BancFirst Corporation (BANF) 10-Year Financial Performance & Capital Metrics

BANF • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutBancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, Oklahoma.Show more

Net Interest Income $447M +5.3%
Total Revenue $909M +12.3%
Net Income $216M +1.8%
Return on Equity 14.16% -10.5%
Net Interest Margin 3.3% -3.9%
Efficiency Ratio 38.2% -7.0%
ROA 1.67% -2.8%
Equity / Assets 11.96% +3.2%
Book Value per Share 48.23 +12.6%
Tangible BV/Share 42.41 +15.0%
Debt/Equity 0.05 -14.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 38.2% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 12.0% equity/assets
✓Good 3Y average ROE of 15.3%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.08%

5Y13.91%

3Y22.28%

TTM-

Profit (Net Income) CAGR

10Y12.97%

5Y9.91%

3Y8.88%

TTM13.78%

EPS CAGR

10Y12.29%

5Y9.72%

3Y8.59%

TTM13.18%

ROCE

10Y Avg16.5%

5Y Avg16.26%

3Y Avg17.33%

Latest15.71%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	188.79M	203.83M	227.14M	260.48M	281.92M	306.67M	315.66M	373.67M	424.46M	446.87M
NII Growth %	0.04%	0.08%	0.11%	0.15%	0.08%	0.09%	0.03%	0.18%	0.14%	0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	201.04M	218.57M	248.07M	303.2M	336.66M	327.11M	327.02M	419.82M	623.94M	724.14M
Interest Expense	12.25M	14.74M	20.93M	42.73M	54.74M	20.45M	11.36M	46.15M	199.48M	277.26M
Loan Loss Provision	7.67M	11.52M	8.51M	3.8M	8.29M	62.65M	-8.69M	10.08M	7.46M	9M
Non-Interest Income+	105.81M	107.03M	118.07M	125.2M	137.23M	137.22M	170.03M	183.75M	185.41M	184.57M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	306.85M	325.6M	366.14M	428.4M	473.89M	464.34M	497.05M	603.57M	809.34M	908.71M
Revenue Growth %	0.06%	0.06%	0.12%	0.17%	0.11%	-0.02%	0.07%	0.21%	0.34%	0.12%
Non-Interest Expense	185.72M	191.4M	200.39M	222.12M	241.3M	257.73M	285.98M	309.91M	332.46M	347.16M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	101.21M	107.94M	136.31M	159.75M	169.56M	123.51M	208.4M	237.43M	269.95M	275.28M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.11%	0.07%	0.26%	0.17%	0.06%	-0.27%	0.69%	0.14%	0.14%	0.02%
Pretax Income+	101.21M	107.94M	136.31M	159.75M	169.56M	123.51M	208.4M	237.43M	269.95M	275.28M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	35.04M	37.26M	49.87M	33.94M	34.68M	23.93M	40.77M	44.33M	57.48M	58.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	66.17M	70.67M	86.44M	125.81M	134.88M	99.59M	167.63M	193.1M	212.47M	216.35M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.04%	0.07%	0.22%	0.46%	0.07%	-0.26%	0.68%	0.15%	0.1%	0.02%
Net Income (Continuing)	66.17M	70.67M	86.44M	125.81M	134.88M	99.59M	167.63M	193.1M	212.47M	216.35M
EPS (Diluted)+	2.08	2.22	2.65	3.76	4.05	3.00	5.03	5.77	6.34	6.44
EPS Growth %	0.03%	0.07%	0.19%	0.42%	0.08%	-0.26%	0.68%	0.15%	0.1%	0.02%
EPS (Basic)	2.13	2.26	2.72	3.85	4.13	3.05	5.12	5.89	6.45	6.55
Diluted Shares Outstanding	31.77M	31.82M	32.57M	33.43M	33.33M	33.21M	33.31M	33.44M	33.49M	33.62M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.6B	1.85B	1.76B	1.42B	1.87B	1.62B	2.05B	3.17B	2.4B	3.55B
Short Term Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	4.76B	4.83B	5.14B	5.7B	6.11B	6.91B	6.64B	8.4B	9.12B	9.15B
Investments Growth %	0.09%	0.02%	0.06%	0.11%	0.07%	0.13%	-0.04%	0.26%	0.09%	0%
