The document provides an overview of First Financial Bankshares for the first quarter of 2011, including financial highlights and performance metrics. It discusses the company's expansion into new markets in Texas through both acquisitions and de novo branches. The presentation also provides details on First Financial's asset quality, loan portfolio, and municipal bond investments.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
This document provides an overview of First Financial Bankshares for the 3rd quarter of 2011. It begins with forward-looking statements and disclosures. It then summarizes the company's size, history operating as a financial holding company with 11 separately chartered banks. It provides highlights of the company's growth, including recent acquisitions. It outlines the company's target markets in central and west Texas which have experienced significant population growth. It concludes with an overview of the company's senior management team.
This document provides an unaudited financial summary for First Financial Bank for the 4th quarter of 2011. It includes a forward looking statement noting the numbers are estimates and actual results may differ. The summary discusses the bank's markets, acquisitions, management team, financial performance including growth in assets, deposits, and loans, and sound credit quality with low nonperforming assets.
The document provides unaudited financial information for the 1st quarter of 2012 and contains forward-looking statements. It discusses First Financial Bankshares, Inc., a $4.2 billion financial holding company based in Abilene, Texas with 11 separately chartered banks and over 50 locations. The company has received several recognitions and its unique business model centers around its community bank charters which focus on local markets and customers.
The document provides an overview of First Financial Bankshares Inc. for the second quarter of 2012. It notes that the numbers are unaudited and contains forward-looking statements. It then provides details on the company's financial performance, expansion efforts, target markets in Texas, and recent growth through de novo branch openings. The company operates as a $4.3 billion financial holding company with 11 separately chartered banks and over 50 locations across Texas.
This document provides an overview of First Financial Bank for the 4th quarter of 2012. It begins with forward-looking statements and disclosures. It then provides information about the company's size, history, growth markets in Texas, acquisitions, and recent expansion through de novo branches. Key details include that First Financial is a $4.5 billion financial holding company with 122 years of history and 11 separate regions across central and north Texas. Recent expansion has focused on high growth areas along major interstates.
This document provides an overview of First Financial Bankshares for 3rd quarter 2012. It discusses the company's financial highlights including total assets growing to $4.3 billion, total deposits growing to $3.4 billion, and total loans growing to $2 billion. It also summarizes the company's expansion into new markets through both acquisitions and de novo branches, and provides an overview of its loan portfolio, asset quality, and management team.
This document provides an overview and summary of First Financial Bankshares' financial performance for the 2nd quarter of 2017. It discusses the company's growth in total assets, deposits, accounts, and loans over recent years. It also provides details on the bank's markets, expansion efforts, management team, and loan portfolio composition and quality. Specifically, it notes the bank has $6.9 billion in assets as of June 30, 2017, operates in Texas with 10 regions, and has experienced strong growth while maintaining solid asset quality.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
This document provides an overview of First Financial Bankshares for the 3rd quarter of 2011. It begins with forward-looking statements and disclosures. It then summarizes the company's size, history operating as a financial holding company with 11 separately chartered banks. It provides highlights of the company's growth, including recent acquisitions. It outlines the company's target markets in central and west Texas which have experienced significant population growth. It concludes with an overview of the company's senior management team.
This document provides an unaudited financial summary for First Financial Bank for the 4th quarter of 2011. It includes a forward looking statement noting the numbers are estimates and actual results may differ. The summary discusses the bank's markets, acquisitions, management team, financial performance including growth in assets, deposits, and loans, and sound credit quality with low nonperforming assets.
The document provides unaudited financial information for the 1st quarter of 2012 and contains forward-looking statements. It discusses First Financial Bankshares, Inc., a $4.2 billion financial holding company based in Abilene, Texas with 11 separately chartered banks and over 50 locations. The company has received several recognitions and its unique business model centers around its community bank charters which focus on local markets and customers.
The document provides an overview of First Financial Bankshares Inc. for the second quarter of 2012. It notes that the numbers are unaudited and contains forward-looking statements. It then provides details on the company's financial performance, expansion efforts, target markets in Texas, and recent growth through de novo branch openings. The company operates as a $4.3 billion financial holding company with 11 separately chartered banks and over 50 locations across Texas.
This document provides an overview of First Financial Bank for the 4th quarter of 2012. It begins with forward-looking statements and disclosures. It then provides information about the company's size, history, growth markets in Texas, acquisitions, and recent expansion through de novo branches. Key details include that First Financial is a $4.5 billion financial holding company with 122 years of history and 11 separate regions across central and north Texas. Recent expansion has focused on high growth areas along major interstates.
This document provides an overview of First Financial Bankshares for 3rd quarter 2012. It discusses the company's financial highlights including total assets growing to $4.3 billion, total deposits growing to $3.4 billion, and total loans growing to $2 billion. It also summarizes the company's expansion into new markets through both acquisitions and de novo branches, and provides an overview of its loan portfolio, asset quality, and management team.
This document provides an overview and summary of First Financial Bankshares' financial performance for the 2nd quarter of 2017. It discusses the company's growth in total assets, deposits, accounts, and loans over recent years. It also provides details on the bank's markets, expansion efforts, management team, and loan portfolio composition and quality. Specifically, it notes the bank has $6.9 billion in assets as of June 30, 2017, operates in Texas with 10 regions, and has experienced strong growth while maintaining solid asset quality.
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
California and Southwest Distressed Real Estate: How Much Debt is in Distress...Ryan Slack
While signs of hope could be seen in the broader economy, the commercial real estate market continues to struggle with rising default rates and falling property values. Many borrowers have started handing back property keys to lenders. The distressed loan market is becoming more active but has not yet reached the scale of the underlying problem. Banks remain hesitant to sell large portfolios, so the FDIC currently dominates the market and more bank failures are expected to add to the volume of distressed debt available.
This document summarizes previous research on the effects of bank loan-loss reserve (LLR) announcements and identifies gaps in the existing literature. Specifically:
1. Previous studies found mixed effects of LLR announcements on stock prices, with some finding positive effects and others finding mixed or no effects.
2. Most previous studies focused narrowly on announcements in mid-1987 around Citicorp's large LLR addition, providing a limited perspective.
3. Questions remain about whether effects differ for money-center banks versus regional banks, and whether announcements have contagion effects on other banks.
