Welcome to our dedicated page for Bancfirst news (Ticker: BANF), a resource for investors and traders seeking the latest updates and insights on Bancfirst stock.
BancFirst Corp (BANF) maintains Oklahoma's largest state-chartered banking network while expanding services in Texas markets. This news hub provides investors and stakeholders with essential updates on financial performance, strategic initiatives, and community-focused banking developments.
Access real-time information about quarterly earnings, leadership appointments, and regulatory filings alongside analysis of market trends impacting regional banking. Our curated collection includes press releases detailing loan portfolio growth, trust service expansions, and digital banking innovations.
Key updates across BANF's operational segments:
• Metropolitan Banking: Urban market strategies and commercial lending developments
• Community Banking: Local economic initiatives and branch network expansions
• Specialty Services: Trust management innovations and insurance product updates
• Regulatory Compliance: Capital management practices and risk mitigation protocols
Bookmark this page for continuous access to BancFirst's verified financial communications and operational announcements. Cross-reference materials with SEC filings and earnings call transcripts for comprehensive analysis.
BancFirst (BANF) reported strong Q1 2025 financial results with net income of $56.1 million, or $1.67 per diluted share, up from $50.3 million in Q1 2024. Net interest income increased to $115.9 million from $106.1 million, driven by higher loan volume and earning assets growth. The net interest margin remained stable at 3.70%.
Total assets reached $14.0 billion, increasing $483.7 million from December 31, 2024. Loans grew to $8.1 billion, while deposits rose to $12.1 billion. Nonaccrual loans improved slightly to 0.70% of total loans, with the allowance for credit losses remaining at 1.24%.
The company recorded a $4.4 million expense related to disposing certain equity investments due to Volcker rule compliance. Management expressed caution about the economic outlook, citing bond and equity market volatility and potential economic slowdown impacts on credit quality.
BancFirst (BANF) reported strong Q4 2024 results with net income of $56.5 million ($1.68 EPS), up from $48.9 million ($1.46 EPS) in Q4 2023. Full-year 2024 net income reached $216.4 million ($6.44 EPS), compared to $212.5 million ($6.34 EPS) in 2023.
Net interest income increased to $115.9 million in Q4 2024, up from $105.1 million in Q4 2023, driven by loan growth. The net interest margin slightly improved to 3.68%. Total assets grew to $13.6 billion, with loans reaching $8.0 billion and deposits increasing to $11.7 billion. Sweep accounts rose by $871.6 million to $5.2 billion.
Asset quality metrics showed nonaccrual loans at 0.72% of total loans, up from 0.32% year-over-year, while the allowance for credit losses remained stable at 1.24%. The company achieved record net income and EPS for the fourth consecutive year, with management expressing a positive outlook for 2025.
BancFirst (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024, up from $51.0 million, or $1.52 per diluted share, in Q3 2023. Net interest income increased to $115.0 million from $104.3 million year-over-year, driven primarily by loan volume growth. The net interest margin improved to 3.78% from 3.73% in the same period last year.
Noninterest income grew to $48.7 million, while noninterest expense increased to $86.7 million. Total assets reached $13.3 billion, with loans growing to $8.2 billion and deposits rising to $11.5 billion. The company's total stockholders' equity increased to $1.6 billion. Nonaccrual loans represented 0.56% of total loans, and the allowance for credit losses to total loans was 1.24%.
BancFirst (NASDAQ GS: BANF) reported Q2 2024 earnings with net income of $50.6 million, or $1.51 per diluted share, compared to $55.0 million, or $1.64 per diluted share, in Q2 2023. Net interest income increased to $109.9 million from $105.9 million year-over-year, driven by loan volume growth. The company's total assets reached $12.7 billion, up $365.3 million from December 31, 2023. Loans grew by $394.7 million to $8.1 billion, while deposits increased by $315.5 million to $11.0 billion. Nonaccrual loans rose to 0.55% of total loans, up from 0.32% at year-end 2023. The allowance for credit losses to total loans was 1.24%, slightly down from 1.26% at the end of 2023.
BancFirst Corporation (NASDAQ GS:BANF) reported a significant net income of $57.5 million, or $1.72 diluted earnings per share for Q1 2023, up from $35.9 million or $1.08 per share in Q1 2022. The net interest income soared to $109.2 million compared to $75.5 million a year earlier, driven by rising short-term interest rates and loan growth, leading to a net interest margin of 3.89%. Noninterest income also grew, totaling $47.8 million. Despite a rise in noninterest expenses to $80.3 million, largely from increased salaries, the Company maintained asset quality with nonaccrual loans at only 0.25% of total loans. Total assets slightly decreased to $12.3 billion, while total stockholders' equity improved to $1.3 billion.
BancFirst Corporation (NASDAQ: BANF) has announced a purchase and assumption agreement for RCB Bank's Stroud, Oklahoma branch. The transaction involves acquiring approximately $13.6 million in total assets, which include $2.2 million in loans and $13.0 million in deposits as of March 31, 2023. Following the acquisition, the Stroud branch will merge into BancFirst's existing Stroud branch. The deal is expected to finalize in the third quarter of 2023, pending regulatory approval. RCB Bank's CEO praised BancFirst for its support and customer service in the Stroud community.
