Annual Meeting

1. 2019ANNUALSHAREHOLDERS’MEETING
1

2. Executive Management Team
43 48
Scott Dueser
Chairmanofthe Board, Presidentand Chief ExecutiveOfficer
At FFIN In Banking
2

3. Executive Management Team
Ron Butler
ExecutiveVice President
Chief AdministrativeOfficer
26AtFFIN
37In Banking Tim Collard
ExecutiveVice President
Lending
27AtFFIN
38In Banking
3

4. Executive Management Team
Troy Fore
President
FirstFinancialMortgage
4AtFFIN
38In Banking
Gary S.Gragg
ExecutiveVice President
Chief LendingOfficer
28AtFFIN
40In Banking
4

5. Executive Management Team
J. BruceHildebrand, CPA
ExecutiveVice President
Chief Financial Officer
16AtFFIN
40In Banking
Monica Houston
ExecutiveVice President
RetailBankingand Training
23AtFFIN
23In Banking
5

6. Executive Management Team
RandyRoewe
ExecutiveVice President
Chief RiskOfficer
4AtFFIN
29In Banking
LukeLonghofer
8AtFFIN
16In Banking
ExecutiveVicePresident
Chief CreditOfficer
6

7. Executive Management Team
John Ruzicka
Executive Vice President
Chief Information Officer
AtFFIN
39In Banking
1
Michele Stevens
Executive Vice President
Advertising and Marketing
22AtFFIN
35In Banking
7

8. Executive Management Team
KirkThaxton,CTFA
Chairman, President, and CEO
First Financial Trust and Asset Management
32AtFFIN
36In Banking
MarnaYerigan
Executive Vice President
Lending
8AtFFIN
38In Banking
8

9. Senior ManagementTeam
Brandon Harris
SeniorVice President
AppraisalServices
5AtFFIN
18In Banking
Larry Kentz
SeniorVice Presidentand Compliance
Officer Compliance
5AtFFIN
38In Banking
J. Kyle McVey, CPA
SeniorVice President
Chief AccountingOfficer
9AtFFIN
11In Banking
9

10. Line of Business Executives
Brandon Barker
Co-Manager
FirstFinancialInvestmentAdvisors
13 At FFIN | 26 In Banking
Will Christoferson
Vice President
Marketing
1 At FFIN | 10 In Banking
Frank Gioia
Senior Vice President
CustomerCareCenter
4 At FFIN | 32 In Banking
Tony Gorman
SeniorVice President
HumanResources
5 At FFIN | 32 In Banking
Rick Howard
Co-Manager
FirstFinancialInvestmentAdvisors
9 At FFIN | 12 In Banking
Gary Milliorn
Vice President
PropertyManagement
4 At FFIN | 30 In Banking
AndreaSmiddy-Schlagel
ExecutiveVice President
TreasuryManagement
1 At FFIN | 31 In Banking
MichaelWolverton
ExecutiveVice President
Consumer Lending
8 At FFIN | 34 In Banking
10

11. Experienced Regional CEOs & Presidents
Joseph Crouch
Sweetwater
2AtFFIN
23In Banking
Mike Mauldin
Hereford
17AtFFIN
42In Banking
David Bailey
Eastland
16AtFFIN
16In Banking
Marelyn Shedd
Abilene
29AtFFIN
36In Banking
11

12. Experienced Regional CEOs & Presidents
Chris Evatt
San Angelo
19AtFFIN
19In Banking
Trent Swearengin
Stephenville
20AtFFIN
22In Banking
Austin Elsner
Cleburne
2AtFFIN
19In Banking
Justin Hooper
Weatherford
15AtFFIN
26In Banking
12

13. Experienced Regional CEOs & Presidents
Mark Jones
Southlake
19AtFFIN
42In Banking
Sam Baker
Conroe
4AtFFIN
43In Banking
Stephen Lee
Southeast Texas
7AtFFIN
31In Banking
Kirby Cason
Huntsville
1AtFFIN
13In Banking
13

14. Experienced Regional CEOs & Presidents
Johnny Brooks
Kingwood
1AtFFIN
37In Banking
MarcusMorris
Fort Worth
9AtFFIN
11In Banking
14
ShelleyDacus
Kingwood
1AtFFIN
15In Banking