Long-Term Investments	4.76B	4.37B	4.68B	4.93B	5.62B	6.36B	6.11B	6.86B	7.56B	8.82B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	54.04M	54.04M	54.04M	79.75M	148.6M	149.92M	149.92M	182.06M	182.26M	182.26M
Intangible Assets	15.7M	13.33M	11.08M	16.47M	22.61M	19M	17.57M	19.98M	16.7M	13.16M
PP&E (Net)	126.81M	126.77M	134.09M	174.36M	206.28M	261.68M	269.05M	278.09M	278.59M	295.94M
Other Assets	7.98M	4.23M	4.84M	6.69M	6.61M	32.18M	40.27M	39.61M	378.59M	363.74M
Total Current Assets	1.73B	2.46B	2.37B	2.36B	2.56B	2.39B	2.82B	5.01B	3.95B	3.88B
Total Non-Current Assets	4.96B	4.56B	4.88B	5.21B	6B	6.82B	6.59B	7.38B	8.42B	9.67B
Total Assets+	6.69B	7.02B	7.25B	7.57B	8.57B	9.21B	9.41B	12.39B	12.37B	13.55B
Asset Growth %	0.02%	0.05%	0.03%	0.04%	0.13%	0.08%	0.02%	0.32%	-0%	0.1%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Accounts Payable	31.5M	27.34M	29.62M	37.49M	49.23M	51.86M	55.98M	76.45M	0	0
Total Debt+	32.46M	32.46M	32.86M	28.48M	27.9M	27.9M	85.99M	86.34M	89.45M	86.16M
Net Debt	-1.57B	-1.82B	-1.73B	-1.4B	-1.84B	-1.59B	-1.96B	-3.08B	-2.31B	-3.47B
Long-Term Debt	31.96M	31.96M	31.96M	26.8M	26.8M	26.8M	85.99M	86.04M	86.1M	86.16M
Short-Term Debt	500K	500K	900K	1.68M	1.1M	1.1M	0	300K	3.35M	0
Other Liabilities	0	0	0	0	0	0	0	0	148.58M	128.42M
Total Current Liabilities	6.01B	6.28B	6.45B	6.64B	7.53B	8.12B	8.15B	11.05B	10.7B	11.72B
Total Non-Current Liabilities	31.96M	31.96M	31.96M	26.8M	26.8M	26.8M	85.99M	86.04M	234.68M	214.58M
Total Liabilities	6.04B	6.31B	6.48B	6.67B	7.56B	8.14B	8.23B	11.14B	10.94B	11.93B
Total Equity+	655.51M	711.09M	775.63M	902.79M	1B	1.07B	1.17B	1.25B	1.43B	1.62B
Equity Growth %	0.08%	0.08%	0.09%	0.16%	0.11%	0.06%	0.1%	0.07%	0.15%	0.13%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.12%	0.15%	0.14%	0.1%	0.15%	0.16%	0.16%	0.14%
Book Value per Share	20.63	22.35	23.82	27.00	30.15	32.15	35.17	37.41	42.81	48.23
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	15.6M	31.62M	31.89M	32.6M	32.69M	32.72M	32.6M	32.88M	32.93M	33.22M
Additional Paid-in Capital	102.86M	101.73M	107.48M	149.71M	153.35M	156.57M	159.91M	169.23M	174.69M	187.06M
Retained Earnings	535.52M	577.65M	638.58M	722.62M	815.49M	871.16M	977.07M	1.12B	1.28B	1.43B
Accumulated OCI	1.53M	94K	-2.33M	-2.14M	3.45M	7.43M	2.15M	-71.56M	-50.04M	-32.86M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	78.16M	90.54M	109.75M	140.01M	158.96M	154.85M	203.93M	226.27M	233.04M	261.2M
Operating CF Growth %	0.02%	0.16%	0.21%	0.28%	0.14%	-0.03%	0.32%	0.11%	0.03%	0.12%
Net Income	66.17M	70.67M	86.44M	125.81M	134.88M	99.59M	167.63M	193.1M	212.47M	216.35M
Depreciation & Amortization	11.9M	12.38M	11.79M	13.55M	15.99M	18.42M	20.04M	22.05M	22.19M	21.68M
Deferred Taxes	-1.9M	-2.05M	4.38M	3.15M	1.15M	-9.49M	7.04M	322K	-2.79M	-2.2M
Other Non-Cash Items	1.37M	9.32M	8.87M	-1.65M	4.79M	46.78M	3.49M	22.58M	336K	16.1M
Working Capital Changes	-1.1M	-1.43M	-2.92M	-2.21M	870K	-1.97M	3.6M	-13.72M	-2.16M	5.82M
Cash from Investing+	-265.3M	-98.02M	-349.78M	-293.8M	50.35M	-898.51M	422.88M	-1.52B	-669.71M	-71.39M
Purchase of Investments	-92.91M	-225.49M	-86M	-469.1M	-179.07M	-607.79M	-478.2M	-1.89B	-454.33M	-391.21M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-4.01M	0	0	6.25M	77.67M	18.4M	12.6M	121.1M	8.04M	0
