3rd Quarter 2014

Forward Looking Statement

The numbers, as of and for the quarter and nine months ended September 30, 2014, contained within

this presentation are unaudited. Certain statements contained herein may be considered “forward-

looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These

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.

2

Who We Are

$5.6 billion financial holding company

headquartered in Abilene, Texas

Group of 12 separate regions

124-year history

Growth markets include 50 mile radius of

the larger cities of Texas

3

Recognitions

Sandler O’Neil Bank & Thrift Small-Cap All Stars – September

2014

American Banker - #11 – Based on three year average Return on

Equity – August 2014

ABA Banking Journal - #8 – Top Performing mid-sized banks

($1B - $10B) – May 2014

2014 Proven Performers Award Winner – Bank Intelligence

Solutions

KBW Honor Roll – One of thirty-one banks named – April 2014

SNL Financial #7 Best Performing Regional Bank – April 2014

Nifty 50: Bank Director Magazine - #12 – Based on Return on

Equity / Average Tangible Equity – January 2014

4

5

What Makes Us Different

One Bank, Twelve Regions Concept

One Bank

Consolidation of backroom operations, technology, and

compliance (lower efficiency ratio)

Twelve Regions

Regional Presidents run their regions

Local Boards – Movers and Shakers of the Community

Keep our regions locally focused

Make sure we meet the needs of the community

Help us make better loan decisions

Help us market the region

6

FFIN’s Unique Positioning in Texas

Bank Key Markets

Comerica, Inc. DFW, Austin, Houston, California, Michigan, Florida, Mexico

Frost San Antonio, Austin, Corpus Christi, DFW, Rio Grande, West Texas

Independent North and Central Texas

International Bancshares Corp. Rio Grande, Houston, San Antonio, Oklahoma

Prosperity Houston, DFW, Austin, West Texas, South Central Texas, and Oklahoma

Southside East Texas

Texas Capital DFW, Austin, San Antonio, and Houston

ViewPoint Financial Dallas

7

Orange Acquisition

Effective May 31, 2013

Orange, Jefferson and Newton Counties

Approximately 350,000 Residents

Strategically located on Interstate 10 – 100 miles east of Houston

Three Major Shipping Ports for Energy and Petrochemical industries

Large refineries, natural gas terminals and recent investment from large

Fortune 500 Companies, such as Exxon Mobil, DuPont and Goodyear

$443.8 million in Assets*

$386 million in deposits

$293.3 million in loans

Approximately 1.3x book; 13x last twelve months earnings (tax effected)

Orange acquisition is consistent with our acquisition model of high growth areas

and along the Interstates

Provides Diversification

#1 Market Share in Orange County – 40%, more than twice the nearest competitor

*As of May 31, 2013

8

9

Texas: Large and Growing

Five most populous states:* Growth

(2002 – 2012)

California 38.0 million 8.3%

Texas 26.1 million 19.7%

New York 19.6 million 2.2%

Florida 19.3 million 15.9%

Illinois 12.9 million 2.2%

* U.S. Census Bureau

10

Target Markets – Population Growth

Population growth (2002-2012) in FFIN expansion markets:*

Texas 19.7%

Bridgeport & Wise County 24.6%

Fort Worth & Tarrant County 25.8%

Cleburne & Johnson County 31.8%

Weatherford, Willow Park, Aledo & Parker County 29.6%

Granbury & Hood County 31.8%

Stephenville & Erath County 22.6%

* U.S. Census Bureau

11

Texas Benefits

State unemployment rate at 5.1%, state’s lowest rate

since November 2008

Only Texas and New York have restored all the jobs

lost when recession hit in 2007

CEO Magazine ranks Texas best state for business –

for seventh consecutive year

Texas created more jobs (310,000) during the prior

twelve months, more than any other state

Texas created more private sector jobs than any other

state during the past decade

Core Markets: West Central Texas

Markets served benefiting from well-established,

long- time customers

REGIONASSET

SIZE*LOCATIONS

DEPOSIT

MARKET SHARE**

MARKET

SHARE RANK**

First Financial Bank

(Abilene, Clyde, Moran, Albany, Odessa)

$1,857M 15 48% 1

First Financial Bank

(Hereford)

$160M 1 42% 1

First Financial Bank

(Eastland, Ranger, Rising Star, Cisco)

