First Financial Bankshares (FFIN) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders in person and via livestream, emphasizing engagement, transparency, and strategic direction at the 53rd annual meeting.

• Confirmed quorum with 89% of outstanding shares represented, allowing the meeting to proceed.

• Outlined the agenda, including board elections, auditor ratification, and executive compensation votes.

Financial performance review

• Achieved record annual net income of $253.6 million in 2025, a 13.5% increase over 2024, with EPS of $1.39.

• Net interest income rose to $500.89 million, with a net interest margin of 3.81% in 2025 and Q4 2025, outperforming peers.

• Efficiency ratio improved to 45.5% in 2025, significantly better than peer group.

• Total assets grew to $15.45 billion in 2025, with deposits up 11.2% and loans up 3.4% year-over-year; Q1 2026 assets were $15,387 million, deposits $13,245 million, and loans $8,308 million.

• First quarter 2026 net earnings were $71.5 million, up 16.6% from the prior year.

Board and executive committee updates

• Detailed succession planning with several executive promotions and new hires across banking, HR, technology, and regional leadership in 2025 and early 2026.

• Welcomed new board members Geoff Haney, Blake Poutra, and Lota S. Zoth; recognized the retirement of Johnny E. Trotter after 32 years.