Kansas bid process economic dimensions final 10 16-09krgc
The document discusses how the economic recession of 2007-2009 significantly altered the environment for casino gaming and negatively impacted many major gaming companies. This changed environment reduced the number of qualified bidders for the remaining Lottery Gaming Facility licenses in Kansas from three to one in each zone. With only one bidder now, the state is disadvantaged as it loses bargaining power to extract "sweeteners" from competing bids that could enhance the value of the winning proposals. The underlying economic value of the gaming licenses, however, has not changed significantly.
Ep. #21: December 2019 - Da Real Estate Braddahs LIVELane Kawaoka, PE
The document provides information about the IRS cracking down on abusive syndicated conservation easements. The IRS is conducting coordinated examinations and investigations involving billions of dollars of potentially inflated deductions. They are investigating various parties involved in marketing these abusive easements. The IRS reminds taxpayers that certain syndicated conservation easements are listed transactions subject to penalties, and that taxpayers should amend returns to remove improper contributions.
Regions Bank reported solid financial performance in the second quarter of 2007. Earnings per share were $0.69, excluding merger charges. Net interest margin was 3.82% and return on assets was 1.43%. Credit quality remained strong, with nonperforming assets at 0.62% of loans and net charge-offs at 0.23% of average loans. Regions also made good progress integrating its merger with AmSouth, exceeding cost savings targets and successfully converting branches in Alabama and Florida.
Bank of America acquired Merrill Lynch in a $50 billion deal in September 2008 during the financial crisis. Merrill Lynch was struggling with huge losses from subprime mortgage exposures. The deal was hastily completed in 2 days under pressure from the government. While it stabilized markets initially, losses for both companies mounted in subsequent months. Bank of America's stock lost over 90% of its value. Merrill Lynch continued facing lawsuits over mortgage securities. The long-term impact of the deal remains unclear given Merrill Lynch's volatile financial performance in addressing huge prior write-offs.
Waking Up To A World Currency - tna - Sept 27 2010miscott57
This letter discusses the Obama administration's decision to sue Arizona over its new immigration law but not California, even though California has a similar law. The writer notes that California Penal Code Section 834b requires law enforcement to verify immigration status and notify federal authorities, which is similar to provisions in Arizona's law. The letter questions why the administration is not also suing California given that it has a comparable law.
The document proposes four multi-trillion dollar paths to a thriving America: 1) Sovereign money or debt-free money, 2) Land value taxation (Georgism), 3) Public banking, and 4) Ending government financial asset hoarding. Each path is estimated to be worth over $1 trillion per year. The document then provides more details on sovereign money, land value taxation, and public banking. It argues that sovereign money could fund infrastructure and social programs without inflation. It explains how land value, not buildings, determines home values and proposes taxing land values instead of wages and sales. It also outlines the benefits of public banking compared to private banks, using the Bank of North Dakota as an example
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
Please find attached our annual review with our compliments. This is a sample of the high quality content our subscribers receive each week. Take your free trial at bloombergbriefs.com
This document contains a summary of positive housing market data from the previous week and an outlook on upcoming economic data releases. It notes that existing home prices rose 10% year-over-year and in most metropolitan areas. While conditions remain favorable for home sales, more construction is needed to relieve pressure in the market. The following week will see releases of inflation, housing starts, and existing home sales data. Mortgage rates remain low but Treasury yields have risen, putting pressure on mortgage-backed securities.
After trillions of dollars in taxpayer funds, cheap loans and other forms of direct and indirect support, the biggest banks are bigger and more complex than ever; and for all the talk of newfound caution and tougher regulation, their recent record reveals an undiminished commitment to the kind of risky practices that inflate short-term profits when they go right but hold the potential to decimate the economy when they go wrong.
This document provides information about the Commodity Supplemental Food Program (CSFP), which provides a free monthly box of nutritious food to low-income seniors, young children, and postpartum women. The program is available to those living in Milwaukee, Jefferson, Ozaukee, Rock, and Waukesha counties with household incomes at or below 130% of the federal poverty level. The food boxes are delivered to senior centers, residences, and food pantries each month for participants or proxies to pick up. The program helps improve nutrition and makes ends meet for tight budgets.
United Health Group [PDF Document] Notes to the Consolidated Financial Statem...finance3
UnitedHealth Group is a national leader in forming and operating health care markets. It offers health care access, coverage, and related administrative and technology services. The document provides details on the company's accounting policies and procedures, including how it recognizes revenues, estimates medical costs, classifies assets and liabilities, and accounts for acquisitions. In 2001, the company acquired Spectera, a vision care benefits company, and in 1999 acquired Dental Benefit Providers and Worldwide Clinical Trials.
This document discusses six ways that companies can do corporate social responsibility (CSR): 1) Cause promotion where companies support social causes through funding, donations, or raising awareness; 2) Cause-related marketing where companies partner with non-profits for mutual benefit; 3) Corporate social marketing which uses business resources to promote behavior change; 4) Corporate philanthropy where companies donate funds, time, or talent without direct benefit; 5) Community volunteering where employees contribute their time and skills; 6) Examples are provided for each type including The Body Shop's support for environmental causes and Aircel's partnership with wildlife organizations in India.
The document discusses the security risks posed by using mobile devices to access and share documents. While email sent from mobile devices is routed through a firm's email server, documents accessed and edited on mobile devices can expose metadata when shared externally. The document recommends automated metadata removal applications that support multiple device types and formats, integrate easily, and operate transparently on a firm's network to mitigate mobile security risks.
Supply chain horror stories are becoming common, with high-impact events taking their toll on global lines of supply. But there is a much wider spectrum of potential disasters that would send investors running for
safety, says Achilles' Dan Quinn.
The Department of Resources and Economic Affairs (DREA) newsletter provides updates on projects and activities in the 2nd quarter of FY2012. Key points include:
1) DREA completed deployment of 3 fish aggregating device anchors to support fishing. Staff are monitoring the anchors.
2) Workshops were held in 5 villages to improve farming skills and understanding of agriculture topics.
3) A livestock and poultry survey was conducted to account for all animals in Kosrae, as required every 5 years.
4) Export of Kosrae agricultural produce increased in volume and value compared to the previous quarter.
The document summarizes several conservation projects and activities undertaken by the Conservation Society of Pohnpei in early 2012, including:
1) An annual bird survey conducted on Pohnpei and Ant Atoll in partnership with the University of Missouri.
2) The addition of 4 new species to Pohnpei's freshwater fauna by French scientists surveying the island's streams.
