EXHIBIT 99.3
First Financial Bankshares, Inc.
Stock Performance
Stock Performance
1/28/08
Period- | Period- | Period-End | Period- | Period- | % Chng. | |||||||||||||||||||||||||||||||||||||||||||||||
Basic | Dividend | End Mkt. | Price x | End Book | Price x | Stock | Shares | Resulting | End Mkt. | End Mkt. | In Mkt. | |||||||||||||||||||||||||||||||||||||||||
Year | Net Income | EPS (a) | Per sh. (a) | Price (a) | Earnings | Value (a) | Book Value | Split | Received | Shares (b) | Price (c) | Value | Value | |||||||||||||||||||||||||||||||||||||||
1973 | 1,080,394 | 0.09 | 0.02 | 0.85 | 9.3 | 0.68 | 1.26 | — | — | 100 | 49.00 | 4,900 | ||||||||||||||||||||||||||||||||||||||||
1974(1)(2) | 1,734,368 | 0.11 | 0.03 | 1.02 | 9.2 | 0.78 | 1.31 | 3/2 | 50 | 150 | 39.00 | 5,850 | 19.4 | |||||||||||||||||||||||||||||||||||||||
1975 | 2,052,072 | 0.13 | 0.04 | 1.16 | 8.8 | 0.88 | 1.31 | 5/4 | 37 | 187 | 35.50 | 6,639 | 13.5 | |||||||||||||||||||||||||||||||||||||||
1976 | 2,316,799 | 0.15 | 0.04 | 1.43 | 9.7 | 0.98 | 1.46 | — | — | 187 | 44.00 | 8,228 | 23.9 | |||||||||||||||||||||||||||||||||||||||
1977 | 2,553,099 | 0.16 | 0.04 | 1.58 | 9.8 | 1.10 | 1.43 | 6/5 | 37 | 224 | 40.50 | 9,072 | 10.3 | |||||||||||||||||||||||||||||||||||||||
1978 | 3,183,630 | 0.20 | 0.05 | 1.76 | 8.8 | 1.26 | 1.39 | — | — | 224 | 45.00 | 10,080 | 11.1 | |||||||||||||||||||||||||||||||||||||||
1979 | 3,691,134 | 0.23 | 0.05 | 1.82 | 7.8 | 1.45 | 1.26 | 6/5 | 44 | 268 | 39.00 | 10,452 | 3.7 | |||||||||||||||||||||||||||||||||||||||
1980 | 4,968,970 | 0.32 | 0.05 | 2.20 | 7.0 | 1.93 | 1.14 | — | — | 268 | 47.00 | 12,596 | 20.5 | |||||||||||||||||||||||||||||||||||||||
1981(3) | 6,825,952 | 0.37 | 0.06 | 2.62 | 7.2 | 1.96 | 1.34 | 4/3 | 89 | 357 | 42.00 | 14,994 | 19.0 | |||||||||||||||||||||||||||||||||||||||
1982(4) | 8,214,753 | 0.41 | 0.07 | 2.80 | 6.8 | 2.30 | 1.22 | 3/2 | 178 | 535 | 30.00 | 16,050 | 7.0 | |||||||||||||||||||||||||||||||||||||||
1983 | 7,305,191 | 0.37 | 0.09 | 2.90 | 7.9 | 2.58 | 1.12 | — | — | 535 | 31.00 | 16,585 | 3.3 | |||||||||||||||||||||||||||||||||||||||
1984 | 6,791,032 | 0.34 | 0.11 | 2.91 | 8.5 | 2.81 | 1.04 | 6/5 | 107 | 642 | 26.00 | 16,692 | 0.6 | |||||||||||||||||||||||||||||||||||||||
1985 | 5,893,665 | 0.31 | 0.11 | 2.63 | 8.7 | 3.03 | 0.87 | — | — | 642 | 23.50 | 15,087 | (9.6 | ) | ||||||||||||||||||||||||||||||||||||||
1986 | 3,809,487 | 0.21 | 0.11 | 2.24 | 10.6 | 3.14 | 0.71 | — | — | 642 | 20.00 | 12,840 | (14.9 | ) | ||||||||||||||||||||||||||||||||||||||
1987(5) | 5,173,002 | 0.29 | 0.11 | 2.47 | 8.6 | 3.32 | 0.74 | 11/10 | 64 | 706 | 20.00 | 14,120 | 10.0 | |||||||||||||||||||||||||||||||||||||||
