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2013 FFIN Annual Meeting presentation
2013 Annual Shareholder Meeting
Senior Management at First Financial

                                            Years with Company   Years in Industry

      Scott Dueser
       Chairman of the Board, President &          37                  42
       Chief Executive Officer


      J. Bruce Hildebrand, CPA
       Executive Vice President                    10                  34
       Chief Financial Officer


      Gary L. Webb
       Executive Vice President                    10                  24
       Operations

      Gary S. Gragg
       Executive Vice President                    22                  34
       Credit Administration

      Marna Yerigan
       Executive Vice President                     2                  29
       Credit Administration

      Ron Butler
       Executive Vice President                    19                  31
       Chief Administrative Officer
Senior Management at First Financial
                                                     Years with Company   Years in Industry

      Michele Stevens
      Senior Vice President                                 37                  42
      Advertising and Marketing

      Courtney Jordan
       Senior Vice President                                10                  34
       Training

      Bob Goodner
       Senior Vice President & Compliance Officer           12                  35
       Compliance

      Luke Longhofer
       Senior Vice President & Loan Review Officer           3                  10
       Credit Administration

      Brandon Harris
       Senior Vice President                                 1                  15
       Appraisal Services

      Kirk Thaxton, CTFA
      President, First Financial Trust & Asset              26                  30
      Management
Experienced Regional CEOs & Presidents
                                              Years with Company   Years in Industry

     Marelyn Shedd, Abilene                         22                  30

     Mike Mauldin, Hereford                         10                  35

     Kirby Andrews, Sweetwater                      22                  25

     Trent Swearengin, Eastland                     13                  15

     Mike Boyd, San Angelo                          37                  41

     Tom O’Neil, Cleburne                           15                  33

     Matt Reynolds, Cleburne                         8                  31

     Ron Mullins, Stephenville                       7                  35

     Jay Gibbs, Weatherford                         11                  39

     Mark Jones, Southlake                          12                  35

     Ken Williamson, Mineral Wells                  11                  42

     Robert Pate, Huntsville                        16                  32

     Fred Wren, Huntsville                           1                  34

     Gary Tucker, First Technology Services         22                  38
2013 FFIN Annual Meeting presentation
Board of Directors
                                                   Years as Board              Committee
                                                      Member                  Appointment

                                                                            Executive / Audit
   Steven L. Beal
    Director and Former President and COO of             3                   Compensation
    Concho Resources Inc.                                           Nominating/Corporate Governance

                                                                        Lead Director / Executive
   Tucker S. Bridwell
    President, Mansefeldt Investment Corporation
                                                         6                 Audit / Nominating/
                                                                         Corporate Governance


   Joseph E. Canon                                                           Compensation
    Executive Director, Dodge Jones Foundation
                                                        17                 Asset and Liability


                                                                           Executive / Audit
   David Copeland
    President, SIPCO, Inc. and                          15          Nominating/Corporate Governance
    Shelton Family Foundation                                              Asset and Liability


   F. Scott Dueser
    Chairman of the Board, President and CEO
                                                        22                     Executive



   Murray Edwards                                                           Executive / Audit
    Principal, The Edwards Group                         7
                                                                    Nominating /Corporate Governance
Board of Directors
                                                    Years as Board              Committee
                                                       Member                  Appointment

                                                                                  Audit
    Ron Giddiens
                                                          3
      G&G Investments                                                       Asset and Liability


    Tim Lancaster
    President & CEO Hedrick Health System
                                                          -                  Proposed - Audit


    Kade L. Matthews
     Ranching and Investments
                                                         14                   Compensation


                                                                                Executive
    Johnny E. Trotter
      President and CEO Livestock Investors, Ltd.
                                                          9                   Compensation
                                                                     Nominating/Corporate Governance
2013 FFIN Annual Meeting presentation
Independent Public Auditors
2013 FFIN Annual Meeting presentation
Forward Looking Statement