15. 15

16. Independent Public Auditors
16

17. 2019 ANNUAL SHAREHOLDERS’ MEETING
17

18. Board of Directors
April Anthony
ChiefExecutiveOfficerEncompassHomeHealth andHospice& Homecare
Homebase
4 Audit
CommitteeAppointmentYears On
Board
President, Mansefeldt Investment Corporation
TuckerS. Bridwell
12 Lead Director/Executive
Nominating/Corporate Governance
CommitteeAppointmentYears On
Board
DavidCopeland
President,SIPCO, Inc. and Shelton
Family Foundation
21 Executive/Audit
Nominating/Corporate Governance
CommitteeAppointmentYears On
Board
18
MikeDenny
President, Batjer and Associates, Inc.
CommitteeAppointmentYears On
Board
Audit

19. Board of Directors
Principal,The Edwards Group
Murray Edwards
13 Executive/Audit
Nominating/Corporate Governance
CommitteeAppointmentYears On
Board
G&G Investments
Ron Giddiens
10
CommitteeAppointmentYears On
Board
Audit
RetiredPresidentand CEOHendrickHealth System
TimLancaster
6
CommitteeAppointmentYears On
Board
Audit/Compensation
F. Scott Dueser
Chairmanof theBoard,PresidentandCEO
28 Executive
CommitteeAppointmentYears On
Board
19

20. Board of Directors
President and CEO LivestockInvestors,Ltd.
JohnnyE. Trotter
16
CommitteeAppointmentYears On
Board
Executive
Compensation
Nominating/Corporate Governance
Chairman and President Akrotex,Inc.
RossH. Smith,Jr.
5
CommitteeAppointmentYears On
Board
Compensation
KadeL.Matthews
RanchingandInvestments
21 Compensation
CommitteeAppointmentYears On
Board
20
Executive Chairman of Alegacy Group, LLC
RobertC.Nickles,Jr.
CommitteeAppointmentYears On
Board
Compensation

21. 2019 ANNUAL SHAREHOLDERS’ MEETING
21

22. Certain statements contained hereinmay be considered“forward-lookingstatements” as defined in the Private SecuritiesLitigation Reform Act of 1995. Thesestatements are based upon the belief
of the Company’s management, as wellas assumptionsmade beyond information currentlyavailable to the Company’s management, and may be, butnot necessarilyare, identified by suchwords
as “believes,”“expect,” “plan,” “anticipate,” “target,”“forecast”and “goal”. Because such forward-lookingstatements are subjectto risksand uncertainties, actual resultsmay differmaterially from
those expressedor implied by such forward-lookingstatements. Factors that could cause actual resultsto differmaterially from the Company’s expectationsinclude competition from other
financial institutions and financial holding companies; the effectsofand changes in trade, monetaryand fiscal policiesand laws, including interestratepoliciesof the FederalReserveBoard;
changes in the demand for loans, fluctuations in value ofcollateraland loan reserves;inflation, interestrate, marketand monetary fluctuations; changes in consumerspending, borrowingor saving
habits; and acquisitions and integration of acquired businesses,and similarvariables. Other keyrisksare describedin the Company’s reportsfiled with the Securitiesand Exchange Commission,
which may be obtained under “InvestorRelations-Documentsand Filings”on the Company’s websiteor by writing or calling the Company at325.627.7155. Exceptas otherwisestated herein, the
Company does not undertakeany obligation to update publiclyor reviseany forward-lookingstatements because ofnew information, future eventsor otherwise.
Forward Looking Statement
22

23. 2018 Financial Review
Earnings
23

24. $78.9
$89.6
$100.4 $104.8
$120.4
$150.6
2013 2014 2015 2016 2017 2018
$7.65*
$0.66*
FFIN Earnings (inmillions)
32nd ConsecutiveYear of Increased Earnings
* Adjusted for tax ratechange
24

25. $1.24
$1.40
$1.55 $1.59
$1.82
$2.23
2013 2014 2015 2016 2017 2018
$0.11*
* Adjusted for tax ratechange
$0.01*
Basic EarningsPerShare
Strong Shareholder Earnings
25