3) The completion of a strategic action plan by Pohnpei's Division of Fish and Wildlife to guide conservation law enforcement over the next three years.
4) A youth environmental awareness program involving a school garden project that received support from the U.S. Ambassador to Pohnpei.
This document provides an overview and financial highlights for First Financial Bankshares for the 2nd quarter of 2018. It discusses the company's operations in Texas including its focus on growth markets in Dallas/Fort Worth and Houston. Financial metrics are presented showing growth in assets, deposits, loans, and profitability over time. Regional leadership and expansion strategies are also reviewed.
Investment banking project on Bank of America -Merrill LynchPankaj Gaurav
• Working model to serve the client
• Integrated operating model
• Lines of businesses
• Activities in global commercial banking
• Investment banking activities
• Details of advisory services in recent Deal in M&A, IPO issue
California and Southwest Distressed Real Estate: How Much Debt is in Distress...Ryan Slack
While signs of hope could be seen in the broader economy, the commercial real estate market continues to struggle with rising default rates and falling property values. Many borrowers have started handing back property keys to lenders. The distressed loan market is becoming more active but has not yet reached the scale of the underlying problem. Banks remain hesitant to sell large portfolios, so the FDIC currently dominates the market and more bank failures are expected to add to the volume of distressed debt available.
This document summarizes previous research on the effects of bank loan-loss reserve (LLR) announcements and identifies gaps in the existing literature. Specifically:
1. Previous studies found mixed effects of LLR announcements on stock prices, with some finding positive effects and others finding mixed or no effects.
2. Most previous studies focused narrowly on announcements in mid-1987 around Citicorp's large LLR addition, providing a limited perspective.
3. Questions remain about whether effects differ for money-center banks versus regional banks, and whether announcements have contagion effects on other banks.
Kansas bid process economic dimensions final 10 16-09krgc
The document discusses how the economic recession of 2007-2009 significantly altered the environment for casino gaming and negatively impacted many major gaming companies. This changed environment reduced the number of qualified bidders for the remaining Lottery Gaming Facility licenses in Kansas from three to one in each zone. With only one bidder now, the state is disadvantaged as it loses bargaining power to extract "sweeteners" from competing bids that could enhance the value of the winning proposals. The underlying economic value of the gaming licenses, however, has not changed significantly.
Ep. #21: December 2019 - Da Real Estate Braddahs LIVELane Kawaoka, PE
The document provides information about the IRS cracking down on abusive syndicated conservation easements. The IRS is conducting coordinated examinations and investigations involving billions of dollars of potentially inflated deductions. They are investigating various parties involved in marketing these abusive easements. The IRS reminds taxpayers that certain syndicated conservation easements are listed transactions subject to penalties, and that taxpayers should amend returns to remove improper contributions.
Regions Bank reported solid financial performance in the second quarter of 2007. Earnings per share were $0.69, excluding merger charges. Net interest margin was 3.82% and return on assets was 1.43%. Credit quality remained strong, with nonperforming assets at 0.62% of loans and net charge-offs at 0.23% of average loans. Regions also made good progress integrating its merger with AmSouth, exceeding cost savings targets and successfully converting branches in Alabama and Florida.
Bank of America acquired Merrill Lynch in a $50 billion deal in September 2008 during the financial crisis. Merrill Lynch was struggling with huge losses from subprime mortgage exposures. The deal was hastily completed in 2 days under pressure from the government. While it stabilized markets initially, losses for both companies mounted in subsequent months. Bank of America's stock lost over 90% of its value. Merrill Lynch continued facing lawsuits over mortgage securities. The long-term impact of the deal remains unclear given Merrill Lynch's volatile financial performance in addressing huge prior write-offs.
Waking Up To A World Currency - tna - Sept 27 2010miscott57
This letter discusses the Obama administration's decision to sue Arizona over its new immigration law but not California, even though California has a similar law. The writer notes that California Penal Code Section 834b requires law enforcement to verify immigration status and notify federal authorities, which is similar to provisions in Arizona's law. The letter questions why the administration is not also suing California given that it has a comparable law.
The document proposes four multi-trillion dollar paths to a thriving America: 1) Sovereign money or debt-free money, 2) Land value taxation (Georgism), 3) Public banking, and 4) Ending government financial asset hoarding. Each path is estimated to be worth over $1 trillion per year. The document then provides more details on sovereign money, land value taxation, and public banking. It argues that sovereign money could fund infrastructure and social programs without inflation. It explains how land value, not buildings, determines home values and proposes taxing land values instead of wages and sales. It also outlines the benefits of public banking compared to private banks, using the Bank of North Dakota as an example
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
Please find attached our annual review with our compliments. This is a sample of the high quality content our subscribers receive each week. Take your free trial at bloombergbriefs.com
This document contains a summary of positive housing market data from the previous week and an outlook on upcoming economic data releases. It notes that existing home prices rose 10% year-over-year and in most metropolitan areas. While conditions remain favorable for home sales, more construction is needed to relieve pressure in the market. The following week will see releases of inflation, housing starts, and existing home sales data. Mortgage rates remain low but Treasury yields have risen, putting pressure on mortgage-backed securities.
After trillions of dollars in taxpayer funds, cheap loans and other forms of direct and indirect support, the biggest banks are bigger and more complex than ever; and for all the talk of newfound caution and tougher regulation, their recent record reveals an undiminished commitment to the kind of risky practices that inflate short-term profits when they go right but hold the potential to decimate the economy when they go wrong.
This document provides information about the Commodity Supplemental Food Program (CSFP), which provides a free monthly box of nutritious food to low-income seniors, young children, and postpartum women. The program is available to those living in Milwaukee, Jefferson, Ozaukee, Rock, and Waukesha counties with household incomes at or below 130% of the federal poverty level. The food boxes are delivered to senior centers, residences, and food pantries each month for participants or proxies to pick up. The program helps improve nutrition and makes ends meet for tight budgets.
United Health Group [PDF Document] Notes to the Consolidated Financial Statem...finance3
UnitedHealth Group is a national leader in forming and operating health care markets. It offers health care access, coverage, and related administrative and technology services. The document provides details on the company's accounting policies and procedures, including how it recognizes revenues, estimates medical costs, classifies assets and liabilities, and accounts for acquisitions. In 2001, the company acquired Spectera, a vision care benefits company, and in 1999 acquired Dental Benefit Providers and Worldwide Clinical Trials.
