650
EMPLOYEES
2200
TOTAL HOURS
On Columbus Day, October 10, 2016, more
than 650 First Financial associates took part in
a company-wide volunteer initiative: the First
Financial Day of Service. In 27 locations across
the Lone Star state, we volunteered to serve
at a variety of worthy nonprofit groups and
organizations.
From preparing and delivering meals to cleaning,
painting and landscaping, First Financial
associates pulled together to make it a day
dedicated to serving others. What’s more, we
also paid visits to veterans, the homebound
and residents of assisted living facilities in our
communities.
The Day of Service was both a productive and
rewarding day for all involved. We are so grateful
for the opportunity to give back to the Texas
communities where we proudly work and live as
we do throughout the year.
27 BANK LOCATIONS
23 COMMUNITY
Partners Served
A LETTER TO OUR SHAREHOLDERS.
We have always believed that we are
only as good as the communities we
serve; therefore, one of our continuing
goals has been to serve as a catalyst
for improving the quality of life and
economic status of the communities in
our marketplaces. One way we pursued
that goal in 2016 was by designating the
Columbus Day bank holiday (October
10, 2016) as a voluntary Day of Service
for our company.
Under the direction of a group of
young leaders here at the Company,
our Service Improvement Team planned,
organized and executed a one-day event in which
we partnered with local nonprofit organizations to provide
assistance to the senior population in 27 locations across the
First Financial footprint. Projects included meal preparation and
delivery, landscaping, painting, visits to homebound individuals,
collection of food and provision of continued education about the
Bank’s program to prevent financial exploitation. We are so proud
that more than 650 of our employees across the state chose
to use their bank holiday to assist local nonprofits in our senior
communities. It proved to be a truly outstanding Day of Service,
filled not only with hard work and accomplishment but also with
much fun and spirited team building.
FINANCIAL RESULTS
We are pleased that our earnings increased for the 30th
consecutive year, despite continued low interest rates and
commodity prices. However, we are not pleased with our 2016
earnings performance, and truly think that we should have done
better. We are now diligently working on the areas where we
fell short – growing loans, improving our interest rate margin,
increasing fee income, controlling expenses and reducing loan
losses – as well as actively looking for strategic acquisitions to
better utilize our strong capital position and improve earnings.
Net income for 2016 grew 4.4 percent to $104.8 million from
$100.4 million in 2015. Basic earnings per share rose to $1.59
from $1.55. Net interest income, our largest source of revenue,
increased 4.3 percent to $226.8 million from $217.5 million a year
earlier. The persistence of extremely low interest rates continued
to put pressure on our net interest margin, a key profitability
metric that expresses net interest income as a percentage of
average interest-earning assets. Our net interest margin for 2016
decreased to 4.08 percent from 4.12 percent in 2015, but it was
still a very respectable result and placed us in the 92nd percentile
of our peer banks.
The provision for loan losses increased 5.4 percent to $10.2
million from $9.7 million in 2015. The increase was due primarily
to one problem loan on which we realized a $4.3 million loss.
However, credit metrics improved during the year, so that by
December 31, 2016, nonperforming assets as a percentage
of loans and foreclosed assets had decreased to 0.86 percent
from 0.89 percent at year-end 2015. Classified loans totaled
$127.8 million at December 31, 2016, down from $149.4 million
a year earlier. Our oil and gas industry exposure declined
throughout the year, falling to 2.3 percent of total loans at the
end of 2016 from 2.9 percent at the end of 2015. Although
credit metrics in the oil and gas portfolio have improved with the
increase in oil and gas prices, we continue to see some weakness
in this sector.
Noninterest income grew 15.9 percent to $85.1 million from $73.4
million, while noninterest expense rose 10.9 percent to $165.8
million from $149.5 million.
We again outperformed our peer group of banks on several key
financial metrics. Our return on average assets was 1.59 percent
compared with 1.00 percent for our peers. Return on average
equity was 12.36 percent versus our peers’ 9.12 percent. And
our efficiency ratio, which expresses expenses as a proportion of
revenues, was also much better—49.22 percent as opposed to
our peers’ 62.77 percent.
Our balance sheet grew, but at a slower pace than in 2015.
Consolidated assets expanded 2.2 percent to $6.81 billion from
$6.67 billion at the end of 2015. Loans grew 1.0 percent to
$3.38 billion from $3.35 billion. Deposits increased 5.6 percent to
$5.48 billion from $5.19 billion. Shareholders’ equity at year-end
was $837.9 million, up 4.1 percent from $805.0 million.
Lower oil and gas prices continued to impact not only our bank
subsidiary, but also our First Financial Trust & Asset Management
subsidiary. The trust division saw its fees from the oil and gas
sector drop $296,000 during 2016, after having dropped even
more during 2015. However, the division’s total fee income for
2016 grew by $384,000, or 2.0 percent, to $19.6 million. The
increase was due to solid growth in the market and book values
of the assets managed. Total trust assets under management at
year-end reached a book value of $3.37 billion, a 10.1 percent
increase from $3.06 billion a year earlier. The market value of
the portfolio grew 13.5 percent to $4.37 billion from $3.85 billion
in 2015. Net income after tax for the trust company totaled
$7.2 million in 2016, down 3.5 percent from $7.4 million in 2015.
REAL ESTATE ACTIVITIES
In June of 2016, we opened our four-story building in Fort Worth
at the intersection of Forest Park Boulevard and Rosedale Street.
This location just west of downtown houses the bank branch and
the mortgage and trust offices, and gives our customers easy
access from Texas Highway 121 and Interstate 30. In August, we
opened a new facility in Cisco at 2006 Conrad Hilton Boulevard,
and in September, we opened one in Odessa at 3555 Billy Hext
Road. All of these facilities are state-of-the-art and provide our
customers with the latest in banking services.
We continued our strategy of selling our large older facilities, which
no longer meet the needs of today’s banking customers. Our
practice has been to sell some of the buildings at below-market
prices to local municipalities that need extra space. This is a win-
win transaction because the municipalities get the square footage
they need at a very reasonable cost, while we realize tax benefits
from gifting a percentage of the buildings’ value. We then construct
smaller, modern buildings that better meet our customers’ needs
and are much more cost-efficient to maintain. We plan to continue
implementing this strategy during 2017.
In March 2016, we sold our Weatherford downtown location to
Parker County. The management team and the other employees
at this location have moved to a newly expanded and remodeled
College Park facility at 101 College Park Drive. In San Angelo,
we contracted to sell our large downtown facility to the city on
May 1, 2017, demolished the drive-in location a block away, and
are building the new facility on that corner at Concho Avenue and
Koenigham Street. This building, which has been designed to be
the entrance to San Angelo’s Historic District, will open April 30th
of this year. In December 2016, we sold our Orange facility to the
city of Orange, and we are now designing an ultramodern building a
block away, which we expect to occupy in early 2018.