26. 2013 2014 2015 2016 2017 2018
First
Financial 50.20% 49.24% 47.61% 49.22% 49.26% 49.72%
PeerGroup 67.87% 66.94% 63.92% 62.83% 61.01% 60.51%
Working Harder and Smarter
Efficiency Ratio (FFIN vs. Peers)
26

27. 3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
First Financial Peer Group
QuarterlyInterestMargin
Net InterestMargin
2015 2016 2017 2018 27

28. 1.64% 1.65% 1.61% 1.59%
1.72%
1.98%
1.03%
0.95% 0.95% 1.00% 0.95%
1.22%
2013 2014 2015 2016 2017 2018
First Financial Peer Group
PercentageReturnon Average Assets
FFIN Outperforms Peers
28

29. 13.75% 14.00% 13.60%
12.36%
13.63%
15.37%
8.88%
8.32% 8.59%
9.16% 8.67%
10.86%
2013 2014 2015 2016 2017 2018
FirstFinancial Peer Group
PercentageReturnon Average Equity
Strong Returnon Capital
29

30. 100.4
12/31/18 3/31/19
Tomeet Requirements of BASEL III
for 2019
Tier 1
Leverage Ratio 11.85 12.08 >4.00
CommonEquity
Tier 1CapitalRatio 19.47 19.86 >7.00
Tier 1CapitalRatio 19.47 19.86 >8.50
TotalCapitalRatio 20.61 21.00 >10.50
Capital Ratios
30

31. $5,222
$5,848
$6,665 $6,810
$7,255 $7,732
2013 2014 2015 2016 2017 2018
Growth in Total Assets (inmillions)
Asset Performance
31

32. $76 $106 $102 $84 $95 $97
$334 $361 $386 $409 $404 $373
$590 $640 $685 $674 $683 $845
$777
$855 $971 $1,009 $1,069
$1,143
$912
$976
$1,207 $1,208 $1,250
$1,517
2013 2014 2015 2016 2017 2018
Agricultural Consumer Commercial 1-4 Family Real Estate CommercialReal Estate
Growth in FFINTotal Loans (in millions)
Loan Performance
$2,689
$2,938
$3,351 $3,384 $3,501
$3,975
32

33. 2013 2014 2015 2016 2017 2018
First
Financial 1.16% 0.74% 0.90% 0.86% 0.57% 0.75%
PeerGroup 2.71% 1.92% 1.32% 1.05% 0.86% 0.82%
Sound LendingPractices
Nonperforming Assets as a Percentage of Loans + Foreclosed Assets (FFIN vs Peers)
33

34. $1,362 $1,570 $1,746 $1,718 $2,042 $2,116
$2,773
$3,180
$3,444 $3,761
$3,921 $4,064
2013 2014 2015 2016 2017 2018
Non Interest Bearing InterestBearing
Growth in FFINTotal Deposits (inmillions)
Deposit Growth
$4,135
$4,750
$5,190
$5,479
$5,963 $6,180
34

35. 1st Quarter 2019 Summary
35

36. $22.3 $24.0 $25.7 $26.6
$34.5
$38.3
2014 2015 2016 2017 2018 2019
FFIN Earnings (inmillions)
1st Quarter Earnings
36

37. $0.35 $0.37 $0.39 $0.40
$0.51 $0.56
2014 2015 2016 2017 2018 2019
Basic EarningsPerShare
ShareholderEarnings- 1st Quarter
37

38. $5,848
$6,665 $6,810 $7,255
$7,732 $7,945*
2014 2015 2016 2017 2018 2019
Growth in Total Assets (inmillions)
Asset Performance
*AsofMarch31,2019
38

39. $106 $102 $84 $95 $97 $91
$361 $386 $409 $404 $373 $386
$640 $685 $674 $683 $845 $822
$855 $971 $1,009 $1,069
$1,143 $1,200
$976
$1,207 $1,208 $1,250
$1,517 $1,505
2014 2015 2016 2017 2018 2019
Agricultural Consumer Commercial 1-4 Family Real Estate CommercialReal Estate
Growth in FFINTotal Loans (in millions)
Loan Performance
$2,938
$3,351 $3,384 $3,501
$3,975 $4,004*
*AsofMarch31,2019
39

