This document summarizes the 2014 annual shareholder meeting of First Financial. It includes lists of senior management and their years of experience, as well as lists of board members and their committee appointments. It also provides an overview of First Financial's financial performance in 2013, including increased earnings, strong returns, growth in assets and loans, and capital ratios above regulatory minimums. The document concludes with a forward-looking statement and summaries of First Financial's performance in the first quarter of 2014.

2. 2014 Annual Shareholder Meeting

3. Years with Company Years in Industry
Scott Dueser
Chairman of the Board, President &
Chief Executive Officer
38 43
J. Bruce Hildebrand, CPA
Executive Vice President
Chief Financial Officer
11 35
Gary L. Webb
Executive Vice President
Operations
11 25
Gary S. Gragg
Executive Vice President
Credit Administration
23 35
Marna Yerigan
Executive Vice President
Credit Administration
3 30
Ron Butler
Executive Vice President
Chief Administrative Officer
21 32
Senior Management at First Financial
2

4. Years with Company Years in Industry
Michele Stevens
Senior Vice President
Advertising and Marketing
16 32
Courtney Jordan
Senior Vice President
Training
5 18
Bob Goodner
Senior Vice President & Compliance Officer
Compliance
12 35
Luke Longhofer
Senior Vice President & Loan Review Officer
Credit Administration
3 10
Brandon Harris
Senior Vice President
Appraisal Services
1 15
Kirk Thaxton, CTFA
President, First Financial Trust & Asset
Management
27 31
Senior Management at First Financial
3

5. Experienced Regional CEOs & Presidents
Years with Company Years in Industry
Marelyn Shedd, Abilene 23 31
Mike Mauldin, Hereford 11 36
Kirby Andrews, Sweetwater 23 26
Trent Swearengin, Eastland 14 16
Mike Boyd, San Angelo 38 42
Tom O’Neil, Cleburne 15 34
Matt Reynolds, Cleburne 9 32
Ron Mullins, Stephenville 8 35
Jay Gibbs, Weatherford 12 40
Mark Jones, Southlake 13 36
Ken Williamson, Mineral Wells 12 43
Robert Pate, Huntsville 16 33
Fred Wren, Huntsville 2 35
Stephen Lee, Southeast Region 7 21
Gary Tucker, First Technology Services 23 39
4

7. Board of Directors
Years as Board
Member
Committee
Appointment
Steven L. Beal
Director and Former President and COO of
Concho Resources Inc.
4
Executive
Compensation
Nominating/Corporate Governance
Tucker S. Bridwell
President, Mansefeldt Investment Corporation
7
Lead Director / Executive
Nominating /
Corporate Governance
David Copeland
President, SIPCO, Inc. and
Shelton Family Foundation
16
Executive / Audit
Nominating/Corporate Governance
F. Scott Dueser
Chairman of the Board, President and CEO
23 Executive
Murray Edwards
Principal, The Edwards Group 8
Executive / Audit
Nominating /Corporate Governance

8. Board of Directors
Years as Board
Member
Committee
Appointment
Ron Giddiens
G&G Investments
4 Audit
Tim Lancaster
President and CEO Hedrick Health System
1 Audit
Kade L. Matthews
Ranching and Investments
15 Compensation
Ross H. Smith, Jr.
Chairman and President Akrotex, Inc.
- Proposed - Compensation
Johnny E. Trotter
President and CEO Livestock Investors, Ltd.
10
Executive
Compensation
Nominating/Corporate Governance

10. Independent Public Auditors

12. Mr. Joe Canon
11

13. Mr. Ross Smith
12

15. Forward Looking Statement
The numbers, as of and for the three months ended March 31, 2014, 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.

