First Financial Bankshares (FFIN) Approves Two-for-One Split; Declares Qtr. Dividend

In connection with the 2014 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. (NASDAQ: FFIN) today declared a two-for-one stock split in the form of a 100 percent stock dividend. The stock split will be effective for shareholders of record on May 15, 2014, with distribution on June 2, 2014. The Board also declared a $0.14 per share cash dividend for the second quarter, which will be paid to shareholders of record on June 16, 2014, with payment set for July 1, 2014.

At the Shareholders' Meeting, shareholders elected Ross H. Smith Jr., Chairman and President of Akrotex Inc. based in Orange, Texas, to the Company's Board of Directors.

Shareholders also reelected nine existing members to the Board of Directors. The reelected directors are Steven L. Beal, Former President and Chief Operations Officer of Concho Resources Inc., Brownwood; Tucker S. Bridwell, President of Mansfeldt Investment Corporation, Abilene; David Copeland, President, SIPCO, Inc., and Shelton Family Foundation, Abilene; F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Ron Giddiens, investment and business consulting, San Angelo; Tim Lancaster, President and CEO of Hendrick Health System, Abilene; Kade Matthews, ranching and investments, Amarillo; and Johnny E. Trotter, President and CEO, Livestock Investors, Ltd., Hereford.

"We are pleased to announce this stock split and an increase in our quarterly cash dividend for our shareholders which represents a 7.7 percent increase," said F. Scott Dueser, Chairman, President and CEO. "We also welcome Ross Smith to the Board of Directors and know that his business experience and expertise will greatly benefit First Financial Bankshares."

Shareholders also recognized Joseph E. Canon, Executive Director of the Dodge Jones Foundation, Abilene, Texas, who retired from the board of directors pursuant to the Company's bylaws after 17 years of dedicated service to the Company, 31 years of service to First Financial Bank, N.A., Abilene and 10 years of service to First Financial Trust & Asset Management Company, N.A.

In other business, shareholders approved the advisory vote on compensation of named executive officers and ratified the Board's selection of Ernst & Young LLP as the Company's independent auditors.

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