BANF 8-K

Bancfirst Corp /Ok/ (BANF)

8-K 2026-07-23 For: 2026-07-23

View Original

Added on July 23, 2026


Oklahoma	0-14384	73-1221379
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

100 N. Broadway Ave.
Oklahoma City, Oklahoma		73102-8405
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1.00 Par Value Per Share	BANF	Nasdaq Global Select Market


(d)	Exhibits.
Exhibit No.	Description
99.1	Press Release, dated July 23, 2026, issued by BancFirst Corporation titled “BancFirst Corporation Reports Second Quarter Earnings.”
104	Cover Page Interactive Data File (embedded within the inline XBRL document).


			BANCFIRST CORPORATION

Date:	July 23, 2026	By:	/s/ Hannah Andrus
			Hannah Andrus Executive Vice President Chief Financial Officer


	100 N. Broadway Ave
FOR IMMEDIATE RELEASE	Oklahoma City, OK 73102
Thursday, July 23, 2026	www.bancfirst.bank

BANF 8-K

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2026			2026			2025			2025			2025
	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
Condensed Income Statements:
Net interest income	$	133,536		$	127,605		$	127,667		$	125,615		$	121,256
Provision for credit losses on loans		4,831			2,578			(1,975	)		4,222			1,239
Provision for/(benefit from) off-balance sheet credit exposures		48			(435	)		234			216			148
Noninterest income:
Trust revenue		6,078			6,057			5,933			5,850			5,795
Service charges on deposits		19,090			18,042			18,393			18,131			17,741
Securities transactions		725			904			964			492			(740	)
Sales of loans		913			780			781			916			830
Insurance commissions		7,481			9,440			7,643			8,954			7,920
Cash management		10,922			10,566			10,120			10,338			10,573
Other		8,740			5,602			9,499			5,185			5,929
Total noninterest income		53,949			51,391			53,333			49,866			48,048

Noninterest expense:
Salaries and employee benefits		60,306			58,855			58,570			57,681			55,147
Occupancy expense, net		6,320			6,286			6,946			6,434			6,037
Depreciation		4,988			4,816			4,872			4,725			4,691
Amortization of intangible assets		974			975			836			862			862
Data processing services		2,990			3,448			3,041			2,901			2,985
Net expense from other real estate owned		4,567			3,605			12,044			2,778			2,941
Marketing and business promotion		2,077			2,641			3,121			2,126			2,325
Deposit insurance		1,642			1,847			1,692			1,736			1,675
Other		13,667			14,316			16,268			12,829			11,536
Total noninterest expense		97,531			96,789			107,390			92,072			88,199
Income before income taxes		85,075			80,064			75,351			78,971			79,718
Income tax expense		18,388			17,069			15,854			16,317			17,371
Net income	$	66,687		$	62,995		$	59,497		$	62,654		$	62,347
Per Common Share Data:
Net income-basic	$	1.98		$	1.88		$	1.78		$	1.88		$	1.87
Net income-diluted		1.96			1.85			1.75			1.85			1.85
Cash dividends declared		0.49			0.49			0.49			0.49			0.46
Common shares outstanding		33,598,745			33,575,976			33,539,032			33,329,247			33,272,131
Average common shares outstanding -
Basic		33,586,922			33,557,536			33,423,922			33,310,290			33,255,015
Diluted		34,057,507			34,027,895			33,906,434			33,864,129			33,795,243
Performance Ratios:
Return on average assets		1.77	%		1.71	%		1.60	%		1.76	%		1.79	%
Return on average stockholders’ equity		13.84			13.59			13.02			14.18			14.74
Net interest margin		3.84			3.74			3.71			3.79			3.75
Efficiency ratio		52.02			54.07			59.33			52.47			52.10


	BancFirst Corporation
	Consolidated Average Balance Sheets
	And Interest Margin Analysis
	Taxable Equivalent Basis
	(Dollars in thousands - Unaudited)

	Three Months Ended								Six Months Ended
	June 30, 2026								June 30, 2026
				Interest		Average						Interest		Average
	Average			Income/		Yield/			Average			Income/		Yield/
	Balance			Expense		Rate			Balance			Expense		Rate
ASSETS
Earning assets:
Loans	$	8,610,837		$	148,013		6.89	%	$	8,580,750		$	292,330		6.87	%
Securities – taxable		999,677			7,413		2.97			950,975			13,286		2.82
Securities – tax exempt		6,756		68		4.01				7,148		134			3.77
Interest bearing deposits with banks and FFS		4,343,973			40,042		3.70			4,368,252			80,124		3.70
Total earning assets		13,961,243			195,536		5.62			13,907,125			385,874		5.60