  The numbers, as of and for the three months ended March 31, 2013, contained within this presentation
  are unaudited. 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 currently
  available to the Company’s management and, may be, but not necessarily are identified by such words
  as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”.    Because such “forward-looking
  statements” are subject to risks and uncertainties, actual results may differ materially from those
  expressed or implied by such forward-looking statements. Factors that could cause actual results to
  differ materially from the Company’s expectations include competition from other financial institutions
  and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and
  laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans;
  fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary
  fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and
  integration of acquired businesses, and similar variables.     Other key risks are described in the
  Company’s reports filed with the Securities and Exchange Commission, which may be obtained under
  “Investor Relations-Documents/Filings” on the Company’s web site or by writing or calling the Company
  at 325.627.7155. The Company does not undertake any obligation to update publicly or revise any
  forward-looking statements herein because of new information, future events or otherwise.
2012 Financial Review
Earnings
26th Consecutive Year of Increased Earnings

    FFIN Earnings                             (in millions)
                                                 $74.2
                                      $68.4

                              $59.7
              $53.1   $53.8
      $49.5




      2007    2008    2009    2010    2011        2012
Strong Shareholder Earnings

    Basic Earnings Per Share
                                               $2.36
                                       $2.17

                               $1.91
             $1.71    $1.72
     $1.59




      2007    2008    2009     2010    2011    2012
Working Harder and Smarter




Efficiency Ratio                                          (FFIN vs. Peers)

              2006     2007     2008     2009     2010     2011          2012

  First
Financial    53.57%   52.83%   50.76%   50.11%   49.49%   48.37%      48.14%


Peer Group   61.29%   63.12%   68.12%   69.53%   67.33%   65.57%      65.75%
Net Interest Margin

Quarterly Interest Margin
 5.00%

 4.75%

 4.50%

 4.25%

 4.00%

 3.75%

 3.50%

 3.25%

 3.00%
          3rd      4th      1st      2nd      3rd      4th      1st      2nd      3rd      4th      1st      2nd      3rd      4th
         Qtr. '09 Qtr. '09 Qtr. '10 Qtr. '10 Qtr. '10 Qtr. '10 Qtr. '11 Qtr. '11 Qtr. '11 Qtr. '11 Qtr. '12 Qtr. '12 Qtr. '12 Qtr. '12




                                                    First Financial               Peer Group
FFIN Outperforms Peers
    Percentage Return on Average Assets


                                             1.74%     1.72%    1.75%    1.78%    1.75%
    1.68%                           1.72%



            1.10%
                                                                                   0.98%
                                     0.87%
                                                                          0.79%
     First Financial
                       Peer Group




                                                                 0.24%
                                              -0.03%   -0.18%

              2006                   2007      2008     2009      2010     2011    2012
Strong Return on Capital

    Percentage Return on Average Equity

    16.20%
                                    15.87%
                                             15.27%
                                                                           14.44%
                                                       13.63%    13.74%              13.85%
     12.61%

                                     9.45%
                                                                                       8.72%
                                                                             7.27%
     First Financial
                       Peer Group




                                                                   0.88%
                                              -1.83%    -2.57%
            2006                      2007      2008     2009      2010      2011      2012
Capital Ratios

                                                 To be considered
                           12-31-12   03-31-13
                                                 well Capitalized

           Tier 1
                            10.60      10.69          > 5.00
       Leverage Ratio

         Tier 1 Risk
                            17.43      17.54          > 6.00
     Based Capital Ratio

         Risk Based
                            18.68      18.80         > 10.00
        Capital Ratio
Asset Performance

   Growth in Total Assets                        (in millions)

                                                     $4,500

                                        $4,121

                               $3,776


             $3,212   $3,279
    $3,070




     2007     2008     2009    2010     2011          2012
Loan Performance
               Growth in FFIN Total Loans                            (in millions)
                                                                         $2,089


Real Estate                                                  $1,787
                                                    $1,690
                         $1,528   $1,566   $1,514
Commercial      $1,373                                                    $1,238

                                                             $1,076
                                                    $990
Student                   $836    $855
                                            $860
                $760

Consumer

                                                                           $510
                          $394    $391              $429     $427
Agricultural    $344                        $406
                 $31       $32    $52
                $165      $182    $191      $175    $191     $218          $273
                 $73       $84    $77        $73     $81      $66           $68
                2006      2007    2008      2009    2010      2011         2012
Sound Lending Practices




Nonperforming assets as a percentage of loans + foreclosed assets     (FFIN vs. Peers)

                 2007          2008          2009          2010      2011           2012

  First
Financial       0.31%         0.80%         1.46%        1.53%      1.64%         1.22%


Peer Group      0.98%         2.63%         5.41%        5.37%      4.64%         3.70%
Deposit Growth

