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2. 1
Forward Looking Statement
The numbers, as of and for the three-months and six-months ended June 30, 2018, contained within
this presentation are unaudited. Certain statements contained herein may be considered โforward-
looking statementsโ as defined in the Private Securities Litigation Reform Act of 1995. These
statements are based upon the belief of the Companyโs management, as well as assumptions made
beyond information currently available to the Companyโs management and, may be, but not
necessarily are identified by such words as โexpectโ, โplanโ, โanticipateโ, โtargetโ, โforecastโ and
โgoalโ. Because such โforward-looking statementsโ 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 Companyโs 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 Companyโs reports filed with the Securities and Exchange
Commission, which may be obtained under โInvestor Relations-Documents/Filingsโ on the Companyโs
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. 22
Who We Are
๏$7.7 billion financial holding company
headquartered in Abilene, Texas
๏Group of 11 separate regions
๏128 year history
๏Growth markets include 50 mile radius of
Dallas, Fort Worth, and Houston
5. Recognitions โ Financial Exploitation Prevention Program
๏ Philadelphia Federal Reserve Presentation โ December 2017
๏ Texas Bankers Association Cornerstone Award for Day of
Service โ May 2017
๏ Texas Bankers Association 2016 Leaders in Financial Education
Award โ May 2016
๏ House Investments and Financial Services Committee โ March 2016
๏ Texas Senate Committee on Business and Commerce โ Jan. 2016
๏ AARP Roundtable Discussion โ November 2015
๏ ABA Foundation Community Commitment Award โ November 2015
๏ White House Conference on Aging โ July 2015
4
6. 55
Other Recognitions
๏ KBW Honor Roll โ One of sixteen banks named โ April 2018
๏ Raymond James Community Bankers Cup #2, One of 28 banks
namedโ March 2018
7. 66
What Makes Us Different
One Bank, Eleven Regions Concept
๏ One Bank
๏ง Consolidation of backroom operations, technology, and
compliance (lower efficiency ratio)
๏ Eleven Regions
๏ง Regional Presidents run their regions
๏ง Local Boards โ Movers and Shakers of the Community
๏ถ Keep our regions locally focused
๏ถ Make sure we meet the needs of the community
๏ถ Help us make better loan decisions
๏ถ Help us market the region
8. 77
FFINโs Unique Positioning in Texas
Bank Key Markets
Allegiance Houston
CBTX Beaumont, Houston
Comerica DFW, Austin, Houston, California, Michigan, Florida, Mexico
Frost San Antonio, Austin, Corpus Christi, DFW, Rio Grande, West Texas
Green Houston, Austin, Dallas
Guaranty Dallas, East Texas, Bryan
Independent North and Central Texas
International Bancshares Rio Grande, Houston, San Antonio, Oklahoma
Legacy Texas Dallas
Origin Bancorp Dallas, Louisiana
Prosperity Houston, DFW, Austin, West Texas, South Central Texas, and Oklahoma
Southside East Texas
Spirit of Texas Houston, DFW, College Station, Central Texas
Texas Capital DFW, Austin, San Antonio, and Houston
Triumph Dallas
Veritex Dallas
9. 8
๏ Consummated January 1, 2018
๏ 4 Branches in Kingwood, El Campo, Fulshear, Palacios
๏ $390.2 million in Assets as of December 31, 2017
๏ง $345.9 million in deposits
๏ง $271.5 million in loans
๏ 1.23% Return on Assets in 2016
๏ $59.4 million purchase price represents 13.78x last twelve months earnings
๏ Commercial Bankshares, Inc. paid a special dividend totaling $22.3 million prior
to closing of transaction
๏ Kingwood acquisition is consistent with our acquisition model of high growth
areas, strong management and excellent earnings opportunity
๏ Provides diversification and fits well into our footprint
๏ Management and Board share same values to outstanding customer service
Commercial State Bank - Kingwood Acquisition
8
11. 1010
Texas: Large and Growing
Five most populous states:* Growth
(2006 โ 2016)
California 39.3 million 9.1%