Nonearning assets:
Cash and due from banks		217,300								221,400
Interest receivable and other assets		1,028,343								988,094
Allowance for credit losses		(105,148	)							(104,780	)
Total nonearning assets		1,140,495								1,104,714
Total assets	$	15,101,738							$	15,011,839

LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Money market and interest-bearing checking deposits	$	5,499,834		$	34,602		2.52	%	$	5,546,776		$	69,920	2.54		%
Savings deposits		1,408,443			9,467		2.70			1,379,604			18,405		2.69
Time deposits		1,815,864			16,445		3.63			1,817,743			33,417		3.71
Short-term borrowings		13,798			102		2.97			14,444			244		3.40
Long-term borrowings		-			-		-			3,055			42		2.77
Subordinated debt		86,233			1,031		4.80			86,226			2,061		4.82
Other liabilities		16,747			199		4.76			16,736			332		4.00
Total interest bearing liabilities		8,840,919			61,846		2.81			8,864,584			124,421	2.83

Interest free funds:
Noninterest bearing deposits		4,123,897								4,059,407
Interest payable and other liabilities		204,942								182,001
Equity		1,931,980								1,905,847
Total interest free funds		6,260,819								6,147,255
Total liabilities and stockholders’ equity	$	15,101,738							$	15,011,839
Net interest income				$	133,690							$	261,453
Net interest spread							2.81	%							2.77	%
Effect of interest free funds							1.03	%							1.02	%
Net interest margin							3.84	%						3.79		%


BancFirst Corporation
Summary Financial Information
(Dollars in thousands, except per share and share data - Unaudited)

	2026			2026			2025			2025			2025
	2nd Qtr			1st Qtr			4th Qtr			3rd Qtr			2nd Qtr
Balance Sheet Data:

Total assets	$	15,082,243		$	15,116,541		$	14,838,893		$	14,198,140		$	14,045,780
Interest-bearing deposits with banks		4,164,678			4,430,751			4,177,406			3,849,736			3,737,763
Debt securities		1,113,240			886,519			924,948			1,015,941			1,104,604
Total loans		8,655,260			8,596,068			8,544,634			8,287,167			8,124,497
Allowance for credit losses		(107,810	)		(105,330	)		(104,299	)		(99,511	)		(96,988	)
Noninterest-bearing demand deposits		4,162,306			4,105,840			3,897,613			3,816,389			3,967,626
Money market and interest-bearing checking deposits		5,442,757			5,605,932			5,610,882			5,393,791			5,301,439
Savings deposits		1,428,690			1,391,142			1,318,062			1,251,394			1,205,602
Time deposits		1,792,537			1,798,187			1,843,836			1,656,813			1,581,525
Total deposits		12,826,290			12,901,101			12,670,393			12,118,387			12,056,192
Stockholders' equity		1,957,097			1,901,912			1,854,125			1,782,801			1,728,038
Book value per common share		58.25			56.65			55.28			53.49			51.94
Tangible book value per common share (non-GAAP)(1)		52.21			50.58			49.20			47.71			46.12
Balance Sheet Ratios:
Average loans to deposits		67.02	%		67.02	%		66.43	%		67.32	%		67.11	%
Average earning assets to total assets		92.45			92.84			93.00			93.00			92.97
Average stockholders' equity to average assets		12.79			12.60			12.33			12.38			12.14
Asset Quality Data:
Past due loans	$	7,077		$	8,364		$	8,115		$	7,959		$	7,515
Nonaccrual loans (3)		81,420			62,178			61,130			57,266			49,878
Other real estate owned and repossessed assets		61,703			53,649			49,134			53,233			53,022
Nonaccrual loans to total loans		0.94	%		0.72	%		0.72	%		0.69	%		0.61	%
Allowance to total loans		1.25			1.23			1.22			1.20			1.19
Allowance to nonaccrual loans		132.41			169.40			170.62			173.77			194.45
Net charge-offs to average loans		0.03			0.02			0.02			0.02			0.05

Reconciliation of Tangible Book Value Per Common Share (non-GAAP)(2):

Stockholders' equity	$	1,957,097		$	1,901,912		$	1,854,125		$	1,782,801		$	1,728,038
Less goodwill		183,388			183,388			182,739			182,263			182,263
Less intangible assets, net		19,408			20,382			21,357			10,548			11,410