40. $1,570 $1,746 $1,718 $2,042 $2,116 $2,166
$3,180
$3,444 $3,761
$3,921 $4,064 $4,185
2014 2015 2016 2017 2018 2019
Non Interest Bearing InterestBearing
Growth in FFINTotal Deposits (inmillions)
Deposit Growth
$4,750
$5,190 $5,479
$5,963 $6,180 $6,351*
*AsofMarch31,2019
40

41. 41

42. $2,465
$2,774
$3,060
$3,374
$3,866
$4,294
$3,361
$3,759 $3,870
$4,373
$5,132
$5,599
2013 2014 2015 2016 2017 2018
Book Value Fair Value
Growth in Trust Assets
TotalTrust Assets –Book Value/Fair Value(in millions)
42

43. $16,317
$18,766 $19,252 $19,636
$23,694
$28,181
2013 2014 2015 2016 2017 2018
Growth in FFTAMFees (in thousands)
Total Trust Fees
43

44. $2,648
$3,150
$2,005
$1,709
$2,413
$4,821
2013 2014 2015 2016 2017 2018
Growth in Mineral Management (inthousands)
Revenuefrom MineralManagement
44

45. $6,142
$7,109 $7,449 $7,190
$8,579
$13,532
2013 2014 2015 2016 2017 2018
Growth in FFTAMNet Income (in thousands)
Total Trust NetIncome
45

46. Managed Equity Styles
•Equity Income
•CoreDomestic
•Core Diversified
•Core World
•StrategicGrowth
46

47. 47

48. Trust Locations
• Abilene
• Sweetwater
• Beaumont
• San Angelo
• Fort Worth
• Stephenville
• Houston
• Odessa
48

49. BOOKVALUE OFTRUST ASSETS (in millions)
04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
4919

50. 50

51. 2019 ANNUAL SHAREHOLDERS’ MEETING
51

52. $78.9
$89.6
$100.4 $104.8
$120.4
$150.6
2013 2014 2015 2016 2017 2018
$7.65*
$0.66*
FFIN Earnings (inmillions)
32nd ConsecutiveYear of Increased Earnings
* Adjusted for tax ratechange
52

53. Improvements for 2019
Grow Loans and Deposits
Improve Our Interest Rate Margin
53

54. Improvements for 2019
Grow Mortgage
& Trust
Increase Our Fee Income
54

55. Improvements for 2019
Continue to Improve Credit Quality
Control Expenses
55

56. Improvements for 2019
Make Another
Acquisition
56

57.  Consummated January1, 2018
 4 Branchesin Kingwood, El Campo, Fulshear,Palacios
 $390.2 million in Assetsas ofDecember 31, 2017
 $345.9 million in deposits
 $271.5 million in loans
 $59.4 million purchaseprice represents13.78x last twelve monthsearnings
 Commercial Bankshares,Inc. paid a special dividend totaling $22.3 million prior toclosing of
transaction
CommercialState Bank –
KingwoodAcquisition
57

58.  Kingwood acquisition is consistent with ouracquisition model ofhigh growthareas, strong
management and excellent earningsopportunity
 Provides diversification and fits well into ourfootprint
 Managementand Board sharesame values tooutstanding customerservice
 Net Income of$6.06 million and an ROAof1.63%
CommercialState Bank –
KingwoodAcquisition
58

59. 11 Regions Across Texas
59

60. 11 Regions Across Texas
Abilene Region
• Abilene
• Clyde
• Moran
• Albany
• Odessa
• Sweetwater
• Roby
• Trent
• Merkel
• Eastland
• Rising Star
• Ranger
• Cisco
23Locations 60

61. 11 Regions Across Texas
Hereford Region
• Hereford
1 Location
61

62. 11 Regions Across Texas
San Angelo Region
• SanAngelo
2 Locations
62

63. 11 Regions Across Texas
Cleburne Region
• Cleburne
• Burleson
• Alvarado
• Midlothian
• Waxahachie
6 Locations
63

