F-2
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors and Shareholders of
First Financial Bankshares, Inc.
We have audited the accompanying consolidated balance sheets of First Financial Bankshares, Inc. (a Texas
corporation) and subsidiaries as of December 31, 2001 and 2000, and the related consolidated statements of
earnings, comprehensive earnings, shareholders’ equity, and cash flows for each of the three years in the period
ended December 31, 2001.  These financial statements are the responsibility of the Company’s management.  Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States.  Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position
of First Financial Bankshares, Inc. and subsidiaries as of December 31, 2001 and 2000, and the results of their
operations and their cash flows for each of the three years in the period ended December 31, 2001, in conformity
with accounting principles generally accepted in the United States.
Arthur Andersen  LLP
Dallas, Texas,
January 11, 2002
NOTE: THIS IS A COPY OF A REPORT PREVIOUSLY ISSUED BY ARTHUR
ANDERSEN LLP WHICH CEASED OPERATIONS.  THIS REPORT
ADDRESSES CERTAIN FINANCIAL STATEMENTS FOR PERIODS
THAT ARE NOT OTHERWISE REQUIRED TO BE INCLUDED IN THIS
FORM 10-K.