Also last year, we purchased the old Citibank location at 5257
Buffalo Gap in Abilene, and we are remodeling that building to
move our branch and mortgage operations from the leased building
at 4400 Buffalo Gap Road. The new location will provide 21st-
century banking and better access for our mortgage and banking
customers. We will keep our drive-in facility open at 4400 Buffalo
Gap Road so that our customers in south Abilene will have drive-in
locations on both sides of this very busy street.
MANAGEMENT ENHANCEMENTS
One of the many things I am most proud of in this company is the
cadre of young bankers who are ready to move up into positions
of more responsibility. During 2016, we continued the strategy
of moving our young professionals into management positions
to acknowledge their accomplishments, utilize their vitality and
strengths and secure management succession.
In January 2016, Trent Swearengin was promoted to President of
our Stephenville Region after having served as President of our
Eastland Division for the previous four years. Trent has been with
the Company since 2001, serving in a number of positions through
those years. At the same time, David Bailey, our senior lender in
Eastland who has been with the Company for 12 years, became
President of our Eastland Division.
In September of 2016, Jeff Casey was promoted to Executive Vice
President and Chief Digital Officer of our technology company, First
Technology Services, Inc. Jeff has been with the Bank for more
than nine years and has held numerous positions in the technology
company. His promotion reflects the utilization of his expertise to
advance our Internet and mobile technologies.
That same month, Mike Boyd, CEO and Chairman of First Financial
Bank, San Angelo Region, named Chris Evatt as the new President
of the Region. Chris has been with the Bank for more than 16 years
and has held numerous lending positions in Stephenville and
Abilene.
Monica Houston was named Executive Vice President of Retail
Banking and Training in December. Monica began her banking
career 22 years ago as a teller with the Bank, and since then has
held positions in retail, lending, technology and training.
Most recently, in January 2017, Jay Gibbs, Chairman and CEO
of First Financial Bank, Weatherford Region, announced the
promotion of Justin Hooper to President of the Region, where he
was previously senior lender. Justin has been with the Company
more than 14 years; he started as a loan review officer and has
held several lending positions through those years.
We are very excited about our younger group of bankers moving up
the ladder, and we are confident that all of these promotions have
added depth and experience to our overall management team.
LOOKING AHEAD
Although 2016 was one of the most challenging years that we
have experienced in a while, the Texas economy and our local
economies stayed fairly consistent. The escalation of oil and gas
prices certainly helped, but this sector continues to experience
some weakness. We have several initiatives under way to grow
loans and deposits, enhance income and decrease expenses so
that we can continue to deliver solid results in the coming years.
With the presidential election behind us, there seem to be more
banks interested in putting themselves up for sale, and we are
having a number of conversations with potential sellers. As we have
in the past, we are proceeding strategically, searching diligently for
well-managed banks at the right price that fit our culture and will
bring long-term value to our company.
“You First” is our tagline, because we strongly believe that putting
our customers and stockholders first is the only way to properly do
our job. There is no question that we work for you. Thank you for
your business, your ownership and your continued support of this
fine company.
Thank you.
F. Scott Dueser
Chairman, President and CEO
A Letter To Our Shareholders :: Page 5
THE 2017 WALTER JOHNSON AWARD
JULIA JONES MATTHEWS
1918-2016
The Walter Johnson Award is bestowed upon a person who has
contributed greatly and advanced our company to new heights for
customers, shareholders and employees just as Walter Johnson did. The
Award has been given only six times in the last 12 years and is being
bestowed for the seventh time to the Matthews’ family in memory of Julia
Jones Matthews.
This is the first time we have ever selected someone who is not
an employee; however, Judy was the epitome of a loyal customer,
stockholder, tenant and friend who had a great interest in the Company
and was instrumental in helping First Financial become one of the top
banks in the country by improving the economy and quality of life in West
Texas, sending us business and giving her support and encouragement.
She was a lifelong customer from a family who has banked with us for
generations. Although she never served on our Board of Directors, the
family has had Board representation for more than 62 years. Many of our
top customers, both nonprofit and for profit organizations, would not be in existence today if Judy had not helped
them through the tough times and inspired them to succeed.
Judy Matthews forever changed the landscape of West Texas. Over a lifetime of “anonymous” philanthropy, she
rendered a tour de force for her hometown, quietly, exquisitely, selflessly. Her gracious spirit and her generous
heart worked powerful and positive changes among legions throughout this community and beyond. She was the
quintessence of the scriptural verse “It is more blessed to give than to receive.” And so it was.
My fondest memories of Judy are the times when we would have lunch together at Cypress Street Station. I always
had to be well prepared because that morning she had already read the Wall Street Journal, watched the latest news
and was ready to ask questions to make sure I was on my toes. I was always eager to hear her stories about the
history of Abilene, which helped me to understand our roots and the importance of being a catalyst for improvement.
I personally believe that Judy had more influence on the betterment of Abilene than anyone in the history of the City.
Julia Jones Matthews and Walter Johnson were close friends and contemporaries, and I know that he would be
proud that we are bestowing this honor upon her and her family. We will miss her greatly, but she has left us with a
great legacy that will be enjoyed for generations to come.
F. Scott Dueser
Chairman, President and CEO
FIRST FINANCIAL BANK AND TRUST LOCATIONS
Abilene* ............. 325.627.7000
Acton ................. 817.573.6900
Albany ................ 325.627.7953
Aledo ................. 817.341.5200
Alvarado ........... 817.774.5150
Beaumont* ....... 409.600.6456
Boyd .................. 940.683.8760
Bridgeport ........ 940.683.8700
Brock ................. 817.598.2650
Burleson ............ 817.774.5175
Cisco ................. 254.629.6111
Cleburne ........... 817.774.5100
Clyde ................. 325.627.7910
Conroe ............... 936.760.1888
Cut and Shoot.... 936.788.2121
Decatur ............. 940.683.8780
Eastland ............ 254.629.6145
Fort Worth* ........ 817.410.4979
Glen Rose ......... 254.897.4808
Granbury .......... 817.573.6900
Grapevine ......... 817.722.8980
Hereford ............ 806.363.8200
Huntsville .......... 936.295.2224
Keller .................. 817.329.8625
Magnolia............ 936.273.4700
Mauriceville ....... 409.745.3755
Merkel ................ 325.928.1111
Midlothian ........ 972.723.7100
Mineral Wells ..... 940.327.5400
Montgomery ..... 936.597.5997
Moran ............... 325.627.7953
Newton .............. 409.224.7506
New Waverly ..... 936.344.2224
Odessa* ............. 432.367.8910
Orange................ 409.883.3563
409.736.5951
Port Arthur...........