64. 11 Regions Across Texas
Stephenville Region
• Stephenville
• Granbury
• GlenRose
• Acton
• MineralWells
7 Locations
64

65. 11 Regions Across Texas
Weatherford Region
• Weatherford
• Aledo
• Willow Park
• Brock
6 Locations
65

66. 11 Regions Across Texas
Southlake Region
• Southlake
• Trophy Club
• Keller
• Bridgeport
• Boyd
• Decatur
• Grapevine
7 Locations
66

67. 11 Regions Across Texas
Southeast TexasRegion
• Orange
• Port Arthur
• Vidor
• Mauriceville
• Newton
• Beaumont
6 Locations
67

68. 11 Regions Across Texas
Conroe Region
• Conroe
• Montgomery
• CutandShoot
• Willis
• Tomball
• Spring
• Magnolia
• Huntsville
• New Waverly
10Locations
68

69. 11 Regions Across Texas
Fort Worth Region
• Fort Worth
1 Location
69

70. Kingwood Region
11 Regions Across Texas
• Kingwood
• El Campo
• Fulshear
• Palacios
4 Locations
70

71. 11 Regions Across Texas
• Abilene
• Hereford
• San Angelo
• Cleburne
• Stephenville
• Weatherford
• Southlake
• Southeast Texas
• Conroe
• Fort Worth
• Kingwood
73Locations
71

72. 72

73. 73

74. 74

75. Management Changes
March 2018
Will Christoferson
Vice President – Marketing
May 2019
Michele Stevens
Retires after 22years of service - First
FinancialBankshares
75
March 2018
Joseph Crouch
President –
Sweetwater Division

76. Management Changes
76
April 2018
Austin Elsner
President andCEO–CleburneRegion
April 2018
Tom O’Neil
Retires after 20years of service –
Abilene, Eastland,andCleburne
Regions
August 2018
KirbyCason
President –
Huntsville Division
August 2018
Robert Pate
Retires after 34years of
service – Huntsville Division

77. Management Changes
77
September 2018
Andrea Smiddy-Schlagel
ExecutiveVice President –Treasury
Management
December 2018
John Ruzicka
Chief Information Officerand Chairman,
President and CEO – First Technology Services,
Inc.
December 2018
Justin Hooper
President andCEO–Weatherford Region
December 2018
Jay Gibbs
Retires after 16years of
service – Weatherford
Region

78. Management Changes
April 2019
Marcus Morris
President and CEO of Fort Worth Region
78
March 2019
Shelley Dacus
President Kingwood Region

79. Management Changes
December 2018
June Wideman
Executive Assistantto Scott Dueserretiresafter 35 yearsof
service
79

80. Board of Directors
Mike Denny
President, Batjer and Associates, Inc.
Executive Chairmanof Alegacy Group, LLC
Robert C. Nickles, Jr.
80

81. Stock cost in January 2018 $45,050
Dividend declared ($0.82x1,000shares) $820
Increase in stock price during 2018($45.05to$57.69x1,000shares) $12,640
2018return on investment 28.06%
2017return on investment 1.33%
2016return on investment 52.14%
2015return on investment 3.05%
2014return on investment -7.96%
5 year compound average return 13.09%
TotalReturn onInvestment
Assumeyouowned 1,000shares of FFIN stockon January1, 2018
81

82. -100%
-50%
0%
50%
100%
150%
200%
250%
300%
350%
400%
Strong Stock Performance
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Dow Jones
S&P 500
NASDAQ
FFIN
2018 2019
82

83. $0.55
$0.62
$0.70
$0.75
$0.82
2014 2015 2016 2017 2018
AnnualDividends Declared PerShare
Dividends Per Share
83

84.  Effective Shareholders of recordas of May15, 2019
 Distribution Date June 3, 2019
Stock Split and IncreasedCash Dividend
Two-for-One Stock Split 100% Stock
Dividend
84

85.  Shareholders of recordas of June 17, 2019
 Dividend payable July 1, 2019
Stock Split and IncreasedCash Dividend
Increase cash divided to $0.12per quarter
– 14.3% increase
85

86. 86