16. 2013 Financial Review

17. Earnings

18. $53.1 $53.8
$59.7
$68.4
$74.2
$78.9
2008 2009 2010 2011 2012 2013
27th Consecutive Year of Increased Earnings
FFIN Earnings (in millions)

19. $1.71 $1.72
$1.91
$2.17
$2.36
$2.48
2008 2009 2010 2011 2012 2013
Strong Shareholder Earnings
Basic Earnings Per Share

20. 2007 2008 2009 2010 2011 2012 2013
First
Financial 52.83% 50.76% 50.11% 49.49% 48.37% 48.14% 50.19%
Peer Group 63.12% 68.12% 69.53% 67.33% 65.57% 65.77% 68.51%
Working Harder and Smarter
Efficiency Ratio (FFIN vs. Peers)

21. 3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
4th
Qtr. '10
1st
Qtr. '11
2nd
Qtr. '11
3rd
Qtr. '11
4th
Qtr. '11
1st
Qtr. '12
2nd
Qtr. '12
3rd
Qtr. '12
4th
Qtr. '12
1st
Qtr. '13
2nd
Qtr. '13
3rd
Qtr. '13
4th
Qtr. '13
1st
Qtr. '14
First Financial Peer Group
Net Interest Margin
Quarterly Interest Margin

22. 1.72% 1.74% 1.72% 1.75% 1.78% 1.75%
1.64%
0.87%
-0.03% -0.18% 0.24%
0.79%
0.98% 1.05%
2007 2008 2009 2010 2011 2012 2013
FFIN Outperforms Peers
Percentage Return on Average Assets
PeerGroup
FirstFinancial

23. 15.87%
15.27%
13.63% 13.74%
14.44%
13.85% 13.75%
9.45%
-1.83% -2.57%
0.88%
7.27%
8.56% 8.99%
2007 2008 2009 2010 2011 2012 2013
Strong Return on Capital
Percentage Return on Average Equity
PeerGroup
FirstFinancial

24. 12-31-13 03-31-14
To be considered
well Capitalized
Tier 1
Leverage Ratio
9.84 9.95 > 5.00
Tier 1 Risk
Based Capital Ratio
15.82 16.24 > 6.00
Risk Based
Capital Ratio
16.92 17.39 > 10.00
Capital Ratios

25. $3,212 $3,279
$3,776
$4,121
$4,500
$5,222
2008 2009 2010 2011 2012 2013
Growth in Total Assets
Asset Performance
(in millions)

26. $84 $77 $73 $81 $66 $68 $76
$182 $191 $175 $191 $218 $273 $334$32 $52 $0
$394 $391 $406 $429 $427
$510
$590
$836 $855 $860
$990 $1,076
$1,238
$1,689
2007 2008 2009 2010 2011 2012 2013
Real Estate
Commercial
Student
Consumer
Agricultural
Loan Performance
Growth in FFIN Total Loans (in millions)
$1,566 $1,514
$1,690
$1,787
$1,528
$2,689
$2,089

27. 2008 2009 2010 2011 2012 2013
First
Financial 0.80% 1.46% 1.53% 1.64% 1.22% 1.16%
Peer Group 2.63% 5.41% 5.37% 4.59% 3.67% 2.72%
Sound Lending Practices
Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers)

28. $797 $836 $959 $1,102 $1,312 $1,362
$1,786 $1,849
$2,154
$2,233
$2,321
$2,773
2008 2009 2010 2011 2012 2013
Non Interest Bearing Interest Bearing
Deposit Growth
Growth in FFIN Total Deposits (in millions)
$4,135
$2,583
$2,685
$3,113
$3,335
$3,633

29. 1st Quarter 2014 Summary

30. $13.7 $13.7
$16.3
$17.8
$18.6
$22.3
2009 2010 2011 2012 2013 2014
1st Quarter Earnings
(in millions)FFIN Earnings

31. Account Growth
Net New Growth in 2011 – 4,036 Accounts
Net New Growth in 2012 – 1,219 Accounts
Net New Growth in 2013 – 3,308 Accounts*
Net New Growth in 2014 – 2,600 Accounts

December
31, 2011
December
31, 2012
December 31,
2013*
March 31,
2014
Total Number of
Accounts
204,063 205,282 208,590 226,527
*(Excluding Orange Acquisition)

32. $0.44 $0.44
$0.52
$0.56
$0.59
$0.70
2009 2010 2011 2012 2013 2014
Shareholder Earnings – 1st Quarter
Basic Earnings Per Share