   Growth in FFIN Total Deposits                          (in millions)

                                                                $3,633
                                                 $3,335
                                      $3,113

                        $2,685
     $2,546   $2,583
                                                               $2,321
                                                 $2,233
                                      $2,154
              $1,786    $1,849
     $1,807



                                                               $1,312
     $739     $797       $836          $959      $1,102


     2007     2008       2009          2010        2011         2012
               Non Interest Bearing    Interest Bearing
1st Quarter 2013 Summary
1st Quarter Earnings

    FFIN Earnings                              (in millions)



                                       $17.8         $18.6
                               $16.3

     $13.2    $13.7    $13.7




      2008    2009     2010    2011    2012          2013
Account Growth



                   December    December    December 31,   March 31,
                    31, 2010    31, 2011       2012         2013
 Total Number of    200,027     204,063      205,282      206,421
    Accounts



    Net Growth in 2011 – 4,036 Accounts
    Net Growth in 2012 – 1,219 Accounts
    New Growth in 2013 – 1,139 Accounts
Shareholder Earnings – 1st Quarter

    Basic Earnings Per Share




                                               $0.59
                                       $0.56
                               $0.52
     $0.42    $0.44    $0.44




      2008    2009     2010    2011    2012    2013
2013 FFIN Annual Meeting presentation
Growth in Trust Assets

    Total Trust Assets – Book Value               (in millions)
                                                     $2,233

                                         $1,912
                                $1,783
                       $1,664
              $1,631
     $1,428




      2007     2008    2009     2010      2011         2012
Total Trust Fees

    Growth in FFTAM Fees                            (in thousands)

                                                     $14,464

                                          $12,671

                                $10,809
              $9,441   $9,083
     $8,746




      2007     2008     2009     2010      2011         2011
Revenue from Mineral Management

   Growth in Mineral Management          (in thousands)



                                            $2,167

                              $1,835



                  $1,159

      $745




      2009        2010            2011       2012
Net Trust Income

   Growth in FFTAM Income                       (in thousands)

                                                      $5,183


                                         $4,176

                                $3,254
              $2,810   $2,631
     $2,549




     2007     2008     2009     2010     2011          2012
Managed Equity Styles

   Equity Income

   Core Domestic

   Core Diversified

   Core World

   Strategic Growth
35
Net Trust Income – 1st Quarter

    Growth in FFTAM Income                 (in thousands)

                                                 $1,422

                                      $1,225

                             $1,015


     $737            $739
             $606




     2008    2009    2010     2011    2012        2013
Board of Directors – First Financial Trust & Asset Management

      Joe E. Canon, J.D.
        Executive Director, Dodge Jones Foundation

      David Copeland
       President, Shelton Family Foundation

      John L. Beckham
      Beckham Rector & Eargle, LLP

      F. Scott Dueser
       President, First Financial Bankshares, Inc.

      David F. Lupton
       President, Angelo Glass & Mirror Company, Inc.

      Bill Parham
        Boucher Morgan & Young CPAs

      Ronnie Cox
      Investments

      Sarah Campbell
      Portfolio Manager

      Kirk W. Thaxton
       Chairman of the Board, President & CEO, First Financial Trust & Asset Management
2013 FFIN Annual Meeting presentation
2013 FFIN Annual Meeting presentation
The More Things Change,
The More We Stay The Same
Customer Service First
Mobile Banking




                 42
Challenges
  Overwhelming number of unreasonable regulations
   from Washington
  Stagnant national economy

  Inept federal government

  Low interest rate environment

  Maintaining net interest margin

  Keep nonperforming assets to a minimum
Consolidation of Charters

    Regulatory compliance

    Technology complexities

    Cost Savings
Opportunities
   Loan Growth

   Mortgage Lending

   Trust Services

   Treasury Management

   Mobile Banking / Picture Pay

   Lower Efficiency Ratio

   Potential Acquisitions
Recent De Novo Growth
 Weatherford – I-20 Branch – Expected to Open 2nd Qtr. 2013
 San Angelo: HEB Branch – March 2013
 Waxahachie: Branch of Cleburne – December 2012
 Abilene: Antilley Road Branch – September 2012
 Grapevine: Branch of Southlake – March 2012
 Cisco: Branch of Eastland – September 2011
 Lamesa: Office of Trust Company – April 2011
 Odessa: Branch of Abilene – February 2010
 Fort Worth: Branch of Weatherford – February 2010
 Odessa: Office of Trust Company – April 2009
 Merkel: Branch of Sweetwater – July 2008
 Brock: Branch of Weatherford – March 2008
 Acton: Branch of Stephenville – March 2008
 Albany: Branch of Abilene – May 2007
 Fort Worth: Office of Trust Company – April 2007
Grapevine