$229M 4 66% 1

First Financial Bank

(Sweetwater, Roby, Trent, Merkel)

$177M 4 36% 1

First Financial Bank

(San Angelo)

$586M 3 19% 2

TOTALS $3,009M 27 * Data as of 09-30-14

** Data as of 06-30-14

12

Expansion Markets

REGION ASSET SIZE* LOCATIONSDEPOSIT MARKET

SHARE**

MARKET SHARE

RANK**

First Financial Bank

(Cleburne, Burleson, Alvarado)

(Midlothian, Waxahachie)

$367M 4

2

20%

4%

2

6

First Financial Bank

(Southlake, Trophy Club, Keller, Grapevine)

(Bridgeport, Decatur, Boyd)

$390M 4

3

5%

19%

5

3

First Financial Bank

(Stephenville, Granbury, Glen Rose, Acton)

$439M 6 22% 2

First Financial Bank

(Weatherford, Aledo, Willow Park, Brock, Ft. Worth)

$427M 7 23% 1

First Financial Bank

(Mineral Wells)

$252M 1 38% 1

First Financial Bank

(Huntsville, New Waverly)

$176M 2 19% 2

First Financial Bank

(Orange, Mauriceville, Vidor)

(Newton, Port Arthur, Beaumont)

$483M 3

3

41%

10%

1

5

TOTALS $2,534M 35* Data as of 09-30-14

** Data as of 06-30-14

13

Recent De Novo Growth Lubbock: Office of Trust Company – September 2014

New Waverly: Branch of Huntsville – August 2014

Beaumont: Branch of Orange – August 2014

Weatherford: I-20 Branch – June 2013 (New Building Under Construction – Opening 1st Qtr. 2015)

San Angelo: HEB Branch – March 2013

Waxahachie: Branch of Cleburne – December 2012

Abilene: Antilley Road Branch – September 2012

Grapevine: Branch of Southlake – March 2012

Cisco: Branch of Eastland – September 2011

Lamesa: Office of Trust Company – April 2011

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 (Building New Building – Opening 2nd Qtr. 2015)

14

Fort Worth – Forest Park Blvd. and Rosedale

15

Fort Worth – Forest Park Blvd. and Rosedale

16

Years with Company Years in Industry

Scott DueserChairman of the Board, President &

Chief Executive Officer

38 43

J. Bruce Hildebrand, CPAExecutive Vice President

Chief Financial Officer

12 36

Gary L. WebbExecutive Vice President

Operations

12 26

Gary S. GraggExecutive Vice President

Credit Administration

24 36

Marna YeriganExecutive Vice President

Credit Administration

4 30

Ron ButlerExecutive Vice President

Chief Administrative Officer

22 33

Senior Management at First Financial

17

Years with Company Years in Industry

Michele Stevens

Senior Vice President

Advertising and Marketing

16 32

Monica Houston

Senior Vice President

Training

20 20

Larry Kentz

Senior Vice President & Compliance Officer

Compliance

1 35

Luke Longhofer

Senior Vice President & Loan Review Officer

Credit Administration

3 10

Brandon Harris

Senior Vice President

Appraisal Services

2 15

Kirk Thaxton, CTFA

President, First Financial Trust & Asset

Management

28 31

Senior Management at First Financial

18

Experienced Regional CEOs & PresidentsYears with Company Years in Industry

Marelyn Shedd, Abilene 23 31

Mike Mauldin, Hereford 12 37

Kirby Andrews, Sweetwater 24 27

Trent Swearengin, Eastland 15 17

Mike Boyd, San Angelo 39 42

Tom O’Neil, Cleburne 16 34

Ron Mullins, Stephenville 8 36

Jay Gibbs, Weatherford 13 40

Mark Jones, Southlake 14 37

Ken Williamson, Mineral Wells 13 43

Robert Pate, Huntsville 17 33

Fred Wren, Huntsville 2 35

Stephen Lee, Southeast Region 7 25

Gary Tucker, First Technology Services 24 40

19

20

$3,279

$3,776

$4,121

$4,502

$5,222

$5,576

2009 2010 2011 2012 2013 2014

Growth in Total Assets

Asset Performance

(in millions)

*As of Sept. 30, 2014

21

$836 $959 $1,102 $1,312 $1,362 $1,506

$1,849$2,154

$2,233$2,321

$2,773$2,958

2009 2010 2011 2012 2013 2014

Non Interest Bearing Interest Bearing

Deposit Growth

Growth in FFIN Total Deposits (in millions)