Ranger ...............
254.629.6729
Rising Star............ 254.629.6703
Roby ....................
325.776.2261
San Angelo*......... 325.659.5900
Southlake ............. 817.410.2915
Stephenville*........ 254.965.5036
Sweetwater* ......... 325.235.6600
Tomball .................. 281.516.7835
Trent ....................... 325.862.6121
Trophy Club............. 817.329.8615
Vidor........................ 409.769.8536
Waxahachie ............ 972.723.7156
Weatherford............ 817.598.2500
Willis........................ 936.890.3500
Willow Park ............. 817.598.2780
* Trust Office and Bank location
Walter Johnson Award | Bank Locations :: Page 7
FINANCIAL HIG HLIGH TS
IN THOUSANDS (except for share data)
IN THOUSANDS (except for share data)
FOR THE YEAR
2016
2015
% INCREASE
FOR THE YEAR
2016
2015
% INCREASE
NET INCOME
$104,774
$100,381
4.38%
AT YEAR-END
Basic Earnings (PER SHARE) $1.59
$1.55
Dividends Declared
$46,246
$40,353
Dividends (PER SHARE)
$0.70
$0.62
2.58%
14.60%
12.90%
Assets
Securities
Loans
Deposits
$6,809,931
$6,665,070
2.17%
$2,860,958
$2,734,177
4.64%
$3,384,205
$3,350,593
1.00%
$5,478,539
$5,190,169
5.56%
$6,599,199 $6,223,804
$2,773,941 $2,689,641
$3,333,241 $3,090,538
$5,135,603 $4,906,819
6.03%
3.13%
7.85%
4.66%
Shareholders’ Equity
$837,885
$804,986
4.09%
Book Value Per Share
$12.68
$12.20
3.93%
Trust Assets (Book Value) $3,373,554
$3,059,901
10.25%
AVERAGES
Assets
Securities
Loans
Deposits
Shareholders’ Equity
$847,866
$738,289
14.84%
NET INCOME GROWTH (in thousands)
KEY RATIOS
2016
2015
2012
$74,225
2013
$78,868
2014
$89,559
2015
$100,381
2016
$104, 774
Return On Avg. Assets
1.59%
1.61%
Return On Avg. Equity
12.36%
13.60%
Year-End Equity/Assets
12.30%
12.08%
Efficiency
49.22%
47.61%
RETURN ON AVERAGE EQUITY
EFFICIENCY RATIO
2012
13.85%
2013
13.75%
2014
14.00%
2015
13.60%
2016
12.36%
2012
48.14%
2013
50.19%
2014
49.24%
2015
47.61%
2016
49.22%
SELECTED FINANCIAL DATA
IN THOUSANDS (except for share data)
YEAR-END
TOTAL ASSETS
SHAREHOLDERS’
EQUITY
NET INCOME
BASIC
EARNINGS
(PER SHARE)
CASH
DIVIDENDS
(PER SHARE)
STOCK
DIVIDENDS
AND SPLITS
YEAR-END
BOOK VALUE
(PER SHARE)
YEAR-END
MARKET VALUE
(PER SHARE)
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Ten-Year
Compound
Growth Rate
$3,070,309
$335,495
$49,490
$0.80
$3,212,385
$368,782
$53,164
$0.86
$3,279,456
$415,702
$53,797
$0.86
$3,776,367
$441,688
$59,659
$0.96
$0.42
$0.45
$0.46
$0.46
–
–
–
–
$5.39
$5.91
$6.66
$7.03
$12.55
$18.41
$18.08
$17.09
$4,120,531
$508,537
$68,369
$1.09
$0.48
3/2 split
$8.08
$16.72
$4,502,012
$556,963
$74,225
$1.18
$5,222,208
$587,647
$78,868
$1.24
$0.50
$0.52
–
–
$8.84
$9.18
$19.51
$33.06
$5,848,202
$681,537
$89,559
$1.40
$0.55
2/1 split
$10.63
$29.88
$6,665,070
$804,986
$100,381
$1.55
$6,809,931
$837,885
$104,774
$1.59
$0.62
$0.70
9.10%
10.78%
8.57%
7.95%
5.76%
–
–
–
$12.20
$30.17
$12.68
$45.20
10.11%
12.47%
Adjusted for stock dividends and splits
2015 COMMON STOCK MARKET VALUE AND DIVIDEND DATA
NET INTEREST MARGIN
QUARTER
HIGH
LOW
CLOSE
DIVIDENDS
Fourth
$36.51
$29.56
$30.17
Third
$36.20
$29.21
$31.78
Second
$35.32
$27.16
$34.64
First
$30.17
$24.46
$27.64
$0.16
$0.16
$0.16
$0.14
2012
4.28%
2013
4.22%
2014
4.20%
2015
4.12%
2016
4.08%
2016 COMMON STOCK MARKET VALUE AND DIVIDEND DATA
RETURN ON AVERAGE ASSETS
QUARTER
HIGH
LOW
CLOSE
DIVIDENDS
Fourth
$46.70
$35.05
$45.20
Third
$37.06
$30.95
$36.44
Second
$34.50
$27.72
$32.79
First
$30.75
$24.12
$29.58
$0.18
$0.18
$0.18
$0.16
2012
1.75%
2013
1.64%
2014
1.65%
2015
1.61%
2016
1.59%
Financial Highlights | Selected Financial Data :: Page 9
ABILENE REGION
Abilene | Clyde | Moran | Albany | Odessa | Eastland | Ranger | Rising Star | Cisco | Sweetwater | Merkel | Trent | Roby
SENIOR OFFICERS
Ronald D. Butler II
Chairman and CEO
Marelyn Shedd
President
Kirby N. Andrews
President, Sweetwater Division
David W. Bailey
President, Eastland Division
Tim Collard
Executive Vice President
Commercial Lending
Rodney Foster
Executive Vice President
Senior Lending Officer
Sweetwater
Monica Houston
Executive Vice President
Retail Banking and Training
Janet O’Dell
Executive Vice President
Mortgage Loan Officer
Charles E. Tennesson
Executive Vice President
CFO and Chief Operations Officer
Rick Waldraff
Executive Vice President
Senior Lender / Commercial
Lending
Michael Wolverton
Executive Vice President
Consumer Lending
Jeff Adams
Senior Vice President
Debbie Anthony
Senior Vice President
Vanessa Faz
Senior Vice President
Patty Fuentes
Senior Vice President
Jim Goldston
Senior Vice President
Tony Gorman
Senior Vice President
Jennifer Harper
Senior Vice President
Evan Harris
Senior Vice President
Candi Kanady
Senior Vice President
Bobby Martin
Senior Vice President
Marshall Morris
Senior Vice President
Daniel Neely
Senior Vice President
Corie O’Connor
Senior Vice President
Ryan Parrish
Senior Vice President
Mark Pierce
Senior Vice President
Fernando Quintana
Senior Vice President
Steve Simmel
Senior Vice President
Britt Stuart
Senior Vice President
Dennis Tarrant
Senior Vice President
Steve Waller
Senior Vice President
Gary West
Senior Vice President
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$2,615,211
$990,602
$1,175,019
$36,813
1.51%
Dec. 31, 2016
$2,401,229
$981,633
$1,312,625
$38,214
1.73%
41.22%
42.18%
ABILENE Day of Service
In Abilene, employees split into teams to clean, paint and landscape 4 local senior
centers, collect more than 3,000 lbs. of groceries donated by 4 supermarkets, deliver
gifts to 322 nursing home residents at 6 facilities, deliver care packages to the homes
of local veterans, complete yard work and home repair at 20 residences and present
the Bank’s Fraud Prevention program to 97 foster grandparents.
