First Financial Bankshares, Inc. · NASDAQ:FFIN
First Financial Bankshares — Shareholder Meeting (April 2026)
98 slides from First Financial Bankshares's shareholder meeting presentation, Apr 30, 2026
Slide 1: First Financial Bankshares 2026 Annual Meeting
F RST FINANCIAL BANKSHARES , INC.” 2026 ANNUAL MEETING CELLENCE OM WITHIN
Slide 2: Scott Dueser, Executive Chairman of the Board
Scott Dueser Executive Chairman of the Board CELLENCE E WITHIN
Slide 3: Scott Dueser, Executive Chairman of the Board
Scott Dueser Executive Chairman of the Board At FFIN In Banking
Slide 4: David Bailey, President & CEO
David Bailey President & CEO At FFIN In Banking
Slide 5: Executive Management Team
Executive Management Team * / if Ron Butler Michelle Hickox Executive Vice President Executive Vice President Chief Administrative Officer Chief Financial Officer Vice Chairman 33 | 44 3 | 36 AtFFIN i AtFFIN In Banking neni
Slide 6: Executive Management Team
Executive Management Team Lon Biebighauser Tim Brown Brian Goodrich President Executive Vice President Executive Vice President First Financial Trust & Asset Management Chief Information Officer General Counsel 18 | 21 - | 37 2 | 26 AtFFIN In Banking AtFFIN In Banking AtFFIN In Banking
Slide 7: Executive Management Team
Executive Management Team Luke Longhofer Kyle McVey Executive Vice President Executive Vice President Chief Credit Officer Chief Financial Officer, Bank 16 | 23 15 | 17 AtFFIN In Banking AtFFIN In Banking
Slide 8: Executive Management Team
Executive Management Team Randy Roewe John Ruzicka Executive Vice President Executive Vice President Chief Risk Officer Chief Banking Operations Officer 11 | 36 7 | 47 AtFFIN In Banking AtFFIN In Banking
Slide 9: James Alexander, Chris Evatt, Rett Everett
James Alexander Chris Evatt Rett Everett Executive Vice President Senior Banking Executive Executive Vice President Commercial Banking Southern Regions Credit Administration 25 | 25 4/\2 AtFFIN In Banking AtFFIN In Banking AtFFIN In Banking
Slide 10: Javier Jurado, Keith Morton, Michael Parker
Javier Jurado Keith Morton Michael Parker Executive Vice President Executive Vice Presider Executive Vice President Chief Audit Executive Credit Administration Chief Compliance Officer 2 | 22 AtFFIN In Banking AtFFIN In Banking AtFFIN In Banking
Slide 11: Jeff Vorhees, Sarah Bacon, Eric Bonnell
Jeff Vorhees Sarah Bacon Eric Bonnell Executive Vice President Senior Vice President Senior Vice President Treasurer Chief Accounting Officer Enterprise Risk Management 8 | 11 | AtFFIN In Banking AtFFIN In Banking AtFFIN In Banking
Slide 12: Line of Business Executives
Line of Business Executives Frank Gioia Executive Vice President Customer Care Center James Hinton President First Financial Mortgage AtFFIN AtFFIN ae In the Industry In the Industry SZ, Josh Brown Executive Vice President Chief Human Resources Officer AtFFIN In the Industry
Slide 13: Line of Business Executives
Line of Business Executives Lori Hill Executive Vice President Retail Andrea Smiddy-Schlagel Executive Vice President Treasury Management AtFFIN In the Industry AtFFIN In the Industry Chris Schjetnan Executive Vice President Community Lending and Outreach ) AtFFIN In the Industry
Slide 14: Line of Business Executives
Line of Business Executives Dan Summerford weer ‘ Violet Watson Griggs Executive Vice President " Senior Vice President Middle Market Banking Advertising and Marketing AtFFIN In the Industry AtFFIN In the Industry Mike Wolverton Executive Vice President Consumer Lending T AtFFIN In the Industry
