BANF vs BOKF vs FFIN

For growth investors, First Financial Bankshares, Inc.

(FFIN) is the stronger pick with 18. 8% revenue growth year-over-year, versus 10. 4% for BOK Financial Corporation (BOKF). BOK Financial Corporation (BOKF) offers the better valuation at 16. 7x trailing P/E (13. 3x forward), making it the more compelling value choice. Analysts rate BancFirst Corporation (BANF) a "Hold" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, BOK Financial Corporation (BOKF) is the cheapest at 16.

7x versus First Financial Bankshares, Inc. at 20. 9x. On forward P/E, BOK Financial Corporation is actually cheaper at 13. 3x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: BancFirst Corporation wins at 1. 61x versus BOK Financial Corporation's 4. 45x — a reasonable growth-adjusted valuation.

Over the past 5 years, BancFirst Corporation (BANF) delivered a total return of +68.

4%, compared to -29. 0% for First Financial Bankshares, Inc. (FFIN). Over 10 years, the gap is even starker: BANF returned +322. 5% versus FFIN's +146. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), BancFirst Corporation (BANF) is the lower-risk stock at 0.

93β versus BOK Financial Corporation's 1. 03β — meaning BOKF is approximately 11% more volatile than BANF relative to the S&P 500. On balance sheet safety, BancFirst Corporation (BANF) carries a lower debt/equity ratio of 5% versus 80% for BOK Financial Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), First Financial Bankshares, Inc.

(FFIN) is pulling ahead at 18. 8% versus 10. 4% for BOK Financial Corporation (BOKF). On earnings-per-share growth, the picture is similar: First Financial Bankshares, Inc. grew EPS 12. 2% year-over-year, compared to 1. 5% for BOK Financial Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

First Financial Bankshares, Inc.

(FFIN) is the more profitable company, earning 30. 2% net margin versus 15. 6% for BOK Financial Corporation — meaning it keeps 30. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FFIN leads at 36. 8% versus 19. 8% for BOKF. At the gross margin level — before operating expenses — FFIN leads at 70. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, BancFirst Corporation (BANF) is the more undervalued stock at a PEG of 1. 61x versus BOK Financial Corporation's 4. 45x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, BOK Financial Corporation (BOKF) trades at 13. 3x forward P/E versus 16. 0x for First Financial Bankshares, Inc. — 2. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FFIN: 20. 4% to $39. 25.

All stocks in this comparison pay dividends.

First Financial Bankshares, Inc. (FFIN) offers the highest yield at 2. 2%, versus 1. 5% for BancFirst Corporation (BANF).

For long-horizon retirement investors, BancFirst Corporation (BANF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

93), 1. 5% yield, +322. 5% 10Y return). Both have compounded well over 10 years (BANF: +322. 5%, BOKF: +172. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: BANF is a small-cap deep-value stock; BOKF is a mid-cap deep-value stock; FFIN is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.