RONALD D. BUTLER II
Chairman and CEO
MARELYN SHEDD
President
MAIN OFFICE
400 Pine St.
Abilene, TX 79601
325.627.7000
KIRBY N. ANDREWS
President, Sweetwater
Divsion
MAIN OFFICE
201 Elm St.
Sweetwater, TX 79556
325.235.6600
DAVID W. BAILEY
President, Eastland Division
MAIN OFFICE
201 E. Main St.
Eastland, TX 76448
254.629.6100
ABILENE REGION (CONTINUED)
REGIONAL DIRECTORS
Ronald D. Butler II
Chairman and CEO
Marelyn Shedd
President
Kirby N. Andrews
President, Sweetwater Division
David W. Bailey
President, Eastland Division
J. Michael Alexander
President
James M. Alexander & Co.
David Copeland, CPA
President, SIPCO, Inc. and
Shelton Family Foundation
Joe Crawford
President
Abilene Aero, Inc.
Doug Crawley
Rancher, Real Estate
Mike Denny
President
Batjer and Associates
Katie Alford
President and CEO
Community Foundation of Abilene
Murray Edwards
Principal
The Edwards Group
Donna J. Boatright
CEO
Rolling Plains Memorial Hospital
Jeff Branson
General Partner
Williamson-Branson Real Estate
Tucker S. Bridwell
President
Mansefeldt Investment Corp.
Louis Brooks, Jr.
Rancher
Paul Cannon
Shareholder, President
McMahon, Surovik, Suttle, P.C.
Jim Farrar
Attorney
Allan D. Frizzell
Executive Vice President
Enrich Oil Corporation
Jim Keffer
President
EBAA Iron Sales, Inc.
Tim Lancaster
President and CEO
Hendrick Health System
Jay Lawrence
President
MAL Enterprises, Inc.
Ronnie Ledbetter
Owner
Ledbetter Insurance Agency
J.V. Martin
Retired
First Financial Bank President
Kirk Massey
Investments
Larry May
May & Hrbacek CPAs
Stanley Morris, Jr.
Investments
Mike T. Perry
Insurance, Investments
Thomas L. Rees, Jr.
Rees, Rees & Fuller Attorneys
Dale Squiers, RPh
Owner
Dalsan Enterprises
Leigh Taliaferro, M.D.
Physician
EASTLAND Day of Service
SWEETWATER Day of Service
Eastland employees conducted a coat and blanket
drive, delivered Meals on Wheels in 3 markets and
hosted lunch for local caretakers, home-health agencies
and pastors and presented the Bank’s Understanding
Financial Exploitation of the Elderly program to help
prevent crimes against the elderly.
The Sweetwater staff partnered with SNAP (Senior
Nutrition Activities Program) to deliver more than 50
meals to the homebound. They also visited the homes of
7 senior citizens to complete much needed home projects
such as cleaning, landscaping and minor repairs. They
even watered the dog!
Bank Information :: Page 11
CLEBURNE REGION
Cleburne | Burleson | Alvarado | Midlothian | Waxahachie
TOM O’NEIL
Chairman, President and CEO
MAIN OFFICE
200 N Ridgway Dr.
Cleburne, TX 76033
817.774.5100
SENIOR OFFICERS
REGIONAL DIRECTORS
Tom O’Neil
Chairman, President and CEO
Tom O’Neil
Chairman, President and CEO
Dereece Howell
Executive Vice President
Chief Operations Officer
Duane Thomas
Executive Vice President
Senior Lender
Alecia Bland
Senior Vice President
Kim Hamilton
Senior Vice President
Russell Phillips
Senior Vice President
Lisa Roye
Senior Vice President
Chris Schjetnan
Senior Vice President
Stacey Sloan
Senior Vice President
Ray Beavers
Retired
General Manager and CEO
United Cooperative Services
Ronald D. Butler II
First Financial Bankshares, Inc.
Robert Childress III
Childress Engineers
Mark Hill
Utility Construction Consultant
Tim Lyness
Lyness Construction, LP
Dr. Joe Martin
Cleburne Eye Clinic
Jack Scott
Bell-Scott Insurance Group
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$401,160
$217,286
$352,744
$6,899
Dec. 31, 2016
$523,789
$206,104
$475,887
$7,108
1.70%
1.68%
50.67%
50.62%
CLEBURNE Day of Service
Cleburne employees packed 710 bags with more than 7,000 food items and delivered
them through 17 Meals on Wheels routes in 5 markets.
CONROE REGION
Conroe | Montgomery | Magnolia | Willis | Tomball | Cut and Shoot | Huntsville | New Waverly
SAM W. BAKER
Chairman, President and CEO
MAIN OFFICE
1800 W. White Oak Terrace
Conroe, TX 77304
936.760.1888
ROBERT PATE
President, Huntsville Division
MAIN OFFICE
33 SH 75 North
Huntsville, TX 77320
936.295.2224
SENIOR OFFICERS
Sam W. Baker
Chairman, President and CEO
Terry Doak
Senior Vice President
Robert Pate
President, Huntsville Division
G. Bart Griffith
Executive Vice President
Chief Lending Officer
Lee Warren
Executive Vice President
Chief Operations Officer
Andrew Cantu
Executive Vice President
Jed Crow
Executive Vice President
Michelle Murray
Executive Vice President
Treasury Management
Chris Baughman
Senior Vice President
Bobby Brennan
Senior Vice President
Mortgage Loan Officer
Heidi Carney
Senior Vice President
Professional & Executive Lending
Shawn Knox
Senior Vice President
Anthony Olivieri
Senior Vice President
REGIONAL DIRECTORS
Sam W. Baker
Chairman, President and CEO
Robert Pate
President, Huntsville Division
Donnie Buckalew
Buckalew Chevrolet
John J. Certa, Jr.