Slide 15: Line of Business Executives
Line of Business Executives Brandon Harris Gary Milliorn Senior Vice President Senior Vice President Appraisal Services Property Management AtFFIN In the Industry AtFFIN In the Industry
Slide 16: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents J Marelyn Shedd Abilene CEO Marshall Morris Abilene President At FFIN In Banking At FFIN In Banking | D
Slide 17: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Austin Bryan Bryan/College Station Nora Thompson Bryan/College Station President CEO & Chairman At FFIN In Banking At FFIN In Banking Bryan/College Station
Slide 18: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Marcus Morris e x : Austin Elsner Chisholm Trail | 1 > oy : Chisholm Trail CEO — President . 1 At FFIN In Banking Fs , At FFIN In Banking sholm Trail
Slide 19: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Justin Hooper ‘ = > ea _~—s Trent Swearengin 22133 eee | Wem (76 28 AtFFIN. | InBanking ee Pe a a AtFFIN | In Banking 7 = ae ai: / : Candi Kanady resident Eastlar 25 | 25 At FFIN In Banking Cross Timbers
Slide 20: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents f Rodney Nabors Greater Houston CEO AtFFIN | In Banking Greater Houston
Slide 21: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Southeast Texas
Slide 22: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents f Shelby Bruhn Southlake Chairman, President, & CEO At FFIN In Banking
Slide 23: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Robert de la Cruz Hereford Executive Vice President 23 23 eT a f >< a Rick Vaughan AtFFIN. | In Banking At FFIN In Banking Rodney Foster “ ; 2 32 water } bc 30 AtFFIN. | In Banking West Texas
Slide 24: CELLENCE
CELLENCE OM WITHIN
Slide 25: Independent Public Auditors
Independent Public Auditors EY suisins a better working world
Slide 26: CELLENCE
CELLENCE OM WITHIN
Slide 27: Corporate Board of Directors
CELLENCE & WITHIN Corporate Board of Directors
Slide 28: Corporate Board of Directors
Corporate Board of Directors Vianei Lopez Braun David L. Copeland Chief Development Officer President, SIPCO, Inc. and Shelton Decker Jones, P.C. Family Foundation Compensation arte 2020 | Nominating / Corporate Governance 1998 Nominating / Corporate Governance wold aa Year | Committee Appointment Y
Slide 29: Corporate Board of Directors
Corporate Board of Directors Sally Pope Davis Mike B. Denny Retired Goldman Sachs Managing President Director and Portfolio Manager Batjer and Associates, Inc. c =f Audit 2024 | Cee 2019 | Bank Directors’ Loan Committee Year Committee Appointments Year Committee Appointments
Slide 30: Corporate Board of Directors
Corporate Board of Directors F. Scott Dueser Murray H. Edwards Executive Chairman Principal First Financial Bankshares The Edwards Group Executive 1991 | Executive 2006 Bek Nominating / Corporate Governance Year | Bank Directors’ Loan Committee Committee Appointments Year Committee Appointments
Slide 31: Corporate Board of Directors
Corporate Board of Directors Geoff Haney Dr. Eli Jones Former CEO and Partner of Cape & Son Professor of Marketing, Lowry and Peggy Mays Eminent Scholar, Former Dean of Mays School of Business, Texas A&M University Audit Audit as | Bank Directors’ Loan Committee 2022 | Compensation Year Committee Ap
Slide 32: 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 Compensation 5 2013 Executive 1998 | Ce Nominating/Corporate Governance Bank Directors’ Loan Committee em Committee Appointments Year Committee Appointments