            47
Antilley Road - Abilene




                          48
Waxahachie




             49
HEB – San Angelo
I-20 - Weatherford




                     51
Core Markets: West Central Texas
        Markets served benefiting from well-established,
         long- time customers
                                           ASSET                    DEPOSIT             MARKET
REGION                                               LOCATIONS
                                            SIZE*                MARKET SHARE**    SHARE RANK**

First Financial Bank                      $1,531 M      15           43%                     1
(Abilene, Clyde, Moran, Albany, Odessa)

First Financial Bank                      $166 M        1            43%                     1
(Hereford)

First Financial Bank                       $228M        4            58%                     1
(Eastland, Ranger, Rising Star, Cisco)

First Financial Bank                      $188 M        4            34%                     1
(Sweetwater, Roby, Trent, Merkel)

First Financial Bank                       $462M        3            19%                     2
(San Angelo)

TOTALS                                    $2,575M       27                        * Data as of 03-31-13
                                                                                  ** Data as of 06-30-12
Expansion Markets
                                                                                DEPOSIT MARKET     MARKET SHARE
REGION                                                ASSET SIZE*   LOCATIONS
                                                                                   SHARE**              RANK**

First Financial Bank                                   $344 M          6            22%                     1
(Cleburne, Burleson, Alvarado, Midlothian,
Waxahachie)

First Financial Bank                                   $355 M          4             7%                     5
 (Southlake, Trophy Club, Keller, Grapevine
                                                                       3            16%                     3
 Bridgeport, Decatur, Boyd)

First Financial Bank                                   $392 M          6            22%                     2
 (Stephenville, Granbury, Glen Rose, Acton)

First Financial Bank                                   $424 M          7            24%                     1
(Weatherford, Aledo, Willow Park, Brock, Ft. Worth)

First Financial Bank                                   $215 M          1            34%                     1
(Mineral Wells)

First Financial Bank                                   $177 M          1            20%                     2
(Huntsville)
                                                                                                 * Data as of 03-31-13
TOTALS                                                 $1,907          28                        ** Data as of 06-30-12
54
Orange Acquisition
  Definitive Agreement Signed - February 2013
  Orange, Jefferson and Newton Counties
        Approximately 350,000 Residents
        Strategically located on Interstate 10 – 100 miles east of Houston
        Three Major Shipping Ports for Energy and Petrochemical industries
        Large refineries, natural gas terminals and recent investment from large
         Fortune 500 Companies, such as Exxon Mobil, DuPont and Goodyear

  $443.8 million in Assets*
      $381.1 million in deposits
      $295.9 million in loans
  Approximately 1.3x book; 13x last twelve months earnings (tax effected)
  Orange acquisition is consistent with our acquisition model of high growth areas
   and along the Interstates
  Provides Diversification
  #1 Market Share in Orange County – 40%, more than twice the nearest competitor


                                                                            *As of Dec. 31, 2012
Stephen Lee – President Orange Savings Bank




                         56
Board of Directors – Orange Savings Bank



      Tommy Gunn
      City Attorney

      Paul Peveto
      CFO, Cloeren, Inc.

      Walter Riedel
       Executive Director, H.J. Lutcher Stark Foundation

      Ross Smith
        President & CEO, Akrotex
Orange




         58
Mauriceville




               59
Newton




         60
Vidor




        61
Port Arthur




              62
26th Consecutive Year of Increased Earnings

    FFIN Earnings                             (in millions)
                                                 $74.2
                                      $68.4

                              $59.7
              $53.1   $53.8
      $49.5




      2007    2008    2009    2010    2011        2012
2013 FFIN Annual Meeting presentation
Recognitions

 KBW Honor Roll – One of Forty-seven banks named – April 2013
 SNL Financial #11 Best Performing Community Bank ($500M -
  $5B) – March 2013
 Nifty 50: Bank Director Magazine - #5 – Based on Return on
  Equity / Average Tangible Equity – January 2013
 American Banker - #19 – Based on three year average Return on
  Equity – August 2012
 ABA Banking Journal - #13 – Top Performing mid-sized banks
  ($1B - $10B) – May 2012
Total Return on Investment
   Assume you owned 1,000 shares of FFIN stock on January 1, 2012…