Owner
Team Auto Group
Casey Collum
Owner
Empire Truss, Ltd.
Chris De Milliano
Operations Manager
Steely Lumber Company
Candyce F. Dixon
CPA
Dan Dominey
DBD Interest
F. Scott Dueser
First Financial Bankshares, Inc.
Robert C. Ernst, Jr.
Owner
Ernst Jewelers
J. Bruce Hildebrand, CPA
First Financial Bankshares, Inc.
Curtis Montgomery, M.D.
Physician
Johnny Peet, Jr., M.D.
Physician
John Sebastian
Conroe Golf Cars
Lloyd Tisdale
Investments
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$585,010
$405,759
$488,708
*
*
Dec. 31, 2016
$587,180
$409,404
$486, 174
$7,964
1.35%
*First Bank, NA., Conroe was acquired on July 31, 2015.
*
55.59%
CONROE Day of Service
Employees in Conroe and Huntsville visited 5 local senior centers and retirement facilities
cooking and serving more than 100 hamburgers to the residents. They also presented the
Understanding Financial Exploitation of the Elderly program.
Bank Information :: Page 13
FORT WORTH REGION
SENIOR OFFICERS
REGIONAL DIRECTORS
Martin J. Noto, Jr.
President and CEO
Les Mariotti
Executive Vice President
Chief Operations Officer
Mike Hopkins
Senior Vice President
Murray Edwards
Chairman of the Board
Principal, The Edwards Group
Martin J. Noto, Jr.
President and CEO
Larry Anfin
Past CEO
Coors Distributing of Fort Worth
Smith A. Brownlie III
CPA and Co-Founder
Brownlie & Braden
Ronald D. Butler II
First Financial Bankshares, Inc.
Mary Lee Cruz
Founding Partner
E Source, Inc.
Stephen Kimmel
Chief Financial Officer
Cook Children’s Health
Care System
Matt Morris
President
Gus Bates Insurance
Paul Poston
President
Wellington Insurance
George Robertson
Chairman & CEO
Emist Innovations, Inc.
MARTIN J. NOTO, JR.
President and CEO
MAIN OFFICE
1000 Forest Park Blvd.
Fort Worth, TX 76110
817.410.4970
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
Dec. 31, 2015
$48,534
$46,371
$10,977
Dec. 31, 2016
$63,736
$48,566
$40,956
FORT WORTH Day of Service
Our Fort Worth team partnered with Tarrant Area Food Bank to sort 10,200 lbs. of food products
that will help provide 8,500 meals in the community.
HEREFORD REGION
MIKE MAULDIN
Chairman, President and CEO
MAIN OFFICE
212 E. Third St.
Hereford, TX 79045
806.363.8200
SENIOR OFFICERS
REGIONAL DIRECTORS
Mike Mauldin
Chairman, President and CEO
Mike Mauldin
Chairman, President and CEO
Tim Laws
Executive Vice President
Chief Lending Officer
Robert de la Cruz
Senior Vice President
Ronald D. Butler II
First Financial Bankshares, Inc.
Steve Lewis, D.V.M.
Manager and Sr. Partner
Hereford Veterinary Clinic
Kade Matthews
Ranching and Investments
Sally Noyce
Human Resources Manager
Quality Distillers Grain
Panhandle Express
Jerry Stevens
Owner, Stevens 5-Star Car
and Truck Center
Johnny E. Trotter
President and CEO
Livestock Investors, Ltd.
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$176,125
$136,007
$148,152
$3,056
Dec. 31, 2016
$186,220
$131,493
$156,834
$3,524
1.78%
1.88%
45.04%
45.75%
HEREFORD Day of Service
Team Hereford cooked and served 175 hamburger meals to residents of a local retirement facility
and presented the Understanding Financial Exploitation of the Elderly program.
Bank Information :: Page 15
MINERAL WELLS REGION
SENIOR OFFICERS
REGIONAL DIRECTORS
Kenneth A. Williamson
Chairman, President and CEO
Kenneth A. Williamson
Chairman, President and CEO
Les Mariotti
Executive Vice President
Chief Operations Officer
Brad Seay
Executive Vice President
Lending
Scott Petty
Senior Vice President
Lending
Spencer Baum, D.D.S.
Baum Dental Clinic
Ronald D. Butler II
First Financial Bankshares, Inc.
George Gault
Attorney
Gault & Gault
Terry L. Murphy
President and CEO
Murphy and Murphy, Inc.
David Ramsey, M.D.
Family Practice Center
KENNETH A.
WILLIAMSON
Chairman, President and CEO
MAIN OFFICE
1900 E. Hubbard St.
Mineral Wells, TX 76067
940.327.5400
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$268,950
$125,474
$224,932
$4,871
Dec. 31, 2016
$261,002
$127,061
$216,020
$4,666
1.88%
1.80%
39.11%
38.94%
MINERAL WELLS Day of Service
Employees partnered with Meals on Wheels to deliver meals to 13 routes. They also held a bake sale
with proceeds going to a local senior citizen center where they presented the Understanding Financial
Exploitation of the Elderly program.
SAN ANGELO REGION
SENIOR OFFICERS
REGIONAL DIRECTORS
Michael L. Boyd
Chairman and CEO
Chris Evatt
President
Jim Davidson
Executive Vice President
Chief Operations Officer
Chuck Shore
Executive Vice President
Edward Carrasco
Senior Vice President
Pat Cottle
Senior Vice President
Cindy George
Senior Vice President
Lindy Jordan
Senior Vice President
Wes Masters
Senior Vice President
Spencer Murphy
Senior Vice President
Reba Priddy
Senior Vice President
Luke Uherik
Senior Vice President
Michael L. Boyd
Chairman and CEO
Honorable Marilyn Aboussie
Chief Justice, Retired
Ronald D. Butler II
First Financial Bankshares, Inc.
W. Dan Cravy, M.D.
Physician
Doug Eakman
Owner
Pecos Street Pharmacy
Steve Eustis
Commercial Real Estate
Ron Giddiens
Investments
Partner, D&G Consulting
David F. Lupton
President
Angelo Glass & Mirror
Company, Inc.
Mary Jane Steadman
Attorney
Real Estate Investment
Management
MICHAEL L. BOYD
Chairman and CEO
CHRIS EVATT
President
MAIN OFFICE
301 W. Beauregard Ave.
San Angelo, TX 76903
325.659.5900
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$693,612
$228,742
$629,255
$11,347
Dec. 31, 2016
$709,804
$217,614
$636,952
$11,818
1.66%
1.74%
34.18%
34.66%
SAN ANGELO Day of Service
In San Angelo, employees delivered lunch and aided Meals for the Elderly with packaging frozen
meals and snack bags for clients.