This document discusses six ways that companies can do corporate social responsibility (CSR): 1) Cause promotion where companies support social causes through funding, donations, or raising awareness; 2) Cause-related marketing where companies partner with non-profits for mutual benefit; 3) Corporate social marketing which uses business resources to promote behavior change; 4) Corporate philanthropy where companies donate funds, time, or talent without direct benefit; 5) Community volunteering where employees contribute their time and skills; 6) Examples are provided for each type including The Body Shop's support for environmental causes and Aircel's partnership with wildlife organizations in India.
The document discusses the security risks posed by using mobile devices to access and share documents. While email sent from mobile devices is routed through a firm's email server, documents accessed and edited on mobile devices can expose metadata when shared externally. The document recommends automated metadata removal applications that support multiple device types and formats, integrate easily, and operate transparently on a firm's network to mitigate mobile security risks.
Supply chain horror stories are becoming common, with high-impact events taking their toll on global lines of supply. But there is a much wider spectrum of potential disasters that would send investors running for
safety, says Achilles' Dan Quinn.
The Department of Resources and Economic Affairs (DREA) newsletter provides updates on projects and activities in the 2nd quarter of FY2012. Key points include:
1) DREA completed deployment of 3 fish aggregating device anchors to support fishing. Staff are monitoring the anchors.
2) Workshops were held in 5 villages to improve farming skills and understanding of agriculture topics.
3) A livestock and poultry survey was conducted to account for all animals in Kosrae, as required every 5 years.
4) Export of Kosrae agricultural produce increased in volume and value compared to the previous quarter.
The document summarizes several conservation projects and activities undertaken by the Conservation Society of Pohnpei in early 2012, including:
1) An annual bird survey conducted on Pohnpei and Ant Atoll in partnership with the University of Missouri.
2) The addition of 4 new species to Pohnpei's freshwater fauna by French scientists surveying the island's streams.
3) The completion of a strategic action plan by Pohnpei's Division of Fish and Wildlife to guide conservation law enforcement over the next three years.
4) A youth environmental awareness program involving a school garden project that received support from the U.S. Ambassador to Pohnpei.
This document provides an overview and financial highlights for First Financial Bankshares for the 2nd quarter of 2018. It discusses the company's operations in Texas including its focus on growth markets in Dallas/Fort Worth and Houston. Financial metrics are presented showing growth in assets, deposits, loans, and profitability over time. Regional leadership and expansion strategies are also reviewed.
This document provides an unaudited financial summary for the 1st quarter of 2013 and includes forward-looking statements. It discusses First Financial Bank's expansion in Texas through both acquisitions and organic growth. Key metrics provided include total assets of $4.5 billion, total deposits of $3.6 billion, and total loans of $2.1 billion as of March 31, 2013 or the end of the 1st quarter. The bank has experienced consistent growth in assets, deposits, and loans in recent years through its expansion strategy and presence in high growth Texas markets.
This document provides an overview of First Financial Bankshares' performance in the first quarter of 2018. Some key points:
- First Financial is a $7.6 billion financial holding company based in Abilene, Texas with 128 years of history and 11 separate regions.
- It has experienced strong growth, with total assets increasing to $7.567 billion as of March 31, 2018.
- The company focuses on markets in Texas that are experiencing high population growth, such as the Dallas/Fort Worth and Houston areas.
- It has a strategy of acquiring banks that fit with its regional community banking model and have potential for earnings growth. An example given is the 2018 acquisition of Commercial State Bank of
This document provides an unaudited summary of financial information for the 1st quarter of 2014 and includes forward-looking statements. It discusses First Financial Bank, a $5.3 billion financial holding company based in Abilene, Texas with 12 separate regions across the state. The summary highlights the bank's growth strategy, expansion into new markets, recent acquisitions, and increasing deposits and loans over time.
This document provides an unaudited financial summary for the 2nd quarter of 2013. It includes information on total assets, deposits, loans, and other financial metrics. It also contains forward-looking statements about the company's expectations and assumptions, and notes that actual results could differ materially from expectations due to various risks and uncertainties. The company operates in West Central Texas through 12 separate regions and has experienced growth in recent years through acquisitions and de novo branch expansion.
This document provides an overview and summary of First Financial Bankshares' financial performance for the third quarter of 2018. It discusses the bank's size and footprint across Texas, recent acquisitions and expansion efforts, growth in key metrics like assets, deposits, and loans over time. It also provides breakdowns of the loan portfolio and highlights the bank's management team. The document contains forward-looking statements and identifies risk factors that could impact financial results.
This document provides an overview of First Financial Bank for the 2nd quarter of 2014. It includes a forward-looking statement noting that numbers are unaudited and actual results may differ. The rest of the document discusses who First Financial Bank is, their recognitions and performance awards, what makes them unique through their regional structure, an acquisition that expanded their footprint, their focus on the growing Texas market, recent growth and de novo branches, leadership team, asset and deposit growth performance, and deposit product mix.
This document provides an overview and summary of First Financial Bankshares' financial performance for the 1st quarter of 2015. It includes the following key points:
- Revenue, deposits, assets, and loans have all increased year-over-year for 2015. Total assets are now over $6 billion.
- The bank has a diversified loan portfolio with over 60% in real estate loans and less than 20% in commercial loans.
- Management discusses recent acquisitions that expand the bank's geographic footprint in high growth areas of Texas.
- First Financial is well positioned for continued growth with a strong capital position and experienced regional leadership throughout its markets in central and western Texas.
This document provides an unaudited financial summary for the 4th quarter of 2014 and includes forward-looking statements. It discusses First Financial Bank, a $5.8 billion financial holding company based in Abilene, Texas with 12 regions across the state. The bank has experienced strong growth in assets, deposits, and accounts. It operates in high growth markets in Texas and seeks to expand through strategic acquisitions like its 2013 purchase of Orange Bank & Trust.
This document provides an overview of First Financial Bankshares' financial performance for the 2nd quarter of 2015. It discusses the bank's acquisition of Conroe Bank and 4Trust Mortgage, highlights its operations in growing markets in Texas, and provides statistics on its loan portfolio, deposit growth, and other financial metrics. The document contains forward-looking statements and identifies risk factors that could affect actual future results.
This document provides an unaudited summary of financial results for First Financial Bankshares for the fourth quarter of 2018. It discusses the bank holding company's profile including its size, regional structure, and growth markets. It also recognizes the bank's performance and community involvement. The document outlines risks associated with forward-looking statements and provides details on recent acquisitions and expansion efforts.