1988 | 5,270,361 | 0.30 | 0.12 | 2.59 | 8.6 | 3.53 | 0.73 | — | — | 706 | 21.00 | 14,826 | 5.0 | |||||||||||||||||||||||||||||||||||||||
1989 | 6,320,023 | 0.37 | 0.13 | 2.77 | 7.4 | 3.82 | 0.73 | — | — | 706 | 22.50 | 15,885 | 7.1 | |||||||||||||||||||||||||||||||||||||||
1990(6) | 7,583,431 | 0.46 | 0.16 | 3.52 | 7.6 | 4.12 | 0.85 | 11/10 | 70 | 776 | 26.00 | 20,176 | 27.0 | |||||||||||||||||||||||||||||||||||||||
1991 | 8,645,037 | 0.53 | 0.18 | 4.06 | 7.7 | 4.45 | 0.91 | — | — | 776 | 30.00 | 23,280 | 15.4 | |||||||||||||||||||||||||||||||||||||||
1992 | 10,989,325 | 0.67 | 0.21 | 7.94 | 12.0 | 4.89 | 1.63 | 3/2 | 388 | 1,164 | 39.00 | 45,396 | 95.0 | |||||||||||||||||||||||||||||||||||||||
1993(7)(e) | 11,978,547 | 0.71 | 0.27 | 9.27 | 13.0 | 5.39 | 1.72 | 11/10 | 116 | 1,280 | 41.50 | 53,137 | 17.1 | |||||||||||||||||||||||||||||||||||||||
1994(8) | 13,112,230 | 0.73 | 0.31 | 7.46 | 10.2 | 5.81 | 1.29 | 5/4 | 320 | 1,600 | 26.75 | 42,800 | (19.5 | ) | ||||||||||||||||||||||||||||||||||||||
1995(9) | 16,355,542 | 0.91 | 0.34 | 9.35 | 10.3 | 6.40 | 1.46 | — | — | 1,600 | 33.50 | 53,598 | 25.2 | |||||||||||||||||||||||||||||||||||||||
1996(10)(11) | 18,122,251 | 0.95 | 0.38 | 13.97 | 14.7 | 6.82 | 2.05 | 5/4 | 400 | 2,000 | 40.00 | 80,000 | 49.3 | |||||||||||||||||||||||||||||||||||||||
1997(12)(13) | 20,063,105 | 1.02 | 0.42 | 18.71 | 18.4 | 7.48 | 2.50 | 5/4 | 500 | 2,500 | 42.88 | 107,200 | 34.0 | |||||||||||||||||||||||||||||||||||||||
1998 (14) | 23,253,939 | 1.13 | 0.48 | 16.80 | 15.0 | 8.18 | 2.06 | 11/10 | 250 | 2,750 | 35.00 | 96,250 | (10.2 | ) | ||||||||||||||||||||||||||||||||||||||
1999 | 25,690,541 | 1.24 | 0.54 | 14.76 | 11.9 | 8.60 | 1.72 | — | — | 2,750 | 30.75 | 84,563 | (12.1 | ) | ||||||||||||||||||||||||||||||||||||||
2000 | 28,316,047 | 1.37 | 0.62 | 15.09 | 11.0 | 9.56 | 1.58 | — | — | 2,750 | 31.44 | 86,460 | 2.2 | |||||||||||||||||||||||||||||||||||||||
2001(15) | 29,354,505 | 1.43 | 0.70 | 18.06 | 12.6 | 10.40 | 1.74 | 5/4 | 688 | 3,438 | 30.10 | 103,484 | 19.7 | |||||||||||||||||||||||||||||||||||||||
2002(16) | 33,952,550 | 1.65 | 0.81 | 22.80 | 13.8 | 11.59 | 1.97 | — | — | 3,438 | 38.00 | 130,644 | 26.2 | |||||||||||||||||||||||||||||||||||||||
2003 | 35,304,800 | 1.71 | 0.91 | 30.84 | 18.0 | 12.19 | 2.53 | 5/4 | 859 | 4,297 | 41.12 | 176,693 | 35.3 | |||||||||||||||||||||||||||||||||||||||
2004(17)(18) | 39,171,239 | 1.90 | 1.00 | 33.61 | 17.7 | 12.84 | 2.62 | — | — | 4,297 | 44.81 | 192,549 | 9.0 | |||||||||||||||||||||||||||||||||||||||