Texas 27.9 million 19.3%
Florida 20.6 million 13.4%
New York 19.7 million 3.1%
Illinois 12.8 million 1.3%
* U.S. Census Bureau
12. 1111
Target Markets โ Population Growth
Population growth (2006-2016) in FFIN expansion markets:*
Texas 19.3%
Bridgeport & Wise County 13.5%
Fort Worth & Tarrant County 21.5%
Cleburne & Johnson County 11.7%
Weatherford, Willow Park, Aledo & Parker County 23.6%
Granbury & Hood County 31.1%
Stephenville & Erath County 18.0%
Conroe & Montgomery County 41.3%
* U.S. Census Bureau
13. 1212
Core Markets: West Central Texas
๏ Markets served benefiting from well-established,
long- time customers
REGION
ASSET
SIZE*
LOCATIONS
DEPOSIT
MARKET SHARE**
MARKET
SHARE RANK**
First Financial Bank
(Abilene, Clyde, Moran, Albany, Odessa
Eastland, Ranger, Rising Star, Cisco,
Sweetwater, Roby, Trent, Merkel)
$2,499M 23 51% 1
First Financial Bank
(Hereford)
$198M 1 44% 1
First Financial Bank
(San Angelo)
$740M 2 25% 1
TOTALS $3,437M 26
* Data as of 06-30-18
** Data as of 6-30-17
14. 1313
Expansion Markets โ Dallas / Fort Worth Area
REGION ASSET SIZE* LOCATIONS
DEPOSIT MARKET
SHARE**
MARKET SHARE
RANK**
First Financial Bank
(Cleburne, Burleson, Alvarado)
(Midlothian, Waxahachie)
$514M 4
2
19%
13%
2
4
First Financial Bank
(Southlake, Trophy Club, Keller, Grapevine)
(Bridgeport, Decatur, Boyd)
$503M 4
3
5%
21%
5
2
First Financial Bank
(Stephenville, Mineral Wells, Granbury, Glen Rose, Acton)
$822M 7 28% 1
First Financial Bank
(Weatherford, Aledo, Willow Park, Brock)
$587M 6 22% 1
First Financial Bank
(Fort Worth)
$111M 1 0.25% 29
TOTALS $2,537M 27
* Data as of 03-31-18
** Data as of 6-30-17
15. 1414
Expansion Markets โ Houston Area
REGION ASSET SIZE* LOCATIONS
DEPOSIT MARKET
SHARE**
MARKET SHARE
RANK**
First Financial Bank
(Orange, Mauriceville, Vidor)
(Newton, Port Arthur, Beaumont)
$600M 3
3
42%
3%
1
8
First Financial Bank
(Conroe, Magnolia, Cut and Shoot, Montgomery, Huntsville,
Willis, Tomball, New Waverly)
(Market Share for Huntsville, Conroe, Magnolia, Cut and
Shoot, Montgomery and Willis Only)
$673M 9 10% 5
First Financial Bank
Kingwood โ Montgomery County
El Campo โ Wharton County
Fulshear โ Fort Bend County
Palacios โ Matagorda County
$362M 4
1%
9%
-
12%
11
4
32
3
$1,635M 19 * Data as of 03-31-18
** Data as of 6-30-17
16. 1515
Recent De Novo Growth
๏ Grand Parkway (Spring): Branch of Conroe โ Expected Opening 1st Quarter 2019
๏ Orange: New Building โ Expected Opening 1st Quarter 2019
๏ New Waverly: Branch of Huntsville โ August 2014 (New Building โ Expected Opening 1st Quarter 2019)
๏ Beaumont: Branch of Orange โ August 2014
๏ Weatherford: I-20 Branch โ June 2013
๏ Waxahachie: Branch of Cleburne โ December 2012
๏ Abilene: Antilley Road Branch โ September 2012
๏ Grapevine: Branch of Southlake โ March 2012
๏ Cisco: Branch of Eastland โ September 2011 (New Building โ Opened August 2016)
๏ Lamesa: Office of Trust Company โ April 2011
๏ Odessa: Branch of Abilene โ February 2010 (New Building โ Opened September 2016)
๏ Fort Worth: Branch of Weatherford โ February 2010
๏ Odessa: Office of Trust Company โ April 2009
๏ Merkel: Branch of Sweetwater โ July 2008
๏ Brock: Branch of Weatherford โ March 2008
๏ Acton: Branch of Stephenville โ March 2008
๏ Albany: Branch of Abilene โ May 2007
๏ Fort Worth: Office of Trust Company โ April 2007 (New Building โ Opened May 2016)
17. 16
Years with Company Years in Industry
Scott Dueser
Chairman of the Board, President &
Chief Executive Officer
42 47
Ron Butler
Executive Vice President
Chief Administrative Officer
25 36
Tim Collard
Executive Vice President
Lending
16 37
Troy Fore
President
First Financial Mortgage
3 37
Gary S. Gragg
Executive Vice President
Chief Lending Officer
27 39
J. Bruce Hildebrand, CPA
Executive Vice President
Chief Financial Officer
15 39
Monica Houston
Executive Vice President
Retail Banking & Training
23 23
Executive Management at First Financial
16
18. 17
Years with Company Years in Industry
