024
Slide 103: Treasury Management Department
Slide 104: Franklin – Branch of B/CS, Opening 2026
Slide 105: Beaumont – Branch of Southeast Texas, Opening 2026
Slide 106: Pine Motor Bank – Branch of Abilene, Opening 2026
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