     Stock cost in January 2012                         $33,430

     Dividend declared     ($0.99 x 1,000 shares)        $ 990

     Increase in stock price during 2012               $5,580
                                                      $2210,720
     ($39.01 from $33.43 X 1,000 shares)

     2012 return on investment                          19.65%

     2011 return on investment                           0.61%

     2010 return on investment                           -2.99%

     2009 return on investment                           0.69%

     2008 return on investment                          50.20%

     5 year compound average return                      9.55%
Strong Stock Performance

80.00%


60.00%


40.00%


20.00%


 0.00%


-20.00%


-40.00%


-60.00%   Jan . ‘07    Dec ‘07       Dec ‘08     Dec . ‘09     Dec. ‘10   Dec. ’11   Dec. ’12   Mar. ’13

                      FFIN       S&P 500       NASDAQ        Dow Jones
Dividends Per Share

   Annual Dividends Declared Per Share
                                                     $0.99
                                             $0.95
                     $0.89   $0.91   $0.91
             $0.84
     $0.79




     2006    2007    2008    2009    2010    2011    2012
Increase Cash Dividend


 Today $0.25 per share quarterly


 Increase cash divided to $0.26 per quarter – 4.0% increase


 Shareholders of record as of June 14, 2013


 Dividend payable July 1, 2013
2013 FFIN Annual Meeting presentation
www.ffin.com

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2013 FFIN Annual Meeting presentation