This document provides an overview of First Financial Bank's performance in the 3rd quarter of 2014. It begins with standard disclaimer statements about forward-looking statements and the preliminary nature of the numbers. It then discusses First Financial's history and footprint as a $5.6 billion financial holding company with 12 regions across Texas. Several accolades and awards for performance and growth are also mentioned.
First Financial Bankshares reported its financial results for the 4th quarter and full year 2013. The bank saw continued growth in assets, loans, deposits and earnings. Nonperforming assets remained low at 1.16% of loans and foreclosed assets, below peer averages. Return on equity has ranked the bank highly in several industry surveys. The bank operates in high growth markets in Texas through a regional business model and seeks further expansion through acquisitions and de novo branching.
This document provides an overview of First Financial Bankshares, Inc. for the first quarter of 2019. It discusses the company's history and growth strategy, including acquisitions. Key metrics are presented for various regions and markets. Biographies of executive management and senior management are also included. The document contains forward-looking statements and recognizes uncertainties that could impact projections.
This document provides an overview and financial summary of First Financial Bankshares for the 4th quarter of 2017. It includes 3 sentences:
First Financial is a $7.3 billion financial holding company based in Abilene, Texas with 127 years of history and growth markets including areas around Dallas, Fort Worth, and Houston. The document discusses First Financial's financial performance for 2017 including growth in assets, deposits, loans and accounts as well as credit quality and profitability. It also provides an overview of the company's markets, management team, products, and recent acquisitions.
California foreclosure expert Steve Dexter previews his April 5th 2008 seminar on foreclosures. To register for the seminar please visit www.womensinvestclub.com. Learn more about Steve Dexter at www.california-foreclosure-expert.com
- First Financial Bankshares is a $7 billion financial holding company headquartered in Abilene, Texas with 127 years of history and 10 separate regions.
- They have experienced strong growth in both assets and deposits in recent years through acquisitions and de novo branching in high growth markets in Texas.
- Asset quality remains strong with nonperforming assets well below peer levels, demonstrating sound underwriting practices.
The document provides an overview of First Financial Bankshares' financial performance for the third quarter of 2013. It summarizes that total assets reached $5.1 billion, deposits grew to $4 billion, and loans increased to $2.6 billion. The bank has experienced strong growth through acquisitions and expansion into new markets in Texas, which has a fast growing population and business environment. Senior management has decades of banking experience, and the regional president model has been successful in each market.
First Financial Bankshares provides a quarterly report summarizing its financial performance for 2nd Quarter 2019. It discusses its business profile as an $8 billion financial holding company with 129 years of history and growth markets in Texas. The report highlights the bank's deposit and loan growth, expansion into new markets, and experienced management team. Financial metrics show increasing assets, deposits, accounts, and loans driven by both organic growth and acquisitions.
Similar to First financial 1st qtr 2011 final (20)
First Financial Bankshares provides a quarterly report summarizing its financial performance and business operations. The report discusses the company's expansion into new markets through acquisitions and de novo branches, recognition for its customer service programs, and executive leadership team. It highlights the company's growth strategy in high-population areas of Texas and provides market share data for its various banking regions across the state.
First Financial Bankshares provides a quarterly report for 1st quarter 2020. It is a $9.7 billion financial holding company based in Abilene, Texas with 130 years of history and a focus on growth markets within a 50 mile radius of major Texas cities. The report discusses the company's financial performance for 1st quarter 2020, including its asset growth, deposit growth, account growth, and loan portfolio growth over previous years. It also provides an overview of its regional leadership and expansion strategies.
The document provides information from First Financial Bankshares' 2020 annual shareholders' meeting. It includes details on the executive management team, board of directors, financial performance from 2019, and First Financial Trust's growth. Some key points:
- First Financial Bankshares reported $164.8 million in earnings for 2019, its 33rd consecutive year of increased earnings.
- Total assets grew to $8.26 billion in 2019, loans increased to $4.22 billion, and deposits grew to $6.6 billion.
- First Financial Trust's assets under management increased to $4.86 billion in 2019, with revenue reaching $28.4 million.
- The meeting recognized retiring and new board members
First Financial Bankshares provides a quarterly report for the 4th quarter of 2019. It discusses the bank's financial performance including growth in total assets to $8.3 billion. It highlights expansion in key Texas markets through both acquisitions and de novo branches. The report provides an overview of the bank's management team and regional leadership as well as growth in deposits, accounts, and loans across various categories.
This document provides an overview of First Financial Bankshares, Inc. for the 3rd quarter of 2019. It includes the following key points:
- It contains unaudited numbers as of September 30, 2019 and includes forward-looking statements that are based on management's beliefs and assumptions. Actual results could differ materially from expectations.
- First Financial is an $8.1 billion financial holding company headquartered in Abilene, Texas with 129 years of history and a regional banking model focused on growth markets around Dallas, Fort Worth, and Houston.
- The company has been recognized as a top performing bank for customer service and financial education programs, as well as receiving other awards for performance and community
The document provides information about First Financial Bank's executive management team, board of directors, and financial performance in 2018 and the first quarter of 2019. It summarizes that First Financial had strong earnings growth, outperforming its peers in key metrics like return on assets and equity. Total assets, loans, and deposits all increased significantly from 2013 to 2018.
This document provides information from First Financial's 2018 Annual Shareholders' Meeting, including:
- Biographies and experience of executive management and regional CEOs/presidents.
- Details on the board of directors, including their experience and committee appointments.
- An overview of First Financial's financial performance in 2017, including earnings growth, return on equity, asset growth, and loan/deposit growth.
- Highlights of First Financial's financial results for the first quarter of 2018, continuing trends of earnings growth, return on assets, and balance sheet growth.
- An acquisition of Commercial State Bank of Kingwood that closed in January 2018, adding over $300 million in assets.
This document provides an overview of First Financial Bankshares, Inc. for the 2nd quarter of 2017. It discusses the company's size and regional structure across Texas, provides details on recent acquisitions and de novo growth, and recognizes the company for various awards. Key metrics and information are provided on the company's performance, markets, and management team.
This document provides an overview of First Financial Bankshares Inc. for the first quarter of 2017. It includes the following key points:
- First Financial is a $6.9 billion financial holding company headquartered in Abilene, Texas with 127 years of history and operations across 11 regions.
