Bancfirst Corp

BANF

Equity

ISIN US05945F1030 / Valor 66628

NASDAQ (2024-12-26)

USD 121.21+0.82%

Bancfirst Corp
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About company

BancFirst Corporation is a financial holding company based in Oklahoma, with its primary subsidiary being BancFirst, a state-chartered bank headquartered in Oklahoma City. The company also operates through subsidiaries in Texas, including Pegasus Bank in Dallas and Worthington Bank in Arlington. BancFirst Corporation's common stock is listed on the NASDAQ Global Select Market. BancFirst offers a range of banking services in Oklahoma, including checking accounts, savings accounts, commercial loans, and treasury services, with options for online banking and mobile app access.

Summarized from source with an LLMView SourceSector: Finance

Net Income

BancFirst Corporation reported net income of $50.6 million, or $1.51 per diluted share, for the second quarter of 2024. This is a decrease from the net income of $55.0 million, or $1.64 per diluted share, reported for the second quarter of 2023.

Net Interest Income

The company's net interest income for the second quarter of 2024 increased to $109.9 million from $105.9 million for the same period in 2023. Loan volume was the primary driver of this increase, although it was partially offset by changes in the mix between interest-bearing and noninterest-bearing deposits.

Noninterest Income

Noninterest income for BancFirst Corporation in the second quarter of 2024 totaled $43.9 million, compared to $48.0 million in the second quarter of 2023. The decrease was primarily due to a $5.7 million reduction in interchange fees related to the impact of the Durbin Amendment.

Noninterest Expense

Noninterest expense for the second quarter of 2024 increased to $85.3 million from $81.1 million in the same quarter last year. The increase was mainly attributed to growth in salaries and employee benefits, which rose by $2.1 million.

Total Assets and Loans

As of June 30, 2024, BancFirst Corporation's total assets were $12.7 billion, an increase of $365.3 million from December 31, 2023. Loans grew by $394.7 million from year-end 2023, totaling $8.1 billion at the end of the second quarter of 2024.

Summarized from source with an LLMView Source

Key figures

21.6%1Y

75.4%3Y

92.8%5Y

Performance

32.7%1Y

31.9%3Y

43.7%5Y

Volatility