2005(19)(20) | 44,022,980 | 2.13 | 1.10 | 35.06 | 16.5 | 13.34 | 2.63 | 4/3 | 1,432 | 5,729 | 35.06 | 200,859 | 4.3 | |||||||||||||||||||||||||||||||||||||||
2006 | 46,029,216 | 2.22 | 1.18 | 41.86 | 18.9 | 14.51 | 2.88 | — | — | 5,729 | 41.86 | 239,816 | (d) | 19.4 | ||||||||||||||||||||||||||||||||||||||
2007 | 49,489,605 | 2.38 | 1.26 | 37.65 | 15.8 | 16.16 | 2.33 | — | — | 5,729 | 37.65 | 215,697 | (10.1 | ) |
(a) | Adjusted for stock dividends and stock splits. | |
(b) | Shares accumulated based on 100 shares held 12/31/73. | |
(c) | Actual price before adjustment for stock dividends and stock splits. | |
(d) | Annual rate of return at 12/31/07 on 100 shs. purchased in 1973: 11.77% (without considering dividends) | |
(e) | Earnings before cumulative income accounting adjustment of $1,254,808. | |
(1) | Acquired Bank of Commerce in pooling-of-interest in 1974. | |
(2) | Acquired Hereford State Bank with stock accounted for as a purchase in 1974. | |
(3) | Acquired First National Bank, Sweetwater in pooling-of-interest in 1981. | |
(4) | Acquired Eastland National Bank in pooling-of-interest in 1982. | |
(5) | Acquired American National Bank of Abilene in July 1987. | |
(6) | Acquired First National Bank in Cleburne in cash purchase in December 1990. | |
(7) | Acquired Stephenville Bank and Trust Co. in cash purchase in February 1993. | |
(8) | Acquired Concho Bancshares (Southwest Bank of San Angelo) in pooling-of-interest in March 1994. | |
(9) | Acquired Citizens State Bank, Roby in cash purchase in July 1995. | |
(10) | Acquired Citizens Equity Corporation (Citizens National Bank of Weatherford) in cash purchase in January 1996. | |
(11) | Acquired Weatherford National Bancshares (Weatherford National Bank) in pooling-of-interest in January 1996. | |
(12) | Acquired assets and assumed liabilities of Texas Commerce Bank-San Angelo in September 1997. | |
(13) | Acquired Southlake Bancshares (Texas National Bank) in pooling-of-interest in November 1997. | |
(14) | Acquired Cleburne State Bank in pooling-of-interest in December 1998. | |
(15) | Acquired City National Bank, Mineral Wells in cash purchase in July 2001. | |
(16) | Acquired Trent branch of State National Bank of West Texas in cash purchase in October 2002. | |
(17) | Acquired Liberty National Bank, Granbury in cash purchase in July 2004. | |
(18) | Acquired First National Bank, Glen Rose in cash purchase in December 2004. | |
(19) | Acquired Peoples State Bank, Clyde in cash purchase in February 2005. | |
(20) | Acquired The First National Bank of Bridgeport in cash purchase in December 2005. |