- The company has received several awards and recognitions for its financial education and community programs.
- It has a unique regional banking model with consolidated back-office operations but regional presidents running local operations.
- Recent acquisitions and growth have expanded the company's footprint in high-growth areas like the DFW and Houston regions.
- Executive management and regional leadership have extensive experience in the banking
This document provides information from First Financial's 2017 Annual Shareholder Meeting. It includes details on executive management and board members, 2016 financial performance summaries, 1st quarter 2017 results, trust and asset management business updates, recent expansion activities, and stock performance information. The meeting highlights 30 consecutive years of increased earnings, continued strong asset quality, growth across business lines, and total returns exceeding 12% annually for shareholders over the past 5 years.
This document provides an overview of First Financial Bankshares' financial performance for the 4th quarter of 2016. It discusses the company's growth in assets, deposits, accounts, and loans over recent years. It also provides details on the bank's markets, management team, loan portfolio composition, and asset quality. Specifically, total assets grew to $6.8 billion in 2016. Deposits increased to $5.19 billion. The loan portfolio grew to $3.35 billion while maintaining strong credit quality, with non-performing assets at just 0.86% of total assets. The document highlights the bank's expansion into new markets in Texas and focus on commercial and residential real estate lending.
This document provides an overview of First Financial Bankshares' financial performance for the 3rd quarter of 2016. It discusses the company's growth in total assets, deposits, loans, and accounts. Key metrics highlighted include a 21.1% population growth in Texas, expansion into new markets, recent acquisitions, and a stable loan portfolio with low oil and gas exposure. Regional presidents and an experienced management team are noted as strengths in running the company's decentralized business model.
This document provides an overview of First Financial Bankshares Inc. for the 2nd quarter of 2016. It begins with forward-looking statements and disclosures. It then introduces First Financial as a $6.6 billion financial holding company based in Abilene, Texas with 11 regions across the state. The document discusses recent recognitions for financial performance and community programs. It provides an overview of expansion activities, including recent acquisitions and de novo branch openings across Texas. Finally, it introduces the experienced regional and executive management team.
This document provides an overview of First Financial Bankshares' financial performance for the first quarter of 2016. Some key points:
- As of March 31, 2016, total assets were $6.525 billion, total deposits were $5.19 billion, and total loans were $3.351 billion.
- The bank has experienced steady growth in assets, deposits, and loans in recent years through both acquisitions and organic growth.
- The bank operates in high-growth markets in Texas and has over 250,000 accounts across 126 years of operations.
- Leadership is highly experienced with regional presidents and CEOs having on average over 30 years in the banking industry.
The document provides information from First Financial Bankshares' 2016 Annual Shareholder Meeting. It includes lists of executive management and their years of experience. It also provides information on the board of directors, independent auditors, financial performance in 2015 and the first quarter of 2016, and an acquisition of First Bank, N.A. in Conroe, Texas.
This document provides an overview of First Financial Bankshares, Inc. for the 4th quarter of 2015. It begins with a forward-looking statement noting that numbers are unaudited and certain statements could be considered forward-looking. It then provides information on who First Financial is, their recognitions, what makes them different through their regional structure, their markets in Texas, recent acquisitions and growth, management team, financial performance on assets, deposits, loans, and credit quality, and summaries of their bond and loan portfolios. The document aims to provide high-level context on First Financial for investors.
This document provides an overview of First Financial Bankshares, Inc. for the third quarter of 2015. It discusses the company's size and geographic footprint, recent acquisitions including a bank in Conroe, Texas and a mortgage company, growth opportunities in Texas markets, executive leadership, and experienced regional CEOs and presidents. The summary highlights the company's $6.5 billion size, 13-region structure across growing Texas markets, recent acquisitions expanding its presence, and experienced leadership team.
This document provides an overview of First Financial Bank's annual shareholder meeting in 2015. It includes information on senior management, regional CEOs and presidents, board of directors, auditors, and financial performance highlights for 2014 and the first quarter of 2015. Key details include 28 consecutive years of increased earnings, continued growth in assets, loans, and deposits, and sound capital ratios and credit quality. The acquisition of First Bank of Conroe and 4Trust Mortgage are also announced.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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SUSTAINABLE INVESTING UNVEILED: THE ROLE OF BOND RATINGS IN GUIDING GREEN BON...indexPub
The increasing urgency to address climate change has propelled sustainable investing into the spotlight, with green bonds emerging as a pivotal instrument for mobilizing the capital required for environmental projects. This study delves into the critical role that bond ratings play in guiding investments in green bonds, shedding light on how these ratings influence investor confidence and the allocation of funds towards sustainable initiatives. By employing a mixed-methods approach, combining quantitative analysis of green bond performance with qualitative interviews from industry experts, this research offers a comprehensive overview of the interplay between bond ratings and green bond investments. The findings suggest that higher bond ratings, often indicative of lower risk and better sustainability credentials, significantly impact the attractiveness of green bonds to investors. Additionally, the study examines the evolution of rating criteria to encompass environmental, social, and governance (ESG) factors, highlighting the shift towards more holistic assessments of investment risk and potential. This research contributes to the broader discourse on sustainable finance by providing insights into the mechanisms through which bond ratings can facilitate more informed and impactful green bond investments.
2. Forward Looking Statement
The numbers, as of and for the three months ended March 31, 2011, contained within this presentation
are unaudited as well as amounts related to the Company’s stock trading volume. 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.