  • 3. Senior Management at First Financial Years with Company Years in Industry Scott Dueser Chairman of the Board, President & 37 42 Chief Executive Officer J. Bruce Hildebrand, CPA Executive Vice President 10 34 Chief Financial Officer Gary L. Webb Executive Vice President 10 24 Operations Gary S. Gragg Executive Vice President 22 34 Credit Administration Marna Yerigan Executive Vice President 2 29 Credit Administration Ron Butler Executive Vice President 19 31 Chief Administrative Officer
  • 4. Senior Management at First Financial Years with Company Years in Industry Michele Stevens Senior Vice President 37 42 Advertising and Marketing Courtney Jordan Senior Vice President 10 34 Training Bob Goodner Senior Vice President & Compliance Officer 12 35 Compliance Luke Longhofer Senior Vice President & Loan Review Officer 3 10 Credit Administration Brandon Harris Senior Vice President 1 15 Appraisal Services Kirk Thaxton, CTFA President, First Financial Trust & Asset 26 30 Management
  • 5. Experienced Regional CEOs & Presidents Years with Company Years in Industry Marelyn Shedd, Abilene 22 30 Mike Mauldin, Hereford 10 35 Kirby Andrews, Sweetwater 22 25 Trent Swearengin, Eastland 13 15 Mike Boyd, San Angelo 37 41 Tom O’Neil, Cleburne 15 33 Matt Reynolds, Cleburne 8 31 Ron Mullins, Stephenville 7 35 Jay Gibbs, Weatherford 11 39 Mark Jones, Southlake 12 35 Ken Williamson, Mineral Wells 11 42 Robert Pate, Huntsville 16 32 Fred Wren, Huntsville 1 34 Gary Tucker, First Technology Services 22 38
  • 7. Board of Directors Years as Board Committee Member Appointment Executive / Audit Steven L. Beal Director and Former President and COO of 3 Compensation Concho Resources Inc. Nominating/Corporate Governance Lead Director / Executive Tucker S. Bridwell President, Mansefeldt Investment Corporation 6 Audit / Nominating/ Corporate Governance Joseph E. Canon Compensation Executive Director, Dodge Jones Foundation 17 Asset and Liability Executive / Audit David Copeland President, SIPCO, Inc. and 15 Nominating/Corporate Governance Shelton Family Foundation Asset and Liability F. Scott Dueser Chairman of the Board, President and CEO 22 Executive Murray Edwards Executive / Audit Principal, The Edwards Group 7 Nominating /Corporate Governance
  • 8. Board of Directors Years as Board Committee Member Appointment Audit Ron Giddiens 3 G&G Investments Asset and Liability Tim Lancaster President & CEO Hedrick Health System - Proposed - Audit Kade L. Matthews Ranching and Investments 14 Compensation Executive Johnny E. Trotter President and CEO Livestock Investors, Ltd. 9 Compensation Nominating/Corporate Governance
  • 12. Forward Looking Statement The numbers, as of and for the three months ended March 31, 2013, contained within this presentation are unaudited. 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 currently available to the Company’s management and, may be, but not necessarily are identified by such words as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”. Because such “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company’s reports filed with the Securities and Exchange Commission, which may be obtained under “Investor Relations-Documents/Filings” on the Company’s web site or by writing or calling the Company at 325.627.7155. The Company does not undertake any obligation to update publicly or revise any forward-looking statements herein because of new information, future events or otherwise.
  • 15. 26th Consecutive Year of Increased Earnings FFIN Earnings (in millions) $74.2 $68.4 $59.7 $53.1 $53.8 $49.5 2007 2008 2009 2010 2011 2012
  • 16. Strong Shareholder Earnings Basic Earnings Per Share $2.36 $2.17 $1.91 $1.71 $1.72 $1.59 2007 2008 2009 2010 2011 2012
  • 17. Working Harder and Smarter Efficiency Ratio (FFIN vs. Peers) 2006 2007 2008 2009 2010 2011 2012 First Financial 53.57% 52.83% 50.76% 50.11% 49.49% 48.37% 48.14% Peer Group 61.29% 63.12% 68.12% 69.53% 67.33% 65.57% 65.75%
  • 18. Net Interest Margin Quarterly Interest Margin 5.00% 4.75% 4.50% 4.25% 4.00% 3.75% 3.50% 3.25% 3.00% 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th Qtr. '09 Qtr. '09 Qtr. '10 Qtr. '10 Qtr. '10 Qtr. '10 Qtr. '11 Qtr. '11 Qtr. '11 Qtr. '11 Qtr. '12 Qtr. '12 Qtr. '12 Qtr. '12 First Financial Peer Group
  • 19. FFIN Outperforms Peers Percentage Return on Average Assets 1.74% 1.72% 1.75% 1.78% 1.75% 1.68% 1.72% 1.10% 0.98% 0.87% 0.79% First Financial Peer Group 0.24% -0.03% -0.18% 2006 2007 2008 2009 2010 2011 2012
