First Financial Bankshares, Inc. · NASDAQ:FFIN
First Financial Bankshares — Shareholder Meeting (2026)
98 slides from First Financial Bankshares's shareholder meeting presentation, Aug 6, 2026
Slide 1: 2026 Annual Meeting
F RST FINANCIAL BANKSHARES, INC.” 2026 ANNUAL MEETING CELLENCE OM WITHIN
Slide 2: Scott Dueser
Scott Dueser Executive Chairman of the Board
Slide 3: Executive Management Team: Scott Dueser
Executive Management Team Scott Dueser Executive Chairman of the Board 50 55 At FFIN In Banking
Slide 4: Executive Management Team: David Bailey
Executive Management Team David Bailey President & CEO 23 23 At FFIN In Banking
Slide 5: Executive Management Team
Executive Management Team Ron Butler Michelle Hickox Executive Vice President Executive Vice President Chief Administrative Officer Chief Financial Officer Vice Chairman 33 44 3 36 At FFIN In Banking At FFIN In Banking
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 At FFIN In Banking - At FFIN 37 2 26 At FFIN In Banking 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 At FFIN In Banking 15 17 At FFIN 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 At FFIN In Banking 7 47 At FFIN In Banking
Slide 9: Senior Leadership
Senior Leadership James Alexander Chris Evatt Rett Everett Executive Vice President Senior Banking Executive Executive Vice President Commercial Banking Southern Regions Credit Administration 8 29 At FFIN In Banking 25 25 At FFIN In Banking 4 23 At FFIN In Banking
Slide 10: Senior Leadership
Senior Leadership Javier Jurado Keith Morton Michael Parker Executive Vice President Executive Vice President Executive Vice President Chief Audit Executive Credit Administration Chief Compliance Officer 2 21 At FFIN In Banking 2 22 At FFIN In Banking 3 18 At FFIN In Banking
Slide 11: Senior Leadership
Senior Leadership Jeff Vorhees Sarah Bacon Eric Bonnell Executive Vice President Senior Vice President Senior Vice President Treasurer Chief Accounting Officer Enterprise Risk Management 1 20 At FFIN In Banking 8 11 At FFIN In Banking 2 22 At FFIN In Banking
Slide 12: Line of Business Executives
Line of Business Executives James Hinton Frank Gioia President Executive Vice President First Financial Mortgage Customer Care Center 1 37 At FFIN In the Industry 10 38 At FFIN In the Industry Josh Brown Executive Vice President Chief Human Resources Officer 11 16 At FFIN In the Industry
Slide 13: Line of Business Executives
Line of Business Executives Lori Hill Andrea Smiddy-Schlagel Executive Vice President Executive Vice President Retail Treasury Management 28 35 At FFIN In the Industry 7 37 At FFIN In the Industry Chris Schjetnan Executive Vice President Community Lending and Outreach 13 21 At FFIN In the Industry
Slide 14: Line of Business Executives
Line of Business Executives Dan Summerford Violet Watson Griggs Executive Vice President Senior Vice President Middle Market Banking Advertising and Marketing 2 31 At FFIN In the Industry 6 At FFIN 8 In the Industry Mike Wolverton Executive Vice President Consumer Lending 14 40 At FFIN In the Indust
Slide 15: Line of Business Executives
Line of Business Executives Brandon Harris Gary Milliorn Senior Vice President Senior Vice President Appraisal Services Property Management 10 23 At FFIN In the Industry 11 37 At FFIN In the Industry
Slide 16: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Marelyn Shedd Marshall Morris Abilene Abilene CEO President 35 43 At FFIN In Banking 15 15 At FFIN In Banking Abilene
Slide 17: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Austin Bryan Nora Thompson Bryan/College Station Bryan/College Station President CEO & Chairman 6 37 At FFIN In Banking 6 35 At FFIN In Banking Bryan/College Station
Slide 18: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Marcus Morris Austin Elsner Chisholm Trail Chisholm Trail CEO President 16 18 At FFIN In Banking 8 25 At FFIN In Banking Chisholm Trail
Slide 19: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Justin Hooper Trent Swearengin Cross Timbers Cross Timbers CEO & Chairman President 22 33 At FFIN In Banking 26 28 At FFIN In Banking Candi Kanady Eastland Division President 25 25 At FFIN In Banking Cross Timbers
Slide 20: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Rodney Nabors Greater Houston CEO - At FFIN 36 In Banking Greater Houston
Slide 21: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Blaine Caillier Southeast Texas President & CEO 15 15 At FFIN In Banking Southeast Texas
Slide 22: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Shelby Bruhn Southlake Chairman, President, & CEO 4 25 At FFIN In Banking Southlake