Luke Longhofer
Executive Vice President
Chief Credit Officer
7 15
Randy Roewe
Executive Vice President
Chief Risk Officer
2 25
Michele Stevens
Executive Vice President
Advertising and Marketing
20 35
Kirk Thaxton, CTFA
President
First Financial Trust & Asset Management
31 35
Mike Wilson
Executive Vice President
Chief Information Officer
- 21
Marna Yerigan
Executive Vice President
Lending
7 34
Executive Management at First Financial
17
19. 18
Years with Company Years in Industry
Brandon Harris
Senior Vice President
Appraisal Services
3 16
Larry Kentz
Senior Vice President & Compliance Officer
Compliance
3 36
J. Kyle McVey
Senior Vice President
Chief Accounting Officer
7 9
Senior Management at First Financial
18
20. Experienced Regional CEOs & Presidents
Years with Company Years in Industry
Marelyn Shedd, Abilene 27 34
David Bailey, Eastland 14 14
Joseph Crouch, Sweetwater - 16
Mike Mauldin, Hereford 15 40
Chris Evatt, San Angelo 17 17
Austin Elsner, Cleburne 1 17
Trent Swearengin, Stephenville 18 20
Jay Gibbs, Weatherford 16 43
Justin Hooper, Weatherford 13 24
Mark Jones, Southlake 17 40
Stephen Lee, Southeast Texas Region 4 28
Sam Baker, Conroe 2 41
Robert Pate, Huntsville 20 37
Martin Noto, Fort Worth 2 34
Johnny Brooks, Kingwood - 35
19
28. 2727
Oil & Gas Portfolio Analysis
Oil & Gas Supplemental Information (dollars in thousands)
December 31, 2017 June 30, 2018
Oil & Gas Loans 60,164 103,381
% of Total Loans 1.72% 2.68%
Classified Oil & Gas Loans 20,346 5,001
Non Accrual Oil & Gas Loans 1,414 1,629
Quarter Ended Net Charge-offs - -
ALLL of % of Oil & Gas 7.90% 3.48%
29. 2828
2013 2014 2015 2016 2017 2018*
End of
Period 65.0 61.8 64.6 61.8 58.7 62.1
Average
Balances
64.3 64.1 63.0 64.9 61.0 60.6
Loan to Deposit Ratio
*As of June 30, 2018
30. 2929
2013 2014 2015 2016 2017 2018
First
Financial 1.16% 0.74% 0.90% 0.86% 0.57% 0.73%*
Peer Group 2.71% 1.92% 1.32% 1.05% 0.86% 0.85%**
Sound Lending Practices
Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers)
*As of June 30, 2018
**As of March 31, 2018
31. 3030
Less than 1
year
1 to 2 years 3 to 5 years 6 to 10 years
Over 10
years
40.08% 14.61% 31.05% 10.93% 3.33%
Loan Repricing
Loan Portfolio Interest Rate Risk Analysis
*As of June 30, 2018
42. 4141
2014 2015 2016 2017 2018*
Shareholdersโ
Equity 681,537 804,986 837,885 922,768 985,628
As a Percent of Total
Assets
11.65 12.08 12.30 12.72 12.82
Tangible
Capital
584,178 660,537 694,282 781,625 810,443
Tier 1
Leverage Ratio
9.89 9.96 10.71 11.09 11.14
Common Equity
Tier 1 Capital Ratio
16.05 15.90 17.30 18.66 18.68
Tier 1 Capital Ratio 16.05 15.90 17.30 18.66 18.68
Total
Capital Ratio
17.16 16.97 18.45 19.85 19.81
Capital & Capital Ratios
(dollars in thousands)
*As of June 30, 2018
44. 4343
2013 2014 2015 2016 2017 2018
First
Financial 50.20% 49.24% 47.61% 49.22% 49.26% 50.57%*
Peer Group 67.87% 66.94% 63.92% 62.83% 61.01% 60.86%**
Working Harder and Smarter
Efficiency Ratio (FFIN vs. Peers)
*For the 6 months ended
June 30, 2018
**For the 3 months
ended March 31, 2018
45. 4444
Stock cost in January 2017 $45,200
Dividend declared ($0.75 x 1,000 shares) $ 750
Decrease in stock price during 2017
($45.20 to $45.05 X 1,000 shares)
-$150
2017 return on investment 1.33%
2016 return on investment 52.14%
2015 return on investment 3.05%
2014 return on investment -7.96%
2013 return on investment 72.11%
5 year compound average return 12.36%
Total Return on Investment
19.89%
Assume you owned 1,000 shares of FFIN stock on January 1, 2017โฆ
47. Increased Cash Dividend
๏ Announced at shareholder meeting on April 24, 2018
๏ Increased cash Dividend by $0.02 to $0.21 per quarter โ 10.5% increase
๏ 2018 Dividend effective July 2, 2018. - $0.82
46
49. Improvements for 2018
๏ Improve our interest rate margin
๏ Grow loans and deposits
๏ Grow mortgage and trust
๏ Increase our fee income
๏ Control expenses
๏ Continue to improve credit quality
๏ Make another acquisition
48