Bank Information :: Page 17
SOUTHEAST REGION
Orange | Vidor | Mauriceville | Newton | Port Arthur | Beaumont
SENIOR OFFICERS
REGIONAL DIRECTORS
STEPHEN LEE
CEO and President
MAIN OFFICE
812 N. 16TH St.
Orange, TX 77630
800.300.8904
Stephen Lee
CEO and President
Blaine Callier
Senior Vice President
Commercial Lender
Kim Dickerson
Senior Vice President
Chief Operations Officer
Robert Kocot
Senior Vice President
Commercial Lender
Cindi LaChance
Senior Vice President
Mortgage Loan Officer
Curt Leger
Senior Vice President
Commercial Lender
Joe Love
Senior Vice President
Commercial Lender
Tommy Gunn
Chairman of the Board
Attorney at Law
Stephen Lee
CEO and President
Dr. Ray Callas
Managing Partner
Anesthesia Associates, PLLC
Tanya Cavness
Re/Max Affiliate
Tanya Cavness Team
F. Scott Dueser
First Financial Bankshares, Inc.
Jim Gilliam
President
Bates & Company
J. Bruce Hildebrand, CPA
First Financial Bankshares, Inc.
Chad Mason
Vice President
Mason Construction
Paul Peveto
Cloeren Inc & CFO Consulting
Mike Poutra
Co-Owner
Dominion Forms
Walter G. Riedel, III
President and CEO
Nelda C. and H.J. Lutcher
Stark Foundation
Ross Smith
President
Akrotex, Inc.
Owner
Sabine River Ford, Inc.
Kevin Williams
President
Cypress Bayou Industrial
Owner
American Industrial Minerals, Inc.
Jim Wimberly
Attorney at Law
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$481,821
$359,657
$406,573
$7,355
Dec. 31, 2016
$492,064
$374,478
$410,933
$7,655
1.48%
1.52%
50.56%
50.25%
SOUTHEAST REGION Day of Service
Employees in Orange partnered with Nutrition and Services for Seniors to prepare, package and
deliver meals to local senior citizens.
SOUTHLAKE REGION
Southlake | Trophy Club | Keller | Bridgeport | Boyd | Decatur | Grapevine
MARK L. JONES
Chairman, President and CEO
MAIN OFFICE
151 W. Southlake Blvd.
Southlake, TX 76092
817.410.2915
SENIOR OFFICERS
REGIONAL DIRECTORS
Mark L. Jones
Chairman, President and CEO
Mark L. Jones
Chairman, President and CEO
F. Mills Shallene
Wise County Market President
Ronald D. Butler II
First Financial Bankshares, Inc.
Les Mariotti
Executive Vice President
Chief Operations Officer
J. Sean Shope
Executive Vice President
Commercial Lender
Ryan Wall
Executive Vice President
Consumer Lender
Dickie W. Greenwood
Senior Vice President
Steve Sims
Senior Vice President
Ryan Sonntag
Senior Vice President
Tracie Talkington
Senior Vice President
Traci Bernard, BSN, RN
President
Texas Health Harris Methodist
Hospital, Southlake
William Ray Cook, Jr., CPA
Cook, McDonald & Co.
Martin Schelling
Conifer Real Estate
J. Gary Shelton
Grocer
Real Estate Investor
Stan Stephens
President
Stephens Pneumatics, Inc.
Tankheads, Inc.
Terry Wilkinson
Wyndham Properties, Ltd.
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$401,773
$325,606
$353,257
$6,366
Dec. 31, 2016
$452,258
$359,417
$400,763
$7,200
1.59%
1.72%
55.38%
54.89%
SOUTHLAKE Day of Service
Southlake employees served a local senior housing development for low income and disabled
seniors by preparing and serving meals, providing arts and crafts and performing yard and
handyman work. Wise County employees delivered meals to area residents, completed yard
work and cleaning at their homes and mowed a local cemetery not maintained by the county.
Bank Information :: Page 19
STEPHENVILLE REGION
Stephenville | Granbury | Glen Rose | Acton
TRENT B. SWEARENGIN
Chairman, President and CEO
MAIN OFFICE
2201 W. South Loop
Stephenville, TX 76401
254.965.5036
SENIOR OFFICERS
REGIONAL DIRECTORS
Trent B. Swearengin
Chairman, President and CEO
Trent B. Swearengin
Chairman, President and CEO
Doyle Cooper
Glen Rose Market President
Keith Brown
Prime Building Components, LLC
Bart Rodgers
Granbury Market President
Ronald D. Butler II
First Financial Bankshares, Inc.
Dereece Howell
Executive Vice President
Chief Operations Officer
Robert Lemons
Executive Vice President
Blayne Baley
Senior Vice President
Doug Dobbins
Senior Vice President
Donna Feller
Senior Vice President
Vickie Pettit
Senior Vice President
Trent Tidwell
Senior Vice President
Matt Ward
Senior Vice President
Regional Consumer Lending
Manager
Walter W. Hardin III
Real Estate Investments
Doug Montgomery
Texstar Ford
John Moore
Craft Associates, Inc.
Ron Pack
Ranching and Investments
Bill Parham
Boucher Morgan & Young CPAs
John Terrill
Attorney
Michael B. Williams
M W Supply, Inc.
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$481,880
$294,996
$425,440
$7,623
Dec. 31, 2016
$502,509
$299,175
$436,213
$8,514
1.60%
1.77%
44.25%
48.02%
STEPHENVILLE Day of Service
Employees in Stephenville and Granbury served lunch at local senior centers while presenting the
Understanding Financial Exploitation of the Elderly program and partnered with Meals on Wheels to
deliver meals to 3 routes. Glen Rose employees volunteered at the Somervell County Food Bank to
stock shelves, clean and landscape.
WEATHERFORD REGION
Weatherford | Aledo | Willow Park | Brock
SENIOR OFFICERS
REGIONAL DIRECTORS
Jay Gibbs
Chairman and CEO
Justin Hooper
President
Les Mariotti
Executive Vice President
Chief Operations Officer
John Good
Senior Vice President
Lori Hill
Senior Vice President
Kent Hudson
Senior Vice President
Jimmie Sue Lawson
Senior Vice President
Jay Gibbs
Chairman and CEO
Jamie Adams
Senior Vice President
Briggs Freeman
Sotheby’s Realty
Ronald D. Butler II
First Financial Bankshares, Inc.
James D. Eggleston
Partner
Eggleston King LLP
Nan Kingsley
President
Bluestem Studios, Inc.
Kevin R. Lackey
President and CEO
Freedom Power Sports
Stephen E. Milliken
C.D. Hartnett Company
Mike White, O.D.