Slide 23: Experienced Regional CEOs and Presidents
Experienced Regional CEOs and Presidents Robert de la Cruz Hereford Executive Vice President 23 23 At FFIN In Banking Rick Vaughan San Angelo Chairman & CEO Rodney Foster Sweetwater 2 32 At FFIN In Banking President 27 30 At FFIN In Banking West Texas
Slide 24: CELLENCE
CELLENCE OM WITHIN
Slide 25: Independent Public Auditors
Independent Public Auditors
Slide 26: CELLENCE
CELLENCE OM WITHIN
Slide 27: Corporate Board of Directors
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 Executive Compensation Audit 2020 Nominating / Corporate Governance 1998 Nominating / Corporate Governance Risk Risk Year Committee Appo
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. Compensation Audit 2024 2019 Bank Directors’ Loan Committee Risk 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 Risk 1991 Executive 2006 Nominating / Corporate Governance Bank Directors’ Loan Committee Year Committee Appointments Year Committee Appointments
Slide 31: Corporate Board of Directors
Corporate Board of Directors Geoff Haney Dr. Eli Jones Professor of Marketing, Former CEO and Partner of Cape & Son Lowry and Peggy Mays Eminent Scholar, Former Dean of Mays School of Business, Texas A&M University Audit Audit 2025 Bank Directors’ Loan Committee 2022 Compensation Year Committee Appo
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 Compensation 2013 Executive 1998 Risk Nominating/Corporate Governance Bank Directors’ Loan Committee Year Committee Appointments Year Committee
Slide 33: Corporate Board of Directors
Corporate Board of Directors Robert C. Nickles, Jr. Blake Poutra Executive Chairman Managing Partner and Principal at Big Enrichment Alegacy Group, LLC Chief Executive Officer of Coennect Executive 2019 Nominating / Corporate Governance 2025 Risk Risk Year Committee Appointments Year Committee Appoi
Slide 34: Corporate Board of Directors
Corporate Board of Directors Lota S. Zoth Former CFO, Medlmmune, Inc. 2026 Director Nominee Year Committee Appointments
Slide 35: CELLENCE
CELLENCE OM WITHIN
Slide 36: 2025 Financial Review
2025 Financial Review Michelle Hickox Chief Financial Officer
Slide 37: 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 38: 2025 Financial Overview
CELLENCE OM WITHIN 2025 Financial Overview
Slide 39: Strong Historical Earnings
Strong Historical Earnings FFIN Earnings (in millions) / Earnings Per Share $253.6 $227.6 $234.5 $223.5 $202.0 $199.0 $1.77 $1.59 $1.64 $1.56 $1.42 $1.39 2020 2021 2022 2023 2024 2025
Slide 40: FFIN Outperforms Peers
FFIN Outperforms Peers Percentage Return on Average Assets First Financial Peer Group 1.98% 1.89% 1.76% 1.68% 1.76% 1.55% 1.26% 1.11% 1.07% 0.82% 0.89% 0.90% 2020 2021 2022 2023 2024 2025
Slide 41: Net Interest Margin
Net Interest Margin Quarterly NIM % First Financial Peer Group 4.50% 4.25% 4.00% 3.81% 3.75% 3.50% 3.25% 3.00% 2.99% 2.75% 2.50% 2.25% 1st Qtr. '23 2nd Qtr. '23 3rd Qtr. '23 4th Qtr. '23 1st Qtr. '24 2nd Qtr. '24 3rd Qtr. '24 4th Qtr. '24 1st Qtr. '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) 2020 2021 2022 2023 2024 2025 First Financial 45.49% 45.84% 42.77% 47.26% 47.23% 45.53% Peer Group 61.85% 58.80% 57.36% 62.76% 62.96% 59.38%
Slide 43: Capital Ratios
Capital Ratios To meet Requirements Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2025 of BASEL III Tier 1 Leverage Ratio 12.06% 12.49% 12.55% > 4.00% Common Equity Tier 1 Capital Ratio 18.50% 18.83% 19.99% > 7.00% Tier 1 Capital Ratio 18.50% 18.83% 19.99% > 8.50% Total Capital Ratio 19.62% 20.00% 21.17% > 1
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) Noninterest-Bearing Interest-Bearing $13,346 $12,099 $10,566 $11,006 $11,138 $6,604 $9,945 $6,786 $6,944 $7,703 $8,751 $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 Nonperforming Assets as a Percentage of Loans Funded + Foreclosed Assets (FFIN vs. Peers) 2020 2021 2022 2023 2024 2025 First Financial 0.83% 0.63% 0.38% 0.49% 0.80% 0.69% Peer Group 0.97% 0.71% 0.59% 0.75% 1.05% 1.07%
Slide 48: 1st Quarter 2026 Financial Review
1 Quarter 2026 st 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 $0.40 $0.39 $0.43 $0.37 $0.37 2021 2022 2023 2024 2025 2026
Slide 50: Total Asset Growth
Total Asset Growth (in millions) *As of March 31, 2026 $15,387* $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 Tot Noninterest-Bearing Interest-Bearing al $12,009 $13,346 $13,245* Dep$10,566 $11,006 $11,138 osit $6,944 $8,751 $9,945 $9,859 Gro $6,786 $7,703 wth $3,780 $4,062 $3,435 $3,348 $3,401 $3,386 2021 2022 2023 2024 2025 2026
Slide 52: Total Loan Growth