$4,464

$2,685

$3,113$3,335

$3,633

$4,135

*As of Sept. 30, 2014

22

Deposit Products

Time14.9%

Demand33.7%

Money Market40.3%

Savings11.1%

*As of Sept. 30, 2014

Account Growth

Net Growth in 2011 – 4,036 Accounts

Net Growth in 2012 – 1,219 Accounts

Net Growth in 2013 – 3,308 Accounts*

Net Growth in 2014 – 9,573 Accounts

December 31,

2011

December 31,

2012

December 31,

2013*

September 30,

2014

Total Number of

Accounts

204,063 205,282 208,590 233,500

23

*(Excluding Orange Acquisition)

$73 $81 $66 $68 $76 $87

$175 $191 $218 $273 $334 $358

$406 $429 $427 $510

$590 $605

$860 $990 $1,076

$1,238

$1,689 $1,790

2009 2010 2011 2012 2013 2014

Real Estate

Commercial

Consumer

Agricultural

Loan Performance

Growth in FFIN Total Loans (in millions)

$1,514

$1,690$1,787

$2,089

$2,840

24

$2,689

*As of Sept. 30, 2014

25

Overview of Loan Portfolio

Commercial 21.3%

Agriculture3.1%

Consumer12.6%

Real Estate63.0%

*As of Sept. 30, 2014

Residential Development & Construction

7.3%

1-4 Family 46.7%

Commercial Development and

Construction3.2%

Commercial R/E 28.3%

Other R/E 14.5%

26

Breakdown of R/E Loan Portfolio

*As of Sept. 30, 2014

27

2009 2010 2011 2012 2013 2014

End ofPeriod 56.4 54.3 53.6 57.5 65.0 63.6

Average

Balances59.5 56.0 54.6 56.4 64.3 64.6

Loan to Deposit Ratio

*As of Sept. 30, 2014

28

Less than

1 year

1 to 3

years

3 to 5

years

5 to 10

years

10 to 15

years

Over 15

years

35.8% 4.2% 4.9% 14.7% 18.6% 12.8% 9.0%

Variable and Fixed Rate Loans

Loan Portfolio Interest Rate Risk Analysis

Variable

RateFixed Rate

*As of Sept. 30, 2014

2009 2010 2011 2012 2013 2014

FirstFinancial 1.46% 1.53% 1.64% 1.22% 1.16% 0.83%*

Peer Group 5.41% 5.37% 4.59% 3.67% 2.71% 2.35%**

Sound Lending Practices

Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers)

29

*As of Sept. 30, 2014

**As of June 30, 2014

30

$27,612

$31,106

$34,315 $34,839 $33,900$36,388

$11,419$8,962

$6,626

$3,484 $3,753 $3,710

2009 2010 2011 2012 2013 2014

ALLL Provision

Allowance for Loan Losses and Provision for Loan Losses

(in thousands)

*As of Sept. 30, 2014

Summary of Bond Portfolio

Agencies 5.08%

Corporates 4.26%

Muni 21.90%

MBSs 20.05%

CMOs48.69%

Treasuries 0.02%

31

*As of Sept. 30, 2014

Municipal Allocation by State

State Percentage

Texas 71.71%

Wisconsin 2.57%

Michigan 2.57%

Ohio 2.38%

Washington 2.14%

New York 1.65%

Illinois 1.59%

Florida 1.36%

Colorado 1.34%

Massachusetts 1.16%

Louisiana 1.15%

New Jersey 1.13%

Other 38 states 9.25%

32

*As of Sept. 30, 2014

33

$1,664$1,783

$1,912

$2,233

$2,465

$2,719

2009 2010 2011 2012 2013 2014

Growth in Trust Assets

Total Trust Assets – Book Value (in millions)

*As of Sept. 30, 2014

34

$9,083

$10,808

$12,671

$14,464

$16,317

$6,570

$7,904

$9,520

$10,848 $11,884

$13,897

2009 2010 2011 2012 2013 2014

thru

Sept. 30th

Total Trust Fees

Growth in FFTAM Fees (Full year and 1st 9 months) (in thousands)

$53.8

$59.7

$68.4

$74.2$78.9

$41.3$44.1

$50.9$55.9 $57.6

$66.9

2009 2010 2011 2012 2013 2014

27th Consecutive Year of Increased Earnings

FFIN Earnings (Full year and 1st 9 months) (in millions)

35

thru

Sept. 30th

36

$0.86$0.95

$1.09

$1.18$1.24

$0.66 $0.71

$0.81 $0.89 $0.91

$1.05

2009 2010 2011 2012 2013 2014

Strong Shareholder Earnings

Basic Earnings Per Share (Full year and 1st 9 months)

thru

Sept. 30th

*Per share amounts reflect the 2 for 1 stock split that was announced April 22 and distributed on June 2, 2014.

