First Financial Bankshares, Inc. · NASDAQ:FFIN
First Financial Bankshares — Q2 2026 Earnings Presentation
39 slides from First Financial Bankshares's earnings presentation, July 2026
Slide 1: 2nd Quarter 2026
F RST FINANCIAL BANKSHARES INC.” 2nd Quarter 2026 CELLENCE OM WITHIN
Slide 2: Forward Looking Statement
Forward Looking Statement The numbers, as of and for the quarter ended June 30, 2026, 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 stateme
Slide 3: Who We Are
Who We Are $15.3 billion financial holding company headquartered in Abilene, Texas Group of 8 separate bank regions Trust and Asset Management Company with 9 locations and manages approximately $12.2 billion in assets 136 year history
Slide 4: S&P Global Top Public Banks 2025
2025 S&P GLOBAL TOP 50 PUBLIC BANKS F RST FINANCIAL BANK MEMBER FDIC
Slide 5: What Makes Us Different
What Makes Us Different One Bank, Eight Regions Concept One Bank Consolidation of credit, customer contact center, internal audit, accounting, technology, human resources, risk management, training, and compliance (drives lower efficiency ratio) Eight Regions Regional Presidents run their re
Slide 6: Diverse Footprint Across Texas
Diverse Footprint Across Texas www.ffin.com/locations 5
Slide 7: Recent De Novo Growth
Recent De Novo Growth Franklin: Branch of Bryan / College Station – August 2023 Lumberton: Branch of Orange – December 2022 Bryan / College Station: Office of Trust Company – September 2020 Austin: Office of the Mortgage Company – January 2020 Grand Parkway (Spring): Branch of Conroe – Ope
Slide 8: FFIN's Unique Positioning in Texas
FFIN’s Unique Positioning in Texas Bank Key Markets Frost San Antonio, Austin, Corpus Christi, DFW, Rio Grande, West Texas International Bancshares Rio Grande, Houston, San Antonio, Oklahoma Origin Bancorp Dallas, Louisiana Prosperity Houston, DFW, Austin, West Texas, South Central Texas, Oklahoma S
Slide 9: Customer Service First (CS1st)
Customer Service First (CS1st) Began CS1st initiative in 2005 with Dennis Snow (former Disney executive charged with Disney’s customer experience). Implemented the Service Improvement Team with ten distinct teams with various strategic objectives. Key Successes Established a robust employee
Slide 10: Executive Management Team at First Financial
Executive Management Team at First Financial Years with Company Years in Industry Scott Dueser Executive Chairman of the Board 50 55 First Financial Bankshares, Inc. David Bailey Chief Executive Officer & President 23 23 First Financial Bankshares, Inc. Ron Butler Vice Chairman of the 33 44 Executiv
Slide 11: Executive Management Team at First Financial
Executive Management Team at First Financial Years with Company Years in Industry Randy Roewe Executive Vice President 11 36 Chief Risk Officer John Ruzicka Executive Vice President 7 47 Chief Banking Operations Officer Brian Goodrich Executive Vice President 2 26 General Counsel Tim Brown Executive
Slide 12: Senior Leadership
Senior Leadership Years with Company Years in Industry Chris Evatt Senior Banking Executive 25 25 Southern Banking Regions James Alexander Executive Vice President 8 29 Commercial Banking Rett Everett Executive Vice President 4 23 Credit Administration – DFW Keith Morton Executive Vice President 2 2
Slide 13: Line of Businesses Executives