  • 20. Strong Return on Capital Percentage Return on Average Equity 16.20% 15.87% 15.27% 14.44% 13.63% 13.74% 13.85% 12.61% 9.45% 8.72% 7.27% First Financial Peer Group 0.88% -1.83% -2.57% 2006 2007 2008 2009 2010 2011 2012
  • 21. Capital Ratios To be considered 12-31-12 03-31-13 well Capitalized Tier 1 10.60 10.69 > 5.00 Leverage Ratio Tier 1 Risk 17.43 17.54 > 6.00 Based Capital Ratio Risk Based 18.68 18.80 > 10.00 Capital Ratio
  • 22. Asset Performance Growth in Total Assets (in millions) $4,500 $4,121 $3,776 $3,212 $3,279 $3,070 2007 2008 2009 2010 2011 2012
  • 23. Loan Performance Growth in FFIN Total Loans (in millions) $2,089 Real Estate $1,787 $1,690 $1,528 $1,566 $1,514 Commercial $1,373 $1,238 $1,076 $990 Student $836 $855 $860 $760 Consumer $510 $394 $391 $429 $427 Agricultural $344 $406 $31 $32 $52 $165 $182 $191 $175 $191 $218 $273 $73 $84 $77 $73 $81 $66 $68 2006 2007 2008 2009 2010 2011 2012
  • 24. Sound Lending Practices Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers) 2007 2008 2009 2010 2011 2012 First Financial 0.31% 0.80% 1.46% 1.53% 1.64% 1.22% Peer Group 0.98% 2.63% 5.41% 5.37% 4.64% 3.70%
  • 25. Deposit Growth Growth in FFIN Total Deposits (in millions) $3,633 $3,335 $3,113 $2,685 $2,546 $2,583 $2,321 $2,233 $2,154 $1,786 $1,849 $1,807 $1,312 $739 $797 $836 $959 $1,102 2007 2008 2009 2010 2011 2012 Non Interest Bearing Interest Bearing
  • 26. 1st Quarter 2013 Summary
  • 27. 1st Quarter Earnings FFIN Earnings (in millions) $17.8 $18.6 $16.3 $13.2 $13.7 $13.7 2008 2009 2010 2011 2012 2013
  • 28. Account Growth December December December 31, March 31, 31, 2010 31, 2011 2012 2013 Total Number of 200,027 204,063 205,282 206,421 Accounts Net Growth in 2011 – 4,036 Accounts Net Growth in 2012 – 1,219 Accounts New Growth in 2013 – 1,139 Accounts
  • 29. Shareholder Earnings – 1st Quarter Basic Earnings Per Share $0.59 $0.56 $0.52 $0.42 $0.44 $0.44 2008 2009 2010 2011 2012 2013
  • 31. Growth in Trust Assets Total Trust Assets – Book Value (in millions) $2,233 $1,912 $1,783 $1,664 $1,631 $1,428 2007 2008 2009 2010 2011 2012
  • 32. Total Trust Fees Growth in FFTAM Fees (in thousands) $14,464 $12,671 $10,809 $9,441 $9,083 $8,746 2007 2008 2009 2010 2011 2011
  • 33. Revenue from Mineral Management Growth in Mineral Management (in thousands) $2,167 $1,835 $1,159 $745 2009 2010 2011 2012
  • 34. Net Trust Income Growth in FFTAM Income (in thousands) $5,183 $4,176 $3,254 $2,810 $2,631 $2,549 2007 2008 2009 2010 2011 2012
  • 35. Managed Equity Styles Equity Income Core Domestic Core Diversified Core World Strategic Growth
  • 36. 35
  • 37. Net Trust Income – 1st Quarter Growth in FFTAM Income (in thousands) $1,422 $1,225 $1,015 $737 $739 $606 2008 2009 2010 2011 2012 2013
  • 38. Board of Directors – First Financial Trust & Asset Management Joe E. Canon, J.D. Executive Director, Dodge Jones Foundation David Copeland President, Shelton Family Foundation John L. Beckham Beckham Rector & Eargle, LLP F. Scott Dueser President, First Financial Bankshares, Inc. David F. Lupton President, Angelo Glass & Mirror Company, Inc. Bill Parham Boucher Morgan & Young CPAs Ronnie Cox Investments Sarah Campbell Portfolio Manager Kirk W. Thaxton Chairman of the Board, President & CEO, First Financial Trust & Asset Management
  • 41. The More Things Change, The More We Stay The Same
  • 44. Challenges  Overwhelming number of unreasonable regulations from Washington  Stagnant national economy  Inept federal government  Low interest rate environment  Maintaining net interest margin  Keep nonperforming assets to a minimum
  • 45. Consolidation of Charters  Regulatory compliance  Technology complexities  Cost Savings
  • 46. Opportunities  Loan Growth  Mortgage Lending  Trust Services  Treasury Management  Mobile Banking / Picture Pay  Lower Efficiency Ratio  Potential Acquisitions
  • 47. Recent De Novo Growth  Weatherford – I-20 Branch – Expected to Open 2nd Qtr. 2013  San Angelo: HEB Branch – March 2013  Waxahachie: Branch of Cleburne – December 2012  Abilene: Antilley Road Branch – September 2012  Grapevine: Branch of Southlake – March 2012  Cisco: Branch of Eastland – September 2011  Lamesa: Office of Trust Company – April 2011  Odessa: Branch of Abilene – February 2010  Fort Worth: Branch of Weatherford – February 2010  Odessa: Office of Trust Company – April 2009  Merkel: Branch of Sweetwater – July 2008  Brock: Branch of Weatherford – March 2008  Acton: Branch of Stephenville – March 2008  Albany: Branch of Abilene – May 2007  Fort Worth: Office of Trust Company – April 2007