Other Investing	-225.76M	-167.78M	-332.55M	60.15M	-332.21M	-791.4M	406.71M	-515.87M	-691.91M	-386.24M
Cash from Financing+	-128.58M	259.76M	147.45M	-179.83M	234.72M	492.28M	-193.71M	2.41B	-334.79M	966.5M
Dividends Paid	-21.45M	-22.77M	-24.78M	-30.27M	-39.8M	-42.47M	-45.14M	-48.46M	-53.64M	-57.77M
Share Repurchases	-1.65M	-5.52M	0	-7.91M	-1.6M	-3.1M	-11.66M	0	-1.82M	0
Stock Issued	4.43M	13.35M	4.84M	2.24M	2.48M	1.79M	2.26M	7.65M	2.54M	9.2M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	0	400K	-1000K	-575K	0	1000K	300K	1000K	-1000K
Other Financing	-106.42M	274.7M	166.99M	-139.51M	274.22M	536.06M	-197.22M	2.46B	-284.92M	1.02B
Net Change in Cash+	-315.72M	252.28M	-92.59M	-333.62M	444.03M	-251.37M	433.11M	1.12B	-771.45M	1.16B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.91B	1.6B	1.85B	1.76B	1.42B	1.87B	1.62B	2.05B	3.17B	2.4B
Cash at End	1.6B	1.85B	1.76B	1.42B	1.87B	1.62B	2.05B	3.17B	2.4B	3.55B
Interest Paid	12.26M	14.67M	20.56M	41.55M	54.6M	22.06M	11.99M	42.93M	191.76M	270.81M
Income Taxes Paid	33.53M	32.7M	41.06M	27.95M	30.98M	26.52M	30.6M	34.64M	52.4M	46.56M
Free Cash Flow+	66.9M	79.71M	91.74M	88.15M	131.9M	88.41M	176.68M	206.49M	210.54M	224.55M
FCF Growth %	0.02%	0.19%	0.15%	-0.04%	0.5%	-0.33%	1%	0.17%	0.02%	0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.46%	10.34%	11.63%	14.99%	14.14%	9.61%	14.97%	15.94%	15.83%	14.16%
Return on Assets (ROA)	1%	1.03%	1.21%	1.7%	1.67%	1.12%	1.8%	1.77%	1.72%	1.67%
Net Interest Margin	2.82%	2.9%	3.13%	3.44%	3.29%	3.33%	3.36%	3.02%	3.43%	3.3%
Efficiency Ratio	60.52%	58.78%	54.73%	51.85%	50.92%	55.51%	57.54%	51.35%	41.08%	38.2%
Equity / Assets	9.79%	10.13%	10.69%	11.92%	11.73%	11.59%	12.46%	10.1%	11.59%	11.96%
Book Value / Share	20.63	22.35	23.82	27	30.15	32.15	35.17	37.41	42.81	48.23
NII Growth	4.1%	7.96%	11.44%	14.68%	8.23%	8.78%	2.93%	18.38%	13.59%	5.28%
Dividend Payout	32.41%	32.22%	28.67%	24.06%	29.51%	42.65%	26.93%	25.1%	25.25%	26.7%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Deposit Account	70.85M	76.58M	74.44M	83.42M	86.76M	77.37M	69.56M
Deposit Account Growth	-	8.09%	-2.80%	12.07%	3.99%	-10.82%	-10.09%
Fiduciary and Trust	-	-	-	12.91M	15.64M	18.78M	21.8M
Fiduciary and Trust Growth	-	-	-	-	21.17%	20.06%	16.06%
Fiduciary And Trust	12.83M	13.6M	13.13M	-	-	-	-
Fiduciary And Trust Growth	-	6.00%	-3.45%	-	-	-	-

Frequently Asked Questions

Valuation & Price

BancFirst Corporation (BANF) has a price-to-earnings (P/E) ratio of 17.7x. This is roughly in line with market averages.

Growth & Financials

BancFirst Corporation (BANF) grew revenue by 12.3% over the past year. This is steady growth.

Yes, BancFirst Corporation (BANF) is profitable, generating $237.6M in net income for fiscal year 2024 (23.8% net margin).

Dividend & Returns

Yes, BancFirst Corporation (BANF) pays a dividend with a yield of 1.50%. This makes it attractive for income-focused investors.

BancFirst Corporation (BANF) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Industry Metrics

BancFirst Corporation (BANF) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

BancFirst Corporation (BANF) has an efficiency ratio of 38.2%. This is excellent, indicating strong cost control.

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