3. Who We Are
$3.8 billion financial holding company
headquartered in Abilene, Texas
Group of 11 separately chartered banks
121 year history
Growth markets include 50 mile radius of
the larger cities of Texas
2
5. Recognitions
KBW Honor Roll – One of Forty banks named – March 2011
SNL Financial top publicly traded community bank and sixth
overall – March 2011
Ranked #2 in Texas and #7 in the United States by J.D. Power
and Associates 2011 Retail Banking Customer Satisfaction
Study – April 2011
4
6. What Makes Us Different
One Bank, Eleven Charters Concept
One Bank
Consolidation of backroom operations (lower efficiency ratio)
Agency agreements (customers may use any of our 52 locations)
Eleven Community Bank Charters
Bank Presidents run their banks
Local Boards – Movers and Shakers of the Community
Keep our banks locally focused
Make sure we meet the needs of the community
Help us make better loan decisions
Help us market the bank
Up to $2.75 million of FDIC insurance available
5
7. Huntsville Acquisition
Acquired November 2010
Huntsville, Texas
37,000 Residents
Sam Houston State University – 17,000 Students
Fastest Growing University in Texas
Headquarters of the Texas Department of Criminal Justice – 5,000 employees
Strategically located on Interstate 45 – 70 miles north of Houston
$176 million in Assets*
$153 million in deposits
$91 million in loans
Approximately 1.63x book; 10.8x last twelve months earnings (tax effected)
Huntsville acquisition is very similar to our model around Dallas/Fort Worth
and provides diversification
#2 Market Share in Walker County – 21%
*As of March 31, 2011
6
8. FFIN’s Unique Positioning in Texas
Bank Key Markets
BBVA Compass Rio Grande, Gulf Coast, Houston, Dallas, El Paso, Lubbock
Comerica, Inc. DFW, Austin, Houston, California, Michigan, Florida, Mexico
Encore Bancshares Houston, Florida
Frost San Antonio, Austin, Corpus Christi, DFW, Rio Grande
International Bancshares Corp. Rio Grande, Houston, San Antonio, Oklahoma
Prosperity Houston, DFW, Austin
Southside East Texas
Sterling (announced acquisition by Comerica) Houston, San Antonio, Dallas
Texas Capital DFW, Austin, San Antonio and Houston
ViewPoint Financial Dallas
Zion DFW and Houston
7
10. Texas: Large and Growing
Five most populous states:* Growth
(2000 – 2009)
California 37.0 million 9.1%
Texas 24.8 million 18.8%
New York 19.5 million 3.0%
Florida 18.5 million 16.0%
Illinois 12.9 million 4.0%
* U.S. Census Bureau
9
11. Target Markets – Population Growth
Population growth (2000-2009) in FFIN expansion markets:*
Texas 18.8%
Bridgeport & Wise County 21.8%
Fort Worth / Tarrant County 23.8%
Cleburne, Midlothian & Johnson County 23.8%
Weatherford, Willow Park, Aledo 29.9%
Granbury & Hood County 25.2%
Stephenville & Erath County 9.6%
* U.S. Census Bureau
10
13. Core Markets: West Central Texas
Markets served benefiting from well-established,
long- time customers
ASSET DEPOSIT MARKET
BANK LOCATIONS
SIZE* MARKET SHARE** SHARE RANK**
First Financial Bank $1,228 M 14 43% 1
(Abilene, Clyde, Moran, Albany, Odessa)
First Financial Bank $168 M 1 45% 1
(Hereford)
First Financial Bank $189 M 3 51% 1
(Eastland, Ranger, Rising Star)
First Financial Bank $160 M 4 36% 1
(Sweetwater, Roby, Trent, Merkel)
First Financial Bank $390 M 2 19% 2
(San Angelo)
* Data as of 03-31-11
TOTALS $2,135M 24 ** Data as of 06-30-10
12
14. Expansion Markets
DEPOSIT MARKET MARKET SHARE
BANK ASSET SIZE* LOCATIONS
SHARE** RANK**
First Financial Bank $284 M 6 18% 2
(Cleburne, Burleson, Alvarado, Midlothian, Crowley)
First Financial Bank $303 M 3 7% 5
(Southlake, Trophy Club, Keller,
3 14% 3
Bridgeport, Decatur, Boyd)
First Financial Bank $337 M 7 22% 2
(Stephenville, Granbury, Glen Rose, Acton)
First Financial Bank $398 M 7 26% 1
(Weatherford, Aledo, Willow Park, Brock, Ft. Worth)
First Financial Bank $200 M 1 33% 1
(Mineral Wells)
First State Bank $176 M 1 21% 2
(Huntsville)
* Data as of 03-31-11
TOTALS $1,698 M 28 ** Data as of 06-30-10
13
15. Recent De Novo Growth
Cisco: Branch of Eastland – Expected to Open July 2011
Lamesa: Office of Trust Company – April 2011
Crowley: Branch of Cleburne – October 2010
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
14
16. Senior Management at First Financial
Years with Company Years in Industry
Scott Dueser
Chairman of the Board, President & 35 40
Chief Executive Officer
J. Bruce Hildebrand, CPA
Executive Vice President 9 33
Chief Financial Officer
Gary L. Webb
Executive Vice President 9 23
Operations
Gary S. Gragg
Executive Vice President 20 32
Credit Administration
Marna Yerigan
Executive Vice President 1 25
Credit Administration
Michele Stevens
Senior Vice President 15 31
Advertising and Marketing
Courtney Jordan
Senior Vice President 3 18
Training & Education
Kirk Thaxton, CTFA
President, First Financial Trust & Asset 24 27
Management
15
17. Experienced Bank CEOs & Presidents
Years with Company Years in Industry
Ron Butler, FFB Abilene 18 29
Mike Mauldin, FFB Hereford 8 33
J.V. Martin, FFB Sweetwater 22 41
Kirby Andrews, FFB Sweetwater 20 23
Tom O’Neil, FFB Eastland 12 31
Mike Boyd, FFB San Angelo 35 38
Matt Reynolds, FFB Cleburne 6 29
Ron Mullins, FFB Stephenville 5 32
Doyle Lee, FFB Weatherford 15 39
Jay Gibbs, FFB Weatherford 9 37
Mark Jones, FFB Southlake 10 33
Ken Williamson, FFB Mineral Wells 9 39