Line of Businesses Executives Years with Company Years in Industry Josh Brown Executive Vice President 11 16 Chief Human Resources Officer Frank Gioia Executive Vice President 10 38 Customer Care Center Brandon Harris Senior Vice President 10 23 Appraisal Services Lori Hill Executive Vice President
Slide 14: Line of Businesses Executives
Line of Businesses Executives Years with Company Years in Industry Chris Schjetnan Executive Vice President 13 21 Community Lending and Outreach Andrea Smiddy-Schlagel Executive Vice President 7 37 Treasury Management Dan Summerford Executive Vice President 2 31 Director of Middle Market Lending Vio
Slide 15: Experienced Regional CEOs & Presidents
Experienced Regional CEOs & Presidents Years with Company Years in Industry Marelyn Shedd, Abilene (CEO) 35 43 Marshall Morris, Abilene (President) 15 15 Nora Thompson, Bryan/College Station (CEO) 6 35 Austin Bryan, Bryan/College Station (President) 6 37 Marcus Morris, Chisholm Trail (CEO) 16 18 Aus
Slide 16: Total Asset Growth
Total Asset Growth (in millions) *As of June 30, 2026 $15,446 $15,306* $13,979 $13,102 $12,974 $13,106 2021 2022 2023 2024 2025 2026
Slide 17: Total Deposit Growth
Total Deposit Growth (in millions) *As of June 30, 2026 Noninterest-Bearing Interest-Bearing $13,346 $13,120* $12,099 $11,006 $11,138 $10,566 $9,945 $9,641 $6,786 $6,944 $7,703 $8,751 $3,780 $4,062 $3,435 $3,348 $3,401 $3,479 2021 2022 2023 2024 2025 2026
Slide 18: Deposit Products - $13.1 Billion
Deposit Products - $13.1 Billion Time 6.6% Non-interest bearing Money checking Market 26.5% 20.0% NOW & Savings 46.9%
Slide 19: Total Loan Growth
Total Loan Growth *As of June 30, 2026 (in millions) $8,188 $8,371* $7,921 $7,163 $6,454 $5,427 2021 2022 2023 2024 2025 2026
Slide 20: Overview of Loan Portfolio – $8.4 Billion
Overview of Loan Portfolio – $8.4 Billion Real Estate – C&D: Residential Development – 73.24% Commercial Development – 26.76% Real Estate – C&D 14.27% Municipal 5.02% Real Estate - Non Owner 9.97% Agriculture 0.98% Real Estate - Owner Real Estate - Farm 13.71% 4.13% Commercial 13.03% Consumer - Non-
Slide 21: Commercial R/E Overview
Commercial R/E Overview Diversified mix of CRE by Property type Balanced portfolio across all of Texas, with less than 1% of loans located outside of the State Excellent credit quality, 2.9% of CRE loans are classified, and less than 1.0% are non- performing (as a percentage of total CRE loans
Slide 22: Loan to Deposit Ratio
Loan to Deposit Ratio *As of June 30, 2026 **As of March 31, 2026 2021 2022 2023 2024 2025 2026 End of Period 51.4 58.6 64.3 65.1 61.1 63.8* Peer 72.8 80.9 83.9 82.5 82.4 83.2** Group
Slide 23: Sound Lending Practices
Sound Lending Practices *As of June 30, 2026 **As of March 31, 2026 Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers) 2021 2022 2023 2024 2025 2026 First Financial 0.63% 0.38% 0.49% 0.80% 0.69% 0.80%* Peer Group 0.71% 0.59% 0.75% 1.05% 1.07% 1.13** *As of March 31, 2
Slide 24: Allowance for Credit Losses and Provision for Loan Losses
Allowance for Credit Losses and Provision for Loan Losses* (in thousands) *As of June 30, 2026 $112,433 * $105,536 $98,325 $88,734 $75,834 $63,465 $30,898 $11,540 $15,050 $13,048 $6,653 * $(2,089) 2021 2022 2023 2024 2025 2026 *Excludes reserve and provision for unfunded commitments.