  • 48. Grapevine 47
  • 49. Antilley Road - Abilene 48
  • 51. HEB – San Angelo
  • 53. Core Markets: West Central Texas  Markets served benefiting from well-established, long- time customers ASSET DEPOSIT MARKET REGION LOCATIONS SIZE* MARKET SHARE** SHARE RANK** First Financial Bank $1,531 M 15 43% 1 (Abilene, Clyde, Moran, Albany, Odessa) First Financial Bank $166 M 1 43% 1 (Hereford) First Financial Bank $228M 4 58% 1 (Eastland, Ranger, Rising Star, Cisco) First Financial Bank $188 M 4 34% 1 (Sweetwater, Roby, Trent, Merkel) First Financial Bank $462M 3 19% 2 (San Angelo) TOTALS $2,575M 27 * Data as of 03-31-13 ** Data as of 06-30-12
  • 54. Expansion Markets DEPOSIT MARKET MARKET SHARE REGION ASSET SIZE* LOCATIONS SHARE** RANK** First Financial Bank $344 M 6 22% 1 (Cleburne, Burleson, Alvarado, Midlothian, Waxahachie) First Financial Bank $355 M 4 7% 5 (Southlake, Trophy Club, Keller, Grapevine 3 16% 3 Bridgeport, Decatur, Boyd) First Financial Bank $392 M 6 22% 2 (Stephenville, Granbury, Glen Rose, Acton) First Financial Bank $424 M 7 24% 1 (Weatherford, Aledo, Willow Park, Brock, Ft. Worth) First Financial Bank $215 M 1 34% 1 (Mineral Wells) First Financial Bank $177 M 1 20% 2 (Huntsville) * Data as of 03-31-13 TOTALS $1,907 28 ** Data as of 06-30-12
  • 55. 54
  • 56. Orange Acquisition  Definitive Agreement Signed - February 2013  Orange, Jefferson and Newton Counties  Approximately 350,000 Residents  Strategically located on Interstate 10 – 100 miles east of Houston  Three Major Shipping Ports for Energy and Petrochemical industries  Large refineries, natural gas terminals and recent investment from large Fortune 500 Companies, such as Exxon Mobil, DuPont and Goodyear  $443.8 million in Assets*  $381.1 million in deposits  $295.9 million in loans  Approximately 1.3x book; 13x last twelve months earnings (tax effected)  Orange acquisition is consistent with our acquisition model of high growth areas and along the Interstates  Provides Diversification  #1 Market Share in Orange County – 40%, more than twice the nearest competitor *As of Dec. 31, 2012
  • 57. Stephen Lee – President Orange Savings Bank 56
  • 58. Board of Directors – Orange Savings Bank Tommy Gunn City Attorney Paul Peveto CFO, Cloeren, Inc. Walter Riedel Executive Director, H.J. Lutcher Stark Foundation Ross Smith President & CEO, Akrotex
  • 59. Orange 58
  • 61. Newton 60
  • 62. Vidor 61
  • 64. 26th Consecutive Year of Increased Earnings FFIN Earnings (in millions) $74.2 $68.4 $59.7 $53.1 $53.8 $49.5 2007 2008 2009 2010 2011 2012
  • 66. Recognitions  KBW Honor Roll – One of Forty-seven banks named – April 2013  SNL Financial #11 Best Performing Community Bank ($500M - $5B) – March 2013  Nifty 50: Bank Director Magazine - #5 – Based on Return on Equity / Average Tangible Equity – January 2013  American Banker - #19 – Based on three year average Return on Equity – August 2012  ABA Banking Journal - #13 – Top Performing mid-sized banks ($1B - $10B) – May 2012
  • 67. Total Return on Investment Assume you owned 1,000 shares of FFIN stock on January 1, 2012… Stock cost in January 2012 $33,430 Dividend declared ($0.99 x 1,000 shares) $ 990 Increase in stock price during 2012 $5,580 $2210,720 ($39.01 from $33.43 X 1,000 shares) 2012 return on investment 19.65% 2011 return on investment 0.61% 2010 return on investment -2.99% 2009 return on investment 0.69% 2008 return on investment 50.20% 5 year compound average return 9.55%
  • 68. Strong Stock Performance 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% Jan . ‘07 Dec ‘07 Dec ‘08 Dec . ‘09 Dec. ‘10 Dec. ’11 Dec. ’12 Mar. ’13 FFIN S&P 500 NASDAQ Dow Jones
  • 69. Dividends Per Share Annual Dividends Declared Per Share $0.99 $0.95 $0.89 $0.91 $0.91 $0.84 $0.79 2006 2007 2008 2009 2010 2011 2012
  • 70. Increase Cash Dividend  Today $0.25 per share quarterly  Increase cash divided to $0.26 per quarter – 4.0% increase  Shareholders of record as of June 14, 2013  Dividend payable July 1, 2013

Notes de l'éditeur

  1. Main focus should be on years in the industry – You have world-class talent.
  2. Main focus should be on years in the industry – You have world-class talent.