Therapeutic Optometrist
JAY GIBBS
Chairman and CEO
JUSTIN HOOPER
President
MAIN OFFICE
101 College Park Dr.
Weatherford, TX 76086
817.596.0307
IN THOUSANDS
ASSETS
LOANS
DEPOSITS
NET INCOME
RETURN ON AVG. ASSETS
EFFICIENCY RATIO
Dec. 31, 2015
$523,256
$206,348
$450,946
$7,973
1.60%
Dec. 31, 2016
$494,353
$217,275
$417,407
$8,392
1.69%
47.28%
47.68%
WEATHERFORD Day of Service
Employees conducted a 4-week food drive, partnered with 3 local senior centers and food
pantries to cook, clean, sort and organize shelves. They also preformed yard work and
presented the Understanding Financial Exploitation of the Elderly program.
Bank Information :: Page 21
Left to Right: Jana Haynes, Troy Fore, Kami Graves, Bobby Brennan, Janet O’Dell, Wes Masters, Tammie Harding, Cindi LaChance, Ryan Craig
First Financial Mortgage
2016 was an exceptional year for First Financial
Mortgage. We exceeded $500 million in total loan
originations, which represents a 38% increase from
2015. We helped 2,273 families and individuals with
their home financing needs, and we are most proud
of that accomplishment. Interest rates ended the
year higher, but remain at historic lows. The housing
market in Texas continues to be a bright spot for
the economy and First Financial Mortgage has a full
menu of products to handle the needs of all home
buyers. Looking forward, First Financial Mortgage is
well-positioned in some of the fastest growing areas
of the state providing many growth opportunities for
our company.
SENIOR OFFICERS
Troy Fore
President
Ryan Craig
Executive Vice President
Kami Graves
Executive Vice President
Tammie Harding
Executive Vice President
Janet O’Dell
Executive Vice President
Bobby Brennan
Senior Vice President
Jana Haynes
Senior Vice President
Cindi LaChance
Senior Vice President
Wes Masters
Senior Vice President
$2,000
Left to Right: Jeff Casey, Larry Williams, Michael Cole, Kay Berry, Thomas S. Limerick, Kevin Pilgrim, Charles L. VanDeweel II, David Weems
First Technology Services, Inc.
SENIOR OFFICERS
DIRECTORS
Thomas S. Limerick
Chairman, President and CEO
Jeff Casey
Executive Vice President
Chief Digital Officer
Kay Berry
Senior Vice President
Deposit Operations
Kevin Pilgrim
Senior Vice President
IT Operations
Charles L. VanDeweel, II
Senior Vice President
Software Development
David Weems
Senior Vice President
Chief Operations Officer
Larry Williams
Senior Vice President
Technical Architecture
Thomas S. Limerick
Chairman, President and CEO
First Technology Services, Inc.
Executive Vice President and CIO
First Financial Bankshares, Inc.
April Anthony
Chief Executive Officer
Encompass Home Health
Homecare Homebase
Michael L. Boyd
Chairman and CEO
First Financial Bank,
San Angelo Region
Ronald D. Butler II
Executive Vice President
Chief Administrative Officer
First Financial Bankshares, Inc.,
Chairman and CEO
First Financial Bank, Abilene Region
F. Scott Dueser
Chairman of the Board,
President and CEO
First Financial Bankshares, Inc.
Michael Cole
Vice President
Chief Information Security Officer
Jay Gibbs
Chairman and CEO
First Financial Bank,
Weatherford Region
Ron Giddiens
Investments
Partner, D&G Consulting
J. Bruce Hildebrand
Executive Vice President and
Chief Financial Officer
First Financial Bankshares, Inc.
Tim Lancaster
President and CEO
Hendrick Health System
Les Mariotti
Executive Vice President and Cashier
First Financial Bank, Fort Worth Region
First Financial Bank, Mineral Wells Region
First Financial Bank, Southlake Region
First Financial Bank, Weatherford Region
Trent B. Swearengin
Chairman, President and CEO
First Financial Bank,
Stephenville Region
Tony Wormington
Retired President
Jack Henry and Associates, Inc.
First Financial Mortgage | First Technology Services :: Page 23
Abilene | Beaumont | Fort Worth | Odessa | San Angelo | Stephenville | Sweetwater
Back Left to Right: David Byrd, Wayne Chowning, Lon Biebighauser, Konrad S. Halbert, Barbara Hill
Front: Left to Right David Castleberry, Kirk W. Thaxton, Bradley D. Brown
First Financial Trust & Asset Management Company
First Financial Trust & Asset Management Company again delivered
favorable results in 2016. Total assets under management at year-
end had a book value of $3.37 billion, a 10.3 percent increase from
$3.06 billion at the end of 2015. The market value of the assets
totaled $4.37 billion, a gain of 13.0 percent from $3.87 billion. Our
revenues were impacted by the significant market drop in the first
quarter as well as lower oil and gas prices, which resulted in a
$296,000 reduction in oil and gas management fees. For the year,
total fee income increased 2.0 percent to $19.6 million from $19.2
million in 2015, and net earnings after tax decreased 3.5 percent to
$7.2 million from $7.5 million.
The trust company’s investment performance remained strong. Our
Core Domestic Equity portfolio led the way with a return of 14.5
percent, followed by our Equity Income portfolio with 12.9 percent
and our Core Diversified portfolio with 12.5 percent. Our Taxable
and Tax-Exempt Fixed-Income portfolios outpaced their respective
benchmarks.
We are excited to announce that we have contracted with FIS, the
world’s largest global provider of financial technology solutions, and
will be converting to a new accounting platform in 2017. This new
platform will improve online access, statements and tax reporting for
our customers and provide additional technology solutions to assist
them with meeting their financial goals.
$2,000
Trust Assets (in millions)
2012
$2,233
2013
2014
2015
2016
$2,465
$2,774
$3,060
$3,374
Trust Fees (in millions)
2012
2013
$0
2014
2015
$14.46
$16.32
$18.77
$19.25
$19.64
2016
Trust Net Income (in millions)
2012
2013
2014
2015
2016
$5.183
$6.142
$7.109
$7.449
$7.190
SENIOR OFFICERS
SENIOR OFFICERS (continued)
Kirk W. Thaxton
Chairman, President and CEO
David Byrd
Executive Vice President
Manager, San Angelo
David Castleberry
Executive Vice President
Manager, Stephenville
Wayne Chowning
Executive Vice President
Manager, Sweetwater
Konrad S. Halbert
Executive Vice President
Manager, Fort Worth
Barbara Hill
Executive Vice President
Manager, Odessa
Matt Melbourne
Executive Vice President
Manager, Operations
Lon Biebighauser
Senior Vice President
Manager, Operations
Bradley D. Brown
Senior Vice President
Manager, Beaumont/Orange
Christopher N. Montoya
Senior Vice President
Manager, Equities
David B. Pitzer
Senior Vice President
Manager, Real Property
Bill Rowe
Senior Vice President
Manager, Fixed Income
Randy Spiva
Senior Vice President
Manager, Oil & Gas
DIRECTORS
Kirk W. Thaxton
Chairman, President and CEO
First Financial Trust & Asset
Management Company, N.A.