Total Loan Growth (in millions) *As of March 31, 2026 $8,188 $8,308* $7,921 $7,163 $6,454 $5,427 2021 2022 2023 2024 2025 2026
Slide 53: Trust Review: Lon Biebighauser
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) Book Value Fair Value $11,942 $10,834 $9,781 $8,699 $8,755 $8,788 $8,115 $7,510 $7,550 $6,927 $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% 100.4
Slide 59: Managed Equity Styles
Managed Equity Styles • 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 Abilene Sweetwater Stephenville San Angelo Fort Worth Odessa Beaumont Houston (Kingwood) Bryan/College Station
Slide 62: Book Value of Trust Assets
Book Value of Trust Assets (in millions) $9,500 $9,000 $8,500 $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 05 06 07 08 09 10 11 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
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: Management Changes: Chris Schjetnan
Management Changes January 2025 Chris Schjetnan Executive Vice President Community Lending and Outreach 68
Slide 69: Management Changes: Jeff Vorhees
Management Changes April 2025 Jeff Vorhees Executive Vice President Treasurer First Financial Bankshares
Slide 70: Management Changes: James Hinton
Management Changes May 2025 James Hinton President First Financial Mortgage
Slide 71: Management Changes: Josh Brown
Management Changes July 2025 Josh Brown Executive Vice President Chief Human Resources Officer
Slide 72: Management Changes: Frank Gioia
Management Changes July 2025 Frank Gioia Executive Vice President Customer Care Center
Slide 73: Management Changes: Kyle McVey
Management Changes July 2025 Kyle McVey Executive Vice President Chief Financial Officer First Financial Bank
Slide 74: Management Changes: R. Mark Davidovich
Management Changes September 2025 R. Mark Davidovich Executive Vice President Fort Worth Trust Market
Slide 75: Management Changes: Tim Brown
Management Changes October 2025 Tim Brown Chief Information Officer First Technology Services, Inc.
Slide 76: Management Changes: John Ruzicka
Management Changes October 2025 John Ruzicka Executive Vice President Chief Banking Operations Officer
Slide 77: Management Changes: James Alexander
Management Changes January 2026 James Alexander Executive Vice President Head of Commercial Banking
Slide 78: Management Changes: Chris Evatt
Management Changes January 2026 Chris Evatt Senior Banking Executive
Slide 79: Management Changes: Rick Vaughan
Management Changes January 2026 Rick Vaughan CEO West Texas Region
Slide 80: Management Changes: Luke Uherik
Management Changes January 2026 Luke Uherik Market President of San Angelo West Texas Region
Slide 81: Management Changes: Tim Corzine
Management Changes January 2026 Tim Corzine Beaumont Market President Southeast Texas Region
Slide 82: Management Changes: Rodney Nabors
Management Changes April 2026 Rodney Nabors CEO Greater Houston Region
Slide 83: Management Changes: Bart Griffith
Management Changes April 2026 Bart Griffith Conroe Market President Greater Houston Region
Slide 84: Board Changes
CELLENCE OM WITHIN Board Changes
Slide 85: Board Changes: Geoff Haney
Board Changes April 2025 Geoff Haney Former CEO and Partner of Cape & Son
Slide 86: Board Changes: Blake Poutra
Board Changes April 2025 Blake Poutra Managing Partner and Principal of Big Enrichment Chief Executive Officer of Coennect
Slide 87: Board Changes: Lota S. Zoth
Board Changes April 2026 Lota S. Zoth Former Chief Financial Officer Medlmmune, Inc.
Slide 88: Legacy: Johnny E. Trotter
req o Legacy Thank you for 32 years of distinguished service Johnny E. Trotter President § CEO Livestock Investors, LTD
Slide 89: Community & Neighborhood Engagement
Community & Neighborhood Engagement
Slide 90: 10th Annual Day of Service
10th Annual Day of Service
Slide 91: Beaumont Branch of Southeast Texas Opening
iis cease Beaumont — Branch of Southeast Texas Opening — June 2026
Slide 92: Pine Motor Bank Branch of Abilene Opening
Pine Motor Bank — Branch of Abilene Opening — June 2026
Slide 93: Corporate Office Remodeled
Corporate Office Remodeled January 2026
Slide 94: Franklin Branch Opening 2027
Franklin — Branch of BICS. Cpening — 2027
Slide 95: CELLENCE
CELLENCE OM WITHIN
Slide 96: Dividends Per Share
Dividends Per Share Annual Dividends Declared Per Share $0.75 $0.71 $0.72 $0.66 $0.58 $0.51 2020 2021 2022 2023 2024 2025
Slide 97: Dividend Announcement
Dividend Announcement Increase cash dividend to $0.22 per quarter – 16% increase Shareholders of record as of June 12, 2026 Dividend payable July 1, 2026
Slide 98: CELLENCE
CELLENCE OM WITHIN
First Financial Bankshares — Shareholder Meeting (2026) on 6ix