Slide 33: 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 | Risk Year Committee App
Slide 34: Corporate Board of Directors
Corporate Board of Directors Lota S. Zoth Former CFO, Medimmune, Inc. 2026 | Director Nominee Year | Committee Appointments
Slide 35: CELLENCE
CELLENCE OM WITHIN
Slide 36: 2025 Financial Review
CELLENCE & WITHIN 2025 Financial Review Michelle Hickox Chief Financial Officer
Slide 37: Forward Looking Statements
Forward Looking Statemen 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 curre
Slide 38: 2025 Financial Overview
CELLENCE & WITHIN 2025 Financial Overview
Slide 39: Strong Historical Earnings
Strong Historical Earnings FFIN Earnings (in millions) / Earnings Per Share $227.6 $234.5 $202.0 $199.0 1. $1.64 $142 gal 59 - - - ; 2020 2021 2022 2023 2024 2025
Slide 40: FFIN Outperforms Peers
FFIN Outperforms Peers Percentage Retum on Average Assets m Peer Group 1.98% 1.899 80% 1.76% 4.68% 1.76% 1.55% 1.26% 1.11% 1.07% 0. 7 ' 89% : 90% 2020 2021 2022 2023 2024 2025
Slide 41: Net Interest Margin
Net Interest Margin Quarterly NIM % First Financial m Peer Group 4.50% 4.25% 4.00% 3.75% 3.50% 3.25% 3.00% 2.75% 2.50% 2.25% Ast Qtr.'23 2nd Qtr. '23 3rd Qtr. '23 4th Qtr.'23 AstQtr.'24 2nd Qtr. '24 3rd Qtr. '24 4th Qtr.'24 AstQtr.'25 2nd Qtr.'25 3rd Qtr. '25 4th Qtr. '25
Slide 42: Working Harder and Smarter
Working Harder and Smarter Efficiency Ratio (FFIN vs. Peers) 45.49% 45.84% 42.77% 47.26% 47.23% 45.53% First Financial PeerGroup 61.85% 58.80% 57.36% 62.76% 62.96% 59.38%
Slide 43: Capital Ratios
Capital Ratios To meet Requirements Dec. 31, 2024 of BASEL II ee 12.06% 12.49% 12.55% > 4.00% Common Equity 9 5 5 , Tier’ Cantal Ratio 18450% 18.83% 19.99% > 7.00% Tier 1 Capital Ratio 48.50% 18.83% 19.99% > 8.50% Total Capital Ratio 19.62% 20.00% 21.17% > 10.50%
Slide 44: Total Asset Growth
Total Asset Growth (in millions) $15,446 $13,979 $13,102 $12,974 $13,106 2021 2022 2023 2024 2025
Slide 45: Total Deposit Growth
Total Deposit Growth (in millions) @ Interest-Bearing $12,099 a $10,566 $11,006 $11,138 . 9,945 $6,786 $6,944 $7,703 $ $3,780 $4,062 $3,435 $3,348 $3,401 2021 2022 2023 2024 2025
Slide 46: Total Loan Growth
Total Loan Growth (in millions) $7,921 $8,188 $7,163 $6,454 $5,427 2021 2022 2023 2024 2025
Slide 47: Sound Lending Practices
Sound Lending Practices J Nonperforming Assets as a Percentage of Loans Funded + Foreclosed Assets (FFIN vs. Peers) 0.83% 0.63% 0.38% 0.49% 0.80% 0.69% First Financial PeerGroup 0.97% 0.71% 0.59% 0.75% 1.05% 1.07%
Slide 48: 1st Quarter 2026 Financial Review
CELLENCE & WITHIN 1st Quarter 2026 Financial Review
Slide 49: 1st Quarter Earnings
1st Quarter Earnings FFIN Earnings (in millions) / Diluted Earnings Per Share $71.5 $61.3 $56.9 $56.0 $52.6 $53.4 $0.50 - - - - _ | 2021 2022 2023 2024 2025 2026
Slide 50: Total Asset Growth
Total Asset Growth (in millions) “As of March 31, 2026 $1 5 387* $13,979 $15,446 , $13,102 $12,974 $13,106 2021 2022 2023 2024 2025 2026
Slide 51: Total Deposit Growth
Total Deposit Growth (in millions) *As of March 31, 2026 i \s of March @ Interest-Bearing $13,346 $13,245* $12,009 $11,006 $11,138 $10,566 $6,786 $6,944 $7,703 $3,780 $4,062 $3,435 $3,348 $3,401 $3,386 $9,859 2021 2022 2023 2024 2025 2026
Slide 52: Total Loan Growth
Total Loan Growth (in millions) *As of March 31, 2026 $7,921 $8,188 $8,308* $7,163 $6,454 $5,427 2021 2022 2023 2024 2025 2026