Slide 25: Summary of Bond Portfolio - $5.68 Billion
Summary of Bond Portfolio - $5.68 Billion Corporates/Other CMBS 1.62% 21.01% Muni 30.90% MBS 46.47%
Slide 26: Growth in Trust Assets
Growth in Trust Assets Total Trust Assets – Book Value / Fair Value (in millions) - Full year and 1st 6 months *As of June 30, 2026 $11,942 $12,234 * $10,834 $9,781 $8,699 $8,755 $8,788 $8,779* $8,115 $7,550 $6,297 $5,880 2021 2022 2023 2024 2025 2026
Slide 27: Total Trust Fees
Total Trust Fees Growth in FFTAM Fees (in thousands) - Full year and 1st 6 months *As of June 30, 2026 (in millions) $51,861 $47,449 $39,995 $40,456 $36,145 $27,323 * $25,399 $23,093 $19,559 $19,728 $16,991 2021 2022 2023 2024 2025 2026
Slide 28: Total Trust Net Income
Total Trust Net Income Growth in FFTAM Income (in thousands) - Full year and 1st 6 months *As of June 30, 2026 $28,382 (in millions) $25,724 $20,857 $21,624 $17,723 $15,120 * $13,911 $12,416 $10,230 $10,703 $8,249 2021 2022 2023 2024 2025 2026
Slide 29: Strong Historical Earnings
Strong Historical Earnings Full year and 1st 6 months (in millions) *As of June 30, 2026 (in millions) $253.6 $227.6 $234.5 $223.5 $199.0 $143.4 * $128.0 $113.3 $116.5 $105.9 $103.4 2021 2022 2023 2024 2025 2026
Slide 30: Strong Shareholders Earnings
Strong Shareholders Earnings Diluted Earnings Per Share *As of June 30, 2026 $1.77 $1.59 $1.64 $1.56 $1.39 $1.00 $0.89 $0.79 $0.81 $0.72 $0.74 2021 2022 2023 2024 2025 2026
Slide 31: FFIN Outperforms Peers
FFIN Outperforms Peers Return on Average Assets *As of June 30, 2026 **As of March 31, 2026 1.89% 1.89%* 1.76% 1.76% 1.68% 1.55% 1.26% 1.11% 1.07% 1.13%** 0.89% 0.88% 2021 2022 2023 2024 2025 2026 First Financial Peer Group
Slide 32: Strong Return on Capital
Strong Return on Capital Return on Average Equity *As of June 30, 2026 **As of March 31, 2026 16.72% 14.99% 14.51% 14.59% 14.76%* 13.31% 11.94% 11.16% 9.84% 10.03%** 9.14% 8.45% 2021 2022 2023 2024 2025 2026 First Financial Peer Group
Slide 33: Strong Return on Capital
Strong Return on Capital Return on Average Tangible Equity *As of June 30, 2026 21.59% 19.65% 18.24% 17.80% 17.57%* 16.35% 2021 2022 2023 2024 2025 2026
Slide 34: Net Interest Margin
Net Interest Margin Quarterly Interest Margin 4.50% 4.30% 4.10% 3.90% 3.90% 3.70% 3.50% 3.30% 3.08% 3.10% 2.90% 2.70% 2.50% 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 1st Qtr. 2nd Qtr. '23 '23 '23 '23 '24 '24 '24 '24 '25 '25 '25 '25 '2
Slide 35: Working Smarter
Working Smarter Efficiency Ratio (FFIN vs. Peers) 2021 2022 2023 2024 2025 2026 First Financial 45.84% 42.77% 47.26% 47.23% 45.53% 45.47%* Peer Group 58.80% 57.36% 62.76% 62.96% 59.38% 59.38** *For the six months ended June 30, 2026 **For the three months ended March 31, 2026
Slide 36: Dividends Per Share
Dividends Per Share Annual Dividends Declared Per Share $0.85* $0.75 $0.71 $0.72 $0.66 $0.58 2021 2022 2023 2024 2025 2026 *Note: Increased quarterly dividend to $0.22 per quarter payable on July 1, 2026.
Slide 37: Stock Performance
Stock Performance 1200.00% 1000.00% 800.00% 600.00% 400.00% 200.00% Dec. ’19 0.00% -200.00% Dec. ’17 Jan . ‘07 Dec Dec ‘07‘08 Dec.Dec ‘10. ‘09 Dec. ’12 Dec. Dec. ’14 Dec. ’16 Dec. ’18 Dec. ’20 Dec. ’22 Dec.’24 June ’26 ’11 FFIN S&P 500 NASDAQ Dow Jones 48
Slide 38: Stock Performance
Stock Performance if you bought 100 shares in 1973, you'd have... Net Income Period - End Mkt. Value $300,000,000 $2,000,000 $1,800,000 $250,000,000 $1,600,000 $1,400,000 $200,000,000 $1,200,000 $150,000,000 $1,000,000 $800,000 $10,000,000 | $600,000 $400,000 $50,000,000 $200,000 $0 - _ $0 P PeEK ED
Slide 39: First Financial Bankshares, Inc.
FIRST FINANCIAL BANKSHARES, INC.”
First Financial Bankshares — Q2 2026 Earnings Presentation on 6ix