Robert Pate, FFB Huntsville 14 30
Gaye Clements, FFB Huntsville 9 27
Gary Tucker, First Technology Services 20 36
16
18. Asset Performance
Growth in Total Assets (in millions)
$3,776 $3,828
$3,212 $3,279
$3,070
$2,850
2006 2007 2008 2009 2010 2011
*As of March 31, 2011
17
19. Deposit Growth
Growth in FFIN Total Deposits (in millions)
$3,113 $3,132
$2,583 $2,685
$2,546
$2,384
$2,154 $2,163
$1,786 $1,849
$1,807
$1,699
$797 $836 $959 $969
$685 $739
2006 2007 2008 2009 2010 2011
Non Interest Bearing Interest Bearing *As of March 31, 2011
18
20. Deposit Products
Savings Time
6.6% 25.6%
Demand
30.9%
Money
Market
36.9%
*As of March 31, 2011
19
21. Loan Performance
Growth in FFIN Total Loans (in millions)
$1,690 $1,682
Real Estate $1,528 $1,566 $1,514
$1,373
$1,289
Commercial
$990 $1,012
$836 $855
$860
Student $760
$677
Consumer
$394 $391 $429
$330 $344 $406 $407
Agricultural
$37 $31 $32 $52
$0
$160 $165 $182 $191 $175 $191 $199
$85 $73 $84 $77 $73 $81 $64
2005 2006 2007 2008 2009 2010 2011
*As of March 31, 2011
20
22. Overview of Loan Portfolio
Commercial
24.2%
Agriculture
3.8%
Consumer
11.8%
Real Estate
60.2%
*As of March 31, 2011
21
23. Breakdown of R/E Loan Portfolio
Residential
Development &
Construction
6.4%
1-4 Family
35.8%
Other R/E
22.8%
Commercial
Development and
Construction
3.7%
Commercial R/E
31.3%
*As of March 31, 2011
22
24. Loan to Deposit Ratio
2005 2006 2007 2008 2009 2010 2011
End of
Period 54.5 57.6 60.0 60.6 56.4 54.3 53.7
Average
57.6 56.6 59.8 61.1 59.5 56.0 54.2
Balances
*As of March 31, 2011
23
25. Variable and Fixed Rate Loans
Loan Portfolio Interest Rate Risk Analysis
Variable
Fixed Rate
Rate
Less than 1 to 3 3 to 5 5 to 10 10 to 15 Over 15
1 year years years years years years
36.7% 12.2 15.7% 18.9% 7.3% 6.9% 2.3%
*As of March 31, 2011
24
26. Sound Lending Practices
Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers)
2006 2007 2008 2009 2010 2011*
First
Financial 0.30% 0.31% 0.80% 1.46% 1.53% 1.44%
Peer Group 0.60% 0.98% 2.62% 5.38% 5.58% Not available
*As of March 31, 2011
25
27. Allowance for Loan Losses and Provision for Loan Losses
(in thousands)
$32,501
$31,106
$27,612
$21,529
$17,462
$16,201
$14,719
$11,419
$7,957 $8,962
$1,320 $2,061 $2,331 $2,127
2005 2006 2007 2008 2009 2010 2011
ALLL Provision
*As of March 31, 2011
26
28. Summary of Bond Portfolio
Treasuries
Corporates
0.95% Agencies 2.66%
18.13%
CMOs
27.93%
Muni
34.79%
MBSs
15.54%
*As of March 31, 2011
27
29. Municipal Allocation by State
State Percentage
Texas 55.42%
Michigan 6.41%
Wisconsin 5.64%
Washington 2.64%
Illinois 2.63%
Massachusetts 2.50%
New Jersey 2.36%
Kentucky 2.08%
Louisiana 1.82%
California 1.78%
Utah 1.60%
Minnesota 1.60%
*As of March 31, 2011
Other 38 states 13.52%
28
30. Growth in Trust Assets
Total Trust Assets – Book Value (in millions)
$1,830
$1,784
$1,631 $1,664
$1,428
$1,300
2006 2007 2008 2009 2010 2011
29
31. Total Trust Fees
Growth in FFTAM Fees (Full year and 1st 3 months) (in thousands)
$10,808
$9,441
$9,083
$8,746
$7,665
thru
March 31st
$3,044
$2,369 $2,526
$1,847 $2,010 $2,117
2006 2007 2008 2009 2010 2011
30
32. 24th Consecutive Year of Increased Earnings
FFIN Earnings (Full year and 1st 3 months) (in millions)
$59.7
$1.3
$53.1 $53.8
$49.5
$46.0
$16.3
$13.2 $13.7 $13.7
$11.5 $11.5
2006 2007 2008 2009 2010 2011
31
34. FFIN Outperforms Peers
Percentage Return on Average Assets
1.82% 1.80% 1.72% 1.74% 1.75%
1.68% 1.72%
1.12% 1.15% 1.10%
0.87%
First Financial
Peer Group
0.29%*
-0.03% -0.18%
2004 2005 2006 2007 2008 2009 2010
*(thru Dec. 31st)
33
35. Strong Return on Capital
Percentage Return on Average Equity
16.15% 16.20% 15.87%
15.09% 15.27%
13.63% 13.74%
13.11% 13.33% 12.61%
9.45%
First Financial
Peer Group
1.59%*
-1.83% -2.51%
2004 2005 2006 2007 2008 2009 2010
*(thru Dec. 31st)
34
36. Capital & Capital Ratios
(dollars in thousands)
2007 2008 2009 2010 2011*
Shareholders’
Equity 335,495 368,782 415,702 441,688 456,215
As a Percent of Total
10.93 11.48 12.68 11.70 11.92
Assets
Tangible
270,288 304,779 352,550 369,164 383,803
Capital
Tier 1
9.23 9.68 10.69 10.28 10.03
Leverage Ratio
Tier 1 Risk
14.65 15.89 17.73 17.01 17.60
Based Capital Ratio
Risk Based
15.62 17.04 19.10 18.26 18.86
Capital Ratio
*As of March 31, 2011
35
38. Working Harder and Smarter
Efficiency Ratio (FFIN vs. Peers)
2005 2006 2007 2008 2009 2010 2011
First
Financial 52.48% 53.57% 52.83% 50.76% 50.11% 49.49% 49.07%
Peer Group 60.12% 61.29% 63.12% 68.12% 69.53% 66.79% not available
37
39. Total Return on Investment
Assume you owned 1,000 shares of FFIN stock on January 1, 2010…
Stock cost in January 2010 $54,230
Dividend received ($1.36 x 1,000 shares) $ 1,360
Decrease in stock price during 2010 ($2,980)
$2210,720
($54.23 to $51.25 X 1,000 shares)
2010 return on investment -2.99%
2009 return on investment 0.69%
2008 return on investment 50.20%
2007 return on investment -7.05%
2006 return on investment 22.76%
5 year average return 10.50%
38
40. Strong Stock Performance
40.00%
30.00%
20.00%
10.00%
0.00%
-10.00%
-20.00%
-30.00%
-40.00%
-50.00%
-60.00% Jan . ‘07 June ‘07 Dec ‘07 June ‘08 Dec ‘08 June ‘09 Dec . ‘09 June ‘10 Mar. ’11
FFIN S&P 500 NASDAQ Dow Jones
39
41. Challenges
Proposed Legislation from Washington
Keep nonperforming assets to a minimum
Maintain net interest margin
Lower efficiency ratio
40