34. $1,631 $1,664
$1,784
$1,912
$2,232
$2,465
2008 2009 2010 2011 2012 2013
Growth in Trust Assets
Total Trust Assets – Book Value (in millions)

35. $9,441 $9,083
$10,808
$12,617
$14,464
$16,317
2008 2009 2010 2011 2012 2013
Total Trust Fees
Growth in FFTAM Fees (in thousands)

36. $745
$1,159
$1,835
$2,167
$2,648
2009 2010 2011 2012 2013
Growth in Mineral Management
Revenue from Mineral Management
(in thousands)

37. $2,810 $2,631
$3,254
$4,176
$5,183
$6,142
2008 2009 2010 2011 2012 2013
Growth in FFTAM Income
Net Trust Income
(in thousands)

38. Managed Equity Styles
Equity Income
Core Domestic
Core Diversified
Core World
Strategic Growth

40. 39

41. $606
$739
$1,015
$1,225
$1,422
$1,792
2009 2010 2011 2012 2013 2014
Growth in FFTAM Income
Net Trust Income – 1st Quarter
(in thousands)

45. $3,212 $3,279
$3,776
$4,121
$4,500
$5,222
2008 2009 2010 2011 2012 2013
Growth in Total Assets
Asset Performance
(in millions)

46. Challenges
Overwhelming number of unreasonable and ineffective
regulations from Washington
Inept federal government
Stagnant national economy
Low interest rate environment
Maintaining net interest margin
Keep nonperforming assets to a minimum

47. Opportunities
 Loan Growth
 Mortgage Lending
 Trust Services
 Treasury Management
 Mobile Banking
 Lower Efficiency Ratio
 Potential Acquisitions

48. Consolidation of Charters
Was very timely
Regulatory compliance
Technology complexities
Cost savings
Continue to operate as regions with local
management, advisory boards and decisions

49. Orange Acquisition – now Southeast Region
Effective May 31, 2013
5 locations in Orange, Jefferson and Newton Counties
41% market share in home market of Orange County
$443 million in Assets
$293 million in loans
$386 million in deposits
Excellent addition and provides diversification
Vibrant economy

50. Beaumont – 61st Branch
49

51. HEB – San Angelo

52. I-20 - Weatherford
51

53. Keller – Southlake – 1491 Keller Parkway
52

54. Roby – Remodeled in 2013
53

55. Ranger – Remodeled in 2014
54

56. Fort Worth – Forest Park Blvd. and Rosedale
55

57. Fort Worth – Forest Park Blvd. and Rosedale
56

58. 57

59. $53.1 $53.8
$59.7
$68.4
$74.2
$78.9
2008 2009 2010 2011 2012 2013
27th Consecutive Year of Increased Earnings
FFIN Earnings (in millions)

61. Stock cost in January 2013 $39,010
Dividend declared ($1.03 x 1,000 shares) $ 1,030
Increase in stock price during 2013
($66.11 from $39.01 X 1,000 shares)
$2210,720
2013 return on investment 72.11%
2012 return on investment 19.65%
2011 return on investment 0.61%
2010 return on investment -2.99%
2009 return on investment 0.69%
5 year compound average return 14.01%
Total Return on Investment
$27,100
Assume you owned 1,000 shares of FFIN stock on January 1, 2013…

62. Strong Stock Performance
-100.00%
-50.00%
0.00%
50.00%
100.00%
150.00%
FFIN S&P 500 NASDAQ Dow Jones
Jan . ‘07 Mar. ’14Dec . ‘09Dec ‘07 Dec ‘08 Dec. ‘10 Dec. ’11 Dec. ’12

63. Dividends Per Share
$0.84
$0.89 $0.91 $0.91
$0.95
$0.99 $1.03
2007 2008 2009 2010 2011 2012 2013
Annual Dividends Declared Per Share

64. Stock Split and Increased Cash Dividend
 Two-for-One Stock Split – 100% Stock Dividend
 Effective Shareholders of record as of May 15, 2014
 Distribution Date June 2, 2014
 Increase cash divided to $0.14 per quarter – 7.7% increase
 Shareholders of record as of June 16, 2014
 Dividend payable July 1, 2014

66. www.ffin.com