Slide 53: Financial Review: First Financial Trust
CELLENCE & WITHIN 2025 Financial Review Lon Biebighauser, CTFA President, First Financial Trust
Slide 54: Growth in Trust Assets
Growth in Trust Assets Total Trust Assets — Book Value / Fair Value (in millions) m Fair Value $11,942 $10,834 $9,781 $8,699 $8,755 $8,788 $7,510 $6,927 $7,550 $8,115 $5,398 $5,880 2020 2021 2022 2023 2024 2025
Slide 55: Total Trust Fees
Total Trust Fees Growth in FFTAM Fees (in thousands) $51,861 $47,449 $39,995 $40,456 $36,145 $29,531 2020 2021 2022 2023 2024 2025
Slide 56: Revenue from Mineral Management
Revenue from Mineral Management (in thousands) $8,160 $7,380 $7,537 $6,226 $4,640 $2,776 2020 2021 2022 2023 2024 2025
Slide 57: Total Trust Net Income
Total Trust Net Income Growth in FFTAM Net Income (in thousands) $28,382 $25,724 $20,857 $21,624 $17,723 $14,471 2020 2021 2022 2023 2024 2025
Slide 58: Strong Returns
Strong Returns 2025 7 Year Average Strategic Growth 25.95% 18.61% Core 23.35% 17.42% Equity Income 17.55% 16.97%
Slide 59: Managed Equity Styles
Managed Equity Styles al ¢ Equity Income ¢ Core Domestic ° Core Diversified ° Core World * Strategic Growth
Slide 60: First Financial Trust
F RST FINANCIAL TRUST YOUR FUTURE FIRST
Slide 61: First Financial Trust Locations
First Financial Trust Locations wy @ Abilene Sweetwater Stephenville San Angelo Fen ‘ Fort Worth College Odessa Beaumont Houston (Kingwood) Bryan/College Station Odessa \ San Angelo
Slide 62: 04405 «606 «07, 08st «17 «18 2 23 24 25 26
04405 «606 «07, 08st 10 14 12 13 14 15 16 «17 «18 19 20 21 22 23 24 25 26
Slide 63: First Financial Trust
F RST FINANCIAL TRUST YOUR FUTURE FIRST
Slide 64: First Financial Wealth Management
F RST FINANCIAL WEALTH MANAGEMENT INVESTMENTS | TRUSTS | ESTATES | REAL ESTATE | OIL & GAS | RETIREMENT SERVICES
Slide 65: 2026 State of the Company
CELLENCE & WITHIN 2026 State of the Company David Bailey President & CEO
Slide 66: S&P Global 2025 Top Public Banks
2025 S&P GLOBAL TOP 50 PUBLIC BANKS F RST FINANCIAL BANK MEMBER FDIC
Slide 67: CELLENCE
CELLENCE OM WITHIN
Slide 68: January 2025
January 2025 Chris Schjetnan Executive Vice President Community Lending and Outreach
Slide 69: April 2025
April 2025 Jeff Vorhees Executive Vice President Treasurer First Financial Bankshares
Slide 70: James Hinton, President, First Financial Mortgage
James Hinton President First Financial Mortgage
Slide 71: July 2025
July 2025 Josh Brown Executive Vice President Chief Human Resources Officer
Slide 72: July 2025
July 2025 Frank Gioia Executive Vice President Customer Care Center
Slide 73: July 2025
July 2025 Kyle McVey Executive Vice President Chief Financial Officer First Financial Bank
Slide 74: R. Mark Davidovich
12025 R. Mark Davidovich Executive Vice President Fort Worth Trust Market t
Slide 75: October 2025
October 2025 Tim Brown Chief Information Officer First Technology Services, Inc.
Slide 76: October 2025
October 2025 John Ruzicka Executive Vice President Chief Banking Operations Officer
Slide 77: January 2026
January 2026 James Alexander Executive Vice President Head of Commercial Banking
Slide 78: January 2026
January 2026 Chris Evatt Senior Banking Executive
Slide 79: Rick Vaughan, West Texas Region CEO
CEO k Vaughan West Texas Region Ric
Slide 80: 2026
ant 2026 Luke Uherik Market President of San Angelo West Texas Region
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First Financial Bankshares — Shareholder Meeting (April 2026) on 6ix