Sarah Campbell
Portfolio Manager
David Copeland, CPA
President
Shelton Family Foundation
F. Scott Dueser
Chairman of the Board,
President and CEO
First Financial Bankshares, Inc.
Jay Lawrence
President
MAL Enterprises, Inc.
David F. Lupton
President
Angelo Glass & Mirror
Company. Inc.
Dr. Michael Owen
Physician
Bill Parham
Boucher Morgan & Young CPAs
Walter G. Riedel, III
President and CEO
Nelda C. and H.J. Lutcher
Stark Foundation
ADVISORY DIRECTOR
John L. Beckham
Beckham Rector and
Eargle LLP
Left to Right: Tony Gorman, Rick Howard, Monica Houston, Brandon Barker, Frank Gioia, Jeff Casey, Brandon Harris, Mike Wolverton, Daniel Neely
Line Of Business Executives
In 2016, First Financial formalized and strengthened
core lines of business by identifying experts who
are responsible for driving key lines of business
strategies, processes and talent recruitment across
the entire company. This approach aligns corporate
goals and objectives with the day-to-day operations
of the Company, maximizing growth and profit
opportunities. We have dynamic leaders who support
our entire organization in consumer lending, treasury
management, customer service, human resources,
retail banking, training and brokerage services.
SENIOR OFFICERS
Jeff Casey
Executive Vice President
Chief Digital Officer
Monica Houston
Executive Vice President
Retail Banking and Training
Michael Wolverton
Executive Vice President
Consumer Lending
Frank Gioia
Senior Vice President
Call Center
Tony Gorman
Senior Vice President
Human Resources
Brandon Harris
Senior Vice President
Appraisal Services
Daniel Neely
Senior Vice President
Treasury Management
Brandon Barker
Co-Manager
First Financial Brokerage Services
Rick Howard
Co-Manager
First Financial Brokerage Services
$2,000
Trust & Asset Management | Line of Business Executives :: Page 25
Back: Randy Roewe, Luke Longhofer, Marna Yerigan, Michele P. Stevens, Lawrence B. Kentz, Kirk W. Thaxton, J. Bruce Hildebrand
Front: Thomas S. Limerick, Ronald D. Butler II, F. Scott Dueser, Gary S. Gragg
Corporate Information
OFFICERS:
F. Scott Dueser
Chairman of the Board,
President and CEO
Ronald D. Butler II
Executive Vice President
Chief Administrative Officer
J. Bruce Hildebrand, CPA
Executive Vice President
Chief Financial Officer
Gary S. Gragg
Executive Vice President
Lending
Thomas S. Limerick
Executive Vice President
Chief Information Officer
Luke Longhofer
Executive Vice President
Lending
Randy Roewe
Executive Vice President
Chief Risk Officer
Marna Yerigan
Executive Vice President
Lending
Lawrence B. Kentz
Senior Vice President
Chief Compliance Officer
Michele P. Stevens
Senior Vice President
Advertising and Marketing
ANNUAL MEETING
Tuesday, April 25, 2017
Abilene Civic Center
1100 N. Sixth St.
Abilene, TX 79601
10:30 a.m.
FOR FINANCIAL AND
INVESTOR INFORMATION:
J. Bruce Hildebrand, CPA
Executive Vice President
Chief Financial Officer
325.627.7155
CORPORATE OFFICE
TRANSFER AGENT
SEND CERTIFICATES FOR
TRANSFER AND ADDRESS
CHANGES TO:
Continental Stock Transfer &
Trust Company
17 Battery Place
8th Floor
New York, NY 10004
400 Pine St.
Abilene, TX 79601
325.627.7155
800.588.7000
www.ffin.com
CORPORATE MAILING
ADDRESS
P.O. Box 701
Abilene, TX 79604
COMMON STOCK
LISTING
The NASDAQ Global Select
Market Symbol: FFIN
INDEPENDENT
PUBLIC AUDITORS
Ernst & Young LLP
Continental Stock Transfer &
Trust Company
212.509.4000
ADDRESS SHAREHOLDER
INQUIRIES TO:
Continental Stock Transfer &
Trust Company
17 Battery Place
8th Floor
New York, NY 10004
CONTINENTAL STOCK
TRANSFER & TRUST
COMPANY WEBSITE
www.continentalstock.com
www.ffin.com
Certain statements contained in this annual report 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 or saving 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 and Filings” on the Company’s website or by writing or calling the Company at 325.627.7155.
Except as otherwise stated in this annual report, the Company does not undertake any obligation to update publicly or revise any
forward-looking statements because of new information, future events or otherwise. Note: Market share data is calculated from June 30, 2016,
deposit information compiled by the Federal Deposit Insurance Corporation.
Back: Murray Edwards, April Anthony, Ron Giddiens, F. Scott Dueser, Tucker S. Bridwell, Kade Matthews, David Copeland
Front: Johnny E. Trotter, Tim Lancaster, Ross H. Smith, Steven L. Beal
Board Of Directors
COMMITTEES:
BOARD MEMBER
YEAR COMMITTEE
1. Executive Committee: F. Scott Dueser, Chairman
2. Audit Committee: David Copeland, Chairman
3. Compensation Committee: Steven Beal, Chairman
4. Nominating/Corporate Governance Committee:
Tucker S. Bridwell, Chairman
F. Scott Dueser
Chairman of the Board,
President and CEO
First Financial Bankshares, Inc.
April Anthony
CEO
Encompass Home Health
Homecare Homebase
Steven L. Beal
Retired President and COO
Concho Resources Inc.
Tucker S. Bridwell, CPA*
President
Mansefeldt Investment Corp.
David Copeland, CPA
President, SIPCO, Inc. and
Shelton Family Foundation
Murray Edwards
Principal, The Edwards Group
Ron Giddiens
Investments
Partner, D&G Consulting
Tim Lancaster
President and CEO
Hendrick Health System
Kade Matthews
Ranching and Investments
Ross H. Smith
President, Akrotex, Inc.
Owner, Sabine River Ford, Inc.
Johnny E. Trotter
President and CEO
Livestock Investors, Ltd.
* Lead Director
1991
2015
1
2
2010
1, 3, 4
2007
1, 4
1998
1, 2, 4
2006
1, 2, 4
2009
2013
1998
2014
2
2
3
3
2003
1, 3, 4
Corporate Information | Board of Directors :: Page 27
400 Pine St., Abilene, TX 79601 | 325.627.7200 | ffin.com