1.72% 1.75% 1.78% 1.75%1.64%

-0.18%

0.24%

0.80%

0.98%1.04%

2009 2010 2011 2012 2013

FFIN Outperforms Peers

Percentage Return on Average Assets

Pe

er

Gro

up

Fir

st

Fin

an

cia

l

37

13.63% 13.74%14.44%

13.85% 13.75%

-2.57%

0.88%

7.27%

8.56% 8.89%

2009 2010 2011 2012 2013

Strong Return on Capital

Percentage Return on Average EquityP

ee

r G

rou

p

Fir

st

Fin

an

cia

l

38

39

2010 2011 2012 2013 2014*

Shareholders’Equity 441,688 508,537 556,963 587,647 658,765

As a Percent of Total

Assets11.70 12.34 12.37 11.25 11.81

Tangible

Capital369,164 436,415 484,990 490,163 561,336

Tier 1

Leverage Ratio10.28 10.33 10.60 9.84 10.10

Tier 1 Risk

Based Capital Ratio17.01 17.49 17.43 15.82 16.07

Risk Based

Capital Ratio18.26 18.74 18.68 16.92 17.31

Capital & Capital Ratios

(dollars in thousands)

*As of Sept. 30, 2014

3.00%

3.25%

3.50%

3.75%

4.00%

4.25%

4.50%

4.75%

5.00%

2ndQtr. '11

3rdQtr. '11

4thQtr. '11

1stQtr. '12

2ndQtr. '12

3rdQtr. '12

4thQtr. '12

1stQtr. '13

2ndQtr. '13

3rdQtr. '13

4thQtr. '13

1stQtr. '14

2ndQtr. '14

3rdQtr. '14

First Financial Peer Group

Net Interest Margin

Quarterly Interest Margin

40

2009 2010 2011 2012 2013 2014

FirstFinancial 50.11% 49.49% 48.37% 48.14% 50.20% 48.78%*

Peer Group 69.53% 67.33% 65.57% 65.77% 67.73% 66.85%**

Working Harder and Smarter

Efficiency Ratio (FFIN vs. Peers)

41

*As of Sept. 30, 2014

**As of June 30, 2014

Stock cost in January 2013 $19,505

Dividend declared ($0.52 x 1,000 shares) $ 515

Increase in stock price during 2013

($33.06 from $19.51 X 1,000 shares)$2210,720

2013 return on investment 72.11%

2012 return on investment 19.65%

2011 return on investment 0.61%

2010 return on investment -2.99%

2009 return on investment 0.69%

5 year compound average return 14.01%

Total Return on Investment

$13,550

Assume you owned 1,000 shares of FFIN stock on January 1, 2013…

42

*Adjusted for 2 for 1 stock split distributed June 2, 2014.

Dividends Per Share

$0.45 $0.46$0.48 $0.50

$0.52

2009 2010 2011 2012 2013

Annual Dividends Declared Per Share*

43

*Per share amounts reflect the 2 for 1 stock split that was announced April 22 and distributed on June 2, 2014.

Strong Stock Performance

-100.00%

-50.00%

0.00%

50.00%

100.00%

150.00%

FFIN S&P 500 NASDAQ Dow JonesJan . ‘07 Sept. ’14Dec . ‘09Dec ‘07 Dec ‘08 Dec. ‘10 Dec. ’11 Dec. ’12

44

Challenges

Regulatory reform from Washington

Stagnant national economy

Inept federal government

Low interest rate environment

Maintaining net interest margin

Keep nonperforming assets to a minimum

45

Opportunities

Loan Growth

Mortgage Lending

Trust Services

Treasury Management

Mobile Banking

Lower Efficiency Ratio

Potential Acquisitions

46

www.ffin.com